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Steve Is a Professional Web-Site Designer

question 45

Essay

Steve is a professional web-site designer. He just bought a powerful computer for $5 000. According to the existing market, he will be able to sell this computer for $1 000 three years from now. In order for Steve to get 10% internal rate of return on his computer, what annual revenue should he generate over the three-year period?


Definitions:

Moral Development

The growth of an individual's understanding of the differences between right and wrong and of how to make decisions based on ethical considerations.

Transgressions

Acts that go against a law, rule, or code of conduct; an offense.

Autobiographical Memory

A type of memory system consisting of episodes recollected from an individual's life, based on a combination of episodic (personal experiences and specific objects, people, and events experienced at particular time and place) and semantic (general knowledge and facts about the world) memory.

Specific Questions

Queries designed to elicit particular pieces of information, often narrow in focus and precise in nature.

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