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
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Answer:
The least common denominator of the fractions is 24
Step-by-step explanation:
we know that
The <u>least common denominator</u> (LCD) is the smallest number that can be a common denominator for a set of fractions
so
we have
7/8
Multiples of 8 -------> 8,16,24,32,...
5/6
Multiples of 6 -------> 6,12,18,24,...
24 is a common multiple of 6 and 8. It is their lowest common multiple
<em>Alternative Method</em>
we have
The least common multiple are those common and non-common numbers with the greatest exponent
so
The answer is to ur question is b
The answer is D, terms are anything separated by and addition or subtraction sign
5. 400 6. 33,000 7. 132 8. 196 9. 561 10. 4,387 11. 81 12. 588 13. 864 14.5,356 this is for all numbers
