mathxtc
DESCRIPTION
www.mathxtc.com. Objective : To make as much money as possible over 14 days. Start With : 2 plants (each plant cost $4500) 1 plant = 1 boat + 10 pots. Bank Loan : $9500 from the Corcoran Bank (2 plants + $500 loan application fee). - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/1.jpg)
Crayfishing Simulation
www.mathxtc.com
![Page 2: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/2.jpg)
Crayfishing Simulation
Objective: To make as much money as possible over 14 days.
Start With: 2 plants (each plant cost $4500)
1 plant = 1 boat + 10 pots
Bank Loan: $9500 from the Corcoran Bank (2 plants + $500 loan application fee)
![Page 3: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/3.jpg)
Crayfishing Simulation
FX Draw
Bay of MathXTC
Pots In
Pots OutIndian Ocean
Good Weather: $60 / potBad Weather: $20 / pot
Good Weather: $200 / potBad Weather: $−50 / pot
![Page 4: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/4.jpg)
Crayfishing Simulation
1 2 3 4 5 6
Weather Die
Same as day before
Good Weather
Bad Weather
![Page 5: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/5.jpg)
Crayfishing Simulation
Corcoran Bank Conditions, Fees and Charges
• Minimum repayments of $500 per day.• Interest on loan is charged at 11% per day calculated in advance.• Application fee of $500 applies to any loan.
• Assets (plants and bank balance) must be used or sold to meet the repayments.• All plants to be sold at the end of 14 days. Each plant sells for $3000.• Total assets = plants + bank balance.
![Page 6: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/6.jpg)
Crayfishing Simulation
Day Pots In Out Weather Working Bank Payment
Plants Buy/Sell
Debt Debt +11%
Credit Balance
1 20 9500
2
![Page 7: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/7.jpg)
Crayfishing Simulation
Day Pots In Out Weather Working Bank Payment
Plants Buy/Sell
Debt Debt +11%
Credit Balance
1 20 9500
2
×1.11
=10545
![Page 8: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/8.jpg)
Crayfishing Simulation
Day Pots In Out Weather Working Bank Payment
Plants Buy/Sell
Debt Debt +11%
Credit Balance
1 20 9500 10545
2
10 10 Good 10 × 60+
10 × 200= 2600
![Page 9: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/9.jpg)
Crayfishing Simulation
Day Pots In Out Weather Working Bank Payment
Plants Buy/Sell
Debt Debt +11%
Credit Balance
1 20 10 10 Good 2600 9500 10545
2
1000 --- 1600
![Page 10: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/10.jpg)
Crayfishing Simulation
Day Pots In Out Weather Working Bank Payment
Plants Buy/Sell
Debt Debt +11%
Credit Balance
1 20 10 10 Good 2600 1000 --- 9500 10545 1600
2
1000
9545 ×1.11
=10595
![Page 11: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/11.jpg)
Crayfishing Simulation
Day Pots In Out Weather Working Bank Payment
Plants Buy/Sell
Debt Debt +11%
Credit Balance
1 20 10 10 Good 2600 1000 --- 9500 10545 1600
2 20 9545 10595 5 15 Good 5 × 60+
15 × 200= 3300
![Page 12: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/12.jpg)
Crayfishing Simulation
Day Pots In Out Weather Working Bank Payment
Plants Buy/Sell
Debt Debt +11%
Credit Balance
1 20 10 10 Good 2600 1000 --- 9500 10545 1600
2 20 5 15 Good 3300 9545 105953000 --- 1900
![Page 13: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/13.jpg)
Crayfishing Simulation
Day Pots In Out Weather Working Bank Payment
Plants Buy/Sell
Debt Debt +11%
Credit Balance
1 20 10 10 Good 2600 1000 --- 9500 10545 1600
2 20 5 15 Good 3300 3000 --- 9545 10595 1900
3 20
3000
7595 ×1.11
=8430
![Page 14: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/14.jpg)
Crayfishing Simulation
Day Pots In Out Weather Working Bank Payment
Plants Buy/Sell
Debt Debt +11%
Credit Balance
1 20 10 10 Good 2600 1000 --- 9500 10545 1600
2 20 5 15 Good 3300 3000 --- 9545 10595 1900
3 20 7595 8430
![Page 15: mathxtc](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813e7c550346895da8a726/html5/thumbnails/15.jpg)
Crayfishing Simulation