Answer: the amount of the annuity is $501000
Step-by-step explanation:
We would apply the future value which is expressed as
FV = C × [{(1 + r)^n - 1}/r]
Where
C represents the yearly payments.
FV represents the amount of money
in your account at the end of 25 years.
r represents the annual rate.
n represents number of years or period.
From the information given,
r = 4% = 4/100 = 0.04
C = $12000
n = 75 - 50 = 25
Therefore,
FV = 12000 × [{(1 + 0.04)^25 - 1}/0.04]
FV = 12000 × [{2.67 - 1}/0.04]
FV = 12000 × 41.75
FV = $501000
Answer:
643 there you go................
C. $30.00 is the answer !!!!!!
Answer:y-2
Step-by-step explanation:
-1/5 + 1/2 u = -2/3
-6/30 + 15/30 u = -20/30
+6/30 +6/60
___________________
15/30 u = -14/30
(15/30 u = -14/30) ÷ (15/30)
u = -14/15
u = -.933
