upon receiving your first salary, you deposited 3000 taka monthly in a fund for your future for 18 years. the fund earns 6% interest rate compounded monthly. after 18 years, you want it to make payments at the end of every quarter for five year 4.5% compounded quarterly, what is the amount of each annuity payment to you?

The Annuity payment will be "65,209.35 Taka". A further solution is provided below.

Given:

Monthly payment,

= 3000 Taka

Interest rate,

= 6% (compounded monthly)

Time,

= 18 years

The Future value will be:

→

By putting the values, we get

hence,

The Annuity payment will be:

→

By substituting all the values, we get

Thus the correct answer is "65,209.35 Taka".

Learn more the Annuity payment here:

mr. flanders’ class sold 47 doughnuts and   mr. rodriquez’s class sold 38 cartons of milk

step-by-step explanation:

let x be the number of doughnuts sold by mr. flanders’ class and y be the number of cartons sold by mr. rodriquez’s class.

1. together, the classes sold 85 items, then

x+y=85.

2. both classes earn earned $104.49 for their school. if doughnuts were sold for $1.35 each, then x doughnuts costed $1.35x. if cartons of milk were sold for $1.08 each, then y cartons costed $1.08y. hence,

1.35x+1.08y=104.49.

3. solve the system of two equations:

-22

times both sides by 2, times () by 8, add alile terms, move terms, add alike and caculate divide both sides by 3