Answer:
It would be 14.1
Step-by-step explanation:
6% of 14 is 0.9, so subtracting that from 15 would leave you with 14.1
Ratios don't have to be "per" something, while rates are "per" something.
Ratios compare 2 or more values, as well as rates.
When estimating, compatible numbers are numbers that are close in value to the actual numbers, and which make it easy to do mental arithmetic.
The present value of the investment is $6000.
According to the statement
Principal amount = $500
and Return amount = 10.5%
Time period = 20 years.
Now we find the present value of money then
By the formula
PV = P[1-(1+r)^n]/r
PV = 500[1-(1+0.10)^20]/0.10
PV = 6000
So, The present value of the investment is $6000.
Learn more about Return Amount here brainly.com/question/2456547
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