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jarptica [38.1K]
3 years ago
7

What is the present value of $4,900 per year at a discount rate of 10 percent if the first payment is received 6 years from now

and the last payment is received 20 years from now?
Mathematics
1 answer:
Nesterboy [21]3 years ago
4 0

Answer:

17640

Step-by-step explanation:

at a discount of 10% per year $4900 is equal to $490 per year

payment started 6 years ago from now and ended 20 years from now

therefore there is an accumulation of 26 years

for 26 years = 26 *$490= $12740

present value therefore = $4900+$12740=$ 17640

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rodikova [14]

$10.71

Explanation

Step 1

you can easily solve this by using a rule of three.

Let

x represents the money Eileen will pay if her bag weighs 63 pounds

the proportion is the same

then

\frac{7.14}{42}=\frac{x}{63}

Step 2

solve for x

\begin{gathered} \frac{7.14}{42}=\frac{x}{63} \\ 63\cdot7.14=42x \\ x=\frac{63\cdot7.14}{42} \\ x=\frac{449.82}{42} \\ x=10.71 \\  \end{gathered}

I hope this helps you

5 0
1 year ago
1. What's 7/8 as a decimal?
denpristay [2]

Answer:

0.875

Step-by-step explanation:

7/8 as a decimal is 0.875. Another was of thinking of this is the number '7' is 87.5 percent of the number '8.

5 0
3 years ago
Gina Chuez has considered starting her own custom greeting card business. With an initial start up cost of $1500, she figures it
nordsb [41]
1500 + 0.45x < 1.70x
1500 < 1.70x - 0.45x
1500 < 1.25x
1500/1.25 < x
1200 < x.....so she would have to sell 1201 cards to make a profit

8 0
4 years ago
Read 2 more answers
Please help me with this question. I will mark you brainliest. ​
solong [7]

<u>Answer:</u>

<em>Option D : $153</em>

<u>This is how I got that:</u>

9:30 AM to 1:15 PM = 3 hours and 45 minutes

The first hour charges $15 and for the remaining 2 hours and 45 minutes

Mr. Anand is charged 36$. Remember it says that each additional hour <em>or part thereof, </em>so the 2 hours and 45 minutes is considered 3 hours.

So our total for one paddle boat is <u>$51 </u>

<u />

But Mr. Anand hired <em>three</em> boats so we simply times 51 by 3 and get our solution to the problem:

<u>Mr. Anand must pay $153 or Option D</u>

<u></u>

<em>~That's All Folks~</em>

<em>-Siascon</em>

4 0
3 years ago
20. The surface areas of two similar solids are 216 m² and 1014 m². The volume of the larger one is 2197 m³. What is the volume
Andrei [34K]

Answer:

  216 m³

Step-by-step explanation:

The ratio of linear dimensions is the square root of the ratio of area dimensions.

  s = √(216/1014) = √(36/169) = 6/13

Then the ratio of volume dimensions is the cube of that. The smaller volume is ...

  v = (6/13)³·2197 m³ = 216/2197·2197 m³ = 216 m³

The volume of the smaller solid is 216 m³.

8 0
3 years ago
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