Answer:
Step-by-step explanation:
Answer:
B. $136,960.54
Step-by-step explanation:
Rate = r = 4%
Times = b = 4
Future Value = A = $315,930
No. pf Years = n = 21
Present Value = P = ?
A = P [1 + (r / b)]ⁿᵇ
$315,930 = P [1 + (0.04 / 4]²¹ ˣ ⁴
$315,930 = P [1 + 0.01]⁸⁴
$315,930 = P [1.01]⁸⁴
$315,930 = P x 2.306723
P = $315,930 / 2.306723
P = $136,960.54
Answer:
7.00
Step-by-step explanation:
so you have to round to the narest 0.01 the easy way to do it is round to the hundreth place. And you will get your answer which is 7.00
