1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Katyanochek1 [597]
3 years ago
7

If the interest rate is 10%, what is the present value of a security that pays you $1,100 next year, $1,210 the year after, and

$1,331 the year after that?
Mathematics
1 answer:
ANTONII [103]3 years ago
4 0

Answer:

Present value = $3,000

Step-by-step explanation:

Given:

Interest rate = 10%

Security pays = $1,100 next year, $1,210 the year after, and $1,331

Find:

Present value

Computation:

Present value = 1,100/(1 + 0.10) + 1,210/(1 + 0.10)² + $1,331/(1 + 0.10)³

Present value = 1,100/(1.10) + 1,210/1.21 + $1,331/1.331

Present value = $3,000

You might be interested in
What is the approximate percent increase when the population of a town increases from 12,089 to 15,025? Round the population amo
Travka [436]
The answer is  24.17%

6 0
3 years ago
Read 2 more answers
Solve the equation and show each step:<br> 25 - 4x = 15 - 3x + 10 - X
dimulka [17.4K]

Answer:

All real numbers.

Step-by-step explanation:

25-4x=15-3x+10-x

25-4x-(-3x)-(-x)=15+10

25-4x+3x+x=25

25-x+x=25

25=25

3 0
2 years ago
Dave is on a kayaking trip. On the first day, he travels 15 miles. On the second day, he travels 35 miles and the third day he r
zubka84 [21]

Answer:

30 miles

Step-by-step explanation:

average= sum of miles ÷ days to cover = 30

HOPE IT HELPS

5 0
2 years ago
Reciprocal of 12 by 15 is​
romanna [79]

the reciprocal is 15 by 12

5 0
2 years ago
Twenty less than 8 times a number is the same as 15 more than the number.
Nezavi [6.7K]
X-number
8x-20=15+x (subtract x)
7x-20=15 (then add 20)
7x=35 (then divide by 7)

I think you've got it from now, if not, just do 35 divided by 7. But go over the steps, so that you know how to do these types of questions.






7 0
2 years ago
Read 2 more answers
Other questions:
  • Is it possible to divide 15 by a mixed number an get a quotient greater than 15
    15·2 answers
  • Could someone explain how to do the sale tax??
    8·1 answer
  • If anyone can give an explanation with how to do this it would be nice, the modules on this homework application aren't cutting
    14·1 answer
  • HELP PLEASE THIS IS EASY as 2+2=?)))))))) help please
    7·1 answer
  • I need help with this question
    8·2 answers
  • If Jim drove 5 miles to work. Kari drove 3 times as many miles as Jim. Sondra drove 4 times as many miles as Kari. How many more
    9·2 answers
  • I NEED HELP QUICKLY... The Student Council is selling raffle tickets to raise money for the Winter Dance. They have a total of 2
    15·2 answers
  • Find the slope of line passing through the points (6, 2) and (6, -3)
    14·1 answer
  • Please help, brainliest for correct answer
    6·1 answer
  • 8) What are the measures of angles x, y, and z?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!