How many cups must be recycled annually to meet this goal?, Ask an Expert

Management Studies

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.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9352533

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