Soojeong estimates that it is going to take $180,000 to send her new born baby to college. She would like to start an annuity so that she can have $180,000 after 18 years. If the account earns 5.5% interest compounded monthly, how much must she put in each month?

Answers

Answer 1

Answer:

Monthly deposit= $489.59

Step-by-step explanation:

Giving the following information:

Future Value (FV)= $180,000

Number of periods (n)= 18*12= 216

Interest rate (i)= 0.055 / 12= 0.004583

To calculate the monthly deposit, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (180,000*0.004583) / {[(1.004583)^216] - 1}

A= $489.59


Related Questions

Jasmine has $50 and saves $4.38 every month. Radha has $0 and saves $5.38 every month. Jasmine's savings after x months can be represented by the function f (x) = 4.38 x + 50. Radha's savings after x months can be represented by the function g (x) = 5.38 x. Round your answer to the nearest hundredth.

After how many months will they both have the same amount in savings? Find the values of x for which f (x) = g (x).

After ____ months, Jasmine and Radha will have the same amount in savings.​

Answers

After 50 months, jasmine and Radha will have the same amount in savings

I need help pls and no files ok pls no files

Answers

Answer:

$2,725

Step-by-step explanation:

The maximum number of days is 7.

The cost per days is $375.

The cost for 7 days is 7 * $375 = $2,625.

The owner applies a $100 fee for cleaning which must be added to the cost of the days.

$2,625 + $100 = $2,725

The greatest value for the range is the greatest cost there can be which is $2,725.

PLEASE ASAP Suppose a normal distribution has a mean of 26 and a standard deviation of
4. What is the probability that a data value is between 28 and 31? Round your
answer to the nearest tenth of a percent.
A. 21.3%
B. 19.3%
C. 20.3%
D. 22.3%

Answers

Answer:

20.3%

Step-by-step explanation:

Hope that helps :)

Solve: 6x - 13 = 4(x + 10) + 2x

Answers

Answer:

null

Step-by-step explanation:

Answer: 0=53

Step-by-step explanation:

4x^2+2x-1=0 in quaratic equations

Answers

Answer:

Step-by-step explanation:

"quaratic" should be "quadratic."

The coefficients of this quadratic are 4, 2 and -1.  Thus, the discriminant is

b^2 - 4ac, or here, 4 - 4(4)(-1) = 20

Since the discriminant is positive, our quadratic has two real, different roots.

                                -2 ± (√4)(√5)

The roots are:  x = ---------------------

                                       2(4)

                                    -1 ± √5

This reduces to   x = ---------------

                                           8

3 of the 100 digital video recorders​ (DVRs) in an inventory are known to be defective. What is the probability you randomly select an item that is not​ defective?

Answers

Answer:

97/100

Step-by-step explanation:

Probability calculates the likelihood of an event occurring. The likelihood of the event occurring lies between 0 and 1. It is zero if the event does not occur and 1 if the event occurs.

For example, the probability that it would rain on Friday is between o and 1. If it rains, a value of one ids attached to the event. If it doesn't a value of zero is attached to the event.

Probability that the DVRs is not faulty = total number of faulty videos / total number of videos

total number of faulty videos = 100 - 3 = 97

total number of videos = 100

97/100

Jake writes this word expression.

the product of 9 and m

Enter an algebraic expression for the word expression.

The expression is m.

Then, evaluate the expression for m = 6.

Answers

9 * m
9 * 6 = 54
* (multiplication sign)

What is the product of 2b(b+11)? Show your work.

Answers

Answer:

 25

Step-by-step explanation:

Answer:

2b^2 + 22

Step-by-step explanation:

2b(b + 11)

2b ×b + 2 × 11

2b^2 + 22

If vector v = ( 9 ) find -v and 3v
-6

Answers

-V=-9
3V-6=3x9-6=27-6=21

Osing Trig to Find a Side Apr 06, 5:40:44 PM In AOPQ, the measure of ZQ=90°, the measure of Z0=26°, and QO = 4.9 feet. Find the length of PQ to the nearest tenth of a foot. P (hypotenuse) X (opp. of 20) 2009 Q 4.9​

Answers

Answer:5.4

Step-by-step explanation:

MULTIPLICACIÓN Y DIVISIÓN DE NÚMEROS ENTEROS
11. -2115 ÷ -9 =
12. 7854 ÷ -34
13. 3425 × -4 =
14. -7 × 5 × -3 =
15. 12 × -7 × 9 =

Answers

11. -235
12. -231
13. -13700
14. 105
15. -756

PLEASE HELP!!! I WILL MARK!

Answers

Answer:

D. the average difference in height between each player and the mean height

Please help im not good at theses

Answers

Answer:

[tex]y=\frac{1}{4} x-3[/tex]

Step-by-step explanation:

y=mx+b -- m = slope, b = y-int

Elena prepared 8 kilograms of dough after working 2 hours. How much dough did Elena prepare if she worked for 9 hours? Assume the relationship is directly proportional.

Answers

the answer should be 7

Answer:

36 kilograms

Step-by-step explanation:

Since she made 8 kilograms of dough over the span of 2 hours, you divide 8 by 2 and get 4 then you have to multiply 9 hours by 4 kilograms of dough to get 36 kilograms of dough.

