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
Answer: It's 74
Step-by-step explanation: I just took the test, i hope it helps you guys.
Perimeter of 1 tablecloth = 3+3+2+2= 10
Total fringe needed = 10x3 = 30 meters
Reduce the index of the artical and exponent with 2 and get 3x18a. Calculate the product and get 54a.
