Answered: Veraboughtanewcarin2016.Oneyearlater,th…

Veraboughtanewcarin2016.Oneyearlater,thecarhaddepreciated(wentdown)invalueby $2,300andwasworth$28,140.Findthevalueofhercarwhenshepurchaseditin2016.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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During the last few days M Oil Company has requested rate increases several times. As a result of the granted rate increase, the following revenue amounts will be earned: P18.2 million, 14.9 million, P20 million, P19.2 million, P18.7 million, P15.4 million. P10.2 million, P22 million, P17.5 million, P14.6 million, P13.2 million, and P16.3 million. What is the median for the revenue amounts realized? Please show your solution and write readable thanks.
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At the end of 2009, right after the great recession of 2008-2009, business partners Mario and Luigi sold their plumbing business and retired. Each of them received $1,000,000 net from the sale. Mario holds an undergaduate business degree and understands risk, return, and divesification. He decides to invest his 1M$ in SPY ETF (essentially a stock that tracks the S&P 500 index performance). Luigi comes from a low income family and could not afford to go to college. He doesn't understand finance and he fears risk, so he decides to put his money in a bank savings account. The average S&P500 annual return from 2010 to 2019 has been 11.3%, the average annual return on a standard savings account has been 0.1% over the last 10 years. What is the difference in FV value (end of 2019) between Mario and Luigi investment holdings?