Answer:
The PV of an ordinary annuity with 10 payments of $2,700 if the appropriate interest rate is 5.5% is $20,352.
Step-by-step explanation:
P = PMT [(1 - (1 / (1 + r)
)) / r]
= 2,700 [(1 - (1 / (1 + 0.055)
)) / 0.05]
= 2,700 [(1 - (1 / (1 + 0.055))) / 0.05]
= 2,700 [(1 - (1 / (1.708)) / 0.05]
= 2,700 [(1 - 0.58)) / 0.05]
= 2,700 [(0.41457) / 0.05]
= 2,700(7.53)
=$ 20,352
Answer:
k = 13.5
Step-by-step explanation:
Setup proportion and solve for k:
Answer:
Step-by-step explanation:
This is an Arithmetic Series with common difference 4 and first term 3
so the nth term an = 3 + (n -1)4
= 4n - 1.
The sum of n terms
= n/2 (a1 + L)
= n/2(3 + 1671)
= 837n.
There are (1671-3) / 4 + 1 = 418 terms in the series,
so the total value of the series is 837*418
= 349,866.
.
It would most likely be feet.
The number is 8. 8x6=48, 8x5=40, 48-40=8.
