Answer:
Amount he must have in his account today is $5,617.92
Step-by-step explanation:
Data provided in the question:
Regular withdraw amount = $900
Average annual interest rate, i = 4% = 0.04
Time, n = 7 years
Now,
Present Value = ![C \times\left[ \frac{1-(1+i)^{-n}}{i} \right] \times(1 + i)](https://tex.z-dn.net/?f=C%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%20%5Cright%5D%20%5Ctimes%281%20%2B%20i%29)
here,
C = Regular withdraw amount
Thus,
Present Value = ![C \times\left[ \frac{1-(1+i)^{-n}}{i} \right] \times(1 + i)](https://tex.z-dn.net/?f=C%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1-%281%2Bi%29%5E%7B-n%7D%7D%7Bi%7D%20%5Cright%5D%20%5Ctimes%281%20%2B%20i%29)
Present Value = ![900 \times\left[ \frac{1-(1+0.04)^{-7}}{ 0.04 } \right] \times(1 + 0.04)](https://tex.z-dn.net/?f=900%20%5Ctimes%5Cleft%5B%20%5Cfrac%7B1-%281%2B0.04%29%5E%7B-7%7D%7D%7B%200.04%20%7D%20%5Cright%5D%20%5Ctimes%281%20%2B%200.04%29)
Present Value =
Present Value =
Present Value = 936 × 6.00205
or
Present Value = $5,617.92
Hence,
Amount he must have in his account today is $5,617.92
Answer:90%
Step-by-step explanation: we know this because the total about of questions on the test is 20 and for the score to add up to 100% each question has to be worth 5% so we can just do 5 x 18 to get 90%. or (5 x 2) - 100 to also get 90%
Answer:
(- 1, - 2 )
Step-by-step explanation:
Given the 2 equations
x - 3y = 5 → (1)
5x - 2y = - 1 → (2)
Rearrange (1) expressing x in terms of y by adding 3y to both sides
x = 5 + 3y → (3)
Substitute x = 5 + 3y in (2)
5(5 + 3y) - 2y = - 1 ← distribute left side
25 + 15y - 2y = - 1
25 + 13y = - 1 ( subtract 25 from both sides )
13y = - 26 ( divide both sides by 13 )
y = - 2
Substitute y = - 2 in (3) for corresponding value of x
x = 5 + (3 × - 2) = 5 - 6 = - 1
Solution is (- 1, - 2 )
The coordinate of point S from the giving coordinate point is (-8,4)
<h3>Midpoint of coordinates</h3>
The formula for calculating the midpoint of coordinate point is expressed as:
M(x,y) = {(x₁+x₂)/2, (y₁+y₂)/2}
Determine the measure of the coordinate S
-2 = 4+x₂/2
2(-2) = 4+x₂
x₂ = -4-4
x₂ = -8
Similarly
0 = -4+y₂/2
0(2) = -4+y₂
y₂ = 4
Hence the coordinate of point S from the giving coordinate point is (-8,4)
Learn more on midpoint here: brainly.com/question/5566419
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