My question is: John joins a country club with 3 other members of his family. The fee to join is $4000 per person. There is also a monthly cost of $1000 per person. John pays half the cost. How much does John pay for the first year? Your thoughts:
There are 3 + 1 = 4 members joining. So the cost is 4 * 4000 = $16,000 to join. The monthly fee comes out to 1000 * 12 = $12,000 per person per year. So that is 12000 * 4 = $48,000. So the total cost is 16,000 + 48,000 = $64,000. So John pays 64000 / 2 = $32,000. The final answer: 32000.