Answer:
54 times larger than 2
Step-by-step explanation:
108 divided by 2 is 54
Answer:
106.67%
Step-by-step explanation:
85% as a fraction is 4/5
25% as a fraction is 3/4
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/
=
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Convert 16/15 to a decimal: 1.067
Multiply: 1.067 · 100= 106.67%
Let the total amount that Sarah deposited be $x
using the annuity formula:
A=P[((1+r)^n-1)/r]
A=future value
r=rate
n=number of years
from the information given:
A=$500000
r=2.75%
n=65-42=23 years
p=$x
thus plugging our values in the formula we get:
500000=x[((1+0.0275)^(23)-1)/(0.0275)]
500000=31.50x
x=15,872.04883
She deposited 15,873.04883 per year
The monthly deposit will therefore be:
15873.04883/12=$1322.67
Convert 3/4 to a denominator of 8 by multiplying by two, getting you:
6/8 + 1/8
Add those and you get D) 7/8
