Answer: Pounds of ground meat use for the hamburgers is 173/80 pounds.
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Below is the solution:
<span>E(X) = 50*1 - 3*8000/10000
E(X) = 50 - 24 = $26 per year</span>
The answer is 9, hope this helps
We are given with the following:
Effective annual interest, i = 0.0425
Future worth, F = $25000
Number of years, n = 18
We use the formula to solve for the present worth of the money:
P = F / (1 + i)^n
P = 25000 / (1 + 0.0425)^18
P = 11818.73
The closest answer is:
<span>b.
$11,820</span>
