Bull Built, a design/build engineering company that has always given year-end bonuses in the amount of $4,000 to each of its engineers, is having cash flow problems. The president said that although Bull Built couldn’t give bonuses this year, next year’s bonus would be large enough to make up for this year’s omission. If the interest rate is 10% per year, what is the equivalent bonus that engineers should receive next year?
What will be an ideal response?
Total bonus next year = (this year’s bonus + interest) + next year’s bonus
= [4,000 + 4,000(0.10)] + 4,000
= $8,400
You might also like to view...
Which of the following statements about LLE is true?
A. In a plot of the molar Gibbs free energy of mixing of a binary mixture as a function of a mole fraction, the two local minima in the plot (not at the pure component endpoints) will define the composition of the equilibrium liquid phases. B. The 1-parameter Margules equation cannot predict a miscibility gap for a binary liquid mixture, but the 2-parameter Margules equation can. C. At extreme conditions of temperature or pressure, the ideal solution model can predict a miscibility gap for a binary liquid mixture. D. All of the above are true. E. None of the above are true.
Tail flicking and tail whipping are behaviors that indicate that a reptile is _____
a. content b. playful c. ill d. agitated
Given the network in Fig. 8.90, find v(t) for t > 0.
 FIGURE 1.png)
What procedure would you use if you wanted to repair the main liquid line solenoid valve and replace the filter drier without removing the entire refrigerant charge?
A. Compressor pump down B. Discharge valve pump down C. Low side pump down D. A parcel rack pump down