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DENIUS [597]
2 years ago
5

Suppose you invest, every month, in an annuity that pays 3% interest, compounded monthly. After 25 years, you have $550,000. How

much money do you earn from interest? Round your answer to the nearest hundred dollars. Do NOT round until you have calculated the final answer.
Mathematics
1 answer:
erma4kov [3.2K]2 years ago
4 0

Answer:

180100

Step-by-step explanation:

Use savings annuity formula

Substitute A(25) = $550,000 , R= 0.03 and N=12 simplify and solve for D.

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Answer:

390

Step-by-step explanation:

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3 years ago
Is the statement below always,sometimes,or never true? Give at least two examples to support your reasoning. The LCM of two numb
Natali5045456 [20]

Answer:

  • True for Co-Prime Numbers
  • False for Non Co-Prime Numbers

Step-by-step explanation:

<u>STATEMENT:</u> The LCM of two numbers is the product of the two numbers.

This statement is not true except if the two numbers are co-prime numbers.

Two integers a and b are said to be co-prime if the only positive integer  that divides both of them is 1.

<u>Example: </u>

  • Given the numbers 4 and 7, the only integer that divides them is 1, therefore they are co-prime numbers and their LCM is their product 28.
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3 0
3 years ago
Please I need this question ASAP
makkiz [27]
In order to find all of these, you first must convert the percentage to a decimal. This would be 13% to 0.13.

Now, multiply 0.13 by all of these into a calculator.

1800 • 0.13 = 234
950 • 0.13 = 123.50
2200 • 0.13 = 286
3000 • 0.13 = 390
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7 0
3 years ago
The graph below represents which system of inequalities?<br>​
Sav [38]

Answer:

the second one pretty sure

8 0
3 years ago
Read 2 more answers
A diver descends to a location of -50 1 over 4 meters relative to the surface of the water. He then descends another 10 1 over 2
Yanka [14]

Answer:

-60\frac{3}{4} meters.

Step-by-step explanation:

To find diver's final location relative to the surface of water we will subtract  10\frac{1}{2} from -50\frac{1}{4} because diver dives away another 10\frac{1}{2} from his previous location of -50\frac{1}{4}.

-50\frac{1}{4} -10\frac{1}{2}

Now we will convert our mixed fraction into improper fraction and then we will find a common denominator.

\frac{-201}{4} -\frac{21}{2} =\frac{-201-42}{4}

=\frac{-243}{4}

Now let us convert our answer in mixed fraction.

=\frac{-243}{4}=[tex]-60\frac{3}{4}[/tex]

Therefore, diver's final location relative to the surface of the water is -60\frac{3}{4} meters.

3 0
3 years ago
Read 2 more answers
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