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
Answer:
2/4, 3/6, and 4/8
Step-by-step explanation:
Equivalent fractions are made by multiplying the numerator and denominator by the same factor.
For 1/2, you can multiply the top and bottom by 2, 3, or 4 to get 2/4, 3/6, and 4/8 respectively.
Answer:
10
Step-by-step explanation:
Remove parentheses.
|9+1|
Simplify 9+1 to 10.
|10|
simplify
10
Answer: Earth: radius = 6378 kilometer, diameter = 12756 kilometers.
The point would become (8,2)
3+5=8
4-2=2