Option 1: $50
Option 2: $12.50 per hour.
50 ÷ 12.50 = 4
Paul can choose the hourly wage if he works more than 4 hours.
For example, he works 5 hours.
12.50 x 5 hours = 62.50
$62.50 is higher than the fixed rate of $50. Thus, hourly wage is the better option.
Answer:
Difference= $3,090.15 in favor of compounded interest
Step-by-step explanation:
Giving the following information:
Present value (PV)= $8,500
Ineterest (i)= 0.025/12= 0.00208
Number of periods (n)= 360 months
<u>We will calculate the future value of each option and determine the difference:</u>
<u>Simple interest:</u>
FV= (PV*i*n) + PV
FV= (8,500*0.00208*360) + 8,500
FV= $14,864.8
<u>Compounded interest:</u>
FV= PV*(1+i)^n
FV= 8,500*(1.00208^360)
FV= $17,958.95
Difference= $3,090.15
Answer:
there is no multiplyer becuase 1 dosnt work no 2 nor3 nor4 nor5 nor6 and then you will be greater than 6 so it dosnt fit into 5 so
????/
Step-by-step explanation:
