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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1) The average increase in the level of CO2 emissions per year from years 2 to 4 is:
Average=[f(4)-f(2)]/(4-2)=(29,172.15-26,460)/2=2,712.15/2=1,356.075 metric tons. The first is false.
2) The average increase in the level of CO2 emissions per year from years 6 to 8 is:
Average=[f(8)-f(6)]/(8-6)=(35,458.93-32,162.29)/2=3,296.64/2=1,648.32 metric tons. The second is false.
3) The average increase in the level of CO2 emissions per year from years 4 to 6 is:
Average=[f(6)-f(4)]/(6-4)=(32,162.29-29,172.15)/2=2,990.14/2=1,495.07 metric tons. The third is false.
4) The average increase in the level of CO2 emissions per year from years 8 to 10 is:
Average=[f(10)-f(8)]/(10-8)=(39,093.47-35,458.93)/2=3,634.54/2=1,817.27 metric tons. The fourth is true.
Answer: Fourth option: The average increase in the level of CO2 emissions per year from years 8 to 10 is 1,817.27 metric tons.
Answer: 6n + 2 = 8
Step-by-step explanation:
2 more means add but due to order of operations, you do multiplication first. a number is represented by n. 6n means 6 x n. Then add 2 to get 8. You can sub in 1 for n and it will be solved.
Answer:
(-2, -3)
Step-by-step explanation:
when its relected its just flipping over the horizontal axis (x-axis) so in turn that is the answer! :) hope this helped you
