Answer:
Annuity= 242.4
Step-by-step explanation:
This is a compound interest problem.
The total amount at the end of 25 years will be
A = p(1+r/n)^(nt)
A = 150(1+(0.04/(25*12)))^ ((25*12)(25))
A= 150(1 + 0.04/300)^ (300*12)
A = 150(1+ 0.0001333)^ 3600
A = 150(1.0001333)^ 3600
A = 1500(1.615828808)
A= 242.374
A= 242.4 to the nearest cent
Answer:
3x+7=10x
Step-by-step explanation:
you are just adding 7+3 then you add the vairable term
Lets solve the problem through compound interest formula,
The number of months are 360
The account pay interest rate is 5.1 %compounded monthly.
The amount withdraws each month is $2154
The value of n is 360.
The value of is<em> i</em> is 5.1%
So,
![P = A [(1+i)^n]-1/i(1+i)^n\\\\P = $2,154 [(1+(0.051/12))^30*12] - 1 / (0.051/12)(1+(0.051/12))^30*12\\\\P = $396,721.78](https://tex.z-dn.net/?f=P%20%3D%20A%20%5B%281%2Bi%29%5En%5D-1%2Fi%281%2Bi%29%5En%5C%5C%5C%5CP%20%3D%20%242%2C154%20%5B%281%2B%280.051%2F12%29%29%5E30%2A12%5D%20-%201%20%2F%20%280.051%2F12%29%281%2B%280.051%2F12%29%29%5E30%2A12%5C%5C%5C%5CP%20%3D%20%24396%2C721.78)
Hence the value of principal is $396721.78
Learn more about Compound interest on:
brainly.com/question/18456266
#SPJ4
Answer:
Answer's are 29.63in, 23.92in, 28.78in, and 35.12in
Step-by-step explanation:
i am very sorry but u need to do your own work to so i will give u the anwer Simplifying
2c + 3 = 3c + -4
Reorder the terms:
3 + 2c = 3c + -4
Reorder the terms:
3 + 2c = -4 + 3c
Solving
3 + 2c = -4 + 3c
Solving for variable 'c'.
Move all terms containing c to the left, all other terms to the right.
Add '-3c' to each side of the equation.
3 + 2c + -3c = -4 + 3c + -3c
Combine like terms: 2c + -3c = -1c
3 + -1c = -4 + 3c + -3c
Combine like terms: 3c + -3c = 0
3 + -1c = -4 + 0
3 + -1c = -4
Add '-3' to each side of the equation.
3 + -3 + -1c = -4 + -3
Combine like terms: 3 + -3 = 0
0 + -1c = -4 + -3
-1c = -4 + -3
Combine like terms: -4 + -3 = -7
-1c = -7
Divide each side by '-1'.
c = 7
Simplifying
c = 7