2 please answer this question

Fran purchased an annuity that provides $5,400 quarterly payments for the next 10 years. The annuity was purchased at a cost of

guajiro [1.7K]

Answer:

$5400

Step-by-step explanation:

Gross income is any interest, wage etc(money received) given to someone which they account for before any deductions and tax. Fran will have to include all $5400 of her first quarterly payment into her gross income because there are no deductions yet and tax when you consider what is put in gross income. Fran would have earned this amount as a payment from the purchasing of the annuity as it serves as a payment back for purchasing an annuity which to Fran, is an investment.

4 0

3 years ago

A machine makes 70 springs each hour. How many springs will the machine make in 8 hours?

umka2103 [35]

70×8= 560
560 springs an hour

4 0

3 years ago

Read 2 more answers

Please help! I put a screenshot :) I would like<br> a detailed answer please :) 55 points :)

seropon [69]

Method A: If we count, we see that the answer is 31.

Method B: 19 - -12 = 31. We can even do -12 - 19 and we'll get the same answer: -31, and the absolute value of -31 is 31.

Both methods will give you the same answer.

6 0

3 years ago

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According to a 2018 survey by Bankrate, 20% of adults in the United States save nothing for retirement (CNBC website). Suppose t

nalin [4]

Answer:

0.5981 = 59.81% probability that three or less of the selected adults have saved nothing for retirement

Step-by-step explanation:

For each adult, there are only two possible outcomes. Either they save nothing for retirement, or they save something. The probability of an adult saving nothing for retirement is independent of any other adult. This means that the binomial probability distribution is used to solve this question.

Binomial probability distribution

The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

$P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}$