Based on the value of the annuity, the amount it earns, and the compounding period, the money paid to Nathan each month will be B. $5,840.62.
<h3>How much will Nathan be paid monthly?</h3>
The amount Nathan will be paid is an annuity because it is constant.
First find the monthly interest and the compounding period in months:
= 4.8/12 months
= 0.4%
Number of compounding periods:
= 20 x 12
= 240 months
The monthly payment is:
Present value of annuity = Annuity x ( 1 - (1 + rate) ^ -number of periods) / rate
900,000 = A x ( 1 - (1 + 0.4%)⁻²⁴⁰) / 0.375%
900,000 = A x 154.0932
A = 900,000 / 154.0932
= $5,840.62.
Find out more on the present value of an annuity at brainly.com/question/25792915.
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Answer:
<u>The solution for the equation is x equal to -16</u>
Step-by-step explanation:
Let's find the solution for x in the equation given:
x/2 + 3 = -5
Multiplying by 2 at both sides of the equation, we have:
x + 6 = -10
Subtracting 6 at both sides of the equation, we have:
x + 6 - 6 = - 10 - 6
x = - 16
<u>The solution for the equation is x equal to -16</u>
Terms used: multiply, subtract, solution, equal to, equation
A) let x=months let y=cost
y=mx+b
y= 20x+ 60
Remember 20 is the variable which means in this case every month it cost 20$ and 60 is the constant which means you only pay it once
B) let x= Months let y= cost
y=10x + 150
C) platinum gym
y= 20x+60
y=20(1)+60
y=20+60
y=80
Superfit
y=10x+150
y=10(1)+150
y=10+150
y=160
Therefore Tom will pay less after the first month
D) y=y solve for x
y=20x+60
y=10x+150
20x+60=10x+150
-10x. -10x
10x+ 60=150
-60. -60
10x=90
10x/10=90/10
X=9
9 months
Pick any equation and sub in x
Y=10x+150
Y=10(9)+150
Y=90+150
Y=240
240$
Know that you only have to do one equation to find y but if you want to show both you can
Therefore there is a period where Tom and Edward paid the same amount, after nine months they would both pay $240
E) if they plan on going to the gym 9 months and less the best deal gym is platinum gym but if they want to go for more then 9 months then the best deal gym is super fit