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3 years ago

Two equations are given below: m + 4n = 8 m = n - 2 What is the Solution ?

1 answer:

7 0

M+4n=8
m=n-2
we see that m=n-2
so we can subsitute 'n-2' for m in the first equation
(n-2)+4n=8
n-2+4n=8
5n-2=8
add 2 to both sides
5n=10
divide by 5
n=2
subsitute
n=2
m=n-2
m=2-2
m=0

m=0
n=2

the answer is c. 0,2

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How Much Have I Saved? Portfolio

avanturin [10]

The time value of money calculation can be performed using formula equations or online calculators.

The correct responses are;

1) Option 3

2) Option 2

3) The difference in principal is approximately $8,000

The difference in interest earned is approximately $2,977.87

4) It is better to invest more money at the beginning of the 30 years

Reasons:

Option 1: Present value = 0

Amount invested per month, A = $25/month

The Annual Percentage Rate, APR, r = 3.25%

Number of years = 30

The future value of an annuity is given by the formula;

$\displaystyle FV_{A} = \mathbf{A \cdot \left (\frac{ \left(1 + \frac{r}{m} \right)^{m\cdot t} - 1}{\frac{r}{m} } \right)}$

In option 1, m = 12 periods per year

Therefore;

$\displaystyle FV_{A} = 25 \times \left (\frac{ \left(1 + \frac{0.0325}{12} \right)^{12 \times 30} - 1}{\frac{0.0325}{12} } \right) \approx \mathbf{15,209.3}$

Contribution = $25 × 12 × 30 = $9,000

Total interest earned = $15,209.3 - $9,000 = $6,209.3

Final balance = $15,209.3

Option 2: Present value = 0

Amount, A = $75/quarter

m = 4 periods per year

The Annual Percentage Rate, APR = 4.00%

Therefore;

The effective interest rate is therefore;

$\displaystyle r_{eff} = \left(1 + \frac{0.04}{4} \right)^4 - 1 \approx \mathbf{0.04060401}$

$\displaystyle FV_{A} = 75 \times \left (\frac{ \left(1 + \frac{0.04060401}{4} \right)^{4 \times 30} - 1}{\frac{0.04060401}{4} } \right) \approx 17,437.7$

Using an online calculator, FV = $17,467.04

Contribution = $75 × 4 × 30 = $9,000

Total interest earned = $17,467.04 - $9,000 = $8,467.04

Final balance = $17,467.04

Option 3: Present value = $1,000

APR = 6.25%

m = 12 period per year

Number of years, t = 30 years

Therefore;

$\displaystyle FV = \left (1 + \frac{0.0625}{12} \right)^{12 \times 30} \approx \mathbf{6,489.17}$

Contribution = $1,000

Total interest earned = $6,489.17 - $1,000 = $5,489.17

Final balance = $6,489.17

The table of values is therefore;

$\begin{tabular}{|c|c|c|c|}Option \# &Contribution &Total Interest Earned&Final Balance\\1&\$9,000&\$6,209.3 & \$15,209.3\\2&\$9,000&\$8,467.04 &\$17,467.04\\3&\$1,000&\$5,489.17&\$6,489.17\end{array}\right]$

1) The option that has the least amount invested are option 3

Option 3 investment plan is a present value of $1,000, invested for 30 years at 6.25% APR compounded monthly.

2) Option 2 yielded the highest amount at the end of 30 years, given that the APR is higher than the APR for option 1, although the amount invested over the period are the same.

The basis of option 2 investment plan is $75 invested quarterly at 4.00% APR compounded monthly for 30 years.

3) The difference in the principal invested for the highest and lowest final balance is $9,000 - $1,000 = $8,000

The difference in the interest earned is; $8,467.04 - $5,489.17 = $2,977.87

4) In option 1 the present value is zero, therefore zero amount was invested at the beginning.

The interest to investment ration is 6,209.3:9,000 ≈ 0.7:1

In option 3, all the money was invested at the beginning.

The interest to investment ratio of option 3 is; 5,489.17:1,000 ≈ 5.5:1

Given that the interest to investment ratio, which is the return on investment is larger when more money is saved at the beginning as in option 3, it is better to invest more money at the beginning.

Learn more about future value of an annuity here:

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2 years ago

A drinks factory packed their drinks into red and yellow boxes. There were 24 more red boxes than yellow boxes. Each red box con

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Answer:

A) 128

B) 7800

Step-by-step explanation:

Trial and error until I got to 75 x 104 and 60 x 128 (which abides by the fact that there has to be 24 more red boxes) which equals 7800 and 7680 and if you take them away from each other you get 120

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2 years ago

pens and pencils are sold in a shop. 12 pencils cost £1.80. the ratio of the cost of a pen to the cost of a pencil is 7: 3. work

luda_lava [24]

Answer:

£2.10

Step-by-step explanation:

1.80 divided by .12 = .15

.15 times 7 = 1.05

1.05 divided by 3 = .35

.35 times 5 = 2.10

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3 years ago

A market research team compiled the following discrete probability distribution, where X represents the number of automobiles ow

rodikova [14]

Answer:

The standard deviation of X is 0.7

Step-by-step explanation:

We are given the following distribution:

x: 0 1 2 3

P(x): 0.3 0.5 0.2 0.4

We have to find the standard deviation of X.

Formula:

$E(x) = \displaystyle\sum x_iP(x_i)\\\\E(x) =0(0.3) + 1(0.5) + 2(0.2) + 3(0.4)\\\\E(x) = 2.1\\\\E(x^2) = \displaystyle\sum x_i^2P(x_i)\\\\E(x^2) =0(0.3) + 1(0.5) + 4(0.2) + 9(0.4)\\\\E(x^2) = 4.9\\\\Var(x) = E(x^2) - (E(x))^2 = 4.9-(2.1)^2 = 0.49\\\\\sigma(x) = \sqrt{Var(x)} =\sqrt{0.49} = 0.7$

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3 years ago

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Answer:

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