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drek231 [11]
3 years ago
10

How much would you pay today to receive $50 in one year and $60 in the second year if you can earn 15 percent interest on altern

ative investments of similar risk? $88.85?
Mathematics
1 answer:
Andrej [43]3 years ago
4 0

The present value of an income of $60 in 2 years and $50 in 1 year at an interest rate of 15% can be computed as ...

... ($60/1.15 +$50)/1.15 = $88.85

_____

The present value (PV) of an amount (A) received 1 year from now earning annual interest rate r is ...

... PV = A/(1 +r)

For a sequence of non-uniform payments, we can work backward through the years as we did above.

You might be interested in
Oak Street and Elm Street run parallel to each other. When Main Street
kozerog [31]

Answer:

110°

Step-by-step explanation:

The consecutive interior angles theorem states that when two parallel lines are cut by a transversal, the pair of angles formed which lie inside the parallel lines  on the same side of the transversal are known as consecutive interior angles. This consecutive interior angles are supplementary (that is add up to 180°).

Therefore:

∠4 and ∠6 are consecutive interior angles. Hence:

∠4 + ∠6 = 180° (sum of co-interior angles)

∠4 + 70 = 180

∠4 = 180 - 70

∠4 = 110°

8 0
3 years ago
Read 2 more answers
Rachel runs 3.2 miles each weekday and 1.5 miles each day of the weekend. How many miles will she have run in 6 weeks?
Mandarinka [93]

Rachel will have ran 114 miles in six weeks.

There's five weekdays in a week: (3.2 x 5) = 16 miles

There's two days in a weekend: (1.5 x 2) = 3 miles

16 [weekday] + 3 [weekend] = 19 miles [7-day week]

(19 x 6) = 114 miles

Hope this helps, please mark brainliest. Have an amazing rest of your day and stay safe! xx

4 0
3 years ago
Solve for x:<br> 6x + 6 = 3x – 21
Volgvan

Answer:

x = -9

Step-by-step explanation:

6x + 6 = 3x – 21

Subtract 3x from each side

6x-3x + 6 = 3x-3x – 21

3x+6 = -21

Subtract 6 from each side

3x+6-6 = -21-6

3x = -27

Divide by 3

3x/3 = -27/3

x = -9

6 0
3 years ago
Find the absolute value:<br> 5.34 -4 2/11 0<br> -6 3/5 -2.12 8.2
earnstyle [38]

Answer:

Change the positive numbers to negative and change the negative numbers to positive.

Step-by-step explanation:

I hope this helps u! :D

6 0
3 years ago
Square root of 25/16 - square rot of 36/25
muminat
Square root of 25/16 is 5/4
square root of 36/25 is 6/5

square root of 25/16 - square root of 36/25 = 5/4 - 6/5 = (25 - 24)/20 = 1/20
8 0
3 years ago
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