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 :)
Step-by-step explanation:
x³ - 4x² + 3x
= x(x² - 4x + 3)
= x(x -3)(x - 1)
× = 0, 1, 3
Answer:
The answer is 1 cup
Step-by-step explanation:
10 - 9 = 1 cup of flour
I believe that the answer is C. x - 114 : y - 34
