Answer:
correct option is B) $1,818
Step-by-step explanation:
given data
new mattress = $2,000
time = 12 months = 1 year
rate = 10 % = 0.10
solution
we will apply here present value formula that is here express as
present value = Principal ×
......................1
put here all these value time 1 year and rate 0.1 and consider principal is x so
present value = Principal ×
2000 = x ×

x = 1818
so correct option is B) $1,818