American general offers a 7-year ordinary annuity with a guaranteed rate of 6.35% compounded annually. how much should you pay for one of these annuities if you want to receive payments of $10,000 annually over the 7-year period?

$ 55135.978

Step-by-step explanation:

At most, the present value of annuity must be paid. So we must find the present value of the annuity

Given in the problem, we have:

Periodic Payment = PMT = $10000

Rate of interest annually = i = 6.35 %= =0.0635

no. of periods= n=7

So to solve this, we need to use the present value formula:

Present Value = Periodic payment

Present Value = PMT

Present value = 10000

Present Value =10000

Present Value =10000 (5.5135978)

Present value= $ 55135.978

Which is the amount that must be paid at most to get annuities such that $10,000 annually over the 7-year period are to be received.

option a, c,d are correct.

step-by-step explanation:

from the given figure, it is given that z is equidistant from the sides of the triangle rst, then from triangle tzb and triangle szb, we have

tz=sz(given)

bz=zb(common)

therefore, by rhs rule,δtzb ≅δszb

by cpctc, sz≅tz

also, from δctz and δasz,

tz=sz(given)

∠tcz=∠saz(90°)

by rhs rule, δctz ≅ δasz, therefore by cpctc, ∠ctz≅∠asz

also,from δasz and δzsb,

zs=sz(common)

∠zbs=∠saz=90°

by rhs rule, δasz ≅δzsb, therefore, by cpctc, ∠asz≅∠zsb

hence, option a, c,d are correct.

answer: d. $20

step-by-step explanation:

just took the test