Answer:
I'm not sure what to do here
Step-by-step explanation:
Answer:
She had to had like 20 since (-17-3)= -20 right the question asked how much she had before, she had 20 if not 28, since the mother gave her another twenty but as a result, in the beginning, she had around 28 dollars in order to spend 17 on a book and 3 on a cupcake so she still had 8 dollars, and the 20, well the mother handed her 20.
(I hoped I made sense, and that I helped!:)
Answer:
The answer is "1.30".
Step-by-step explanation:
Proportion of population
Ratio sample
Statistics of the test:
The amount she should invest today in the annuity is $455,450.40.
<h3>How much should be invested today?</h3>
The first step is to determine the future value of the monthly annuity.
Future value = monthly payment x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 3.6/12 = 0.3%
- n = number of periods : 15 x 12 = 180
Future value : 3250 x [(1.003^180) - 1] / 0.003 = 774,171.92
The second step is to determine the present value of this future annuity:
774, 171.92 / (1.036^15) = $455,450.40
To learn more about annuities, please check: brainly.com/question/24108530
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