Answer:
5
Step-by-step explanation:
(10y - 4) + (7y + 8) + (7y - 5) + (4y - 5) =
= 10y - 4 + 7y + 8 + 7y - 5 + 4y - 5 =
= 10y + 7y + 7y + 4y - 4 + 8 - 5 - 5 = <u>2</u><u>8</u><u>y</u><u> </u><u>-</u><u> </u><u>6</u>
Answer:
$102,677.20
Step-by-step explanation:
The present value of an annuity due is determined by the following expression:

Where 'P' is the amount of each payment received, 'r' is the interest rate on the investment and 'n' is the number of yearly payments.
With 20 annual payments of $10,000 at a rate of 8.5%, the present value is:

The present value of your winnings is $102,677.20.
You need to do 20 divide by 21 to get a decimal. Then if you multiply the decimal by hundred you should get the percentage.