Answer:
$14,277.80
Step-by-step explanation:
The standard formula for compound interest is given as;
A = P(1+r/n)^(nt) .....1
Where;
A = final amount/value
P = initial amount/value (principal)
r = rate yearly
n = number of times compounded yearly.
t = time of investment in years
For this case;
P = $7,400
t = 8 years
n = 4 (quarterly)
r = 9.5% = 0.095
Using equation 1.
A = $7,400(1+0.095/4)^(4×7)
A = $7,400(1.02375)^(28)
A = $7,400(1.929432606035)
A = $14,277.80
final amount/value after 8 years A =$14,277.80
Answer:
Since Tracy is charged $29 for 250 free minutes so:
For x ≤ 250, f(x) = $29
tracy is charged an extra $0.35 per minute for calls over 250 minutes, so:
For x ≥ 250, f(x) = 29 + 0.35(x - 250)
Answer:
m∠J =90°
m∠O = 140°
Step-by-step explanation:
We see here angle J having 90°, pure right angle shape.
m<J=90
Then we find the total interior angle using (n-2)*180
(4-2)*180
360°
So, m∠O = 360° - m∠J - m∠E -m∠K
m∠O = 360° - 90° - 80° -50°
m∠O = 140°
Answer:
$255,331
Step-by-step explanation:
Calculation for the estimated price
ln (price) =11.65 +0.000473*square foot
Square feet =1,692
First step is to find the ln (price)
ln (price) =11.65 +0.000473*1,692
ln (price)=12.450316
Last step is to calculate the Estimated price by using calculator to find the exponential of 12.450316
Estimated price=e^(12.450316)
Estimated price=$255,330.99
Estimated price=$255,331 Approximately
Therefore the estimated price of a house that is 1,692 square feet will be $255,331