Suppose a man is 25 years old and would like to retire at age 60. ​Furthermore, he would like to have a retirement fund from which he can draw an income of ​$50,000 per year​forever! How can he do​ it? Assume a constant APR of ​8%.

Answers

Answer 1

Answer:

Step-by-step explanation:

0.08*X >= 100000,   i.e.   X >= 100000%2F0.08 = 1,250,000 dollars.

Then each year he will draw 100000, but the bank will return  equal or even greater amount than 0.08*1250000 = 100000,

so his balance will only increase from year to year.

It is a rough estimation.

If we want to consider more realistic case, when he withdraws 100000 at the first day of the year and the bank compounds 8% at the end of the year,

then the unknown starting amount X must satisfy inequality

0.08*(X-100000) >= 100000,   which gives

0.08X - 0.08*100000 >= 100000,

0.08X > (1+0.08)*100000

x >= %28%281%2B0.08%29%2A100000%29%2F0.08 = 1350000.

Answer.  Having  $1,350,000 or more initially on the account provides the sough condition.

Answer 2

Answer:

$26421.76

Step-by-step explanation:

We have to calculate final value i.e. balance to earn $50,000 annually from interest.

[tex]= \dfrac{50,000}{0.08} = \$625,000[/tex]

Now, N = n × y  = 12 × 25 = 300

        I  = 8% =  APR = 0.08

       PV = 0  = PMT = 0

      FV = 625,000 = A

[tex]\text{A}=\dfrac{\text{PMT}\times[(1+\frac{\text{apr}}{\text{n}})^{\text{ny}}-1 }{\frac{\text{apr}}{\text{n}} }[/tex]

[tex]\text{PMT}=\dfrac{\text{A}\times(\frac{\text{APR}}{\text{n}}) }{[(1+\frac{\text{APR}}{\text{n}})^{\text{ny}}-1 }[/tex]

[tex]\text{PMT}=\dfrac{625,000\times(\frac{0.08}{12}) }{[(1+\frac{0.08}{12})^{12\times25}-1] }[/tex]

[tex]\text{PMT}=\dfrac{625,000\times(0.006667) }{[(1+\frac{0.08}{12})^{12\times25}-1] }[/tex]  

[tex]\text{PMT}=\dfrac{625,000\times(0.006667) }{[(1+0.006667)^{300}-1] }[/tex]

[tex]\text{PMT}=\dfrac{\frac{33335}{8} }{[1.006667^{300}-1]}[/tex]

[tex]\text{PMT}=\dfrac{\frac{33335}{8} }{6.34090515}[/tex]

Monthly payment (PMT) = $26421.7591469 ≈ $26421.76

$26421.76 is required monthly payment in order to $50,000 interest.


Related Questions

What is the image of the point (-3 , 14) after a counterclockwise rotation about the origin through an angle of 90 degrees?

Answers

So the value of 14 is now negative 14. Notice that if the original -coordinate was already negative, then it would change to be a positive value. And that's the answer for the image of the point negative three, 14 after a rotation of 90 degrees about the origin. It's the coordinates negative 14, negative three.

Your grandfather invested a lump sum 18 years ago at 5% interest. Today, he gave you the proceeds of that investment, which amounted to R6 649,93 in total. How much did your grandfather originally invest?

Answers

The lumpsum amount invested in 18 years ago for the given value Future value and interest is = Rs 2763,18.3268

What about lumpsum?

In mathematics, a lump sum refers to a single, fixed amount of money or quantity of something that is paid or received all at once, rather than being paid or received in installments or over a period of time.

The term "lump sum" can be used in various mathematical contexts, such as in finance, where it can refer to a single payment or investment, or in statistics, where it can refer to a single value or data point.

Define future value:

In mathematics, future value (FV) refers to the value of an investment or cash flow at a specified date in the future, assuming a certain rate of return.

The future value of an investment is the amount of money that an investor would expect to have at a specified date in the future if they were to invest a certain amount of money today, and if that investment earns a certain rate of return over time.

