Question
The following table shows the amount spent by four U.S. airlines to fly one available seat 1 mile in the second quarter of 2014. Set
The following table shows the amount spent by four U.S. airlines to fly one available seat 1 mile in the second quarter of 2014. Set up a system and then solve using technology.
Suppose that, on a 3,000-mile New York to Los Angeles flight, United Continental, American, and Southwest flew a total of 210 empty seats, costing them a total of $89,760. If United Continental had three times as many empty seats as American, how many empty seats did each of these three airlines carry on its flight?
United Continental _________empty seats
American ____________ empty seats
Southwest ___________empty seats
Question 2:
Find the present value PV of the given investment (in dollars). (Round your answer to the nearest cent.)
An investment earns 4% per year and is worth $30,000 after 3 years.
Question 3:
Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time.
3% per year, compounded quarterly (4 times/year), after 7 years
\begin{tabular}{|c|c|c|c|c|} \hline Airline & UnitedContinental & American & JetBlue & Southwest \\ \hline Cost (c) & 14.9 & 14.6 & 11.9 & 12.4 \\ \hline \end{tabular}Step by Step Solution
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