To receive monthly payment of 1500 for 20 years how much would a person have to now in an annuity with interest rate of 3.1%to achieve this goal

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step-by-step explanation:

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step-by-step explanation:

hi im bob : l

step-by-step explanation:

step-by-step explanation:

this can be solved first with pythagorean theorem, which tells us to square both legs of the triangle and sum it. this will be equal to the square of the hypotenuse.

the hypotenuse is the side "opposite" the 90 degree angle, which is x.

so we can write using pythagorean theorem,

simplifying:

to further simplify this radical, we need to use the property  

thus