Need help ASAP. WILL MARK BRAINLIEST.
1 answer:
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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:
x = -14
Step-by-step explanation:
The expression to write in this problem is:
"the sum of x and 12 equals the sum of half of x and 5"
We have:
- The sum of x and 12 is:
- The sum of half of x and 5 is:
So, the equation to write in this problem is
We solve it as follows:
1) First, we subtract from both sides, and we get
2) Then, we subtract 12 from both sides:
3) Now we multiply both sides by 2:
So, this is the solution.