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.
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Using probability concepts, it is found that:
- The theoretical probability of spinning an odd number is equal to 3/5 = 0.6.
- The experimental probability of spinning an odd number is equal to 1/2 = 0.5.
- Therefore, the theoretical probability of spinning an odd number is greater than the experimental probability of spinning an odd number.
<h3>What is a probability?</h3>
A probability is given by the <u>number of desired outcomes divided by the number of total outcomes</u>.
A theoretical probability is calculated without considering experiments, and we have that 3 out of the 5 numbers(1,3,5) and are odd, hence the theoretical probability is given by:
pT = 3/5 = 0.6.
For an experimental probability, we consider the experiments. Of the 6 spins, 3 resulted in an odd number, hence the experimental probability is given by:
p = 3/6 = 1/2 = 0.5.
Therefore, the theoretical probability of spinning an odd number is greater than the experimental probability of spinning an odd number.
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The answer to this question is "you gained profit". The amount of money you gain from selling the stocks now is higher compared to the amount you spent a year ago. The amount you gain from the shares is ($62.25) x 723 = $45006.75. The amount you spent last year is ($47.75) x 723 = $34523.25. The difference between the values is $10483.47. Thus, you gained $10483.47.
<h3>
Answer: Choice A</h3>
Side = 5 ft, side = 15 ft, side = 3 ft
Explanation:
The two sides 5 ft and 3 ft add to 5+3 = 8 ft which is not larger than the 15 ft side. This is exactly why a triangle is not possible here.
If we want a triangle to happen, then adding any two sides must be larger than the third side.
If we want a triangle with sides a,b,c, then we need the following to be true
Refer to the triangle inequality theorem for more information.
