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He made a profit of thirty dollars
Answer: i don't see the problem
Step-by-step explanation:
Answer:
The value of the annuity is $326,852.3766.
Step-by-step explanation:
Here is the required formula to find the present value of annuity:
We can find the present value of annuity:

Here:
P = $50,000
n = represents the number of number of periods
r = 0.11

PV = $326,852.3766
The value of the annuity is $326,852.3766 i.e. PV = $326,852.3766.
Keywords: discount rate, present value of annuity
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x+y=3
+ x-y=1
2x=4
x=2
x+y=3
2+y=3
-2. -2
y=1
(2,1)