By definition present value is
2 answers:
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Using substitution:
first you have to express one variable in terms of the other, in this we can express y in terms of x:
Since both expressions are equal to y, you have to equal both expressions like this:
Now you can solve the equation:
Knowing x=10, you can use any of the expressions we found before to find y. In this case I'm going to use y= -x+9 because it's simpler but boy should give you the same result
So, the answer is x=10 and y=-1
first you have to express one variable in terms of the other, in this we can express y in terms of x:
Since both expressions are equal to y, you have to equal both expressions like this:
Now you can solve the equation:
Knowing x=10, you can use any of the expressions we found before to find y. In this case I'm going to use y= -x+9 because it's simpler but boy should give you the same result
So, the answer is x=10 and y=-1