What is the present value of ₱30,000 due in 27 months at 3% compounded annually?

32,063.06

Step-by-step explanation:

the formula for compound interest:

so to use this you are essentially solving for a.

p is the principle (or initial) amount deposited.

r is the rate (in percent)

n is the number of time periods compounded (like annually, monthly, weekly, or daily)

t is the time period (in years)

In this instance the formula looks like:

You then solve for A using the formula. It is important to remember to use the order of operations

step-by-step explanation:

from the sentence, "tomorrow morning, akiko will arrive an hour late" depicts a third person perspective because it doesn't use any pronoun to replace akiko, the subject of the sentence, and it is in singular form since akiko is only one person.