Answer: the worth of the prize today is $150000
Step-by-step explanation:
We would apply the formula for determining present annuity. It is expressed as
PV = R[1 - (1 + r)^- n]r
Where
PV represents the present value of the investment.
R represents the regular payments made(could be weekly, monthly)
r = represents interest rate/number of interval payments.
n represents the total number of payments made.
From the information given,
r = 0.07/12 = 0.0058
n = 150
Therefore,
PV = 1500[1 - (1 + 0.0058)^- 150]/0.0058
PV = 1500[1 - (1.0058)^- 150]/0.0058
PV = 1500[1 - 0.42]/0.0058
PV = 1500[0.58]/0.0058
PV = 1500 × 100
PV = $150000
Answer:
(C)It is the distance between –14 and 0 on the number line.
Step-by-step explanation:
The absolute value of a number returns a positive value no matter te number inside the absolute sign.
Therefore, the absolute value of -14 is 14.
That is:
It is the distance between -14 and 0 on the number line.
The correct option is C.
Answer:
V= -2000t + 20000
Step-by-step explanation:
Let m be the slope of our function :
- m=(20000-16000)/(0-2)= -2000
- so our function is V= -2000t + b
- b is the intitial price so b = 20000
- then : V= -2000t + 20000
Let's check :
- take the second year : V= -2000*2 +20000 = 16000
- that's true !
Paula 34%. 21 divided by 60
Cory 35%. 16 divided by 40
Krista 40%. 17 divided by 50
Answer:
75 each month
Step-by-step explanation:
cause you subtract 400 out of 1300 and then divide