How many cups must be recycled annually to meet the goal


Problem

Qwest Airlines has implemented a program to recycle all plastic drink cups used on their aircraft. Their goal is to generate $5 million by the end of the recycle program's five-year life. Each recycled cup can be sold for $0.005 (1/2 cent).

a. How many cups must be recycled annually to meet this goal? Assume uniform annual plastic cup usage and a 0% interest rate.

b. Repeat Part (a) when the annual interest rate is 15%.

c. Why is the answer to Part (b) less than the answer to Part (a)?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How many cups must be recycled annually to meet the goal
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