The amount to be invested today so as to have $12,500 in 12 years is $6,480.37.
The amount that would be in my account in 13 years is $44,707.37.
The amount I need to deposit now is $546.64.
<h3>How much should be invested today?</h3>
The amount to be invested today = future value / (1 + r)^nm
Where:
- r = interest rate = 5.5 / 365 = 0.015%
- m = number of compounding = 365
- n = number of years = 12
12500 / (1.00015)^(12 x 365) = $6,480.37
<h3>What is the future value of the account at the end of 13 years?</h3>
Future value = monthly deposits x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 5.3 / 12 = 0.44%
- n = 13 x 12 = 156
200 x [{(1.0044^156) - 1} / 0.0044] = $44,707.37
<h3>What should be the monthly deposit?</h3>
Monthly deposit = future value / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = 6.7 / 12 = 0.56%
- n = 2 x 12 = 24
$14,000 / [{(1.0056^24) - 1} / 0.0056] = $546.64
To learn more about annuities, please check: brainly.com/question/24108530
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Answer:
C
Step-by-step explanation:
It is C because the 2 is attached to the variable Y
Answer:
salut
X+6=45
X=45-6
X=39
Step-by-step explanation:
$201.19-16.95= 184.24 184.24/.94= 196
SoAlonzo drove 196 miles in the truck. Hope this helps!
Answer:
A su mamá
= 2937 pesos
A su hermano
= 1566.4 pesos
El resto para ella
= 3328.6 pesos
Step-by-step explanation:
El número total de pesos que cada uno consiguió se calcula como:
Su madre
= 3/8 del total
= 3/8 × 7832
= 2937 pesos
Su hermano
= 1/5 del total
= 1/5 × 7832
= 1566.4 pesos
Sí misma
= El resto
= 7832 - (2937 + 1566,4)
= 7832 - 4503.4
= 3328.6 pesos
