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:
14
Step-by-step explanation:
if it's 2 teachers for every 45 students, I assume you would divide 315 by 45 which would give you 7 groups of 45. now for every group you would require 2 teachers. and 2 times 7 is 14.
0.4625
The 2 is rounded to a 3 because 5 rounds up.
0.463
The 6 stays the same because 3 rounds down.
0.46
Now I'm not sure if you're talking about money so if you are, the answer would be
$0.46
If you are talking about the specific cent and only cent, you continue rounding.
The 4 is rounded to a 5 because 6 rounds up.
0.5
$0.05
