Tag: Future Value

You rent a booth in Christina Mall to sell cell phone covers. You order the covers from a ware house for $28 a dozen (12 pieces). The average selling price for the covers is $9.98. You have to pay $3200 for the monthly rent and $200 administration fee every month. You also need to pay a sales person commission $1.2 per cover sold. Please calculachote your monthly Break Even Point.

Finance by Geoffrey0 comments

Solve problems by finding and using the Future Value, annunity table, and Present Value tables and show your solution process […]