1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mihalych1998 [28]
2 years ago
9

Ben sold his small online business for $100,000. The purchaser will pay him $20,000 today, then $20,000 every year for the next

four years. Assume that Ben could invest a lump-sum payment today in an account yielding an interest rate of 4% annually. Find the total present value of all five payments.
A.
$87,096
B.
$88,384
C.
$92,598
D.
$93,964
Mathematics
1 answer:
kifflom [539]2 years ago
7 0

Answer:

c. 92,598

Step-by-step explanation:

20000 + 20000/1.04 + 20000/(1.04^2) + 20000/(1.04^3) + 20000/(1.04^4)= 20000 + 19230.77 + 18491.12 + 17779.73 + 17096.08

= 92597.

= 92,598

You might be interested in
Select Exponential growth or Exponential decay for each function.
Lena [83]

Answer:

f(x)=(1.023) ⋅ 3^x  Growth

f(x)=3 ⋅ (0.072)^x      Decay

f(x)=4 ⋅ (0.035)^x      Decay

f(x)=2 ⋅ (1.34)^x         Growth

Step-by-step explanation:

An exponential function at its heart has a base number of rate. If the rate is less than 1, then the function decays. If the base number or rate is greater than 1, then the function grows and increase.

f(x)=(1.023) ⋅ 3^x Rate 3 -  Growth

f(x)=3 ⋅ (0.072)^x      Rate 0.072 - Decay

f(x)=4 ⋅ (0.035)^x      Rate 0.035 - Decay

f(x)=2 ⋅ (1.34)^x         Rate 1.34 - Growth

7 0
3 years ago
ASAP! Due tomorrow! 25 points! Read the word problem. Write an equation to represent the word problem. Solve the equation. Durin
Marrrta [24]
What you gotta take from this problem:

What Joe got during break = 2t+2

What his sister gave him = 3t

What he has total = 10 tadpoles.


Now to assemble this equation:

2t+2+3t=10

Now combine like terms to get 5t+2=10

Subtract 2 on each side of the equation to get 5t=8

Now you would divide 5 on each side and get t=1.6 , however since you can't have a .6 of a tadpole, you would have to round it up to 2.
7 0
3 years ago
In the expression -3×+4y-2 what are the variables
SSSSS [86.1K]

Answer:

x and y are the variables

7 0
2 years ago
There are 20 bucks on the summer reading list how many different ways can you choose one per week for six weeks
eduard

Answer:

There would be 120 different ways

Step-by-step explanation:

20×6=120

6 0
2 years ago
Read 2 more answers
Find cos 200 with soluti<br>on​
Ksenya-84 [330]

Step-by-step explanation:

Since, cos 200°

= 1/sec 200°⇒ cos 200°

= 1/(-1.0641)

= -0.9397

3 0
1 year ago
Read 2 more answers
Other questions:
  • Sophia was asked to find the original dimension of a reduced hexagon. A smaller hexagon has a top side length of 1.2 inches and
    9·2 answers
  • Kelsey purchased 5 beads at a total cost of 80 cents. The round beads cost 15 cents each, and the oval beads cost 20 cents each.
    7·1 answer
  • Joaquin and Trisha are playing a game in which the lower median wins the game. Their scores are shown below. Joaquin's scores: 7
    13·2 answers
  • I need to find the domain and ranges of some of these graphs and I can’t really do the last few! Can anyone help?
    6·1 answer
  • Please help me with the problem
    14·2 answers
  • A neighborhood in Shiloh is building a treehouse. It has a rectangle floor of 6 ft by 4 ft. What is the area of the tree house f
    5·1 answer
  • There are 3 feet in each yard. Complete the table to show the number of feet in 1, 2, 3, and 4 yards.
    14·2 answers
  • Which function is best represented by this graph?
    5·2 answers
  • A. Which department gets approximately one-fourth of the annual budget?
    7·1 answer
  • Katahdin is the highest Mountain in Main. What is its Elevation?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!