Answer:
Present Value = $1666666.67
Step-by-step explanation:
Present Value of a Growing Perpuity is calculated using the following formula
PV =D/(r - g)
Where D = Dividend
r = Discount Rate
g = Growth rate
D = $50,000
r = 7%
r = 7/100
r = 0.07
g = 4%
g = 4/100
g = 0.04
PV = D/(r-g)
Becomes
PV = $50,000/(0.07-0.04)
PV = $50,000/0.03
PV = $1,666,666.67
So the Present Value of the perpuity is $1,666,666.67
Answer:
The standard form of a circle is (x-h)^2 + (y-k)^2 = r^2 with (h,k) being the center of the circle and r being the radius. In this case the circle's equation in standard form is (x-2)^2 + (y+3)^2 = 18. Knowing this it's easy to see that the center of the circle (h,k) is (2,-3). Finally the radius is 
or in simplified terms, 3
Step-by-step explanation:
Answer: 2nd answer
Step-by-step explanation:
Kevin should have used a 4 in the numerator because there are 2 red sections and 2 green sections.
The odds of rolling a 4 is 1/6 or 0.16667 or 16%
Answer:
Step-by-step explanation:
Given that transitor has a 2% defective rate, need to calculate the probability that the 10th transistor produced is the first with a defect.
The probability function is p(x=k) = (1-p)^(n-1) * p
p = (1-defective rate)^(n-1) * defective rate; n=10
p = (1-0.02)^9 * 0.02 = 0.98^9 * 0.02 = 0.01666
