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Vera_Pavlovna [14]

3 years ago

13

Tami would like to withdraw $10,364.10 at the end of each year, for 10 years, from an account paying 2.3% compounded annually. D

etermine the amount needed in the account for Tami to do this. Round to the nearest cent. a. $115,052.98 b. $103,641.00 c. $91,651.92 d. $93,759.91 Please select the best answer from the choices provided A B C D

1 answer:

lianna [129]3 years ago

3 0

Answer:

Answer:

Option c -$91,651.92

Step-by-step explanation:

Given : Tami would like to withdraw $10,364.10 at the end of each year, for 10 years, from an account paying 2.3% compounded annually.

To find : Determine the amount needed in the account for Tami to do this.

Solution :

We apply the present value formula to get the amount,

Where, PV is the present value ,the required amount

P is the principal P=$10,364.10

r is the rate r=2.3% annually, r=0.023

n is the time n=10 years

Substitute in the formula,

Therefore, The amount needed is $91651.92.

Hence, Option c is correct.

Read more on Brainly.com - brainly.com/question/3432251#readmore

Step-by-step explanation:

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Given the following three points, find by the hand the quadratic function they represent (0,6, (2,16, (3,33)

Lisa [10]

Answer:

$f(x) = 4x^2 - 3x + 6$

Step-by-step explanation:

Quadratic function is given as $f(x) = ax^2 + bx + c$

Let's find a, b and c:

Substituting (0, 6):

$6 = a(0)^2 + b(0) + c$

$6 = 0 + 0 + c$

$c = 6$

Now that we know the value of c, let's derive 2 system of equations we would use to solve for a and b simultaneously as follows.

Substituting (2, 16), and c = 6

$f(x) = ax^2 + bx + c$

$16 = a(2)^2 + b(2) + 6$

$16 = 4a + 2b + 6$

$16 - 6 = 4a + 2b + 6 - 6$

$10 = 4a + 2b$

$10 = 2(2a + b)$

$\frac{10}{2} = \frac{2(2a + b)}{2}$

$5 = 2a + b$

$2a + b = 5$ => (Equation 1)

Substituting (3, 33), and c = 6

$f(x) = ax^2 + bx + x$

$33 = a(3)^2 + b(3) + 6$

$33 = 9a + 3b + 6$

$33 - 6 = 9a + 3b + 6 - 6$

$27 = 9a + 3b$

$27 = 3(3a + b)$

$\frac{27}{3} = \frac{3(3a + b)}{3}$

$9 = 3a + b$

$3a + b = 9$ => (Equation 2)

Subtract equation 1 from equation 2 to solve simultaneously for a and b.

$3a + b = 9$

$2a + b = 5$

$a = 4$

Replace a with 4 in equation 2.

$2a + b = 5$

$2(4) + b = 5$

$8 + b = 5$

$8 + b - 8 = 5 - 8$

$b = -3$

The quadratic function that represents the given 3 points would be as follows:

$f(x) = ax^2 + bx + c$

$f(x) = (4)x^2 + (-3)x + 6$

$f(x) = 4x^2 - 3x + 6$

6 0

3 years ago

Can somebody help me out?

Viefleur [7K]

Answer:

Yeah

Step-by-step explanation:

5 0

2 years ago

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velikii [3]

7(a−3+4b)

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7a-7*3+7*4b

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4 0

3 years ago

Read 2 more answers

Sporting Goods Company could ship 6 footballs in each carton how many cartons are needed to ship 75 football

postnew [5]

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8 0

3 years ago

If the width and length of a rectangle are both increased by 10%, by what percent does the area of the rectangle increase?

S_A_V [24]

Answer:

10%

Step-by-step explanation:

We know Perimeter of rectangle

= 2 (Length + Width)

If width and length are increased by 10%

New length= L + 10/100L = (1.1) L

New width = W + 10/100W = (1.1) W

Perimeter = 2 [(1.1) L + (1.1) W]

Perimeter = 2 (1.1) (L + W)

Perimeter = (2.2) (L + W)

Increase in perimeter = 2.2 (L + W) - 2 (L + W)

The increase in Perimeter = 0.2 (L + W)

Percent increase

= 0.2 (L + W)/2 (L + W) × 100

= 0.2/2 × 100

= 0.1 × 100

= 10%

I hope this helped and if it did, please mark as Brainliest.

7 0

2 years ago