If ms. p wants to withdraw $900 from an account earning 4% average annual interest rate at the start of each year for 7 years, how much must she have in the account today?

Amount he must have in his account today is  $5,617.92

Step-by-step explanation:

Data provided in the question:

Regular withdraw amount = $900

Average annual interest rate, i = 4% = 0.04

Time, n = 7 years

Now,

Present Value =

here,

C = Regular withdraw amount

Thus,

Present Value =

Present Value =

Present Value =

Present Value =

Present Value = 936 × 6.00205

or

Present Value = $5,617.92

Hence,

Amount he must have in his account today is  $5,617.92

w'x is 0.

hope it

let x be the money she spent so that she can earn the free t-shirt.

since, she already spent $112.49

⇒

also, as per the statement: jennifer must spend $250 or more in order to qualify for a free t-shirt at the store.

then,

we have an inequality i.,e

subtract 112.49 from both sides we get;

therefore, $137. 51 more money does jennifer need to spend so that she can earn the free t-shirt