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Yanka [14]
4 years ago
7

describe how to find the price of a blender 3 years from now the inflation is constant at 4% and the the blender costs 38$ today

Mathematics
1 answer:
Ludmilka [50]4 years ago
5 0
FV =  PV / (1 +r)^n

Where FV = Future Value,  PV = Present Value, r = inflation rate in %,
n = number of years.

PV = $38, r = 4%, n = 3 years.

FV =    38 / (1 + 4%)^3

      =   38 / (1 + 0.04)^3

      =     38 / (1.04)^3 =    33.782

Hence the value 3 years from now = $33.78    
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As compared to its first year of operation, ABC Company grew 8% in the second year and an additional 2% per year for the next tw
g100num [7]
<span>First year sale = 150 000 dollars,
Then it grew 8% for the second years, and 2% each year for the next 2 years.
Total growth from 2-4 years increase is 45 000 dollars
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Hi!

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The answer is; second, fourth and fifth number lines.

<em></em>

<em>I hope, I could help.</em>

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balu736 [363]

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