The value of (27/8)-2/3 is..
Exact Form: 65/24
Decimal Form: 2.7083...…
Mixed Number Form: 2 17/24
1) Formula for the percent of error:
[estimated measure - real measure]
Percent of error = ---------------------------------------------------- x 100
real measure
2) Calculations:
[95 - 91]
Percent error = --------------- x 100 = 4.4 %
91
Answer: 4.4%
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
The square root of 9 is 3
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