an engineering student is deciding whether to buy two 1semester parking permits

Question

an engineering student is deciding whether to buy two 1semester parking permits or 1 annual permit. annual permit cost = $125 and is due august 20th semester permit cost = $75th and is due august 20th andjanuary 20th what is the rate of return for the incremental annualpermit? please explain an engineering student is deciding whether to buy two 1semester parking permits or 1 annual permit. annual permit cost = $125 and is due august 20th semester permit cost = $75th and is due august 20th andjanuary 20th what is the rate of return for the incremental annualpermit? please explain

Explanation / Answer

0.2 (or) 20%

Annual Permit Cost $125 1 Semester permit cost $75 2 Semester Permit Cost ($75 * 2) $150 Rate of return for the incremental annualpermit

0.2 (or) 20%

($150 - $125 = $25) [$25 / $125 = 0.2] Rate of return for theincremental annual permit = 20%

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