there is 120 ways to get the word banana
Mrs. Yin bought more turkey than chicken. I know because 0.80 is greater than 0.69
The amount she should invest today in the annuity is $455,450.40.
<h3>How much should be invested today?</h3>
The first step is to determine the future value of the monthly annuity.
Future value = monthly payment x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 3.6/12 = 0.3%
- n = number of periods : 15 x 12 = 180
Future value : 3250 x [(1.003^180) - 1] / 0.003 = 774,171.92
The second step is to determine the present value of this future annuity:
774, 171.92 / (1.036^15) = $455,450.40
To learn more about annuities, please check: brainly.com/question/24108530
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y - 6 = 4(1 - 4)
y - 6 = 4 - 16
y - 6 = -12
y = -12 + 6
y = -6
This is a horizontal line through the point (0, -6). See below.
