Annuity formula is given by:
FV=P[(1+r)^n-1]/r
FV=future value
r=rate
n=time
P=principle
Plugging the value from the question we obtain:
FV=10000[(1+0.07)^6-1]/0.07
FV=71,532.91
Thus the current value of the annuity is given by:
A=p(1+r)^n
plugging in the values we obtain and solving for p we get:
71532.91=p(1+0.07)^6
p=71532.91/(1.07)^6
p=$47665.40
Hence the answer:
B] $47665
Some part of question is Missing.....give me the options or something more info
Answer:
x= 5/2w-15 .
Step-by-step explanation:
See the image below:)
Answer:
12 is how many pound of almonds there are. 6 is how many bags. 2 is how many almons there are in one bag for Tyler. For Clare is 12 almonds when there are 2 bags and there are 6 almonds in each bag.
Step-by-step explanation:
Answer:
y = -3/5x +2
Step-by-step explanation:
y = mx + b
where m is the slope and b is the y intercept
y = -3/5x + 2
