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boyakko [2]
3 years ago
6

Calculate the present value. (Round your answer to two decimal places.)

Mathematics
1 answer:
valentinak56 [21]3 years ago
8 0

Answer:

Step-by-step explanation:

Present value formula;

(PV) = \frac{FV}{(1+r)^{n} }

FV= Future amount (A) = $30,000

r = interest rate; monthly rate in this case = 7% / 12 = 0.5833%  or 0.005833 as a decimal

n= total duration of investment (in months) in this case= 7*12 = 84 months

Next, plug in the numbers into the formula;

PV = \frac{30,000}{(1.005833)^{84} } \\ \\ =\frac{30,000}{1.62994868}

=18,405.48747

Therefore present value rounded to 2 decimal places = $18,405.49

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Rachel is collecting donations for the local animal shelter. So far she has collected , which is of what she hopes to collect. H
Rudiy27

Answer:

The money Rachael plan to collect for the shelter is <u>$345</u>.

Step-by-step explanation:

<u><em>There are some data missing in the question, so below is the complete question:</em></u>

Rachel is collecting donations for the local animal shelter. So far she has collected $245, which is 70% of what she hopes to collect. How much money does Rachel plan to collect for the shelter?

Now, to find the money Rachael plan to collect for the shelter.

Let the total money Rachael plan to collect be x.

The amount far she has collected = $245.

Percentage of amount she hopes to collect = 70%.

Now, to get the total money Rachael plan to collect:

70\%\ of\ x=245

\frac{70}{100} \times x=245

0.70x=245

<em>Dividing both sides by 0.70 we get:</em>

x=\$345.

Therefore, the money Rachael plan to collect for the shelter is $345.

8 0
3 years ago
Jimmy invests $2500 in an account with a 5% interest rate, making no other deposits or withdrawals. What will Jimmy’s account ba
Alik [6]

Answer:

We conclude that the total amount accrued, principal plus interest,  from compound interest on an original principal of  $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.

Step-by-step explanation:

Given

Principle P = $2500

Interest rate r = 5% = 0.05

Time period t = 8 years

To determine

Accrue Amount A = ?

Using the compound interest equation

A\:=\:P\left(1\:+\:\frac{r}{n}\right)^{nt}

where:

A represents the Accrue Amount

P represents the Principal Amount

r represents the interest rate

t represents the time period in years

n represents the number of compounding periods per unit t

Important tip:

  • Given that the interest is compounded 6 times each year, therefore, the value of n = 6.

now substituting P = 2500, r = 0.05, t = 8 and n = 6 in the equation

A\:=\:P\left(1\:+\:\frac{r}{n}\right)^{nt}

A=2500\left(1+\frac{0.05}{6}\right)^{\left(6\right)\left(8\right)}

\:A=2500\left(1+\frac{0.05}{6}\right)^{48}

A=2500\times 1.48935      ∵  \left(1+\frac{0.05}{6}\right)^{48\:\:}=1.48935

A=\:3723.38 $

Therefore, we conclude that the total amount accrued, principal plus interest,  from compound interest on an original principal of  $2500 at a rate of 5% per year compounded 6 times per year over 8 years is $3723.38.

8 0
2 years ago
Multiply the expression 2(x+1)(2x-5)
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This gives you the answer, look at it tells you how to solve this and get your answer

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m∠3 is (3x + 4)° and m∠5 is (2x + 11)°. Angles 3 and 5 are . The equation can be used to solve for x. m∠5 = °
ratelena [41]

I just did this question!

Answers:

1) <em>same side interior angles</em>

2) (3x+4)+(2x+11) = 180

3) 77


7 0
3 years ago
Read 2 more answers
GIVING BRAINILEST-
Nutka1998 [239]

Answer:

To construct a dilation, we need the center of dilation, which is the point from which we make the image smaller or larger. We also need a scale factor, which is the number that determines how large or small we are making the new image. If the scale factor is greater than 1, we have an enlargement, because the new image will be larger than the original image. If the scale factor is less than 1, we have a reduction because the new image will be smaller than the original image.

Enlargement

Step-1

Let's dilate triangle PQR by a scale factor of 2 with a center of dilation at point C.

Step-2

First, we will use a straightedge to connect the center of dilation C to each vertex. We are going to extend those lines across the whole page.

Step-3

Next, we'll place the point of the compass on the center of dilation C and the pencil on vertex Q and measure that distance.

Step-4

Now, without changing the size of the compass, we will move the point of the compass to vertex Q, and make a mark on the line that is extended through Q.

Step-5

Notice that since we measured the distance from C to Q and then used that same distance to mark the line, we have now created a new point that is twice the distance from C that Q was.

We now repeat the process for each of the other vertices of the triangle.

Step-6

These marks represent the vertices of our dilated image. We often use the same letters with an apostrophe to show that it is the corresponding vertex.

Step-7

Finally, we use the straightedge to connect all of the new vertices.

Now,See how triangle P

′

Q

′

R

′

is twice the size of the original triangle.

Reduction

Step-1

Given triangle PQR, now let's dilate the image with a center of dilation at C and with a scale factor of

2

1

Step-2

Using the straightedge, we will connect all of the vertices to the center of dilation C. In this case, since our scale factor is less than 1, we are reducing the size of the triangle.

Step-3

The green lines are the new lines that we have drawn.

Since we have to reduce the size of the triangle by half, we want to cut the distance in half from each vertex to the center of dilation. In order to do this, we will set our compass to a distance that is more than halfway between vertex P and point C but less than the total distance.

Step-4

Keeping the compass at that same distance, start with the point of the compass on vertex P, then draw a curve that intersects the line between P and C. Next, keeping the compass at the same distance, place the point of the compass on C and draw a curve that intersects the line between P and C and intersects the previously drawn curve.

Step-5

Now, we will take the straightedge and connect the points where the curves overlap.

4 0
3 years ago
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