simplified version: 5q = 65
5q = 65
q = 13
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
Answer:
x = 4.3
Step-by-step explanation:
x= 4.3
I think that's what your looking for
Alright bud the best answer to this question will be that the mode is 12 because it appears the most
