Need only handwritten solution only (not typed one). 9. A man who is going to be living abroad for 2 years wants to buy an ordinary annuity that will providemonthly payments of $750 to his parents at the end of each month while he is gone. The interest rate he canobtain is 4.15% compounded monthly.a. Over the 2 years, how much money will his parents receive from their son?b. What is the amount of the annuity that he must buy now (present value) to generate these payments?

Answered: Image /qna-images/answer/a4af6199-0e12-4c1b-910e-4f3503d69ce1.jpg

Answered: 9. A man who is going to be living…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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A homeowner wants to build, along his driveway, a garden surrounded by a fence. A rectangular garden has been enclosed along a side of a driveway. The enclosure is bordered by a length of fence along the driveway (a long side), another long side of fence, and two short sides of fence. The side along the driveway is labeled "$6 per foot" while the remaining three sides are labeled "$2 dollars per foot." If the garden is to be 1,800 square feet, and the fence along the driveway costs $6 per foot while on the other three sides it costs only $2 per foot, find the dimensions (in ft) that will minimize the cost. length along the driveway ft length perpendicular to the driveway ft Find the minimum cost (in dollars). $
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