Answer:
The Framers provides the more affordable price, being $1.35 less expensive.
Step-by-step explanation:
I've Been Framed:
50% of $115 amounts to $57.5.
10% of $57.5 equals $5.75.
Subtracting gives $57.5 - $5.75 = $51.75.
Total: $51.75
The Framers:
30% off $120 results in $36.
After discount, $120 - $36 equals $84.
40% off $84 is $33.6.
Subtracting gives $84 - $33.6 = $50.4.
Price difference: $1.35
FV = P(1 + r/t)^nt, where P denotes the principal amount, r is the interest rate, t is the frequency of compounding per year, and n is the total number of years.
Calculating: FV = 7650(1 + 0.05/4)^(9 x 4) = 7650(1 + 0.0125)^36 = 7650(1.0125)^36 = 7650(1.564) = $11,964.17
Answer:
With the addition of a child, both the family's income and expenses increase. Although the initial expenses might be higher, the financial benefits will manifest over time.
