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:
if it is wednesday, it is a weekday.
Step-by-step explanation:
not all tables have 4 legs, not all printed words are in books, and not all months have 30 days.
Answer:
Hey there!
The area of a rectangle is the length times width.
Thus, we can write the equation, 600=30w.
Solving for the width, we get that the width is equal to 20 ft.
Let me know if this helps :)
It’s going to be -18
First add 6 to both sides to get x by itself
-6x + 18 = -6
+6 +6
X + 18 = 0
Then minus the 18 giving you x = -18
