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astraxan [27]
3 years ago
9

What's the present value of $11,000 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?

Mathematics
1 answer:
kotegsom [21]3 years ago
7 0

Answer:

Step-by-step explanation:

A = P[1 + (r/n)]^(nt)

Look the formula up online to find out what each variable represents if needed.

We are solving for P, which is the principal amount 5 years back.

Substitute 11,000 for A (total amount), 4.5% for r(rate), 2 for n(number of times -- in this case, semiannually), and 5 for t(time -- 5 years).

11000 = P[1+(0.045/2)]^(2x5)

11000 = P (1.0225)^10

11000 = P (1.2492)   approx.

Divide both sides by 1.2492 to find P.

P = $8805.64  (approx)

I know that the answer I got is not an option listed. However, I feel that my workings may help other people to answer this question or give them inspiration to answer similar questions. Therefore, I will leave this answer up.

Thanks, and sorry I couldn't do much.

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Roman55 [17]

Answer:

Step-by-step explanation:

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Putting value of u = 24 in the equation

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Bringing like terms on one

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7 0
3 years ago
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to build the garden of your dreams you need 11 m^3 of coil containing 46% clay. you have two types of soil you can combine to ac
aivan3 [116]

Answer: 9m^3 of soil with 50% clay and 2m^3 of soil with 28% clay is required

Step-by-step explanation:

Let x represent the quantity of the soil containing 50% clay that you would use.

Let y represent the quantity of the soil containing 28% clay that you would use.

To build the garden of your dreams you need 11 m^3 of soil.

x + y = 11 - - - - - - - - -1

Since the soil must contain 46% clay, the total amount of clay required is 46/100 × 11 = 5.06 m^3.

you have two types of soil you can combine to achieve this: soil with 50% clay and soil with 28% clay. This means that the quantity of both soils required to achieve 5.06 m^3 will be

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Substituting x = 11 - y into equation 1, it becomes

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y = - 0.44/ -0.22 = 2

Substituting y = 2 into x = 11 - y, it becomes

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7 0
4 years ago
If R is the midpoint of QS, QR= 8x-51 and RS = 3x-6, find QS.
sashaice [31]

QS would be 42. So the way i did it was I:

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3 years ago
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Answer:

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Step-by-step explanation:

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Answer:

4x² + 12 = 7x

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use the quadratic formula and get your answer!

Step-by-step explanation:

3 0
3 years ago
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