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
Cheetah: 3 hours
Antelope: 5 hours
Lion: 6 hours
Elephant: 10 hours
60%; Since 1/5 is .2 or 20% and then multiply that by 3.
When you add 12, 6, 4 and 2, you will get 24. 12 of the 24 teams wear red shirts, so for every 2 teams there would be 1 team wearing red
x = 1.50 + y
*40x + 40y = 940
40 (1.50 + y) + 40y = 940
60 + 40y +40y = 940
60 + 80y = 940
80y = 940 - 60
80y = 880
y = 880/80
y = 11
*x - y = 1.50
x - 11 = 1.50
x = 1.50 + 11
x = 12.5
x=DAVID
Y=PETER
