Present value of annuity is the present worth of cash flow that is to be received in the future, if future value is known, rate of interest is r and time is n then PV of annuity is

PV of annuity = $\frac{P[1-(1+r)^{-n}]}{r}$

= $\frac{3000[1-(1+0.10)^{-9}]}{0.10}$

= $\frac{3000[1-(1.10)^{-9}]}{0.10}$

= $\frac{3000[1-0.4240976184]}{0.10}$

= $\frac{3000(0.5759023816)}{0.10}$

= $\frac{1,727.7071448}{0.10}$

= 17,277.071448 ≈ $17,277.07

3 0

3 years ago

Please answer the question to the best of your ability :)

Alex73 [517]

Answer:

Step-by-step explanation:

factorizing 24:

factors of 24 : 1, 2, 3, 4, 6, 8, 12

looking at your answer choices, we can see that 5 and 7 are not factors of 24, so we can immediately eliminate a and b.

we also see that answer c does indeed contain factors of 24 and they both add to 10. So c is the answer.

8 0

3 years ago

Read 2 more answers

Which statement is not one of the five essential parts needed to construct a good proof? a. Develop a system of inductive reason

notka56 [123]

the answer is D ................ .

5 0

4 years ago