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Igoryamba
3 years ago
10

Geoff purchased a life annuity for $4,800 that will provide him $100 monthly payments for as long as he lives. Based on IRS tabl

es, Geoff’s life expectancy is 240 months. How much of the first $100 payment will George include in his gross income?
Mathematics
1 answer:
Anestetic [448]3 years ago
3 0

Answer:George will receive $1200

first $100 payment which will included in his gross income.

Step-by-step explanation:

His gross income will be $100 per months multiple by 12months which will be his first $100 payment.

$100× 12=$1200

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AlladinOne [14]

Write the equation of a line that is parallel to y=-5/4x + 7

Any line parallel to the given line will have the same slope. In an equation presented in the y-intercept form, the slope is always the coefficient of "x". In this case, the slope is -5/4 (meaning the next point is down 5, and 4 to the right).


Our equation so far looks like this: y = -5/4x + b

"b" represents the y-intercept. To solve for be, we will need to substitute values into x and y. The next piece of information it gives us is one of the points, or solutions, of the line. This means that since this point is on the line, we can use its x and y values to substitute.


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Final Answer: y = -(5/4)x -4

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