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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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OverLord2011 [107]

Answer with explanation:

Price of Product on the Website = $ 412.50

It is given that, product is offered at a discount of 25% on the website.

Let actual price of product on the store = $ x

Writing the above statement in terms of equation

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x-\frac{25\times x}{100}=412.50\\\\ \frac{75 x}{100}=412.50\\\\x=\frac{41250}{75}\\\\x=550

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3 years ago
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RUDIKE [14]

Answer:

1. 1:4

2. y = 4 x X

3. yes

Step-by-step explanation:

1. every 1 minuet he cleans 4 shrimp

2. y is the number of shrimp and x is the time. if every miuet he cleans 4 shrimp, then that means you have to multiply the shrimp by the minuets. for example, if he spends 2 minuets, he cleans 8 shrimp because 2 x 4 = 8.

3. This is a proportional relationship because if you were to put this on a graph, it would be a strait line. for example, if you were to plot x (the time) on a line (this line would go horizontal) and y (shrimp) on the line (this line goes verticle) 1 minuet = 4 shrimp. 2 minuets = 8 shrimp. 3 minuets = 12 shrimp. 4 minuets = 16 shrimp.

i hope this helps. tell me if this is too confusing or if you need more help. have a great day :)

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Step-by-step explanation:

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Gabriela has dinner at a cafe and the cost of her meal is \$45.00$45.00. Because of the service, she wants to leave a 15\%15% ti
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Step-by-step explanation:

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