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
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Answer:
130 degrees
Step-by-step explanation:
arc CA is 50 since the angle is 50 and then you would subtract from 180 since it is half the circle which leaves you with C, or 130 degrees.
Answer:
there is sufficient evidence to support the claim that male student have a sitting height different of 91.4 cm.
Step-by-step explanation:
p value = 0.0198
level of significance = 0.05
hypothesis:-
decision:-
p value = 0.0198 <0.05
so, we reject the null hypothesis.]
