Answer:
$0
Step-by-step explanation:
Given that:
Preparation and sowing cost = $240,000
Cost of harvest after a year = $93,200
Worth of crop = $350,000
Interest rate (r) = 7% = 0.07
Net present value of Investment :
[(worth - Cost after 1 year) / (1 + r)] - initial investment cost
[(350,000 - 93,200) ÷ (1 + 0.07)] - 240,000
[256,800 / 1.07] - 240,000
$240,000 - $240,000
= $0
The answer is TRUE
There are only two possible outcomes
- Tomorrow it rains.
- Tomorrow it does not rain.
Thus the probability of one outcome dictates the probability of the other.
For example, imagine that
<em>P(It will rain tomorrow) = 1 </em><em> </em>(This means that you are 100% sure it will rain)
Then you can assure that
<em>P(It will rain tomorrow) = 1 - P(It will not rain tomorrow)</em>
<em>P(It will not rain tomorrow) = 0</em>
True. Because if you multiply 440 by 10, the answer is 4,400. So 4,400 is 10 times as much as 440.
To each number multiplied by 10, the answer is the same number with an additional zero to the right.
Hope this Helps! :)
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