withdrawals are when cash is taken out from the account
Flora withdraws an amount of $75 at a time from her bank account
she makes 7 such withdrawals
one withdrawal she takes out - $75
then seven withdrawals leads to - $75 x 7 = $525
then overall change in her account has been a net withdrawal of $525
so the overall change in the account is -$525
It doesn’t s 19% I hope this helps bye
Just remember it's along the corridor and up the stairs so horizontal comes first
Answer:
Present value is $993.47
Step-by-step explanation:
PV = present value
Fv = future value = $1,600
Discount (i) = 10%
N = Years = 5
The formula for this is given by:
PV = FV/(1 + i)^N
PV = $1600/(1 + 0.10)^5
PV = $1600/1.1^5
PV = $1600/1.61051
PV = $993.47
That answer is a 1 in 8 chance
