There are 0.75269 meters in 752.69 mm.
Answer:
n = 121
Step-by-step explanation:
Given,
Amount invested = $250,000
Quarterly payment (P) = $5500
Interest Rate (Quarterly) (r) = 8% /4 = 2%
Account balance = $ 0
Present value of Annuity formula ,
Present value = ![P\times\dfrac{1-(1+r)^{-n}}{r}](https://tex.z-dn.net/?f=P%5Ctimes%5Cdfrac%7B1-%281%2Br%29%5E%7B-n%7D%7D%7Br%7D)
![250000 = 5500\times\dfrac{1-(1+0.02)^{-n}}{0.02}](https://tex.z-dn.net/?f=250000%20%3D%205500%5Ctimes%5Cdfrac%7B1-%281%2B0.02%29%5E%7B-n%7D%7D%7B0.02%7D)
1.02⁻ⁿ = 0.091
-n ln(1.02) = ln (0.091)
n = 121
Hence it will take 121 Quarters to account balance $0.
I think it is 1,1,O but I don’t think you should believe me because I don’t know this very well