Answer:
$199,047.62
Step-by-step explanation:
PV = X(1+i)^nm
X=$209000
i=5% = 0.05
n=1
m=1
Pv=$209000(1+0.05)^-1x1
Pv=$209000(1.05)^-1
Pv=$209000(1/1.05)
Pv=$209000/1.05
Pv=$199,047.62
$199,047.62 is needed to be donated for investment at 5.0% compounded annually rate for a year so as to get $209,000 at end of the year for the purpose of funding the scholarship.
Is this algebra?, i can help you with thats the suject
$420+$144=$564
then you divide $564 by 6 which is...
$94 is how much each person payed
Answer: It was marked down by 35%
Step-by-step explanation:
1. find the difference of the two prices, 68-44.20=23.8
Take the fraction 23.8/68 (because that is how much the price changed and you need to find what percent that is.
You get 35%
