Answer:
When using formulas in application, or memorizing them for tests, it is helpful to note the similarities and differences in the formulas so you don’t mix them up. Compare the formulas for savings annuities vs payout annuities.
Savings Annuity Payout Annuity
P
N
=
d
(
(
1
+
r
k
)
N
k
−
1
)
(
r
k
)
P
0
=
d
(
1
−
(
1
+
r
k
)
−
N
k
)
(
r
k
)
PAYOUT ANNUITY FORMULA
P
0
=
d
(
1
−
(
1
+
r
k
)
−
N
k
)
(
r
k
)
P0 is the balance in the account at the beginning (starting amount, or principal).
d is the regular withdrawal (the amount you take out each year, each month, etc.)
r is the annual interest rate (in decimal form. Example: 5% = 0.05)
k is the number of compounding periods in one year.
N is the number of years we plan to take withdrawals
Answer: 44%
Step-by-step explanation:
There are 25 squares in the rectangle. This means that the percentage of each square is:
= 1/25 * 100
= 4%
There are 11 shaded squares so the percentage represented is:
= 11 * 4%
= 44%
Answer:
89
Step-by-step explanation:
2^3=2*2*2=8
3^4=3*3*3*3=9*9=81
8+81=89
Your answer is 2/3. As a decimal it is .66 or rounded to .67
