Answer:
Option D. $5,840.62
Step-by-step explanation:
Investment: I=$900,000
Period annuity: A
4.8% APR compounded monthly:
APR=4.8%=4.8/100→APR=0.048
Period of 20 years
A=r*I/[1-(1+r)^(-n)]
Rate per period (month): r=APR/12=0.048/12→r=0.004
Number of periods (months): n=12(20)→n=240
Replacing the known values in the formula:
A=0.004*$900,000/[1-(1+0.004)^(-240)]
A=$3,600/[1-(1.004)^(-240)]
A=$3,600/[1-0.383626788]
A=$3,600/[0.616373212]
A=$5,840.617226
A=$5,840.62
Answer:
Amount spent by Tony = $49
Amount spent by Molly = 2 * 14
[49] + [2*49 + 14 ] = $161 = amonut spent by both
It should be like this: 7/2h-3(5h-1/2)
7/2h-15h+3/2
---------------
| -23/2+3/2|
---------------
so I think A and B are correct.
Answer:
What diagram?
Step-by-step explanation:
9514 1404 393
Answer:
8 3/4 hours
Step-by-step explanation:
Time is inversely proportional to speed for the same distance. The time for 1.2 times the speed will be 1/1.2 times the given time:
(10.5 h)/1.2 = 8.75 h
It will take 8.75 hours at the increased speed.