Answer:
$17,277.07
Step-by-step explanation:
Present value of annuity is the present worth of cash flow that is to be received in the future, if future value is known, rate of interest is r and time is n then PV of annuity is
PV of annuity = ![\frac{P[1-(1+r)^{-n}]}{r}](https://tex.z-dn.net/?f=%5Cfrac%7BP%5B1-%281%2Br%29%5E%7B-n%7D%5D%7D%7Br%7D)
= ![\frac{3000[1-(1+0.10)^{-9}]}{0.10}](https://tex.z-dn.net/?f=%5Cfrac%7B3000%5B1-%281%2B0.10%29%5E%7B-9%7D%5D%7D%7B0.10%7D)
= ![\frac{3000[1-(1.10)^{-9}]}{0.10}](https://tex.z-dn.net/?f=%5Cfrac%7B3000%5B1-%281.10%29%5E%7B-9%7D%5D%7D%7B0.10%7D)
= ![\frac{3000[1-0.4240976184]}{0.10}](https://tex.z-dn.net/?f=%5Cfrac%7B3000%5B1-0.4240976184%5D%7D%7B0.10%7D)
= 
= 
= 17,277.071448 ≈ $17,277.07
The answer is 32,546,500.
<h3>
The smallest number that satisfies the inequality 3x -1>2 is 2</h3>
Step-by-step explanation:
3x -1>2
⇔3x > 2+1
⇔3x > 3
⇔x>1
Therefore 2 is the first number that is grater than 1.
So,
The smallest number that satisfies the inequality 3x -1>2 is 2
Answer: 12
Step-by-step explanation:
Solve for c
Answer: Option 'a' is correct.
Step-by-step explanation:
As we know that
Nominal wage is the value of wage in dollars that a particular person gets, whereas the real wage is the value of wage he is actually used that shows the purchasing power of a particular person.
If the wage is increased by 3%, and the inflation is increased by 6%.
Then, the nominal wage has increased but real wage decreased due to increase in inflation.
Hence, option 'a' is correct.
