$10740
This is because that amount multiplied times .06 is equal to the answer. <span />
Answer: 11.59 months
Step-by-step explanation:
You need to divide 339.12 by 29.26. Then you should check your answer by multiplying 11.59 by 29.26. Which should get you 339.1234. When you sound that you get 339.12. Hope this helps!!
Answer: x=4
Step-by-step explanation:
2x+14=22
14-14 22-14
2x=8
8/2
x=4
Answer:
Option D. $5,840.62
Step-by-step explanation:
Investment: I=$900,000
Period annuity: A
4.8% APR compounded monthly:
APR=4.8%=4.8/100→APR=0.048
Period of 20 years
A=r*I/[1-(1+r)^(-n)]
Rate per period (month): r=APR/12=0.048/12→r=0.004
Number of periods (months): n=12(20)→n=240
Replacing the known values in the formula:
A=0.004*$900,000/[1-(1+0.004)^(-240)]
A=$3,600/[1-(1.004)^(-240)]
A=$3,600/[1-0.383626788]
A=$3,600/[0.616373212]
A=$5,840.617226
A=$5,840.62
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