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
The number of days Ashley ate Mexican food while on vacation is 20 days.
<h3>How many days did Ashley eat mexican food?</h3>
The first step is to determine the fraction of the number of days Ashley atae Mexican food. In order to do this, divide 4 by 7
4/7.
The second step is to multiply 4/7 by 35
4/7 x 35= 20 days
To learn more about multiplication, please check: brainly.com/question/3385014
Answer:
$45.60
Step-by-step explanation:
do .008 times 5700
Answer:
-1 1/2
Step-by-step explanation:
Answer:
102
Step-by-step explanation:
i think it is the ans.