Answer:
282.74
Step-by-step explanation:
Answer:
$102,677.20
Step-by-step explanation:
The present value of an annuity due is determined by the following expression:

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:

The present value of your winnings is $102,677.20.
Answer:
linear equation
Step-by-step explanation:
it is because x has degree 1.
degree 2:- quadratic
,,. 3:- cubic
,,. 4:- bi quadratic
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