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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:
7/13
Step-by-step explanation:
P(A or B) = P(A) + P(B) − P(A and B)
P(red or jack) = P(red) + P(jack) − P(red and jack)
P(red or jack) = 26/52 + 4/52 − 2/52
P(red or jack) = 28/52
P(red or jack) = 7/13
Answer:
idk im not that smart
Step-by-step explanation:
Answer:C
Step-by-step explanation:Just did it on apex and got it correct ✋:)
