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.

c.

step-by-step explanation:

because first you have to add the 4x, 9x, and the 7x together and you get 20x and then you add the last numbers up and you get 5and then you put the subtraction sign in there and that's how you get the answer.