Answer:
$199,047.62
Step-by-step explanation:
PV = X(1+i)^nm
X=$209000
i=5% = 0.05
n=1
m=1
Pv=$209000(1+0.05)^-1x1
Pv=$209000(1.05)^-1
Pv=$209000(1/1.05)
Pv=$209000/1.05
Pv=$199,047.62
$199,047.62 is needed to be donated for investment at 5.0% compounded annually rate for a year so as to get $209,000 at end of the year for the purpose of funding the scholarship.
Answer:
y = -2x + 8/5
Step-by-step explanation:
Given:
To get rid of the fraction, we can multiply both sides by the denominator, which is 3. This will cancel the fraction:
We are left with:
Answer:
16=9+m m=7
Step-by-step explanation:
m=7 makes the equation true
