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
Dafna11 [192]
3 years ago
11

Six years from today you need $10,000. you plan to deposit $1,500 annually, with the first payment to be made a year from today,

in an account that pays an 8% effective annual rate. your last deposit, which will occur at the end of year 6, will be for less than $1,500 if less is needed to reach $10,000. how large will your last payment be?
Mathematics
1 answer:
Novosadov [1.4K]3 years ago
3 0
Like this variation of the problem! :)

We calculate the future value of the 6 annual deposits of $1500 at 8%:
F=1500(1.08^6-1)/(0.08)=11003.89
Since the last payment is due on the day of withdrawal, he would have paid $1500 to get back $11003.89, i.e. with an excess of 1003.89.
Therefore his last payment is 1500-1003.89=$496.11
You might be interested in
0.02 is 10 time as much as
attashe74 [19]
It is 0.20 and also try your best
7 0
3 years ago
Read 2 more answers
Determine how many solutions each equation has without using inverse operations. Explain your reasoning for each.
GuDViN [60]

Answer:

  an infinite number

Step-by-step explanation:

The left side of the equation is a restatement of the right side of the equation. It is true for all values of x. There are an infinite number of solutions.

7 0
3 years ago
Drag the tiles to the correct boxes to complete the pairs. Not all tiles will be used. Match each triangle below with the value
Dmitriy789 [7]

Answer:

30, 9, 15, 29

Step-by-step explanation:

Triangle 1, yellow

  • b= √34²- 16²= √900= 30

Triangle 2, blue

  • a= √41²- 40²= √81= 9

Triangle 3, green

  • c= √12²+9²= √225= 15

Triangle 4, red

  • c= √21²+20²= √841= 29
8 0
3 years ago
Please help with this
zzz [600]

Answer:

x² + 12x + 35

Step-by-step explanation:

The area of the blue section is x * x = x².

Pink: x * 7 = 7x

Green: x * 5 = 5x

Orange: 7 * 5 = 35

When we add these up we get x² + 12x + 35. Hope this helps!

7 0
3 years ago
Read 2 more answers
What is 1230*456
Marta_Voda [28]

Answer:

560880

Step-by-step explanation:

THERE

3 0
3 years ago
Other questions:
  • Need help on question 12&13
    13·1 answer
  • Solve 7x - 4 = 5x + 15 for x.<br> 11/2<br> 19/2<br> 19/12
    6·1 answer
  • What's the answer in long division
    9·2 answers
  • garys cat ate 3/5 of a bag of cat treats in september and 1/5 of the same bag of cat treats in october. what part of the bag of
    7·2 answers
  • Find the distance between -17 and 4 on the real number line
    10·1 answer
  • -3*6<br> Multiplying and dividing integers
    15·1 answer
  • HELP PLEASE ANSWER THIS THANK YOU
    6·1 answer
  • Write ( 8 a^− 3 )^− 2/3 in simplest form.
    12·1 answer
  • A company that makes​ hair-care products had 7,000 people try a new shampoo. Of the 7,000 people, 28 had a mild allergic reactio
    12·1 answer
  • 2 find the length of the side indicated. And round to 1 decimal place
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!