How many cups must be recycled annually to meet the goal

Reference no: EM13189993

You work for a large company that recycles plastic drinking cups used by workers. The company wishes to generate $5 million by the end of the recycle program's 5 years life ($1,000,000 per year). Each recycled cup is sold for one-half cent.
a) How many cups must be recycled annually to meet this goal? The number of cups is the same year to year and the interest rate use 0%.
b) Same as (a) above except the annual interest rate is 15%.
c) Explain why the answers are different.

Reference no: EM13189993

Questions Cloud

What range of payments will the farmer accept : What are the highest and lowest payments from the writer that the beekeeper-farmer team will accept for the sixth day Assuming that the farmer can dispose of the $7 from the writer as she wishes, what range of payments will the beekeeper accept

Find the equation of the tangent line : sketch the underlying curve and then indicate the trajectory direction and starting & ending points.

Foreign policy changed between 1877 and end of world war i : Discuss how American foreign policy changed between 1877 and the end of World War I, by identifying and explaining three factors that encouraged Americans to expand global relations, such as, but not limited to, labor relations, an expanding federal ..

How far is it from her home to the repair shop : Connie walks from her home to the bicycle repair shop at 6km/h and then bikes home at 20km/h. If the total traveling time is 39 minutes, how far is it from her home to the repair shop?

How many cups must be recycled annually to meet the goal : You work for a large company that recycles plastic drinking cups used by workers. The company wishes to generate $5 million by the end of the recycle program's 5 years life ($1,000,000 per year). Each recycled cup is sold for one-half cent. a) How..

What is the maximum monthly mortgage loan payment : A bank will only give a mortgage loan if the total amount of monthly payments for all loans, including the mortgage, is no more than 36% of the monthly gross income. What is the maximum monthly mortgage loan payment for which Shawn can be approved..

What is the water level above the table : A glass box measures 7 X 12 X 18 cm and is closed on all six sides. It is partially filled with colored water. When the box is placed on one of its 7 X 12 sides, the water level is 15 cm above the table. If the box is placed on one of its 7 X 18 s..

Define what is the molar composition of the dense gas : What is the molar composition of the dense gas and it's chemical formula? What is the element name and identity and atomic mass of the grey substance

How much did the investor withdraw at the end of year 8 : A careful investor saved $1,200 each year for 20 years. One year after the savings period ended, the investor withdrew $7,500 each year for a period of 5 years. In the sixth and seventh year, the investor withdrew $4,500 each of those years.

User Account

All Pages