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Before a big test, James memorized 10% more words than Zach. Zach memorized 30% more words than Amy. If Amy memorized a words, how many words did James memorized in terms of a ?

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter2: Descriptive Statistics

Section: Chapter Questions

Problem 6P: In a study of how chief executive officers (CEOs) spend their days, it was found that CEOs spend an...

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Concept explainers

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.

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Before a big test, James memorized 10% more words than Zach. Zach memorized 30% more words than Amy. If Amy memorized a words, how many words did James memorized in terms of a ?

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