Answer:
Solve to get <em>y</em> by itself
multiple the denominator on both sides [It cancels on the side that has the denominator in the first place]
mx=y
It would be 243 because it saids all-together the number if figurines Mike and Alex. 186+57=243
Future value = FV = $6000
Time period = n = 8
interest rate = r = 12%
Present value (PV) is calculated using the formula:
PV = FV/(1+r)n
Present Value = PV = 6000/(1+12%)8 = 6000/1.128 = 2423.299368
Answer -> 2,423
The answer is B. An easy way to check is to use "Math-way". Just plug in a number for n and solve!
Hope this helps!