Answer:
Present value is $993.47
Step-by-step explanation:
PV = present value
Fv = future value = $1,600
Discount (i) = 10%
N = Years = 5
The formula for this is given by:
PV = FV/(1 + i)^N
PV = $1600/(1 + 0.10)^5
PV = $1600/1.1^5
PV = $1600/1.61051
PV = $993.47
Marty is helping make floral centerpieces for the sports banquet.
The guidelines tell him how many of each flower to use in one centerpiece.
If he follows the guidelines, which statement is true?
Math item stem image
CLEAR CHECK
The ratio of lilies to carnations is 3 to 2.
The ratio of carnations to daffodils is 2 to 3.
For 12 centerpieces, he will need 36 carnations.
For 24 centerpieces, he will need 36 lilies.