Business

EconomicsQ&A LibraryLotus Development has a software rental plan called SmartSuite that is available on the World Wide Web. A number of programs are available at $2.99 for 48 hours. If a construction company uses the service every week for an average of 48 hours, what is the future worth of the rental costs for 1 year at an interest rate of 1% per month, compounded weekly? (Assume 4 weeks per month.)Start your trial now! First week only $4.99!*arrow_forward*

Question

Lotus Development has a software rental plan

called SmartSuite that is available on the World

Wide Web. A number of programs are available at

$2.99 for 48 hours. If a construction company uses

the service every week for an average of 48 hours,

what is the future worth of the rental costs for

1 year at an interest rate of 1% per month, compounded

weekly? (Assume 4 weeks per month.)

Tagged in

Business

Economics

Find answers to questions asked by students like you.

Q: Inverse demand function for a firm is P(Q) = 100 -2q and the cost function is represented as C(q) = ...

A: Given: P = 100 - 2q TC =10+2q Total Revenue (TR) = PXQ = 100q - 2q2 Marginal Revenue (MR) = dTR/dq= ...

Q: An increase in the cost of an input will cause the supply curve to shift _______ and result in an eq...

A: When the input cost increases, it is more expensive for the producers to produce the goods.

Q: Indicate whether the statement is true or false, and justify your answer.Population growth in the de...

A: True, because the population growth in the developed world is contributing to population aging- main...

Q: 4. The text notes that changes in oil prices can affect the inflation-unemployment outcome. Explain ...

A: Fluctuations in oil prices impact inflation in a number of ways. A 10% increase in oil price will in...

Q: Economan has been infected by the free enterprise bug. He sets up a firm on extraterrestrial affairs...

A: a. By accountant’s definitions, he will incur loss. Profit = TR-TC TR = 100000 TC = 4000 + 2 x 50000...

Q: ANSWER TRUE OR FALSE : 1- M1 and M2 equations are related to reserve market (interbank). True / Fa...

A: Hey, since there are multiple questions posted, we will answer first question. If you want any speci...

Q: If nominal GDP increased by 6 percent during a year, while the GDP deflator increased by 4 percent, ...

A: Real GDP depicts the true growth of the economy and is essential to calculate

Q: What is the present equivalent of RM 25,000 to be received in 20 years wheninterest rate is 6% per y...

A: If the interest rate is 6% per year compounded semiannually, the interest rate can be calculated as ...

Q: Illustrate each of the following situations with a graph showing the Short-run Aggregate Supply curv...

A: Aggregate supply curve and its interaction with the aggregate demand curve determines the level of p...