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 = PRT
T = 6
P = 850
I = 1.9% = 0.019
I = (850)(0.019)(6) = 96.90 <==
Answer: Triangle is 150 sq
Rectangle is 360 sq
Step-by-step explanation:
Answer:
3 1/3 or 3.3(repeated)
Step-by-step explanation:
2/3 ÷ 1/5
= 2/3 × 5
= 10/3
= 3 1/3 or 3.3(repeated)
I hope this helped!
Answer:
-1/18
Step-by-step explanation:
Let's multiply left and right by 3n:
2 = -12 * 3n =>
-36n = 2
now divide by -36:
n = 2/-36 = -1/18