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Sever21 [200]
3 years ago
13

Shen borrowed $8000 at a rate of 12%, compounded semiannually. Assuming he makes no payments, how much will he owe after 7 years

?
Mathematics
1 answer:
Alexandra [31]3 years ago
4 0

Answer:

$18,087.23

Step-by-step explanation:

The future worth of the loan in 7 years compounded semiannually is computed as shown below using the future value formula adjusted for semiannual compounding:

FV=PV*(1+r/2)^n*2

FV is the worth of the loan in 7 years which is unknown

PV is the actual amount of loan which is $8,000

r is the rate of interest of 12%

n is the number of years of the loan which is 7 years

the 2 is to show that interest is computed twice a year

FV=8000*(1+12%/2)^7*2

FV=8000*(1+6%)^14

FV=8000*1.06^14=$18,087.23  

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6 0
3 years ago
21 and 22 are complementary angles. The measure of Z1 is 45 The measure of Z2 is 3x°. Find the value of x. The figure is not dra
Alex

9514 1404 393

Answer:

  x = 15

Step-by-step explanation:

<u>Given</u>:

  ∠1 + ∠2 = 90°

  ∠1 = 45°

  ∠2 = 3x°

<u>Find</u>:

  x

<u>Solution</u>:

  Using the given values in the given equation, we have ...

  45° +3x° = 90°

  15 + x = 30 . . . . . . divide by 3°

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6 0
2 years ago
What is the slope of the line through the points (0,-3) and (2,1)?
Ne4ueva [31]

Answer:

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let's follow the formula this makes it so we can solve! 1--3/2-0

I understand you may get a decimal but don't use 2.5 use a fraction because teachers seem to like fractions and general decimals can be hard to use (experience lol) 2.5 is 5/2 so this means your slope is 5/2

this formula works every single time and if you memorize it you can do any other problems with 2 points! please memorize y2-y1/x2-x1

6 0
2 years ago
What’s the answer to number 18 please?!
kozerog [31]

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4 0
3 years ago
Help me on question 24 please and explain it thanks
Papessa [141]
You know that the sum of the interior angles in a triangle is 180
we will add all the angles,
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x=192/6=32
x=32

8 0
3 years ago
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