Answer: Philip can earn back his initial investment in 12.4 years
Step-by-step explanation:
Amount Invested by Philips in period annuity = 800,000
Annual Percentage Rate (APR) = 5.2%
APR compounded monthly for a period of 20 years.
Amount to be received per annuity period = 800,000 * (((1+(0.052/12))^240)*(0.052/12))/(((1+0.052/12))^240)-1)
= 5368.43
Time taken ( in months ) by Philip to earn back his initial investment = 800,000/5368.43 = 149.02 months
Time taken ( in years ) by Philip to earn back his initial investment = 149.02/12 = 12.4 years
Hope it helps.
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Answer:
1 / We have the area of a rectangle ABCD = 8 x 16 = 128 ft²
2 / Find the area of an isosceles Δ DEF:
The base of the isosceles ΔDEF => DF = DC- FC = 16 -12 = 4 ft
So the area of Δ DEF = 1/2 (DF x EH) = 1/2 (4 x 6) = 12 ft²
3 / Area of the irregular shape = area ABCB + Area DEF = 128 + 12 = 140 ft²
Step-by-step explanation:
This one’s easy if you know how to do the fractions of 5.
The whole trip is 50 miles because 60% of 50 is 30 miles.
3/5 = 0.6
Answer:
A
Step-by-step explanation:
Answer:
Elaina just began working as an occupational therapist assistant for $21.00 per hour. For each paycheck she receives, 12% is deducted from the gross pay for Federal Withholding Tax. In addition, 1.45% is deducted for Medicare and 6.2% for Social Security. Below is Elaina’s paycheck with missing information.
Elaina’s gross pay for a two week period is $1680.00, what is her net pay?
Step-by-step explanation:
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