Let the total amount that Sarah deposited be $x
using the annuity formula:
A=P[((1+r)^n-1)/r]
A=future value
r=rate
n=number of years
from the information given:
A=$500000
r=2.75%
n=65-42=23 years
p=$x
thus plugging our values in the formula we get:
500000=x[((1+0.0275)^(23)-1)/(0.0275)]
500000=31.50x
x=15,872.04883
She deposited 15,873.04883 per year
The monthly deposit will therefore be:
15873.04883/12=$1322.67
Answer:
13.5%
Step-by-step explanation:
<em>Answer:</em>
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1. 78 = 0.15x
78 / 0.15 = x
520 = x.....so 78 is 15% of 520
2. | 3x - 2 | = 8 | x + 1 | = 1
3x - 2 = 8 -(3x - 2) = 8 x + 1 = 1 -(x + 1) = 1
3x = 8 + 2 -3x + 2 = 8 x = 1 - 1 -x - 1 = 1
3x = 10 -3x = 6 x = 0 -x = 2
x = 10/3 x = -2 x = -2
ur answer is : x = -2
3. 3y - 4x + 5 = 0
3y = 4x - 5
y = 4/3x - 5/3
slope = 4/3
The answer would be 3z(5x + 7y)
