The question is incomplete. The complete question is :
You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.
Regular withdrawal $ 2200
Interest rate 2%
Frequency Monthly
Time 20 years
Solution :
Given :
Monthly withdrawal = $ 2200
Interest rate = 2%
Frequency = monthly
Time = 20 years
= 20 x 12 = 240 months
Formula used :
with Z = 1 + r
where, w = monthly withdrawal
P = principal amount
r = monthly interest rate
Y = Number of months
So, w = 2200
r = 2% = 0.02
Z = 1 + r
= 1 + 0.02 = 1.02
Y = 240
Therefore,
= 111,231829
≈ 111,232 (rounding off)
Thus, the account balance = $ 111,232
The question is incomplete. The complete question is :
You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.
Regular withdrawal $ 2200
Interest rate 2%
Frequency Monthly
Time 20 years
Solution :
Given :
Monthly withdrawal = $ 2200
Interest rate = 2%
Frequency = monthly
Time = 20 years
= 20 x 12 = 240 months
Formula used :
with Z = 1 + r
where, w = monthly withdrawal
P = principal amount
r = monthly interest rate
Y = Number of months
So, w = 2200
r = 2% = 0.02
Z = 1 + r
= 1 + 0.02 = 1.02
Y = 240
Therefore,
= 111,231829
≈ 111,232 (rounding off)
Thus, the account balance = $ 111,232
SI=(P*R*T)/100
P=2000
R=1.5
T=6
SI=(2000*1.5*6)/100
=(2000*9)/100
=180
Neil will earn interest of 180
The answer is in the image
For every 8 cars there are 7 trucks
Therefore,
Cars:Truck=8:7
Answer is B)8:7
F=ma
where F=force
m=mass
a=acceleration
Here,
F=4300
a=3.3m/s2
m=F/a
=4300/3.3
=1303.03kg
The answer is in the image
The solution is given in the image below
The wood before starting =12 feet
Left wood=6 feet
Wood used till now=12-6=6 feet
Picture frame built till now= 6/(3/4)
=8 pieces
Therefore, till now 8 pieces have been made.
The wood before starting =12 feet
Left wood=6 feet
Wood used till now=12-6=6 feet
Picture frame built till now= 6/(3/4)
=8 pieces
Therefore, till now 8 pieces have been made.
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