Answer:
The PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5% is $20,352.
Step-by-step explanation:
P = PMT [(1 - (1 / (1 + r)
)) / r]
= 2,700 [(1 - (1 / (1 + 0.055)
)) / 0.05]
= 2,700 [(1 - (1 / (1 + 0.055))) / 0.05]
= 2,700 [(1 - (1 / (1.708)) / 0.05]
= 2,700 [(1 - 0.58)) / 0.05]
= 2,700 [(0.41457) / 0.05]
= 2,700(7.53)
=$ 20,352
Not the best handwriting but I hope it helped!
Answer:
4/5
Step-by-step explanation:
10:100=8:x
x= 100*8/10
x= 80 (80%)
80% = 80/100 = 8/10 = 4/5
Step-by-step explanation:
Transcribed image text: Spectra Analysis 7 100 80 60 40 20 150 50 STRUCTURE 60 40 20 0 180 160 140 120 100 8O
9514 1404 393
Answer:
D. -17%
Step-by-step explanation:
The change from March to April is (April - March) = (100 -120) = -20. As a fraction of the March bill, that is ...
-20/120 = -1/6
As a percentage, that change is ...
-1/6 × 100% ≈ -16.667% ≈ -17%
The electric bill changed by about -17% from March to April.
_____
<em>Additional comment</em>
Water went up 4%; groceries went up about 14%, and restaurant changed by -15%.
The percentage change is found by ...
% change = ((new amount)/(original amount) -1) × 100%
Above, we have rearranged this to ...
% change = ((new amount) -(original amount))/(original amount) × 100%
