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
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Answer:
-5.46
Step-by-step explanation:
-8.24 + 3.7
3.7 can also be written as 3.70
-8.24 + 3.70
3.70
-8.24
____
-5.46
The answer is -5.46
Answer:
it takes him 6 hours to jog
Step-by-step explanation:
Answer:
1/7
Step-by-step explanation:
You have to multiply across the top then the bottom.
Mean: The average or the center of the value. To find this, you add up all the numbers and divide by how many numbers there are.
Example: 3, 4, 5
3+4+5 = 12.
There are 3 numbers.
12/3 = 4. The mean is 4
Median: Median means the middle value. You place the numbers in order and locate the middle value.
Example: 5, 4, 3 -> 3,/ 4,/ 5. Middle number 4.
Mode: Place the numbers in order then count how much each number appears. The number that appears the most repeatedly would be the mode.
Example: 3, 4, 4, 4, 5, 5.
The mode would be 4.
Range: Locate the highest and the lowest values of the given set and subtract the smallest to the largest.
Do you know where to start now?
