Asked by Brittni Parrish on May 15, 2024

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Evaluate and calculate to the cent:
N1−d\frac{N}{1-d}1dN for N = $89.10, d = 0.10

Discount Formula

A mathematical formula used to determine the present value of a future amount or a series of future cash flows, factoring in a discount rate.

Evaluate

The process of examining something carefully to judge its value or worth, often used in financial and analytical contexts.

  • Compute simple and compound interest within financial mathematics.
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Theasia MoreauMay 17, 2024
Final Answer :
$99.00