Based on the value of the annuity, the amount it earns, and the compounding period, the money paid to Nathan each month will be B. $5,840.62.
<h3>How much will Nathan be paid monthly?</h3>
The amount Nathan will be paid is an annuity because it is constant.
First find the monthly interest and the compounding period in months:
= 4.8/12 months
= 0.4%
Number of compounding periods:
= 20 x 12
= 240 months
The monthly payment is:
Present value of annuity = Annuity x ( 1 - (1 + rate) ^ -number of periods) / rate
900,000 = A x ( 1 - (1 + 0.4%)⁻²⁴⁰) / 0.375%
900,000 = A x 154.0932
A = 900,000 / 154.0932
= $5,840.62.
Find out more on the present value of an annuity at brainly.com/question/25792915.
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Principal: $49,000
Depreciation Rate: 50%
Depreciation Time: 5 years
Exponential Function: y = 49,000 (0.50)^x
Plug it in: y = 49,000 (0.50)^4
0.5^4= 0.0625
0.0625 x 49,000 = 3062.5
Value of Car after 20 years: 3062.5
Now, we need to find out how much the car decreases in ONE year.
Half of 3062.5 = 1531.25
1531.25/5 = 306.25
3062.5 - 306.25 = 2756.25
Value of car after 21 years: $2756 ---> 2800 (nearest hundred dollars my bad)
Hope this helps! Have a great day!
Answer:
i really wish i can help u but i dont know the answer
Step-by-step explanation:
It will become a square of 5x8 so answer is 40
Answer:
easy what's 5% of 3000 that's just for one year then multiple it by 4
