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
A semicolon is used to separate variables from parameters. that we are defining a function of the parameters that returns a function of the variables.
Answer:
22.5
Step-by-step explanation:
Answer:
For example, LCM(2,3) = 6 and LCM(6,10) = 30.
Answer:
Positive
Step-by-step explanation:
-465+465
= 465-465
=0
Zero is positive.
