I think this is how you solve this
All of those numbers have nothing but ones digits, that is, they're all single digits. j=4, k=5, and n=6.
This is answer. The graph has no x-intercepts.
Answer:
$6,020,826.711
Step-by-step explanation:
The computation of the present value of that year salary is shown below:
As we know that
Present value in case of continuous compounding, the formula is
where,
The Guaranteed amount is $9,000,000
The Time period is 6 years
And, the interest rate is 6.7%
Now placing these values
So, the present value is
= $6,020,826.711