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:
83,403
Step-by-step explanation: Take 74,145 and multiply it by 4%. Then take that number and add it to the 74,145 and that'll give you year one. For year 2 you'll take your total from year 1 and multiply it by the 4% growth rate then you'll add the 4% to what your ending from year 1 and that'll give you your total growth after 2 years. Then you'll take your ending total from year 2 and multiply it by 4% and then you'll add that 4% to the total end from year 2 and that'll give you your total growth of 4% every year for 3 consecutive years.
Hope this helps!
Answer:
it can be use in equation
An irrational number is a number that cannot be expressed as a fraction for any integers and. . Irrational numbers have decimal expansions that neither terminate nor become periodic.
Answer:B and E
It is B and E because it’s exponent matches the equation. In B, there are 2 fives and the exponential form shows 5 to the power of 2. In E, there are 6 sevens and the exponential form shows 7 to the power of 6.
