Based on the amount the annuity pays per month and the APR, the value of the annuity today is $133,349.85.
<h3>What is the present value of the annuity?</h3>
First, find the present value of the annuity at 5 years:
= 1,850 x present value interest factor of annuity, 60 months, 8/12%
= 1,850 x 49.32
= $91,242
Then find the present value of the annuity from 5 years till date:
= (1,850 x present value interest factor of annuity, 60 months, 12/12%) + ( 91,242) / (1 + 1%)⁶⁰)
= (1,850 x 44.955) + ( 91,242) / (1 + 1%)⁶⁰)
= $133,349.85
Find out more on the present value of annuities at brainly.com/question/24097261.
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This is an arithmetic sequence, since it's pattern is +4.
n1 = 1
d = 4
n = 1 + (n-1)(4) <-------------- This is the formula for the nth term of the sequence.
Answer:
It will take 88.2 months to accumulate the amount
Step-by-step explanation:
Given;
Future value of money, FV = $25,000
investment per compound period, P = $200
interest rate, i = 0.75% x 12 = 9%
The number of monthly installments required to amount to FV is given by;
Therefore, it will take 88.2 months to accumulate the amount.
[Edit:}
Okay! So after you have 15+(21)÷3, you have to remember PEMDAS.
PEMDAS is the order in which you solve equations.
1. Parentheses: you solve everything in the parentheses first, all while following the rules of PEMDAS
2. Exponents: after you solve the things in the parentheses, you do the exponents.
3. Then you do Multiplication or Division, solving in the order from left to right.
4. After, you do Addition or Subtraction, solving in the order from left to right.
So using PEMDAS, we'll solve 15+(21)÷3.
We do division before addition, so 21/3 is 7.
Then you add 15 to 7 and get 22 as your final answer.
Hope this helps!
