Answer:
r
=
1
Step-by-step explanation:
Based on the commission that Xavier receives from Art Van Furniture, the total value of the furniture sold is $5,500.
<h3>How much furniture did Xavier sell?</h3>
The commission that Xavier earns on his first $1,000 should be removed to be:
= 930 - (12% x 1,000)
= $810
This value of $810 is 18% of the balance of Xavier's sales:
= 810 / 18%
= $4,500
Added to the first $1,000, Xavier's total sales are:
= 4,500 + 1,000
= $5,500
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Answer:
The value of the annuity is $326,852.3766.
Step-by-step explanation:
Here is the required formula to find the present value of annuity:
We can find the present value of annuity:

Here:
P = $50,000
n = represents the number of number of periods
r = 0.11

PV = $326,852.3766
The value of the annuity is $326,852.3766 i.e. PV = $326,852.3766.
Keywords: discount rate, present value of annuity
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Answer: D
Step-by-step explanation:
All of it’s angles are equal