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3 years ago

6

3 part question

1 answer:

eimsori [14]3 years ago

5 0

Answer:

^62 with a numertor of 66 you divide by .21

Step-by-step explanation:

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April invested in a lifetime annuity that begins payments at age 65. Her life expectancy is 89. April invested a $1,000,000 into

Mila [183]

Answer:

Monthly payment is $5970

Step-by-step explanation:

Given : April invested in a lifetime annuity that begins payments at age 65. Her life expectancy is 89. April invested a $1,000,000 into the annuity, which earns 4.4% APR compounded monthly.

To find : what is April's monthly payment amount?

Solution :

Formula of monthly payment

Monthly payment, $M=\frac{\text{Amount}}{\text{Discount factor}}$

Discount factor $D=\frac{1-(1+i)^{-n}}{i}$

Where, Amount = $1,000,000

Rate r= 4.4%=0.044 compounded monthly

$i=\frac{0.044}{12}=0.004$

Time = 89-65=23 years

$n=23\times12=276$

Now, put all the values we get,

$D=\frac{1-(1+i)^{-n}}{i}$

$D=\frac{1-(1+0.004)^{-276}}{0.004}$

$D=\frac{1-(1.004)^{-276}}{0.004}$

$D=\frac{1-0.33}{0.004}$

$D=\frac{0.67}{0.004}$

$D=167.5$

Monthly payment, $M=\frac{\text{Amount}}{\text{Discount factor}}$

$M=\frac{1000000}{167.5}$

$M=5970.1$

Approximately,monthly payment is $5970

4 0

4 years ago

Read 2 more answers

Thomas has a garden with a length of 2.45 meters and a width of 5/8 meters. Use benchmarks to estimate the area and perimeter of

Damm [24]

Guessing it is a rectangle the perimeter is 2*0.625+2.45*2= 6.15

and the area is 0.625*2.45= <span>1.53125..... i think</span>

8 0

4 years ago

Find the value of x. Round your answer to the nearest tenth.

Black_prince [1.1K]

Answer:

63

Step-by-step explanation:

4 0

3 years ago

Read 2 more answers

URGENT 23-28 with work

dybincka [34]

-5 This is the answer with the work
23
-28
-----
-5

7 0

3 years ago

Tems11 [23]

QUESTION A

The given multiplication problem is

$\frac{39}{64} \times \frac{8}{13}$

Factor each term to obtain;

$\frac{13\times 3}{8\times8} \times \frac{8}{13}$

Cancel out the common factors to obtain;

$\frac{1\times 3}{8\times1} \times \frac{1}{1}$

Simplify to get;

$\frac{3}{8}$

QUESTION B

The given multiplication problem is

$\frac{2}{3}\times \frac{1}{5}\times \frac{4}{7}$

This the same as

$\frac{2\times 1\times 4}{3\times 5\times 7}$

This simplifies to;

$\frac{8}{105}$

QUESTION C

The given problem is

$\frac{3}{5}\times \frac{10}{12} \times \frac{1}{2}$

This is the same as

$\frac{3}{5}\times \frac{5}{6} \times \frac{1}{2}$

$=\frac{1}{1}\times \frac{1}{2} \times \frac{1}{2}$

This simplifies to

$=\frac{1}{4}$

QUESTION D.

The given expression is

$\frac{4}{9}\times 54$

Factor the 54 to obtain;

$\frac{4}{9}\times 9\times 6$

Cancel the common factors to get;

$\frac{4}{1}\times 1\times 6$

This simplifies to;

$=24$

QUESTION E

The given problem is

$20\times 3\frac{1}{5}$

Convert the mixed numbers to improper fraction to obtain;

$=20\times \frac{16}{5}$

$=4\times5 \times \frac{16}{5}$

Cancel the common factors to get;

$=4\times1 \times \frac{16}{1}$

$=64$

QUESTION F

The multiplication problem is

$11 \times 2 \frac{7}{11}$

Convert the mixed numbers to improper fractions to obtain;

$11 \times \frac{29}{11}$

Cancel out the common factors to get;

$=1 \times \frac{29}{1}$

Simplify;

$=29$

QUESTION G

The given problem is

$5\frac{1}{3}\times 5\frac{1}{8}$

Convert to improper fractions;

$=\frac{16}{3}\times \frac{41}{8}$

Cancel out the common factors to get;

$=\frac{2}{3}\times \frac{41}{1}$

$=\frac{82}{3}$

Convert back to mixed numbers

$=27\frac{1}{3}$

QUESTION H

The given expression is

$10\frac{2}{3} \times 1\frac{3}{8}$

Convert to improper fraction to get;

$\frac{32}{3} \times \frac{11}{8}$

Cancel common factors to get;

$=\frac{4}{3} \times \frac{11}{1}$

Simplify

$=\frac{44}{3}$

Convert back to mixed numbers;

$=14\frac{2}{3}$

7 0

3 years ago