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: T=-3 5/12
Step-by-step explanation: 6 1/3-6 /13
6 1/3-9 3/4= -3 5/12
T= -3 5/12
Answer:
295 minutes
Step-by-step explanation:
It is given that Speedy the Sloth drinks tea at a steady rate of 2/7 cups per hour.
Yesterday she drank 1 cup and today she drank 17/42 of a cup more than yesterday. This means today she drank 1 + 17/42 cups.
Time taken to drink 2/7 of a cup = 1 hour = 60 minutes
Time taken to drink 1 cup =
minutes
Time taken to drink 1+17/42 cups =
minutes
Since she drinks tea as long as she stay awakes. This means, she stayed awake for 295 minutes today.
Answer:
y=3x+1
Step-by-step explanation:
y=mx+c
Gradient is 3
Rise/run=3/1=3
Y intercept=1
y=3x+1