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My name is Ann [436]
3 years ago
15

Avery Tag makes an investment today (January 1, 2017). Avery will receive $40,000 every December 31st for the next six years (20

17 – 2022). If Avery wants to earn 12% on her investment, what is the most she should invest on January 1, 2017?
Mathematics
1 answer:
marshall27 [118]3 years ago
5 0
Answer: $2,000,000

Explanation: Let X be the amount of Avery's investment. Since she will receive $40,000 every year for the next six years, the most she will earn is
$40,000 × 6 = $240,000.

Since she wants to earn 12% on her investment, her earnings is equal to 12% of X = 0.12X. Since the most she will earn is $240,000,

0.12X ≤ 240,000
X ≤ 240,000 ÷ 0.12 = 2,000,000 (Divide both sides by 0.12)

Hence X ≤ 2,000,000. Therefore, the most amount she should invest is $2,000,000.
You might be interested in
What is 1/2 divided by 1/6?
Contact [7]

Answer:

1.  How many times can 0.17 be multiplied to equal 0.50?

2. 3

Step-by-step explanation:

To solve this problem, let's turn these decimals into fractions.

1/2 = 0.50

1/6 = 0.17

Now, we must ask ourselves: How many times can 0.17 be multiplied to equal 0.50?

0.50 = 3 when divided by the nearest whole number.

Therefore, the answer is 3.

Hope this helps! :D

6 0
3 years ago
James bought Nicole a pair of shoes for $54.99 and a bracelet for $21.99. He used a 15% off coupon and then paid 7.5% sales tax.
mina [271]

Answer:

$70.34

Step-by-step explanation:

The total before the coupon and tax is:

$54.99 + $21.99 = $76.98

Now apply the 15% coupon:

Since the total price is 100% of the price, when you apply a 15% coupon, you pay 100% - 15% = 85% of the price. We need to find 85% of $76.98

85% * $76.98 =

= 0.85 * $76.98

= $65.43

The price after the 15% coupon, but before the tax, is $65.43

Now the total $65.43 is considered 100% of the price. The tax is 7.5%.

100% + 7.5% = 107.5%

Now we find 107.5% of $65.43

107.5% of $65.43 =

= 1.075 * $65.43

= $70.34

Answer: $70.34

6 0
3 years ago
Read 2 more answers
If ab = a, then b = <br><br> A) 0 <br> B) 1 <br> C) a <br> D) even
Zanzabum

Answer:

1

Step-by-step explanation:

because a number multiplied with 1 is equal to itself

8 0
3 years ago
Find the exponential function that satisfies the given conditions: Initial value = 64, decreasing at a rate of 0.5% per week
mrs_skeptik [129]

Answer:

Step-by-step explanation:

An exponential function is of the form

y=ab^x

where a is the initial value and b is the growth/decay rate.  Our initial value is 64.  That's easy to plug in.  It goes in for a.  So the first choice is out.  Considering b now...

If the rate is decreasing at .5% per week, this means it still retains a rate of

100% - .5% = 99.5%

which is .995 in decimal form.

b is a rate of decay when it is greater than 0 but less than 1; b is a growth rate when it is greater than 1.   .995 is less than 1 so it is a rate of decay.  The exponential function is, in terms of t,

f(t) = 64(.995)^t

4 0
3 years ago
How to do linear equations
marishachu [46]

Answer:

bhjjjjjnm bvgcvjk

Step-by-step explanation:

8 0
3 years ago
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