Periodic Deposit: $? at the end of each monthRate: 7.5% compounded monthlyTime: 3 yearsFinancial Goal: $35,000O A. $2,628; $31,536 from deposits and $3,464 from interestB. $776; $27,936 from deposits and $7,064 from interestO c. $933; $33,588 from deposits and $1,412 from interestOD. $870; $31,320 from deposits and $3,680 from interest

Periodic Deposit: $? At The End Of Each MonthRate: 7.5% Compounded MonthlyTime: 3 YearsFinancial Goal:

Answers

Answer 1

Answer:

D. $870; $31,320 from deposits and $3,680 from interest

Explanation:

In order to calculate the monthly payment, we use the formula below:

[tex]P=\frac{A\mleft(\frac{r}{n}\mright)}{\mleft[\mleft(1+\frac{r}{n}\mright)^{nt}-1\mright]}[/tex]

Given:

• The Financial Goal, A= $35,000

,

• Rate = 7.5% = 0.075

,

• Number of compounding period = 12 (Monthly)

,

• Time, t = 3 years

Substitute into the given formula:

[tex]\begin{gathered} P=\frac{35000\mleft(\frac{0.075}{12}\mright)}{\mleft[\mleft(1+\frac{0.075}{12}\mright)^{12\times3}-1\mright]} \\ P\approx\$870 \end{gathered}[/tex]

The monthly payment is $870.

[tex]\begin{gathered} \text{Total deposit}=870\times36=31,320 \\ \text{Interests}=35,000-31,320=3680 \end{gathered}[/tex]

Option D is correct.


Related Questions

according to a survey of advanced curriculum high school students, the mean time spent studying each day is 6.4 hours. assume the standard deviation is 0.80 hours and that the probability distribution is normal. what is the 80th percentile for number of hours spent studying each day? round your answer to 2 digits after the decimal.

Answers

The 80th percentile for the number of hours spent studying each day is 7.07 hours.

A data set with a normal distribution has the majority of its values clustered in the middle of the range, while the remainder taper off symmetrically toward either extreme. The term "standard deviation" refers to the degree of dispersion of the data from the mean. Data are grouped around the mean when the standard deviation is low, and are dispersed when the standard deviation is high.

The percentage of scores below a given value is shown by percentiles. They provide information about how a score compares to other scores.

Given Data :

Mean time (u) = 6.4 hour

Standard Deviation = 0.80 hour

It is given that the probability distribution is normal.

The formula for the z-score is z =( x- mean)/standard deviation

For the 80th percentile,  the z value from the z table is 0.842.

We have,

0.842 = (x - 6.4)/0.8

0.842*0.8 = x - 6.4

0.6736 =x - 6.4

x = 0.6736 + 6.4

x = 7.0736

x = 7.07

Hence, the 80th percentile for the number of hours spent studying each day is 7.07 hours.

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question
A group of friends’ dinner bill before tax is $122.75. The sales tax rate is 8%. They want to leave an 18% tip after tax. What is their total dinner bill, including tax and tip, rounded to the nearest cent?
Responses

Answers

The cost of the total bill for the friends is $154.665.

What is a tax?

This implies a levy that's paid to the government by individuals and firms.

From the information, the.group of friends’ dinner bill before tax is $122.75, sales tax rate is 8% and they want to leave an 18% tip after tax.

The total bill will be:

= Cost of food + Tax + Tip

= $122.75 + (8% × $122.75) + (18% × $122.75)

= $122.75 + $9.82 + $22.095

= $154.665

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passes through (1,4) and perpendicular to y=2x-7

Answers

The equation of the line is found as y = -x/2 + 9/2.

What is meant by the equation of the line?This is an x and y equation for whom solution set is just a line in the (x,y) plane. The "slope-intercept" form is the most commonly used in algebra. y = mx + b. In effect, x is used as a parameter, and y is written as just a function of x: y = f(x) = mx+b.

For the given question;

The equation of the perpendicular line is given as;

y = 2x - 7

Compare the equation with the standard form of slope intercept.

y = mx + c

m = slope and c is the y intercept.

m1 = 2

Now, the line is perpendicular, thus the relation between both slopes is;

m1 × m2 = -1

m2 = -1/2

The passing coordinates of the line is (1. 4).

