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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Answer:
$14.4
Step-by-step explanation:
20%= .2
$18 x .2 = $3.60
$18 - $3.6 = $14.4
Answer:
4/13 is the answer
total = 4+3+5+1= 13
let a be the event of getting red marbles= total is 4
probability=4/13
Make an absolute value function, (coordinates are all (1,1), (2,2), (-5,5) (-1,1) etc.) and shift all the points up by 2 on the y-axis