Carl is the beneficiary of a $29,000 trust fund set up for him by his grandparents. Under the terms of the trust, he is to receive the money over a 7-year period in equal installments at the end of each year. If the fund earns interest at the rate of 4%/year compounded annually, what amount will he receive each year?

$8,939.58

Step-by-step explanation:

Let x represent the amount to be received each year

==> x * Present value annuity factor (4%,7yrs) = $29,000

==> x * 3.240 = $29,000

==> x = $29,000/3.244

x = 8939.580764488286

x = $8,939.58

So, $8,939.58 is the amount he will receive each year.

answer: 4 meters

step-by-step explanation: to you understand 2/3 better you can do 1 divided by 3 = . then multiply that by the 2 which is .66666666666666667 then you would do 6 x .66666666666666667 which is 4.      

hope this .

$54.99

step-by-step explanation:

$54.99 includes 500 min. if she does not exceed 500 min then her bill is $54.99