Answer:
1.994
Step-by-step explanation:
"Percent" means "per 100" or "over 100". To convert 199.4% to a decimal rewrite 199.4 percent in terms of per 100 or over 100.
199.4% = 199.4 over 100 or,
199.4%=199.4100
199.4 over 100 is the same as 199.4 divided by 100. Completing the division we get:
199.4 ÷ 100 = 1.994
Therefore, we have shown that
199.4% = 1.994
Simplified Conversion:
Remove the percent sign % and divide by 100.
199.4 ÷ 100 = 1.994
Shortcut Conversion:
Move the decimal point 2 places to the left and remove the percent sign %
199.4% becomes 1.994
Answer:
$11040
Step-by-step explanation:
first of all the question says that $4000 were earned in a year and asks for what the new vale would be after the next 3 years with a discount rate of 8%.
If 1 year=$4000,then 3 years=$12000
100%-8%=92% (this happens because there is still a remaining amount that still has a cost to it),so 12000*92%=$11040
(1-z) can combine with other coupons