Find the equation using formula.

y - y1 = m2(x - x1)

y - 4 = (-1/2) (x - 1)

Simplifying,

y = -x/2 + 9/2

Thus, the equation of the line is found as y = -x/2 + 9/2.

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True or False: The set of whole numbers is closed under multiplication.

Answers

Answer:  True

Explanation:

Take any two whole numbers you want. Multiplying them together always result in some (other) whole number.

Examples:

2*3 = 65*7 = 3511*12 = 132

In other words,

(whole number)*(whole number) = whole number

This is why we consider the set closed under multiplication.

the interest rate on a five-year certificate of deposit (cd) for banks in south florida in 2018 was normally distributed with a mean of 2.28 percent and a standard deviation of 0.37 percent. 1. what proportion of these banks had an interest rate less than 2.5 percent?

Answers

The proportion of these banks that had an interest rate less than 2.5 percent is 0.724.

For a normally distributed set of data, given the mean and standard deviation, the probability can be determined by solving the z-score and using the z-table.

First, solve for the z-score using the formula below.

z-score = (x – μ) / σ

where x = individual data value = 2.5

μ = mean = 2.28

σ = standard deviation = 0.37

z-score = (2.5 - 2.28) / 0.37

z-score = 0.22 / 0.37

z-score = 0.5946

To get the proportion, find the probability that corresponds to the z-score in the z-table. (see attached images)

z-score = 0.5946

By interpolating the values,

probability = 0.724

proportion = 0.724

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The line perpendicular to y=1/2x-2 that passes through the point (0,3)

Answers

⇒For perpendicular lines when their gradients are multiplied they have to give -1, in this case we are given a line with gradient [tex]\frac{1}{2}[/tex] meaning the gradient of the line perpendicular to it will be -2 since

[tex]-2*\frac{1}{2} =-1[/tex]  this means that the gradient of the new line will be -2

⇒Now we have a point and  gradient.

⇒And we know that the general equation for a straight line is y=mx+c

[tex]3=-2(0)+c\\3=c\\c=3[/tex]

The equation of the line perpendicular to the given one is

y=-2x+3

GOODLUCK!!

Find the volume of this object.Use 3 for π.Volume of a CylinderV= πr²h4 ft9 ft5 ft5 ft5 ftVolume of aRectangular PrismV = whV ≈ [?]ft³Enter

Answers

Mathematics → Solid Figures → Volume

The volume of a cylinder is:

[tex]V=\pi r^2h[/tex]

In this question,

r = 2 ft (4/2 =2)

h = 5 ft

Then, the volume of the cylinder is (Vc):

[tex]\begin{gathered} Vc=\pi *2^2*5 \\ Vc=\pi *4*5 \\ Vc=20\pi \end{gathered}[/tex]

Using π = 3:

[tex]\begin{gathered} Vc=3*20 \\ Vc=60ft^3 \end{gathered}[/tex]

The volume of a rectangular prism (Vr) is:

[tex]Vr=lwh[/tex]

In this question:

l = 9 ft

w = 5 ft

h = 5 ft

Then, the volume of the rectangular prism is:

[tex]\begin{gathered} V=9*5*5 \\ V=225ft^3 \end{gathered}[/tex]

The volume of the object (V) is the sum of the volumes:

[tex]\begin{gathered} V=Vc+Vr \\ V=60+225 \\ V=285ft^3 \end{gathered}[/tex]

Answer: 285 ft³.

the sum of the digits in a three digit mumber is 9. the tens digit is half the sum of the other two amd the hundreds digit is half the unit digit. fond the number.​

Answers

The number is 234.

Step-by-step explanation:

Let the 3 digits be H , T and U so the number is HTU.

H + T + U = 9

T = 0.5H + 0.5U

U = 2H

So  from the last 2 equations

T = 0.5H + 0.5(2H)

T = 0.5H + H

T = 1.5H

So substituting for T and H is the first equation:

H + 1.5H + 2H = 9

4.5H = 9

H = 2.

