Present Value of an Annuity Estimate the present value of an annuity if payments are $1300 monthly for 15 years and the account earns interest at the rate of 10%/yr compound continuously. (Round your answer to two decimal places.) $ 9602.76 X Need Help? Read It
Present Value of an Annuity Estimate the present value of an annuity if payments are $1300 monthly for 15 years and the account earns interest at the rate of 10%/yr compound continuously. (Round your answer to two decimal places.) $ 9602.76 X Need Help? Read It
Chapter1: Making Economics Decisions
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Problem 1QTC
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can you please PLEASE do both, you're the only person that has gotten any of the questions i submitted correct.
![Present Value of an Annuity Estimate the present value of an annuity if payments are $1300 monthly for 15 years and the account earns interest at the rate of 10%/yr compounded
continuously. (Round your answer to two decimal places.)
$9602.76
Need Help? Read It](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F706a4e11-39f0-4522-a6d5-52fa371391a8%2F22b695dd-9d52-404a-bc4d-b542d106333c%2Fzxyf8yq_processed.png&w=3840&q=75)
Transcribed Image Text:Present Value of an Annuity Estimate the present value of an annuity if payments are $1300 monthly for 15 years and the account earns interest at the rate of 10%/yr compounded
continuously. (Round your answer to two decimal places.)
$9602.76
Need Help? Read It
![Consumers' Surplus it is known that the quantity demanded of a certain make of portable hair dryer is x hundred units/week and the corresponding wholesale unit price is
p = 256 6x
dollars. Determine the consumers' surplus if the market price is set at $14/unit. (Round your answer to two decimal places.)
$9.05
X
Need Help? Read It
Watch It](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F706a4e11-39f0-4522-a6d5-52fa371391a8%2F22b695dd-9d52-404a-bc4d-b542d106333c%2Fkgfaeh_processed.png&w=3840&q=75)
Transcribed Image Text:Consumers' Surplus it is known that the quantity demanded of a certain make of portable hair dryer is x hundred units/week and the corresponding wholesale unit price is
p = 256 6x
dollars. Determine the consumers' surplus if the market price is set at $14/unit. (Round your answer to two decimal places.)
$9.05
X
Need Help? Read It
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