Answer:
there is an economic principle that states that 1 dollar today is worth more than 1 dollar in the future, since an invested dollar could earn interests and gain value.
For example, we can assume a 6% interest rate (0.5% monthly interest rate), and using the present value formula we can determine the present value of $100:
- given to us in 30 days = $100 / (1 + 0.5%)¹ = $99.50
- given to us in 150 days = $100 / (1 + 0.5%)⁵ = $97.54
- given to us in 300 days = $100 / (1 + 0.5%)¹⁰ = $95.13
In order to calculate the value of $100 given to us tomorrow, we would need to determine a daily interest rate = 6% / 360 = 0.00017
- $100 given to us tomorrow = $100 / (1 + 0.00017)¹ = $99.98
since the amount of money is not that large and the interest rate is rather low, the difference in value is not that large. But imagine if you used a 24% interest rate instead of 6% (monthly interest rate = 2%)
- $100 given to us in 30 days = $100 / (1 + 2%)¹ = $98.04
- $100 given to us in 150 days = $100 / (1 + 2%)⁵ = $90.57
- $100 given to us in 300 days = $100 / (1 + 2%)¹⁰ = $82.03
as the interest rate increases, the present value decreases.
Answer:
C
Step-by-step explanation:
write an equation for the costs:
if x is the number of sodas
and y is the number of waters
2.75x + 2y <= 15
(<= is less than or equal to)
if we substitute 3 for y
we get 2.75x + 2(3) <= 15
2.75x + 6 <= 15
2.75x <= 9
9 / 2.75 = 3.2727
however, you cannot buy part of a soda
so, round to 3
you also cannot buy negative sodas
so, the answer is C
I just reorder it and range it
Hi There!
The number of teams who entered in a 3-on-3 charity basketball tournament can be modeled by function T, where x is the number of years since the tournament first started.
T(x)=4x+24
The entire fee paid by each team to enter the tournament can be modelfied by function F, where x is the number of years since the tournament first started.
F(x)=5x+45
Which function,R, best represented the total entry fees collected in the xth year since the tournament first started?
Answer - D. R(x)=9x+69
Option D makes the most sense for the following question because since whatever x is multipled by the number thats just added so you just combine like terms and do 24 + 45 = 69.
Here are the answers in order
a. -15
b. -3