Answer:
$149.09
Step-by-step explanation:
56.75-14.10=42.65
42.65+41.50=84.15
84.15-11.03=73.12
73.12-7.25=65.87
65.87+83.22=149.09
Answer:
24x^2 -10x - 25
Step-by-step explanation:
24x^2 + 20x - 30x - 25
24^2 -10x - 25
Answer:
1) 4
2) -11
3) 1
4) -2
Step-by-step explanation:
Answer:
m∠y=72°
Step-by-step explanation:
<u><em>The question is</em></u>
Find the measure of angle y
step 1
Find the measure of angle x
see the attached figure to better understand the problem
we know that
m∠x=67° -----> by corresponding angles
step 2
Find the measure of angle y
we know that
(m∠x+m∠y)+42°=180° -----> because form a straight line
substitute the measure of angle x
67°+m∠y+42°=180
m∠y+108°=180
m∠y=180°-108°
m∠y=72°
Answer:
- <u>The rate of return is 8.15%</u>
- <u>This is a good investment</u>
<u></u>
Explanation:
For the first question, you need to find the rate that makes the present value of a stream of ten constant annual payments of $15,000 equal to the $100,000 investment.
The formula that returns the present value of a constant payment is called the annuity formula and is:
![Present\text{ }value=payment\times \bigg[\dfrac{1}{r}-\dfrac{1}{r(1+r)^t}\bigg]](https://tex.z-dn.net/?f=Present%5Ctext%7B%20%7Dvalue%3Dpayment%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B1%7D%7Br%7D-%5Cdfrac%7B1%7D%7Br%281%2Br%29%5Et%7D%5Cbigg%5D)
In your problem you know:
- Present value: $100,000
- payment: $15,000
- r: ?
- t: 10
You cannot solve for r directly. You must guess a value and calculate the right side of the equation until to you find the rate that makes it equal to 100,000.
Try 5%:
![\$15,000\times \bigg[\dfrac{1}{0.05}-\dfrac{1}{0.05(1+0.05)^{10}}\bigg]=\$115,826](https://tex.z-dn.net/?f=%5C%2415%2C000%5Ctimes%20%5Cbigg%5B%5Cdfrac%7B1%7D%7B0.05%7D-%5Cdfrac%7B1%7D%7B0.05%281%2B0.05%29%5E%7B10%7D%7D%5Cbigg%5D%3D%5C%24115%2C826)
Then, the rate of return is greater than 5%. After several trials you will find that the rate of return is 8.15%.
Since this rate is higher than 8%, which is what the company requires, this is a good investment.