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1 answer:
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Answer:
a) The present value is 688.64 $
b) The accumulated amount is 1532.60 $
Step-by-step explanation:
<u>a)</u><u> The preset value equation is given by this formula:</u>
where:
- T is the period in years (T = 10 years)
- r is the annual interest rate (r=0.08)
So we have:
Now we just need to solve this integral.
The present value is 688.64 $
<u>b)</u><u> The accumulated amount of money flow formula is:</u>
We have the same equation but whit a term that depends of τ, in our case it is 10.
So we have:
The accumulated amount is 1532.60 $
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ANSWER
Quadrant IV
EXPLANATION
The given point have the x-coordinate to be positive and the y-coordinate to be negative.
In general, the point P(x,-y) lies in the fourth quadrant.
The reason is that, this quadrant contains the positive x-axis and the negative y-axis.
See attachment for diagram.
