3 years ago

Please help me out and with work included

Mathematics

1 answer:

irina1246 [14]3 years ago

3 0

Hope that makes sense

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You have won the lottery and will receive 20 annual payments of $10,000 starting today. If you can invest these payments at 8.5%

xxTIMURxx [149]

Answer:

$102,677.20

Step-by-step explanation:

The present value of an annuity due is determined by the following expression:

$PV = P+P*(\frac{1-(1+r)^{-n+1}}{r})$

Where 'P' is the amount of each payment received, 'r' is the interest rate on the investment and 'n' is the number of yearly payments.

With 20 annual payments of $10,000 at a rate of 8.5%, the present value is:

$PV = 10,000+10,000*(\frac{1-(1+0.085)^{-20+1}}{0.085})\\PV = 10,000+ 10,000*(9.26772)\\PV=\$102,677.20$

The present value of your winnings is $102,677.20.

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3 years ago

Elijah put 2x+3 dollars in the bank the first week. The following week he doubled the first week’s savings and put that amount i

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I believe the answer would be $79.50.

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3 years ago

Which of the following is the solution of –6x – 17 = 19?

Ostrovityanka [42]

-6x=19+17
-6x=36 /(-6)
x=-6

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4 years ago

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HELP NOWWWWW PLEASEEEEE<br> How many 1/3's are in 1 and 2/3?

kiruha [24]

Answer:

5 thirds

Step-by-step explanation:

Make 1 2/3 into a improper fraction. Now you have 5/3. 5/3-(1/3*5)=0

Therefore, 5x1/3=5/3=1 2/3

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3 years ago

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analyze the diagram below and complete the instructions that follow . find the value of z. A.11 B.32 C.50 D.68

masha68 [24]

Answer:

Step-by-step explanation:

x = √30² - 18² = √576 = 24

tan A = 18/24 = 3/4

∠A = ∠B

tan B = tan A = 24 / y = 3 / 4

y = (24 x 4) / 3 = 32

Z = y + 18 = 32 + 18 = 50

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3 years ago