Answer:
-4.1656x10^-2
Step-by-step explanation:
When doing scientific notation, the number must be represented between 0-9 (positive or negative) and the decimal place is then moved. In this case to get to 4 you must move the decimal left 2 places, so when you move to the left the exponent is negative
FV value of the amount using future value annuity will be:
FV=P[(1+r)^n-1]/r
FV=2460[(1+0.01175)^18-1]/(0.01175)
FV=48,992.23
The present value of this amount will be:
PV=pe^(-rt)
PV=48992.23e^(-0.0235*9)
PV=39,652.81
Answer:
<h3>
you need to be more clear</h3>
Step-by-step explanation:
i am confused
