Based on the amount that Steve Weatherspoon wants to withdraw every year beginning in June 30, 2024, and the interest rate, the balance on June 30th 2023 should be $45,203.
<h3>What should the balance be in 2023?</h3>
The fact that Steve Weatherspoon wants to be able to withdraw a particular amount every year, this makes this amount an annuity.
The value in 2023 would therefore be the present value of the annuity that will then accrue to the required amounts as the years go by.
The present value of an annuity is:
= Annuity amount per year x Present value interest factor of an annuity, 11%, 3 years between 2024 and 2027
Solving gives:
= 13,126.25 x 3.44371
= $45,203
In conclusion, the balance on the fund in 2023 should be $45,203 in order for Steve Weatherspoon to achieve his objectives.
Find out more on the present value of an annuity at brainly.com/question/25792915
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Hello.
First, draw a picture of two parallel lines and a transversal.
Find the two same side angles, either the same side interior or the same side exterior.
We do not know the measurement of the angle, so we'll label it x.
The second angle is 20° smaller than the other one so we'll label is x-20
Same side angles are supplementary. Meaning that they add up to 180°
Next, make an equation.
1st angle + 2nd angle = 180°
Now substitute the first and second angle to x and x-20
The substituted equation should now look like this.
x+x-20=180
solve it and you'll get...
x=100
But we're not done.
The angle labeled x is 100°
The other one is x-20
And since x=100, the second angle is 100-20=80°
Now use linear pairs, more same side angles, vertical angles, alternate angles, and linear pairs, to label the rest. Remember that each angle is either 100° or 80°.
Hope this helped!
-Emily
56.58 divided by 6 would be 9.43 per shirt
Step-by-step explanation:
Hello there!
Solve for x:
-3x(x-8)-7x=12
-3x^2+24x-7x=12
-3x^2+17x+12=0
Can you factor it further?Feel free to ask questions in the comments.
:)
