It's annuity problem
To solve your question use the formula of the present value of annuity ordinary which is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv present value?
PMT yearly payments 18000
R interest rate 0.09
N time 20 years
So
Pv=18,000×((1−(1+0.09)^(−20))÷(0.09))
pv=164,313.82
Answer:
i think its the 2nd one
Step-by-step explanation:
Answer: 3/5 i hope this helps god bless
Step-by-step explanation:
Answersorry
Step-by-step explanation:sorry idk