1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SVEN [57.7K]
3 years ago
12

Emma decides to invest $990,000 in a period annuity that earns a 2.2% APR,

Mathematics
2 answers:
iris [78.8K]3 years ago
8 0
The correct answer is D. 3759.04



Explain

The formula is

PMT= amount {APR/n/(1+APR/n)^ny-1

APR is rate per year

N - is number of month

Y- number of year

Now let me begin ...

amount = 990,000
APR= 2.2%
N=12
Y= 20 yrs


Now let’s put all this in the formula and simplify


Pmt = 990000{2.2/12/(1+2.2/12)^12x20-1

Now simply


Pmt= 990000{0.18333/(1+0.18333)^240 -1

990000{0.18333/(1.18333)^240 -1}


1.00183333^240 -1= 0.55208

Pmt = 990000x 0.00183333/0.55208

1814.9967/0.55208

= 3759.04







Sorry for taking long , I have to check my work twice before sending , so I can give you correct answer


I hope this help you :D









Pani-rosa [81]3 years ago
4 0

Answer: B) 6462.32

Step-by-step explanation:

Compound interest can be calculated via the attachment.

Hope it helps <3

You might be interested in
Question 4(Multiple Choice Worth 3 points)
pychu [463]
Side of the <span>square tile = x-3  </span>⇒  Area = (x-3)² = x² - 6x + 9
6 0
3 years ago
13.3x + 8.1 = 74.6<br><br> A. 6.2<br> B. 6 <br> C. 5<br> D. 0.5
navik [9.2K]

13.3x + 8.1 = 74.6


C. 5

7 0
3 years ago
Read 2 more answers
A baby can crawl ¾ foot in ¼ minute. How far does the baby get per minute?
Licemer1 [7]

Answer:

3 ft per minute

Step-by-step explanation:

Take the distance and divide by the time

3/4 ft ÷ 1/4 minute

Copy dot flip

3/4 * 4/1

Rewriting

3/1 * 4/4

3/1 *1

3 ft per minute

5 0
2 years ago
The three-dimensional figure below is a solid rectangular prism with a hole in the shape of another rectangular prism going thro
valkas [14]

gyjxfionxdu chipgz ho00

7 0
3 years ago
PLEASEE HELP.!! ILL GIVE BRAINLIEST.!! *EXTRA POINTS* DONT SKIP:((
Sonja [21]

Answer:

2 and 1/4 liters

Step-by-step explanation:

add them together

3 0
3 years ago
Read 2 more answers
Other questions:
  • Given that a cubit is equivalent to 17.7 in., find the volume of the ark in cubic feet.
    9·1 answer
  • How do I work this out?
    6·2 answers
  • Let f (x)=2x-1 ,g (x)=3x,solve g (f (x))
    9·1 answer
  • Canceled cheques are negotiable at the bank for the face value.<br> True<br> False
    12·1 answer
  • The one I’m pointing to
    10·1 answer
  • Given b=-4 and h=-2 what is the equation of the graph if the parent function is y= square root of x?
    12·1 answer
  • The Reds and the Cubs are playing 3 games. In each game the probability that the Reds win is 0.54. The probability of the Reds w
    9·1 answer
  • Tyrese rolled his car 121.92 centimeters. How many INCHES did Tyrese roll his car? (Hint 1in= 2.54 cm
    15·1 answer
  • Which transformation represents a reflection over the y-axis?
    5·2 answers
  • POSSIBLE
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!