We are asked to determine the present value of an annuity that is paid at the end of each period. Therefore, we need to use the formula for present value ordinary, which is:
Where:
Since the interest is compounded semi-annually this means that it is compounded 2 times a year, therefore, k = 2. Now we need to convert the interest rate into decimal form. To do that we will divide the interest rate by 100:
Now we substitute the values:
Now we solve the operations, we get:
Therefore, the present value must be $39462.50
This question is incomplete
Complete Question
Tyler went to the supermarket to buy food for a food pantry. He has $36, and can carry up to 20 pounds of food in his backpack. Pasta costs $1 for a 1-pound package. Pasta sauce costs $3 for a 1.5 pound jar. Let x = the number of packages of pasta and y = the number of jars of pasta sauce. One package of pasta is the right amount to go with one jar of pasta sauce. What is the best numbers of packages of pasta and jars of pasta sauce to buy for the food pantry? Explain your reasoning.
Answer:
Eight is the best numbers of packages of pasta and jars of pasta sauce to buy for the food pantry.
Step-by-step explanation:
Let
x = the number of packages of pasta
y = the number of jars of pasta sauce.
He has $36, and can carry up to 20 pounds of food in his backpack. Pasta costs $1 for a 1-pound package. Pasta sauce costs $3 for a 1.5 pound jar.
x + 1.5y ≤ 20....... Equation 1
x = 20 - 1.5y
x × $1 + y × $3 = $36
x + 3y ≤ 36..... Equation 2
20 - 1.5y + 3y = 36
-1.5y + 3y = 36 - 20
1.5y = 16
y = 16/1.5
y = 8
And x = 8
Therefore,
Eight is the best numbers of packages of pasta and jars of pasta sauce to buy for the food pantry.
Answer:
Graph number 2
Step-by-step explanation:
See attached image.
Step-by-step explanation
Here ...I'm not too sure about the question as you have written
P = 2 ( 1 + 6 ) and ask to solve for L ...
.So I guess the question you have written is wrong .. ...and I guess there should be L in the place of 1.
...So let me correct the question....
P = 2 ( l + 6 )
P = 2l + 12
P - 2l = 12
- 2l = 12 - P
- 2l = - P + 12
Change the sign of both side of the equation...
2l = P + 12
divide both side by the same number...
L = ( P + 12 ) ÷ 2
Calculate the product of rational numbers...
Answer:
hey soryy i forgot
Step-by-step explanation:
