Answer: 25.22%
Explanation:
Given that,
Annual revenue = $134,000
Annual expenses = $76,000
Oil well cost = $449,000
Salvage value = $11,000
Annual net income = Annual revenue - Annual expenses
= $134,000 - $76,000
= $58000
Average Investment = 
= $230000
Annual rate of return = 
= 25.22%
Joan's decision would be described as a "heuristic decision"
Explanation:
The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature
Answer:
$18,750
Explanation:
Present value (PV): $12,000
Tenor: 3 years
Future value (FV): $15,700
We have the formula:
FV = PV*(1+ annual rate) ^ number of year
15,700 = 12,000 * (1 + rate) ^3
-> Rate = (15,000/12,000)^(1/3) – 1 = 7.722%
If Sam invest in 6 year, the amount he expect to have is the future value in below calculation:
FV = 12,000 * (1+ 7.722%)^6 = 18,750
