What is the present value of $6,000 to be received at the end of each of eight periods, assuming the first payment occurs at the
1 answer:
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Answer:
Step-by-step explanation:
You are going to integrate the following function:
(1)
furthermore, you know that:
lets call to this integral, the integral Io.
for a general form of I you have In:
furthermore you use the fact that:
by using this last expression in an iterative way you obtain the following:
(2)
with n=2s a even number
for s=1 you have n=2, that is, the function g(x). By using the equation (2) (with a = 1) you finally obtain:
There are many ways to solve simultaneous linear equations. One of my favorite for finding integer solutions is graphing. The attached graph shows the solution to be ...
... (x, y) = (4, 7)
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You can also use Cramer's Rule, or the Vedic math variation of it, which tells you the solution to
is given by
Here, that means
... x = (9·67-5·75)/(9·8-5·3) = 228/57 = 4
... y = (75·8-67·3)/57 = 399/57 = 7
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A (graphing) calculator greatly facilitates either of these approaches.
