The preferred gig is the first one since its today's worth is greater than the today's value of the second gig
What is the today's worth of $5000 each year?
The worth of the second gig, which pays $5000 every year for the next 6 years in today's dollar is the present value of all the six annual cash flows discounted using the present value formula of an ordinary annuity as shown below:
PV=PMT*(1-(1+r)^-N/r
PV=present value of annual payments for 6 years=unknown
PMT=annual payment=$5000
r=required return=discount rate=8%
N=number of annual cash flows=6
PV=$5000*(1-(1+8%)^-6/8%
PV=$5000*(1-(1.08)^-6/0.08
PV=$5000*(1-0.630169626883105)/0.08
PV=$5000*0.369830373116895
/0.08
PV=$23,114.40
The fact that the present value of the second option which pays $5000 annually is lesser than the amount receivable immediately, which is $25,000, hence, the first gig is preferred
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The simultaneous equations are
2x - 7y = 4 (1)
3x + y = -17 (2)
Write (2) as
y = - 3x - 17 (3)
Substitute (3) into (1).
2x - 7(-3x - 17) = 4
2x + 21x + 119 = 4
23x = -115
x = -5
This is the equation obtained after substituting y from the second equation into the first equation.
The solution for y is
y = -3(-5) - 17 = -2
Answer: x = -5
Note: The solution is x = -5, y = -2.
Answer:
0.0023 = 0.23% probability that all 5 balls selected will be the same color
Step-by-step explanation:
A probability is the number of desired outcomes divided by the number of total outcomes.
The order in which the balls are selected is not important, which means that the combinations formula is used to solve this question.
Combinations formula:
is the number of different combinations of x objects from a set of n elements, given by the following formula.

Desired outcomes:
Either 5 amber from a set of 6, or 5 blue from a set of 5. So

Total outcomes:
5 balls selected from a set of 6 + 5 + 4 = 15. So

Probability:

0.0023 = 0.23% probability that all 5 balls selected will be the same color
$1086.20
First let’s find her commission.
Convert 13% to a decimal
13/100=0.13
3740*0.13=468.20
Then let’s find how much she made from her weekly salary
There are 4 weeks in January, and she makes $150 each week
150*4=600
Add the commission and salary together
600+468.20=1086.2
She earned $1068.20 for the 4 weeks in January.
Hope this helped!