1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Radda [10]
2 years ago
12

4. 10. 4 Test (CST):

Mathematics
2 answers:
kompoz [17]2 years ago
4 0

Based on the value of the annuity, the amount it earns, and the compounding period, the money paid to Nathan each month will be B. $5,840.62.

<h3>How much will Nathan be paid monthly?</h3>

The amount Nathan will be paid is an annuity because it is constant.

First find the monthly interest and the compounding period in months:
= 4.8/12 months

= 0.4%

Number of compounding periods:

= 20 x 12

= 240 months

The monthly payment is:

Present value of annuity = Annuity x ( 1 - (1 + rate) ^ -number of periods) / rate

900,000 = A x ( 1 - (1 + 0.4%)⁻²⁴⁰) / 0.375%

900,000 = A  x 154.0932

A = 900,000 / 154.0932

= $5,840.62.

Find out more on the present value of an annuity at brainly.com/question/25792915.

#SPJ1

Ivenika [448]2 years ago
3 0

If APR is compounded monthly for a period of 20 years. The amount of money that Nathan will be paid each month is: B. $5,840. 62.

<h3 /><h3>Monthly payment</h3>

Using the formula

PMT=PV÷[(1-(1+r/k)^(-kn))÷(r/k)]

Where:

Present value (pv)=$900,000

Interest rate (r)=4.8% or 0.048

Number of month (k)=12 months

Number of years (n)= 20 years

Let plug in the formula

PMT=900,000÷[(1−(1+0.048÷12)^(-12×20))÷(0.048÷12)]

PMT=900,000÷[(1−(1.004)^(-240))÷(0.004)]

PMT=900,000÷154.093

PMT=$5,840.62

Therefore the amount of money that Nathan will be paid each month is: B. $5,840. 62.

<h3 />

Learn more about monthly payment here:brainly.com/question/10042577

#SPJ1

You might be interested in
Find the percent of error if the estimate is $230 and the actual amount is $245. round to the nearest whole percent.
qwelly [4]

Percentage error = 245-230/245 * 100 = 15/245 * 100 = 6.12%

After rounding off, it would be 6%

5 0
3 years ago
How would I do this with working ?
san4es73 [151]

You Just want to get Fahrenheit alone on one side of the equal sign. Your  teacher forgot to use parenthesis. The correct equation for Celsius to Fahrenheit is: C= \frac{5}{9} (F-32)

Which will give you a completely different answer.... F = \frac{9}{5} C + 32

****

We will solve it using what is given:

C = (5/9)F - 32

C + 32 = (5/9)F

9(C + 32) = 5F

(9/5)(C + 32) = F

** If they mark you wrong, and try to say the answer is F = (9/5)C + 32 then they shouldn't be teaching math, and you should point out the fact there are no parenthesis around the F - 32 in the given formula.  

5 0
3 years ago
What is the midpoint of the segment (-2,4) and (6,-4)
liberstina [14]
To find midpoint, we find the average or median of the two x terms and the average of the two y terms to find the right coordinate point. In this case, the average of -2 and 6 is 2, and the mean of 4 and -4 is 0, so the new coordinate point is (2,0).
3 0
3 years ago
Read 2 more answers
16 POINTS!!! HELP ASAP
nadya68 [22]

Answer:

The answer is 358.01

Step-by-step explanation:

Given:

3\times 10^{2}+5\times 10^{1}+8\times 10^{0}+1\times \frac{1}{10^{2}}

Now, to solve first we crack the power notation then multiply and then do the addition:

3\times 100+5\times 10+8\times 1+1\times \frac{1}{100}

(The value of 10^{1} is 10 and the value of 10^{0} is 1.)

=300+50+8+\frac{1}{100}

=300+50+8+0.01

=358.01.

Therefore, the answer is 358.01 .

7 0
3 years ago
The perimeter of the hallway is 10 4/10 meters. What is the width, in meters, of the hallway?
Romashka [77]
So you have two of those--when you add those together, you get "seven and eight-tenths," or 7.8 The 2 shorter sides are what's left to still measure. If the total perimeter is 10.4, you get the shorter sides by: 10.4 - 7.8 = 2.6, but REMEMBER, the 2.6 is BOTH shorter sides added together, so each ONE of them is 1.3 SO... your hallway/rectangle is 3.9 meters on each long side, and 1.3 meters on each short side. i hope this helps you
4 0
3 years ago
Other questions:
  • Graph the line whose y-intercept is - 9 and whose x-intercept is 5.
    11·1 answer
  • Please!! I have to do this by tonight!!
    11·1 answer
  • An elevator at a hotel is descending as shown in the graph below.
    6·1 answer
  • What are the x- and y-intercepts of the graph of 3x+6y=12?
    8·1 answer
  • The data for three different relay race runners is represented below. Use the representations of each runner to determine which
    11·2 answers
  • I need help please ASAP
    10·1 answer
  • Solve for k 1.2k = 9.6
    15·1 answer
  • Which choice represents the simplified exponential expression? (11^-2)^7<br> 19 points!!!!
    7·1 answer
  • Help! I need help!!!
    14·1 answer
  • Help please i will give brainlest
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!