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
So 65 dollars was what she paid
each camera INCLUDED a 60% mark UP so
she sold each at a 60% markup
65 dollars=100% of origonal camers
she sold them for 100+60=160% of origonal price
65 dollars=100%
percent means parts out of 100 so
160%=160/100=1.6
find 160% of 65
'of' means multiply so
1.6 times 65=104
she sold each camera at $104
Answer:
1800
Step-by-step explanation:
Labor quantity variance= Actual quantity ×standard price - standard quantity ×standard price
Standard quantity=2×2600=5200
Labor quantity variance
5050×12-5200×12=1800
Answer:
C
Step-by-step explanation:
