Solve for the Missing Value

question 9

Multiple Choice

Solve for the missing value. Round to four decimal places.
-n = 24; i = 0.09; PMT = $1; PV = ?

• A) $12.5156
• B) $9.5802
• C) $9.7066
• D) $9.8226

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Definitions:

Output Stream

A stream that is used for writing data to a destination, could be a file, an array, peripherals, etc.

BufferedReader

A Java class used to read text from an input stream efficiently by buffering characters.

String

A sequence of characters used to store and manipulate text in programming.

Integer Type

An integer type is a data type that represents mathematical integers, capable of storing whole numbers without decimal points.