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
How can expressions be written and evaluated to solve for unknowns in the real world?
Writing expressions requires figuring out which quantity in a situation is unknown, and define a variable to represent that quantitiy.
We look for words in the problem that will help us out what kind of operation to use in a given situation.
Example:
Donna bought 5 chocolate bars, and then ate some. Write an expression to represent how many chocolate bars Donna has left.
If we let the variable c represent the number of chocolates Donna has eaten, then we can write the expression on how many bars Donna has left as: 5 - c
Answer:
54 miles
Step-by-step explanation:
4.5 miles each day except Sunday is 6 days per week
In 2 weeks, she runs 12 days
4.5 miles × 12 = 54 miles
C. -5.4 -17.6+12.2= -5.4 because -17.6 goes first in the calculator but also its a negative
