Let the total amount that Sarah deposited be $x
using the annuity formula:
A=P[((1+r)^n-1)/r]
A=future value
r=rate
n=number of years
from the information given:
A=$500000
r=2.75%
n=65-42=23 years
p=$x
thus plugging our values in the formula we get:
500000=x[((1+0.0275)^(23)-1)/(0.0275)]
500000=31.50x
x=15,872.04883
She deposited 15,873.04883 per year
The monthly deposit will therefore be:
15873.04883/12=$1322.67
A theorem states that, given a circle with center C and a point P on the circumference, the tangent line through P and the radius CP are perpendicular.
So, the answer is 90 degrees.
Answer:
y= 5x-3
Step-by-step explanation:
We have an intercept of -3 and a slope of 5
We can use the slope intercept form of the equation
y= mx+b where m is the slope and b is the y intercept
Substituting in the known values.
y= 5x-3
The dependent is the childrens hospital
