Use the unit circle to find the inverse function value in degrees sin^-1
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The concept of present value lets us know that the doggy estate worth in today's dollars is $180614.80
<h3>What is the present value of the doggy estate worth?</h3>The concept of present value is significant because it enables investors to determine whether the amount they pay for an investment is reasonable. The present value of a future cash flow defines how much it is worth in today's value.
From the given information:
- The annual cashflow C = $20,000
- Interest rate (i) = 4.2% = 0.042
- Number of period (n) = 11
Thus, the present value of the doggy estate can be calculated by using the formula;
PV = $180614.80
Learn more about how to calculate the Present value here: