Simplify:
−3=12y−5(2y−7)
−3=12y+(−5)(2y)+(−5)(−7)(Distribute)
−3=12y+−10y+35
−3=(12y+−10y)+(35)(Combine Like Terms)
−3=2y+35
Flip the equation.
2y+35=−3
Subtract 35 from both sides.
2y+35−35=−3−35
2y=−38
Divide both sides by 2.
2y/2=−38/2
y=−19
The amount she should invest today in the annuity is $455,450.40.
<h3>How much should be invested today?</h3>
The first step is to determine the future value of the monthly annuity.
Future value = monthly payment x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 3.6/12 = 0.3%
- n = number of periods : 15 x 12 = 180
Future value : 3250 x [(1.003^180) - 1] / 0.003 = 774,171.92
The second step is to determine the present value of this future annuity:
774, 171.92 / (1.036^15) = $455,450.40
To learn more about annuities, please check: brainly.com/question/24108530
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Answer:
Step-by-step explanation:
let the number be x
(x+6)/3 =21
x+6=21*3
x+6=63
x=57
Answer:
x>14
Step-by-step explanation:
X-3> 11
Add 3 to each side
X-3+3> 11+3
x > 14
The hole is open at 14 since it is greater than
( it would be closed if it were ≥) The line goes to the right since it is greater than
Step-by-step explanation:
-(-3x-5)=7x
3x+5=7x
4x=5
x=5/4
