A production process has two workstations. The first workstation has a capacity of 200 units per hour and the second workstation
1 answer:
You might be interested in
Answer:
FV≅$5031
Future worth at the end of 30 years will be most nearly $5031.
Explanation:
In order to find the Future value after 30 years, we are going to use the following formula:
where:
FV is the future value (End of 30 years)
PV is the present value ($500)
i is the interest rate=8%=0.08
n is the number of years (30 years)
Now,
FV≅$5031
Future worth at the end of 30 years will be most nearly $5031.