1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sasho [114]
3 years ago
13

How much must be deposited today into the following account in order to have $ 50,000 in 6 years for a down payment on a​ house?

Assume no additional deposits are made. An account with monthly compounding and an APR of 5​%
Mathematics
1 answer:
Charra [1.4K]3 years ago
3 0

Answer:

The Amount initially deposited is $37046.64

Step-by-step explanation:

A = p (1+r/n)^(nt)

A= final amount= $5000

P = principal amount=

r = rate = 0.05

n = number of times compounded

= 6*12

= 48

t = years= 6

A = p (1+r/n)^(nt)

50000 = p (1+0.05/48)^(48*6)

50000= p(1.001041667)^288

50000= p (1.34965)

50000/1.34965= p

37046.64 = p

The Amount initially deposited is $37046.64

You might be interested in
How do you use the vertical line test?
Triss [41]
First let you know what to do. OK. Going to drag a ruler. Across the paper. Vertically. And if it touches 2 points on the grid. Then it fails the test.
5 0
4 years ago
A.45<br> B.30<br> C.90<br> D.180<br> E.40<br> F.55<br> G.130<br> H.50
brilliants [131]

Answer:

m<4=40

Step-by-step explanation:

Supplementary angles form 180 degrees

m<3 is vertical to the 50 degree angle which is equal.

so. m<3=50

m<5=90

90+50=140

180-140=40

m<4=40

4 0
3 years ago
Coach Pettaway is buying basketball equipment for his team. He gets a
soldier1979 [14.2K]
First, let’s all acknowledge that whoever comes up with problems like this WANTS kids to hate math...smh

I’m sure there is a prettier way to solve this, but here’s what I did:

8(2.25) + 3(22.50) =
18 + 67.50 = 85.50 per “set” of balls/jerseys
400/85.50 = 4.678 = number of “sets” he can buy. Round down to 4 so we have room for tax.

85.5 x 4 “sets”= $342
Tax on 342 is 0.06 x 342 = 20.52

$342 + 20.52 = $362.52 spent

Basketballs = 4 sets x 8 balls per set= 32
Jerseys = 4 sets x 3 jerseys per set= 12

32 basketballs, 12 jerseys, $362.52 spent

3 0
3 years ago
Pleaseeee help!!
kkurt [141]

Answer:

answer is A. cosine

Step-by-step explanation:

8 0
3 years ago
The table represents a linear equation.which equation shows how (-10,8) can be used to write the equation of this line is point-
larisa86 [58]

Answer:

\large\boxed{y-8=-0.2(x+10)}

Step-by-step explanation:

The point-slope form of an equation of a line:

y-y_1=m(x-x_1)

m - slope

(x₁, y₁) - point

The formula of a slope:

m=\dfrac{y_2-y_1}{x_2-x_1}

From the table we have the points (-10, 8) and (10, 4). Substitute:

m=\dfrac{4-8}{10-(-10)}=\dfrac{-4}{20}=-\dfrac{1}{5}=-0.2

The equation of a line:

y-8=-0.2(x-(-10))\\\\y-8=-0.2(x+10)

5 0
3 years ago
Read 2 more answers
Other questions:
  • Solve the equation for y:<br> 2x + 5y = 20
    15·2 answers
  • What is the equation of the line graphed below?
    8·2 answers
  • PLEASE HELP!!!!There is an 80% chance of rain. The tennis team has a 75% chance of winning if it doesn't rain and only a 35% cha
    12·1 answer
  • Compare standard deviation and residual analysis<br><br> Describe when/how each are used.
    12·1 answer
  • You want to open a checking account at your local bank which offers two options. A standard checking account charges $6 each mon
    13·1 answer
  • PLEASE HELP 2 QUESTIONS 45 POINTS!!!!!!!!!
    12·1 answer
  • A mobile phone plan has a base fee of $50 per month. The monthly cost increases by $10 for every gigabyte of data used. Let c re
    13·2 answers
  • Factoriza la diferencia de cubos
    9·2 answers
  • Question 7 of 10
    12·2 answers
  • All ping-pong tables are on sale for 25% off at Tables 'N Stuff. The
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!