Use the Following to Answer the Question :
Table: Excel

question 250

Multiple Choice

Use the following to answer the question :
Table: Excel Company Survey $$\begin{array} { l c } \hline \text { Consumer } & \begin{array} { c } \text { Maximum willingness to pay } \\\text { for Excel personal computers (\$) }\end{array} \\\hline \text { Adam } & 1,459 \\\text { Sheera } & 1,320 \\\text { Orko } & 1,201 \\\text { Juliet } & 1,165 \\\hline\end{array}$$
-(Table: Excel Company Survey) The table shows the results of Excel Company's market survey. If the market price of Excel computers is $1,200 each, how much total consumer surplus (in $) are the four consumers earning?

• A) $380
• B) $415
• C) $345
• D) $5,145

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Definitions:

Equal Annual Deposits

Regular payments of the same amount made into an account or investment annually.

Semiannual Deposits

Semiannual deposits refer to money deposits made twice a year into a financial account or investment.

Compound Interest

Interest that is computed on both the initial principal amount and the interest that has been added to that principal from past periods of a deposit or loan.

Annual Rate

The interest rate for a period of one year, often used to compare the annual interest between different investments or loans.