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Sveta_85 [38]
3 years ago
8

Julie worked 3 less than twice as many hours as Bruce. Which of the following choices represents the number of hours that Julie,

J. worked based on the number of hours that Bruce, B, worked?
A. J = 2B - 3
B. J = 2 - 3B
C. J = 2B + 3
D. J = 3 - 2B
E. J = -2B - 3 ​
SAT
1 answer:
gtnhenbr [62]3 years ago
5 0
The answer is a . i hope you do well
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James bennett also allocates wealth between youth and old age. He has no cash currently (in his youth), but will inherit $3000 i
Anvisha [2.4K]

The present value (PV) of $15,254.24 is the most James bennett can consume in his youth.

<u>Given the following data:</u>

  • Inheritance = $3000
  • Interest rate = 18%
  • Investment opportunity (youth) = $12,000
  • Investment opportunity (old age) = $15,000

To calculate the most James bennett can consume in his youth:

First of all, we would determine the future value of James bennett from his investment and inheritance as follows:

FV = 15000 + 3000

FV = $18000

Mathematically, the most James bennett can consume in his youth is given by this formula:

PV = \frac{FV}{(1+i)^n}

Substituting the given parameters into the formula, we have;

PV = \frac{18000}{(1+0.18)^1}\\\\PV = \frac{18000}{1.18}

PV = $15,254.24

Therefore, the present value (PV) of $15,254.24 is the most James bennett can consume in his youth.

Read more on present value here: brainly.com/question/24341207

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