Jake hessman controls 10 million barrels of oil beneath his properties. he decides how much to pump and when to pump it. for simplicity, assume hessman's choice is between pumping oil now or in 10 years hessman confidently forecasts that the price of oil will be $130 per barrel in 10 years. assume the annual interest rate is 10 percent. number what is the present value of the $130 price of oil 10 years from now? (round to the nearest dollar.) assume that the price of oil grows at a constant rate over the 10 years. for each of the following prices of oil now, indicate whether hessman pumps all his oil now, pumps allhis oil in 10 years, or spreads out his oil production over all ten years. (drag each price into a bin.) pump all oil now pump all oil in 10 years pump every year $60 $70 $100 $130 $40 $50

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer; the inspector may have found some violation that could cause death or some kind of serious injury;

answer; the coefficient of determination;

i would prefer to go with the news article for nate, its recent and updated and stores a lot of information