Answer:
$199,047.62
Step-by-step explanation:
PV = X(1+i)^nm
X=$209000
i=5% = 0.05
n=1
m=1
Pv=$209000(1+0.05)^-1x1
Pv=$209000(1.05)^-1
Pv=$209000(1/1.05)
Pv=$209000/1.05
Pv=$199,047.62
$199,047.62 is needed to be donated for investment at 5.0% compounded annually rate for a year so as to get $209,000 at end of the year for the purpose of funding the scholarship.
5/10 *2/4
Cross out 2 and 10, divide by 2. 2/2=1 , 10/2=5
5/5*1/4= 5/20
reduce the fraction
divide by 5 for the numerator and denominator
5/5=1
20/5=4
5/10*2/4=1/4
Answer: 1/4
Step-by-step explanation:
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