1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lorasvet [3.4K]
3 years ago
10

Tina, the owner of a home and garden store, lends $8,000 to Lana to help her open an art shop. Lana plans to repay Tina at the e

nd of eight years with interest compounded semiannually at 8%. Using the tables found in the textbook, you can determine that at the end of eight years, Tina will receive A. $14,484. B. $14,984. C. $16,587. D. $16,857.
Mathematics
1 answer:
kupik [55]3 years ago
7 0

Answer:

  B.  $14,984

Step-by-step explanation:

The multiplier is ...

  (1 +r/n)^(nt) . . . . where r is the nominal annual rate, n is the number of times interest is compounded per year, and t is the number of years.

Here, that multiplier is ...

  (1 +.08/2)^(2·8) = 1.04^16 ≈ 1.87298

Then Lana will be paying Tina ...

  $8000×1.87298 ≈ $14984

at the end of 8 years.

You might be interested in
Find the point, M, that divides segment AB into a ratio of 5:6 if A is at (0, 22) and B is at (11, 0)
BabaBlast [244]
(5,12) ) is the answer
8 0
3 years ago
Read 2 more answers
What is the answer to -6+(-4)
Nuetrik [128]
The answer to your question would be -10
5 0
3 years ago
Read 2 more answers
The range of y = Arcsin x is<br> kle<br> A. True<br> B. False
Yuri [45]

Answer:

I guess is

Step-by-step explanation:

False I guess

6 0
3 years ago
Equivalent fractions to 28/32
Scrat [10]
7/8 there you go the right answer xD
7 0
3 years ago
Read 2 more answers
What is 2xy-3yz+5+2yz-xy
melomori [17]

To simplify this expression, we are going to combine like terms.


First, we can see that we have two terms with the variables xy being multiplied together, 2xy and -xy. Together, these add to xy, so our expression is now:

xy - 3yz + 5 + 2yz


We also have two terms with yz, -3yz and 2yz. Together, these add to -yz, so our expression is now:

xy - yz + 5


Our final expression is xy - yz + 5.

6 0
3 years ago
Other questions:
  • Which are integers check all that apply -5,0,5/7,0.4​
    12·1 answer
  • What is (37-26) squared - 6 divided by -32 divided by 2 squared - (4 squared - 13)<br><br> Plz help!
    8·1 answer
  • And express delivery company charges by the The pound a package that weighs 5 pounds cost $24.50 overnight Ryan job equation to
    14·1 answer
  • If a train leaves the station at 7:00 AM and travels at 56 mph, at what time would it arrive at the next town that is 450 miles
    5·1 answer
  • A twin primes is a pair of prime numbers such that the difference between them is 2. For example, 5 and 7 are twin primes, and 1
    7·1 answer
  • If it takes 21 minutes for 5 people to paint 7 walls how many minutes does it take 3 people to paint 5 walls
    11·2 answers
  • use the substitution method to solve the system of equations. choose the correct ordered pair. y=3x+2 y=x+12
    14·2 answers
  • What is the rate on an investment that doubles $5051 in 9 years? Assume interest is compounded quarterly.
    12·1 answer
  • A production facility employs 10 workers on the day shift, 8 workers on the swing shift, and 6 workers on the graveyard shift. A
    8·1 answer
  • HELLPPPPPPPPP I HAVE TO DO THIS BEFORE 5:30​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!