Joint venture-<span>a unique business organized by two or more other businesses to operate for a limited time and for a specific project</span>
Bacon would cost more since it would cost more to raise a pig
Answer:
$14,250
Explanation:
To determine what amount of money will make Fred take his chances and invest in this new business, we first have to solve this equation:
- current wealth - (% chance of losing money x wealth after losing money)
$12,000 - (20% x $3,000) = $12,000 - $600 = $11,400
Then:
$11,400 / 80% of getting wealthier = $14,250
