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:
Answer:
49.5 square inches
Step-by-step explanation:
We can split the figure into two easier shapes to find the area of; a triangle and a square.
The formula for a triangle is (b*h)1/2. Once we solve we get 24.5 or 24 1/2.
The formula for a square is l*w. Once we solve we get 25.
To find the area of the shaded region, we would add both area and get 49.5 or 49 1/2 square inches.
Answer:
C.
Step-by-step explanation: