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:
is scientific notation of 78 billion
Step-by-step explanation:
For scientific notation , follow the following notation:
-------->(equation 1)
Let,
In standard form
or
As decimal point move 10 places from right to left, therefore
b = 10
Put the value of 'a' and 'b' in (equation 1)
is scientific notation of 78 billion
Answer:
-6
Step-by-step explanation:
-1+(-5)
You are moving down the numberline, then subtracting again because of the negative sign. -(1+5) is how I like to think of it.
So, 1+5=6, and you add the negative sign. -1+(-5)=-6.
Answer:
21
Step-by-step explanation:
<em>Step 1: add 2 to 5</em>
=> 2 + 5
=> 7
<em>Step 2: Multiply the result by 3:</em>
=> 7 * 3
=> 21
Therefore the <u>final answer = 21</u>
Hope this helps!