Answer:
<em>$7,196.42 </em>
Step-by-step explanation:
Using the compound interest formula to fins the amount after 10years;
A = P(1+r)^n
Principal P = $400,000
Rate r = 8% = 0.08
Time t = 10 years
Substitute
A = 400,000(1+0.08)^10
A = 400,000(1.08)^10
A = 400,000(2.1589)
A = 863,569.99
A ≈ 863,570
Hence the amount after 10 years is $863,570
Monthly deposit = $863,570/120 (10 years is equivalent to 120months)
Monthly deposit = 7,196.42
<em>Therefore he will have to deposit $7,196.42 into his account monthly</em>
Answer:
see the procedure
Step-by-step explanation:
we know that
m∠1+m∠2=180° -----> supplementary angles (form a linear pair)
we have
m∠1=27° ----> given problem
substitute the measure of m∠1 in the equation above and solve for m∠2
27°+m∠2=180°
Subtract 27° both sides
27°+m∠2-27°=180°-27° ----> by subtraction property of equality
m∠2=153°
First you find 4/5 of 8 and then 4/5of 7 and multiply them
