We can calculate it by PVOA table.
PVOA means present value of an ordinary annuity.
PMT = $350
PMT means recurring payment.
time = 5 years and interest rate is 4%
So n = 5 and i = 4%
So we can calculate PVOA as
PVOA = PMT times (PVOA factor for n = 5 and i = 4%)
(PVOA factor PVOA table)
So present value is $1558.2
i think its 50 im not completley for sure though
Answer:
1
Step-by-step explanation:
he cant earn 400 dollars because 8*40 is 320. if he cant work more than eight hours, theres no possible way he can earn 400 dollars ('least in a math equation).
Answer:
box on top = 15
box on the bottom = 16
The fractions are <u>not</u> the same
==================================================
Explanation:
We multiply the 3 by 5 to get 3*15 = 15
We also multiply the 8 by 2 to get 8*2 = 16
So this is what you could have as your steps
The fractions 3/8 and 15/16 are not the same. We can use a calculator to get these decimal values
3/8 = 0.3750
15/16 = 0.9375
We see that 15/16 is much bigger than 3/8.
----------------
Here's another way to show they aren't the same. For now assume they are equal. We'll show a contradiction happens later.
3/8 = 15/16
3*16 = 8*15
48 = 120
We end up with a contradiction since we get differing values on either side. The false equation at the end means the original equation is false too.