1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AveGali [126]
3 years ago
8

If the future value of an annuity due is $25,000 and $24,000 is the future value of an ordinary annuity that is otherwise simila

r to the annuity due, what is the implied discount rate?
a. 1.04%
b. 4.17%
c. 5.00%
d. 8.19%
Mathematics
1 answer:
8_murik_8 [283]3 years ago
6 0
Future value of annuity due can be calculated using the following rule:
FVAD = FVOA x (1+r)
where:
FVAD is the future value of annuity due = $25,000
FVOA is future value of ordinary annuity = $24,000
r is the discount rate we want to calculate

Substitute with these givens in the above equation and get r as follows:
<span>$25,000 = $24,000 × (1 + r)
r = 0.0417 which is equivalent to 4.17%
</span>
Answer: b) 4.17%
You might be interested in
Is the ratio 50 yards to 18 seconds a rate? Explain.
Anna11 [10]

Answer:50:18

Step-by-step explanation:

I think that this is the answer because 50 yards can be ran in 18 seconds so for every 18 seconds you get 50 yards

7 0
3 years ago
Two large and 1 small pumps can fill a swimming pool in 4 hours. One large and 3 small pumps can also fill the same swimming poo
sergey [27]

Answer:

It would take you 5/3 hours, or 1 hour and 40 minutes.

Hope I helped! ☺

7 0
2 years ago
Can somebody answer this for me, please? <br><br> **_You get 20 Points_**
nevsk [136]
<h3>♫ - - - - - - - - - - - - - - - ~Hello There!~ - - - - - - - - - - - - - - - ♫</h3>

➷ Use this formula:

Area = ((a + b)/2) x h

a is the top length

b is the bottom length

h is the vertical height

1) Substitute in the values:

((3.8 + 6.2)/2) x 7 = 35ft^2 <== this is the answer

2) Substitute in the values:

((10.3 + 15.1)/2) x 12.6 = 160.02in^2 <== this is the answer

<h3><u>✽</u></h3>

➶ Hope This Helps You!

➶ Good Luck (:

➶ Have A Great Day ^-^

↬ ʜᴀɴɴᴀʜ ♡

3 0
3 years ago
Read 2 more answers
Mr. Jones eats out at his favorite buffet restaurant every Friday night. If the cost is $9 and he budgets $42 for the month, how
alexandr402 [8]

Answer:

He will be able to eat nine times.

Step-by-step explanation:

Because nine times nine is 91 which is on one less then what he has, so that means he will be able to eat there nine times. Hope I helped

7 0
2 years ago
10 mL = ____________ L ( 1L = 1000 ml
DENIUS [597]

Solution:

<u>Note that:</u>

  • 1 L = 1000 ml

<u>Using the clue above, let's solve each problem.</u>

  • 10 mL        =        10/1,000 L           =           0.01 L
  • 1.2 L          =     1.2 x 1,000 mL        =       1,200 mL
  • 3,500 mL =     3,500/1,000 L        =           3.5 L
  • 4 L            =       4 x 1,000 mL        =       4,000 mL
  • 230 mL    =        230/1,000 L         =           0.23 L
  • 6.21 L       =     6.21 x 1,000 mL      =       6,210 mL

Hoped this helped!

4 0
2 years ago
Other questions:
  • A water tank holds 18000 gallons. How long will it take for the water level to reach 6000 gallons if the water is used at an ave
    12·2 answers
  • Lucia knows the fourth term in a sequence is 52 and the ninth term in the same sequence is 82. Complete the explanation of how s
    6·1 answer
  • 1/6 6% 3/5 60% 6/100 which two values are equivalent to 0.6
    6·1 answer
  • I can't figure this one out.
    5·1 answer
  • What is the y access
    9·2 answers
  • Find the equation of the linear function represented by the table below in slope-
    11·1 answer
  • What is the number of the parking space covered by the car? This tricky math problem went viral a few years...
    10·1 answer
  • If there are 81 students is the band<br> how many boys are in the band
    11·2 answers
  • Plss help is this linear or non-linear??
    10·2 answers
  • Does this graph represent a function? Why or why not?​
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!