John receives a perpetuity paying 2 at the end of year 4, 4 at the end of year 6, 6 at the end of year 8, etc. The present value of this perpetuity at an annual effective rate of 10% equals X. Calculate X

45.35

Step-by-step explanation:

From the above question, we are told that the annual effective rate = 10% = 0.10

Note also that payment is been made every 2 years

Hence , we apply the formula of effective interest rate for a period of 2 years.

Effective Interest rate(j) = (1 + r)² - 1

= (1 + 0.10)² - 1

= 1.10² - 1

= 1.21

= 0.21

Present value of perpetuality = t/[j × j/(1 + r)²]

Where t = time in years = 2

r = 0.10

= 2/ [0.21 × 0.21/(1 + 0.10)²

= 54.87528

Present value at time t = 0

= 54.87528(1 + r)^-2

= 54.87528(1 + 0.10) ^-2

= 54.87528(1.10)^-2

= 45.35

Therefore, the present value at time (t) is 0 = 45.35

a. turk and mcalister

b. howard, mission, and market

c. yes. since streets end some do not cross yet are not parallel to others. example: mcalister and 5th

step-by-step explanation:

parallel lines are lines which do not intersect ever and look a lot like railroad tracks. turk, mcalister and golden gate are examples of these.

intersect are streets which cross each other and a car on one can reach the other. howard, mission, and market intersect with 6th.

skew lines are lines which neither intersect nor are parallel. these lines exist here because some streets end and never intersect another like mcalister and 5th.

i think 5 miles per hour

step-by-step explanation: