The answer Is the option C
Answer:
$1,021,337.13
Step-by-step explanation:
The sum of present values of medical expenses is ...
30,000/1.05 +30,000(1.0513)/1.05^2 +30,000(1.0513^2)/1.05^3 +...
So, the series has an initial value of 30,000/1.05 and a common ratio of 1.0513/1.05. Its sum is given by ...
S = a(r^n -1)/(r -1)
where a = 30,000/1.05, n = 35, r = 1.0513/1.05.
Filling in these values and doing the arithmetic, we get ...
S = $1,021,337.13
You need an initial deposit of $1,021,337.13 to cover rising expenses for 35 years.
Answer:
m = 8
Step-by-step explanation:
5(m+5)=7m+9 (distribute & evaluate parenthesis)
5(m)+5(5)=7m+9
5m + 25 = 7m + 9 (move all m-terms to one side and constants to the other)
5m - 7m = 9 - 25 (evaluate both sides)
-2m = -16 (divide both sides by -2)
m = (-16) / ( -2) = 8
Answer:
the third one
Step-by-step explanation:
Removed. I made a mistake haha and someone made the correct one :)
