Answer:
Step-by-step explanation:
The amount to be invested today so as to have $12,500 in 12 years is $6,480.37.
The amount that would be in my account in 13 years is $44,707.37.
The amount I need to deposit now is $546.64.
<h3>How much should be invested today?</h3>
The amount to be invested today = future value / (1 + r)^nm
Where:
- r = interest rate = 5.5 / 365 = 0.015%
- m = number of compounding = 365
- n = number of years = 12
12500 / (1.00015)^(12 x 365) = $6,480.37
<h3>What is the future value of the account at the end of 13 years?</h3>
Future value = monthly deposits x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 5.3 / 12 = 0.44%
- n = 13 x 12 = 156
200 x [{(1.0044^156) - 1} / 0.0044] = $44,707.37
<h3>What should be the monthly deposit?</h3>
Monthly deposit = future value / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = 6.7 / 12 = 0.56%
- n = 2 x 12 = 24
$14,000 / [{(1.0056^24) - 1} / 0.0056] = $546.64
To learn more about annuities, please check: brainly.com/question/24108530
#SPJ1
Answer:
Holly's score is an outlier because the mean of the data is 83, and 30 is very far then 83.
The mean is 83
The median is 87
Removing the outlier change the mean because the mean became higher.
The mean was most affected by the outlier because the mean changed to 86. 31
Greatest common factor of 18 and 12 is 6
18/6 = 3
12/6 = 2
so she can make 6 bags...each containing 3 chocolate bars and 2 bags of cookies
