<h3> Answer:</h3><h2>a.215</h2>
I don't know in letter b.
#CaRRyOnLeArniNG
Answer:
54
Step-by-step explanation:
What I would do is multiply 12x4 first to get 48, then after I'd multiply 12x1/2 to get 6 then I'd add them together to get 54.
Answer:
4 altogether
0,1 + 1, 1 = 1 RA
0,1 + 2,1 = 1 RA
0.2 +1, 2 = 1 RA
0,2 +2,2 = 1 RA
Step-by-step explanation:
Answer:
Step-by-step explanation:
This is an Annuity question. It is asking for recurring monthly payment(PMT). <em>You can use a financial calculator to solve it. I am using (Texas Instruments BA II plus)</em>
Since the payments occur monthly , adjust the interest rate to monthly rate and multiply 40 years by 12 since we have 12 months in a year<em>.</em>
Total duration of investment ; N = 40*12 = 480
Interest rate; I/Y = 5.75% /12 = 0.4792%
Future value; FV = 6,000,000
Present value ; PV = 0
then CPT PMT = 3,222.912
Therefore $3,222.91 should be deposited each month to achieve the goal.
