Answer:
The answer is $793.50
Explanation:
To solve this, we will use the annual interest formula for simple interest, which is:
A = P(1 + <em>rt</em>)
Where:
- A is the final amount including principal
- P is the principal amount = $750
- <em>r</em> is the rate per year = 2.9% or 0.029 (that is 2.9 divided by 100)
- <em>t</em> is the number of years = 2 years
Next, we input these into the equation as follows:
A = 750(1 + 0.029 x 2)
A = 750(1 + 0.058)
A = 750(1.058)
A = 793.5
Therefore, Susan earns $793.50
One would be getting out of credit card debt.
<span>another would might be having a savings account in case you lose a job.</span>
Answer:
-$7,621
Explanation:
Calculation to determine the net present value of the machine
Using this formula
Net present value of the machine=(Net cash flow *present value of an annuity at 11%)- Amount invested
Let plug in the formula
Net present value of the machine=($2,800+$26000*2.4437)-$78,000
Net present value of the machine=($28,800*2.4437)-78,000
Net present value of the machine=$70,379-$78,000
Net present value of the machine=-$7,621
Therefore the Net present value of the machine is -$7,621