Hi there
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r)^(-n))÷r]
So we need to solve for pmt (the amount of the annual withdrawals)
PMT=pv÷ [(1-(1+r)^(-n))÷r]
Pv present value 65000
R interest rate 0.055
N time 10 years
PMT=65,000÷((1−(1+0.055)^(
−10))÷(0.055))
=8,623.40....answer
Hope it helps
About 88? people are present.
Answer:
$219.70
Step-by-step explanation:
First, you need to find the area of the certificate, which you can do by multiplying 10*13, since it is a rectangle. 10*13 is 130. Then, multiply 130 by the price per inch, which is $1.69. 130*1.69=219.7, which in financial terms would amount to $219.70.
Answer:
Step-by-step explanation:
- Total number of bikes = 18
- Bikes with gears S = 9
- Bikes with suspension S = 11
- Bikes with both GS = 5
<u>From the information above we have:</u>
- Bikes with gears only = 9 - 5 = 4
- Bikes with suspension only = 11 - 5 = 6
<u>Sum of the above two gives us the number of bikes with suspension or gears:</u>
<u>Probability of selected bike be G or S is:</u>