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Rama09 [41]
3 years ago
11

Work the problem for each card, look for the solution at the top of the next card. Use space and show all work

Mathematics
1 answer:
Vinil7 [7]3 years ago
3 0

Answer:Mathematics of Money:

Compound Interest Analysis With Applications

This site is a part of the JavaScript E-labs learning objects for decision making. Other JavaScript in this series are categorized under different areas of applications in the MENU section on this page.

Professor Hossein Arsham    

Compound Interest: The future value (FV) of an investment of present value (PV) dollars earning interest at an annual rate of r compounded m times per year for a period of t years is:

FV = PV(1 + r/m)mt

or

FV = PV(1 + i)n

where i = r/m is the interest per compounding period and n = mt is the number of compounding periods.

One may solve for the present value PV to obtain:

PV = FV/(1 + r/m)mt

Numerical Example: For 4-year investment of $20,000 earning 8.5% per year, with interest re-invested each month, the future value is

FV = PV(1 + r/m)mt   = 20,000(1 + 0.085/12)(12)(4)   = $28,065.30

Notice that the interest earned is $28,065.30 - $20,000 = $8,065.30 -- considerably more than the corresponding simple interest.

Effective Interest Rate: If money is invested at an annual rate r, compounded m times per year, the effective interest rate is:

reff = (1 + r/m)m - 1.

This is the interest rate that would give the same yield if compounded only once per year. In this context r is also called the nominal rate, and is often denoted as rnom.

Numerical Example: A CD paying 9.8% compounded monthly has a nominal rate of rnom = 0.098, and an effective rate of:

r eff =(1 + rnom /m)m   =   (1 + 0.098/12)12 - 1   =  0.1025.

Thus, we get an effective interest rate of 10.25%, since the compounding makes the CD paying 9.8% compounded monthly really pay 10.25% interest over the course of the year.

Mortgage Payments Components: Let where P = principal, r = interest rate per period, n = number of periods, k = number of payments, R = monthly payment, and D = debt balance after K payments, then

R = P × r / [1 - (1 + r)-n]

and

D = P × (1 + r)k - R × [(1 + r)k - 1)/r]

Step-by-step explanation:

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Read 2 more answers
If an open box has a square base and a volume of 115 in.3 and is constructed from a tin sheet, find the dimensions of the box, a
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Let h = height of the box,
x = side length of the base.

Volume of the box is  V=x^{2} h = 115. 
So h = \frac{115}{ x^{2} }

Surface area of a box is S = 2(Width • Length + Length • Height + Height • Width).
So surface area of the box is
S = 2( x^{2}  + hx + hx)  \\ = 2 x^{2}  + 4hx  \\  = 2 x^{2}  + 4( \frac{115}{ x^{2} } )x
= 2 x^{2} + \frac{460}{x}
The surface are is supposed to be the minimum. So we'll need to find the first derivative of the surface area function and set it to zero.

S' = 4x- \frac{460}{ x^{2} }  = 0
4x = \frac{460}{ x^{2} }  \\  4x^{3} = 460  \\ x^{3} = 115  \\ x =  \sqrt[3]{115} = 4.86
Then h=  \frac{115}{4.86^{2}} = 4.87
So the box is 4.86 in. wide and 4.87 in. high. 

5 0
3 years ago
Read 2 more answers
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