Answer:
x = 1091.63315843
<span>
Setting Up:
7 = ln ( x + 5 )
ln translates to "log" with an "e" as the base or subscript ( a small "e" at the bottom right of the "g" in log).
You take the base of the log and put it to the power of "7" ( "7" is the natural log of ( x + 5 ) in this problem ).
The value of which the logarithm is calculated is set equal to the base of the logarithm to the power of the calculated logarithm of the value.
e^7 = x + 5
Solving</span>:
e = 2.71828182846
Natural logarithms are logarithms to the base of the constant 'e'.
e^7 = x + 5 ( simplify e^7 )
<span>1096.63315843 = x + 5
</span>
Subtract 5 from each side.
1091.63315843 = x
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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