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Leno4ka [110]
2 years ago
10

The maybe pay life insurance co. is trying to sell you an investment policy that will pay you and your heirs $39,000 per year fo

rever. if the required return on this investment is 5.8 percent, how much will you pay for the policy? (do not round intermediate calculations. round your answer to 2 decimal places,
e.g., 32.16.)
Mathematics
2 answers:
GenaCL600 [577]2 years ago
7 0

Answer:

Step-by-step explanation:

Given that,

Investment policy pay

PV= $39,000/year

% investment return =5.8%

r= 5.8% =5.8/100 = 0.058

Even though we need to calculate the value for one year, so we need to use one years as the number of periods. To find the FV of a lump sum, we use:

FV=PV/r

FV=39,000/0.058

FV= $672,413.7931

To 2d.p

FV=$672,413.79

Lorico [155]2 years ago
5 0
This cash flow is a perpetuity. To find the present value of perpetuity, we use the equation of
Pv=C÷r
Pv=39,000÷0.058
Pv=672,413.79
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Answer for 14+3y &lt; 65
ivanzaharov [21]
Hey there!

14 + 3y < 65

SOME people replace “<”, “>”, “≥”, or “≤” as an equal sign (=) to make it easier to solve

14 + 3y < 65
14 + 3y = 65

SUBTRACT by 14 on both of your sides
3y + 14 - 14 = 65 - 14
CANCEL out: 14 - 14 because that gives you 0
KEEP: 65 - 14 because it helps you solve for “y”

**65 - 14 = 51**

NEW EQUATION: 3y = 51

DIVIDE by 3 both of your sides
3y/3 = 51/3
CANCEL out: 3/3 because that gives you 1
KEEP: 51/3 because it gives you the value of “y”



NEW EQUATION: y = 51/3

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Answer: y = 17 ☑️

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