Answer:
= $356.85
Explanation:
Here's the complete question :
What is the present value of a four-year annuity of $100 per year that makes its first payment 2 years from today if the discount rate is 9%
Present value is the sum of discounted cash flows.
Present value can be calculated using a financial calculator
Cash flow each year in year 0 and 1 = 0
Cash flow each year from year 2 to 6 = $100
I = 9%
PV = $356.85
To find the PV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
I hope my answer helps you
The own-price elasticity of the soccer cones is -0.67
The computation of the own-price elasticity of the soccer cones is as follows:
We know that
The Elasticity of demand is
= (change in quantity ÷ average quantity) ÷ (change in price ÷ average price)
Here
Change in quantity = 14 - 10 = 4
average quantity = (14 + 10) ÷ 2 = 12
change in price = 3 - 5 = -2
average price = (3 + 5) ÷ 2 = 4
So,
The Elasticity of demand is
= (4 ÷ 12) ÷ (-2 ÷ 4)
= -0.67
Therefore we can conclude that the own-price elasticity of the soccer cones is -0.67
Learn more about the price elasticity of demand here: brainly.com/question/15313354
<span>I'd call the non-emergency police number and ask them to drive by and see what was up when they had a free minute</span>
Answer:
The demand for iPads increased.
Explanation:
If they raise the price of the iPads, this must mean more people want to buy them, so the demand for them is high.