What is the value today of a 15-year annuity that pays $650 a year? The annuity’s first payment occurs six years from today. The annual interest rate is 11 percent for Years 1 through 5, and 13 percent thereafter.

Answers

Answer 1

Based on the amount that the annuity pays yearly and the annual interest rate, the value of the annuity today is $2,492.82.

How to find the value of the annuity?

First, find the value of the annuity at the fifth year which is a year before the first payment. This value can be found by the formula:
= Annuity * (1 - (1 + r)^-n) / r

= 650 x (1 - (1 + 13%)^-15) / 13%

= 650 x 6.462379

= $4,200.55

The value today can then be found by discounting at the rate of 11%:

= Future value / (1 + rate) ^ number of years

=4,200.55 / 1.11^5

= $2,492.82

Find out more on the value of an annuity at https://brainly.com/question/25792915

#SPJ1


Related Questions

Find the circumference of a circle with radius 63 mm.

Answers

Answer:

C≈395.84mm

Step-by-step explanation:

C=2πr=2·π·63≈395.84067mm

Hope this helps

Answer:

395.64mm²

Step-by-step explanation:

r = 63mm

circumference of circle = 2[tex]\pi[/tex]r

= 2 × 3.14 × 63

= 395.64mm²

Question 7
Find the angle measures of ABCD.

Answers

Answer:

find it urself, i give u guide

Step-by-step explanation:

Find the value of the x first

As for now the only info that you have is total of angle in the square is 360°

[tex]360 = 4x - 10 + 3x + 7 + 2x + 3 \\ x = 40[/tex]

Pls solve this for 40 points and fast

Answers

Step-by-step explanation:

1)

10(3) + 2(1) = 32/4 = 8 mph

2)

[3(1.5) + 0.5x]/2 = 4

(4.5 + 0.5x) = 8

0.5x = 3.5

x = 7mph

Mrs. Kruger wants to determine how much her 6th grade students study each night. She creates a survey and distributes it to her class. What is the population of her survey? NEED QUICK ANSWER 50 PTS​

Answers

Answer:

hi

Step-by-step explanation:

Step-by-step explanation: Her class mates are her populstion of her survey

because she is doing the survey on  how much her 6th grade students study each night.

At the shopping mall, Joaquin bought 4 pretzels and a bottle of water for $11.50. Kelly bought 3 pretzels and a bottle of water for $9.00. What is the price of a bottle of water?

Answers

Answer:

$1.50

Step-by-step explanation:

They each bought one bottle of water, but one of them bought one less pretz l than th other. The difference in price is $2.50, which means a pretzel is 2.50 . Four pretzels would be $10, which leaves $1.50 fo the water. 3 pretzels would be 7.50, which leaves 1.50 for the water.

-2/3 + 9/2
what's the answer

Answers

Answer:

The answer would be 23/6

Not sure I just need points

will give brainliest please
What political changes occurred in the years shortly before World War I?

Answers

It changed the world. It led to the Russian Revolution, the collapse of the German Empire and the collapse of the Hapsburg Monarchy, and it led to the restructuring of the political order in Europe and in other parts of the world, particularly in the Middle East.

Describe the slope of the line. Then find the slope using two points.
helpp step by step explanation

Answers

Answer:

No clueeeeeeeeee

Step-by-step explanation:

Which of the following expressions can be written as 12(y – x)

Answers

Answer:

I think it would be -12(x-y)?

Step-by-step explanation:

Peter spent $285 on a $250 CD player with tax. What was the
percentage of tax?
%

Answers

Answer:

what ever the tax was multiply by the tax as:(0.00). Then add the price and the tax amount then youll have your answer

Step-by-step explanation:

Example:

$285 x%
$250. 100%
x=285•100/250
x=114%
114%-100%=14%
Percentage of tax is 14% aka $35

Baseball
20%
Swimming
30%
football
100 students
V.B
15%
Tennis
10%

how many students prefer swimming​

Answers

Answer:

52

Step-by-step explanation:

20 + 30 + 15+ 10+ 100= 175

30% of 175 is 52.5  but there can't be 52.5 students so 52

Need quick answers please.

