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drek231 [11]
3 years ago
9

Please let me know the correct answer.

Mathematics
1 answer:
NNADVOKAT [17]3 years ago
4 0

Set h to 640 and solve for t:

640 = -490t^2 + 1120t

Subtract 640 from both sides:

-490t^2 + 1120t - 640 = 0

The formula to solve a quadratic equation is:

x = -b -/+ sqrtroot (b^2-4ac)/(2a) where a = -490, b = 1120 and c = -640

Solve:

x = -1120 -/+ sqrtroot (1120^2-4(-490)(-640) )/ 2(-490)

x = 8/7 = 1.1428 = 1.14

Time was 1.14 seconds

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Estes Park Corp. pays a constant $6.95 dividend on its stock. The company will maintain this dividend for the next 12 years and
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The present value of an annuity of n periodic payments of P at r% where payment is made annually is given by:

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Thus, the current share price is given by:

Current \ share \ price=6.95 \left[\frac{1-(1+0.1)^{-12}}{0.1} \right] \\  \\ =6.95\left[\frac{1-(1.1)^{-12}}{0.1} \right] =6.95\left(\frac{1-0.3186}{0.1} \right)=6.95\left(\frac{0.6814}{0.1} \right) \\  \\ =6.95(6.813)=\bold{\$47.36}

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1) <span>95.65217391%
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3 years ago
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