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
larisa86 [58]
3 years ago
12

A used book costs $17 less than the same book new. Theused book costs $9. Write and

Mathematics
1 answer:
zvonat [6]3 years ago
4 0

Answer:

$26

Step-by-step explanation:

17+9=26

You might be interested in
Do the ratios 7/3 and 6/2 form a proportion. <br><br> Yes or no
ratelena [41]

Answer:

no  it not really the same

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
How Much Have I Saved? Portfolio
avanturin [10]

The time value of money calculation can be performed using formula equations or online calculators.

The correct responses are;

  • 1) Option 3
  • 2) Option 2
  • 3) The difference in principal is approximately $8,000
  • The difference in interest earned is approximately $2,977.87
  • 4) It is better to invest more money at the beginning of the 30 years

Reasons:

Option 1: Present value = 0

Amount invested per month, A = $25/month

The Annual Percentage Rate, APR, r = 3.25%

Number of years = 30

The future value of an annuity is given by the formula;

\displaystyle FV_{A} = \mathbf{A \cdot \left (\frac{ \left(1 + \frac{r}{m} \right)^{m\cdot t} - 1}{\frac{r}{m} } \right)}

In option 1, m = 12 periods per year

Therefore;

\displaystyle FV_{A} = 25 \times \left (\frac{ \left(1 + \frac{0.0325}{12} \right)^{12 \times 30} - 1}{\frac{0.0325}{12} } \right) \approx  \mathbf{15,209.3}

Contribution = $25 × 12 × 30 = $9,000

Total interest earned = $15,209.3 - $9,000 = $6,209.3

Final balance = $15,209.3

Option 2: Present value = 0

Amount, A = $75/quarter

m = 4 periods per year

The Annual Percentage Rate, APR = 4.00%

Therefore;

The effective interest rate is therefore;

\displaystyle r_{eff} = \left(1 + \frac{0.04}{4} \right)^4 - 1 \approx \mathbf{0.04060401}

\displaystyle FV_{A} = 75 \times \left (\frac{ \left(1 + \frac{0.04060401}{4} \right)^{4 \times 30} - 1}{\frac{0.04060401}{4} } \right) \approx  17,437.7

Using an online calculator, FV = $17,467.04

Contribution = $75 × 4 × 30 = $9,000

Total interest earned = $17,467.04 - $9,000 = $8,467.04

Final balance = $17,467.04

Option 3: Present value = $1,000

APR = 6.25%

m = 12 period per year

Number of years, t = 30 years

Therefore;

\displaystyle FV = \left (1 + \frac{0.0625}{12} \right)^{12 \times 30} \approx \mathbf{6,489.17}

Contribution = $1,000

Total interest earned = $6,489.17 - $1,000 = $5,489.17

Final balance = $6,489.17

The table of values is therefore;

  • \begin{tabular}{|c|c|c|c|}Option \# &Contribution &Total Interest Earned&Final Balance\\1&\$9,000&\$6,209.3 & \$15,209.3\\2&\$9,000&\$8,467.04 &\$17,467.04\\3&\$1,000&\$5,489.17&\$6,489.17\end{array}\right]

1) The option that has the least amount invested are <u>option 3</u>

Option 3 investment plan is a present value of $1,000, invested for 30 years at 6.25% APR compounded monthly.

2) <u>Option 2</u> yielded the highest amount at the end of 30 years, given that the APR is higher than the APR for option 1, although the amount invested over the period are the same.

The basis of option 2 investment plan is $75 invested quarterly at 4.00% APR compounded monthly for 30 years.

3) The difference in the principal invested for the highest and lowest final balance is $9,000 - $1,000 = <u>$8,000</u>

The difference in the interest earned is; $8,467.04 - $5,489.17 = <u>$2,977.87</u>

4) In option 1 the present value is zero, therefore zero amount was invested at the beginning.

The interest to investment ration is 6,209.3:9,000 ≈ 0.7:1

In option 3, all the money was invested at the beginning.

The interest to investment ratio of option 3 is; 5,489.17:1,000 ≈ 5.5:1

Given that the interest to investment ratio, which is the return on investment is larger when more money is saved at the beginning as in option 3, <u>it is better to invest more money at the beginning</u>.

Learn more about future value of an annuity here:

brainly.com/question/8243704

3 0
3 years ago
-
Arte-miy333 [17]

Answer:

if you have a bad credit score it can increase your debt ratio

Step-by-step explanation:

3 0
3 years ago
Find the length of side x in simplest radical form with a rational denominator.
diamong [38]

Answer:

4√3 according to khan academy

Step-by-step explanation:

7 0
3 years ago
WILL GIVE BRAINLIEST. please help
kondor19780726 [428]

Answer:

x = 11.4 m

y = 21 m

man's shadow =  9.6 m

Step-by-step explanation:

measure of third angle must be 50 degrees (180 - (40 + 90))

you can take tan50° = 15/y and 'y' will equal approx. 21

to find 'x' you can take tan21° = (21-x) /25 and 21 - x = 25 · tan21°

21 - x = 9.6

-x = -11.4

x = 11.4

man's shadow is the difference of 21 and 11.4, which is 9.6

4 0
2 years ago
Other questions:
  • A city fundraiser raffle is raffling off 15 cash prizes. First prize is $10,000. Each successive prize is $500 less than the pre
    12·1 answer
  • I need help on this question. I don't want to get a bad grade. -_-
    5·1 answer
  • -3=1/2(4d-12) what is d? And what are the steps
    14·1 answer
  • During the school year, each student planted 2 x 10^2 trees as part of a community service project. If there are 3.5 x 10^3 stud
    8·1 answer
  • Angelia's Store received 18 boxes of chocolates. Each box contained 56 pieces of chocolate. How many pieces of chocolate did the
    10·1 answer
  • What is the slope of y = –1 + 3r?
    13·1 answer
  • A player scored 5 more points than Rodger.
    12·2 answers
  • Asap need help plz can figure out these 3
    11·1 answer
  • Y-axis
    5·1 answer
  • I need this solved real quick
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!