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lisov135 [29]
3 years ago
12

Which property is illustrated by the equation –8 + 8 = 0?

Mathematics
1 answer:
ycow [4]3 years ago
6 0
The property additive inverse is illustrated in this equation.
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What is the present value of a $1,600 payment made in five years when the discount rate is 10 percent?
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Answer:

Present value is $993.47

Step-by-step explanation:

PV = present value

Fv = future value = $1,600

Discount (i) = 10%

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The formula for this is given by:

PV = FV/(1 + i)^N

PV = $1600/(1 + 0.10)^5

PV = $1600/1.1^5

PV = $1600/1.61051

PV = $993.47

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