Answer:
Amount he must have in his account today is $5,617.92
Step-by-step explanation:
Data provided in the question:
Regular withdraw amount = $900
Average annual interest rate, i = 4% = 0.04
Time, n = 7 years
Now,
Present Value = ![C \times\left[ \frac{1-(1+i)^{-n}}{i} \right] \times(1 + i)](https://tex.z-dn.net/?f=C%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%20%5Cright%5D%20%5Ctimes%281%20%2B%20i%29)
here,
C = Regular withdraw amount
Thus,
Present Value = ![C \times\left[ \frac{1-(1+i)^{-n}}{i} \right] \times(1 + i)](https://tex.z-dn.net/?f=C%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%20%5Cright%5D%20%5Ctimes%281%20%2B%20i%29)
Present Value = ![900 \times\left[ \frac{1-(1+0.04)^{-7}}{ 0.04 } \right] \times(1 + 0.04)](https://tex.z-dn.net/?f=900%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1-%281%2B0.04%29%5E%7B-7%7D%7D%7B%200.04%20%7D%20%5Cright%5D%20%5Ctimes%281%20%2B%200.04%29)
Present Value =
Present Value =
Present Value = 936 × 6.00205
or
Present Value = $5,617.92
Hence,
Amount he must have in his account today is $5,617.92
Answer:
4 minutes.
Step-by-step explanation:
There are three trains that Rachel has to take to go to her job. The total time is taken by her, on average, 1 hour and 20 minutes i.e. (60 + 20) = 80 minutes.
In his journey, she walks for 15 minutes and a train journey for about 53 minutes.
Then the total waiting time for the trains is (80 - 53 - 15) = 12 minutes.
Therefore, the average waiting time, in minutes, at each of the three train stations will be
minutes. (Answer)
True because i² = -1 and a and b are real
The volume of the rectangular prism is 3.5x8x6, which is 168 square meters
Answer: No Solution
<u>Step-by-step explanation:</u>
ln x - ln (x + 2) = 4 restrictions: x > 0 and x + 2 > 0 → x > 0
ln
= 4
= e⁴
x = e⁴ (x + 2)
x = 54.5982 (x + 2)
x = 54.5982x + 109.1964
- 53.5982x = 109.1964
x = 
x = -2.0373
-2.0373 is not greater than 0 so is not valid
**************************************************************************
Answer: 2.1972
<u>Step-by-step explanation:</u>
eˣ = 9
ln eˣ = ln 9
x = ln 9
x ≈ 2.1972
**************************************************************************
Answer: 
<u>Step-by-step explanation:</u>
log₂ (3x - 4) = -1
3x - 4 = 2⁻¹
3x - 4 = 
<u> +4 </u> <u>+4 </u>
3x = 
3x = 

x = 
**************************************************************************
Answer: 1.117519
<u>Step-by-step explanation:</u>
in the calculator, type in 1 ÷ 9.
Then hit the eˣ button.
e¹⁾⁹
= e°¹¹¹¹¹¹
= 1.117519
rounded to 6 decimal places: 1.117519