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3 years ago

Help please, thanks in advance

Mathematics

1 answer:

ycow [4]3 years ago

5 0

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 :)

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Read 2 more answers

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zzz [600]

Answer:

x = 7
y = 97°
z = 19

Step-by-step explanation:

The markings on the figure show this to be a parallelogram. That means opposite sides are congruent. Because the sides are parallel, "alternate interior" angles are also congruent.

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The side marked Z is congruent to the opposite parallel side, so ...

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The missing measures are ...

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Additional comment

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