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
Answer:
Step-by-step explanation:
The slope of negative one means it is the opposite of a positive graph and the overall value is decreasing. The origin is (0,0)
Answer:
360
Step-by-step explanation:
V= L•W•H/3
10×12×9÷3
Answer:
Step-by-step explanation:
total height, H = 113 inches
height of each stair case, h = 7.25 inches
Number of stair case, n = total height / height of each stair case
n = 113 / 7.25 = 15.6
