Let the total amount that Sarah deposited be $x
using the annuity formula:
A=P[((1+r)^n-1)/r]
A=future value
r=rate
n=number of years
from the information given:
A=$500000
r=2.75%
n=65-42=23 years
p=$x
thus plugging our values in the formula we get:
500000=x[((1+0.0275)^(23)-1)/(0.0275)]
500000=31.50x
x=15,872.04883
She deposited 15,873.04883 per year
The monthly deposit will therefore be:
15873.04883/12=$1322.67
Answer:
Step-by-step explanation:
Answer
106 sio so you multiply first
1+1+2+3+4+5+6×15
1+1+2+3+4+5+90
then you add all of them then it will be 106
Answer:
145⁰
Step-by-step explanation:
180 minus 73⁰ plus 62⁰
which is 180 minus 135
145⁰
Answer:
More than half I think its based off of a 1-10% scale
Step-by-step explanation:
it's greater than 5%
