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:
Option 1 - Using the Subtraction Property of Equality, 2 is subtracted from both sides of the equation.
Step-by-step explanation:
Given : Process
Step 1: 4x + 2 = 10
Step 2: 4x = 8
To find : Which justification describes the process?
Solution :
From step 1 to step 2, we subtract 2 both sides
Step 1: 4x + 2 = 10
Subtracting 2 both side,
⇒ 4x + 2-2 = 10-2
Step 2: 4x = 8
So, The best justification is 'Using the Subtraction Property of Equality, 2 is subtracted from both sides of the equation'.
Therefore, Option 1 is correct.
Answer:
2
Step-by-step explanation:
Brandon picked 14 pounds of cherries but later in the afternoon Brandon's brother ate 12 so you would subtracts
14-12 = 2
Answer:
4/9*1/2
Step-by-step explanation:
To be able to give the answer to this item, we are to represent first with any variables the amount he earns each weekend for mowing the same field. Also, we represent the number of weeks he had worked by the variable y. The total amount of money he will have after working for y weeks is,
T = xy
Since, we are not given with any other information of the other expenses that have to be paid then we can say that if T is already equal to the price of the new lawnmower then, Tom will be able to purchase it and begin his lawn mowing business in due time.
