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Vera_Pavlovna [14]
4 years ago
10

$3,250 is withdrawn at the end of every month from an account paying 4.1% compounded monthly. Determine the previous value of th

e account, given that withdrawals are made from the account for 30 years. Round to the nearest cent. a. $1,170,000.00 b. $2,304,150.99 c. $674,899.66 d. $672,601.61
Mathematics
2 answers:
Yanka [14]4 years ago
7 0

Answer:

Its d

Step-by-step explanation:

love history [14]4 years ago
4 0
Hi there :-)
Use the formula of the present value of annuity ordinary
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value?
PMT 3250
R interest rate 0.041
K compounded monthly 12
N time 30 years

Pv=3,250×((1−(1+0.041÷12)^(−12×30))÷(0.041÷12))=672,601.61

Hope it helps
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I need help with both
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Answer:

Part 1: 114,570,685 people

Part 2: The population grew by 2.5% (1,722,862 people)

Step-by-step explanation:  For part 1 you would multiply 100,236,820 by 1.143 because of the fact that your percentage is increasing.  so the 1 before the decimal point stands for 100% of the starting number and the .143 stands for the 14.3% that the population is increasing by.  


Part 2 you would divide 53,594,378 by 55,317,240 to get approximately .975.  .975 shows that 53,594,378 is about 97.5% of 55,317,240.  You then subtract the numbers 100 and 97.5 to get 2.5.  2.5 is the percentage that the population is increasing by.  So, then you could just subtract 55,317,240 and 53,594,378 to get 1,722,862.  This is the amount of people the population increased by.  Then you just put your answer that the population increased.  That it increased by 2.5% and 2.5%= 1,722,862 people

I hope this helps you :)

7 0
4 years ago
Jayla bought a table and some chairs at a furniture store.
anzhelika [568]

Answer:

b. She paid $30 for each chair.

6 0
3 years ago
Read 2 more answers
Footware manufacturing is projected to decrease output by 8.4% from 2006 to 2016. If footware manufacturing had 1.8 billion doll
kramer
Since the manufacturing company is expected to have a lower output by 8.4%, the output in 2016 will only be 91.6%. Given also that their output in 2006 is 1.8 billion dollars, we multiply this value by the decimal equivalent of 91.6% to determine the answer. That is,
                          projected output in 2016 = ($1.8 B) x (0.916)
                                                                 = $1.6488 B
Thus, the expected output in 2016 is approximately $1.6488 B. 
4 0
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The cafe where you work just ran out of coffee and you are at the store to buy 1 and 1/2 pounds of coffee you have to put a can
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Answer:

3/4 lbs more

Step-by-step explanation:

1 1/2 - 3/4 = 3/4

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A migrating bird flies 312 miles in 13 hours. How many miles does it fly in 5 ​hours?
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The answer is 120 miles , because it is a proportion 
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