Answer:
Monthly payment is $5970
Step-by-step explanation:
Given : April invested in a lifetime annuity that begins payments at age 65. Her life expectancy is 89. April invested a $1,000,000 into the annuity, which earns 4.4% APR compounded monthly.
To find : what is April's monthly payment amount?
Solution :
Formula of monthly payment
Monthly payment,
Discount factor
Where, Amount = $1,000,000
Rate r= 4.4%=0.044 compounded monthly
Time = 89-65=23 years
Now, put all the values we get,
Monthly payment,
Approximately,monthly payment is $5970
First, solve within the parentheses. 18/6=3. Now solve the multiplication and division 1/2x6=3. The equation is now 3+9-3. Add and/or subtract from left to right. 3+9=12. 12-3=9. The answer is 9.
Answer:
A) 34x²
Step-by-step explanation:
6x * 7x = 42x²
2x * 4x = 8x²
42x - 8 x = 34x²
Answer:
Greater than 3
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The length is 120 feet. Setting up a proportion, you get 1/40=3/x. Solving for x, you get 120.