4/8 = 1/2 which traditionally is rounded up to one, but technically is 1/2 away from both 0 and 1 - does that make sense?
Answer:
70%
Step-by-step explanation:
Since it can't go over 100%, and our numbers are 7 and 3, they are 70% and 30%, which add up to 100%.
A because | | <- around a number means the absolute value which in this case is 6.
|-6| > -6
6 > -6
Answer:
The PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5% is $20,352.
Step-by-step explanation:
P = PMT [(1 - (1 / (1 + r))) / r]
= 2,700 [(1 - (1 / (1 + 0.055))) / 0.05]
= 2,700 [(1 - (1 / (1 + 0.055))) / 0.05]
= 2,700 [(1 - (1 / (1.708)) / 0.05]
= 2,700 [(1 - 0.58)) / 0.05]
= 2,700 [(0.41457) / 0.05]
= 2,700(7.53)
=$ 20,352