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The present value (PV) of $15,254.24 is the most James bennett can consume in his youth.
<u>Given the following data:</u>
- Inheritance = $3000
- Interest rate = 18%
- Investment opportunity (youth) = $12,000
- Investment opportunity (old age) = $15,000
To calculate the most James bennett can consume in his youth:
First of all, we would determine the future value of James bennett from his investment and inheritance as follows:
FV = $18000
Mathematically, the most James bennett can consume in his youth is given by this formula:
Substituting the given parameters into the formula, we have;
PV = $15,254.24
Therefore, the present value (PV) of $15,254.24 is the most James bennett can consume in his youth.
Read more on present value here: brainly.com/question/24341207
Answer:
16.4 cm/0.4 ms
Explanation:
1: We know that the travel rate is 410 meters per second. We want to find a way in which we can cancel meters or seconds, and we can do that by multiplying 410m/1s with 100 cm/1m.
2. Now we want to get rid of that s, seconds, and we do so by multiplying prior fractions by 1s/1000ms.
3. Now we can diagnollay cross out m, and s. Leaving us with cm on top, and ms on the bottom. Which is what we want because we are calculating how many cm are for every .04 ms.
4: After that, you can multiply 410 and 100, to get 4,100. Whih leaves you with 4,100cm over 1000ms. Simplifying this, gives you 41, but that is NOT your answer. 41 cm, is for every ms, NOT every .04
5. Hence, you multiply 41 by .04 and get 16.4cm/.04ms.