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Just got my latest shipment of Cuban cigars smuggled in from Havana. Nice to sit on the deck and puff away thinking of those students
Just got my latest shipment of Cuban cigars smuggled in from Havana. Nice to sit on the deck and puff away thinking of those students tapping away at their calculators. Imagine my surprise when I looked in the lower layer of the cigar box and found a small cube of gold hidden there. It is a bit too heavy to put on my necklace and anyway I don't (very unfortunately have that Kanye-look. I took the cube to a jeweler who said he would pay me $300 a month for ten years if I gave him the cube now. Money is worth 9% compounded quarterly. How much was the cube worth? One decimal place. a Cleaning ladies in hotels have a horrible job. Rude guests and smelly dirty rooms to clean. They rarely get tips because the guests are always rushing out. But they do sometimes find small amounts of cash left behind, dropped behind the sofa cushions and similar. One cleaner, Chai Latte, decided to put this money to work and deposited her findings every month. To make it easy she always deposited the same amount, averaging it out as she went along. Finally, it was time for Chai Latte to retire and go home to her excited family. This was after twenty years of hotel work and saving. If money is worth 8% compounded quarterly and Chai Latte is going home to her excited family with no less than $23,000 from her savings, how much was that average she put in the bank? Select one: 0 40.2 0 39.3 0 37.5 I like to be on trend and so I am interested in stealing catalytic converters from cars to get out the platinum. Worth more than gold these days. Who knew a KPU prof could teach business math and be on trend like that! Takes some doing I tell you. Anyway, I I have a choice of machine to strip out the platinum. I don't count my own cost for climbing under the car with a wrench and scuffing my shoes something awful. Machine A has a down payment of $108235 with an additional payment of $10000 in five years. Machine B has a down payment of $10000 and then monthly payments of $2000 for five years. Money is 5 % compounded quarterly. Which choice would you make? Machine A or Machine B. And can someone lend me a wrench? Select one: o Machine A O Machine B
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