This cash flow is a perpetuity. To find the present value of perpetuity, we use the equation of
Pv=C÷r
Pv=39,000÷0.058
Pv=672,413.79
1 hour =60 minutes
So the answer is 0.1 mile/ minute
<span>So the question is what is 8/32 in the simplest form. To find out we need to simplify the fraction. In this case the nominator and the denominator are both multiple of 8 so the nominator is 8=1*8 and 32=4*8 so we can write (1*8)/(4*8) and we see that we can cancel out number 8 and get 1/4 which is the simplest form of the fraction. </span>
<h3>Solution:</h3>
<h3>Answer:</h3>
Hope it helps.
Do comment if you have any query.
