Answer:
PV= $3,402.9
Step-by-step explanation:
Giving the following formula:
Future Vale (FV)= $5,000
Number of years (n) 5 years
Interest rate (i)= 8.5% compounded annually
<u>To calculate the initial investment (PV), we need to use the following formula:</u>
PV= FV / (1 + i)^n
PV= 5,000 / (1.085^5)
PV= $3,402.9
Answer:
She would charge $39 for 6.5 hours of cleaning
Step-by-step explanation:
Set it up as a proportion: 4.5/27 = 6.5/x
Slope= Mx in y=Mx+b jrbdhendj
1/3 * 9x = 3x
1/3 * 3 = 1
3x + 1 = 4x
3x + 1 = 4x
4x=4x