Annuity formula is given by:
FV=P[(1+r)^n-1]/r
FV=future value
r=rate
n=time
P=principle
Plugging the value from the question we obtain:
FV=10000[(1+0.07)^6-1]/0.07
FV=71,532.91
Thus the current value of the annuity is given by:
A=p(1+r)^n
plugging in the values we obtain and solving for p we get:
71532.91=p(1+0.07)^6
p=71532.91/(1.07)^6
p=$47665.40
Hence the answer:
B] $47665
If you round it to the nearest pound it is 1.1 kg
2.5/2.2 = 1.13....
Yes you can i think........
Answer:
steps below
Step-by-step explanation:
3 = 2/3 m
m = 9/2
by the matrix property of associative: (A+B)+C = A+(B+C)
H = [-2 8 -1]
m x H = 9/2 x [-2 8 1] = [-9 36 -9/2]
Answer:
5/12 of rain came, or 10 inches
Step-by-step explanation:
complete rain be 1
then, =1-(1/4+1/3)
=1-(3+4/12) take lcm
=1-7/12
=12-7/12 again lcm
= 5/12
or
1/4 of 24 inches means 1/4×24= 6 inches
1/3 of 24 inches, then 1/3×24= 8 inches
therefore, rest of the months get
= 24-(6+8)
=24-14
=10 inches
