QUESTION 3 Suppose an airline ticket from Portland to Orlando costs \( \$ 760 \). A bus ticket costs \( \$ 360 \). Traveling by plane will take hours, compared with 26 hours by bus. Other things constant, the minimum value of one's time that would induce a rational individual to fly rather than drive would be a. \( \$ 44 \) per hour. b. \( \$ 38 \) per hour. c. \( \$ 20 \) per hour. d. \( \$ 18 \) per hour.

Suppose you want to have \( \$ 700,000 \) for retirement in 25 years. Your account earns \( 4 \% \) interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn?

Question 28 In which one of the following scenarios would the person be ineligible or disqualified from being the director of a company in terms of the companies act? A. Clark Wentzel, a rehabilitated insolvent individual, has been appointed as the Managing Director of Wing It Transport (Pty) Ltd. B. The shareholders of Avocado Cutlery (Pty) Ltd have decided to appoint Avocado Cutlery (Pty) Ltd as one of its own directors. C. Gus Jung was released from prison 20 years ago and has been appointed as a director of Free- Your-Mind (Pty) Ltd. D. Stephany Spielberg is 18 years of age and has opened her own registered private company, of which she is the director.

Find the final hourly wage if a \( \$ 9.00 \) starting wage is increased by \( 4.5 \% \) each year for 8 years.

Phil is shopping for an annuity that guarantees he CANNOT outlive the benefits. Which of these benefit options would he choose?Accelerated lifetime benefitGuaranteed lifetime withdrawal benefitRight of income riderGuaranteed minimum accumulation benefit

The original price of a tablet was \( \$ 550 \). During a sale, Melvin was given a 30\% discount for the tablet. How much did he pay for the tablet?