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

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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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
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
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 Watch It
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