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:
37.7cm³
Step-by-step explanation:
pi×r² h/3
3.14×2² 9/3
=37.7cm³
Answer:
2
Step-by-step explanation:
3 plus 3 is 6 then divided by 3 is 2
Your answer will be 13,331 because you add up all the asset and subtract all the liabilities
Answer:
To find the average of a set of fractions,add all fractions, then divide the sum by the number of fractions as follows: Convert the integers and mixed numbers to improper fractions.
Step-by-step explanation: