Answer:
$102,677.20
Step-by-step explanation:
The present value of an annuity due is determined by the following expression:

Where 'P' is the amount of each payment received, 'r' is the interest rate on the investment and 'n' is the number of yearly payments.
With 20 annual payments of $10,000 at a rate of 8.5%, the present value is:

The present value of your winnings is $102,677.20.
Answer:
e^-1.6094 = 0.2
Step-by-step explanation:
The inverse of In is e
If In 0.2 = -1.6094
Then e^-1.6094 = 0.2
Answer:
The answer is 21/22
Step-by-step explanation:
n/7=3/22
then you cross-multiply
we have 22n=21
divide both sides by 22 to make n the subject of formula
n=21/22
Answer:
5.05
Step-by-step explanation:
3.85+0.05+1.15
= $5.05