(5) On January l, 1988, Felix inherited a perpetuity with annual payments beginning in six months. The first payment was $3,000,
and after that the payments increased by 3% each year. Find the value of this perpetuity on January 1, 1995 if the annual effective interest rate was 6% from January I, 1988 through January I, 1996 and 4% thereafter.
1 answer:
You might be interested in
The values which completes the table regarding summer camp is option b which is a=15,b=7, c=5, d=10, e=12.
Given that there are 32 campers, 22 of them can swim, 20 play softball and 5 do not play softball or swim.
We have to find the values of a,b,c,d,e so that we can complete the table.
Table is a combination of rows and columns. In our case the third row and third column shows the total.
from the table we can write that 22+d=32-----------1
so d=32-22
=10
d=10
c+5=d-----------2
c=10-5=5
c=5
a+c=20------------------3
a+5=20
a=20-5
a=15
a+b=22--------------3
15+b=22
b=7
20+e=32----------4
e=32-22
e=10.
Hence the values which completes the table is a=15,b=7, c=5, d=10, e=12.
Learn more about table at brainly.com/question/12151322
#SPJ4
Question is incomplete as it should include figure showing table of values.
