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
Y = 1
Using y = mx + c.
Compare to y = 1, y = 0x + 1 ,
We can see that the slope m = 0 and the vertical intercept, c = 1.
For the line perpendicular to y = 1
Condition for perpendicularity m₁m₂ = -1
m₁ = 0, m₂ = ?
0*m₂ = -1
m₂ = -1/0 = Negative Infinite or Infinite
Slope of line perpendicular to y = 1, is = Infinite.
P(z < 3)
From the normal distribution table,
P(z < 3) = 0.9987
Answer:
He has 4 more to hang
Step-by-step explanation:
13 total; you must add the 5 he already hung in the morning plus, the 4 he hung in the afternoon; leaving you with 4 because 5 plus 4 is 9. 13 minus 9 is 4.
