Answer:
and?
Step-by-step explanation:
What? Can you attach a photo?
Answer:
1% of 4000 + 4% of B = 2% of (4000 + B)
40 + 0.04*B = 0.02( 4000 + B)
40 + 0.04* B = 80 + 0.02*B
40 + 0.04*B - 80 - 0.02B = 0
0.02*B - 40 = 0
0.02*B = 40
2B = 4000
B = 2000
Step-by-step explanation:
The present value of the investment is $6000.
According to the statement
Principal amount = $500
and Return amount = 10.5%
Time period = 20 years.
Now we find the present value of money then
By the formula
PV = P[1-(1+r)^n]/r
PV = 500[1-(1+0.10)^20]/0.10
PV = 6000
So, The present value of the investment is $6000.
Learn more about Return Amount here brainly.com/question/2456547
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