We are asked to determine the present value of an annuity that is paid at the end of each period. Therefore, we need to use the formula for present value ordinary, which is:
Where:
Since the interest is compounded semi-annually this means that it is compounded 2 times a year, therefore, k = 2. Now we need to convert the interest rate into decimal form. To do that we will divide the interest rate by 100:
Now we substitute the values:
Now we solve the operations, we get:
Therefore, the present value must be $39462.50
Answer:
BHF
Step-by-step explanation:
Definition of inscribed
Answer:
where's the picture. to the nearest mile...
Step-by-step explanation:
;-;
Answer: OPTION D: 
Step-by-step explanation:
By definiton, fractions have the following form:
Where "a" is called numerator and "b" is the denominator. The numerator and the denominator are Integers.
In order to solve this exercise you need to remember de Division of fractions:
In this case, according to the information given in the exercise, you know that 
of rubies are divided into 4 lots.
Therefore, in order to calculate the weight in pounds of each lot, you need to divide by 4.
Then, you get the following result:
As you can notice, this result matches with the Option D.
Floyd's contract consists of
(i) $200 per month fixed.
(i) $12 per album sold.
Let x = number of albums sold last month.
Because total earnings is $644, therefore
200 + 12x = 644
To find x, do the following:
Subtract 200 from each side.
12x = 644 - 200 = 444
Divide each side by 12.
x = 444/12 = 37
Answer:
The equation is 12x + 200 = 644.
The solution for x (number of albums sold) is 37.
