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3 years ago

5

Janine opens a savings account with a deposit of $720. The account pays 3.4% interest, compounded daily. What is the first day's

interest? Round to the nearest cent.

1 answer:

scoray [572]3 years ago

6 0

The first days interest is $24.48

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Find the value of annuity if the periodic deposit is $1500 at 8% compounded semiannually for 22 years

Jet001 [13]

Answer:

The value of annuity is $P_v = \$ 32058$

Step-by-step explanation:

From the question we are told that

The periodic payment is $P = \$ 1500$

The interest rate is $r = 8\% = 0.08$

Frequency at which it occurs in a year is n = 2 (semi-annually )

The number of years is $t = 22 \ years$

The value of the annuity is mathematically represented as

$P_v = P * [1 - (1 + \frac{r}{n} )^{-t * n} ] * [\frac{(1 + \frac{r}{n} )}{ \frac{r}{n} } ]$ (reference EDUCBA website)

substituting values

$P_v = 1500 * [1 - (1 + \frac{0.08}{2} )^{-22 * 2} ] * [\frac{(1 + \frac{0.08}{2} )}{ \frac{0.08}{2} } ]$

$P_v = 1500 * [1 - (1.04 )^{-44} ] * [\frac{(1.04 )}{0.04} ]$

$P_v = 1500 * [1 - 0.178 ] * [\frac{(1.04 )}{0.04} ]$

$P_v = \$ 32058$

8 0

3 years ago

an outdoor swimming pool costs $9 per day to visit during the summer. there is also a $25 yearly registration fee. is the total

jolli1 [7]

Answer:

No

Step-by-step explanation:

cost=25+8d

To be proportional you'd have to have no flat fee: cost=8d

1 day = $8

2 days = $16

5 days = $40

10 days = $80, etc.

I hope I helped.

3 0

3 years ago

Read 2 more answers

Harmonee walks 3/4 of a mile to the store. As she walks, she stops every 1/4 mile to take a sip from her water bottle. How many

aleksley [76]

She stop 3 times....

5 0

3 years ago

Can somebody help me ill give brainliest

kvasek [131]

Answer:

Step-by-step explanation:

just take the numbers or letters in the middle subtract those numbers then divide it by 2

5 0

3 years ago

The first five terms of a pattern are shown.

Andrej [43]

Answer:

C

Step-by-step explanation:

There is a common ratio between consecutive term in the sequence, that is

$\frac{3}{10}$ ÷ $\frac{3}{100}$ = 3 ÷ $\frac{3}{10}$ = 30 ÷ 3 = 300 ÷ 30 = 10

This indicates the sequence is geometric with n th term

$a_{n}$ = a $(r)^{n-1}$

where a is the first term and r the common ratio

Here a = $\frac{3}{100}$ and r = 10 , thus

$a_{n}$ = $\frac{3}{100}$ $(10)^{n-1}$

= $\frac{3}{10^{2} }$ × $10^{n-1}$

= 3 × $10^{-2}$ × $10^{n-1}$

= 3 × $10^{n-3}$

Thus

$a_{n}$ = 3 $(10)^{n-3}$ → C

6 0

4 years ago