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

HELP ASAPPPPPPPPPPPPPP

Answers

3.14 x 11 = 34.54

Pi = 3.14 so times by 11 = 34.54

Can someone help me with this. Will Mark brainliest.

Answers

Answer:

√53

Step-by-step explanation:

Use the distance formula to find the distance between the two coordinates

7.) Jessica took her parents out to dinner. The total
bill was $48.55. She left an 18% tip. What was
Jessica's total cost for dinner?

Answers

57.29 you do 48.55 times .18 which =8.74 then add the tip with the initial cost 8.74+48.55 =57.29 to get your answer 57.29

Answer:

$57.289

Step-by-step explanation:

18% of 48.55

48.55 × 18 ÷ 100

= 8.739

48.55 + 8.739

=$57.289

anyone know the answer?

Answers

I legit can’t see it

2.- Al frente de cada uno de los siguientes números, realiza su escritura. Lo debe hacer en
su cuaderno y en orden.
a) 274.345
e) 324.456
i) 89.731.000
b) 3.472.416
f) 12.945.856
j) 99.125.001
C) 2.323.579
g) 24.674.208
k) 100.286.777
d) 8.456.759
h) 56.405.480​

Answers

I dont know BUT DONT BE MAD have a puppy

Find the length of the missing side of the triangle to the nearest tenth.​

Answers

Answer:

a = 18.8

Step-by-step explanation:

With it being a right angle, you can use the pythagorean theorem equation.

[tex]a^{2} + b^{2} =c^{2} \\a^{2} + 18^{2} =26^{2} \\a^{2} +324 = 676\\a^{2} = 676 - 324 \\a^{2} = 352\\a = \sqrt{352} \\a = 18.76 = 18.8[/tex]

Can y’all help me?

The teacher wants me to do work but ion understand this bc Ian done school for 3 months so I’m a bit behind...

Answers

Answer:

402.1 in^2

Step-by-step explanation:

Find the area of the circle with the 18 in. radius first.

Formula for a circle is πr^2

So the area of the circle with the 8 in. radius is 1017.9 in^2

Now do the same for the 14 in. radius circle.

The area for the 14 in. radius circle is 615.8

Now subtract:

1017.9 - 615.8 =

402.1 in^2

hope this helped!

B. use the figur on the right side to classify the pair of Angeles.



________1.<5 and <1
________2.<6 and <3
________3.<7 and <2 ​

Answers

DON'T OPEN IT, IT WILL GIVE YOU A VIRUS!!!

HELP FAST No DECIMAL plz!

Answers

Answer: 1,145,375 centimeters cubed

Step-by-step explanation:

Answer: 1,145,375cm I think

Step-by-step explanation:

Help please
Lines m and n are parallel.
What is m<1?
A. 35°
B. 50°
C. 55°
D. 75​

Answers

Answer: 55

Step-by-step explanation:

Since lines m and n are parallel, angle 55 would be the same for the measure of angle 1.

Find the perimeter of this complex shape.

Answers

31 cm
Add are the sides

help would be really nice here just a bit lost

Answers

Subtract 3 from 3 and 6
Then multiply by -2 on both sides

How many more gift card raffle tickets will
be entered than shopping spree raffle tickets
if there are 500 total raffle tickets?

Answers

Answer:

25 tickets

Step-by-step explanation:

If the answer is wrong, I don't know what to say because the answer I got is 25

The would be 25 more gift card raffle ticket than shopping spree raffle tickets if there are 500 total raffle tickets

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables.

The shopping spree raffle tickets is 35% while the gift card tickets is 40%. Hence for 500 tickets:

Difference = (40% - 35%) * 500 = 25 tickets

The would be 25 more gift card raffle ticket than shopping spree raffle tickets if there are 500 total raffle tickets

Find out more on equation at: https://brainly.com/question/2972832

Pls help me I need some help.

Answers

Answer:

scale factor is 3

Step-by-step explanation:

Answer:

3

Step-by-step explanation:

5:15. 8:24. 9:27. they are all a ratio of 3

add me on imessage 3377074503

Answers

if i was you i wouldnt do that that could be inaporpiet

What is the measure of the third angle?

Answers

Answer:

90

Step-by-step explanation:

Answer:

90 degrees

Step-by-step explanation:

Step One: In order to solve this problem, you need to know that all angles in a triangle add up to 180 degrees.

Step Two: Now that we know that information, we need to add the angles we do know together: 34+56= 90 degrees.

Step Three: We subtract 90 from 180 to figure out the missing angles: 180-90= 90 degrees.

How many solutions does this equation have? –7q + 7 = 4 − 4q
- no solution
-one solution
-infinitely many solutions

Answers

Answer: One answer

Step-by-step explanation:

ok sooooooo
cant you call carrot juice orange juice.

Answers

Answer:

yes cs its a orange juice

Step-by-step explanation:

Answer:

taking back the answer spot that is rightfully mine!

