Annuity formula is given by:
FV=P[(1+r)^n-1]/r
FV=future value
r=rate
n=time
P=principle
Plugging the value from the question we obtain:
FV=10000[(1+0.07)^6-1]/0.07
FV=71,532.91
Thus the current value of the annuity is given by:
A=p(1+r)^n
plugging in the values we obtain and solving for p we get:
71532.91=p(1+0.07)^6
p=71532.91/(1.07)^6
p=$47665.40
Hence the answer:
B] $47665
Answer:
you didn't include a picture.
Step-by-step explanation:
if you want to include a picture I can try to help you
anything above 28
Step-by-step explanation:
Seven times 4 is 28, times any number is anything 28 and above
Answer:
44
Step-by-step explanation:
Answer:
TU = 6
Step-by-step explanation:
Using the Segment Addition Postulate, we know that TU + UV = TV, and since UV = 6 and TV = 12, we know that TU + 6 = 12, therefore, TU = 6.
