Answer:
650396.82$ must be deposited to make the annuity payment of 50000 for 20 years.
Step-by-step explanation:
Given Periodic payments, PMT=50,000$ every year for 20 years.
And deposited amount is compounded annually with 4.5% interest rate.
And interest rate,, where m= number of payments in a year=1 here.
And time period, n=20
The amount deposited is nothing but present value.
Hence PV=
=
=$650396.823≈$650396.82
Clear Print: y = 2x
Sue: y = 36 + 0.50x
Clear Print: y = 2(60) = $120
Sue: y = 36 + 0.50(60) = $66
Sue offers the better price for 60 invitations
Answer:
well you would pay $16.50 with the discount so you would save $5.50.
Step-by-step explanation:
4(x)=$354.80
x= $88.70
88.7 multiplied by 4 equals $354.80