The total amount of interest earned each year will be
5.2% × $1,500,000 = $78,000

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We would need to know more about the beneficiaries (their number and the way they might split the proceeds) and how they might use the balance in the account (whether interest only, or interest and principal are withdrawn) before we could answer the question asked.

6 0

3 years ago

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How would I add the fractions? <img src="https://tex.z-dn.net/?f=-2%2F5%20%2B%202%2F3p%20%2B1%2F3p%20%3D%202p%20-%2016%2

LiRa [457]

$\bf -\cfrac{2}{5}+\cfrac{2}{3}p+\cfrac{1}{3}p=2p-\cfrac{16}{5}\implies \stackrel{\textit{LCD of 15}}{-\cfrac{2}{5}+\cfrac{2p}{3}+\cfrac{p}{3}}=\stackrel{\textit{LCD of 5}}{2p-\cfrac{16}{5}}
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\cfrac{(3\cdot -2)+(5\cdot 2p)+(5\cdot p)}{15}=\cfrac{(5\cdot 2p)-16}{5}
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\cfrac{-6+10p+5p}{15}=\cfrac{10p-16}{5}\impliedby \textit{now we cross-multiply}
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-30+50p+25p=150p-240\implies -30+240=150p-75p
\\\\\\
210=75p\implies \cfrac{210}{75}=p\implies \cfrac{14}{5}=p$

8 0

3 years ago

7 + 7 + (-1) = ? A. 16 B. 10 C. 13 D. 7

saul85 [17]

7 + 7 + (-1)
7 + 7 - 1
13

Hope this helps :)

5 0

3 years ago

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