Present value of the amount she will earn while on sabbatical if the interest rate is 6% is $126,964.34
The value of money reduces as time passes, this is due to the interest factor. $1 is worth more today than tomorrow this is because of the time value of money. The present value of cash flows is discounted value of future cash flows. Discount factors at a given rate of interest are used to find out the present value of cash flows.
Here, the professor will receive $70,000 every 7 years for 42 years.
Hence he will receive $70,000 sabbatical in the 7th, 14th,21st,28th,35th, and 42nd years.
We will find the present value of such receipts and add them.
R=0.06
F=$70,000
=$126,964.34
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Answer:
930.91
Step-by-step explanation:
931 x 99% = 921.69
921.69 x 101% = 930.9069
Answer: In fraction form it would be 8 1/5. In dollars and cents it would be 8.20.
Step-by-step explanation:
To find the fraction form you have to find the decimal form first so you add up the amount of pets and divide 82 by 10 which leads you to 8.2.
8.2 is already solved as dollar form so you just have to then covert it to fraction form which leads you to 8 1/5.
Tabitha Tidbits costs $7 per bag, and Figaro Flakes is $5.50 per bag.
You need to set up a system of equations. Use "x" for Tabitha Tidbits and "y" for Figaro Flakes, and let the total cost of each trip equal c. Using the equation ax+by=c, substitute the cost of each trip in for c, and the number of bags for each food for a and b respectively. The two equations will be:
3x+4y=43
3x+6y=54
Isolate x in the first equation and you will get:
x=(43-4y)/3
Substitute the above equation for x into the other equation:
3*((43-4y)/3)+6y=54
Isolate y in this equation, and you will get 11/2, which is 5.5
So the cost of one bag of Figaro Flakes is $5.50
Now substitute this into the equation where you isolated x:
(43-4(5.5))/3
You will get x=7, so a bag of Tabitha Tidbits is $7
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