The amount to be invested today so as to have $12,500 in 12 years is $6,480.37.
The amount that would be in my account in 13 years is $44,707.37.
The amount I need to deposit now is $546.64.
<h3>How much should be invested today?</h3>
The amount to be invested today = future value / (1 + r)^nm
Where:
- r = interest rate = 5.5 / 365 = 0.015%
- m = number of compounding = 365
- n = number of years = 12
12500 / (1.00015)^(12 x 365) = $6,480.37
<h3>What is the future value of the account at the end of 13 years?</h3>
Future value = monthly deposits x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 5.3 / 12 = 0.44%
- n = 13 x 12 = 156
200 x [{(1.0044^156) - 1} / 0.0044] = $44,707.37
<h3>What should be the monthly deposit?</h3>
Monthly deposit = future value / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = 6.7 / 12 = 0.56%
- n = 2 x 12 = 24
$14,000 / [{(1.0056^24) - 1} / 0.0056] = $546.64
To learn more about annuities, please check: brainly.com/question/24108530
#SPJ1
Answer:
Option A
Step-by-step explanation:
To check which function satisfies the graph, substitute the points. Points: 
is on the graph. Substitute it on the functions given in the options.
Option A: 
Other options do not fit this 
. Hence Option A is our answer.
Graphs of proportional relationships pass through the origin because that's were the graph starts
The graph should look most like graph D.
This is that equation graphed out:
Answer:
You MUST use parentheses around denominator 8+x, or ANY denominator that consist of more than a single number of variable.
Also, don't use lower case and upper case interchangeably.
In algebra, x and X are different, as are y and Y.
f(x) = y = 3x/(8+x)
Switch x and y, solve for y:
x = 3y/(8+y)
x(8+y) = 3y
8x+xy = 3y
8x = 3y−xy
8x = y(3−x)
y = f⁻¹(x) = 8x/(3−x)
I hope this helps, love
Step-by-step explanation:
