We are not given tables, so will just use the amortization formula.
where
P=amount to be deposited today, to be found
A=amount withdrawn each year=18000
i=Annual interest=9%
n=number of years = 20
Substituting values,
=164313.82 to the nearest cent
Answer:
216 in2
Step-by-step explanation:
the area of the rectangle is
20(12)=240
area of the triangle is
4(6)= 24
so now we subtract, 240-24= 216 in2
1.<span> an environment or material in which something develops; a surrounding medium or structure.</span>
2. <span>a mold in which something, such as printing type or a phonograph record, is cast or shaped.</span>
Answer:
$110
Step-by-step explanation:
If you invested $10,000 in a mutual fund and the fund earned a 7% return for the year, you’d gain about $700, and your investment would be worth $10,700. If you got an average 7% return the following year, your investment would then be worth about $11,500.
Over the years, your investment can really grow: If you kept that money in a retirement account over 30 years and earned that average 7% return, for example, your $10,000 would grow to more than $76,000.
In reality, investment returns will vary year to year and even day to day. In the short term, riskier investments such as stocks or stock mutual funds may actually lose value. But over a long time horizon, history shows that a diversified growth portfolio can return an average of 6% to 7% annually. Investment returns are typically shown at an annual rate of return.
<span>3 is 1.0 below the mean. That is 1.0 / 0.9, or 1.1111... standard deviations below the mean.
So look up z < -1.11 on your graphing calculator.
It should be around 0.1335 or 13.35%</span>