Question

Sammy has in a Knooty that pays 9600 at the beginning of each year. Assume the cameo garage rate of 3.1% annually. What is the value of that and nudity if you received it now instead of over a period of 10 years

Answer 1

9,600= 100%

3.1%=100-103.1%

(103.1*9600)/100
9,897.6— this is for one year

9,897.6*10=98,976