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Rzqust [24]
3 years ago
8

4) If Scott Corbett invests $5,000 at 6% compounded quarterly, how long will it be before

Mathematics
1 answer:
serious [3.7K]3 years ago
8 0
His investment will reach 14,100 after 47 quarters or 11 years and 9 months
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Niki makes the same payment every two months to pay off his $61,600 loan. The loan has an interest rate of 9.84%, compounded eve
Alenkasestr [34]
The question is an annuity question with the present value of the annuity given.
The present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) / (r/t) where PV = $61,600; r = interest rate = 9.84% = 0.0984; t = number of payments in a year = 6; n = number of years = 11 years and P is the periodic payment.
61600 = P(1 - (1 + 0.0984/6)^-(11 x 6)) / (0.0984 / 6)
61600 = P(1 - (1 + 0.0164)^-66) / 0.0164
61600 x 0.0164 = P(1 - (1.0164)^-66)
1010.24 = P(1 - 0.341769) = 0.658231P
P = 1010.24 / 0.658231 = 1534.78
Thus, Niki pays $1,534.78 every two months for eleven years.
The total payment made by Niki = 11 x 6 x 1,534.78 = $101,295.48
Therefore, interest paid by Niki = $101,295.48 - $61,600 = $39,695.48
8 0
3 years ago
Read 2 more answers
I need help on 14,15,16 please help! this is urgent! i’ll give brainlist<br> show work too please!
Rzqust [24]

Answer:

I help u after. my online classing

3 0
2 years ago
Suppose you do an analysis of the starting salaries of 100 recent Lehman graduates. You find that the average starting salary is
madreJ [45]

Answer:

a) (59180,60820)

b) (59020,60980)        

Step-by-step explanation:

We are given the following information in the question:

Mean, μ = $60,000

Standard Deviation, σ = $5,000

Sample size, n = 100

a) 90% critical values

\mu \pm z_{critical}\frac{\sigma}{\sqrt{n}}

Putting the values, we get,

z_{critical}\text{ at}~\alpha_{0.10} = 1.64

60000 \pm 1.64(\frac{5000}{\sqrt{100}} ) = 60000 \pm 820 = (59180,60820)

b) 95% critical values

\mu \pm z_{critical}\frac{\sigma}{\sqrt{n}}

Putting the values, we get,

z_{critical}\text{ at}~\alpha_{0.05} = 1.96

60000 \pm 1.96(\frac{5000}{\sqrt{100}} ) = 60000 \pm 980= (59020,60980)

5 0
3 years ago
(09.04 LC)
azamat

Answer:

(x-7)^2+(y-8)^2=121

Step-by-step explanation:

4 0
2 years ago
Which of the following pairs of functions are inverses of each other ​
Ghella [55]

Option (A) represents the function and its inverse of a function option (A) is correct.

<h3>What is a function?</h3>

It is defined as a special type of relationship, and they have a predefined domain and range according to the function every value in the domain is related to exactly one value in the range.

We have a function and inverse of a function shown in the picture.

Checking for option (A):

\rm f(x) = \dfrac{x}{4}+10 \ \ \ and \  \ \ g(x)  = 4x -10

Taking f(x):

\rm f(x) = \dfrac{x}{4}+10

To find the inverse of a function interchange the x and y variables:

f(x) → x

x  → g(x)

\rm x = \dfrac{g(x)}{4}+10

Solving:

4x = g(x) + 10

g(x) = 4x - 10

Similarly, we can find the inverse of a function.

Thus, option (A) represents the function and its inverse of a function option (A) is correct.

Learn more about the function here:

brainly.com/question/5245372

#SPJ1

8 0
2 years ago
Read 2 more answers
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