Let the total amount that Sarah deposited be $x
using the annuity formula:
A=P[((1+r)^n-1)/r]
A=future value
r=rate
n=number of years
from the information given:
A=$500000
r=2.75%
n=65-42=23 years
p=$x
thus plugging our values in the formula we get:
500000=x[((1+0.0275)^(23)-1)/(0.0275)]
500000=31.50x
x=15,872.04883
She deposited 15,873.04883 per year
The monthly deposit will therefore be:
15873.04883/12=$1322.67
I think the answer is b
I hope this helps :)
Answer:
x=5
AOB = 8
BOC = 13
AOC = 21
Step-by-step explanation:
<em>Angle AOB and Angle BOC is equal to Angle AOC.</em>
AOB = x+3
BOC = 4x-7
AOC= 2x+11
AOB + BOC = AOC
x+3+4x-7 = 2x+11
5x-4 = 2x+11
3x = 15
x = 5
Therefore, the value of x is 5.
<em>Angle AOB = x+3</em>
AOB = 5+3
AOB = 8
<em>Angle BOC = 4x-7</em>
BOC = 4(5)-7
BOC = 13
<em>Angle AOC = 2x+11</em>
AOC = 2(5)+11
AOC = 21
!!
x = 4
8 multiplied by itself is 64.
And so, 2 times itself is 4.