Daniel is baking cookies but does not have all of the he needs. The ratio of flour:sugar in his recipe is 3:2cups. If he only has 1.5cups of sugar, how much flour should he use to keep the ratio the same?

Answers

Answer:

Step-by-step explanation:

3:2 = 2.5:1.5

half of 2 is 1 so if you had 1.5 it would only be half. For a better explanation, 1 minute is 60 seconds half of a minute is 30 seconds. if you have 45 seconds it would be 3/4 of a second. this is hard for me to explain so if you need more examples just tell me in the comments.

i hope this helps

have a nice day/night

mark brainliest please:)

A trainee in a computer company takes 0.9 times as long to assemble each computer as
he took to assemble the preceding computer. If it took him 30 minutes to assemble the
first computer, find the total time he takes to assemble the first five computers (round to
the nearest minute)
221,430 minutes
123 minutes
122 minutes
103 minutes

Answers

The total time he takes to assemble is 123 minutes.

What is Unitary method?

The unitary method is a technique for solving a problem by first finding the value of a single unit, and then finding the necessary value by multiplying the single unit value.

for second, 30*0.9=27

for third, 27*0.9 = 24.3

Similarly for the fifth computer,

=21.87*0.9

=19.68 minutes

Total time taken,

=30+ 27 +24.3+21.87+19.68

=122.553

=123 minutes.

Learn more about unitary method here:

https://brainly.com/question/22056199

#SPJ2

Evaluate : ab−5c+b
for a = 12, b = 3 and c = - 4

Answers

Answer:

59

Step-by-step explanation:

[tex](12*3)-5*(-4)+3=59[/tex]

please help!! i will give brainliest.

Answers

Answer:

3/10 inches apart

Step-by-step explanation:

total miles based on 2" equals 33 miles can be found by solving this proportion:

2/33 = 6/x

2x = 198

x = 99

99 miles divided by 11 rest stops means each stop is 9 miles apart

now use new ratio of 1" equals 30 miles

1/30 = x/9

30x = 9

x = 9/30 or 3/10 inches

A heptagon has angles x, 105 degrees, 105 degrees, 160 degrees, 124 degrees, 97 degrees, 137 degrees. Find the missing angle measure in the heptagon. The sum of the interior angles of a heptagon is °. The measure of the missing angle is °.

Answers

Heptagon has all angle 900
So
X+105+105+160+124+97+137=900
X=900-728=172

Answer:

900 and 172 for edg 2020-2021

Step-by-step explanation:

PLEASE ACCTUALY HELP :<

Point A has the coordinates (-2,-4). Point A is reflected across the x-axis to create point 'A'. What are the coordinates of point "A"? Enter your answer in the space below.​

Answers

Answer:

(-2, 4)

Step-by-step explanation:

Hopes this helps!

How many slices of pizza can I eat for it to be one serving is one serving is 1/4 of the pizza and the pizza itself equal 4 servings

Answers

You can get 16 slices.

hey guys could yall solve this problem for me? thanks

Answers

Answer:

Given ABCD ~ EFGH

FG = BC(EF/AB)

FG = 7(9/6)

FG = 63/6

FG = 10.5

GH = CD(EF/AB)

GH = 11(9/6)

GH = 99/6

GH = 16.5

EH = AD(EF/AB)

EH = 12(9/6)

EH = 108/6

EH = 18

Area = 79.2 ft2
9 ft
4.2 ft
h

Answers

Don’t click that link it’s a scam being sent around brainly, stay safe and don’t click random links.

are all vertical lines parallel?

Answers

Answer: Yes

Step-by-step explanation: All vertical lines have the same slope and because of that they are always parallel.

what's 13.564^4x3.59^-39?

Answers

Answer:

0

Step-by-step explanation:

hope this helps :)

given the rectangular coordinates (-8,15), which of the following polar coordinate pairs represents the same point in radians?

a(17,2.65)
b(-17,-1.08)
c(12.7,2.65)
d(-12.7,-0.49)

Answers

Answer:

1. (x,y)=

2. (3, 480°), (3,-240°), (-3, -60°)

3. (-17, -1.08)

4. on the second circle from the center and 153° clockwise from the horizontal axis

Step-by-step explanation:

took quiz...100%

Which figure can be formed from the net?

Answers

Answer:

#1 is the answere

Step-by-step explanation:

Check the sides

(450) + (28.75x) = 967.50
solve for x

Answers

Answer:

x=18

Step-by-step explanation:

Answer:

x= 18

Step-by-step explanation:

To solve this equation you have to work backwards

Start by dealing with the numbers that we know:

450 + (28.75 × x) = 967.5

-450                          -450

28.75x = 967.5

(when a number and a letter in mathematics are next to each other they are multiplying)

Now divide to find the value of x:

967.5 ÷ 28.75 = 18

18 is the value of x

Pls helpppp and thank you

Answers

If the question is y = blank(x) + blank (I can’t see the left of the equation
Then the answer is y = 2x + -4

please help with this?!?

Answers

Answer:

196.1

Step-by-step explanation:

Area of a circle is [tex]\pi r^{2}[/tex] so in order to find the radius you divide the diameter by 2 to get 7.9

Then you do [tex]7.9^{2}[/tex] x [tex]\pi[/tex] to get around 196.1

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