9514 1404 393
Answer:
$2,104.33 at the beginning of the month, or
$2,111.35 at the end of the month
Step-by-step explanation:
The amount you can withdraw at the end of the month is given by the annuity formula ...
A = P(r/12)/(1 -(1 +r/12)^(-12t))
where principal P is earning annual rate r for t years
A = $400,000(0.04/12)/(1 -(1 +0.04/12)^(-12·25)) ≈ $2,111.35
If the withdrawal is at the beginning of the month, then the amount is less by a factor of (1+0.04/12) ≈ 1.003333. It will be $2,104.33.
Answer:
4
Step-by-step explanation:
oim pretty sure because when you mutiply, u are supposed to add the exponents and 3 + 4 = 7; hope this is correct
So, the fee is 125 and...
125+
a certain fee "x"
125+x*
which is paid monthly, that is 12 times:
125+x*12
and this equals 720.
125+x*12=720
subtracting 125:
x*12=595
dividing by 12:
x=49,58
and this is how much they pay each month!
What are the options on top take a picture of those then I will be able to help you