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soldi70 [24.7K]
3 years ago
5

Last year my parents had a combined income of 70,000. They paid 17,000 in federal income taxes. What fraction shows how much my

parents spent on their federal taxes
Mathematics
2 answers:
butalik [34]3 years ago
7 0
Your answer is 17/70.
zimovet [89]3 years ago
3 0
17/70 is your answer
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The Dallas Development Corporation is considering the purchase of an apartment project for $100,000. They estimate that they wil
katovenus [111]

Answer:

  • <u>The rate of return is 8.15%</u>
  • <u>This is a good investment</u>

<u></u>

Explanation:

For the first question, you need to find the rate that makes the present value of a stream of ten constant annual payments of $15,000 equal to the $100,000 investment.

The formula that returns the present value of a constant payment is called the annuity formula and is:

      Present\text{ }value=payment\times \bigg[\dfrac{1}{r}-\dfrac{1}{r(1+r)^t}\bigg]

In your problem you know:

  • Present value: $100,000
  • payment: $15,000
  • r: ?
  • t: 10

You cannot solve for r directly. You must guess a value and calculate the right side of the equation until to you find the rate that makes it equal to 100,000.

Try 5%:

       \$15,000\times \bigg[\dfrac{1}{0.05}-\dfrac{1}{0.05(1+0.05)^{10}}\bigg]=\$115,826

Then, the rate of return is greater than 5%. After several trials you will find that the rate of return is 8.15%.

Since this rate is higher than 8%, which is what the company requires, this is a good investment.

5 0
3 years ago
Tom bought a computer for 15% off from the list price of p dollars. If the sales tax was 8%, how much did he pay for the compute
Dvinal [7]



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8 0
3 years ago
A eagle has landed in a tree 50 feet above sea level. Directly below the eagle, a seagull is flying 17 feet above sea level. Dir
Luba_88 [7]

Answer:

As attached

Step-by-step explanation:

6 0
3 years ago
13+(w)/(7)=-18<br><br> step by step?
kotykmax [81]

w in (-oo:+oo)

w/7+13 = -18 // + 18

w/7+13+18 = 0

1/7*w+31 = 0 // - 31

1/7*w = -31 // : 1/7

w = -31/1/7

w = -217

w = -217


3 0
3 years ago
What is 1.44 divided by 5.96 ROUNDED PLZ
Alekssandra [29.7K]

Answer:

0.24

Step-by-step explanation:

it was 0.24161073 not simplified but since the 1 after the 4 is not greater than five it stays the same and it beccome 0.24

4 0
3 years ago
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