Answer: Um, the answer is B, and C?
Step-by-step explanation:
The answer is 8/27 just so you know
PEMDAS
15-(37+8)/3
15-45/3
15-15
0
To calculate the present value we shall proceed as follows:
from the present value table, the percentage corresponding to discount factor of 0.7008 in 5 years is 7%
therefore using the formula:
FV=PV(1+r/100)^n
where:
FV=$1000
PV=?
r=7%
hence:
1000=PV(1+7/100)^5
PV=1000/(1+7/100)^5
PV=712.986
