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boyakko [2]
2 years ago
6

Calculate the present value. (Round your answer to two decimal places.)

Mathematics
1 answer:
valentinak56 [21]2 years ago
8 0

Answer:

Step-by-step explanation:

Present value formula;

(PV) = \frac{FV}{(1+r)^{n} }

FV= Future amount (A) = $30,000

r = interest rate; monthly rate in this case = 7% / 12 = 0.5833%  or 0.005833 as a decimal

n= total duration of investment (in months) in this case= 7*12 = 84 months

Next, plug in the numbers into the formula;

PV = \frac{30,000}{(1.005833)^{84} } \\ \\ =\frac{30,000}{1.62994868}

=18,405.48747

Therefore present value rounded to 2 decimal places = $18,405.49

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julia-pushkina [17]
Lets solve for both possibilities.

A. (2,4)

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-3(2)+5(4)=2(2)+3(4)
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B. (3,3)

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Neither ordered pairs work for the equation.

Answer=D
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3 years ago
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Which statement best describes a polygon? select one of the options below as your answer:
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A because polygons have a closed pane
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2 years ago
8 books cost \$19.60$19.60dollar sign, 19, point, 60.
snow_tiger [21]

Answer: C=[ (10) x (19.60)÷ (8)]

Step-by-step explanation:

Given , The cost of 8 books = $ 19.60

Then, By UNITARY method , the cost of one book = ( Cost of 8 books ) ÷ ( 8)

i.e. The cost of one book = ($19.60) ÷ ( 8) ...(i)

Now , cost of 10 books = (10) x (Cost of one book)

From (i) , we get

Cost of 10 books =$[ (10) x (19.60)÷ (8)]

Let C be the cost of 10 books ( in dollars) .

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7 0
3 years ago
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Answer:

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Step-by-step explanation:

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3 years ago
It is expected that 563 quadrillion thermal units of Btu (British thermal units) of energy will be
Evgesh-ka [11]

Answer:

the expected rate of change in consumption is 11.83

Step-by-step explanation:

The computation of the expected rate of change in consumption is shown below:

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And, the same is to be considered

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3 years ago
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