On December 13,2012, you could read in The New York Times that the piano from Rick's place in the 1942 movie Casablanca is up for auction. "Sotheby's expects (it] to sell from $800,000 to $1.2 million in the auction on Friday. That is between 34 to 48 times what [Ingrid) Bergman was paid for sharing top billing with Humphrey Bogart: (R252) (a) How much was Ingrid Bergman paid for her role in the film? Calculate this two ways using the data in the quotation and comment on what you discover. (b) Would adjusting her pay to take inflation into account allow her to bid on the piano in 2012? (c) What compound interest rate would she have to have
On December 13,2012, you could read in The New York Times that the piano from Rick's place in the 1942 movie Casablanca is up for auction. "Sotheby's expects (it] to sell from $800,000 to $1.2 million in the auction on Friday. That is between 34 to 48 times what [Ingrid) Bergman was paid for sharing top billing with Humphrey Bogart: (R252) (a) How much was Ingrid Bergman paid for her role in the film? Calculate this two ways using the data in the quotation and comment on what you discover. (b) Would adjusting her pay to take inflation into account allow her to bid on the piano in 2012? (c) What compound interest rate would she have to have
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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On December 13,2012, you could read in The New York Times that the piano from Rick's place in the 1942 movie Casablanca is up for auction.
"Sotheby's expects (it] to sell from $800,000 to $1.2 million in the auction on Friday. That is between 34 to 48 times what [Ingrid) Bergman was paid for sharing top billing with Humphrey Bogart: (R252)
(a) How much was Ingrid Bergman paid for her role in the film? Calculate this two ways using the data in the quotation and comment on what you discover.
(b) Would adjusting her pay to take inflation into account allow her to bid on the piano in 2012?
(c) What compound interest rate would she have to have earned on her pay to bid on the piano in 2012?
(d) Find out what happened at the auction.
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