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bixtya [17]
4 years ago
7

Barbara knows that she will need to buy a new car in 3 years . The car will cost $15000 by then. How much should she invest now

at 8%, compound quarterly,so that she will have enough to buy a new car?
Mathematics
1 answer:
nika2105 [10]4 years ago
7 0

Answer:

Around $11827.40

Step-by-step explanation:

The formula for compounded interest is A=P(1+\frac{r}{n})^{nt}, where A is the desired amount, P is the amount you invest, r is the decimal rate, n is the number of times per year you compound the interest, and t is the number of years. You know A to be 15000, r to be 8% or 0.08, n to be quarterly or 4, and t to be 3. To find P, you can set up the following equation:

15000=P(1+\frac{0.08}{4})^{4\cdot 3}

15000=P(1.02)^{12}

15000=1.2682P

P\approx 11827.40 dollars

Hope this helps!

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Bob believes his test grade varies directly with the number of hours he spends studying and inversely with the number of hours h
Andreyy89

Answer: Hello mate!

A direct variation implies that, if y is the dependent variable that varies with the variable x; then: y = k*x where k is a real number.

An inverse variation has the form y = k/x where also k is a real number.

them, if we define s as the hours that Bob spends studying, and b as the hours that he spends playing baseball, then the equation that represents the score is:

Score(s,b) = k*s/b

we know that if s = 6, and b = 7, then the score is 72; with this information, we could obtain the value of the constant k.

score(6,7) = 72 =k*6/7 = k*

then  k = 72*(7/6) = 61.7

now if s = 4 and b = 6, the score that he should expect is:

score( 4, 6) = 61.7*(4/6) = 41

4 0
4 years ago
Is this correct if not which one is and why
zheka24 [161]
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3 years ago
I need the area please
Ostrovityanka [42]
The area is 448.5
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For every $10 glen earns is parents require him to save $2. What percent of his money does he get to spend
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Ummm bro the explanation is simple he keeps 8/10 and he saves 2/10 sooo

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