Based on the value of the annuity, the amount it earns, and the compounding period, the money paid to Nathan each month will be B. $5,840.62.
<h3>How much will Nathan be paid monthly?</h3>
The amount Nathan will be paid is an annuity because it is constant.
First find the monthly interest and the compounding period in months:
= 4.8/12 months
= 0.4%
Number of compounding periods:
= 20 x 12
= 240 months
The monthly payment is:
Present value of annuity = Annuity x ( 1 - (1 + rate) ^ -number of periods) / rate
900,000 = A x ( 1 - (1 + 0.4%)⁻²⁴⁰) / 0.375%
900,000 = A x 154.0932
A = 900,000 / 154.0932
= $5,840.62.
Find out more on the present value of an annuity at brainly.com/question/25792915.
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P = kq/r
5 = k*1/2
k = 2*5 = 10
p = 5*10/50 = 1
P is 1.
Hope it helps!
The area of a triangle in determined by the formula:
where b is the base of the triangle and h is it's height
You just have to replace the b and h with their values in the formula (b=9.9ft and h=5.5ft)
The answer is 27.225 ft^2
Answer:
8
Step-by-step explanation:
first multiple 12 by 12 then divide by 18 then you'll get 2 times 4 and that's how you get 8.