⇒ The formula for calculating the future value of an investment is:

[tex]FV = PV x (1 + r)^n[/tex]

According to the given information:

Interest Rate = 5%

Time Period =  18 years

Future Value = Rs 6649,93.

Using the concept of TVM calculation we have that,

Present value = [tex]\frac{Future Value}{(1+r)^{t} }[/tex]

So, the Present Value = [tex]\frac{664993}{(1+0.05)^{18} } = 2763,18.3268[/tex]

Hence, the Lumpsum Amount is Rs 2763,18.3268

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HELP! triangle JKL is similar to triangle MNO. Find OM. round your answer to the nearest tenth if necessary

Answers

The length of OM, given that the triangles are similar to each other, is calculated as: 14.4.

What are Similar Triangles?

Similar triangles are triangles that have the same shape but may have different sizes. They have the same angles, but the lengths of their sides are proportional. This means that corresponding sides of similar triangles are in proportion, and the ratio of their corresponding sides is constant.

Since triangle JKL is similar to triangle MNO, therefore:

JK/MN = JL/MO

Substitute:

5/24 = 3/x

Cross multiply:

5x = 72

5x/5 = 72/5

x = 14.4

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The line plot above shows the amount of olive oil, in ounces, used in 13 different pizza recipes. Isabella wants to make one pizza from each of the recipes. Will she have enough olive oil to make the pizzas if she buys a 16-ounce bottle of olive oil? Explain or show your reasoning.​

Answers

By adding all the numbers in the line plot, we conclude that she will have enough olive oil.

Will she have enough olive oil for the 13 recipes?

To check this, we just need to add the 13 numbers and see if it is more than 16.

Each point above the line plot means how many times that number will apear in our sum, then the sum will be:

(2*0 + 4*(4/8) + 3*(6/8) + 3*1 + (1 + 2/8))

Now we need to solve that:

(2*0 + 4*(4/8) + 3*(6/8) + 3*1 + (1 + 2/8))

= 2 + 9/4 + 3 + 1 + 1/4

= 2 + 3 + 1 + 9/4 + 1/4

= 6 + 10/4

= 6 + 8/4 + 2/4

= 6 + 2 + 1/2

= 8 + 1/2

That is the amount of ounces of oil that she needs for the 13 recipes, it is less than 16 ounces, so she will have enough oil.

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Ezra works two summer jobs to save for a laptop that costs at least $1100 he charges $15/hr to mow lawns and $10 an hour to walk dogs. Recall the inequality that represents this situation: 15x + 10y >_ 110

is (60,20) a solution? How do you know? What does this power represent?

Answers

Answer:

The inequality that represents this situation is 15x + 10y ≥ 1100, since Ezra needs to earn at least $1100 to buy the laptop.

To check if (60, 20) is a solution to this inequality, we need to substitute x = 60 and y = 20 into the inequality and see if it is true:

15(60) + 10(20) ≥ 1100

900 + 200 ≥ 1100

1100 ≥ 1100

Since 1100 ≥ 1100 is true, this means that (60, 20) is a solution to the inequality. This means that if Ezra works 60 hours mowing lawns and 20 hours walking dogs, he will earn enough money to buy the laptop.

The point (60, 20) represents the combination of hours worked for mowing lawns (x) and walking dogs (y) that will result in Ezra earning enough money to buy the laptop. The x and y values are the inputs or variables, while the inequality 15x + 10y ≥ 1100 is the constraint that must be satisfied. The solution (60, 20) is the output or result of the system of inequalities, and represents the combination of hours worked that will satisfy the constraint.

Mr. Valdez has $95 in his budget to buy paint brushes and
boxes of colored pencils. He will buy an equal number of
each art supply. The cost of each item is shown in the table.


The inequality 3n+ 5n at least 95 can be used to find the
number of each item that he can buy. How much money will
Mr. Valdez have left in the budget after buying the greatest
number of paint brushes and colored pencils?

