Answer:
5.4
Step-by-step explanation:
The equations are equal so set them equal to each other and solve
The present value of the investment is $6000.
According to the statement
Principal amount = $500
and Return amount = 10.5%
Time period = 20 years.
Now we find the present value of money then
By the formula
PV = P[1-(1+r)^n]/r
PV = 500[1-(1+0.10)^20]/0.10
PV = 6000
So, The present value of the investment is $6000.
Learn more about Return Amount here brainly.com/question/2456547
#SPJ1
Answer:
21
Step-by-step explanation:
Answer:
11 1/12
Step-by-step explanation:
6 1/3 = 19/3
7 1/4 = 29/4
2 1/2 = 5/2
19/3 + 29/4 - 5/2
We must find the LCM of 3, 4, and 2. This happens to be 12
3*4 = 12
4*3 = 12
2*6 = 12
Multiply each fraction by the factor that'll get it to 12.
19/3 * 4/4 = 76/12
29/4 * 3/3 = 87/12
5/2 * 6/6 = 30/12
Now go through the problem
76/12 + 87/12 - 30/12
76 + 87 = 163
163/12 - 30/12
163 - 30 = 133
133/12
Simplify
133/12 = 11.0833... or 11 1/12
Hope this helps.
The answer should and must be Done
