This is true. Opportunity cost is the next highly-valued option you give up when you make a choice.
Based on the given above, in order to determine the present
value, the amount you needed should be divided from 1 plus the 2.6 compounded
annually on the savings which will be multiplied to three.
It goes as;
Present value = $6,500 / (1 + 0.026) 3 = $6,018.26
They need to deposit $6,018.26 today to pay for the entire
party.
Answer:
$1,235.48
Explanation:
4.5 + 4 = 8.5hrs
8.5hrs x $8.55 = $72.675 per display changes
52 weeks / 3 = 17.33 times of changes for the whole year (17 rounded)
$72.675 x 17= $1,235.48