Based on the amount the annuity pays per month and the APR, the value of the annuity today is $133,349.85.
<h3>What is the present value of the annuity?</h3>
First, find the present value of the annuity at 5 years:
= 1,850 x present value interest factor of annuity, 60 months, 8/12%
= 1,850 x 49.32
= $91,242
Then find the present value of the annuity from 5 years till date:
= (1,850 x present value interest factor of annuity, 60 months, 12/12%) + ( 91,242) / (1 + 1%)⁶⁰)
= (1,850 x 44.955) + ( 91,242) / (1 + 1%)⁶⁰)
= $133,349.85
Find out more on the present value of annuities at brainly.com/question/24097261.
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Idk if this is what you’re looking for but here you go
Answers:
1.) 78 would be the range
3.) 18.8 or letter C would be correct
4.) 9.4
We might choose to write a recursive formula rather than an explicit formula to define a sequence because (D) the sequence is strictly geometric.
<h3>
What is a sequence?</h3>
- A sequence in mathematics is an enumerated collection of items in which repetitions are permitted and order is important. It, like a set, has members (also called elements, or terms).
- The length of the series is defined as the number of items (which could be infinite).
- Unlike a set, the same components can appear numerous times in a sequence at different points, and the order does important.
- Formally, a sequence can be defined as a function from natural numbers (the sequence's places) to the elements at each point.
- The concept of a sequence can be expanded to include an indexed family, which is defined as a function from an index set that may or may not contain integers to another set of elements.
Recursive formulas are commonly used to compute the nth term of a sequence, where a(n) is the sum of all the preceding values.
Using its position, explicit formulas can compute a(n).
Therefore, we might choose to write a recursive formula rather than an explicit formula to define a sequence because (D) the sequence is strictly geometric.
Know more about sequences here:
brainly.com/question/6561461
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Answer:
The equation — E = mc2 — means "energy equals mass times the speed of light squared." It shows that energy (E) and mass (m) are interchangeable.
Hope this helped
