Elizabeth spent $77.69 at the school supply store. She then had $24.50
1 answer:
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Answer: $44,518
Step-by-step explanation:
Using the formula:
PV = P( )
PV = present value
P = Principal
r = rate
n = number of periods
From the question :
PV = ?
P = $10,000
r = 0.04
n = 5
Substituting into the formula , we have
PV = 10,000 ( )
PV = 10,000 ( )
PV = 10,000 (
PV = 10,000 ( 4.451822331 )
PV = 44518.22331
Therefore :
PV≈ $ 44,518