Find the present value of an annuity of $5000 paid at the end of each 6-month period for 6 years if the interest rate is 7%, compounded semiannually. (round your answer to the nearest cent.)

The answer is $48317.14.

Step-by-step explanation:

Payment or pmt = 5000

rate = 7% compounded semiannually

n =

We have to find p

The formula is :

r =

Substituting the values we get;

=>

=>

=>

= $48317.14

The answer is $48317.14.

a) one student is chosen from classroom a, then a student is chosen from classroom b.  

step-by-step explanation:

independent events are ones in which the probability of one event does not affect the probability of the second event.

one student is chosen from classroom a; this does not affect the chances of choosing a student from classroom b.   this makes these independent events.

when one card is chosen from a standard deck and then set aside before a second card is chosen, the probability of the second card being chosen changes.   this makes them dependent events.

when one student is chosen from classroom a and then a second student is chosen from classroom a, the probability of choosing the second student changes.   this makes them dependent events.

when a letter is chosen from the alphabet and then a second letter is chosen, the probability of choosing the second letter changes.   this makes them dependent events.

answer: sensy

step-by-step explanation: