The formula for finding present value of an ordinary annuity is:
![PV=P*[\frac{1-(1+i)^{-n}}{i}]](https://tex.z-dn.net/?f=PV%3DP%2A%5B%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%5D)
, where P - money to be deposited, i - interest rate, n - number of payments.
So in this case, P = 35000, i = 6 / 100 = 0.06, n = 20.
Now, we have everything needed to determine how much money must be deposited:
![PV=35000*[\frac{1-(1+0.06)^{-20}}{0.06}]=401447.24](https://tex.z-dn.net/?f=PV%3D35000%2A%5B%5Cfrac%7B1-%281%2B0.06%29%5E%7B-20%7D%7D%7B0.06%7D%5D%3D401447.24)
So the answer is
$401,447.24.
<span>thats the answer
x2 - 8x - 15
hope it helps
</span>
Answer:
y=3x-27
Step-by-step explanation:
Answer:
To make
gallons of pudding Lloyd will use
pounds of chocolate.
Step-by-step explanation:
Lloyd used
pounds of chocolate to make
gallons of chocolate pudding.
Now, Lloyd's recipe is for 1 gallon of pudding and to make
of the recipe means
gallons of pudding.
So, to make 1 gallon of chocolate pudding Lloyd will use
pounds of chocolate.
Hence, to make
gallons of pudding Lloyd will use
pounds of chocolate. (Answer)
It means the temperature will be three degrees below 0.