Betty received $ 500,000 from a life insurance policy to be distributed to her as an annuity certain in 10 equal annual installments with the first payment made immediately. On the day she receives her third payment, she is offered a monthly perpetuity of X in lieu of the future annual payments. The first payment will be made in exactly one month. The effective annual rate of interest is 8 %. Determine the value of X.​

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Step-by-step explanation:

a) For payments made at the beginning of the period, the annuity is called an "annuity due." The formula in the first attachment tells how to compute the payment for a given present value ($500,000), number of periods (N=10), and interest rate (i=0.08).

  pmt = $500,000/(1 +(1 -(1 +i)^(-N+1))/i) = $500,000/(1 +(1 -(1.08^-9))/.08)

  pmt ≈ $68,995.13 . . . . annual payment

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b) After the first payment, the account balance is ...

  $500,000 -68,995.13 = $431,004.87

After subsequent payments, the account balance will be ...

  $431,004.87×1.08 -68,995.13 = $396,490.13 . . . after 2nd payment

  $396,490.13×1.08 -68,995.13 = $359,214.21 . . . after 3rd payment

The payment amount that can be made in perpetuity is the amount of the monthly interest on this balance:

  X = $359,214.21 × (0.08/12) = $2394.76

given that triangle abc is transformed two times to get triangle

a"b"c"

first abc is transformed in to a'b'c' as follows:

the coordinates of a are (1,-1) and transformed into a'(-1,1)

similarly b (4,-2) became b'(-4,2) and

c(7,-2) became c'(-7,2)

i.e. (x,y) becomes (-x,-y)

this is nothing but reflection about a point here origin.

thus first transformation is reflection on the origin.

next is exactly shifting 3 units down

source:

answer: domain and range mean all possible values of x and y that could be substituted to the inequality. a solution means all possible values that make the inequality statement true. so while the range is still all real numbers, the solution is the shaded area, for which y will always be greater than the line of the function.