Answer:
Amount he must have in his account today is $5,617.92
Step-by-step explanation:
Data provided in the question:
Regular withdraw amount = $900
Average annual interest rate, i = 4% = 0.04
Time, n = 7 years
Now,
Present Value = ![C \times\left[ \frac{1-(1+i)^{-n}}{i} \right] \times(1 + i)](https://tex.z-dn.net/?f=C%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%20%5Cright%5D%20%5Ctimes%281%20%2B%20i%29)
here,
C = Regular withdraw amount
Thus,
Present Value = ![C \times\left[ \frac{1-(1+i)^{-n}}{i} \right] \times(1 + i)](https://tex.z-dn.net/?f=C%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%20%5Cright%5D%20%5Ctimes%281%20%2B%20i%29)
Present Value = ![900 \times\left[ \frac{1-(1+0.04)^{-7}}{ 0.04 } \right] \times(1 + 0.04)](https://tex.z-dn.net/?f=900%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1-%281%2B0.04%29%5E%7B-7%7D%7D%7B%200.04%20%7D%20%5Cright%5D%20%5Ctimes%281%20%2B%200.04%29)
Present Value =
Present Value =
Present Value = 936 × 6.00205
or
Present Value = $5,617.92
Hence,
Amount he must have in his account today is $5,617.92
Answer:

Step-by-step explanation:
1) Join the denominators.

2) Simplify.

3) Simplify.

Therefor, the answer is 5/6.
and in decimal from it will be, 0.8333333.
Answer:
The solution is
. Fourth option
Explanation:
Solve for x:

Move all the terms from the right to the left side of the equation, a zero in the right side:

Join all like terms:

The general form of the quadratic equation is:

Solve the quadratic equation by using the formula:

In our equation: a=1, b=-2, c=-46
Substituting into the formula:



Since 188=4*47

Take the square root of 4:

Divide by 2:

First option: Incorrect. The answer does not match
Second option: Incorrect. The answer does not match
Third option: Incorrect. The answer does not match
Fourth option: Correct. The answer matches exactly this option
It’s either A or C I would pick A even though they don’t really make sense.