Use the present value formula to solve the problem.How much money would you have to invest at 10% compounded monthly so that the total investment had a value of $1214.70 after one year. Round to the nearest cent.

A. $1440.14
B. $1145.39
C. $1538.39
D. $1341.89


Answer: D

Mathematics

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A.  = 
B.  = 
C.  = 
D.  = 

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Solve the problem.The Acme Class Ring Company designs and sells two types of rings: the VIP and the SST. They can produce up to 24 rings each day using up to 60 total man-hours of labor. It takes 3 man-hours to make one VIP ring and 2 man-hours to make one SST ring. How many of each type of ring should be made daily to maximize the company's profit, if the profit on a VIP ring is $40 and on an SST ring is $35?

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