Answer:
The value of the annuity is $326,852.3766.
Step-by-step explanation:
Here is the required formula to find the present value of annuity:
We can find the present value of annuity:
Here:
P = $50,000
n = represents the number of number of periods
r = 0.11
PV = $326,852.3766
The value of the annuity is $326,852.3766 i.e. PV = $326,852.3766.
Keywords: discount rate, present value of annuity
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Answer:
It is a negative correlation
Step-by-step explanation:
As the x value increases the y value decreases. This causes it to be a negative.
6x - 3y = 15.....multiply by 4
7x + 4y = 10....multiply by 3
---------------
24x - 12y = 60 (result of multiplying by 4)
21x + 12y = 30 (result of multiplying by 3)
---------------add
45x = 90
x = 90/45
x = 2
6x - 3y = 15
6(2) - 3y = 15
12 - 3y = 15
-3y = 15 - 12
-3y = 3
y = -3/3
y = -1
solution is (2,-1) <==
Answer:
- 7 dollars
Step-by-step explanation:
27 - 7 = 20
Answer:
<u>First blank:</u> 2. Extrapolation
<u>Second blank:</u> 2. 69
Step-by-step explanation:
Extrapolation should be used because the point (x, y) is further than the points included in the table, that is, the x-coordinate will be greater than 12 when y = $0
Replacing y = 0 into the equation, we get:
0 = -115.9x + 8,007.30
115.9x = 8,007.30
x = 8,007.30/115.9
x = 69
