Question
An onlinemarathon fund raisercontinues as long as donations keep coming in.The first hour costs $1.00, and then the cost per hour goes up by 1%
An onlinemarathon fund raisercontinues as long as donations keep coming in.The first hour costs $1.00, and then the cost per hour goes up by 1% every hour.Suppose the fundraiser lasts for 111 hours.
How much will be raised in the last hour?Enter your answer rounded to two decimal places.
How much will be raised in total?Enter your answer rounded to two decimal places.
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
