An athlete signs a contract that guarantees a $ 9-million salary 6 yr from now. Assuming that money can be invested at 6.7% w
1 answer:
Answer:
$6,020,826.711
Step-by-step explanation:
The computation of the present value of that year salary is shown below:
As we know that
Present value in case of continuous compounding, the formula is
where,
The Guaranteed amount is $9,000,000
The Time period is 6 years
And, the interest rate is 6.7%
Now placing these values
So, the present value is
= $6,020,826.711
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Answer:
A cone with base radius of 17 in
Step-by-step explanation:
Given
Triangle ABC
Where
AB = BC = 24in
D = Midpoint of AC
Required
Which best describes the resulting three-dimensional figure?
First, the length of the third side of the triangle has to be calculated
The sides of triangle ABC are AB, AC and BC
Given that the perimeter = 82 in
AB + AC + BC = 82
Recall that AB = BC = 24in; The equation becomes
Collect like terms
Given that, the triangle is rotated at D, the midpoint of AC
The length of the midpoint has to be calculated
At this point, we can dismiss options C and D.
This is because; a triangular pyramid is formed by more than 1 triangles (at least 3 triangle) and in this case, we're dealing with only 1 triangle.
So, we have option A and B to select from.
When the triangle is rotated at point D, it generates a cone such that the radius of the cone is the distance at point D.
This implies that, a cone with base radius D is generated.
Recall that D = 17.
Hence, <em>A cone with base radius of 17 in</em>