The answer 0.6 i apologize if it is incorrect!
A) just change the numerator to anything more than 1
B) y=1/4+1
5/11 because if you simplify starting at 40/88 you get 5/11
the first two professors did not know if everyone wanted coffee because the third professor had to choose yes or no if he wanted coffee. the first two professors were waiting for the third to say something, and when he said no, they knew he did not want coffee. if one of the first two professors said no, the answer would be no.
550 * 1.03 = 566.5 (Year 1)
566.5 * 1.03 = 583.495 (Year 2)
583.495*1.03 = 600.99985 (Year 3)
You can safely assume this is your answer: $601.00
