This is a question on Present Value of Annuity and we seek the periodic withdrawal.
where:
FVA = Future value of annuity
PMT = Periodic Withdrawal
i = interest/discount rate
n = no of years
m = no of compundings per interest period
PMT = $22.01
Answer:
20%
Step-by-step explanation:
When you divide 40 by 8, you get 0.2. To convert a decimal into a percent, you multiply by 100 to get 20.
Hence,
8 is 20% of 40.
Hope this helps!!! PLZ MARK BRAINLIEST!!!
Answer:
53.5
Step-by-step explanation:
c = the height of the first 3 boys.
c = 54 + 48.5 + 46
c = 148.5
Now you add a fourth boy. His height is h.
A(h)= (c + h)/d
d = the total number of boys which is 4.
The new average is 50.5
A = (c + h)/d
50.5 = (148.5 + h) / 4 Multiply both sides by 4
202 = 148.5 + h Now subtract 148.5 from both sides
202 - 148.5 = h
h = 53.5
If the last number is supposed to be 500 then the pattern is times 5.
4*5=20
20*5=100
100*5=500
c=number of crossings; Q=quarterly pass; S=semi-annual pass; P=pay as you go
P=$2.50c
Q=$12+$0.50c
S=$40
Compare single pay and quarterly ticket:
$2.50c=$12+$0.50c Subtract $0.50c from each side
$2.00c=$12 Divide each side by $2.
c=6 6 crossings is the break even for single pay and quarterly ticket: more crossings favor the ticket.
Compare quarterly and semi-annual tickets:
3 month pro-rated cost of semi annual ticket=$20
$20=$12+$0.50c Subtract 12 from each side
$8=$0.50c Divide each side by $0.50
16=c The break=even point between quarterly and semi annual tickets is 16 crossings per 3 months. More than this favors the semi annual ticket.
ANSWER: The three month pass is the best deal if you cross between 6 and 16 times during the three month period.
I hope this help you
