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rosijanka [135]
2 years ago
7

Bob wants to take his wife, Mary, to Europe in three years to commemorate their 40th wedding anniversary. He recently received a

$25,000 inheritance from an uncle, which he plans to put towards the trip. Bill calculates that the trip will cost $30,000 and that he can earn 6% yearly compound interest on his investment. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1, FVAD of $1, FVAD of $1, FVAD of $1, FVAD of $1, FVAD of $1, FVAD of $1, FVAD of $1, F (From the tables provided, select the appropriate factor(s).)
To calculate the future value, fill out the table below. Will he be able to pay for the trip with the money he has saved up? (Round up your totals to the nearest whole dollar amount.)
Mathematics
1 answer:
svetlana [45]2 years ago
3 0

Answer:

10%

Explanation:

Use future value formula

Future Value =  Present Value ((1+r)^n)

26,600 =  20,000 ((1+r)^3

26,600/20,000 = (1+r)^3

1.33 = (1+r)^3

1.33^1/3 = 1+r

1.0997 = 1+r

1.0997 - 1 = r

r = 0.997 = 9.97% = 10% (rounded of to the nearest whole percentage)

(pls give brainliest)

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find the slope of the curve y=x^2-2x-5 at the point P(2,5) by finding the limit of secant slopes through point P
Fynjy0 [20]

The point (2, 5) is not on the curve; probably you meant to say (2, -5)?

Consider an arbitrary point Q on the curve to the right of P, (t,y(t))=(t,t^2-2t-5), where t>2. The slope of the secant line through P and Q is given by the difference quotient,

\dfrac{(t^2-2t-5)-(-5)}{t-2}=\dfrac{t^2-2t}{t-2}=\dfrac{t(t-2)}{t-2}=t

where we are allowed to simplify because t\neq2.

Then the equation of the secant line is

y-(-5)=t(x-2)\implies y=t(x-2)-5

Taking the limit as t\to2, we have

\displaystyle\lim_{t\to2}t(x-2)-5=2(x-2)-5=2x-9

so the slope of the line tangent to the curve at P as slope 2.

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4 0
3 years ago
A national business magazine reports that the mean age of retirement for women executives is 61.7. A women’s rights organization
Marina CMI [18]

Answer:

The calculated value |Z| = |-2.0375| = 2.0375<2.0541.96 at 0.02 level of significance

A women’s rights organization believes that the average value does not accurately depict the current trend in retirement.

Step-by-step explanation:

<u><em>Step(i):-</em></u>

Given that the mean age of retirement for women, executives is 61.7

Given mean of the Population = 61.7

Given that the size of the sample 'n' = 82

Given that the mean of sample x⁻ = 60.8

Given that the standard deviation  'σ' = 4.0years

<u><em>Step(ii):-</em></u>

Null hypothesis:H₀: μ ≠ 61.7

Alternative Hypothesis: H₁: μ = 61.7

Test statistic

    Z = \frac{x^{-} -mean}{\frac{S.D}{\sqrt{n} } }

   Z = \frac{60.8-61.7}{\frac{4.0}{\sqrt{82} } }

  Z =  -2.0375

|Z| = |-2.0375| = 2.0375< 2.054 at 0.02 level of significance

<u><em>Final answer:-</em></u>

The calculated value |Z| = |-2.0375| = 2.0375 <2.054 at 0.02 level of significance

A women’s rights organization believes that the average value does not accurately depict the current trend in retirement.

   

7 0
3 years ago
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