Can someone solve this for me pls¿
1 answer:
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Answer:
cost is $4183.87
Step-by-step explanation:
given data
time t = 5 year
amount A = $1000
rate r = 6.25 % = 0.0625
to find out
how much it will cost
solution
we will apply here formula for present value of annuity that is express as
present value = amount × ....................1
put here all these value we get cost we will pay
present value = amount ×
present value = 1000 ×
present value = 4183.869221
so cost is $4183.87
Answer:
n = 16
Step-by-step explanation:
Given the expression;
If
Applying this to the question;
2⁴⁴= n
16 = n
Swap'
n = 16
Hence the value of n is 16