1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
geniusboy [140]
3 years ago
6

The Choi family wants to save money to travel the world. They purchase an annuity with a monthly payment of $65 that earns 4.5%

interest, compounded monthly. Payments will be made at the end of each month. Find the total value of the annuity in 11 years.
Mathematics
2 answers:
Lesechka [4]3 years ago
8 0

Answer:

You can get an idea of how much guaranteed lifetime income a given amount of savings will buy by going to this annuity payment calculator. Today, for example, $100,000 would get a 65-year-old man about $525 a month in lifetime income, while that amount would generate roughly $490 a month for a 65-year-old woman.

marta [7]3 years ago
7 0

Answer: $8966.10

Step-by-step explanation:

The monthly payment with interest is 67.925. Multiply that by 12 for the 12 months in a year. You should get 815.10 as your yearly payment. And finally multiply 815.10 by 11 for the 11 years. You should get 8966.10 as your final answer. I hope this helps!

You might be interested in
Given:
pychu [463]
We can use the SSS congruence theorem to prove that the two triangles in the attached figure are congruent. The SSS or side-side-side theorem states that each side in the first triangle must have the same measurement or must be congruent on each of the opposite side of another triangle. In this problem, for the first triangle, we have sides AC, CM, AM while in the second triangle we have sides BC, CM, and BM. By SSS congruent theorem, we have the congruent side as below:
AC = BC
CM = CM
AM = BM 

The answer is SSS theorem.
4 0
2 years ago
Read 2 more answers
I really need help with this?
Natasha2012 [34]

Answer:

88

Step-by-step explanation:

if im wrong please tell me although i did do the problem

8 0
3 years ago
What does n/5 - 3n/10 =1/5
dsp73
I assume you're looking for n.
so, take 2n/10-3n/10=2/10. Making everything have the same denominator is always easier.

This way, you have -n/10=2/10.

n=-2.
8 0
3 years ago
Kevin randomly selects 1 card from a standard deck of 52 cards. What is the probability that the card Kevin selects is a king or
ki77a [65]
<span>A, 13/52 of the cards are hearts, + three more kings (king of hearts has already gone) = 16/52. divide 16 and 52 by 4 = 4/13.</span>
4 0
3 years ago
Read 2 more answers
A soccer team drank 7 gallons of water during the first 3 games this season. At this rate, about how many gallons of water will
andrezito [222]
The answer would be 77.
8 0
3 years ago
Read 2 more answers
Other questions:
  • What is the sum of a 7-term geometric series if the first term is −11, the last term is −171,875, and the common ratio is −5?
    14·2 answers
  • What are the lower quartile, upper quartile, and median for this box and
    5·2 answers
  • You can refer to the top right for the correct answers for the both questions respectively, i have tried to no avail.
    10·1 answer
  • Write the equation of a line in slope-intercept form that is perpendicular to the line y = 3/5 = 1 and passes through the point
    9·1 answer
  • Ben orders a cost of us tovorite macaroni and cheese. The case contains 18 same-
    15·2 answers
  • For the equations given below, which statement is true?
    7·1 answer
  • X + 2 = 5<br> And help me plssssssssssssss
    7·2 answers
  • Pattern x and y are generated using the rules. Pattern x: start with 0 and add 6. Pattern y: start with 1 and multiply 2. Patter
    13·1 answer
  • Someone please explain I am so confused
    8·1 answer
  • Help with all pls I really need help
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!