Answer:
The PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5% is $20,352.
Step-by-step explanation:
P = PMT [(1 - (1 / (1 + r))) / r]
= 2,700 [(1 - (1 / (1 + 0.055))) / 0.05]
= 2,700 [(1 - (1 / (1 + 0.055))) / 0.05]
= 2,700 [(1 - (1 / (1.708)) / 0.05]
= 2,700 [(1 - 0.58)) / 0.05]
= 2,700 [(0.41457) / 0.05]
= 2,700(7.53)
=$ 20,352
Answer:
p = 2.7x - 20
p(90) = $223
Step-by-step explanation:
revenue → f(x) = 3x ,where x is the number of downloads.
the statement “Your profit p is $20 less than 90% of the revenue for x downloads”
<u><em>means</em></u>
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………………………………
the profit for 90 downloads :
= p(90)
= 2.7×(90) - 20
= $223
Answer:
Step-by-step explanation:
Combine like terms (terms with the same exponent).
"Standard form" means to list terms so the exponents go from high to low (descending order).