Answer:
1095$ should be invested today .
Step-by-step explanation:
The formula of present value will be applied here :
Present Value= Future Value/(1+ interest rate)^Years
Present Value = 1250/(1.045)^3
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2^n - 3 = 83
<span>2^n = 86 </span>
<span>ln(2^n) = ln(86) </span>
<span>n*ln(2) = ln(86) </span>
<span>n= ln(86)/[ln(2)] (which is the same as "log base 2 of 86") </span>
<span>n= 6.426264755</span>
1: 0.8
2: 0.4
3: 0.1
4: 0.7
Have a good day and ask questions!!
-Kaylie
The answer would be 1,288.
23x56=1,288