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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Answer:
1.16
Step-by-step explanation:
Given that;
For some positive value of Z, the probability that a standardized normal variable is between 0 and Z is 0.3770.
This implies that:
P(0<Z<z) = 0.3770
P(Z < z)-P(Z < 0) = 0.3770
P(Z < z) = 0.3770 + P(Z < 0)
From the standard normal tables , P(Z < 0) =0.5
P(Z < z) = 0.3770 + 0.5
P(Z < z) = 0.877
SO to determine the value of z for which it is equal to 0.877, we look at the
table of standard normal distribution and locate the probability value of 0.8770. we advance to the left until the first column is reached, we see that the value was 1.1. similarly, we did the same in the upward direction until the top row is reached, the value was 0.06. The intersection of the row and column values gives the area to the two tail of z. (i.e 1.1 + 0.06 =1.16)
therefore, P(Z ≤ 1.16 ) = 0.877
5^3(5^x) the rule is a^b(a^c)=a^(b+c)
5^(3+x)
It’s around 450 euros right now - to figure this out you multiply the number of pounds by the current exchange rate ( which you can look up)
Step-by-step explanation: We can write a ratio using the word "to", using a colon, or using a fraction bar.
Here, since we want our ratio in simplest form,
I would use a fraction bar.
Now, the problem asks us to compare
the number of boys to the number of girls.
We know that there are 12 boys
and we know that there are 15 girls.
So our ratio is 12/15.
However, this can be reduced to 4/5.
