Answer:
The PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5% is $20,352.
Step-by-step explanation:
P = PMT [(1 - (1 / (1 + r)
)) / r]
= 2,700 [(1 - (1 / (1 + 0.055)
)) / 0.05]
= 2,700 [(1 - (1 / (1 + 0.055))) / 0.05]
= 2,700 [(1 - (1 / (1.708)) / 0.05]
= 2,700 [(1 - 0.58)) / 0.05]
= 2,700 [(0.41457) / 0.05]
= 2,700(7.53)
=$ 20,352
Answer:
3y = 2x + 24
Step-by-step explanation:
The correct question is as follows;
Write an equation of the line that goes through the point (6, 12) and has a slope of 2/3
Solution
Here, we have a point and a slope, and we want to write the equation of the line
The method we shall use here is the point slope method
Mathematically, that will be;
y-y1 = m(x-x1)
(x1,y1) = (6,12)
m = 2/3
y-12 = 2/3(x-6)
3(y-12) = 2(x-6)
3y-36 = 2x - 12
3y = 2x -12 + 36
3y = 2x + 24
Answer: 7 1/2
Step-by-step explanation:
hi
line equation is : mx+p
so if a line goes throught A(4;6) and with m = 3 so you have 3 *(4) +P = 6
so : 12 +P = 6
P = 6-12
P = -6
line equation is : 3m -6
Answer:
r=8
Step-by-step explanation:
Given formula:
r = C / 2π
It is given that C = 16π
hence
r = 16π / 2π = 8
