Answer:
-7 C
Step-by-step explanation:
The difference between -5 C and -12 C is -7 C, since -12 - (-5) = -7
The amount to be invested today so as to have $12,500 in 12 years is $6,480.37.
The amount that would be in my account in 13 years is $44,707.37.
The amount I need to deposit now is $546.64.
<h3>How much should be invested today?</h3>
The amount to be invested today = future value / (1 + r)^nm
Where:
- r = interest rate = 5.5 / 365 = 0.015%
- m = number of compounding = 365
- n = number of years = 12
12500 / (1.00015)^(12 x 365) = $6,480.37
<h3>What is the future value of the account at the end of 13 years?</h3>
Future value = monthly deposits x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 5.3 / 12 = 0.44%
- n = 13 x 12 = 156
200 x [{(1.0044^156) - 1} / 0.0044] = $44,707.37
<h3>What should be the monthly deposit?</h3>
Monthly deposit = future value / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = 6.7 / 12 = 0.56%
- n = 2 x 12 = 24
$14,000 / [{(1.0056^24) - 1} / 0.0056] = $546.64
To learn more about annuities, please check: brainly.com/question/24108530
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Answer:
C. 14
Step-by-step explanation:
Add LM and MN
(3x + 5) + (4x + 7)
(4x + 3x) + (5 + 7)
7x + 12
As we know the total is 33
So,
7x + 12 = 33
Subtract 12 from 33, which gives me 21
Now,
7x = 21
To make x alone, divide both sides by 7, and then we will get x = 3
If x = 3
LM = 3x + 5
= (3*3) + 5
= 9 + 5
= 14
Answer:
I believe the answer is C.
