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3 years ago

12

Your friend asks you to help him determine the appropriate price to pay for an annuity offering a retirement income of P10,000 a

month for 10 years. Assume the interest rate is 6% compounded monthly. (Hint: Present Value)

1 answer:

baherus [9]3 years ago

8 0

Answer:

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Step-by-step explanation:

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What is the value of n in the equation shown <br> below? <br> 2²×2n=(2

pychu [463]

Answer:

<h3>n = 1/4</h3>

Step-by-step explanation:

$2^2 \times 2n= (2)\\\\\mathrm{Simplify\:}2^2\times\:2n:\quad 8n\\\\\mathrm{Simplify\:}\left(2\right):\quad 2\\\\8n=2\\\\\mathrm{Divide\:both\:sides\:by\:}8\\\\\frac{8n}{8}=\frac{2}{8}\\\\Simplify\\\\n=\frac{1}{4}$

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3 years ago