The total balance in Raul's account after 40 years when he retires is $65,714.90.
<h3>What is the total balance?</h3>
The formula that can be used to determine the balance of the accout is: monthly amount saved x annuity factor.
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 1.5/12
- n = number of periods = 12 x 40 = 480
$100 x [(1.00125^480) - 1 ] / 0.00125 = $65,714.90
Here is the complete question:
Raul is a saver. He sets aside $100 per month during his career of 40 years to prepare for retirement. He does not like the idea of investing because he prefers to minimize his risk as much as possible, so he puts his money in a savings account which earns 1.5% interest per year. What is the balance in the account after 40 years?
To learn more about annuites, please check: brainly.com/question/24108530
Answer:
The probability that a person with restless leg syndrome has fibromyalgia is 0.183.
Step-by-step explanation:
Denote the events as follows:
<em>F</em> = a person with fibromyalgia
<em>R</em> = a person having restless leg syndrome
The information provided is as follows:
P (R | F) = 0.33
P (R | F') = 0.03
P (F) = 0.02
Consider the tree diagram attached below.
Compute the probability that a person with restless leg syndrome has fibromyalgia as follows:
Thus, the probability that a person with restless leg syndrome has fibromyalgia is 0.183.
Answer would be D
Because the pattern is going by 3s and it is asking for the 9th so u just multiply 9 by 3 which give you 27 and if you want to check you answer then subtract 6 by 3 gives you 3 and theater number in the pattern is 15 so you just add 15 by 3 which is 18 and repeat the same thing until you get to the 9th number
18, 21, 24, 27...
Answer:
7z
Step-by-step explanation:
