The answer should be $29,952.... I hope this helps
We are given with the following:
Effective annual interest, i = 0.0425
Future worth, F = $25000
Number of years, n = 18
We use the formula to solve for the present worth of the money:
P = F / (1 + i)^n
P = 25000 / (1 + 0.0425)^18
P = 11818.73
The closest answer is:
<span>b.
$11,820</span>
Answer:
D. a1=23/100, r=1/100
Step-by-step explanation:
The repeating fraction can be written as the sum ...

The first term is a1 = 0.23 = 23/100, and each successive term is shifted 2 decimal places to the right, so is multiplied by the common ratio r=1/100.
Harmonic mean between two positive numbers x and y, The simplified formula is
I.e. you need to double the product of x and y then divide it by the sum of x and y...~