8.73e16 in standard form

You have just received an inheritance of $28,000 and would like to invest it into an account. The bank offers two investment pla

grigory [225]

First we need to calculate annual withdrawal of each investment
The formula of the present value of an annuity ordinary is
Pv=pmt [(1-(1+r)^(-n))÷(r)]
Pv present value 28000
PMT annual withdrawal. ?
R interest rate
N time in years
Solve the formula for PMT
PMT=pv÷[(1-(1+r)^(-n))÷(r)]

Now solve for the first investment
PMT=28,000÷((1−(1+0.058)^(−4))
÷(0.058))=8,043.59
The return of this investment is
8,043.59×4years=32,174.36

Solve for the second investment
PMT=28,000÷((1−(1+0.07083)^(
−3))÷(0.07083))=10,685.63
The return of this investment is
10,685.63×3years=32,056.89

So from the return of the first investment and the second investment as you can see the first offer is the yield the highest return with the amount of 32,174.36

Answer d

Hope it helps!

6 0

2 years ago

Chayton read a report that said the probability that a randomly selected American is left-handed is 14\%14%14, percent. He was c

denpristay [2]

Answer:

0.36 or 9/25

9 students of the 25 twenty-student classes were left handed. Answer can be written as a fraction 9/25 or a decimal, 0.36

4 0

2 years ago

1. Darnell reads at a constant rate

JulsSmile [24]

Answer:

Darnell can read 1,715 words in 7 minutes

Step by step Explanation:

1. I need to find out how many words he reads in 1 minute. Divide 735 by 3, my answer is 245

245

______

3)735

6 bring down the 3 to make 13

-_____

1 3

12 bring down the 5 to make 15

-______

1 5

15

___________

0

2. multiply 735 by 2 cause he reads 735 words in 3 minutes and we are tryna find out how many words he reads in 7 minutes. 3×2=6, so 735+735 (735×2) equals 1470

3. Add 245, for that extra minute that we missed. my answer is 1,715 words in 7 minutes

8 0

2 years ago

Cheese sticks that were previously priced at "10 for $1" are now "2 for $1". Find each percent change.

AysviL [449]

Answer:

The percent decrease in the number of cheese sticks you can buy for $1 is 80%.

Step-by-step explanation:

Given : Cheese sticks that were previously priced at "10 for $1" are now "2 for $1".

To find : The percent decrease in the number of cheese sticks you can buy for $1 ?

Solution :

The formula used to find percent decrease is given by,