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
Answer:
C Both the mean and median are appropriate measures of center.
Step-by-step explanation:
Answer:
x = ±i(√6 / 2)
General Formulas and Concepts:
<u>Pre-Algebra</u>
<u>Algebra I</u>
<u>Algebra II</u>
Imaginary root i
Step-by-step explanation:
<u>Step 1: Define</u>
<em>Identify</em>
2x² + 3 = 0
<u>Step 2: Solve for </u><em><u>x</u></em>
- [Subtraction Property of Equality] Subtract 3 on both sides: 2x² = -3
- [Division Property of Equality] Divide 2 on both sides: x² = -3/2
- [Equality Property] Square root both sides: x = ±√(-3/2)
- Simplify: x = ±i(√6 / 2)
Answer:
1/51
Step-by-step explanation:
Answer:
2
Step-by-step explanation: