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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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The scores on the entrance exam at a well-known, exclusive law school are normally distributed with a mean score of 200 and a st
ruslelena [56]

Answer:

the lowest passing score would be x = 298

Step-by-step explanation:

School wishes that only 2.5 percent of students taking test pass

We are given

mean= 200,

standard deviation = 50

We need to find x

The area under the curve can be found by:

2.5 % = 0.025

So, 1- 0.025 = 0.975

We need to find the value of z for which the answer is 0.975

Looking at the z-score table, the value of z is: 1.96

Now, using the formula:

z = x - mean/standard deviation

1.96 = x - 200/50

=> 1.96 * 50 = x-200

98 = x - 200

=> x = 200+98

x = 298

So, the lowest passing score would be x = 298

8 0
3 years ago
For my last question ;-;
seraphim [82]

Answer:

Whats your question

Step-by-step explanation:

PLZ MARK AS BRAINLIEST

8 0
3 years ago
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How do I answer this
solniwko [45]

Answer:

can you put another screen shot its blurry on my end.

Step-by-step explanation:

4 0
3 years ago
I’m not sure how to solve “system of equations”
natka813 [3]

Hey there! :)

Answer:

(2, -2)

Step-by-step explanation:

-2x + y = -6

4x + 3y = 2

We can begin by setting the first equation equal to y:

-2x + y = -6

Add 2x to both sides:

y = 2x - 6

Plug this equation for y into the second equation:

4x + 3(2x - 6) = 2

Distribute:

4x + 6x - 18 = 2

Combine like terms:

10x = 20

x = 2

Plug the value of 'x' into an equation to solve for 'y':

-2(2) + y = -6

-4 + y = -6

y = -2

Therefore, the solution is (2, -2)

7 0
3 years ago
Solve:<br> 1 - 2k += = -3k
MariettaO [177]

Answer:

-1

Step-by-step explanation:

1-2k=-3k

1-2k+2k=-3k+2k

     1=-1k

1/-1=-1k/-1

-1=k

3 0
3 years ago
Read 2 more answers
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