Answer:
None of the above
Step-by-step explanation:
10 + 10 + 4 + 4 = 28
First choice
4 + 4 + 5 + 5 = 18 X
Second choice
8 + 8 + 3 + 3 = 22 X
Third choice
9 + 9 + 7 + 7 = 32 X
Therefore there is none that are the same.
Answer:
25
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.
Answer:
D and B
Step-by-step explanation: