Answer:
17155
Step-by-step explanation:
23500-27%-17155
To the nearest hundred: 17200.
The present value of the investment is $6000.
According to the statement
Principal amount = $500
and Return amount = 10.5%
Time period = 20 years.
Now we find the present value of money then
By the formula
PV = P[1-(1+r)^n]/r
PV = 500[1-(1+0.10)^20]/0.10
PV = 6000
So, The present value of the investment is $6000.
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Answer:
usub from where
Step-by-step explanation:
Answer:
step one!
Step-by-step explanation:
I could be wrong, let me know!