Answers

Answer:

3n + 5n = 8n = 95

n = 11

$95 - $88 = $7

(11 paint brushes, 11 boxes of colored pencils)

Majesty Video Production Inc. wants the mean length of its advertisements to be 35 seconds. Assume the distribution of ad length follows the normal distribution with a population standard deviation of 2 seconds. Suppose we select a sample of 14 ads produced by Majesty.

Answers

a. The shape οf the distributiοn οf the sample mean time is nοrmal.

b. The standard error is 0.5345.

What is the standard deviatiοn?

Standard deviatiοn is: It is a measure οf hοw spread οut numbers are. It is the square rοοt οf the Variance, and the Variance is the average οf the squared differences frοm the Mean.

Given that:

μ =35

σ = 2

n = 14

a. The shape of the distribution of the sample mean time is normal.

b. To calculate the standard error of the mean time, we would apply this formula,

Standard error :

[tex]$ \rm SE = \frac{ \sigma}{\sqrt{(n)} }[/tex]

[tex]$ \rm SE = \frac{ 2}{\sqrt{(14)} }[/tex]

SE = 0.5345

Thus, the standard error is 0.5345.

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Complete question:

Majesty Videο Prοductiοn Inc. wants the mean length οf its advertisements tο be 30 secοnds. Assume the distributiοn οf ad length fοllοws the nοrmal distributiοn with a pοpulatiοn standard deviatiοn οf 2 secοnds. Suppοse we select a sample οf 16 ads prοduced by Majesty.

a. What can we say abοut the shape οf the distributiοn οf the sample mean time?

b. What is the standard error of the mean time?

A line passes through points
(8, - 2) and
(-5, 7). Which ratio can be used to determine the slope of the line?
7+2/
8+5
7-2/
-5-8
8+5/
-2+7
7+2/
-5-8

Answers

A ratio that can be used to determine the slope of this line include the following: D. [tex]\frac{7\;+\;2}{-5\;+\;-8}[/tex]

How to calculate the slope of a line?

In Mathematics and Geometry, the slope of any straight line can be determined by using the following mathematical equation;

Slope (m) = (Change in y-axis, Δy)/(Change in x-axis, Δx)

Slope (m) = rise/run

Slope (m) = (y₂ - y₁)/(x₂ - x₁)

By substituting the given data points into the slope formula, we have the following;

Slope (m) = (7 - (-2))/(-5 - 8)

Slope (m) = (7 + 2)/(-5 - 8) ⇒ (Required ratio)

Slope (m) = 9/-13

Slope (m) = -0.6923.

In this context, we can reasonably infer and logically deduce that the slope of this line is equal to -9/13 or -0.6923.

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Find the Volume of the rectangular prism

Answers

Answer:

421.875 ft³

Step-by-step explanation:

Since the length, width, and heigh are equal, this is a cube.

V = s³

V = (7.5 ft)³

V = 421.875 ft³

Answer:421.875 ft^3

Step-by-step explanation:

All I need to know is the answer to this problem so I can compare mine.

Answers

The measure of the angle A in the given right angled triangle is found as: A = 64.82°

Explain about the trigonometric functions?Angle functions are those of trigonometry. They are used to establish a connection between a triangle's angles and side lengths.The basic operations can be used to calculate the other two side lengths if you only have an angle and one side length. By considering the reciprocal of a primary functions, one can find the reciprocal functions.

Applying the sin function in the given right angled triangle.

Sin A = 77/85

Sin A = 0.905

A = Sin⁻¹ (0.905)

A = 64.82°

Thus, the measure of the angle A in the given right angled triangle is found as: A = 64.82°

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The ratio of boys to girls in a class is 4:5 a)What fraction of the class are boys b) what a fraction of the class are boys!

Answers

the fraction of the class that are boys is 4/9. And the fraction of the class that are girls is 5/9.

What is ratio?

