What property could be used to solve x-3=-5
1 answer:
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Answer:
discount= $94.5
Proceeds=$2605.5
Step-by-step explanation:
amount Dawin has to pay= $2700
in 6 months time
at a discount rate of 7%
here future value = $2700
D= discount before m months is given by
m= 6 months, r= 7% and FV= 2700
putting values
solving we get
D= $94.5
now present value = future value - discount
=2700-94.5= $ 2605.5
here PV(present valve )= Proceeds= $2605.5