Matt thinks that if Julie starts with $2, she will have $12 after 6 days. Explain what Matt is doing wrong.

Answers

Answer 1

Answer:

Julie will have $12 on the 6th day not after the 6th day.

Explanation:

Given

Day 1: $6

Required

Matt's error

First, I'll assume that Julie keeps $2 everyday.

So on the 6th day, the amount Julie will have is calculated as follows.

Amount = 6 * $2

Amount = $12

Hence, Julie will have $12 on the 6th day, not after the 6th day as Matt implies and this is what Matt is doing wrong.


Related Questions

Other Questions
The Digital Electronic Quotation System (DEQS) Corporation pays no cash dividends currently and is not expected to for the next five years. Its latest EPS was $10, all of which was reinvested in the company. The firms expected ROE for the next five years is 20% per year, and during this time it is expected to continue to reinvest all of its earnings. Starting in year 6, the firms ROE on new investments is expected to fall to 15%, and the company is expected to start paying out 40% of its earnings in cash dividends, which it will continue to do forever after. DEQSs market capitalization rate is 15% per year. a. What is your estimate of DEQSs intrinsic value per share? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Assuming its current market price is equal to its intrinsic value, what do you expect to happen to its price over the next year? (Round your dollar value to 2 decimal places.) Because there is (Click to select) , the entire return must be in (Click to select) . c. What do you expect to happen to price in the following year? (Round your dollar value to 2 decimal places.) Please help me with this 1 - Os coeficientes numricos de uma equao do 2 grau (ax + bx + c = 0), so nmeros reais representados pelas letras a, b e c. Para que uma equao do 2 grau possa existir, necessrio que o coeficiente a seja DIFERENTE de: * 1 ponto a) -2 b) -1 c) 0 d) 1 2) Usando o mtodo de Tentativa e Erro, visto na aula, qual das alternativas abaixo representa uma raiz da equao: x-5x+6=0 * 1 ponto a) x = 0 b) x = 1 c) x = 2 c) x = -2 rhetorical analysis for slapstick Describe the pathophysiology Break-even EBIT (with and without taxes). Alpha Company is looking at two different capital structures, one an all-equity firm and the other a levered firm with $ million of debt financing at % interest. The all-equity firm will have a value of $ million and shares outstanding. The levered firm will have shares outstanding. a. Find the break-even EBIT for Alpha Company using EPS if there are no corporate taxes. b. Find the break-even EBIT for Alpha Company using EPS if the corporate tax rate is %. c. What do you notice about these two break-even EBITs for Alpha Company? a. What is the break-even EBIT for Alpha Company using EPS if there are no corporate taxes? Identify the relation that is not a function. weight of an apple to the apple's cost time of day to the temperature at that time weight of a person to a person's height phone number to a person's name Solve. 100+[12{20(105)}] Which pronoun would you use if you do not want to get acquainted with someone ?vous tu Consider the reaction: C(s) + O2(g)CO2(g) Write the equilibrium constant for this reaction in terms of the equilibrium constants, Ka and Kb, for reactions a and b below: a.) C(s) + 1/2 O2(g) CO(g) Ka b.) CO(g) + 1/2 O2(g) CO2(g) Kb 602/100 into a decimal describe plz Why is 12 * 10-8 is NOT a correct representation of scientific notation? 2. Which U.S. ideals would be most attractive to potential allies?_ Find the exact value of cos A in simplest radical form. A spherical balloon has a radius of 6.95m and is filled with helium. The density of helium is 0.179 kg/m3, and the density of air is 1.29 kg/m3. The skin and structure of the balloon has a mass of 960kg . Neglect the buoyant force on the cargo volume itself. Determine the largest mass of cargo the balloon can lift. (HELP PLEASE) My loving people, We have been persuaded by some that are careful of our safety, to take heed how we commit ourselves to armed multitudes, for fear of treachery; but I assure you I do not desire to live to distrust my faithful and loving people. Let tyrants fear, I have always so behaved myself that, under God, I have placed my chiefest strength and safeguard in the loyal hearts and good-will of my subjects; and therefore I am come amongst you, as you see, at this time, not for my recreation and disport, but being resolved, in the midst and heat of the battle, to live and die amongst you all; [1] to lay down for my God, and for my kingdom, and my people, my honour and my blood, even in the dust. [2] I know I have the body but of a weak and feeble woman; but I have the heart and stomach of a king, and of a king of England too, and think foul scorn that Parma or Spain, or any prince of Europe, should dare to invade the borders of my realm; to which rather than any dishonour shall grow by me, [3] I myself will take up arms, I myself will be your general, judge, and rewarder of every one of your virtues in the field. I know already, for your forwardness you have deserved rewards and crowns; and We do assure you in the word of a prince, they shall be duly paid you. In the mean time, my lieutenant general shall be in my stead, than whom never prince commanded a more noble or worthy subject; not doubting but by your obedience to my general, by your concord in the camp, and your valour in the field, we shall shortly have a famous victory over those enemies [4] of my God, of my kingdom, and of my people.What is the primary purpose of the Queens speech?Group of answer choicesa. to defend herself against criticsb. to persuade, motivate and inspire the troops to battlec. to inform the troops of the reason for their battled. to establish herself as the leader, despite the fact that she is a woman Booher Book Stores has a beta of 1.0. The yield on a 3-month T-bill is 3% and the yield on a 10-year T-bond is 6%. The market risk premium is 4.5%, and the return on an average stock in the market last year was 10.5%. What is the estimated cost of common equity using the CAPM The product of (4z2 + 7z 8) and (z + 3) is 4z3 + z2 + z 24. A shipping company borrows $70 million at 5% p.a. compound interest to build a new cruise ship. If it repays the debt after 3 years, how much interest will the company pay? Please help me is 100 points!!!!! Which of these locations is not in the Fertile Crescent?BlackSea atalhykMESOPOTAMIAEuphratesTigrisMediterraneanSeaJerichoFertile CrescentPersian GulfOFirst townsO km400RedSeaO miles400A. Euphrates River