Step-by-step explanation:

PLEASE ASAP HELP!!! ​

Answers

The correct answer is D

CAN SOMEONE PLEASE HELP ME WITH THIS PROBLEM. I HAVE TO SOLVE FOR A AND B

Answers

Answer:

b is 10 degrees and a is 64 degrees.

Step-by-step explanation:

Properties of a parallelogram needed for this problem: Opposite angles are congruent and adjacent angles are supplementary, meaning they add to 180 degrees.

This means that in the picture, 2a and 12b+8 are equal, while 2a and 5b+2 are supplementary.

From this we can make two equations:

2a=12b+8

and

2a+5b+2=180

If we subtract 5b+2 in the second equation, both equations will equal 2a. I'll explain why that's good. We end up with:

2a=12b+8

and

2a=180-5b-2

Now, we can set the two equations equal to each other because they both equal the same thing. Then simplify.

12b+8=180-5b-2

17b=170

b=10

Knowing b is 10 degrees, we can easily plug that back into one of our original two equations. I'll choose 2a=12b+8.

2a=12(10)+8

2a=120+8

2a=128

a=64

b is 10 degrees and a is 64 degrees.

i need help please thanks​

Answers

Answer:

33

Step-by-step explanation:

6 * 3 = 18

8-3 = h

h = 5

A = 5 * 3 = 15

Combined:

15 + 18

33

HELP ASAP PLZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

Answers

Answer:

a. The price per ticket is 4 bucks, and b. you get 1/4 of a ticket for a dollar.

1. the penguin walks 75 feet in 45 seconds, and 2. it takes 27 seconds to walk 45 feet.

Step-by-step explanation:

Tickets:

16 dollars divided by 4 tickets is 4 dollars, so 4 dollars = 1 ticket. therefore, 1 dollar gives you 1/4 of a ticket.

Penguins

formula: X = feet, Y = seconds

X*0.6=Y

10 feet*0.6=6 seconds

(?) feet*0.6= 45 seconds

75 feet*0.6=45 seconds

same thing, but backwards this time

45 feet*0.6=(?) seconds

45 feet*0.6= 27 seconds

Hey can I have brainly please I am really close to leveling up

thx

Answer:

Step-by-step explanation:

Please help me!!!!!!!!

Answers

Answer:

#6) A = 72 sq units

Step-by-step explanation:

area of ΔAOB = 6

area of ΔCOB = 6

area of ΔCOD = 30

area of ΔCOD = 30

I need help with my homework ​

Answers

Answer:

Step-by-step explanation:

1. b. Alt. Exterior angles

  a. 7x + 8 = 6x + 18

   c.    x + 8 = 18

          x = 10

   d. 6(10) + 18 = 60 + 18 = 78

       7(10) + 8 = 70 + 8 = 78

2. 15x + 10 + 12x + 8 = 180

     same side angles

   27x + 18 = 180

   27x = 162

   x = 6

15(6) + 10 = 90 + 10 = 100 degrees

12(6) + 8 = 72 + 8 = 80 degrees

3. 12x + 2 = 11x + 6

    x + 2 = 6

    x = 4

12(4) + 2 = 48 + 2 = 50 degrees

11(4) + 6 = 44 + 6 = 50 degrees

corresponding angles

     

What's 9 divided by 4

Answers

9 divided by four is 7

Answer:

2.25 or 2(1/4)

Step-by-step explanation:

Type into a calc :)

Does the point (0, 1) satisfy the equation y = 4x?
yes or no?

Answers

Answer:

No.

Step-by-step explanation:

Here i put it in a graph for you to see.

Find the area of this parallelogram.
A)
20 cm2
B)
24 cm²
40 cm²

Answers

Answer:

It's 40cm²

Step-by-step explanation:

Base times height.

The answer is :
A) 20cm



Pls help me I don't get it.
Pls indicate steps

Answers

I'm having trouble reading, could you type out what is on the picture? I'll edit my answer then.

Answer:

x = -3, y = 3

Step-by-step explanation:

multiply the equation 3y - x = 12 by 3:

=> 9y - 3x = 36

now add the two equation 9y - 3x = 36 and 3x + 4y = 3 together to eliminate x and solve for y:

=>    9y - 3x = 36

 +)   4y + 3x = 3

______________

       13y        = 39

=>       y         = 3

substitute y = 3 into the original equation 3y - x = 12 to solve for x:

3(3) - x = 12

=> -x = 12 - 9

=> -x = 3

=> x = -3

I NEED HELP, WILL GIVE U BRAINLIEST IF U GIVE ME ANSWER <3

Answers

Answer:

It would be the last choice. Base= 8 in; height= 3 in

Step-by-step explanation:

It gives you the measurement for the height you just have to read what the ruler says at the bottom. When does the shape stop on the ruler? That number would be the answer in this case it would be the last choice.

Answer:

i dont know lol

Step-by-step explanation:

You roll a single 6 sided die. What are the odds of rolling a 9?

A. 1/6
B. 0
C. 1/9
D. 9

Answers

Answer:

B. 0

Step-by-step explanation:

There aren't enough sides for you to roll a nine

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