Let the total amount that Sarah deposited be $x
using the annuity formula:
A=P[((1+r)^n-1)/r]
A=future value
r=rate
n=number of years
from the information given:
A=$500000
r=2.75%
n=65-42=23 years
p=$x
thus plugging our values in the formula we get:
500000=x[((1+0.0275)^(23)-1)/(0.0275)]
500000=31.50x
x=15,872.04883
She deposited 15,873.04883 per year
The monthly deposit will therefore be:
15873.04883/12=$1322.67
Answer:
Hi what language is that I don't know that language so I cannot answer your question
3/12 + 10/12 = 13/12 because the points lie in-between the 1/6 and 2/6 marks and the 6/6 and 7/6 marks.
Answer:
Its a i just took the test
Step-by-step explanation:
It will takes Horst 12 minutes to run 15 laps
