Assume that you are starting a retirement annuity that pays 4.5% annual interest compounded monthly. You plan to make equal monthly deposites for 25 years. What is the monthly deposit that will give you an account
worth $1,760,000 in 25 years?
um
Discover
The monthly deposit is $
Round to the nearest cent.

$70, 400

Step-by-step explanation:

1760000 / 25 is the number stated above

anser is a

step-by-step explanation:

negitive slope

the largest number of the four options is 1.8 x 10-2

you have it in scientific notation.

1.80 x 10-6   = 0.00000180

1.80 x 10-4   = 0.000180 (bigger, or "less small", than the former one)

so

1.8 x 10-2       = 0.0180. as you see. the "less small", or the biggest one of them all.

as you have negative exponent, it means you are dividing 1.8 by 100 (i.e. moving the dot towards left, two times).

if you had positive exponent for the scientific notation, power of tenths, you would be multiplying times 100 (moving the dot towards right) as below:

1.8 x (10)2 = 180

so. if you have negative exponent in scientific notation, move the dot toward left. if it is positive, toward right as many times the exponent tells you.