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
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  

You might be interested in
The population of a town increased by 15% in 2016, and decreased by 5% in 2017. If the population of the town was 60,000 in the
nikdorinn [45]

Answer:

The population of the town at the end of 2017 was 65,550.

Step-by-step explanation:

The population of the town was 60,000 in the beginning of 2016.

In 2016, the total population is increased by 15%.

60,000\times\frac{15}{100}=9000

Therefore the population is increased by 9000 and the population of the town at the end of 2016 was

60,000+9000=69,000

In 2017, the total population is decreased by 5%.

69,000\times\frac{5}{100}=3450

Therefore the population is decreased by 3450 and the population of the town at the end of 2017 was

69,000-3450=65,500

Therefore the population of the town at the end of 2017 was 65,550.

3 0
3 years ago
Exercise 1: In the right triangle below, calculate the measurement of the unknown side. Show your work.
vekshin1

Answer:

Exercise 1:

base [b]=8cm

perpendicular [p]=6cm

hypotenuse [h]=?

<u>By</u><u> </u><u>using</u><u> </u><u>Pythagoras</u><u> </u><u>law</u>

h²=p²+b²

h²=6²+8²

h=√100

h=10cm

<u>So</u><u> </u><u>another</u><u> </u><u>side's</u><u> </u><u>length</u><u> </u><u>is</u><u> </u><u>1</u><u>0</u><u>c</u><u>m</u>

<u>Exercise</u><u> </u><u>2</u><u>:</u>

base [b]=6m

perpendicular [p]=bm

hypotenuse [h]=8m

By using Pythagoras law

h²=p²+b²

8²=b²+6²

b²=8²-6²

b=√28=2√7 0r 5.29 or 5.3

So height of kite is√<u>28</u><u>o</u><u>r</u><u> </u><u>2√7 0r 5.29 or 5.3 m</u>

Step-by-step explanation:

[Note: thanks for translating]

4 0
3 years ago
What do you see in this picture??(My younger brother's drawing)​
lubasha [3.4K]

Answer:

I see a fish writing on paper

7 0
2 years ago
Read 2 more answers
Find the median of the data set: -66, -48, -52, -42
olga2289 [7]
-66, -52, - 48, -42


If you can have 2 medians (since there is only 4 numbers), it is -52 and -48

If you can only have one,then i believe you choose -50, because it is in between -48 and -52

hope this helps
6 0
3 years ago
What is the least common multiple of15&amp;25
nikklg [1K]
The LCM of 15 and 25 is 75.
3 0
3 years ago
Other questions:
  • On the track and field team, 3/8 of the members do the hurdles. Of the members who do the hurdles, 4/5 also do the long jump. If
    10·1 answer
  • John's paycheck this week was $9.23 less than his paycheck last week. His paycheck this week was $154.01 . How much was John's p
    6·1 answer
  • Round 5.39 to the nearest whole number
    8·2 answers
  • • The manager of a bookstore uses the equation 8 = p - 3.5 to find the price a student pays for a book.
    15·2 answers
  • Which object has the greatest inertia?<br><br> A) Pencil<br> B) Tennis Ball<br> C) Bowling Ball
    11·1 answer
  • Owens birthday cake weights 6 T. (LOL). How many pounds does it weigh?
    8·1 answer
  • Help please,,
    15·1 answer
  • R-(-4x - (y + y)); use x = -4, and y = -3 evaluate ​
    13·1 answer
  • This sphere has a radius of 9 m. What is the surface area of the sphere? Enter your answer, in exact form, in the box
    14·1 answer
  • A system of equations is shown below. Solve for x.<br><br> y = x² - 6x + 4<br> y = x + 1
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!