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
Section: Chapter Questions
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.

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

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
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