Yes, these are equivalent
The amount she should invest today in the annuity is $455,450.40.
<h3>How much should be invested today?</h3>
The first step is to determine the future value of the monthly annuity.
Future value = monthly payment x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 3.6/12 = 0.3%
- n = number of periods : 15 x 12 = 180
Future value : 3250 x [(1.003^180) - 1] / 0.003 = 774,171.92
The second step is to determine the present value of this future annuity:
774, 171.92 / (1.036^15) = $455,450.40
To learn more about annuities, please check: brainly.com/question/24108530
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Answer:
It is a rectangular pyramid
Step-by-step explanation:
The base is a rectangle. I hope this helps :)
Answer:
469 miles
Step-by-step explanation:
1 in = 125 miles
3.75 in =?
3.75 x 125 = 468.75 miles
468.75 rounds up to 469 miles
Answer:
Jack made 3
Step-by-step explanation:
You know why? The reason is he pastes 2 for each picture and he used all 6 so what is 2*3= 6 So that concludes that he made 3 pictures
