Answer:
2028.863 to the nearest hundredth
The Number In The Hundredth Place Is 6 And The The Number Following Is 3 And Because Its Less Than 5, The 6 Will Remain.
So Its 2028.86
The answer is No.................
Answer: Anything greater then -16 (EX: -15, -14)
Work: This is a One-Step Inequality equation, meaning you just need to divide. You need to get x by itself, so you divide the 6 on both sides, but since there is a negative, you have to flip the sign. So, the answer is x > -16.
Check: 6(-15) > -96; -90 > -96 < It's correct.
The preferred gig is the first one since its today's worth is greater than the today's value of the second gig
What is the today's worth of $5000 each year?
The worth of the second gig, which pays $5000 every year for the next 6 years in today's dollar is the present value of all the six annual cash flows discounted using the present value formula of an ordinary annuity as shown below:
PV=PMT*(1-(1+r)^-N/r
PV=present value of annual payments for 6 years=unknown
PMT=annual payment=$5000
r=required return=discount rate=8%
N=number of annual cash flows=6
PV=$5000*(1-(1+8%)^-6/8%
PV=$5000*(1-(1.08)^-6/0.08
PV=$5000*(1-0.630169626883105)/0.08
PV=$5000*0.369830373116895
/0.08
PV=$23,114.40
The fact that the present value of the second option which pays $5000 annually is lesser than the amount receivable immediately, which is $25,000, hence, the first gig is preferred
Find out more about ordinary annuity on:brainly.com/question/13369387
#SPJ1