So T = 1.5*H = 1.5 *2 = 3.

are 60/55 and 7/42 porportinal

Answers

No. You get from 60/55 to 7/42. It’s not a constant proportionality

What is the answer for the equation:
7x+31 = 8x -1/3(27x+3) ?

Answers

The answer for the equation:

7x+31 = 8x -1/3(27x+3) is x=-4

Vince is cutting a rectangular piece of pegboard to use in his garage for organization. The width of the pegboard is 8 inches less than half the length. The perimeter of the pegboard is 224 inches. What is the length of the pegboard?

Answers

The length of the rectangular pegboard is 80 inches

What is a rectangle?

A rectangle is a polygon with four sides in which two opposite sides are parallel and equal

How to find the length of the rectangular pegboard?

Since Vince is cutting a rectangular piece of pegboard to use in his garage for organization. The width of the pegboard is 8 inches less than half the length. The perimeter of the pegboard is 224 inches.

Let

L = length of pegboard and W = width of pegboard.

Since the width of the pegboard is 8 inches less than half the length, we have that

W = L/2 - 8

Also, since the pegboard is a rectangle, its perimeter, P = 2(L + W)

Now, its perimeter P = 224 inches.

So, 2(L + W) = 224

L + W = 112

Now, substituting the width, W into the equation, we have

L + W = 112

L + L/2 - 8 = 112

L + L/2 = 112 + 8

L + L/2 = 120

3L/2 = 120

L = 120 × 2/3

L = 240/3

L = 80 inches

So, the length of the pegboard is 80 inches

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andrea wants to cut a board into three pieces the board is 3 2/3 feet long how long will each piece be

Answers

Answer:

7/6 feet

Step-by-step explanation:

The board is 3 and 1/2 feet long, so it is 3+(1/2) feet long.

3 + 1/2 = ?

3/1 + 1/2 = ?

6/2 + 1/2 = ?

(6 + 1)/2 = ?

= 7/2

3 + 1/2 = 7/2

In other words, the board is 7/2 feet long.

Now we have to divide by 3 since Andrea is cutting the board in three pieces.

So:

(7/2)/3       or        (7/2) ÷ 3       or        [tex]\frac{\frac{7}{2}}{3}[/tex]        or     (7/2) × (1/3)

= 7/(2×3)

= 7/6

So we found that each piece (after cutting the board into three pieces) is 7/6 feet long.

If p and q are integers and pq +p is an odd number, which of the following numbers must be even?

1-p
2-q
3- pq-3
4- p^2

Answers

Answer:Answer: number 2 is correct

. Represent Real World Problems Lorena and Benita are saving
money. They began on the same day. Lorena started with $40. Each
week she adds $8. The graph describes Benita's savings plan. Which
girl will have more money in 6 weeks? How much more will she
have? Explain your reasoning.

Answers

We need to know how to read a graph inorder to solve the problem. At the end of 6 weeks, Lorena will have more money, she will have $8 more than Benita.

We know that Lorena started with $40 and she added $8 every week. We need to find out the final amount she has at the end of 6 weeks. For Benita, we can see from the graph that she started with $50, since the graph starts from $50, and if we observe the amount after every week we can see that she adds $5 every week to the savings. We can directly say from the graph that the final amount Benita has after 6 weeks is $80.

amount Lorena has after 6 weeks = 40+ (6x8)=40+48=$88

Therefore we can see that Lorena will have more money after 6 weeks and she has $8 more than Benita.

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the mean annual income for adult women in one city is $28,520 and the standard deviation of the incomes is $5000. the distribution of incomes is skewed to the right. suppose that we select samples of size 43. determine whether the sampling distribution for is normal (or approximately normal) and give its mean and standard deviation.

Answers

The sampling distribution for is normal (or approximately normal) and give its mean and standard deviation is  the mean is $28520 and its standard deviation is $762.5.

The notion of mean is crucial in both mathematics and statistics. The mean is the average or most frequent value among a set of numbers. It is a statistical measure used to determine the median and mode of a probability distribution's central tendency. It's also known as an expected value. Sum of all observations divided by the total observations equals the mean. The term "standard deviation" refers to the degree of dispersion of the data from the mean. Data are grouped around the mean when the standard deviation is low, and are more dispersed when the standard deviation is high.  

