Hi there
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r)^(-n))÷r]
So we need to solve for pmt (the amount of the annual withdrawals)
PMT=pv÷ [(1-(1+r)^(-n))÷r]
Pv present value 65000
R interest rate 0.055
N time 10 years
PMT=65,000÷((1−(1+0.055)^(
−10))÷(0.055))
=8,623.40....answer
Hope it helps
Answer:
no, because it has a constant rate of change
Step-by-step explanation:
this is because the x and y change at the same rate. non linear means that they dont change at the same rate.
Answer:
m=3/4
Step-by-step explanation:
The problem statement appears to be trying to tell you that 60 million barrels of crude were processed, resulting in 34% of that volume being turned into gasoline, which was then sold for a total of $408 million. You are asked for the revenue associated with 1 barrel of gasoline.
($408·10^6)/(60·10^6 bbl × 0.34) = $408/(20.4 bbl) = $20/bbl
The income from one barrel of gasoline is $20.00.
