You decide to invest in a period annuity that offers 4.5% APR compounded monthly for 15 years how much money will you need to invest if your desired yearly income is $40,000?

A. $460,000.00

B.$321,631.08

c.$471,283.83

D$432,835.96

The answer is $321,631.08

Step-by-step explanation:

I just did a test on it. Got it wrong, but it showed me the right answer.

85.560%

step-by-step explanation:

conditional probability is defined as:

p(a|b) = p(a∩b) / p(b)

in other words, the probability that a occurs, given that b has occurred = the probability that both a and b occur / the probability that b occurs.

in this example:

p(turns 64 | turns 44) = p(turns 64 & turns 44) / p(turns 44).

if someone turns 64, they must have already turned 44, so:

p(turns 64 | turns 44) = p(turns 64) / p(turns 44)

on page 42, we see that of the original 100,000, 94944 turn 44, and 81234 turn 64.   therefore:

p(turns 64 | turns 44) = 81234 / 94944

p(turns 64 | turns 44) = 0.85560

answer: translate the circles so they share a common center point and dilate circle y by a scale factor of 3.