Zion has a sink that is shaped like a half-sphere. The sink has a volume of 2500/3 π" i" "n" ^3. One day, his sink clogged. He has to use one of two cylindrical cups to scoop the water out of the sink. The sink is completely full when Zion begins scooping.

A | One cup has a diameter of 5 in. and a height of 8 in. How many cups of water must Zion scoop out of the sink with this cup to empty it? Round the number of scoops to the nearest whole number (round up).

B | One cup has a diameter of 7 in. and a height of 7 in. How many cups of water must he scoop out of the sink with this cup to empty it? Round the number of scoops to the nearest whole number (round up).

Answers

b
hope this helped!!!!

PLS HELP WILL GIVE BRAINIEST these figures are congruent

Answers

Answer:

C

Step-by-step explanation:

Answer is C, only need to move it up and to the right through translation.

Use properties of operation to write an expression equivalent to y/5 + (y + 4)

Answers

Answer:

Step-by-step explanation:

Two angles are called when their measures add to 180 degrees.

Answers

Answer:

Two angles are called supplementary when their measures add up to 180 degrees.

Step-by-step explanation:

Answer:

That is called a supplementary angle

Step-by-step explanation:

An airline uses many different types of airplanes. Information regarding some of the airplanes is given in the table below.

A 5-column table with 5 rows. Column 1 is labeled Plane with entries SkyBus 280, SkyBus 580, Grigson A-2, Grigson A-5, SkyDancer. Column 2 is labeled Number of seats with entries 120, 225, 70, 130, 350. Column 3 is labeled Seat width (inches) with entries 20.3, 20.6, 19.9, 20.5, 20.2. Column 4 is labeled Wi-fi with entries no, yes, no, yes, yes. Column 5 is labeled first-class seats question mark with entries no, yes, no, no, yes.

Which of the variables is a continuous variable?

number of seats
seat width
Wi-Fi
first-class

Answers

Answer:

Step-by-step explanation:

I’m pretty sure it’s seats. If it isn’t that then it’s prolly seat width. Sorry if it’s wring I’m doing the quiz too

Answer:

Seats

Step-by-step explanation:

Find the exact values of the indicated trigonometric functions. Write fractions in lowest terms.

Right triangle ACB is shown where segment AC is twenty one units, segment CB is seventy two units, and segment BA is seventy five units.

Find sin B and tan B.

Answers

Answer:

sinB = 21/75

tanB = 21/22

Step-by-step explanation:

sinΦ = Height / Hypotenuse

tanΦ = Height / Base

Answer:

sin B = 7/25, tan B = 7/24

Step-by-step explanation:

sin = opposite / hypotenuse, tan = opposite / adjacent

Maybe I missed something but all I did was recreate your triangle and solve the trig ratios.

Which type of parent function is f(x) = |x|?
O A. Cube root
B. Square root
C. Linear
D. Absolute value

Answers

Answer:

D. Absolute value

Step-by-step explanation:

There are absolute value bars around x, so the function is absolute value.

Hope this helps...have a great day ^^

D absolute value is the correct answer

Plot the image of point B under a reflection across the x-axis.

Answers

Answer:

(-3,5)

Step-by-step explanation:

I got it right on khan academy

Solve for y.
3y = 9
y =

Answers

y=3 because 9 divided by 3 is 3

3y=9y

Step 1: Subtract 9y from both sides.

3y−9y=9y−9y

−6y=0

Step 2: Divide both sides by -6.

−6y /−6  =  0/ −6

y=0

Answer:

y=0

Need this ASAP PLZ .........................................:........

Answers

I don't now just need points

Find angle 4 (use pic)

Answers

Answer:

35

Step-by-step explanation:

Let me know if I'm wrong and you're welcome

PLEASE HELP I WILL MARK BRAINLIST

Answers

Answer: 1. is b

2. is c

3. is c

4. is B

5, is A i think but im not sure about 5

Step-by-step explanation:

what is the surface area ?

A. 78

B. 57

C. 50

D. 72

I gave Brainlist you ever answer first ​

Answers

SA = 2lw + 2lh + 2hw
= 2(7)(4) + 2(7)(1) + 2(1)(4)
=78 feet squared

hope this helps!! :)

Answer:

A. 78

Step-by-step explanation:

7 x 4 is the bottom and the bottom is the same as the top so I got 28 x 2 which is 56. 4 x 1 is one side. The other side is the same so I got 4 x 2 which is 8. 1 x 7 is the front and back. I got 7 x 2 is 14. i wrote 56 + 14 + 8 and got 78

hope this helps :)

Find the surface area of the regular pyramid. Write your answer as a decimal.

