Answer: $3,866,182.89
Explanation:
The winnings in 45 years are the future value of the $80,000 that you just won based on the return rate of 9%.
Future Value = Present Value ( 1 + return) ^ number of years
= 80,000 ( 1 + 0.09) ⁴⁵
= $3,866,182.89
Lottery winnings will be worth $3,866,182.89 when you retire.
Let x be the number of television panels that the Company B produced. It is stated in this item that 5% of these panels are defective. The number of defective panels from Company B is therefore equal to 0.05x.
With the representation above, the total number of panels produced by the two companies is equal to 12000 + x. The percentage of total defective panels to the total panels produced can be expressed through the equation,
((12000)(0.02) + 0.05x) / (12000+x))(100) = 3
Dividing the equation by 100
(240+0.05x)/(12000+x) = 0.03
Cross-multiplying the denominator of the left-hand side to the right hand side of the equation,
240 + 0.05x = 360 + 0.03x
Transposing like terms,
0.02x = 120
Dividing the equation by 0.02.
x = 6000
<em>ANSWER: The number of tv panels produced by Company B is 6000. </em>
This is the order in which tertiary level degrees are given
Answer:
Her rate of commission is 2 percent
Explanation:
Commission= $4800
Sale of property = $240,000
Rate of commission = (Commission/ Sale Of Property )* 100
Rate of commission= $ 4800/ $ 240,000 * 100
Rate of commission= 0.02 * 100
Rate of commission= 2%
The above solution can be checked by putting in the values of percent and commission
(Check)
2% of $ 240,000
= (2/100) * $ 240,000
= 2* $2400
= $ 4800
Thus 2 percent of $ 240,00 is equal to $ 4800
Answer:
NPV of the microwave: 162.04
Explanation:
we will calcualte the present value of the microwave cost savings of 76 dollars per year using the annuity formula:
C 76 dollars
time 5 years
rate 0.05
PV $329.0402
The net present value will be the present value less investment
329.04 - 167 = 162.04
