i need to know amount needed now to invest to receive annuity of 15000
amount of annuity expected %15000
payment quarterly
4 years
8 %
present value needed now to receive annuity

P = $203,666

Step-by-step explanation:

given,

rate = 8 %   for quarterly  rate = 8/4 = 2 %

time = 4 years = 4 × 4 = 16 quarters                            

annuity needed after 4 years =  $ 15000                            

Present value (P)=                

                        P =        

                        P = $203,665.63                            

hence, the present value require to get Annuity of 15000 P = $203,666

the solution is x=1

step-by-step explanation:

we are given our   equation as

let's assume

left side function is

right side function is

now, we can draw graph

and then we can get intersection point

the intersection point will be solution

so, the solution is

x=1

if you're trying to figure out how much each ounce cost it would be 0.20

cents each ounce