Answer:
Final Value= $61,037.04
Explanation:
Giving the following information:
Investment= $2,378 in a bank at the end of every year for 10 years.
The company makes no deposits during the subsequent 5 years.
Interest rate= 10%
First, we need to calculate the first 10 years.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,378*[(1.1^10)-1]} / 0.1
FV= $37,899.20
Now, the 5 years:
FV= PV*(1+i)^n
FV= 37,899.2*(1.1^5)
FV= $61,037.04
0.08x+0.057 (6000-x)=472.5
Solve for x
X=4500 invested at 8%
Answer:
The economic cost for Debbie is 6,200 after considering the implicit cost.
Explanation:
The economic cost for Debbie's will be the explicit cost and opportunity cost of the best rejected opportunity.
Explicit cost: 2,200 print and develop
Opportunity Cost: 4,000 normal wedding revenue
Total Cost: 6,200
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