As part of your retirement, you wish to generate $2,000 monthly payments for a 15-year period. The annual interest rate is 5%. What minimum amount is necessary to fund these payments?

$962.0

Step-by-step explanation:

The formula for amount is ;

where

A= amount at the end of the period= $2000

P=minimum amount necessary to fund the payments

r= annual interest rate = 5% = 0.05

n= number of compounding per year , 1

t= time period = 15 years

Applying the values to the formula as;

answer: 42

use a calculator to find that 845/73 = 11.575

the whole part of the answer is 11. multiply this by 73 to get 11*73 = 803.

subtract that result from 845 to get 845 - 803 = 42

i believe the correct answer is option 4.principalities were small territories that were run by russian rulers.

which statement correctly defines principalities in northern asia in the 1200s? principalities were small territories that were run by russian rulers.

hope i could ! : )