Answer:
(y-5)(y-5) or (y-5)^2
Step-by-step explanation:
Answer:
V(t) = 14,000(0.89)^t
Step-by-step explanation:
Present value of the Dodge Challenger = $14,000
Present percentage value = 100%
Depreciation value = 11%
Number of years = t
Future value = V(t)
V(t) = Present value of the Dodge Challenger(Present percentage value - Depreciation value)^t
= 14,000(100% - 11%)^t
= 14,000(89%)^t
= 14,000(0.89)^t
V(t) = 14,000(0.89)^t
It reveals the slope and a single point on the line
Answer:
The value of the annuity is $326,852.3766.
Step-by-step explanation:
Here is the required formula to find the present value of annuity:
We can find the present value of annuity:

Here:
P = $50,000
n = represents the number of number of periods
r = 0.11

PV = $326,852.3766
The value of the annuity is $326,852.3766 i.e. PV = $326,852.3766.
Keywords: discount rate, present value of annuity
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