A tent rental company charges a mandatory $125 setup fee and a $90 hourly rental fee. Which of the following equations can be us
2 answers:
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Answer: $ 18681.45
Step-by-step explanation:
Given: Future value :
The rate of interest :
The number of time period :
The formula to calculate the future value is given by :-
, where P is the initial amount deposited.
Hence, the lump that must be deposit today : $ 18681.45