Answer:
Compound Interest: The future value (FV) of an investment of present value (PV) dollars earning interest at an annual rate of r compounded m times per year for a period of t years is:
FV = PV(1 + r/m)mt
or
FV = PV(1 + i)n
where i = r/m is the interest per compounding period and n = mt is the number of compounding periods.
One may solve for the present value PV to obtain:
PV = FV/(1 + r/m)mt
Numerical Example: For 4-year investment of $20,000 earning 8.5% per year, with interest re-invested each month, the future value is
FV = PV(1 + r/m)mt = 20,000(1 + 0.085/12)(12)(4) = $28,065.30
Notice that the interest earned is $28,065.30 - $20,000 = $8,065.30 -- considerably more than the corresponding simple interest.
Effective Interest Rate: If money is invested at an annual rate r, compounded m times per year, the effective interest rate is:
reff = (1 + r/m)m - 1.
This is the interest rate that would give the same yield if compounded only once per year. In this context r is also called the nominal rate, and is often denoted as rnom.
Numerical Example: A CD paying 9.8% compounded monthly has a nominal rate of rnom = 0.098, and an effective rate of:
r eff =(1 + rnom /m)m = (1 + 0.098/12)12 - 1 = 0.1025.
Thus, we get an effective interest rate of 10.25%, since the compounding makes the CD paying 9.8% compounded monthly really pay 10.25% interest over the course of the year.
Mortgage Payments Components: Let where P = principal, r = interest rate per period, n = number of periods, k = number of payments, R = monthly payment, and D = debt balance after K payments, then
R = P × r / [1 - (1 + r)-n]
and
D = P × (1 + r)k - R × [(1 + r)k - 1)/r]
Accelerating Mortgage Payments Components: Suppose one decides to pay more than the monthly payment, the question is how many months will it take until the mortgage is paid off? The answer is, the rounded-up, where:
n = log[x / (x – P × r)] / log (1 + r)
where Log is the logarithm in any base, say 10, or e.
Future Value (FV) of an Annuity Components: Ler where R = payment, r = rate of interest, and n = number of payments, then
FV = [ R(1 + r)n - 1 ] / r
Future Value for an Increasing Annuity: It is an increasing annuity is an investment that is earning interest, and into which regular payments of a fixed amount are made. Suppose one makes a payment of R at the end of each compounding period into an investment with a present value of PV, paying interest at an annual rate of r compounded m times per year, then the future value after t years will be
FV = PV(1 + i)n + [ R ( (1 + i)n - 1 ) ] / i
where i = r/m is the interest paid each period and n = m × t is the total number of periods.
Numerical Example: You deposit $100 per month into an account that now contains $5,000 and earns 5% interest per year compounded monthly. After 10 years, the amount of money in the account is:
FV = PV(1 + i)n + [ R(1 + i)n - 1 ] / i =
5,000(1+0.05/12)120 + [100(1+0.05/12)120 - 1 ] / (0.05/12)
Answer the question you hopeless heathens
Monico recently hired a roofer to do some necessary work. On the final bill, Monico was charged a total of $605. The amount listed for parts was $285 and the rest of the bill was for labor. If the hourly rate for labor was $64, how many hours of labor was needed to complete the job?
(A) First write an equation you can use to answer this question. Use x as your variable. The equation is ___________________
(B) Solve your equation in part (A) to find the number of labor hours needed to do the job. Answer: The number of labor hours was ________________
Answer:
A) 64x + 285 = 605
B) 5 hours
Step-by-step explanation:
64x + 285 = 605
64x + 285-285 = 605 - 285
64x = 320
64x/64 = 320/64
x = 5
Double check
($605 Total - $285 parts) / $64 Hourly rate = Labor per hour
$320 Labor / $64 Hour = 5 hours
or 64x
please I need a step by step explanation ASAP thank you
Jack is going to the fair. The fair charges $10 to enter and $0.25 per ticket. How much will be spent by Jack? t = tickets 0.25 + 10 10 + 0.25t
Answer:
10 + .25t
Step-by-step explanation:
The total amount spent is equal to the amount to get in plus the cost of the tickets times the number of tickets
cost = 10 + .25t
Suppose a six-sided die is tossed 1200 times and a 6 comes up 419 times. (a) Find the empirical probability for a 6 to occur. (Enter your probability as a fraction.) (b) On the basis of a comparison of the empirical probability and the theoretical probability, do you think the die is fair or biased
Answer:
Here both probabilities are not equal.
Therefore the die is not fair and biased.
