Answer:
Total cost= $104,022.6
Explanation:
Given the following data:
The company anticipates $6000 in expenditure after 1 year, $9000 after 3 years, and $10,000 annually from year 6 through year 10.
The annual interest rate is set at 12%.
We will apply this formula:
FV= PV*(1+i)^n
FV= 6000*(1.12)^9= 16,638.47
FV= 9000*(1.12)^7= 19,896.13
Total= $36,534.6
For the last three amounts, we shall use the formula:
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {10000*[(1.12^3)-1]}/0.12= 67,488
The cumulative cost is 67,488 + 36,534.6= $104,022.6
The right choice is option (D). According to the given situation, the details are as follows: Purchase cost = $3,300 Transportation cost = $290 Return value = $230 Discount rate = 3% To find the total cost of merchandise, we follow this procedure: First, we deduct the return value from the purchase value. Then, $3,300 - $230 = $3,070 Now, we apply the discount, which is 3% of $3,070 = $92.10 Net purchase value = $3,070 - $92.10 = $2,977.90 Next, we add the transportation expense to the purchase value: $2,977.90 + $290 = $3,267.90 Thus, the complete cost of this merchandise is $3,267.90.
Considering the provided details, the term that best defines the family is 'egalitarian'. Egalitarianism represents the ideology that all individuals possess equal rights and should be treated as such.
