Answer:
38minutes
Step-by-step explanation:
41-3=38
The amount she should invest today in the annuity is $455,450.40.
<h3>How much should be invested today?</h3>
The first step is to determine the future value of the monthly annuity.
Future value = monthly payment x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 3.6/12 = 0.3%
- n = number of periods : 15 x 12 = 180
Future value : 3250 x [(1.003^180) - 1] / 0.003 = 774,171.92
The second step is to determine the present value of this future annuity:
774, 171.92 / (1.036^15) = $455,450.40
To learn more about annuities, please check: brainly.com/question/24108530
#SPJ1
y-2= m(x-2)
Step-by-step explanation:
Y-y1=m(x-x1)
it's just plugging in the points to point slope formal
Answer:
C
Step-by-step explanation:
Two like therms have the same literal part, in case we have two terms:
6y^3z and 8y^3z
Answer:
4.75 m
Step-by-step explanation:
s=ut+1/2at²
s=10(1/2)+1/2(-2)(1/2)²
s=4.75 m