A ratio is a comparison of two or more quantities that are related in some way. It expresses the relationship between these quantities in terms of the number of times one quantity contains another. Ratios are usually expressed as a fraction, where the numerator represents the first quantity and the denominator represents the second quantity. For example, the ratio of boys to girls in a class of 40 students may be expressed as 2:3 or 2/3, meaning there are 2 boys for every 3 girls. Ratios can also be expressed in other forms, such as percentages or decimals. Ratios are commonly used in mathematics, science, engineering, and everyday life to compare quantities and make predictions or decisions.

A fraction is a number that represents a part of a whole or a ratio of two quantities. It consists of two numbers, a numerator and a denominator, separated by a line. The numerator represents the number of parts being considered, while the denominator represents the total number of parts in the whole or in the comparison. Fractions are used in many areas, such as mathematics, science, engineering, cooking, and everyday life. They can be added, subtracted, multiplied, and divided, and can be converted to decimals or percentages.

a) The total ratio of boys to girls in the class is 4+5 = 9. Therefore, the fraction of the class that are boys is 4/9.

b) The question is unclear as it seems to be asking for the same answer as in part (a). If you meant to ask for the fraction of the class that are girls, you can use the same approach: the fraction of the class that are girls is 5/9.

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Find the volume of a cylinder with a diameter of 28 meters and a height of 4 and one half meters. Approximate using pi equals 22 over 7.

11,088 cubic meters
2,772 cubic meters
567 cubic meters
284 cubic meters

Answers

As a result, the cylinder's capacity is roughly 11,088 cubic metres.

In arithmetic, what is the radius?

The diameter of a circular is the distance measured through its middle. The radius of a circle is the distance to the middle to any spot on the edge. Diameter divided by radius equals two, or 2r=d. 2 r = d .

First, we need to find the radius of the cylinder. We know that the diameter is 28 meters, so the radius is half of that, which is 14 meters.

Using the formula for the volume of a cylinder, V = πr²h, we can now substitute the given values:

V = (22/7) x 14² x 4.5

Simplifying this expression:

V = (22/7) x 196 x 4.5

V = 11,088 cubic meters

Therefore, the volume of the cylinder is approximately 11,088 cubic meters.

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Fill in the table of value for the equation y = 2x + 1

Answers

Answer:

To fill in the table of values for the equation y = 2x + 1, we can choose different values of x and substitute them into the equation to find the corresponding values of y. For example:

x y

0 1

1 3

2 5

3 7

4 9

To get the value of y, we substitute each value of x into the equation and simplify:

When x = 0:

y = 2(0) + 1 = 1

When x = 1:

y = 2(1) + 1 = 3

When x = 2:

y = 2(2) + 1 = 5

When x = 3:

y = 2(3) + 1 = 7

When x = 4:

y = 2(4) + 1 = 9

Therefore, the table of values for the equation y = 2x + 1 is:

x y

0 1

1 3

2 5

3 7

4 9

Aniyah has 23 cups of oats in one container. She has 4 cups of oats another container. How many cups of cats does she have in total?​

Answers

Answer:

27 cups of oats

Step-by-step explanation:

23
+ 4=27

2 2/5 as an improper fraction in simplest form

Answers

Answer: 12/5

Step-by-step explanation:

Parts of similar triangles
Find x

Answers

In Δ PRQ, The value of the missing variable x is 4.8.

What is the triangle area formula?

Calculating the area οf a triangle. Use the fοrmula area = 1/2 * base * height tο calculate the area οf a triangle. Select a side tο serve as the base and calculate the triangle's height frοm that pοint.

Cοrrespοnding sides in similar triangles are prοpοrtiοnal. As a result, using the infοrmatiοn prοvided, we can calculate the fοllοwing prοpοrtiοn:

As Δ PQS ≅ Δ PRQ

Then according to CPCT

PQ ≅ PR

and

PS ≅ PQ

Then we have

7 ≅ 5+ x

5 ≅  7

Then

[tex]$ \frac{7}{5 + x} = \frac{5}{7}[/tex]

Cross multiply

[tex]$ \frac{7}{5 + x} = \frac{5}{7}[/tex]

7 × 7 = 5(5+ x)

49 = 25 + 5x

49 - 25 = 5x

24 = 5x

x = 24/5

x = 4.8

Thus, In Δ PRQ, The value of the missing variable x is 4.8.

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Complete question:

Parts of similar triangle are given as the Δ PQS ≅ Δ PRQ. Find the value of x.


Let the region R be the area enclosed by the function f(x) = ln (x) + 1 and
g(x)=x-1. If the region R is the base of a solid such that each cross section
perpendicular to the a-axis is a semi-circle with diameters extending through the
region R, find the volume of the solid. You may use a calculator and round to the
nearest thousandth.

Answers

The volume of the solid is 7.58 thousandths when rounded to the nearest thousandth.

What is area?

Area is a measure of the size of a given space or the amount of a given surface. It can be measured in square feet, square meters, acres, hectares, and other units. Area can be used to describe the size of a two-dimensional shape or the surface area of a three-dimensional object. Area can also be used to calculate the amount of material needed to cover a given space, such as for a roof, carpet, or other covering.

To find the volume of the solid, we will use the following formula:
V=∫baπ(y2−(x−1)2)dx

Where b is the upper bound of the integral, a is the lower bound of the integral and y is the height of the solid.

Since the region R is the base of the solid, we can set a = 0 and b = 2, since this is the x-value at which the two functions intersect. Additionally, we can set y = ln(x) + 1 since this is the height of the solid.

Therefore, the volume of the solid is:
V = ∫02π(ln(x)2 + 12 − (x−1)2)dx

Calculating the integral, we get:
V = [π(xln(x)2 + x − 2xln(x) − x + 1)]02

Substituting the bounds of the integral, we get:
V = [π(22ln(2)2 + 2 − 4ln(2) − 2 + 1)] − [π(02ln(0)2 + 0 − 2ln(0) − 0 + 1)]

Simplifying the equation, we get:
V = π(ln(2)2 + 1 − 2ln(2))

Finally, substituting the value of ln(2) into the equation, we get:
V = 3.14159 (2.386294 + 1 − 4.772188) ≈ 7.58 thousandths

Therefore, the volume of the solid is 7.58 thousandths when rounded to the nearest thousandth.

In conclusion, the volume of the solid whose base is the region R and each cross section perpendicular to the a-axis is a semicircle is 7.58 thousandths when rounded to the nearest thousandth. This was calculated by integrating the equation V=∫baπ(y2−(x−1)2)dx with the bounds of integration a=0 and b=2 and the height of the solid y=ln(x)+1.

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13) Two supplementary angles
are represented by 3y +10 and 2y+30 What are the measures of each angle?

Answers

Up to 180 degrees

Your Welcome

Pls help meee!!!
Anybody pls!!

Answers

Answer:

85 degrees.

Step-by-step explanation:

These are parallelograms, meaning the opposite sides are parallel. Since they are parallel, that the line EA becomes a transversal and a bisector for the angle CEK. That means the angle 8 and 3 are equivalent and 7 and 4 are equivalent. This is due to Same Side Interior Angles. These are two halves of the big angle. If the halves are equal, so are the angles. Therefore, CEK = CAK.

Identify the rate, base, and percent in each statement. Place them in
the correct columns to complete the table.
1) 25 is 25% of 100
2) 15 is 25% of 60
318 is 20% of 90
4) 18 is 30% of 60
5) 20% of 150 is 30
What it is rate?
What it is base?
What it is percentage?

Answers

Answer:

In each statement:

The rate is the percentage or ratio that relates the quantity being described to the base.

The base is the total quantity or amount that the rate is applied to.

