Answer:
The present value of the fund=$25,939.66
Step-by-step explanation:
Step 1
Determine the future value of the fund as shown;
Future value(F.V)=payment amounts per year×number of years
where;
payment amounts per year=$10,000
number of years=6
replacing;
Future value (F.V)=(10,000×6)=60,000
Future value (F.V)=$60,000
Step 2
Determine the present value (P.V) of the fund as shown;
F.V=P.V(1+r)^n
where;
F.V=future value
P.V=present value
r=annual interest rate
n=number of years
In our case;
F.V=$60,000
P.V=unknown
r=15%=15/100=0.15
n=6
replacing;
60,000=P.V(1+0.15)^6
60,000=P.V(1.15)^6
P.V=60,000/{(1.15)^6}
P.V=25,939.66
The present value of the fund=$25,939.66
Answer: All of the numbers in the sequence are going up twice the amount as before. The next three terms will be 208, 416, 832
The answer is b. Hope this helped
Answer:
A. 3.
Step-by-step explanation:
As there are only three numbers above the number 3 on a die (4, 5, 6), there could only be three positive outcomes for the situation.
