Based on the value of the annuity, the amount it earns, and the compounding period, the money paid to Nathan each month will be B. $5,840.62.
<h3>How much will Nathan be paid monthly?</h3>
The amount Nathan will be paid is an annuity because it is constant.
First find the monthly interest and the compounding period in months:
= 4.8/12 months
= 0.4%
Number of compounding periods:
= 20 x 12
= 240 months
The monthly payment is:
Present value of annuity = Annuity x ( 1 - (1 + rate) ^ -number of periods) / rate
900,000 = A x ( 1 - (1 + 0.4%)⁻²⁴⁰) / 0.375%
900,000 = A x 154.0932
A = 900,000 / 154.0932
= $5,840.62.
Find out more on the present value of an annuity at brainly.com/question/25792915.
#SPJ1
If you plot them you will see that the intersect each other in two different points.
The solution of a system of equations is the set of points of intersection of the graphs of the equations.
The answer is D.
Answer:
Step-by-step explanation:
The equation for this is 3x + 5x + 4x = 600 where x is the same amount of money multiplied by the scalar value to ensure the money is divided in that ratio exactly. That gives us 12x = 600.
x = 50.
The largest value is 5(50) = 250 and
the smallest value is 3(50) = 150.
The difference between these is $100.
Answer:
9/c
Step-by-step explanation:
Here, we want to write an expression
When we talk about quotient, it simply means that we are dividing one number by the other
With respect to the given arrangement;
9 will be the divided term and c will be the dividing term
So, writing the expression as a quotient, we have ;
9/c