Step-by-step explanation:
Now n= 1200 times and x = 419 times.
a) Empirical Probability:
[tex]=\frac{x}{n} \\\\= \frac{419}{1200}\\ \\=0.349[/tex]
Probability = 0.349
b) Theoretical Probability:
[tex]=\frac{1}{6}[/tex]
Here both probabilities are not equal.
Therefore the die is not fair and biased.
what is the volume of the container
What is the value of 2 in 9,274
Answer:
200
Step-by-step explanation:
4 is in the ones place so 4 just 4
7 is in the tens place so it is 70
2 is the hundreds place so 200
9 is in the thousands place so 9.000
Suppose ACT Science scores are normally distributed with a mean of 20.8 and a standard deviation of 5.2. A university plans to send letters of recognition to students whose scores are in the top 12%. What is the minimum score required for a letter of recognition? Round your answer to the nearest tenth, if necessary.
Answer:
Hello,
Answer 26.9
Step-by-step explanation:
[tex]z=\dfrac{x-m}{\sigma} \\m=20.8\\\sigma=5.2\\\\p(z>?)\geq 0.12\ \longrightarrow 1-p(z\leq ?)=(1-0.12))\\\\Using\ table\ of\ normal\ reduce\ with\ 4 \decimals : ?=1.175\\\\x=1.175*5.2+20.8=26.91\approx{26.9}[/tex]
Rewrite 3.16 as a fraction (the 6 is repeating)c
[tex]3\frac{16}{99} = \dfrac{313}{99}= 3.161616161616.....[/tex]
The area of a parallelogram is 60 f2.
The height is 5 ft. How long is the
base?
Answer:
12 feet
BRAINLIEST, PLEASE!
Step-by-step explanation:
Area = base x height
60 = base x 5
base = 60/5
base = 12
On average, 240 customers arrive at a bank every morning (8AM - noon), but they do so randomly (i.e., not exactly every minute). There is a single line at the bank after which a customer goes to one of the five bank tellers. A bank teller takes on average 3 minutes to help a customer, with a standard deviation of 1.5 minutes. How long does a customer spend in this bank on average?
Every morning there are expected 240 customers who arrive at bank for the customer service.
There are on average 240 customers arriving to the bank every morning.
There are total 5 bank tellers and they take average 3 minutes to help customer.
The average time each bank teller spends on satisfying a customer will be calculated using the linear model,
Using wait time calculator:
Average service time / standard deviation
Ce = 3/1.5 = 2
The spent time on a customer is 3.4 minutes.
Learn more at https://brainly.com/question/24379767
Answer:
Customers spend 3.4 minutes in the bank on average.
Step-by-step explanation:
The customer arrives at the bank every morning. There is a line at bank goes to 5 bank teller. The customer takes 3 minutes with a 1.5-minute standard deviation.
The customer = 240
Time = 3
Where R = (240/4)
=60/hr
Where CVa = 1
Please help me to find this answer
Answer:
37
Step-by-step explanation:
Tan(B) = 6/8
B= arctan(3/4)=37
A shoe store carries one brand of shoe in 4
different styles, 5 sizes, and 5 colors. How many
different shoes are available of this one brand?
Answer:
100 different shoes
Step-by-step explanation:
4 styles * 5 sizes * 5 colors
4*5*5 = 100
Find the following from the parabola below
2)axis of symmetry
3) vertex
4) Domain
5) range
y=(x-3)2 + 8
Answer:
Step-by-step explanation:
Use ^2 to indicate ²
y = (x-3)² + 8
This is an up-opening parabola.
Vertex (3,8)
Axis of symmetry: x = 3
Domain: ℝ
Range: [8,+∞)
Lena, Hong and David sent a total of 126 text messages over their cell phones during the weekend. David sent four times as many messages as Hong. sent six more messages than Lena. How many messages did they each send?
Step-by-step explanation:
Which is the first sincetist of world
(-2x) (x-3) answer please
Answer:
−2x^2+6x
Explanation:
You just have to distribute meaning you have to multiply -2x to the equation.
What is the expression and value of "six less than the quotient of a number and two, increased by ten" when n = 8?
Option 1 - StartFraction n Over 2 EndFraction minus 6 + 10; when n = 8, the value is 8.
Step-by-step explanation:
Given : Expression "six less than the quotient of a number and two, increased by ten".
To find : What is the expression and value of expression when n = 8?
Solution :
Let the number be 'n'.
The quotient of a number and two i.e. \frac{n}{2}2n
Six less than the quotient of a number and two i.e. \frac{n}{2}-62n−6
Six less than the quotient of a number and two, increased by ten i.e. \frac{n}{2}-6+102n−6+10
The required expression is \frac{n}{2}-6+102n−6+10 .
