Aperson establishes a sinking fund for retirement by contributing $7,500 per year at the end of each year for 20 years. for the next 20 years, equal yearly payments are withdrawn, at the end of which time the account will have a zero balance. if money is worth 9% compounded annually, what yearly payments will the person receive for the last 20 years?
the answer is $80 / $60
main st.: 54 cars
airport: 40 cars
main st. auto has more car
first divide the total number of trucks (24) by the number of trucks the mentioned.
main st.: 24/4= 6 airport: 24/3=8
now multiply your answers by the number of cars.
main st: 9 x 6 =54 airport: 5 x 8= 40
main st. would have 54 cars when they have 24 trucks while airport will have 40 cars when they have 24 trucks.
meaning main st. has more cars.
9.2 times 2.4