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Nata [24]
4 years ago
11

What must Bill McGuire invest today to receive an annuity of $12,000 for four years semiannually at a 10% annual rate? All withd

rawals will be made at the end of each period.
Mathematics
1 answer:
beks73 [17]4 years ago
8 0

Answer:

$77,558.55

Step-by-step explanation:

A fix periodic payment for specific period of time.

We need to calculate the present value annuity to determine the value of investment today.

Present value of annuity = P x ( 1 - ( 1 + r )^-n / r )

where

P = Periodic payment = $12,000

r = interest rate = 10% / 2 = 5%

n =numbers of payment = 4 years x 2 = 8 payments

Placing values in the formula

Investment Value today = $12,000 x ( 1 - ( 1 + 5% )^-8 / 5% )

Investment Value today = $77,558.55

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A recipe says to use 3 cups of flour to make 48 cookies. What is the constant proportionality that relates the number of cookies
expeople1 [14]

Answer  k=16

A recipe says to use 3 cups of flour to make 48 cookies.

the number of cookies made, y, to the number of cups of flour used,x .

Than

y = kx

Where k is the constant of proportionality.

48 = 3k

k = 16

Therefore the constant of proportionality is 16.

6 0
3 years ago
Factor 8x^3+2x^2-20x-5
IrinaK [193]

Answer:

(4x+1)(2x^2-5)

Step-by-step explanation:

3 0
3 years ago
A music store is offering a Frequent Buyers Club membership. The membership costs $22 per year, and then a member can buy CDs at
sammy [17]

Answer:the cost of each CD for a member is $5.25

Step-by-step explanation:

The membership costs $22 per year, and then a member can buy CDs at a reduced price.

Let x represent the cost of each CD for a member.

Let n represent the number of CDs that each member buys. This means that the total cost of buying n CDs for a member for a year would be

22 + nx

If a member buys 17 CDs in one year, the cost is $111.25. This means that

17x + 22 = 111.25

17x = 111.25 - 22 = 89.25

x = 89.25/175 = 5.25

6 0
3 years ago
In the construction of a segment congruent to a given segment shown, what is CD?
pogonyaev

If segments AB and CD are congruent, then they have equal lengths:

5x-2=2x+7.

Solve this equation.

1. Separate terms with x and without x in different sides:

5x-2x=7+2,

3x=9.

2. Divide by 3:

x=3.

Then CD=2x+7=2·3+7=6+7=13.

Answer: correct choice is B.

4 0
3 years ago
A cyclist rides in a circle with speed 5 m/s. What is his centripetal
Anna71 [15]

Option A

The centripetal acceleration is 1.32 ms^{-2}

<em><u>Solution:</u></em>

From given question,

A cyclist rides in a circle with speed 5 m/s

The circle has a radius of 19 m

To find: Centripetal acceleration

<em><u>The formula for Centripetal acceleration is given as:</u></em>

a_c = \frac{v^2}{r}

Where,

a_c = centripetal acceleration

r is the radius and v is the velocity

From given statement,

radius = r = 19 m

velocity = v = 5 m/s

<em><u>Substituting the values in above formula, we get</u></em>

a_c = \frac{5^2}{19}\\\\a_c = \frac{25}{19}\\\\a_c = 1.315 \approx 1.32

Thus centripetal acceleration is 1.32 ms^{-2}

6 0
3 years ago
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