Answer: Philip can earn back his initial investment in 12.4 years
Step-by-step explanation:
Amount Invested by Philips in period annuity = 800,000
Annual Percentage Rate (APR) = 5.2%
APR compounded monthly for a period of 20 years.
Amount to be received per annuity period = 800,000 * (((1+(0.052/12))^240)*(0.052/12))/(((1+0.052/12))^240)-1)
= 5368.43
Time taken ( in months ) by Philip to earn back his initial investment = 800,000/5368.43 = 149.02 months
Time taken ( in years ) by Philip to earn back his initial investment = 149.02/12 = 12.4 years
Hope it helps.
Thank you :)
Answer: >, <, ≥, ≤
Step-by-step explanation: Any of these are clear indicators of an inequality
Answer:
The easiest way is to round down to 40 and take 50% of that, which is 20. The actual answer is 20.5.
Step-by-step explanation:
Answer:
X = 5.9 (in degree mode)
Step-by-step explanation:
Do the following:
12(tan26) = X
Plugging this into a calculator, you will get:
X = 5.9 (in degree mode)
