Answer:
Therefore the least common denominator is 24.
Step-by-step explanation:
2/6 = 8/24
7/8 = 21/24
No more explanation.
Answer:
The value of the annuity is $326,852.3766.
Step-by-step explanation:
Here is the required formula to find the present value of annuity:
We can find the present value of annuity:

Here:
P = $50,000
n = represents the number of number of periods
r = 0.11

PV = $326,852.3766
The value of the annuity is $326,852.3766 i.e. PV = $326,852.3766.
Keywords: discount rate, present value of annuity
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Answer:
X=51/7, Y= -36/7
Step-by-step explanation:
X/3 + 2y/3 = -1 equ 1
X - y/3 = 9 equ 2
eliminate X/3.
X/3 + 2y/3 = -1..... x 1 ( co-efficient of X in equ2 )
X - y/3 = 9 ...... x 1/3 ( co-efficient of X in equ1 )
X/3 + 2y/3 = - 1 equ 3
-
X/3 - y/9 = 3 equ 4
0 + 7y/9 = -4
y = -36/7
( input the value of y into equ 4 )
X/3 -y/9 = 3
X/3 - (-36/7)/9 = 3
X/3 + 36/63 = 3
X/3 = 3 - 36/63
X/3 = 153/63
63X = 459
X = 459/63
X = 51/7.