What is the value today of a 15-year annuity that pays $650 a year? The annuity’s first payment occurs six years from today. The
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Answer:Hi, the correct answer is .
Step-by-step explanation:
As you are being asked for rate and the importat value is the number of calories consumed. We need to simplify the fraction . Then we simplify.
Note that 480 is divisible by 3 and 9 as well. 480/3 = 160 and 9/3 = 3. Therefore, 480/9 = 160/3.