The amount she should invest today in the annuity is $455,450.40.
<h3>How much should be invested today?</h3>
The first step is to determine the future value of the monthly annuity.
Future value = monthly payment x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 3.6/12 = 0.3%
- n = number of periods : 15 x 12 = 180
Future value : 3250 x [(1.003^180) - 1] / 0.003 = 774,171.92
The second step is to determine the present value of this future annuity:
774, 171.92 / (1.036^15) = $455,450.40
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Answer:
x= -2
Step-by-step explanation:
If you are asking for the subtraction of the equations, then I have given the correct answer. If this is not what you are looking for, please state clearly what you are looking for and I will be happy to help!!
Answer:
80 square yards
Step-by-step explanation:
so you have to divide 20 into 100 to see how much each sheep gets. Each sheep gets 5 square yards. Then you just multiply how much each sheep gets by 5 and get 80 square yards.
Answer:
5 feet = 1 inch
Step-by-step explanation:
20 / 4 = 5
5 feet = 1 inch