Find the present value of $10000 if interest is paid at a rate of 8% per year compounded annually for 3 years?
1 answer:
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Answer:
Option D. All values of x make the equation true
Step-by-step explanation:
<u><em>The options of the question are</em></u>
a.The result is not correct because Step 2 has an error.
b.The solution is x=7.
c.No values of x make the equation true.
d.All values of x make the equation true
we have the equation
solve for x
Apply distributive property right side
Combine like terms
subtract 4x both sides
The equation has infinity solutions
.All values of x make the equation true