The arc length of this circle is 9.42 inches. Determine the length of the radius.
1 answer:
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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:
1
Step-by-step explanation:
1. Convert the mixed number to an improper fraction to match the rest of the problem (this just makes it easier for now, the answer will still be a mixed number)
-1 becomes
2. Re-write the new equation. When there is a "+" in front of a set of parentheses the expression doesn't change aside from removing the plus signs.
The new equation becomes
3. Calculate. Just work out the new expression.
The answer is
4. Convert to a simplified mixed decimal.
27 goes into 20 once with seven left over, making the answer 1