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svetlana [45]
2 years ago
10

Cheryl Wilcox is planning for her retirement, so she is setting up a payout annuity with her bank. She wishes to receive a payou

t of $1,500 per month for twenty years.
(a) How much money must she deposit if her money earns 8% interest compounded monthly? (Round your answer to the nearest cent.)

(b) Find the total amount that Cheryl will receive from her payout annuity.
Mathematics
1 answer:
Nata [24]2 years ago
6 0

Answer:

35h6j7jhtgr54y6htsrhr6wrttttwy

Step-by-step explanation:

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Find three numbers such that their sum is 12, the sum of the first, twice the second, and three times the third is 31, and the s
Tpy6a [65]

Answer:

a = 3, b = -1, c = 10

Step-by-step explanation:

Let the three numbers be a, b and c.

Equation 1: a + b + c = 12

Equation 2: a + 2b + 3c = 31

Equation 3: 9b + c = 1

Equation 2 - Equation 1:

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Equation 3 times by the number 2

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2c = 20

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Substitute into Equation 1:

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a - 1 + 10 = 12

a = 3

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3 years ago
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The value of y is ___ the value of x.<br><br>Write the equation
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3 years ago
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#13.
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#14
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