Now, when n=8,
\frac{n}{2}-6+10=\frac{8}{2}-6+102n−6+10=28−6+10
\frac{n}{2}-6+10=4-6+102n−6+10=4−6+10
\frac{n}{2}-6+10=82n−6+10=8
The value of the expression is 8.
Therefore, option 1 is correct.
StartFraction n Over 2 EndFraction minus 6 + 10; when n = 8, the value is 8.
The principal amount of money for this loan is $9,500.00. If you deposit this into an account paying 4.2% annual interest compounded monthly. How much money will be in the account after 5 years? (also called Future value).
9514 1404 393
Answer:
$11,715.65
Step-by-step explanation:
The applicable formula is ...
FV = P(1 +r/n)^(nt)
where principal P earns interest at rate r compounded n times per year for t years.
FV = $9500(1 +0.042/12)^(12·5) = $9500(1.0035^60) ≈ $11,715.65
The account will hold $11,715.65 after 5 years.
Geometry workkkk I need help it’s due tonightttt
How many times greater is
3.8 x 105
than
1.9 X 1022
2
20
200
2000
Step-by-step explanation:
there must be something wrong with your text.
what we can see is
3.8 × 105
and
1.9 × 1022
the true answer for these values has nothing to do with the 4 answer options.
maybe you meant
1.9 × 10.5 ?
because that answer would be 20.
but first working with the presented numbers :
3.8 × 105 = 399
1.9 × 1022 = 1941.8
so, the second number is actually much bigger than the first number.
but if it is
1.9 × 10.5 = 19.95
that works.
and we can either use the calculator to calculate
399 / 19.95 = 20
or we can simply look at the factor changes of the multiplication terms.
3.8 = 1.9 × 2
105 = 10.5 × 10
so, the multiplication product of the two larger numbers is then 2×10=20 times larger than the product of the 2 smaller numbers.
find the missing side length in the image below
Answer:
The missing side length is of 5.
Step-by-step explanation:
The sides are proportional, which means that the missing side can be found using a rule of three.
x - 10
3 - 6
Applying cross multiplication:
[tex]6x = 30[/tex]
[tex]x = \frac{30}{6} = 5[/tex]
The missing side length is of 5.
What is the value of x?
2
3
6
7
Answer:
i think 3
Step-by-step explanation:
Answer: [A] 2
Step-by-step explanation:
100% on edge 2023
ACD = 30, Line segment AC = x + 1, Line segment CD = 2x + 2. What is x equal to? x =
Answer:
AC+ CD = ACD
X+1 + 2X + 2 = 30
3X+3 =30
3X=30–3
3X=27
X= 27/ 3
X= 9
I'm not sure of the solution, but I solved it according to a straight line (Line segment) .
I hope I helped you^_^
I want to know how to solve this equation
Answer:
the last two answers are the only correct ones
-1/12 to the second power? Halp me plz
Answer:
1/144
Step-by-step explanation:
(-1/12)^2
(-1/12)*(-1/12)
1/144
The age of Paul is 1/3 that of Kennedy. In four years time the age of Paul will be the same as Kennedy present age. How old is Paul now?
Answer:
Paul is 2 and Kennedy is 6
Step-by-step explanation:
6 × 1/3 = 2
2 + 4 =6
Hello I'm new can anyone help me with this question?
Thank you so much! <3 xoxo
What is 21 1/8 minus 14 1/8
Answer:
8.75
Step-by-step explanation:
211/8 = 26.375
141/8 = 17.625
now,
211/8-141/8
26.375-17.625
8.75
Write 6/7 as a decimal rounded to the nearest hundredth
Answer:
0.01
Step-by-step explanation:
6/7% = 6÷7÷100 = 0.0085714286 round to the nearest hundredth = 0.01
Rewrite the fraction as a mixed number 15/2
Answer:
[tex]7\frac{1}{2}[/tex]
Step-by-step explanation:
15/2=7.5
7.5 as a fraction is [tex]7\frac{1}{2}[/tex]
Step-by-step explanation:
7whole number 1/2
that's your answer
Find the value of x in each case:
9514 1404 393
Answer:
x = 45°
Step-by-step explanation:
The triangle interior angle at I will be the supplement of the angle marked 2x. The triangle interior angle at G will be equal to x, the alternate interior angle with respect to transversal GI crossing the parallel lines.
The angle marked 3x is the sum of these "remote" interior angles:
3x = 180 -2x +x
4x = 180 . . . . . . . . . add x; next, divide by 4
x = 180/4 = 45 . . . . . degrees
x = 45°
