So ya i don get is it is crazy
2 answers:
You might be interested in
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:
Step-by-step explanation:
Given:
To solve this equation, we need to isolate on one side of the equation algebraically. I see that we have like terms, but they are on opposite sides of the equal sign. Let's add
to both sides.
To isolate x, divide both sides by 7.