Answer:
a) 900 dollars
b) 5900 dollars
Step-by-step explanation:
The complete question is
A new bank customer with $5,000 wants to open a money market account. The bank is offering a simple interest rate of 1.8%. a. How much interest will the customer earn in 10 years? b. What will the account balance be after 10 years?
Answer:
8/13 chance to get a jack, Queen, King or Red
7/6X=140
X=120
That's your answer.
Answer: Choice B
(-1,0), (-1,-2), (-3, -1), and (-3, -2)
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Explanation:
Let's focus on the point (2,0)
If we shift it 3 units to the left, then we subtract 3 from the x coordinate to get 2-3 = -1 as its new x coordinate. The y coordinate stays the same.
That means we move from (2,0) to (-1,0)
Based on this alone, choice B must be the answer as it's the only answer choice that mentions (-1,0).
If you shifted the other given points, you should find that they land on other coordinates mentioned in choice B.
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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