Given information :

Mean annual income = $28540

Standard Deviation = $5000

Given sample size is n = 43

Sample size doesn't affect the mean, hence the mean remains the same

New mean = $28540

New standard Deviation = Standard Deviation / n^1/2 = 5000/ (43)^1/2

New standard Deviation = 5000/6.5574 = $762.5

Hence, The mean is $28520 and its standard deviation is $762.5

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Ms. lange drove about 150kms east from la sarre, to senneterre, quebec. she drove another 75kms north to lebel-sur-quevillon, what is the approximate air distance from la sarre to lebel-sur-quevillon

Answers

The approximate air distance from La Sarre to Lebel-sur-Quevillon is 167.71 km.

To determine the air distance from La Sarre to Lebel-sur-Quevillon, analyze the path she has traveled.

When she drove east and drove another north, the total path she ave traveled is similar to the sides of a right triangle, where the distance from the start and end point is the hypotenuse. (see photo attached)

Using Pythagorean theorem, solve the distance from La Sarre to Lebel-sur-Quevillon.

c² = a² + b²

where a = 150 km and b = 75 km

distance² = 150² + 75²

distance² = 22500 + 5625

distance² = 28125

distance = 167.71 km

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answer all ........................................................................................................................................................................................................................................................................................................................................1

Answers

Answer:

1. 39, 46

2. 180

Step-by-step explanation:

1. count up by 7

2. not sure..

You will have $ in ten years if you set aside $500 a year at 10%.

Answers

Compound interest: $8,765.58

HELP ME PLEOPLE THIS IS SO CONFUSING HELP ME I WILL GET SUSPENDED IF I DON"T ANSWER THIS HELP ME PLEASE HELP I WILL GET A 0 AND SUSPENDED HELP

Answers

D and B ! Your welcome!

A bank features a savings account that has an annual percentage rate of r=2.8% with interest. compounded quarterly. Benicio deposits $8,000 into the account.

Answers

Explanation

From the given question

We are given the formula to compute the amount that a sum of $8000 compounded quarterly will yield after time t at a rate of 2.8%

The formula is given by

[tex]A(t)=a(1+\frac{r}{k})^{kt}[/tex]

Part A

[tex]\begin{gathered} a=initial\text{ deposit= \$8000} \\ \\ k=number\text{ of times compounded in a year = 4} \\ \\ r=2.8\text{ \% =0.028} \\ \\ \end{gathered}[/tex]

part B

the amount in the account after 7 years will be

[tex]\begin{gathered} A(t)=8000(1+\frac{0.028}{4})^{4\times7} \\ \\ A(7)=\text{ \$}9725.57\text{ } \end{gathered}[/tex]

The amount that will be in the account after 7 years will be $9725.57

Part C

APY is given by

In our case we have

[tex]\begin{gathered} APY=(1+\frac{r}{k})^k-1 \\ APY=\left(1+\frac{0.028}{4}\right)^4\:-1 \\ APY=1.02829-1 \\ APY=0.02829 \end{gathered}[/tex]

Hence, we will have the APY as

[tex]\begin{gathered} APY=0.02829\times100\text{ \% } \\ APY=2.829\text{ \%} \end{gathered}[/tex]

Hence, the APY is 2.829%

y+1=3/2(x-1) in slope intercept form ​

Answers

Answer:

y=[tex]\frac{3}{2}[/tex]x - [tex]\frac{5}{2}[/tex]

Step-by-step explanation:

To get slope intercept form (y=mx+b), simplify and solve for y.

y+1=[tex]\frac{3}{2}[/tex](x-1)

Simplify

y+1=[tex]\frac{3}{2}[/tex]x - [tex]\frac{3}{2}[/tex]

Solve for y

y=[tex]\frac{3}{2}[/tex]x - [tex]\frac{5}{2}[/tex]

How many times larger is (1.76 x 10^1) than (8 x 10^-1)

Answers

Answer:

14.7 times bigger is (1.176 x 10¹) than (8 × 10-¹) if the numbers are  (1.176 x 10¹) than (8 × 10-¹).

Step-by-step explanation:

Answer:

22

Step-by-step explanation:

To compare numbers this way, we divide.

