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Ratling [72]
3 years ago
12

Jen bought 5cds for 20.50 what was the unit price?

Mathematics
2 answers:
kondor19780726 [428]3 years ago
3 0
You answer is 4 dollars and 10 cents
victus00 [196]3 years ago
3 0
The unit price is $4.10 because 20.50 divided by 5 is 4.1
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11. You expect to have the given amount in an account with the given terms. Find how much you can withdraw periodically in order
Orlov [11]

This is a question on Present Value of Annuity and we seek the periodic withdrawal.

\begin{gathered} F\text{VA}=\text{PMT(}\frac{(1+\frac{i}{m})^{nm}-1}{\frac{i}{m}}) \\ \text{Therefore, PMT=}\frac{FVA}{(\frac{(1+\frac{i}{m})^{nm}-1}{\frac{i}{m}})} \end{gathered}

where:

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i = interest/discount rate

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m = no of compundings per interest period

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PMT = $22.01

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