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
Answer:
Second graph
Step-by-step explanation:
The second graph is the correct one. Why? because the y intercept is (0, 3), and also because the base, 1/5, is between 0 and 1, which leads to a decaying exponential graph.
Answer:
5000
Step-by-step explanation:
2% of 250,000 is 5000
Answer: B)
Corresponding parts must be in the same position.
Step-by-step explanation:
Answer:
(5/12)d - (23/36)g
Step-by-step explanation:
First you can eliminate g and -g to get (1/6)d - (3/4)g + (1/9)g + (1/4)d. Then you need to get common denominators to add like terms together.
1/6 = 4/24 and 1/4 = 6/24. Add them together to get (10/24)d or (5/12)d.
-3/4 = -27/36 and 1/9 = 4/36. Add them together to get (-23/36)g.
So in standard form, (5/12)d - (23/36)g