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n200080 [17]
3 years ago
10

Before you started applying for college, a job recruiter offered you a full-time cashier position at a department store, earning

an after-tax salary of $21,000 per year. However, you turn down this offer and attend your first year of college. The additional monetary cost of college to you, including tuition, supplies, and additional housing expenses, is $32,000. You decide to go to college, probably because:______.
A. You value a year of college at $22,000.B. You value a year id college of $34,000.C. You value a year of college less than $34,000.D. You value a year of college at more than $56,000.
Business
1 answer:
blondinia [14]3 years ago
8 0

Answer:

Option D (You value..........$56,000) is the right response.

Explanation:

  • The overall expenditure of taking part throughout the school for the very first year would be the amount of such loss of university income as well as extra cash.
  • Whenever you anticipate receiving stronger employment wages from university education, therefore during the 1st year that you estimate upwards of expenditure of $53,000 for higher learning.

Other options aren't linked to the specific circumstance. Thus, the response seems to be the right one.

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Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. If he can earn 7 percent on any investme
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Answer:

Total future value= $16,402.09

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Giving the following information:

Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. He can earn 7 percent on any investment that he makes.

To calculate the future value, we need to use the following formula for each cash flow:

FV= PV*(1+i)^n

Year 1= 4,450*1.07^3= 5,451.44

Year 2= 4,775*1.07^2= 5,466.90

Year 3= 5,125*1.07= 5,483.75

Total future value= $16,402.09

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