Answer: Philip can earn back his initial investment in 12.4 years
Step-by-step explanation:
Amount Invested by Philips in period annuity = 800,000
Annual Percentage Rate (APR) = 5.2%
APR compounded monthly for a period of 20 years.
Amount to be received per annuity period = 800,000 * (((1+(0.052/12))^240)*(0.052/12))/(((1+0.052/12))^240)-1)
= 5368.43
Time taken ( in months ) by Philip to earn back his initial investment = 800,000/5368.43 = 149.02 months
Time taken ( in years ) by Philip to earn back his initial investment = 149.02/12 = 12.4 years
Hope it helps.
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The growth factor that could be used to model the population will be 1.04. Then the correct option is D.
<h3>What is an exponent?</h3>
Consider the function:
y = a (1 ± r) ˣ
Where x is the number of times this growth/decay occurs, a = initial amount, and r = fraction by which this growth/decay occurs.
If there is a plus sign, then there is exponential growth happening by r fraction or 100r %.
If there is a minus sign, then there is exponential decay happening by r fraction or 100r %.
The population is increasing by 4% per year.
Then the growth factor that could be used to model the population will be
Growth factor = (1 + 4%)
Growth factor = (1 + 0.04)
Growth factor = 1.04
The growth factor that could be used to model the population will be 1.04.
Then the correct option is D.
More about the exponent link is given below.
brainly.com/question/5497425
#SPJ1
Answer:
the simplified answer is 180
Step-by-step explanation:
Answer:67 is correct D
Step-by-step explanation:use parallel, so 71+x=180-42 x=67 67+71=138, 67= to your answer
I don’t see a picture to answer this
