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Answer:
The PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5% is $20,352.
Step-by-step explanation:
P = PMT [(1 - (1 / (1 + r))) / r]
= 2,700 [(1 - (1 / (1 + 0.055))) / 0.05]
= 2,700 [(1 - (1 / (1 + 0.055))) / 0.05]
= 2,700 [(1 - (1 / (1.708)) / 0.05]
= 2,700 [(1 - 0.58)) / 0.05]
= 2,700 [(0.41457) / 0.05]
= 2,700(7.53)
=$ 20,352
Answer:
The length and width of the parking lot is 78 meters and 114 meters respectively.
Step-by-step explanation:
Given;
Perimeter of the parking lot =
Solution,
Let the width of the parking lot be x.
Then, according to question length = (x-36).
The perimeter of a rectangle is sum of all the sides of rectangle. Which is given by an expression;
Now substituting the values, we get;
Width =
Length =
Hence the length and width of the parking lot is 78 meters and 114 meters respectively.
Answer:
Step-by-step explanation:
