Annuity formula is given by:
FV=P[(1+r)^n-1]/r
FV=future value
r=rate
n=time
P=principle
Plugging the value from the question we obtain:
FV=10000[(1+0.07)^6-1]/0.07
FV=71,532.91
Thus the current value of the annuity is given by:
A=p(1+r)^n
plugging in the values we obtain and solving for p we get:
71532.91=p(1+0.07)^6
p=71532.91/(1.07)^6
p=$47665.40
Hence the answer:
B] $47665
Answer: 2
Step-by-step explanation:
If the number was OUTSIDE the exponents it represents a movement up or down
If the number is inside the parenthesis and exponent ex: (x-1)^2 then it decides a movement on the left or right
However inside the parenthesis it is reversed, so a - is move to the right and a + is moved to the left, this making your answer (x-1)^2
- Gage Millar, Algebra 2 Tutor
Mean the the total of all values, divided by the number of values
Answer:
Step-by-step explanation:
We will need to solve the inequality:
–3x – 4 < 2
Before starting we need to understand 1 rule of inequalities. That is:
We change the inequality sign whenever we multiply or divide by a negative number. That means
< changes to >
and
≥ change to ≤
and vice versa...
Now, let's go ahead and solve the inequality:
"x" is the set of all values that is greater than "-2". So that's the answer.
x > -2
