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.
Thank you :)
1/2 = 2/4;
Compare 2/4 with 3/4;
Because 2 < 3, we have 2/4<3/4;
Finally, 1/2<3/4;
The correct answer is D.
Answer:
g-1(x)=SQRT{(x-4)/2} + 4
Step-by-step explanation:
I assume that the 2 is the exponent so ^ represents exponent
We know your function is g(x)=2(x-3)^2+4
For inverse functions we swap x and y values, note g(x) is like the y value
Isolate for y
y=2(x-3)^2+4
x=2(y-3)^2+4
(x-4)/2 = (y-3)^2
SQRT{(x-4)/2} + 4 = y
Therefore g-1(x)=SQRT{(x-4)/2} + 4
Answer:
Luis bought 5 packages of candy and 5 bags of chips
Step-by-step explanation:
1.25 for candy
0.50 for chips
1.25c + 0.50c = 8.75
First I tried to see how many times I could multiply 1.25, the answer that made the most sense was 5 because not only is 5 + 5 = 10, but when it equals the amount of money. So I changed my equation:
1.25(5) + 0.5(5)
6.25 + 2.5 = 8.75