The percent is the rate expressed as a percentage, or the part of the base that corresponds to the rate.

farmers marked 45 cows and released them next day counted 150 ,witch 15 had marks what is the estimated population

Answers

Answer:

450

Step-by-step explanation:

Jenna's Tea Shop has caffeinated tea and decaffeinated tea. The tea shop served 36 caffeinated teas and 39 decaffeinated teas. What percentage of the teas served were caffeinated?

Answers

According to the solution we have come to find that, 48% of the teas served were caffeinated.

What is percentage?

A percentage is a way of expressing a proportion or a fraction as a number out of 100. The symbol used for percentage is the "%" sign. For example, if you have 10 apples and you want to express how many of them are red, you can say that 20% (or 2 out of 10) of the apples are red.

To find the percentage of caffeinated teas served, we need to divide the number of caffeinated teas by the total number of teas served, and then multiply by 100 to get the answer as a percentage.

Total number of teas served = 36 + 39 = 75

Percentage of caffeinated teas served = (36/75) x 100%

                                                                = 48%

Therefore, 48% of the teas served were caffeinated.

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PLEASE HELP!!!

The figure below shows a triangular wooden frame ABC. The side AD of the frame has rotted and needs to be replaced:
What is the length of the wood that is needed to replace AD?

8.1 inches
6.2 inches
5.9 inches
7.4 inches

Answers

We need a piece of wood that is approximately 8.1 inches long to replace AD. So, the answer is option A.

Describe Triangle?

In geometry, a triangle is a three-sided polygon consisting of three line segments that connect three non-collinear points. These three points are called the vertices of the triangle, and the line segments connecting them are called sides. The sum of the angles of a triangle is always 180 degrees.

Triangles can be classified based on their sides and angles. A triangle with all three sides of equal length is called an equilateral triangle, while a triangle with two sides of equal length is called an isosceles triangle. A triangle with no sides of equal length is called a scalene triangle.

Triangles can also be classified based on their angles. A triangle with all three angles less than 90 degrees is called an acute triangle, while a triangle with one angle greater than 90 degrees is called an obtuse triangle. Finally, a triangle with one angle equal to 90 degrees is called a right triangle.

First, we can use trigonometry to find the length of side AC. Since angle BCD is 30 degrees and BC = 14, we have:

sin(30) = AC/14

AC = 14*sin(30)

AC = 7 inches

Next, we can use the fact that triangle ACD is a 15-75-90 triangle to find the length of AD. Since angle CAD is 75 degrees, we have:

tan(75) = AD/AC

AD = ACtan(75)

AD = 7tan(75)

Using a calculator, we get:

AD ≈ 8.09 inches

Therefore, we need a piece of wood that is approximately 8.1 inches long to replace AD. So, the answer is option A.

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Answer:

5.9

Step-by-step explanation:

segment BD was 8.1 so segment AD cant be 8.1

How many quarts of pure antifreeze must be added to 5 quarts of a ​10 % antifreeze solution to obtain a 30 ​% antifreeze​ solution?

Answers

According to the solving this algebra approximately 1.43 quarts of pure antifreeze to the initial 5 quarts of 10% antifreeze solution to obtain a 30% antifreeze solution.

what is algebra?

Mathematical operations are applied to abstract symbols rather than concrete numbers in the field of algebra, which also includes other formal manipulations. The area of mathematics known as geometry is concerned with the qualities of the space that objects are in as well as the shape of the objects themselves.

According to the given information:

Let Q be the number of quarts of pure antifreeze to be added.

Let 0.10(5) be the amount of antifreeze in the initial 5 quarts of the 10% antifreeze solution, which is 0.5 quarts.

To obtain a 30% antifreeze solution, the amount of antifreeze in the final solution should be 0.3(5+Q) quarts.

Since we are only adding pure antifreeze, the amount of antifreeze in the final solution will be the sum of the antifreeze in the initial solution and the antifreeze we add:

0.5 + Q = 0.3(5+Q)

Now we can solve for Q:

0.5 + Q = 1.5 + 0.3Q

0.7Q = 1

Q = 1/0.7

Q ≈ 1.43

Therefore, we need to add approximately 1.43 quarts of pure antifreeze to the initial 5 quarts of 10% antifreeze solution to obtain a 30% antifreeze solution.

