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] = $546.64
To learn more about annuities, please check: brainly.com/question/24108530
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Answer:
288
Step-by-step explanation:
12 per hour
24 hours
12×24=288$
Answer:3
Step-by-step explanation: The last 3
The picture in the attached figure
we know that
the total capacity of the storage container=volume of a cone+volume of cylinder
step 1
find the volume of a cone
volume of a cone=(1/3)*pi*r²*h
r=6 m
h=8 m
so
volume=(1/3)*pi*6²*8-----> 301.44 m³
step 2
find the volume of the cylinder
volume of a cylinder=pi*r²*h
r=6 m
h=10 m
s6
volume=pi*6²*10----> 1130.40 m³
total volume=301.44+1130.4-----> 1431.84 m³-------> 1400 m³
the answer is1400 m³
Answer:
a
Step-by-step explanation: