Answer:
$387,336.64 1
Step-by-step explanation:
The computation of the amount invested now is shown below:
Here we use the present value formula i.e. to be shown in the spreadsheet
Given that,
Future value = $0
Rate of interest = 6% ÷ 12 months = 0.5%
NPER = 20 years × 12 months = 240 months
PMT = $2,775
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the present value is $387,336.64 1
Answer:
17,725/14.
Step-by-step explanation:
Let's say that the blank is represented by x.
Since the question asks what is 16.8% of x, we can set up a proportion where 16.8 out of 100 is equivalent to 212.7 out of x. The 100 represents the "whole" number, which corresponds to x. The 212.7 IS the 16.8 of x.
16.8 * x = 212.7 * 100
16.8x = 21,270
x = 21,270 / 16.8
x = 212,700 / 168
x = 17,725 / 14 = 1,266.071429
To check our work, 1,266.071429 * 0.168 = 212.7.
Hope this helps!