Answer: Philip can earn back his initial investment in 12.4 years
Step-by-step explanation:
Amount Invested by Philips in period annuity = 800,000
Annual Percentage Rate (APR) = 5.2%
APR compounded monthly for a period of 20 years.
Amount to be received per annuity period = 800,000 * (((1+(0.052/12))^240)*(0.052/12))/(((1+0.052/12))^240)-1)
= 5368.43
Time taken ( in months ) by Philip to earn back his initial investment = 800,000/5368.43 = 149.02 months
Time taken ( in years ) by Philip to earn back his initial investment = 149.02/12 = 12.4 years
Hope it helps.
Thank you :)
Answer:
3217.00
Step-by-step explanation:
V=πr^2h=π·8^2·16≈3216.99088
Answer:
i am writing it just for points
They are both periodic functions that look like waves. They both have a period of 2pi and oscillate between 1 and -1.
