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.
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Answer:
1608
Step-by-step explanation:
Answer:
36 sq. cm
Step-by-step explanation:
triangle area= 0.5 * 12* 10
rectangle are= 8* 3
60 - 24 = 36
Step-by-step explanation:
problem → 2^x = 4, solve for x
⇒2^x=4
⇒2^x=2^2
⇒x=2