2 years ago

Help me out with this question pla

Mathematics

1 answer:

denis-greek [22]2 years ago

3 0

P <span>≤ </span>450$ Rebecca can only pay equal to 450$ or less than 450$ so she can only afford A and B

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Maria Addai has been offered a future payment of $990 two years from now. If she can earn 8.2 percent compounded annually on her

IgorLugansk [536]

Answer:

845.6306

Step-by-step explanation:

Firstly this is annuity based

Let, investment at beginning of year = <em>x</em>

Then value at year 1 end = x + (8.2% $\times$ x)

Value at end of year 2 = (x + 0.082x) + (8.2% $\times$ (x + 0.082x))

Now this value = $990

Therefore,

990 = (x + 0.082x) + ((x + 0.082x) $\times$ 8.2%)

990 = x + 0.082x + 0.082x + 0.006724x = 1.170724x

x = 990/1.170724 = 845.6306

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You can use the regrouping

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