Phil Just Started a New Habit of Eating Once a Week

question 40

Multiple Choice

Phil just started a new habit of eating once a week at Mr. Sub restaurants. On average, he spends about $10 per meal. Phil says, "I'm 20 years old and I plan on eating at Mr. Sub until I am 50 years old." Phil's lifetime value at Mr. Sub could be best estimated by which calculation?

• A)$10 × 50
• B)$10 × 20
• C)$10 × 52 × 50
• D)$10 × 52 × 30
• E)$10 × 52 × 20

---

Definitions:

Annual Raises

The yearly increase in salary or wage that an employee receives, often based on performance, inflation adjustment, or company policy.

Down Payment

An initial, upfront portion of the total amount due, often used in the context of purchasing a home.

Additional Money

Funds that are added to an investment or budget beyond the initial amount allocated or invested.

Lump Sum

A single payment made at a particular time, especially one involving a large amount of money, in contrast to multiple payments over time.