The sales tax in Don’s county is 7.75%. A neighboring county has a sales tax of 7.25%. How much will Don save on a $399 computer
1 answer:
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Answer:
- <u>The rate of return is 8.15%</u>
- <u>This is a good investment</u>
<u></u>
Explanation:
For the first question, you need to find the rate that makes the present value of a stream of ten constant annual payments of $15,000 equal to the $100,000 investment.
The formula that returns the present value of a constant payment is called the annuity formula and is:
In your problem you know:
- Present value: $100,000
- payment: $15,000
- r: ?
- t: 10
You cannot solve for r directly. You must guess a value and calculate the right side of the equation until to you find the rate that makes it equal to 100,000.
Try 5%:
Then, the rate of return is greater than 5%. After several trials you will find that the rate of return is 8.15%.
Since this rate is higher than 8%, which is what the company requires, this is a good investment.
Answer: See Explanation
Step-by-step explanation:
This worksheet seems to be about "Special Right Triangles"
In this worksheet, it instructs you to find the missing side lengths.
Explaining number 1)
Step 1) Identifying the triangle and what it means
Since the triangle in number one is a 45-45-90 triangle with the given side length of "1" on one of the legs of the triangle, it can be concluded that the other leg also has a side length of "1" (due to the ratio of side on a 45-45-90 degree triangle), is also states the triangle has 45 degrees labeled on one of the angles, is can also be concluded that the other missing angle is 45 degrees.
Step 2) Answer
The answer to b is 1 and the answer to a is square root of 2, due to the properties of a 45 45 90 triangle (refer attachment)
*you can also use the following attachment to help you on this problem
