The total balance in Raul's account after 40 years when he retires is $65,714.90.
<h3>What is the total balance?</h3>
The formula that can be used to determine the balance of the accout is: monthly amount saved x annuity factor.
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 1.5/12
- n = number of periods = 12 x 40 = 480
$100 x [(1.00125^480) - 1 ] / 0.00125 = $65,714.90
Here is the complete question:
Raul is a saver. He sets aside $100 per month during his career of 40 years to prepare for retirement. He does not like the idea of investing because he prefers to minimize his risk as much as possible, so he puts his money in a savings account which earns 1.5% interest per year. What is the balance in the account after 40 years?
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Answer:
6 servings
Step-by-step explanation:
Each serving Tim uses 1/9 cup. So, after using the amount of syrup reduces and repeated subtraction is division.
÷

= 2 *3
= 6
Answer:
2.5
Step-by-step explanation:
its just 4 x x so you just times 2.5 by 4
The first term is 896.
The common ratio is -448/896 = -1/2.
The formula tells you the n-th term (an) is
.. an = a1*r^(n-1)
As with any formula, you substitute the given values to find the one you want to know.
.. a8 = 896*(-1/2)^(8 -1) = -896/128 = -7
Even if you don't know how to do the arithmetic, your calculator does.
The eighth term of the sequence is -7.