Answer: $9.20
Step-by-step explanation: To get the answer, you add both the cost and multiply it by .15. Then you add the product to the number you got adding the cost of the food.
I'm not sure how to do this manually but if you plug in 7/12 in a scientific calculator and then press sin -1 you'll get approximately 35.685
Answer:
"To the nearest year, it would be about 9 years"
Step-by-step explanation:
11c)
This is compound growth problem. It goes by the formula:
Where
F is the future amount
P is the present (initial) amount
r is the rate of growth, in decimal
t is the time in years
Given,
P = 20,000
r = 8% = 8/100 = 0.08
F = double of initial amount = 2 * 20,000 = 40,000
We need to find t:
To solve exponentials, we can take Natural Log (Ln) of both sides:
Using the rule shown below we can simplify and solve:
We can write:
To the nearest year, that would be about 9 years
Answer:
Project A :
NPV : $703,888.64
IRR : 44.882%
Project B:
NPV : $5,241.26
IRR : 49.662%
Project B is more profitable
Step-by-step explanation:
The NPV gives the difference between the present value of cash inflow and cash outflow over a certain period of time.
The Internal rate of return is the discount rate which makes the NPV of an investment 0. It is used to estimate the potential return on an investment. Investments with higher IRR are said to be better than those with lower IRR value.
Using the net present value, (NPV) Calculator, the NPV for project A is : $703,888.64
The IRR of project A is : 44.882%
The NPV for Project B is : $5,241.26
The Internal rate of return (IRR) : 49.662%
From the Internal rate of return value obtained, we can conclude that, project B is more profitable as it has a higher IRR than project A.
