Question
The Portland Stallions professional football team is looking at its future revenue stream from ticket sales. Currently, a season package costs $475 per seat. The
The Portland Stallions professional football team is looking at its future revenue stream from ticket sales. Currently, a season package costs $475 per seat. The season ticket holders have been promised this same rate for the next four years. Five years from now the organization will raise season ticket prices based on the estimated inflation rate of 44%. What will the season tickets sell for in five years?
What will the season tickets sell for in five years?
$_______(Round to the nearest cent.)
Upstate University charges $18,000 a year in graduate tuition. Tuition rates are growing at 33% each year. You plan to enroll in graduate school in six years. What is your expected graduate tuition in six years?
$________ (Round to the nearest cent.)
You are currently in the job market. Your dream is to earn a six-figure salary ($150,000). You hope to accomplish this goal within the next 26 years. In your field, salaries grow at 3.75 per year. What starting salary do you need to reach this goal?
What starting salary do you need to reach thisgoal?
$________(Round to the nearest cent.)
Future Bookstore sells books before they are published. Today, they are offering the book Adventures in Finance for $15.45, but the book will not be published for another 2 years. The retail price when the book is published will be $26. What is the discount rate Future Bookstore is offering its customers for this book?
What is the discount rate Future Bookstore is offering its customers for this book?
_______% (Round to two decimal places.)
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