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
I am Lyosha [343]
3 years ago
6

Eight energy corporations made plans to increase their combined spending on efficiency programs to $50 million per year for the

next 8 years as a response to global warming initiatives set by the government. What is the future worth of total investments at the end of 8 years at an interest rate of 8% per year?
Engineering
1 answer:
tangare [24]3 years ago
7 0

Answer:

F=531831381

Explanation:

There are two  ways of doing this question:

1) By Formula

2) By Using  Compound interest Table

By Formula:

F=A*\frac{(1+i)^{n}-1}{i}

Where:

F is future value

A is annual amount per year

i is interest rate

n is number of years

F=50 million*\frac{(1+0.08)^{8}-1}{0.08}

F=531831381

By Using  Compound interest Table:

F=A(F/A,i,n)

From Table F/A at i=8% and n=8 is 10.6366

F=50000000*(10.6366)

F=531830000≅531831381

The difference in two answers is due to decimal points if you take value from table to greater decimal points you will get the exact answer as by using formula.

You might be interested in
A Service Schedule is...
VikaD [51]

Answer:

option c

Explanation:

8 0
3 years ago
Read 2 more answers
Find the total present worth of a series of cash flows with an annual interest rate of 2% per year. Round your answer to the nea
prisoha [69]

The total present worth is $19,783.01

The present worth of a series of cash flow is the value of the cash flows in year 0 (today)

Cash flow in year 0 = 5330

Cash flow in year 1 = 0

Cash flow in year 2 = 0

Cash flow in year 3 = 13075 / (1.02)^3 = 12,320.86

Cash flow in year 4 = 2308 / (1.02)^4 = 2,132.24

Present worth = $19,783.01

A similar question was solved here: brainly.com/question/9641711?referrer=searchResults

5 0
2 years ago
HW6P2 (20 points) The recorded daily temperature (°F) in New York City and in Denver, Colorado during the month of January 2014
Maurinko [17]

Answer & Explanation:

function Temprature

NYC=[33 33 18 29 40 55 19 22 32 37 58 54 51 52 45 41 45 39 36 45 33 18 19 19 28 34 44 21 23 30 39];

DEN=[39 48 61 39 14 37 43 38 46 39 55 46 46 39 54 45 52 52 62 45 62 40 25 57 60 57 20 32 50 48 28];

%AVERAGE CALCULATION AND ROUND TO NEAREST INT

avgNYC=round(mean(NYC));

avgDEN=round(mean(DEN));

fprintf('\nThe average temperature for the month of January in New York city is %g (F)',avgNYC);

fprintf('\nThe average temperature for the month of January in Denvar is %g (F)',avgDEN);

%part B

count=1;

NNYC=0;

NDEN=0;

while count<=length(NYC)

   if NYC(count)>avgNYC

       NNYC=NNYC+1;

   end

   if DEN(count)>avgDEN

        NDEN=NDEN+1;

   end

   count=count+1;

end

fprintf('\nDuring %g days, the temprature in New York city was above the average',NNYC);

fprintf('\nDuring %g days, the temprature in Denvar was above the average',NDEN);

%part C

count=1;

highDen=0;

while count<=length(NYC)

   if NYC(count)>DEN(count)

       highDen=highDen+1;

   end

   count=count+1;

end

fprintf('\nDuring %g days, the temprature in Denver was higher than the temprature in New York city.\n',highDen);

end

%output

check the attachment for additional Information

8 0
3 years ago
How do Consumers sometimes interact with a producers?
Vika [28.1K]
I really don’t know good luck
7 0
3 years ago
Ma poate ajuta cineva?
kari74 [83]
Da, sigur. cu ce ai nevoie de ajutor?
5 0
3 years ago
Other questions:
  • What is a coarse-grained rock composed of intermediate plagioclase feldspar and pyroxene? a. graniteb. gabbro c. andesited. peri
    9·1 answer
  • A binary liquid system exhibits LLE at 25°C. Determine from each of the following sets of miscibility data estimates for paramet
    10·1 answer
  • Whats is the purpose of the stator winding​
    13·1 answer
  • Two aerial photographs were taken 30 seconds apart over one east-bound lane of l-80 near Grand Island, NE. The following results
    12·1 answer
  • Please help me with this. Picture
    10·1 answer
  • Discuss in detail the manners of interaction with opposite gender
    10·1 answer
  • Jack has been concerned about the rapidly changing green regulations in his state and his ability as a mechanical engineer to ke
    13·1 answer
  • which acpi power state allows a system to start where it left off, but all other components are turned off? sleeping mechanical
    13·1 answer
  • What is the purpose of placing a large electrolytic capacitor in the output side of a power supply
    11·1 answer
  • What is the hardest part of engineering?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!