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timama [110]
2 years ago
12

Brady studied 1.5 hours on Monday, 0.75 hours on Tuesday, 1.25 hours on Wednesday, and 1 hour on Thursday. How

Mathematics
1 answer:
Advocard [28]2 years ago
8 0

Brady studied for 4.5 hours that week

How we determine the total study hours?

The total study hours for Brady is the sum of the hours used in studying on Monday, Tuesday, Wednesday and Thursday.

He studied for 1.5 hours on Monday

He studied for 0.75 hours on Tuesday

He studied again for 1.25 hours on Wednesday

Lastly, he studied for 1 hour on Thursday, the last day

Total number of study hours=1.5+0.75+1.25+1

Total number of study hours=4.50

Find out more about study hour on: brainly.com/question/876733

#SPJ1

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When the effective interest rate is 9% per annum, what is the present value of a series of 50 annual payments that start at $100
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Answer:

$1,109.62

Step-by-step explanation:

Let's first compute the <em>future value FV.</em>  

In order to see the rule of formation, let's see the value (in $) for the first few years

<u>End of year 0</u>

1,000

<u>End of year 1(capital + interest + new deposit)</u>

1,000*(1.09)+10  

<u>End of year 2 (capital + interest + new deposit)</u>

(1,000*(1.09)+10)*1.09 +10 =

\bf 1,000*(1.09)^2+10(1+1.09)

<u>End of year 3 (capital + interest + new deposit)</u>

\bf (1,000*(1.09)^2+10(1+1.09))(1.09)+10=\\1,000*(1.09)^3+10(1+1.09+1.09^2)

and we can see that at the end of year 50, the future value is

\bf FV=1,000*(1.09)^{50}+10(1+1.09+(1.09)^2+...+(1.09)^{49}

The sum  

\bf 1+1.09+(1.09)^2+...+(1.09)^{49}

is the <em>sum of a geometric sequence </em>with common ratio 1.09 and is equal to

\bf \frac{(1.09)^{50}-1}{1.09-1}=815.08356

and the future value is then

\bf FV=1,000*(1.09)^{50}+10*815.08356=82,508.35564

The <em>present value PV</em> is

\bf PV=\frac{FV}{(1.09)^{50}}=\frac{82508.35564}{74.35572}=1,109.616829\approx \$1,109.62

rounded to the nearest hundredth.

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