The total amount of money which the Stewart family would have to pay into the annuity each quarter is $242.12.
<h3>How to calculate the payment?</h3>
Mathematically, annuity can be calculated by using this formula:
<u>Given the following data:</u>
- Number of times compounded (quarterly), n = 4.
- Present value, A = $13,000.
- Interest rate, r = 3.6% = 0.036.
Substituting the given parameters into the formula, we have;
P = 13000/53.6932898522
P = $242.12.
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Complete Question:
The Stewart family wants to save money to travel the world. They plan to invest in an ordinary annuity that earns 3.6% interest, compounded quarterly. Payments will be made at the end of each quarter. How much money do they need to pay into the annuity each quarter for the annuity to have a total value of $13,000 after 11 years?
Answer:
57/100
Step-by-step explanation:
Answer:
x = 10 1/8 | y = 40 1/2. | z= 30 3/8
Step-by-step explanation:
x + y + z = 81
4x = y
3x = z
x + 4x + 3x = 81
8× = 81
÷8. ÷8
x = 10 1/8
4x = y
(10 1/8) (4) = y
40 1/2 = y
3x = z
(3) (10 1/8) = z
30 3/8 = z
Answer:
Step-by-step explanation:
Use the Pythagorean theorem to find the length x of the third side.
x² + 6² = √90²
x² = 90-36 = 54
x = √54 = 3√6
Meatpackers sell by the pound, most hotdogs weigh like, a tenth of a pound.
And buns are usually baked in eight roll pans.
Hope this helped!
:)