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
Answer:
a=112
b=6
c=280
Step-by-step explanation:
you just plug the number into the equation
28x=y
where x is the gallons
and y is the total miles
Answer:
Linear
Step-by-step explanation:
pretty self explanatory
steps:
total: 13 ppl
republicans: 4
1st person: 13-4/13 9/13
2nd person: 12-4/12 (because one person was taken out). 8/12
Answer:
12 days
Step-by-step explanation:
