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Jobisdone [24]
3 years ago
9

What is the present value of $6,000 to be received at the end of each of eight periods, assuming the first payment occurs at the

end of the fourth year and an interest rate of 10%?
Mathematics
1 answer:
Kipish [7]3 years ago
6 0

Answer: Present value = $7200

Step-by-step explanation: Given Principal that is the original amount is $6000

Rate is 10% every fourth year

But the total period is eight.

So the interest would be paid 8/4 = 2 times.

Therefore,

Simple interest

= {principal * rate * no of times}/100

= {$6000*10*2}/100

Simple interest = $1200

Present value

= principal + Simple interest

= $6000 + $1200

= $7200.

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A group of 8 friends went to lunch and spent a total of $76, which included the food bill and a tip of $16. They decided to spli
Rudik [331]

Answer:

1) The equation 1/8(x+16)=76/8 represents the situation, where x is the food bill.

2) The solution x=60 represents the total food bill.

These both answers are correct.

Step-by-step explanation:

Since there are 8 group of friends, and the total amount spent by them is $76 including the tip i.e $16.

If x is the food bill our equation can be:

(x+16)/8 = 76/8

Solving the equation

(x+16)/8 = 9.5

x+16= 9.5*8

x= 76 -16

x= 60

The food bill is x=60.

6 0
3 years ago
Read 2 more answers
18=3-3a what’s the steps
Harrizon [31]

Answer:

a=-5

Step-by-step explanation:

subtract 3 from both sides

15=-3a

divide by -3

a=-5

6 0
2 years ago
∠ A and ∠ B are complementary. If m∠ B = 80°, what is the measure of ∠ A?
Stolb23 [73]
Angle A would be 10 degrees.
Complementary angles add to 90 degrees.
So 90-80=10
6 0
3 years ago
F(x) = 4x2 + 5. find the value of f(x) when x = 2 and select the correct answer below. 13
nlexa [21]
You weren't clear on the equation so I did it both ways. It didn't really matter though because both equations had the same answer. ‍♀️

4 0
3 years ago
Please help!! Question is above in the image
klasskru [66]

9514 1404 393

Answer:

  $503.85

Step-by-step explanation:

The amortization formula can help with this.

  A = P(r/12)/(1 -(1 +r/12)^(-n))

where P is the loan value, A is the monthly payment, r is the annual interest rate, and n is the number of monthly payments.

We want to find P. All of the other values are given.

  P = A(1 -(1 +r/12)^-n)/(r/12)

  P = 32.48(1 -1.012667^-18)/(0.012667) = 31.48·16.0054

  P ≈ 503.85

The equivalent cash price is about $503.85.

7 0
3 years ago
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