A young couple planning for their future is considering purchasing a franchise for pizza business. The franchise will cost $35,000 and the couple will be required to purchase certain supplies from the franchisorIf the average profit on a pizza is $1 how many pizzas will they have to sell each week for 5 years just to pay for the cost of the franchise if the interest rate is 3% per quarter compounded daily? Assume 30 days per month 52 weeks per year

A young couple planning for their future is considering purchasing a franchise for pizza business. The franchise will cost $35,000 and the couple will be required to purchase certain supplies from the franchisorIf the average profit on a pizza is $1 how many pizzas will they have to sell each week for 5 years just to pay for the cost of the franchise if the interest rate is 3% per quarter compounded daily? Assume 30 days per month 52 weeks per year

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 31P

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