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vovangra [49]
4 years ago
10

Tabby Soft believes that it will need new equipment in 5 years. The equipment will cost $26,000. What lump sum should be investe

d today at 6%, compounded semiannually, to yield $26,000? a. $22,558.87 c. $22,390.94 b. $23,948.47 d. $19,346.44
Mathematics
1 answer:
svetoff [14.1K]4 years ago
6 0
The following compounding formula applies:
A = P (1+R/2)^2t

Where, A = Amount after 5 years = $26,000; P = Amount invested now; R = Annual rate of earning = 6% = 0.06; t = time = 5 years.

Substituting;
26000 = P(1+0.06/2)^2*5 = P(1.3439)

Therefore, P = 26000/1.3439 = $19,346.44

The correct answer is d.
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Please Help!!
gladu [14]

Annual rate: 500*0.07 = 35
Year 1: 35
Year 2: 35
Year 3: 35
Year 4: 35
Year 5: 35+500=535
Total=675

Compounded annually
Year 1: 500*1.05=525
Year 2: 525*1.05=551.25
Year 3: 551.25*1.05=578.8125=578.81
Year 4: 578.8125*1.05=607.753125=607.75
Year 5: 607.753125*1.05=638.14
7 0
3 years ago
What is the measure of <br> &lt; B?
iogann1982 [59]

Answer:

c(<B=73)

Step-by-step explanation:

The two congruent sides have equal base angles

34 + 2x = 180

2x = 180 - 34

2x = 146

\frac{2x}{2}  =  \frac{146}{2}

x = 73

hope it was helpful

8 0
3 years ago
Solve for y. -15y – -14y = -9
Black_prince [1.1K]

Answer:

9

Step-by-step explanation:

-15 - -14y = -9

two negatives (close together) makes a positive

-15y + 14y = -9

add like terms

-1y = -9

get y alone (divide whats in front of it) and do the same on the other side

-1y/-1 = -9/-1

if you divide two negatives it makes it positive so youll get 9

4 0
3 years ago
the distance between cincinnati ohio and charlotte north carolina is about 336 miles the distance between cincinnati and chicago
Natasha2012 [34]
336 miles + 247 miles = 583 miles
3 0
3 years ago
The width of a rectangle is 6 less than half the length. If x represents the length, which equation could be used to find the wi
Shtirlitz [24]

Answer:

C. y=1/2x-6

Step-by-step explanation:

The correct answer is C. y=1/2x-6.

If we are finding 1/2 of the length, and the length is represented by x, than we would have 1/2x.

It also says 6 less than halve of the length, so we would represent that as 1/2x-6, and that shows us the proper equation to find the width.

Hope this helps!

5 0
3 years ago
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