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harkovskaia [24]
4 years ago
12

Which of these is an example of a recurring-payment variable annuity

Mathematics
1 answer:
Goshia [24]4 years ago
8 0

Answer:

25 years

Step-by-step explanation:

Your annuity is $300,000 at age 60, the insurance company offers you to pay $1,000 per month.

$300,000/$1,000 = $300 monthly

$300 months/12 = 25 years to recover investment

You will have to live until age 85 to break even

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What is work shown for 4n - 9 = -9
AysviL [449]

Answer:

you show the steps for how u got to your answer

Step-by-step explanation:

4n-9=-9

4n-9+9=-9+9

4n=0

4n/4=0/4

n=0

3 0
3 years ago
Over 12 hours the water in Julie's pool drained a total of 534.72 liters. It drained the same number of liters each hour. What w
Dafna1 [17]

Given:

Over 12 hours the water in Julie's pool drained a total of 534.72 liters.

It drained the same number of liters each hour.

To find:

The change in the number of liters of water in Julie's pool each hour and what is the unit rate.

Solution:

We have,

Water drained in 12 hours = 534.72 liters

Water drained in 1 hour = \dfrac{534.72}{12} liters

                                       = 44.56 liters

44.56 liters water drained in 1 hour.

So, the change in the number of liters of water in Julie's pool each hour is 44.56 liters.

The water is decreasing with respect to time, so the rate of change must be negative.

Rate of change = -44.56 liter per hour

Therefore, the rate of change is -44.56 liter per hour.

6 0
3 years ago
Rob Herndon, an accountant with Southwest Airlines, wants to retire 50% of
pogonyaev

For Rob Herndon to achieve his goal of paying off $430,000 in 10 years, he needs to make $34,186.97 at 5% compounded annually.

<h3>What is a future value?</h3>

A future value refers to a value on a future date based on an assumed growth rate of interest over some period.

The future value can be determined using the FV formula or table.

We can also compute the future value using an online finance calculator as follows:

<h3>Data and Calculations:</h3>

N (# of periods) = 10 years

I/Y (Interest per year) = 5%

PV (Present Value) = $0

FV (Future Value) = $430,000

<u>Results:</u>

PMT = $34,186.97

Sum of all periodic payments = $341,869.70

Total Interest= $88,130.30

Thus, for Rob Herndon to achieve his goal of paying off $430,000 in 10 years, he needs to make $34,186.97 at 5% compounded annually.

Learn more about determining Future Values at brainly.com/question/24703884

#SPJ1

8 0
2 years ago
What is the domain of the function y = √x
BigorU [14]
Domain of a function is all the possible answers you can get for x. In this case x equal to or grater than 0. 
8 0
4 years ago
Read 2 more answers
The answer to the photo
MissTica

Answer: p+(q÷r) this is because you divide a and r and add p to it

8 0
3 years ago
Read 2 more answers
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