Homework answers / question archive / IT IS 2 DIFFERENT SUBJECTS HERE: 1)How does social class influence sport participation patters? 2) What groups are identified as the people with power in sport today?  3) Describe the ways in which social class impacts sport spectatorship today

IT IS 2 DIFFERENT SUBJECTS HERE: 1)How does social class influence sport participation patters? 2) What groups are identified as the people with power in sport today?  3) Describe the ways in which social class impacts sport spectatorship today

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IT IS 2 DIFFERENT SUBJECTS HERE:

1)How does social class influence sport participation patters?

2) What groups are identified as the people with power in sport today? 

3) Describe the ways in which social class impacts sport spectatorship today.

4) Describe conditions in which sport is most likely AND least likely to lead to upward social mobility.

Question 1:

In 2018, one of the first copper pennies ever struck at the Philadelphia mint in 1793 was sold for $300,000.  What was the rate of return to the family that saved this penny from when it was issued until it was auctioned?  

Question 2:

You expect to receive $30,000 as a graduation present.  You plan on in vesting it at 7% (compounded annually) until you have $125,000.  How long will you have to wait from graduation?  

Question 3:

You have $20,000 you want to invest for the next 40 years.  You are offered two investment plans.  The first pays you 6% interest (compounded annually) for the first twenty years and then pays you 10% interest (compounded annually) for the next twenty years.  The second pays you 10% interest (compounded annually) for the first twenty years and then pays you 6% interest (compounded annually) for the next twenty years.  How much will you have under each plan?  Which do you prefer?