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
Find the mean for the data set. 7, 6, 7, 7, 7, 4, 4, 6, 5, 5, 7
saul85 [17]
Answer:
5.909
Step-by-step explanation:
Answer:
a
Step-by-step explanation:
Firstly we are looking for two variables x,y so that we need two formulas .
the second formula is missing
