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Viktor [21]
2 years ago
7

You want to buy a new car, but you don’t want to have a huge car loan payment every month, so you want to pay half of the $24,00

0 cost. How much money would you need to save each month at 2% annual interest compounded monthly to have $12,000 in the account after 2 years?
Mathematics
1 answer:
Sindrei [870]2 years ago
5 0

The amount I would need to save each month is $500.29.

<h3>How much should I save each month?</h3>

The formula that can be used to determine the amount I should save each month is : future value / annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

Where:

  • r = interest rate = 2% / 12 = 0.17%
  • n = number of years = 2 x 12 = 24

Annuity factor =[ (1.0017)^(12 x 2) ] - 1 / 0.0017 = 23.99

Monthly savings = 12,000 / 23.99 = $500.29

To learn more about annuities, please check: brainly.com/question/24108530

#SPJ1

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Can someone explain me how do i do (ii)?
Varvara68 [4.7K]

Answer:

(only ii right?)

Since we have the total number is 360° and our section is 72°, we know that the percentage of students who choose the cinema should be the number that we have divided to the total amount and then multiply the result by 100 ( it's fine if you write 100%, but when you actually calculate it, it's only 100, not 100%):

(72/360) . 100 = 20%

6 0
4 years ago
Which of the following is the equation of a line that has a slope of -2 and passes through the
KATRIN_1 [288]

Answer:

B. y = -2x + 8

Step-by-step explanation:

So the slope is the number that comes before the x, and if the slope is -2, that means the number before is -2, and it is.

And to know if it goes through (1, 6), put those numbers into the equation and see if they match up (x is the y-intercept)

6 = -2(1) + x

6 = -2 + x

x = 8

The one with both of these is B, which means B is the answer

3 0
3 years ago
Read 2 more answers
If x+y=10 and x-y=4,find the value of x*x-y*y
Irina18 [472]
Hi,
x^2-y^2=(x+y)*(x-y)=10*4=40
6 0
3 years ago
Pls answer ASAP
ololo11 [35]

The rephrased statement for Kun's proof is: A. In quadrilateral ABCD, if AB ≅ DC & AD ≅ BC, then AB║DC & AD║BC.

<h3>What is a Parallelogram?</h3>

A parallelogram is a quadrilateral that has two opposite sides that are congruent to each other and are also parallel to each other.

This means that if two pairs of opposite sides of a quadrilateral are congruent and parallel, then it is a parallelogram.

Rephrasing Kun's statement in his proof will therefore be: A. In quadrilateral ABCD, if AB ≅ DC & AD ≅ BC, then AB║DC & AD║BC.

Learn more about a parallelogram on:

brainly.com/question/12167853

#SPJ1

8 0
2 years ago
the radius of the curvature is 10ft and the height of the segment is 2ft whatthe length of the chord ? a.10ft, b.15, c.7.5 ,d.12
arsen [322]
Radius of curvature = 10'
Diameter of circle = 2 * 10' = 20'
height of segment = 2'
Let semi-chord be x.
Then by the intersecting chord property,
2*(20-2)=x^2
x^2=36
x=sqrt(36)=6
=>
chord=2x=2*6=12'
3 0
3 years ago
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