(1.76 × 10^1) / (8 × 10^-1) =

= 1.76/8 × 10^1 / 10^-1

= 0.22 × 10^(1 - (-1))

= 0.22 × 10^2

= 22

cooling towers are used to remove or expel heat from a process. a cooling tower's walls are modeled by x squared over 400 minus quantity y minus 110 end quantity squared over 2304 equals 1 comma where the measurements are in meters. what is the width of the cooling tower at the base of the structure? round your answer to the nearest whole number. 100 meters 50 meters 48 meters 40 meters

Answers

The width of the cooling tower at the base of the structure is (D) 40 meters.

Where are cooling towers located?Typically, cooling towers are found on rooftops or other outdoor locations. Lower cooling system efficiency occurs as a result of operation and maintenance specialists commonly ignoring them because they are typically out of sight.

Now, calculate the cooling tower's width:

Equation: x2/400 given (y-90)

²/1600=1

Calculating the width:

Width of the cooling tower: 2400Width of cooling tower = 22040-meter cooling tower width

Therefore, the width of the cooling tower at the base of the structure is (D) 40 meters.

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[tex]x + 49 \ \textgreater \ 28[/tex]I need it now please

Answers

[tex]x+49>28[/tex]

To solve an inequation for x you have to follow the same procedure you follow when solving equations, with exception that when you multiply/divide by a negative number the direction of the inequality gets inverted.

So to solve the given inequelity for x, you have to pass "+49" to the other side of the expression. To do so, subtract it from both sides of the expression:

[tex]\begin{gathered} x+49-49>28-49 \\ x>-21 \end{gathered}[/tex]

The result of the inequality is x > -21

15 points to help me out.

Answers

Answer:

can't answer the first two questions as figure is not mentioned in picture

3. -3

4. 6

5. 3/4

6. -3

7. 5

8. 3

Step-by-step explanation:

WILL GIVE BRAINLIEST find center, vertices, and foci of the ellipse.

Answers

The center is (5, 1)

The vertices is (5, 1 - 4 square root of 2) and (5,1 + 4 square foot of 2)

The foci is (5, 1 + 2 square root of 6) and (5, 1 - 2 square root of 6)

Hope this was helpful :)

Sandra purchased $1,200 worth of electronic equipment on her new credit card, with an annual interest rate of 14.99%. If she has no other charges on the card and does not pay off the balance at the end of the month, how much money will she owe the credit card company after 1 month? Estimate the interest using the monthly periodic rate.

Answers

Given data:

The given amount of equipment purchased by the Sandra is A=$1,200.

please help me , and can you explain what i shluld study to understand this ​

Answers

x = 12° and y = 7° are the value of linear angles.

What is linear pair of angles?

When two lines meet at a single point, a pair of linear angles is created. If, following the junction of the two lines, the angles are next to one another, they are said to be linear. A linear pair's angles add up to 180° in all cases.

8x° = 96°

x = 96/8

x = 12°

8x° = 11y + 19

8 * 12° = 11y + 19

96 = 11y + 19

11y = 96 - 19

11y =    77

y = 77/11

y = 7°

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How do you solve this problem?

Answers

The area of the figure given below is 56.6 units² .

In the question ,

a figure is given

where there is one rectangle and two semicircles .

the length of the rectangle is given as 11 units

and the breadth of the rectangle is = 4 units

we know that the area of the rectangle is = length × breadth

on substituting the values ,

we get

area = 11 × 4

area = 44 units²

the radius of the semicircle = 2 units

the are of the semi circle = (1/2)*π*r²

since there are two semicircle , the area of the two semi circle will be

= 2 * (1/2)πr²

= π*r²

On substituting , the value of radius = 2 ,

we get the area is = 3.14*(2)² = 12.56       using π = 3.14

so the area of the complex figure is = 44 + 12.56 = 56.56

≈ 56.6

Therefore , The area of the figure given below is 56.6 units²  .

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-20 less than or equal to 4x

Answers

We will have the following:

[tex]-20\le4x[/tex]

When we solve for x we will have

[tex]-\frac{20}{4}\le x\Rightarrow-5\le x[/tex]

So, x is equal or grater than -5.

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