The present value of the investment is $6000.
According to the statement
Principal amount = $500
and Return amount = 10.5%
Time period = 20 years.
Now we find the present value of money then
By the formula
PV = P[1-(1+r)^n]/r
PV = 500[1-(1+0.10)^20]/0.10
PV = 6000
So, The present value of the investment is $6000.
Learn more about Return Amount here brainly.com/question/2456547
#SPJ1
First term: a1 = 151
common difference: d = -14 (we decrease by 14 each time, eg, 151-14 = 137)
nth term of this arithmetic sequence is...
an = a1+d(n-1)
an = 151+(-14)(n-1)
an = 151-14n+14
an = -14n+165
This will be used in the formula below
Sn = n*(a1+an)/2
<span>Sn = n*(151+(-14n+165))/2
</span><span>S26 = 26*(151+(-14*26+165))/2 ... replace every n with 26
</span>S26 = -624
The final answer here is choice C) -624
<span>
</span>
Answer: x=26
Step-by-step explanation:
Answer:
B
Step-by-step explanation:
It would be 196/9 or 12.7777 in decimal
