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:
All I know is that the first picture is 8
Step-by-step explanation:
I know because one times eight is eight so um yeah
Answer:
45,000 is the starting salary with zero sales
.05 is the amount multiplied by the number of sales that is added to her salary
For each sale we add .05 to her salary
Step-by-step explanation:
y = 45,000 +.05x
Rewriting as
y = .05x +45,000
This is in slope intercept form ( y=mx+b) where m is the slope and b is the y intercept
.05 is the slope and 45,000 is the y intercept
45,000 is the starting salary with zero sales
.05 is the amount multiplied by the number of sales that is added to her salary
For each sale we add .05 to her salary
Answer:
<u>14t</u>
Step-by-step explanation:
stuvwxyz
567891011121314
Answer:
ln 4
Step-by-step explanation:
plus(+) will become times and minus(-)will become divide. Combine all together as all are in terms of ln
ln (2x8)/4
=ln 4
