Answer:
PV= $40,279.36
Step-by-step explanation:
Giving the following information:
Number of periods= 8*12= 96 months
Interest rate= 0.039/12= 0.00325
Future value (PV)= $55,000
<u>To calculate the initial investment, we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= 55,000 / (1.00325^96)
PV= $40,279.36
Im a bit rusty but i believe the characters are 数学(translates to "Mathematics") and is pronounced "shuxue"
2 3/4 divided by 7=0.39285714285
Answer:
5/72 & -13/72
Step-by-step explanation:
5/72 & -13/72
Answer:
4.0217391 %
Step-by-step explanation:
The original prices times the tax rate is equal to the tax
460 * tax rate = 18.50
Divide each side by 460
tax rate = 18.50/460
tax rate =.040217391
writing as a percent ( multiply by 100)
4.0217391 %
