Answer: sorry don't know no pressure right
Step-by-step explanation:
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Answer:
$81.6
Step-by-step explanation:
(1,360.00)(6%)=81.6
Using simple interest, it is found that the present value of the cash inflow is of 947.
<h3>Simple Interest</h3>
Simple interest is used when there is a single compounding per time period.
The amount of money after t years in is modeled by:
A(t) = A(0)(1 + rt)
In which:
- A(0) is the initial amount.
- r is the interest rate, as a decimal.
In this problem, the parameters are given as follows:
t = 4, r = 0.08, A(4) = 1250.
Then we solve for A(0) to find the present value.
A(t) = A(0)(1 + rt)
1250 = A(0)(1 + 0.08 x 4)
A(0) = 1250/1.32
A(0) = 947.
More can be learned about simple interest at brainly.com/question/25296782
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