Answer:
The present value of the fund=$25,939.66
Step-by-step explanation:
Step 1
Determine the future value of the fund as shown;
Future value(F.V)=payment amounts per year×number of years
where;
payment amounts per year=$10,000
number of years=6
replacing;
Future value (F.V)=(10,000×6)=60,000
Future value (F.V)=$60,000
Step 2
Determine the present value (P.V) of the fund as shown;
F.V=P.V(1+r)^n
where;
F.V=future value
P.V=present value
r=annual interest rate
n=number of years
In our case;
F.V=$60,000
P.V=unknown
r=15%=15/100=0.15
n=6
replacing;
60,000=P.V(1+0.15)^6
60,000=P.V(1.15)^6
P.V=60,000/{(1.15)^6}
P.V=25,939.66
The present value of the fund=$25,939.66
32 times bc emma skydived 16 times and it says sue sky dived 2 ×
Nico so you would divide 16 ÷ 2 and get 8 then it says gus has skydived 4 times more than nico so you do 8 × 4 and get 32 as your answer
Answer: D
Step-by-step explanation:
The question said the quotient of 61 and a number so that mean division.
