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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 6 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
In an effort to reduce childhood obesity by reducing the consumption of sugared beverages, some states have imposed taxes on soda and other soft drinks. A survey by Roland Sturm of 7300 fi fth-graders revealed that if taxes averaged 4 cents on each dollar’s worth of soda, no real difference in overall consumption was noticed. However, if taxes were increased to 18 cents on the dollar, Sturm calculated they would make asignifi cant difference. For a student who consumes 100 sodas per year, what is the future worth of the extra cost from 4 cents to 18 cents per soda? Assume the student consumes sodas from grade 5 through graduation in grade 12. Use an interest rate of 6% per year.
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