1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DerKrebs [107]
3 years ago
9

A consol paying $20 annually when the interest rate is 5 percent has a price of

Mathematics
1 answer:
allsm [11]3 years ago
8 0
Answer:  $ 400 .
_________________________
Explanation:
_____________________________________
Note that a "consol" is a "perpetuity".
______________________________________________
To find the "PV" (Present Value) of a perpetuity, we use the equation:   PV = C / r  = Current value / interest rate
         
       = $20 / (5%) = $20 / (5/100) = $20 / (0.05) =  $400 .
___________________________________________________
You might be interested in
Find the slope of the line 0,1 and -3,-3​
nata0808 [166]
The slope is 4/3. just use the formula.
3 0
4 years ago
What is the area of the shape?
Nimfa-mama [501]
A = (14)(18) + 1/2(18)(13)
A = 252 + 117
A = 369

answer
369 m^2
8 0
4 years ago
Select the correct answer.
dolphi86 [110]

Answer:

your answer gonna be the letter D 20

6 0
3 years ago
Colin and Dan are making exam papers each set takes Colin 23 minutes and Dan one hour express the time Colin and Dan take as a r
Alchen [17]

Answer:

23

Step-by-step explanation:

7 0
3 years ago
The plot shown to the right displays the number of books read last month by nine students. What is the median number of books re
Flauer [41]
1 is the median

0000(1)2234

The median is the middle number
4 0
3 years ago
Other questions:
  • What is the greatest common factor of the polynomial? 24x 3 − 16x 2 + 68x
    7·1 answer
  • What are the real and imaginary parts of the complex number?<br><br>-6-i
    14·2 answers
  • The students in a class of 24 share 48 apple slices and 36 orange slices equally among them. How many pieces of fruit did each s
    13·1 answer
  • You walk across a bridge and you see a boat full of people yet there isn't a single person on there, how is that possible?
    10·2 answers
  • Ethan needs to save at least $500 to purchase a new dirt bike. So far, he has saved $175. If he hopes to use two-fifths of his n
    11·2 answers
  • Jaylynn draws a hen on graph paper using the scale shown below the hen has a length of 16 units in the drawing what is the heigh
    12·2 answers
  • brand A has a recognition value worth 43 billion more than brand B if the total value of these two brands is 109 billion find th
    8·1 answer
  • Rachel ordered a pizza for $21 and a soda for $3.29.If she hands the cashier $25, how much change will she get back
    11·2 answers
  • You have less than three hours to finish your
    8·1 answer
  • What is the perimeter of a rectangle with a length of 11.25 inches and a<br> width of 8 inches?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!