Sandra wants to calculate how much money she needs to deposit today into a savings account which earns 5% in order to be able to withdraw $3,000 at the end of each of the next 6 years. She should use which present value concept?

$2238.64619

Explanation:

Let summary key information:

r = 5% per yearFV = $3,000  n = 6 years.  

Present value is an important concept that is widely used in financial analysis and evaluation of investment projects or businesses. The principle of these assessments is to present the value of future cash flows generated by the project at an appropriate discount rate. We have fomula:

      PV =

<=> PV =  = 2238.64619

So she need to deposit $2238.64619 from now.

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

His ballance should be $65