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.
Answer: y = (1 - 0.527)^t
Step-by-step explanation:
y=e^(-0.75t)
y=(e^-0.75)^t
y= 0.47236655^t
1 - 0.47236655 = 0.52763345
y = (1 - 0.527)^t
Answer:
4 dimes
2 nickels
Step-by-step explanation: