The answer to the equation should be in cents whereas it is in dollars which would be incorrect
The cash flow in year 1 is $15.
<h3>What is the cash flow in year 1?
</h3>
A growing perpetuity increases continuously and indefinitely.
Cash flow = present value x (rate of return - growth rate)
214 x (10% - 3%)
214 x 0.07 = $15
To learn more about present value, please check: brainly.com/question/17322936
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Answer:
6m-8
Step-by-step explanation:
6m-8 I beleive this is what you're looking for
Answer:
what is her error?
Step-by-step explanation:
We can compare by converting Johnny's reading time into the same unit of Jacky's, hours.
There are 60 minutes in an hour, so use this:

15 < 20, so Johnny read faster. This is 5 pages faster per hour than Jacky.