Answer:
$199,047.62
Step-by-step explanation:
PV = X(1+i)^nm
X=$209000
i=5% = 0.05
n=1
m=1
Pv=$209000(1+0.05)^-1x1
Pv=$209000(1.05)^-1
Pv=$209000(1/1.05)
Pv=$209000/1.05
Pv=$199,047.62
$199,047.62 is needed to be donated for investment at 5.0% compounded annually rate for a year so as to get $209,000 at end of the year for the purpose of funding the scholarship.
Just multiply 20 x 30 and you get 600 and that is your answer :3<span />
Forgive me if this is wrong. I haven't done stat in a year, but comment if you need clarification!
Answer:
22 weeks
Step-by-step explanation:
Answer:
look at the picture i have sent
