8% of 250000 = 250000*8/100 = 20000
320,378
2500 of them.
Year Amount Disc Rate Present Value 1 20000 1.0700 18692 2 20000 1.1449 17469 3 20000 1.2250 16326 4 20000 1.3108 15258 5 20000 1.4026 14260 6 20000 1.5007 13327 7 20000 1.6058 12455 8 20000 1.7182 11640 9 20000 1.8385 10879 10 20000 1.9672 10167 Total PV 140472
There are none but 8 kilometers is about 5 miles
You multiply 20000 and .8
one tenth of 20000 = 20001/10 * 20000 = 2000
8% of 250000 = 250000*8/100 = 20000
1600
No, 20000 feet is approx 3.7 miles. http://www.google.com/search?lr=&ie=UTF-8&oe=UTF-8&q=20000+feet+in+miles
20,000 ÷ 8 = 2,500 days
320,378
2500 of them.
Year Amount Disc Rate Present Value 1 20000 1.0700 18692 2 20000 1.1449 17469 3 20000 1.2250 16326 4 20000 1.3108 15258 5 20000 1.4026 14260 6 20000 1.5007 13327 7 20000 1.6058 12455 8 20000 1.7182 11640 9 20000 1.8385 10879 10 20000 1.9672 10167 Total PV 140472
80% of 250000 = .8 * 250000 = 20000
add4 t0 100 ,multiply with 8 and then add 62000 (ie) 62832 and divide it to 20000 (ie) 62832/20000 =3.1416
Deposit $8 million at 1% interest.