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.
Just write down any random equation and you will be correct.
Search up on the web GCF Calculator
o.83
Step-by-step explanation:
Conversion a mixed number 3 1/
4
to a improper fraction: 3 1/4 = 3 1/
4
= 3 · 4 + 1/
4
= 12 + 1/
4
= 13/
4
To find new numerator:
a) Multiply the whole number 3 by the denominator 4. Whole number 3 equally 3 * 4/
4
= 12/
4
b) Add the answer from previous step 12 to the numerator 1. New numerator is 12 + 1 = 13
c) Write a previous answer (new numerator 13) over the denominator 4.
Three and one quarter is thirteen quarters
Conversion a mixed number 2 1/
3
to a improper fraction: 2 1/3 = 2 1/
3
= 2 · 3 + 1/
3
= 6 + 1/
3
= 7/
3
To find new numerator:
a) Multiply the whole number 2 by the denominator 3. Whole number 2 equally 2 * 3/
3
= 6/
3
b) Add the answer from previous step 6 to the numerator 1. New numerator is 6 + 1 = 7
c) Write a previous answer (new numerator 7) over the denominator 3.
Two and one third is seven thirds
Add: 13/
4
+ 7/
3
= 13 · 3/
4 · 3
+ 7 · 4/
3 · 4
= 39/
12
+ 28/
12
= 39 + 28/
12
= 67/
12
Answer:
5/8
Step-by-step explanation:
1/4=2/8
7/8-2/8=5/8
