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VikaD [51]
4 years ago
11

A series of equal quarterly payments of $10,000 for 15 years is equivalent to what future worth amount at an interest rate of 6%

compounded at the given intervals?
Mathematics
1 answer:
kogti [31]4 years ago
6 0

Answer:

  $976,578.71

Step-by-step explanation:

We assume the deposits are made at the <em>beginning</em> of each quarter. The quarterly interest rate is 6%/4 = 1.5%. The number of quarterly payments is 15×4 = 60. The future value of an annuity due is ...

  A = P(1+r)((1+r)^n -1)/r

where r is the quarterly interest rate, n is the number of payments, and P is the payment amount.

  A = $10000(1.015)(1.015^60 -1)/.015 ≈ $976,578.71

The future value is $976,578.71.

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Nathan went shopping for a new camera because of a sale. The store was offering a 40% discount. If the price on the tag was $35,
tia_tia [17]

Answer:

The price after the discount but before the tax is $21

Step-by-step explanation:

Here, we are told there is a price off of 40% on an item that costs $35.

What we want to calculate is the value of what the price would be before the tax

We proceed by finding 40% of $35

Mathematically, that would be;

40/100 * 35 = $14

The price of the item before the tax is thus;

35-14 = $21

4 0
3 years ago
Select Is a Function or Is not a Function to correctly classify each relation. Title Is a Function Is not a Function
Sindrei [870]
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Hope this helps.</span>
4 0
3 years ago
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I NEED THE ANSWER FAST PLEASE IM DOING A TEST AND I CANT FAIL IT!!!!
ICE Princess25 [194]
I would say the answer is B
6 0
3 years ago
a student found the volume of a rectangular pyramid with a base area of 92 square meters and a height of 54 Meters to be 4968 cu
Naya [18.7K]
It is not correct. 

The student found the volume by multiplying the base area with the height. He forgot to divide it by 3.

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6 0
4 years ago
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What is the measurement of ULE?
Tamiku [17]

Answer:

  ∠ULE = 60°

Step-by-step explanation:

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  109° = 49° + ∠ULE

  ∠ULE = 109° -49°

  ∠ULE = 60°

5 0
3 years ago
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