Answer:
The correct answer is (D)
Explanation:
Company's normally at the end of every year give sale offers to their customers to increase their sales revenues and clear the remaining inventory. Sales usually attract buyers because of the new sale price of commodities. Joseph wanted to buy one tire but instead, he took advantage of a sale deal. The decision to take the deal is based on the new sale price of the tires.
Answer:
Explanation:
In this question, we use the present value (PV) formula.
The NPER represents the time period
Given that,
Present value = ?
Future value = $250,000
Rate of interest = 7%
NPER = 85 - 65 = 20 years
The formula is shown below:
= PV(Rate;NPER;PMT;FV;type)
=PV(0.07;20;;-250000)
The Future value come in negative
So, after solving this, the answer would be Rs.64,604.75
Hey there
the answer is
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