Let the total amount that Sarah deposited be $x
using the annuity formula:
A=P[((1+r)^n-1)/r]
A=future value
r=rate
n=number of years
from the information given:
A=$500000
r=2.75%
n=65-42=23 years
p=$x
thus plugging our values in the formula we get:
500000=x[((1+0.0275)^(23)-1)/(0.0275)]
500000=31.50x
x=15,872.04883
She deposited 15,873.04883 per year
The monthly deposit will therefore be:
15873.04883/12=$1322.67
Answer:
She gave away 12, so she still has 4.
Step-by-step explanation:
16 times .75 equals 12.
Answer:
170
Step-by-step explanation:
There are three times as many teaching assistants as research assistants. Find the number of research assistants employed by the university. Hence the number of research assistants is 170.
Answer:
The answer is B. 298? im not sure if it was supposed to be ≈ or not
