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FinnZ [79.3K]
3 years ago
6

Maria Addai has been offered a future payment of $990 two years from now. If she can earn 8.2 percent compounded annually on her

investment, what should she pay for this investment today? (If you solve this problem with algebra round intermediate calculations to 4 decimal places, in all cases round your final answer to the nearest penny.)
Mathematics
2 answers:
ZanzabumX [31]3 years ago
8 0

Answer:

845.63

Step-by-step explanation:

hope it helps...

IgorLugansk [536]3 years ago
3 0

Answer:

845.6306

Step-by-step explanation:

Firstly this is annuity based

Let, investment at beginning of year = <em>x</em>

Then value at year 1 end = x + (8.2% \times x)

Value at end of year 2 = (x + 0.082x) + (8.2% \times (x + 0.082x))

Now this value = $990

Therefore,

990 =  (x + 0.082x) + ((x + 0.082x) \times 8.2%)

990 = x + 0.082x + 0.082x + 0.006724x = 1.170724x

x = 990/1.170724 = 845.6306

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OleMash [197]
You have invested 1200 dollars in your mutual fund and now gained 1333 dollars. First let's solve how much money added to your investment.
=> 1333 - 1200 = 133 dollars was added to your account
=> 133 / 1200 = 0.11 
Next, lets convert this to decimal value.
=> 0.11 * 100% = 11% was added to you investment.
7 0
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Step-by-step explanation:

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3 years ago
Determine the value of x
KATRIN_1 [288]

Answer:

The value of x is 12 feet

Step-by-step explanation:

The shape in question is a composite shape. We can see that x is both the base of the triangle and the breadth of the rectangle.

To get the area of the shape, we will have to add the area of the rectangle to the area of the triangle.

Area of rectangle = length X breadth

Area of triangle = 1/2 base X height.

However, to calculate the area of the triangle, we need to find its height first.

The next step is to get the height of the triangle. Observing the shape properly, we can see that we can get the height by subtracting the length of the rectangle from the overall length of the shape.

Height of triangle = 16 ft - 10 ft = 6 ft

recall area = 156 square feet.

We now have most of our missing dimensions

We can now set up an equation as follows:

(10 \times x) +0.5 \times x \times 6 = 156

10x +3x=156\\13x=156\\x=12 feet

Therefore the value of x is 12 feet

8 0
3 years ago
I have to find the area of a trapezoid using the formula A= 1/2 (b1 + b2) (h)
DedPeter [7]

Answer:

190

Step-by-step explanation:

1/2(6+13)(5)

6+ 13 = 19*5 = 95

95/ 1/2= 190

7 0
3 years ago
Factor completely. 12x4+18x3+45x2 Enter your answer in the box.
lukranit [14]

QUESTION 1

The given expression is

12x^4+18x^3+45x^2

The greatest common factor is 3x^2.

We factor to obtain;

3x^2(4x^2+6x+15)

QUESTION 2

The given quadratic equation is

x^2+6x-72=0

We split the middle term to obtain

x^2+12x-6x-72=0

Factor by grouping;

x(x+12)-6(x+12)=0

(x+12)(x-6)=0

Use zero product property;

(x+12)=0\:\:or\:\:(x-6)=0

x=-12\:\:or\:\:x=6

QUESTION 3

The given system of equation is

3x+4y=-8

7x-3y=6

If we multiply 3x+4y=-8 by 3, we obtain;

9x+12y=-24

If we multiply 7x-3y=6 by 4 we obtain;

28x-12y=24

Adding the last two equations will give us;

37x=0

The y-variable is eliminated.

Answer:Multiply 3x+4y=−8

by 3. Multiply 7x−3y=6 by 4. Add the resulting equations together.

6 0
3 years ago
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