A truck can be rented from company A for $100 a day plus $ 0.4 per mile. Company B charges $70 a day plus $0.9 per mile to rent
2 answers:
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Answer:
$17,277.07
Step-by-step explanation:
Present value of annuity is the present worth of cash flow that is to be received in the future, if future value is known, rate of interest is r and time is n then PV of annuity is
PV of annuity =
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= 17,277.071448 ≈ $17,277.07