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: $1200 Interest rate: 2.5% Frequency monthly Time: 26 years what is the account balance?​

Step-by-step explanation:

principal=?. interest=$1200. rate =2. 5%. time=26 NOW, principal=I×100/T×R= $1200×100/26×2. 5=1846. 15

9514 1404 393

  $275,098.25

Step-by-step explanation:

The principal amount can be found using the annuity formula.

 A = P(r/12)/(1 - (1 +r/12)^(-12t))

where A is the monthly payment, P is the principal amount, r is the annual interest rate, and t is the number of years.

Solving for P, we have ...

  P = A(12/r)(1 -(1 +r/12)^(-12t)) = 1200(12/0.025)(1 -(1 +.025/12)^(-12·26))

  = $275,098.25

The account balance needs to be $275,098.25.

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step-by-step explanation:

8

step-by-step explanation:

to find the amount of gift bags to use all the supplies, find the gcf or greatest common factor. this is the largest number which multiplies evenly into each term.

48 has factors: 1, 2, 3, 4, 6, 8, 12. 16, 24, 48

80 has factors: 1, 2, 4, 5, 8, 10, 16, 20, 40, 80

64 has factors: 1, 2, 4, 8, 8, 16, 32, 64

the highest number factor they all share in common is 8. this means there will be 8 bags with 6 pencils, 10 markers, and 8 stickers in each bag.