answer:
Present value (PV) is an accounting term meaning the value today of some amount of money expected to be available one or more years in the future. ... In this formula, PV stands for present value, namely right now, in the year of analysis.
Day 1 and Day 3 his score add up to zero.
Day 2 and Day 4 his score add up to zero.
Answer:
b is correct
Step-by-step explanation:
Answer: he should invest $16129 today.
Step-by-step explanation:
Let $P represent the initial amount that should be invested today. It means that principal,
P = $P
It would be compounded annually. This means that it would be compounded once in a year. So
n = 1
The rate at which the principal would be compounded is 7.6%. So
r = 7.6/100 = 0.076
The duration of the investment would be 6 years. So
t = 6
The formula for compound interest is
A = P(1+r/n)^nt
A = total amount in the account at the end of t years.
A = 25000
Therefore
25000 = P(1+0.076/1)^1×6
25000 = P(1.076)^6
25000 = 1.55P
P = 25000/1.55
P = $16129
Answer:
a) Junnie walked farther than Maurice
b) Junnie walked .62 miles farther than Maurice
Step-by-step explanation: Because speed times time equals distance, to find how far each person traveled you multiply their speed and time.
Distance=speed×time
Junnie:
2.5hrs×3.2mph=8 miles
Maurice:
1.8hrs×4.1mph=7.38 miles
8-7.38=.62 (the difference between the two)
