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Wewaii [24]
3 years ago
11

You need 10,000 to pay for your final college tuition. you find a loan it is compounded quartely at 6.25% for 10 years. how much

will the loan actually cost you?
NEED HELP RN PLEASE HELP ME
Mathematics
1 answer:
Amanda [17]3 years ago
3 0
\bf ~~~~~~ \textit{Compound Interest Earned Amount}
\\\\
A=P\left(1+\frac{r}{n}\right)^{nt}
\quad 
\begin{cases}
A=\textit{accumulated amount}\\
P=\textit{original amount deposited}\to &\$10000\\
r=rate\to 6.25\%\to \frac{6.25}{100}\to &0.0625\\
n=
\begin{array}{llll}
\textit{times it compounds per year}\\
\textit{quarterly, thus four}
\end{array}\to &4\\
t=years\to &10
\end{cases}
\\\\\\
A=10000\left(1+\frac{0.0625}{4}\right)^{4\cdot 10}
\\\\\\
A=10000(1.015625)^{40}\implies A\approx 18592.39366677226890
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The answer is $382.80. the perimeter is 600ft. if fence post are placed every five feet, you need 120 post because 600÷5 is 120. each post cost 3.19 so you need 382.80 because 3.19×120 is 382.8
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3 years ago
A flower shop acquired 80 new customers last year. Costs in the marketing and sales areas were the following:
icang [17]

Using proportions, it is found that the Customer Acquisition Cost was of $1,215.

<h3>What is a proportion?</h3>

A proportion is a fraction of a total amount.

In this problem, the customer acquisition cost is the spending in sales divided by the number of customers added.

80 customers were added, considering costs of 1200 + 9000 + 87000 = $97,200, hence:

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More can be learned about proportions at brainly.com/question/24372153

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2 years ago
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7 0
3 years ago
HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!
castortr0y [4]

Answer:

$3.75

Step-by-step explanation:

dimes= x

quarters= x+2

nickels= 2x+2

sum is 3.75

.10x+.25(x+2)+0.05(2x+2)=3.75

.10x+.25x+.50+0.10x+0.10=3.75

0.45x=3.15

x=7 dimes (0.70)

x+2=9 quarters (2.25)

2x+2=16 nickels (0.80)

They add to $3.75

5 0
2 years ago
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