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nekit [7.7K]
2 years ago
14

Adam wishes to have $19,000 available in 18 years to purchase a new car for his son as a gift for his high school graduation. To

accomplish this goal, how much should Adam invest now in a CD that pays 1.92% interest compounded semiannually? Adam should invest $ NOW. (Round to the nearest cent as needed.)​
Mathematics
1 answer:
Alborosie2 years ago
6 0

The amount of money Adam should save now in order to accomplish his goal is $13,470.30.

<h3>How much should Adam save now?</h3>

In order to determine the amount Adam should save now, the present valaue of $19,000 has to be determined. Present value is the sum of discounted cash flows.

Present value = future value / (1 + interest)^time

Interest = 1.92/2 = 0.96%

Time = 18 x 2 = 36

$19,000 / (1.0096^36) = $13,470.30

To learn more about present value, please check: brainly.com/question/26537392

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Murljashka [212]

The answer is D. -24 - 49i/13

4 0
3 years ago
A cable 19 m long runs from the top of a utility pole to a point on the ground 10 m from the base of the pole. How tall is the u
Leviafan [203]

Answer:

16.2 m

Step-by-step explanation:

First, we can draw a picture. The cable goes from the top of the pole to the ground (with the pole on the right in my drawing), and the point on the ground is 10 m away from the base of the pole. This forms a right triangle, with the right angle being between the 10 m distance and the pole itself. We can then apply the Pythagorean Theorem, so

a²+b²=c², with c being the side opposite the right angle (the cable), getting us

10²+(length of pole)² = 19²

19²-10²=(length of pole)²

= 261

square root both sides to isolate the length of the pole

length of pole ≈ 16.2 m

5 0
3 years ago
PLZ HURRY IT'S URGENT!!
DIA [1.3K]

Answer:

42 and 63

Step-by-step explanation:

I think you mean the ratio is 2/3 instead of 23

Then the answer is 42/63 = (2 x 21) / ( 3 x 21) = 2/3

3 0
3 years ago
A football stadium splits ticket sales in ratio of 3 : 4 between the away team and the home team. The home team make £36,000. Wh
Naddika [18.5K]
<h3>Answer is 63,000 pounds</h3>

The ratio 3:4 means for every 3 pounds made in away team tickets versus home team tickets. Multiply both sides by 9000 to have that 4 turn into 36000. The ratio 3:4 will then turn into 27000:36000

With this new ratio, we see that the away team pulls in 27000 and the home team pulls in 36000. Add the two amounts to get the final answer

27000+36000 = 63000

------------

We could alternatively add 3 and 4 (from the ratio 3:4) to get 3+4 = 7. Then multiply by that same scale factor 9000 getting 9000*7 = 63000.

5 0
3 years ago
Equation: y=x^2+3x-4 solve for Y in vertex form
tekilochka [14]

Answer:

y = (x + 1.5)^2 + 1.75.

Step-by-step explanation:

y = x^2 + 3x - 4

Completing the square:-

y = (x + 1.5)^2 - (1.5)^2 - 4

y = (x + 1.5)^2  - 2.25 + 4

y = (x + 1.5)^2 + 1.75   (answer).

3 0
3 years ago
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