You multiply the number by itself however many times it says for example 2 to the second power 2x2 is 4
Answer:
We conclude that its value change for 277.8$.
Step-by-step explanation:
We know that a perpetuity pays $50 per year and interest rates are 9 percent. We calculate how much would its value change if interest rates decreased to 6 percent. We know that
9%=0.09
6%=0.06
We get
\frac{50}{0.09}=555.5
\frac{50}{0.06}=833.3
Therefore, we get 833.3-555.5=277.8
We conclude that its value change for 277.8$.
$11 an hour, because 82.5/7.5=11
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