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VikaD [51]
3 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]3 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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A fruit stand has to decide what to charge for their produce. They need $10for 4 apples and 4 oranges. They also need $15 for 6
Nataly [62]

Answer:

Ok

Step-by-step explanation:

Ok

4 0
3 years ago
KMZ~ KDH; find z.<br> F<br> 21<br> D<br> 6x + 3<br> E 17<br> G<br> 8x-1<br> C
Drupady [299]

Answer:

x=8

Step-by-step explanation:

Triangle DCE is similar to EGF

CE/EF=DE/EG

Substitute

(8x-1)/21=(6x+3)/17

Cross multiply

(8x−1)*(17)=(6x+3)*(21)

136x−17=126x+63

Subtract 126x from both sides

10x−17=63

Add 17 to both sides.

10x−17+17=63+17

10x=80

Divide both sides by 10.

x=8

6 0
3 years ago
Please help i know it a lot but please
blsea [12.9K]

Answer:

I have no clue

Step-by-step explanation:

I'm in middle school I don't know

6 0
2 years ago
Translate the sentece into a equation
maw [93]
The answer would be 5x^3-2x^2=18

5 0
3 years ago
Read 2 more answers
Please help
Mariulka [41]

Answer:

-2 <u>12</u>

-1 <u>7</u>

0 <u>2</u>

1 <u>-3</u>

2 <u>-8</u>

Step-by-step explanation:

[] With the function f(x)=2−5x we can tell that we will plug x into the equation without doing anything to it (x)

-2 ___

f(-2) = 2−5x

f(-2) = 2−5(-2)

f(-2) = 2 + 10

f(-2) = 12

-1 ___

f(-1) = 2−5x

f(-1) = 2−5(-1)

f(-1) = 2 + 5

f(-1) = 7

0 ___

f(0) = 2−5x

f(0) = 2−5(0)

f(0) = 2

1 ___

f(1) = 2−5x

f(1) = 2−5(1)

f(1) = 2 - 5

f(1) = -3

2 ___

f(2) = 2−5x

f(2) = 2−5(2)

f(2) = 2−5(2)

f(2) = 2−10

f(2) = -8

Have a nice day!

     I hope this is what you are looking for, but if not - comment! I will edit and update my answer accordingly. (ノ^∇^)

- Heather

4 0
2 years ago
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