We are asked to determine the present value of an annuity that is paid at the end of each period. Therefore, we need to use the formula for present value ordinary, which is:

Where:

Since the interest is compounded semi-annually this means that it is compounded 2 times a year, therefore, k = 2. Now we need to convert the interest rate into decimal form. To do that we will divide the interest rate by 100:

Now we substitute the values:

Now we solve the operations, we get:

Therefore, the present value must be $39462.50
Answer:
x=3/5
Step-by-step explanation:
x^2+4x=5
x+4x=5x
5x+2=5
-2 -2
5x=3
divide 5 from each side
5/5x=3/5
<u>x=3/5</u>
Step-by-step explanation:
p1=7
p2=10
p3=13
nxjdkkdkdkd
Answer
-11/3>x>7/3
Step-by-step explanation:
|3*7/3+2|=9
|7+2|=9
|9|=9
9=9
therefore, x must be > 7/3
|3*-11/3+2|=9
|-11+2|=9
|-9|=9
9=9
therefore, x must be < -11/3
True. College graduates often spend more money on lottery tickets than those with only a high school education, hoping to win big to pay off student loans. Hope this helps!