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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<span>(a) Create a chart of values and write an equation to find the total cost, C in terms of the number of days d.
C = 10d + 20
</span><span>(b) Use the equation you created in Part (a) to find the cost of renting a bike for 5 days.
</span>
C = 10d + 20
<span>C = 10(5) + 20= 50 + 20 = 70
$70 for 5 days
</span>
$16 was only for the layer.
$52-$16= cost of the cupcakes in total.
$36=cost of all cupcakes
36/24= cost of one cupcake
1.5= cost of one cupcake
each cupcake costs $1.50
Answer:
<em>( x = 17° )</em>
Step-by-step explanation:
Consider the following steps;
<em>Solution ; ( x = 17° )</em>
Answer:
(A) 180
Step-by-step explanation:
We have to treat those player selections as independent events, since one doesn't influence the other (the fact you chose Joe as a guard, shouldn't have an influence on who'll pick as center, unless there's bad blood between some players... but that's a whole other story).
So, how many ways to pick 2 guards from a selection of 4? The order doesn't seem to matter here, since they don't specify for example that Joe can only play on the left side). So, it's a pure combination calculation:
C(4,2) = 6.
How many ways to pick the 2 forwards from a group of 5? Using the same calculation, we get:
C(5,2) = 10.
And of course, the coach has 3 ways to pick a center player from 3.
Then we multiply the possible ways to pick guards, forwards and center...
6 * 10 * 3 = 180 ways.
