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FINITE MATH. Please show work IV. Amortization: 2, American General offers a 7 years annuity with a rate of interest of 6.35% compounded annually. How

FINITE MATH.
Please show work image text in transcribed
image text in transcribed
image text in transcribed
IV. Amortization: 2, American General offers a 7 years annuity with a rate of interest of 6.35% compounded annually. How much should you pay (PV) for one of the annuities if you will received payments (PMT) of $10,000 annually? Answers: 1. Rebate of $6,000($434.36); 2. 55,000 V. Solve the Linear Equations System: 1. 2x y -3 by substitution X 2y-4 and elimination 2. 2x +y 32 by substitution x 3y 36 and elimination 3. 4x + 3y 26 by elimination 3x-11y--7

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