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kompoz [17]
3 years ago
9

1. What is the relationship between the 5s in 550,304?

Mathematics
2 answers:
Y_Kistochka [10]3 years ago
6 0

<em>The</em><em> </em><em>f</em><em>i</em><em>r</em><em>s</em><em> </em><em>5</em><em> </em><em>is</em><em> </em><em>the</em><em> </em><em>husband</em><em> </em><em>thousand</em><em> </em><em>place</em><em> </em><em>so</em><em> </em><em>the</em><em> </em><em>value</em>

spin [16.1K]3 years ago
5 0
The first 5 has 10x more value than the 2nd 5
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4 years ago
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Peter decides to invest $1,200,000 in a period annuity that earns 4.6% APR compounded monthly for a period of 20 years. How much
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Given is the Present Value of annuity, PV = 1,200,000 dollars.

Given that 4.6% APR compounded monthly i.e. r = 4.6%/12 = 0.003833

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It says to find monthly income from the annuity.

We know the formula for Periodic Payment (when PV is known) is given as follows :-

Periodic \;payment = \frac{PV}{\frac{1-\frac{1}{(1+r)^{N}}}{r}}    \\\\Periodic \;payment = \frac{1,200,000}{\frac{1-\frac{1}{(1+0.003833)^{240}}}{0.003833}}    \\\\Periodic \;payment = \frac{1,200,000}{\frac{1-\frac{1}{(1.003833)^{240}}}{0.003833}}    \\\\Periodic \;payment = \frac{1,200,000}{\frac{1-\frac{1}{2.504681211}}{0.003833}}    \\\\Periodic \;payment = \frac{1,200,000}{\frac{1-0.399252406}{0.003833}}    \\\\Periodic \;payment = \frac{1,200,000}{\frac{0.600747594}{0.003833}}

Periodic \;payment = \frac{1,200,000}{156.7303924}    \\\\Periodic \;payment = 7656.460128    \\\\Periodic \;payment = 7656.46 \;dollars \;per \;month

Hence, Monthly Income would be 7,656.46 dollars.

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3 years ago
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