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Author Question: Dan Preston made 18,000 in the first movie he ever starred in. Dan soon made more and more movies ... (Read 75 times)

joesmith1212

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on: Jul 10, 2018
Dan Preston made 18,000 in the first movie he ever starred in. Dan soon made more and more movies and more and more money.
 
  At a 46.18 rate of salary increase per movie, how many movies did Dan make in order to earn 5,350,000 in a single movie?
  A) 84 movies
  B) 34 movies
  C) 22 movies
  D) 15 movies

Question 2

Your production manager informs you that currently the firm is producing 1,438 heating units per month but has plans to increase production at a rate of 5 per month until the firm is producing 3,000 units per month.
 
  How many months will this take?
  A) 27.33 months
  B) 15.07 months
  C) 14 months
  D) There is not enough information to answer this question.


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Ahnyah

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Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: D
Explanation: D) n = = = 15 movies
MODE = END
INPUT ? 46.18 -18,000 0 5,350,000
KEY N I/Y PV PMT FV
CPT 15

Answer to Question 2

Answer: B
Explanation: B) n = = = 15.07 months
MODE = END
INPUT ? 5 -1,438 0 3,000
KEY N I/Y PV PMT FV
CPT 15.07


joesmith1212

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Reply 2 on: Jul 10, 2018
Thanks for the timely response, appreciate it

Jossy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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