Answer:
V= $8
Step-by-step explanation:
Letting V denote the value of an hour,
the annual value of the time savings from the change can be written as
= (5 days/week × 50 weeks/year × .25 hours/day) × V, or 62.5 V per year.
The present value of 62.5 V per year, forever, at a 5% discount rate, is
= 62.5 V / 0.05.
The implication of the change in house prices is that households were willing to pay $10,000 to gain 15 minutes per commuting day, i.e., that the present value of the time savings is $10,000.
Setting 62.5 V / 0.05 = $10,000 and solving gives V = $8
Answer:
Step-by-step explanation:
<u>Given sets</u>
- R = {10, 15, 20}
- S = {20, 25}
<u>Intersection of sets</u>
Answer:
z =86
Step-by-step explanation:
The exterior angle of a triangle is the sum of the opposite interior angles
z + z-39 = z+47
2z-39 = z+47
Subtract z from each side
z-39 = 47
Add 39 from each side
z = 47+39
z =86
