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2 years ago

What is the present value of a $1,600 payment made in five years when the discount rate is 10 percent?

Mathematics

1 answer:

Anvisha [2.4K]2 years ago

7 0

Answer:

Present value is $993.47

Step-by-step explanation:

PV = present value

Fv = future value = $1,600

Discount (i) = 10%

N = Years = 5

The formula for this is given by:

PV = FV/(1 + i)^N

PV = $1600/(1 + 0.10)^5

PV = $1600/1.1^5

PV = $1600/1.61051

PV = $993.47

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2 years ago

Whats 2+4x=5......<br> .....

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2 years ago

Solve the proportion

mario62 [17]

Answer:

$\boxed{\sf x = 5}$

Step-by-step explanation:

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2 years ago

The product of a nonzero rational number and an irrational number

mrs_skeptik [129]

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3 years ago

Read 2 more answers

For options A– E choose all of the expressions that are equivalent to 3(4x + 3).

Katen [24]

3(4x+3) = 12x + 9
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Answer: D, E

Hope This Helps✨

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2 years ago