We are asked to determine the present value of an annuity that is paid at the end of each period. Therefore, we need to use the formula for present value ordinary, which is:
Where:
Since the interest is compounded semi-annually this means that it is compounded 2 times a year, therefore, k = 2. Now we need to convert the interest rate into decimal form. To do that we will divide the interest rate by 100:
Now we substitute the values:
Now we solve the operations, we get:
Therefore, the present value must be $39462.50
Answer:
1.a
2.b
Step-by-step explanation:
The first column is the domain, while the second column is the range. Therefore, 1 is a, and 2 is b. Hope this helps!
It's simple, you just have to times everything. 5000 x 3.2% x 5 years. After calculating these, 3.2 is as 0.032 so there would be three decimal places. So then it will e 5000 x 0.032 x 5
A+b+c = 131
b = 7 + 2a and c = a - 12
so a + 7+2a + a-12 = 131
then 4a -5 = 131
then 4a = 136
and a = 34....so b= 75 and c = 22....check 34+75+22=131√
Polynomial :
The rest are not polynomials.
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I hope that helps you out!!
Any more questions, please feel free to ask me and I will gladly help you out !
~Zoey