#4 is tough for me can you help me and explain how you got the answers.
1 answer:
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The annuity could provide $221.19 each month
Step-by-step explanation:
The ANNUITY FORMULA is , where
1. is the balance in the account after t years
2. d is the regular deposit (the amount you deposit each year or month
or .........)
3. r is the annual interest rate in decimal
4. n is the number of compounding periods in one year
5. t the number of years
∵ Loren knows that he will have $500,000 when he retires
∴ = $500,000
∵ he sets up a payout annuity for 30 years in an account paying 10%
interest
∴ t = 30 years
∴ r = (10/100) = 0.1
∵ The annuity could provide each month
∴ n = 12
Substitute the values above in the formula
∴
∴
∴ 500,000 = d [2260.487925]
- Divide both sides by 2260.487925
∴ d = $221.19
The annuity could provide $221.19 each month
Learn more:
You can learn more about deposit in brainly.com/question/8782252
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Answer: The true statement is,
'N is the mid point of JL'.
Step-by-step explanation:
Since, By the given diagram we get the following information,
M is mid point of KL because, KM=ML,
N is the mid point of JL Because, JN=NL
If we connect the points M and N then we get a line MN,
Which is called mid segment.
And, By the Mid point theorem,
and MN= KJ/2 = 12.8/2=6.4 m
Therefore from the above information we can say that only second Option is correct.