Hi what are you trying to do here?
Answer:
When using formulas in application, or memorizing them for tests, it is helpful to note the similarities and differences in the formulas so you don’t mix them up. Compare the formulas for savings annuities vs payout annuities.
Savings Annuity Payout Annuity
P
N
=
d
(
(
1
+
r
k
)
N
k
−
1
)
(
r
k
)
P
0
=
d
(
1
−
(
1
+
r
k
)
−
N
k
)
(
r
k
)
PAYOUT ANNUITY FORMULA
P
0
=
d
(
1
−
(
1
+
r
k
)
−
N
k
)
(
r
k
)
P0 is the balance in the account at the beginning (starting amount, or principal).
d is the regular withdrawal (the amount you take out each year, each month, etc.)
r is the annual interest rate (in decimal form. Example: 5% = 0.05)
k is the number of compounding periods in one year.
N is the number of years we plan to take withdrawals
Answer:
4/5
Step-by-step explanation:
we divide by 3 the numerator and the denominator:
(12/3) / (15/3)
we have:
4/5
<h3>
Answer: 31 games</h3>
======================================================
Explanation:
- 32/2 = 16 games will happen in round 1. Afterward, 16 teams are left.
- 16/2 = 8 games will happen in round 2. Afterward, 8 teams are left.
- 8/2 = 4 games happen in round 3.
- 4/2 = 2 games in round 4.
- 2/2 = 1 game as the final championship.
Count the number of times you divide by two and we have five occurrences of this. So there five rounds overall.
To get the total number of games played, we add up the quotients
16+8+4+2+1 = 31
----------------
Or as a shortcut we can simply subtract off 1 since 1+2+4+...+2^n = 2^(n+1)-1
We can write that rule as

which is equivalent to
