It’s BD because it need to be the opposite ray and this one is the opposite ray so yes this is it
Answer:
0.04409 quarter
Step-by-step explanation:
The answer is D.
Have a great day!
We are given with the following:
Effective annual interest, i = 0.0425
Future worth, F = $25000
Number of years, n = 18
We use the formula to solve for the present worth of the money:
P = F / (1 + i)^n
P = 25000 / (1 + 0.0425)^18
P = 11818.73
The closest answer is:
<span>b.
$11,820</span>
