Answer:
MN = 3
Step-by-step explanation:
The following are congruent to each other as each pair are tangents of a circle drawn from the same external point:
PQ = QJ = 1
JK = KL = 4 - 1 = 3
MN = ML
Thus, ML = KM - KL
ML = 6 - 3 = 3
Therefore, MN = ML = 3 (both are tangents drawn from the same external point, M.
Answer:
$17,277.07
Step-by-step explanation:
Present value of annuity is the present worth of cash flow that is to be received in the future, if future value is known, rate of interest is r and time is n then PV of annuity is
PV of annuity = ![\frac{P[1-(1+r)^{-n}]}{r}](https://tex.z-dn.net/?f=%5Cfrac%7BP%5B1-%281%2Br%29%5E%7B-n%7D%5D%7D%7Br%7D)
= ![\frac{3000[1-(1+0.10)^{-9}]}{0.10}](https://tex.z-dn.net/?f=%5Cfrac%7B3000%5B1-%281%2B0.10%29%5E%7B-9%7D%5D%7D%7B0.10%7D)
= ![\frac{3000[1-(1.10)^{-9}]}{0.10}](https://tex.z-dn.net/?f=%5Cfrac%7B3000%5B1-%281.10%29%5E%7B-9%7D%5D%7D%7B0.10%7D)
= ![\frac{3000[1-0.4240976184]}{0.10}](https://tex.z-dn.net/?f=%5Cfrac%7B3000%5B1-0.4240976184%5D%7D%7B0.10%7D)
= 
= 
= 17,277.071448 ≈ $17,277.07