Answers

Answer: 7

Step-by-step explanation:

first you calculate the equation, then add everything together

Answer: 241.8

I got you guys ;)

What would happen if I ate 40 tablespoons of olive oil a day

Answers

it would probably lead to health issues ^-^

Solve the inequality.
x + 23 < 37
Group of answer choices

x < 60

x < 14

x < 37

x < 23

Answers

Answer:

x = 14

x + 23 < 37 ( move constant to right-hand side and change its sign)

x<37-23 ( subtract numbers)

x < 14

The answer is x=14.

Solving Steps:
First you need to move the constant to the right-hand side and change its sign.
Do this by subtracting 23 from both sides.

Then do 37-23 to get 14

So your answer is x=14

Use the information given to answer the question.
The graph shows the relationship between the total cost,
t
, of purchasing a steel beam
f
feet long.



The relationship between the cost, y, in dollars, and the feet of steel beam, x, bought can be modeled by the proportional equation y=
x.

Answers

Answer:

What is the question? _______

what is an equation of a parabola with a with the given vertex and focus vertex: (-2, 5) focus: (-2, 6)

Answers

Answer:Equation of parabola is

4y=x2+4x+24

Step-by-step explanation: Hope This helps!

Which represents
z = 3 (cos 7pi/6) + i sin (7pi/6)

Answers

Answer: A

Step-by-step explanation: :D

Answer:

A

Step-by-step explanation:

Ed2021

Other Questions
Should you use theoretical or experimental probability to predict the number of times you will draw an M in 2,000 draws? ExplainNo troll comments + dont answer if you dont know..And I dont want to see, attach a file here and then some wierd website name... Stop its not funny A rental car company charges $35 per day to rent a car and $0.15 for every miledriven. Enola wants to rent a car, knowing that: She plans to drive 450 miles. She has at most $260 to spend.Write and solve an inequality which can be used to determine , the number of daysEnola can afford to rent while staying within her budget Learning task 1 : What value of x that will make equation or in quality true1.2x = 6 6.5x > 5 2.2x + 2 =8 7.3x - 4 < 63. x = 3 8.2x > 4 6 34.3(x - 2) =0 9.2(x + 3) < 05.3 + x = 2x - 1. 10. 5 + x < 2x - 1 Compare and contrast Maynard Jacksons and Andrew Youngs accomplishments. In plant cells, how are chloroplasts and mitochondria related? Lydias hotel room number has three digits.The hundreds digit has a value of 40 Tens.The Tens digit is greater than 6. Which could be Lydias hotel room number? pls help ............ Umm_____help me______plz_____plz mean please for u know what ppl_____not explaining ppl what is the second step to solve this x/2-5=1 Find the angles in the image how the pandemic change the way you learnPLS HELP ME I NEED 5 OF 6 SENTENCES IM GONNA GIVE YOU BRAINLIEST Adriel watched a 1 -h movie on TV. Nadir watched 3 half-hour sitcoms. Who watched more TV? How do you know? In At Dusk, what do the speakers thoughts reveal about her ideas concerning home? Use two details from the poem to support your response. Why does the moon have a stronger influence on the Earth, than the sun, causing tides? a. The moon is much, much closer to the Earth than the sun, causing a greater gravitational pull on the Earth and Ocean. b. The moon is larger than the sun, causing a greater gravitational pull on the Earth and Ocean. c. The moon is further away from the Earth than the sun, causing a greater gravitational pull on the Earth and Ocean. Cmo va el da de todos? What do you mean by citronella? What is 30% of $439 pmath is my worst subject A gaming console is $125 and it was reduced by 17%. How much is the gaming console after the reduction? Explain the strengths and weaknesses of Lamarck's theory of evolution. What was one change made by the council of trent?A. It changed its ideas on baptizing adultsB. It gave people the right to own Bibles C. It removed the Pope's religious authorityD. it stopped leaders from selling indulgences