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:
The null hypothesis will be that the average annual donor income is less or equal to $ 100,000
Step-by-step explanation:
The claim is mostly treated as alternate hypothesis .
In this question the claim is given as the average annual donor income has increased therefore it is written as
Ha: u > 100,000
The null hypothesis is reverse of the alternate hypothesis
H0: u ≤ 100,000
The null hypothesis will be that the average annual donor income is less or equal to $ 100,000
Answer:
531018560805
Step-by-step explanation:
Answer:
1) and 3)
Step-by-step explanation: