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
So percent is parts out of 100 so x%=x/100
68/70
divide totaly
0.9714/1
multiply by 100/100 to make bottom 100
97.1% is the answer
Answer:
3
√
33
x
2
Step-by-step explanation:
Simplify
(Something is wrong with my keyboard hopefully you can put this together I'm sorry)
Answer:
A) I
Step-by-step explanation:
C is in 4th vertex and if moved 4 units it wii be in 1st vertex.
Answer:
x = 0, 4/5
Step-by-step explanation:
The zero-product property states that if the product of a and b is zero, then either a = 0, b = 0, or both terms equal zero
- Here our a term is -x and our b term is (5x - 4)
- Setting each term equal to zero and solving for x we get
- -x = 0 → x = 0
- 5x - 4 = 0 → 5x = 4 → x = 4/5
