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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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If p represents the original price, which of the following expressions could be used to calculate the sale price of a shirt that
dezoksy [38]

Answer:

C & D

Step-by-step explanation:

You can do these two ways. You can multiply the cost of the the shirt by 15% (.15 as a decimal.) and then subtract that answer from the original price of the shirt to get the sales price of the shirt.

You can also multiply the price of the shirt by 85% (.85 as a decimal) and that will give you the sales price without having to subtract. 15% + 85% = 100%, so 85% represents the sales price of the shirt.

Anyway, since you multiply, you can eliminate choice A & B.

Since the direction in the question says to select all that apply, I would check both C & D.

C is the equation of the first way I talked about- Price - 15% * price

C       p - 0.15p

D is the equation of the second way I talked about. Price times 85%

D            0.85p

7 0
3 years ago
Emelina write the equation of a line in point slope form as shown below
Lynna [10]

Answer: Well, I don't see the points what are the points and I will write you the equation

4 0
3 years ago
What is the answer to 4x - 2 ˂ 26
Nat2105 [25]

Answer:

x<7

Step-by-step explanation:

The app Photomath can solve these questions for you, all you have to do is scan it and then it solves it for you! :D

3 0
3 years ago
Which of the following is the balance for a single $3,200 deposit in an account with an APR of 2.6% that compounds interest quar
Flauer [41]

Answer:

FV= 3200(1+\frac{0.026}{3})^{3(6)}=3200 (1.008667)^{54}= 50994.590

Step-by-step explanation:

For this case we can use the formula for the future value with compound interest given by:

FV= P (1+\frac{r}{n})^{nt}   (1)

For this case since the interest is compounded quarterly we have 3 periods each year, since we have 3 quarters in a year.

r represent the rate =0.026

t = 6 represent the number of years

P = 3200 represent the amount invested at the begin

If we apply the formula (1) we got:

FV= 3200(1+\frac{0.026}{3})^{3(6)}=3200 (1.008667)^{54}= 50994.590

So then the balance after 6 years would be approximately 50995 with the conditions provided.

7 0
3 years ago
Round 9.50 to the nearest whole number
vova2212 [387]
It would be 10 bc ten is the next number i guess
7 0
2 years ago
Read 2 more answers
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