Answer:
The amount to be deposited now to provide for this trust is $119,392.16.
Step-by-step explanation:
This problem is based on ordinary annuity.
An ordinary annuity is a sequence of fixed payments made, every consecutive period, over a fixed interval.
The formula to compute ordinary annuity is:
![OA=P[\frac{q^{n}-1}{q^{n}(q-1)}]](https://tex.z-dn.net/?f=OA%3DP%5B%5Cfrac%7Bq%5E%7Bn%7D-1%7D%7Bq%5E%7Bn%7D%28q-1%29%7D%5D)
Here <em>qⁿ </em>is:
Compute the ordinary annuity as follows:
![OA=P[\frac{q^{n}-1}{q^{n}(q-1)}]=2000\times\frac{(1.01675)^{16}-1}{(1.01675)^{16}[1.01675-1]}=2000\times\frac{0.30445}{0.0051}=119392.16](https://tex.z-dn.net/?f=OA%3DP%5B%5Cfrac%7Bq%5E%7Bn%7D-1%7D%7Bq%5E%7Bn%7D%28q-1%29%7D%5D%3D2000%5Ctimes%5Cfrac%7B%281.01675%29%5E%7B16%7D-1%7D%7B%281.01675%29%5E%7B16%7D%5B1.01675-1%5D%7D%3D2000%5Ctimes%5Cfrac%7B0.30445%7D%7B0.0051%7D%3D119392.16)
Thus, the amount to be deposited now to provide for this trust is $119,392.16.
Which equation? Sorry I don’t see one
Answer:
is there suppost to be a picture if so its not there
Step-by-step explanation:
The volume and surface area of any prism can be determined using the given formula explained below.
<h3>
What is the Volume and Surface Area of Prisms?</h3>
The surface area of any given prism can be calculated using the formula, SA = (2 × Base Area) + (Base perimeter × height).
The volume of any given prism can be determined, using the formula, V = base area × height of the prism.
The image for the prisms to be calculated is missing, howver, using the above formula, the volume and surface area of any prism can be determined using the given parameters.
Learn more about volume and surface area of prisms on:
brainly.com/question/12186885
