The present value of the investment is $6000.
According to the statement
Principal amount = $500
and Return amount = 10.5%
Time period = 20 years.
Now we find the present value of money then
By the formula
PV = P[1-(1+r)^n]/r
PV = 500[1-(1+0.10)^20]/0.10
PV = 6000
So, The present value of the investment is $6000.
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Answer:
Yurrrrrrrrrrrrrrrrrrrrrrr
Step-by-step explanation:
Who got the answer to the homework
Answer:
1.09
Step-by-step explanation:
3250 x 1.09 = £3542.50
Answer:
4 dozens
Step-by-step explanation:
<em>Find Eleanor and Joanna's ratio of eggs to milk</em>
Eleanor:
<em>Dozen eggs : gallons of milk</em>
9 : 3
3 : 1
Joanna:
<em>Dozen eggs : gallons of milk</em>
2 : 2
1 : 1
<em>They gather one gallon of milk each which means Joanna has 1 dozen eggs and Eleanor has 3 dozens of eggs.</em>
Total dozen of eggs = 3 + 1 = 4
Therefore, total dozen of eggs the family have per week is 4 dozens.