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skelet666 [1.2K]
3 years ago
10

4. As part of your retirement planning, you purchase an annuity that pays 4 % annual

Mathematics
1 answer:
padilas [110]3 years ago
3 0

9514 1404 393

Answer:

  a.  $19817.10

  b.  $21998.87

Step-by-step explanation:

The formula for the future value of an annuity with payments "A" and interest at rate r compounded quarterly for t years is ...

  FV = A((1 +r/4)^(4t) -1)/(r/4)

The attachment shows this evaluated for ...

a. A = 900, r = 0.04, t = 5. FV = $19817.10

b. A = 450, r - 0.04, t = 10. FV = 21,998.87

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Esosa pays $43.19 for 3.7 pounds of salmon. What is the price per pound of the salmon?
SSSSS [86.1K]

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$11.67 per pound

Step-by-step explanation:

6 0
4 years ago
Read 2 more answers
An athletic club buys car magnets and pom-poms for club members. The car magnets cost 4.95 each, and pom-poms cost each. The ath
VLD [36.1K]

Answer:

Each car magnet costs $4.95 and each pom-pom costs $0.425

The club spent $495 on 100 car magnets and $85 on 200 pom-poms.

Step-by-step explanation:

I guess that we have to calculate the price of pom-poms and how much money was spent purchasing car magnets and pom-poms.

x + y = 300

2x = y (now we replace y)

x + 2x = 300

3x = 300

x = 100

The club purchased 100 car magnets and 200 pom-poms.

To determine the price of each pom-pom:

($4.95 x 100) + 200P = $580

$495 + 200P = $580

200P = $85

P = $0.425

6 0
3 years ago
What is the equation of the line that passes through point 5,8 and has a y-intercept of -2
Bess [88]

Answer:

y = 2x - 2

Step-by-step explanation:

y = mx + b

Sub x = 5, y = 8, and b = -2 into the equation.

8 = 5m - 2

Isolate the m-term and solve for m.

8 + 2 = 5m -2 + 2

10 = 5m

Divide both sides by 5 to isolate m.

m = 2

Sub the parameters (m and b) into the template to get your equation.

y = 2x - 2

5 0
3 years ago
WILL GIVE BRAINLIEST AND 100 POINTS
Airida [17]

Answer:

Apologiabiology  Ambitious

v=vanilla

c=chocolate

A.

4v+c=45

v+c=27

b.

multiply 2nd equation by -1 and add to first

4v+c=45

-v-c=-27 +

3v+0c=18

3v=18

divide both sides by 3

v=6

sub bac

v+c=27

6+c=27

minus 6

c=21

21chocolate

6 vanila

Step-by-step explanation:

5 0
3 years ago
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