9514 1404 393
Answer:
$2,104.33 at the beginning of the month, or
$2,111.35 at the end of the month
Step-by-step explanation:
The amount you can withdraw at the end of the month is given by the annuity formula ...
A = P(r/12)/(1 -(1 +r/12)^(-12t))
where principal P is earning annual rate r for t years
A = $400,000(0.04/12)/(1 -(1 +0.04/12)^(-12·25)) ≈ $2,111.35
If the withdrawal is at the beginning of the month, then the amount is less by a factor of (1+0.04/12) ≈ 1.003333. It will be $2,104.33.
Answer: Amount = $143776
Step-by-step explanation:
Given that London was offered a job that paid a salary of $93,000 in its first year. The salary was set to increase by 2% per year every year.
Let P = 93000
Rate R = 2%
The amount of salary he will receive after 22 years can be calculated by using exponential equation
A = P(1 + 2%)^t
Where t = 22 years
A = 93000(1.02)^22
A = 93000 × 1.545979
A = 143776.11 dollars
Answer:
-240
Step-by-step explanation:
First multiply 8x5 because its 5 mornings per week for 8 weeks. Then you get 40. Multiply 40 by 6 to get 240. Mrs. Wilson is taking out the money from her balance so it will be -240. Sorry if i'm wrong
17/12 = 1 5/12
21 17/12 = 22 5/12