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Alenkinab [10]
3 years ago
13

To pay off an insurance settlement you must make monthly payments of $2500 for 6 years. How much should you invest in an account

paying 6% compounded monthly to be sure you can make these payments over this time period?
Mathematics
1 answer:
ANEK [815]3 years ago
3 0

Answer:

The principal which should be invested in account is $125,698.324

Step-by-step explanation:

Given as :

The monthly payment amount = $2500

The time period = 6 years = 6 × 12 = 72 months

So,  The payment for 72 months =  $2500 × 72  = $180,000

The rate of interest compounded monthly = 6%

The investment amount in account = P

Now,<u> From compounded method </u>

Amount = Principal × (1+\frac{Rate}{12\times 100})^{12\times Time}

$180,000 = P × (1+\frac{6}{12\times 100})^{12\times 6}

Or,  $180,000 = P × (1.005)^{72}

Or, $180,000 = P × 1.432

∴ P = \frac{180,000}{1.432} = $125,698.324

Hence The principal which should be invested in account is $125,698.324 . Answer

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Question 11

The directrix is a horizontal line, which means the parabola opens either upward or downward. In this case, it opens downward. This is because all answer choices have a negative leading coefficient. Also, it's because the focus is below the directrix.

For vertically opening parabolas, we use this form

4p(y-k) = (x-h)^2

where (h,k) is the vertex and p is the focal distance, aka the distance from the vertex the focus. To find (h,k), we start at the focus (0,-4) and move directly up until we reach the directrix y = 4. We'll arrive at (0,4). The midpoint of (0,-4) and (0,4) is (0,0) which is the vertex's location. So (h,k) = (0,0).

Note that in moving from (0,-4) to (0,4) is a span of 4 units. So this is the value of p.

Plug h = 0, k = 0, p = 4 into the equation mentioned and solve for y

4p(y-k) = (x-h)^2

4*4(y-0) = (x-0)^2

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y = (1/16)x^2

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<h3>Answer:  Choice D.  y = -(1/16)x^2</h3>

===============================================

Question 3

The given equation is in the form y = ax^2+bx+c

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h = -4/(2*2)

h = -1

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f(x) = 2x^2+4x+3

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f(-1) = 1

We find that h = -1 and k = 1 pair up together. In short, (h,k) = (-1,1) is the vertex.

<h3>Answer: Choice B.  (-1,1)</h3>
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