1. Crayfishing Simulation www.mathxtc.com

2. 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)

3. Crayfishing Simulation Good Weather: $60 / pot Bad Weather: $20 / pot Good Weather: $200 / pot Bad Weather: $−50 / pot

4. Crayfishing Simulation 123456 Weather Die Same as day before Good Weather Bad Weather

5. 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.

6. Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance 1209500 2

7. Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance 1209500 2 ×1.11 =10545

8. Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance 120950010545 2 10 Good10 × 60 + 10 × 200 = 2600

9. Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance 12010 Good2600950010545 2 1000 --- 1600

10. Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance 12010 Good26001000 --- 9500105451600 2  1000 9545×1.11 =10595

11. Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance 12010 Good26001000 --- 9500105451600 220954510595 515Good5 × 60 + 15 × 200 = 3300

12. Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance 12010 Good26001000 --- 9500105451600 220515Good3300954510595 3000 --- 1900

13. Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance 12010 Good26001000 --- 9500105451600 220515Good33003000---9545105951900 320  3000 7595×1.11 =8430

14. Crayfishing Simulation DayPotsInOutWeatherWorkingBank Payment Plants Buy/Sell DebtDebt +11% Credit Balance 12010 Good26001000 --- 9500105451600 220515Good33003000---9545105951900 32075958430

15. Crayfishing Simulation