9514 1404 393
Answer:
$4127
Step-by-step explanation:
The amortization formula is good for finding this value.
A = P(r/12)/(1 -(1 +r/12)^(-12t))
where P is the amount invested at rate r for t years.
A = $600,000(0.055/12)/(1 -(1 +0.055/12)^(-12·20)) = $4127.32
You will be able to withdraw $4127 monthly for 20 years.
Answer:
Step-by-step explanation:
You know that anything to the zeroeth power is 1, so the equation is now
-7 * 1, or -7.
Answer:
(-2,3)
Step-by-step explanation:
The point where two lines cross should be your answer!!!
(-2,3) is where the two lines meet/cross!!
That is the definition of a system on a graph!
-Where two lines meet/cross!!
a) Sammie earns
£320×4% = £12.80
each year.
Joel earns
£420×3% = £12.60
each year.
Sammie earns the most interest.
b) Joel's interest after 5 years is
£12.60×5 = £63
so the total amount of money Joel will have is
£420 +63 = £483
Answer:
2d +18
Step-by-step explanation:
use distributive property:
a(b+c)
= ab+ac
