An investor wants to save money to purchase real estate. She buys an annuity with monthly payments that earn 5.6% interest, compounded monthly. Payments will be made at the end of each month, Find the total value of the annuity in 16 years if each monthly payment is $65.
Do not round any intermediate computations, and round your final answer to the nearest cent

1040

Step-by-step explanation:

just took 65 and mutiply 65$

1040

Step-by-step explanation:

just took 65 and mutiply 65$

good luck on your studies! : )

david edward.

the revenue of the fitness center, y, is the product of two factors: the number of members and the fee paid by each member. there are 320 members now, but number of members goes down by 10 for each $5 increase in fees, so if x is the number of $5 price increases then members is equal to (320 - 10x). since the fee is currently $45, and the fee increases by $5 for every price bump x, the fee is given by (45 + 5x). so, revenue y is given by y = (320 - 10x)(45 + 5x).