Answer:
The PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5% is $20,352.
Step-by-step explanation:
P = PMT [(1 - (1 / (1 + r)
)) / r]
= 2,700 [(1 - (1 / (1 + 0.055)
)) / 0.05]
= 2,700 [(1 - (1 / (1 + 0.055))) / 0.05]
= 2,700 [(1 - (1 / (1.708)) / 0.05]
= 2,700 [(1 - 0.58)) / 0.05]
= 2,700 [(0.41457) / 0.05]
= 2,700(7.53)
=$ 20,352
Answer:
286 cm.
Step-by-step explanation:
You add up the two sections, since it is implied that there are no intersection between the two lengths.
178 + 108 = 286 cm.
Answer:
B
Step-by-step explanation:
Took the test on AP3X
Answer:
20% decrease in value.
Step-by-step explanation:
Do 650,000 divided by 100 to find what 1% of the original price is:
650,000 divided by 100 = 6,500
To find what percentage of the original price 520,000 is, we divide it by 1% of the original cost (6,500):
520,000 divided by 6,500 = 80 (percent)
So if 520,000 is 80% of 650,000 the car has decreased in value by 20%.