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Part B: create your own cube root function.

Come up with the equation of 2 different cube root functions. None of these can be the parent function y=^3 squared root of x. For each, find the domain, range, x- and y-intercepts, and describe any transformation for each. Also, give the coordinates of 3 points that you known are on the function (coordinates must be exact values).

Answers

y = 4√(x + 2) - 1

y = -2√(x + 4) + 3

a punch bowl has a capacity of 8 quarts. a recipe fills the bowl 3/4 full.how many quarts does the recipe make

Answers

Therefore , the solution of the given problem of unitary method comes out to be yields 6 quarts of punch as a result.

An unitary method is what?

This common convenience, already-existing variables, or all important elements from the original Diocesan customizable survey that followed a particular event methodology can all be used to achieve the goal. If it does, there will be another chance to get in touch with the entity. If it doesn't, each of the crucial elements of a term proof outcome will surely be lost.

Here,

The quantity of punch produced by the recipe is:

If the punch bowl has an 8-quart capacity and the recipe fills it 3/4 full.

=> 6 pints =  8 * 3/4.

The formula yields 6 quarts of punch as a result.

Therefore , the solution of the given problem of unitary method comes out to be yields 6 quarts of punch as a result.

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Isabella and her children went into a restaurant and will buy drinks
and tacos. Each drink costs $2.75 and each taco costs $2. Isabella has a
total of $40 to spend on drinks and tacos. Write an inequality that
would represent the possible values for the number of drinks
purchased, d, and the number of tacos purchased, t.

Answers

Answer:

2.75d+2t <= 40

Step-by-step explanation:

i may be wrong but I tried

3 Reflect How is solving an inequality where the variable has a negative coefficient similar to solving an inequality where the variable has a positive coefficient? How is it different?​

Answers

The variable term can be added to both sides to solve an inequality with a positive coefficient when it is solved with a negative coefficient.

What is inequality?

In mathematics, inequalities specify the connection between two non-equal values. Equal does not imply inequality. Typically, we use the "not equal symbol (≠)" to indicate that two values are not equivalent. But various inequalities are used to compare the values, whether it is less than or larger than.

What is a coefficient?

A coefficient in mathematics is a multiplicative component in a polynomial term, a series term, or an expression. It is typically a number, but it can also be any expression. When the coefficients are themselves variables, they may also be termed parameters.

Recognize that the variable term can be added to both sides to solve an inequality with a positive coefficient when it is solved with a negative coefficient; in this instance, the relationship between the variable and the inequality symbol has flipped.

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If you were to travel 6 miles, and catch a train and traveled 8 miles, how many miles have you traveled?

Answers

Answer:

The answer would be 14 miles!

The answer would be 14 miles

Make calculations for a 5-year loan of $20,000 with an annual interest rate of 6% compounded monthly. Calculate the balance owed if the loan had to be paid in full at the end of the 5-year period, and no monthly payments were required.

Answers

Answer: $28,383.68.

Step-by-step explanation:

The first step is to determine the number of monthly payments over the 5-year period, which is 5 years x 12 months/year = 60 months.

Next, we can use the formula for the future value of an annuity, which is:

FV = P * ((1 + r/n)^(n*t) - 1) / (r/n)

where:

FV is the future value of the loan (the amount owed at the end of the 5-year period)

P is the initial principal amount ($20,000 in this case)

r is the annual interest rate (6%)

n is the number of compounding periods per year (12 for monthly compounding)

t is the total number of years (5)

Plugging in these values, we get:

FV = $20,000 * ((1 + 0.06/12)^(12*5) - 1) / (0.06/12)

FV = $28,383.68

Therefore, the balance owed at the end of the 5-year period would be $28,383.68.

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