D. 2:3..
Ratios are basically fractions. Find a number that both numbers in the ration can divide into. In this case, it's 3. 18/3 is 6 and 27/3 is 9. but you're still not done, because 6/3 is 2 and 9/3 is 3
Answer:
the answer is 60
Step-by-step explanation:
Answer:
Present value is $993.47
Step-by-step explanation:
PV = present value
Fv = future value = $1,600
Discount (i) = 10%
N = Years = 5
The formula for this is given by:
PV = FV/(1 + i)^N
PV = $1600/(1 + 0.10)^5
PV = $1600/1.1^5
PV = $1600/1.61051
PV = $993.47
