Shane has a segment with endpoints C(3, 4) and D(11, 3) that is divided by a point E such that CE and DE form a 3:5 ratio. He kn
ows that the distance between the x-coordinates is 8 units. Which of the following fractions will let him find the x-coordinate for point E?a. 
b.
c.
d.
b.
c.
d.
1 answer:
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We can calculate it by PVOA table.
PVOA means present value of an ordinary annuity.
PMT = $350
PMT means recurring payment.
time = 5 years and interest rate is 4%
So n = 5 and i = 4%
So we can calculate PVOA as
PVOA = PMT times (PVOA factor for n = 5 and i = 4%)
(PVOA factor PVOA table)
So present value is $1558.2
PVOA means present value of an ordinary annuity.
PMT = $350
PMT means recurring payment.
time = 5 years and interest rate is 4%
So n = 5 and i = 4%
So we can calculate PVOA as
PVOA = PMT times (PVOA factor for n = 5 and i = 4%)
So present value is $1558.2