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
All real numbers.
25-4x=15-3x+10-x
25-4x-(-3x)-(-x)=15+10
25-4x+3x+x=25
25-x+x=25
25=25
30 miles
average= sum of miles ÷ days to cover = 30
HOPE IT HELPS
the reciprocal is 15 by 12