What is the present value of $992 to be received in 13.5 years from today if our discount rate is 3.5 percent?

$1578

Step-by-step explanation:

1) Take your discount rate of 3.5% and convert it to decimal form (0.035)

2) Then, 0.035 * 13.5 = 1.59109

3) 1.59109 * 992 = $1578

n

step-by-step explanation:

amount of oatypop that contains the prize = 40%

amount   of oatypop which doesn't contain the prize = (100-40)=60%

probability that hannah will win a prize

    = s +f s +f f s+ff   f s+ff f f s+ infinity.where f= failure,s= success

=   or 60%

probability that hannah only has to buy 3 or less boxes before getting a prize= (s) and ( f s) and (ff s) and (f f f s)

        = = 87.04 %  

step-by-step explanation: