Answer:
I think it would be either $134.89 or 113.22
Step-by-step explanation:
just from an estimate, I got close to one of these two
Answer:
The formula for determining the present value of an annuity is PV = dollar amount of an individual annuity payment multiplied by P = PMT * [1 – [ (1 / 1+r)^n] / r] where: P = Present value of your annuity stream. PMT = Dollar amount of each payment. r = Discount or interest rate.
Step-by-step explanation:
Hope this helps :) :)
Let the number be x.
4x - 8 =12
4x =12 +8 ( you bring the eight over to the 12, it becomes positive )
4x = 20
x = 20÷4
x = 5
