1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
oksano4ka [1.4K]
2 years ago
14

A 10-year annuity pays $1,850 per month, and payments are made at the end of each month. If the APR is 12 percent compounded mon

thly for the first five years, and APR of 8 percent compounded monthly thereafter, what is the value of the annuity today?
Mathematics
1 answer:
Fittoniya [83]2 years ago
4 0

Based on the amount the annuity pays per month and the APR, the value of the annuity today is $133,349.85.

<h3>What is the present value of the annuity?</h3>

First, find the present value of the annuity at 5 years:

= 1,850 x present value interest factor of annuity, 60 months, 8/12%

= 1,850 x 49.32

= $91,242

Then find the present value of the annuity from 5 years till date:

= (1,850 x present value interest factor of annuity, 60 months, 12/12%) + ( 91,242) / (1 + 1%)⁶⁰)

= (1,850 x 44.955) +  ( 91,242) / (1 + 1%)⁶⁰)

= $133,349.85

Find out more on the present value of annuities at brainly.com/question/24097261.

#SPJ1

You might be interested in
Leslie is currently 8 years older than Bill in 4 years she will be 2 times as old as Bill. Let x equal Bill's current age
Harrizon [31]
8 + 4 = 12 that's Leslie's age in 4 years
So if she would be 12 bill will be 6 . Because 6•2=12 so Leslie is 12 bill will be 6
3 0
3 years ago
What is the solution to the system of linear equations graphed below?
OlgaM077 [116]

Option C: There are no solutions

Explanation:

The linear equations is graphed.

We need to determine the solution of the system of equations.

The solution of the equations can be determined by finding the point of intersection of the two equations.

From the figure, it is obvious that the two equations are parallel to each other.

Also, the parallel lines have the same slope and the parallel lines never intersect.

Hence, the system consisting of parallel lines have no solution.

Therefore, the solution to the system of linear equations graphed is no solution.

Thus, Option C is the correct answer.

5 0
3 years ago
Which expression is the factored form of −1.5w+7.5 ?
prohojiy [21]

Answer:

c.

Step-by-step explanation:

the most that can be factored out is -1.5,

-1.5 * w = -1.5w

-1.5 * -5 = 7.5

-1.5w + 7.5, so it's

-1.5(w-5)

8 0
3 years ago
A manufacturing firm wants to package its product in a cylindrical container
IRINA_888 [86]
To solve the problem above, we will be using the equation in solving the surface area of a cylinder which goes. A = 2pi r^2 + 2pi r h, A is for the surface area, pi is 3.1416; h is the height and r is the radius. Basing on this formula the radius will be 0.3982 ft both top and bottom.
7 0
3 years ago
I don't know how to do this question.
sergij07 [2.7K]
The perimeter is the measure around the shape, so just add all the sides together-
6+5x+x+2
6x+8
Since this is a right triangle, you multiply the legs (6 and x+2) and divide by 2
6(x+2)
6x+12
/2
3x+6
8 0
3 years ago
Other questions:
  • A triangle has sides lengths of 14cm, 48cm and 58 cm. Classify it as acute, obtuse or right
    8·1 answer
  • I need help ASAP!!! ABC has vertices A(0,6), B(4,6), and C(1,3). Sketch a graph of ABC and use it to find the orthocenter of ABC
    11·1 answer
  • Zach spent 2/3 hour reading on Friday and 1 1/3 hours on Saturday. How much more time did he read on Saturday than on Friday?
    15·2 answers
  • 4x/5 - 2x/3 is equivalent to
    9·2 answers
  • 15•(13 - 7) ÷ (8 - 5) Simplify
    11·2 answers
  • Which of the following is NOT a type of poem
    10·2 answers
  • Concept 9.5: Find x Assume that segments that appear to be tangent are tangent.
    10·2 answers
  • A heron is perched in a tree 50 feet above sea level. Directly below the heron, a pelican is flying 17 feet above sea level. Dir
    9·1 answer
  • I need it ASAP!!!a dot was running on a number line. it travled from 34 to -34. it took 17 minuets. what is the avarage speed?
    6·1 answer
  • The function f(x) = x2 6x 3 is transformed such that g(x) = f(x − 2). find the vertex of g(x). (−1, −8) (−3, −4) (−1, −6) (−5, −
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!