We are asked to determine the present value of an annuity that is paid at the end of each period. Therefore, we need to use the formula for present value ordinary, which is:
Where:
Since the interest is compounded semi-annually this means that it is compounded 2 times a year, therefore, k = 2. Now we need to convert the interest rate into decimal form. To do that we will divide the interest rate by 100:
Now we substitute the values:
Now we solve the operations, we get:
Therefore, the present value must be $39462.50
Answer:
b
Step-by-step explanation:
Answer: D: 4.5
Step-by-step explanation:
So the Equation I used for this would be
6(2x+3) = 3(6x-3)
In Which the left is the Hexagon (The 6 is for the 6 Sides) and the right of the equation is the triangle (given the 3 for the 3 sides. In order to solve, we need to solve for x. Distribute the equation and your left with
12x+18=18x-9
-12x +9
27=6x
Divide to get X by itself
and your left with
4.5 = x
Hope it helped.
Answer:
and dat is onithhh purrrrr.. only of thee most respectfulyy sheesithhh
Step-by-step explanation:
