### Ecommend that prisons be privatized

##### Reference no: EM1312230

Q1. It has been estimated that private prisons are about 10 percent cheaper, on a every prisoner basis, than public prisons. On this basis, would you recommend that prisons be privatized? If not, illustrate what other information would you require?

Q2. If a person begins saving money by depositing \$1000 now also then increases the deposit by \$500 every year through year 10, the amount that will be in the account in year 10 at an interest rate of 10% every year is?

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