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.
You did not provide us with equations to select.
Find the slope m.
m = (1 - 2)/(3 - (-1))
m = -1/(3 + 1)
m = -1/4
Use the slope and one of the points and plug into the point-slope formula.
y - 1 = (-1/4)(x - 3)
Isolate y.
y - 1 = (-1/4)x + (3/4)
y = (-1/4)x + (3/4) + 1
y = (-1/4)x + (7/4)
Did you follow?
Answer:
44.70 US dollars
Step-by-step explanation:
euro left=(250/1.3687)-150=32.66(rounded to nearest cents
US dollars=32.66x1.3687
=44.70US dollars
Maybe if you put a picture I could help you out
For the first one it’s D.3
