Answer: Philip can earn back his initial investment in 12.4 years
Step-by-step explanation:
Amount Invested by Philips in period annuity = 800,000
Annual Percentage Rate (APR) = 5.2%
APR compounded monthly for a period of 20 years.
Amount to be received per annuity period = 800,000 * (((1+(0.052/12))^240)*(0.052/12))/(((1+0.052/12))^240)-1)
= 5368.43
Time taken ( in months ) by Philip to earn back his initial investment = 800,000/5368.43 = 149.02 months
Time taken ( in years ) by Philip to earn back his initial investment = 149.02/12 = 12.4 years
Hope it helps.
Thank you :)
Answer:
Area = 81; Side Length = 3
Step-by-step explanation:
The area of a square is the side lenght squared, and 9² is 81.
The side lengh can be found by taking the square root of the area. √9 = 3
Answer:
I'm not 100% sure but I believe the answer is A
Step-by-step explanation:
Plug x in :
-8(7-3) = -32
Distribute :
-56 - (-24) = -32
Subtract :
-32 = -32
