mount must be set aside now to generate payments of $40,000 at the beginning of each year for the next 14 years if money is worth 5.41%, unded annually? (Round your answer to the nearest cent.)
Permutations and Combinations
If there are 5 dishes, they can be relished in any order at a time. In permutation, it should be in a particular order. In combination, the order does not matter. Take 3 letters a, b, and c. The possible ways of pairing any two letters are ab, bc, ac, ba, cb and ca. It is in a particular order. So, this can be called the permutation of a, b, and c. But if the order does not matter then ab is the same as ba. Similarly, bc is the same as cb and ac is the same as ca. Here the list has ab, bc, and ac alone. This can be called the combination of a, b, and c.
Counting Theory
The fundamental counting principle is a rule that is used to count the total number of possible outcomes in a given situation.
This is question 4 from section 6.4 of my homework, please help me! I attached the formulas we've been using down below, thanks for your help!
![This gives a total of four different types of annuities
and four different formulas to choose from.
Formulas:
• Future Value of an Ordinary Annuity
[(1 + і)" — 1
R
FV
- See
example
i
• Future Value of an Annuity Due
(1+ i)" – 1
(1+ i)
-
FV = R
i
• Present Value of an Ordinary Annuity
1.
– (1+i)¬"]
R
-
PV
• Present Value of an Annuity Due
[1 – (1+ i)~"]
PV = R
(1+i)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fea74ad9f-1200-44ca-9ede-5ca983ad5349%2F26b43640-e1e2-4a62-95a4-b15c4d9f565f%2Fanckkbm_processed.jpeg&w=3840&q=75)
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