Answer:
The value of this inheritance is $78,192.28
Step-by-step explanation:
The monthly payments Sara will receive starting today for next 40 years is $500.
Annual Interest Rate = 7.3%
Monthly Interest Rate = Annual Interest Rate/12
=7.3/12
Monthly Interest Rate = 0.6083%
Present Value = $500 + $500/1.006083 + $500/1.006083^2 + $500/1.006083^3 + ... + $500/1.006083^479
Present Value = $500 * 1.006083 * (1 - (1/1.006083)^480) / 0.006083
Present Value = $500 * 156.39156
Present Value = $78,192.28
Thus, the value of this inheritance is $78,192.28
Answer:
Step-by-step explanation:
If carla wants to spend the least amount of money she should go to the Braves game because it has one of the lowwest admission and the food is cheaper than any where else. Yes, the concert admission is the same price but the tee-shirts and soda costs more.
Answer:
The maximum profit can be attained when 4 bikes are produced each day.
Step-by-step explanation:
Look at the attached picture:
In the table given in the picture, the number of bikes produces varies. We cannot properly compare the profits per day. To be consistent, let us determine the profit per unit of bike produced.The relationship between cost, revenue and profit can be as:
Profit = Revenue - Cost
To find the profit per unit of bike, simply divide the profit with the number of bikes produced (1st column). After you see the results, we can see that the highest profit is $17.5 per unit of bike produced. Therefore, the maximum profit can be attained when 4 bikes are produced each day.
Answer:
The circumference is 59.66 cm
Step-by-step explanation:
we know that
The circumference of a circle (ring) is given by the formula

If the radius is

substitute in the formula

----> exact value
assume

substitute
