The present value of an ordinary annuity has payments of $19157.64 per year for 24 years at 12.34% compounded quarterly is $587394.59 and this can be determined by using the formula of an ordinary annuity.
Given :
- Annuity Payment = $19157.64
- Time period = 24 years
- Interest rate per annum = 12.34%
- Compounded quaterly.
The formula of an ordinary annuity is given below:
where P is the present value, 'n' is the number of times periods, r is the interest rate, and PMT is each Annuity payment.
Now, substitute the values of PMT, n, and r in the above equation.
P = 587394.59
Therefore, the correct option is C).
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Answer:
B.
Step-by-step explanation: If I know that I need a total of 20 points I start with my greater number. So I start skip counting bu 3. I have to stop skip counting by 3 at 18 or it will go over 20. The remaining amount is 2 that is how many multiple choice questions there are. The I just have to find which sentence equals two.
Answer:
<h2>A. 3</h2>
Step-by-step explanation:
Formula for locating the Median of a grouped data = (N+1)/2 th where
N is the total number of defects.
Total defects = 10+18+13+15+9+12
Total defects = 77
Median value = (77+1)/2 th value
Median value = 78/2 = 39th value.
We will cummulate the frequency (number of defects up to the 38th value) and locate the corresponding observation value.
On cummulating:
10+18+13 = 41
<em>We can see that the value of 38 falls on the third column(13), hence the median will be the equivalent number of observations i.e 3.</em>
Therefore the sample median is 3
X= the total cost of the game
3/5X= 30
multiply both sides by the fraction's reciprocal
the game costs $50
Answer:
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Step-by-step explanation: