The formula for finding present value of an ordinary annuity is:
, where P - money to be deposited, i - interest rate, n - number of payments.
So in this case, P = 35000, i = 6 / 100 = 0.06, n = 20.
Now, we have everything needed to determine how much money must be deposited:
So the answer is
$401,447.24.
Answer:
The second statement is true
Step-by-step explanation:
HOpE this helps
The interval notation that defines this set is: (-∞, -5]
And the graph can be seen below.
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How to graph the inequality?</h3>
Here we want to graph the inequality:
x ≤ -5
This refers to all the values of x equal or smaller than -5.
To graph this, we need to graph a closed circle at -5, and we need to draw an arrow that points to the left (values smaller than -5). The graph is the one that you can see below.
The interval notation that defines this set is: (-∞, -5]
The first end is open, and the second is closed (because of the symbol ≤).
If you want to learn more about inequalities:
brainly.com/question/18881247
#SPJ1
Answer:
4 3/5
Step-by-step explanation:
Convert each term into an improper fraction, 8/5 x 15/8. Then find common denominator, 40. Then your equasion would be 64/40 x 75/40. Multiply your terms, then simplify the answer.