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Lady_Fox [76]
3 years ago
13

What is the PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5%? Group of answer choic

es $18,367 $20,352 $16,576 $17,449 $19,334
Mathematics
1 answer:
Verizon [17]3 years ago
5 0

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)^{n})) / r]

= 2,700 [(1 - (1 / (1 + 0.055)^{10})) / 0.05]

= 2,700 [(1 - (1 / (1 + 0.055)^{10})) / 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

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for p(x)= 192 + 21x^3 + 54x^2 - 3x^4 - 264x, use synthetic substitution to evaluate p(1), p(-2), and p(8)
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The value of p(1), p(-2), and p(8) is 0, 744 and 0 respectively

<h3>What is polynomial function?</h3>

Given the function p(x)= 192 + 21x^3 + 54x^2 - 3x^4 - 264x

We are to get the following parameters:

p(1)= 192 + 21(1)^3 + 54(1)^2 - 3(1)^4 - 264(1)\\p(1)=192+21+54-3-264\\p(1)=0

For p(-2)

p(-2)= 192 + 21(-2)^3 + 54(-2)^2 - 3(-2)^4 - 264(-2)\\p(-2)=192-168+216-24+528\\p(-2)=744

For p(8)

p(8)=192 + 21(8)^3 + 54(8)^2 - 3(8)^4 - 264(8)\\p(8)=192+10,752+3,456-12,288-2,112\\p(-2)=0

Hence the value of p(1), p(-2), and p(8) is 0, 744 and 0 respectively

Learn more on polynomials here: brainly.com/question/4142886

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