Answer:
$ 809.78
Step-by-step explanation:
Given that
F = future value = $50,000
Interest rate = r = 1.45% = 0.0145
Number of period per year = 12months
Time expressed in years = 5years
The present value of a periodic deposit
P =( F ×r/n)/{ (1+r/n)^nt} -1
Substituting the values into the above formula
P = (50000× 0.0145/12)/(1+0.0145/12)^12×5}-1
= 50000×0.001208/(1+0.0012)^60}-1
= 60.4/1.0012)^60}-1
60.416/1.074608-1
60.4/0.07460
= $ 809.779
His monthly deposit will be $ 809.78
Answer:
<h2><em><u>1</u></em><em><u>st</u></em><em><u> </u></em><em><u>option</u></em><em><u> </u></em></h2>
Step-by-step explanation:
<span>In order to Convert 3/11 into a decimal, you have to divide 3/11 out. If you were to put the three on top, and the 11 on the bottom, (here's a little tip to make it easier " top dog stays out and snoopy stays in. Top dog would be 3 because it is on the top of the fraction. Snoopy would be the 11 which is on the bottom of the fraction.) so with that being said..... So if you do 3 divided by 11 The answer would be 0.27272727...hope it helped.
</span>
Answer:
part A: 5/12
part B: 5/144
part C: when you pick the red marble without replacing them, the sequence becomes like this: 5/12 --> 4/12 --> 3/12. So if you multiply them all for each draw, you get 5/144
St
