Each person received one quarter, which can be written as 1/4 or 0.25.
The amount she should invest today in the annuity is $455,450.40.
<h3>How much should be invested today?</h3>
The first step is to determine the future value of the monthly annuity.
Future value = monthly payment x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 3.6/12 = 0.3%
- n = number of periods : 15 x 12 = 180
Future value : 3250 x [(1.003^180) - 1] / 0.003 = 774,171.92
The second step is to determine the present value of this future annuity:
774, 171.92 / (1.036^15) = $455,450.40
To learn more about annuities, please check: brainly.com/question/24108530
#SPJ1
Horizontal- y=-1/2
vertical- x=5
x intercepts- (-2,0)
y intercepts- none
hole- (0, 1/5)
The answer is B, hope this helped
Answer:
336
Step-by-step explanation:
Required Formulas:-
1. Number of ways to select x things out of n things = ⁿCₓ
2. Number of ways to arrange n things when a things and b things are similar = n!/(a!*b!)
Since we have to choose 8 colors and we are having 3 different colors, it is only possible when we select 2 different colors (e.g. 5 red and 3 blue). To find all possible ways we will have to find all unique arrangements of selected color.
Using formula (1), number of ways to select 2 colors out of given 3 colors = ³C₂ = 3
Using formula (2), finding all unique arrangements when 5 stripes are of one color and 3 stripes are of second color = 8!/(3!*5!) = 56
Suppose, we can choose 5 stripes from red color and 3 stripes from blue color or 5 strips from blue color and 3 strips from red color. So there are 2 possibilities of arranging every 2 colors we choose .
∴ Answer=3*56*2 = 336
