1 is not. 2 is. 3 is not. 4 is. 5 is. 6 is. 7 is not. 8 is.
Answer:
the amount that should be worth in 25 years is $2,155,770
Step-by-step explanation:
The computation of the amount that should be worth in 25 years is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= $250,000 × (1 + 0.09)^25
= $250,000 × 1.09^25
= $2,155,770
Hence, the amount that should be worth in 25 years is $2,155,770
Area of trapezoid : (Base 1 + base 2) x h x 1/2
Let's solve!
( 2+6) x 5 X1/2
= 40x1/2
=20
20 in squared is the area!
Based on the value of the annuity, the amount it earns, and the compounding period, the money paid to Nathan each month will be B. $5,840.62.
<h3>How much will Nathan be paid monthly?</h3>
The amount Nathan will be paid is an annuity because it is constant.
First find the monthly interest and the compounding period in months:
= 4.8/12 months
= 0.4%
Number of compounding periods:
= 20 x 12
= 240 months
The monthly payment is:
Present value of annuity = Annuity x ( 1 - (1 + rate) ^ -number of periods) / rate
900,000 = A x ( 1 - (1 + 0.4%)⁻²⁴⁰) / 0.375%
900,000 = A x 154.0932
A = 900,000 / 154.0932
= $5,840.62.
Find out more on the present value of an annuity at brainly.com/question/25792915.
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It’s b. Find the inverse of this function
