3. A package of 23 medicated cough drops costs $3.00. What is the unit cost (unit rate)? O $0.11 per cough drop O $1.30 per coug
1 answer:
You might be interested in
Answer:
$102,677.20
Step-by-step explanation:
The present value of an annuity due is determined by the following expression:
Where 'P' is the amount of each payment received, 'r' is the interest rate on the investment and 'n' is the number of yearly payments.
With 20 annual payments of $10,000 at a rate of 8.5%, the present value is:
The present value of your winnings is $102,677.20.