to expand your business, you hire a banker to raise $1 mm in order to finance a building designed by an…

to expand your business, you hire a banker to raise $1 mm in order to finance a building designed by an architect. you also hire an attorney for 10 hours, and a computer programmer for 16 hours. what is the total cost for these services?\ncomputer programmer $100/hour architect $12,000 flat fee\nattorney $225/hour banker 2% of capital raised

to expand your business, you hire a banker to raise $1 mm in order to finance a building designed by an architect. you also hire an attorney for 10 hours, and a computer programmer for 16 hours. what is the total cost for these services?\ncomputer programmer $100/hour architect $12,000 flat fee\nattorney $225/hour banker 2% of capital raised

Answer

Explanation:

Step1: Calculate banker cost

$1000000\times 0.02 = 20000$

Step2: Calculate attorney cost

$225\times10 = 2250$

Step3: Calculate programmer cost

$100\times16 = 1600$

Step4: Calculate total cost

$20000 + 2250+1600 + 12000=35850$

Answer:

$35850$