Answer:
You must deposit "$74,806.25" today.
Explanation:
The given values are:
Periodic payment,
P = $10,300
Rate of interest,
r =
=
Number of periods,
n =
=
Now,
The PV of annuity will be:
=
On substituting the given values, we get
=
=
= ($)
Answer:
See explanation
Explanation:
See the images to get the result.
The answer is $91,500.
Working:
Total expenses per year = 18900+7650+1475+2350 = $30,375
Expenses less of grant per year = $30,375- 7500= $22,875 (this represents his annual expenditure on college with the grant)
To find out his expenditure for all four years of college = $22,875 x 4 = $91,500.
I believe it is fixed-ratio reinforcement. The behavior (viewing her blog) has to happen a set number of times (100, 200, 300) before the reinforcement (gift card) is given.
Answer:
True
Explanation:
this is to ensure deeper understanding.