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swat32
3 years ago
12

Find the interest earned and the future value of an annuity with quarterly payments of $600 for 8 years into an account that pay

s 5% interest per year compounded quarterly.
Mathematics
1 answer:
iVinArrow [24]3 years ago
3 0

Answer:

interest earned= 292.878

the future value of an annuity= 892.878

Step-by-step explanation:

Given Data:

Interest rate= 5%

time,t = 8 years

Quarterly payment, P= 600

n= 4 as quarterly

At the end of 8 years, final investment A= ?

As per the interest formula

A= P(1+r/n)^nt

= 600(1+0.05/4)^32

= 892.878

Interest earned = A-P

                          = 892.878-600

                          = 292.878 !

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3 years ago
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A geometry class has a total of 27 students. The number of females is 13 less than the number of males. How many males and how m
Zanzabum

Answer:

20 males, 7 females

Step-by-step explanation:

x=males

x-13=females

x+x-13=27

2x-13=27

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6 0
3 years ago
How do you find the lowest common denominator for 8/15 + 2/12?
salantis [7]
The lowest common denominator for 15 and 12 will get in this way 

15=3*5
12 = 3*4 

LCM will be 3*4*5=12*5=60
5 0
3 years ago
HELP PLEASE!!! I NEED THIS NOWWWWW!!
Ugo [173]

Part A - linear functions change at a constant rate.. while exponential functions change at a constant percent rate... that sounds the same but it's not.  A linear function will go up (or down) the same amount when the time period is the same...  like up 1,000 more visitors every month... if this happens, when you subtract the visitors for month 10-month 9, you will get the same answer as when you subtract he visitors for month 9-month 8.  

An exponential function will go up by the same % when the time period is the same... so it'd be like if it went from 1,000 to 1,100 (that's up 100, which is 10% of 1,000) and then from 1,100 to 1,210 (that's up by 110, which is 10% of 1,100). If this happens you get the same answer when you divide the visitors for month 10 by the visitors from month 9 as you get when you divide the visitors for month 9 by the visitors from month 8.    (sometimes because of decimals you only get really really close to the same but that counts).

This one is exponential because dividing gets you around 2.09 every time

Part B

Since dividing # of visitors by the # from the month before gets you around 2.09 each time, we multiply that by 100 to get the % version of the decimal.

So that's 209%... but that's not how much it changes by or grows by... that's what it ends up.  It goes from itself (100%) to a bigger # (209%).. that's a 209-100 = 109% increase each month.



Part C

you need to think a little bit about what's going on in class.... becasue there are a bunch of different ways to do this. Sometimes you make an equation, sometimes you work backwards.


Here's one way... since multiplying visitors from week 8 by 2.09 gets you week 9 visitors.. and multipliying week 9 visitors by 2.09 gets you week 10... etc.... we can go backwards...

Week 7 visitors times 2.09 would equal the week 8 visitors

so,  w(2.09)=5.74

if we divide both sides by 2.09 we get w is equal to about 2.7464...  so the week 7 visitors is about 2.7464 (thousands) or 2,746.


Hope that helps



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3 years ago
What is the value of 5 + -2​
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