Answer:
$102,677.20
Step-by-step explanation:
The present value of an annuity due is determined by the following expression:

Where 'P' is the amount of each payment received, 'r' is the interest rate on the investment and 'n' is the number of yearly payments.
With 20 annual payments of $10,000 at a rate of 8.5%, the present value is:

The present value of your winnings is $102,677.20.
Answer:
8
Step-by-step explanation:
36/9=4
12-4=8
8 is your answer
Answer:
x = 7/2
Step-by-step explanation:
Answer:
Total cost of dinner = P + 0.15p = 23
Step-by-step explanation:
Consider the information provided.
The cost of dinner at a restaurant is $P.
The tip offered for the service was, $0.15p.
The total of the cost of dinner and the tip offered for the service is:
T = P + 0.15p = 23