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quester [9]
3 years ago
8

Joe Hernandez has inherited $25,000 and wishes to purchase an annuity that will provide him with a steady income over the next 1

2 years. He has heard that the local bank is currently paying 6% p.A. (compounding annually). If he were to deposit his fund, what is the equal amount would he be able to withdraw at the end of each year for 12 years?
Mathematics
2 answers:
mote1985 [20]3 years ago
8 0

Answer:

p=2982

Step-by-step explanation:

Rate of interest = 6 % p.a

No of year = 12

P.V = $ 25000

Installments (p) = ?

We know the formula of P.V annuity

P.V = P[ 1-(1+r)-n/r]

25000 = P[1-(1+0.06)-12/0.06]

P = 2982 will withdraw annuity

elena-14-01-66 [18.8K]3 years ago
7 0
2 always the same number
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what is the equation of the line that is parallel to the given line and passes through the point (2, 3) ? a. x + 2y = 4 b. x + 2
aleksandr82 [10.1K]

Answer:

see explanations

Step-by-step explanation:

The given blue line has a slope of m = -1/2.

The line parallel to the given line passing through point (x0,y0)=(2,3) is given by the point-slope form:

(y-y0)=m(x-x0)

substitute values

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Expand and transpose

y = (-1/2)x + 1 + 3

y = (-1/2)x + 4  ....................(1)

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2 years ago
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mart [117]

Answer:

B. No, the remainder is -50.

General Formulas and Concepts:

<u>Algebra I</u>

  • Roots are when the polynomial are equal to 0

<u>Algebra II</u>

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Step-by-step explanation:

<u>Step 1: Define</u>

Function f(x) = x³ - 10x² + 27x - 12

Divisor/Root (x + 1)

<u>Step 2: Synthetic Division</u>

<em>See Attachment.</em>

To determine whether a given root is an actual root, the remainder must equal 0. Since we have a remainder of -50, the given root is not a factor of the polynomial.

<em>Please excuse the bad handwriting. Hope this helped!</em>

6 0
3 years ago
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