Answer:
Amount he must have in his account today is $5,617.92
Step-by-step explanation:
Data provided in the question:
Regular withdraw amount = $900
Average annual interest rate, i = 4% = 0.04
Time, n = 7 years
Now,
Present Value = ![C \times\left[ \frac{1-(1+i)^{-n}}{i} \right] \times(1 + i)](https://tex.z-dn.net/?f=C%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%20%5Cright%5D%20%5Ctimes%281%20%2B%20i%29)
here,
C = Regular withdraw amount
Thus,
Present Value =
Present Value = ![900 \times\left[ \frac{1-(1+0.04)^{-7}}{ 0.04 } \right] \times(1 + 0.04)](https://tex.z-dn.net/?f=900%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1-%281%2B0.04%29%5E%7B-7%7D%7D%7B%200.04%20%7D%20%5Cright%5D%20%5Ctimes%281%20%2B%200.04%29)
Present Value = ![936 \times\left[ \frac{1 - 1.04^{-7}}{ 0.04} \right]](https://tex.z-dn.net/?f=936%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1%20-%201.04%5E%7B-7%7D%7D%7B%200.04%7D%20%5Cright%5D)
Present Value = ![936 \times\left[ \frac{1 - 0.759918}{ 0.04} \right]](https://tex.z-dn.net/?f=936%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1%20-%200.759918%7D%7B%200.04%7D%20%5Cright%5D)
Present Value = 936 × 6.00205
or
Present Value = $5,617.92
Hence,
Amount he must have in his account today is $5,617.92
Answer: 113.04
Step-by-step explanation: The equation for the area of a circle is pi r squared so you have to find the radius first. To find the radius, find the diameter first. A way to do this which was easiest for me was dividing 37.68 by pi (3.14), which is 12. Divide the diameter by 2 to find the radius, 6.
Now use the equation from the beginning, pi r squared. So plug in pi as 3.14, then the radius as 6. It is important to always square the radius first, which would be 36. Now multiply 36 by 3.14, and there should be your answer.
The answer is approximately 0.11857
Answer: 12.65
i could be wrong if i am i am so sorry
Answer:
6 times 10^3
Step-by-step explanation:
You multiply 3 and 2 together and 10^7 and 10^-4 together. 3x2 is equal to 6 and 10^7 times 10^-4 is the same as 10^7-4 which is equal to 10^3. Therefore, the answer is 6 times 10^3.
If this has helped please mark as brainliest
