Tracy recieves payments of $X at the end of each year for n years. The present value of her annuity is 493. Gary receives payments on $3X at the end of each year for 2n years. The present value of his annuity is $2,748. Both present values of calculated wit the same annual effective interest rate.

Find
vn
.

v = 1/(1+i)

PV(T) = x(v + v^2 + ... + v^n) = x(1 - v^n)/i = 493

PV(G) = 3x[v + v^2 + ... + v^(2n)] = 3x[1 - v^(2n)]/i = 2748

PV(G)/PV(T) = 2748/493

{3x[1 - v^(2n)]/i}/{x(1 - v^n)/i} = 2748/493

3[1-v^(2n)]/(1-v^n) = 2748/493

Since v^(2n) = (v^n)^2 then 1 - v^(2n) = (1 - v^n)(1 + v^n)

3(1 + v^n) = 2748/493

1 + v^n = 2748/1479

v^n = 1269/1479 ~ 0.858

Step-by-step explanation:

step-by-step explanation:

if you want to solve percent error follow these steps.

1. subtract the accepted value from the experimental value.

2. take the absolute value of step 1.

3. divide that answer by the accepted value.

4. multiply that answer by 100 and add the % symbol to express the answer as a percentage.

if you want to solve percent of change just do this.

1. work out the difference (increase) between the two numbers you are comparing.

2. divide the increase by the original number and multiply the answer by 100. if your answer is a negative number then this is a percentage decrease.

hope this : )