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Step2247 [10]
3 years ago
11

) Would you rather receive $1,500 a year for 12 years, or $1,200 a year for 20 years if the interest rate is 7%?

Mathematics
1 answer:
Umnica [9.8K]3 years ago
6 0

Answer:

$1200 should receive.

Step-by-step explanation:

To check whether to receive $1500 or $1200 just find the present values of each amount.

Present value of annuity $1500:

Present value of annuity = Annuity (P/A, 7%, 12)

Present value of annuity = 1500 (P/A, 7%, 12)

Present value of annuity = 1500 (7.9426)

Present value of annuity = $11913.9

Present value of annuity $1200:

Present value of annuity = Annuity (P/A, 7%, 20)

Present value of annuity = 1500 (P/A, 7%, 20)

Present value of annuity = 1500 (10.5940)

Present value of annuity = $15891

Thus, $1200 should receive.

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Andrew claims the initial value and y - intercept are the same thing on a graph. Is he correct?
Agata [3.3K]

Answer:

We conclude that the initial value and y-intercept are the same thing on a graph.

Please check the attached graph of the equation y = 2x+1.

Step-by-step explanation:

We know that the initial value on a graph is basically the out-put value y of the point where the line meets or crosses the y-axis.

In other words, the initial value is the y-value or output of the point at x = 0

For example,

Let the equation

y = 2x+1

substitute x = 0

y = 2(0)+1

y = 0+1

y = 1

Thus, the initial value of the equation y = 2x+1 is: y = 1

Please check the attached graph of the equation y = 2x+1.

It is clear from the graph that at x = 0, the value of y = 1.

Thus, at y = 1, the line meets the y-axis.

Hence, the initial value of the line is: y = 1

Similarly, we know that the value of the y-intercept can be determined by setting x = 0 and determining the corresponding value of y.

For example,

Let the equation

y = 2x+1

substitute x = 0

y = 2(0)+1

y = 0+1

y = 1

Thus, the y-intercept of y = 2x+1 is y = 1.

Please check the attached graph of the equation y = 2x+1.

It is clear from the graph that at x = 0, the value of y = 1.

Therefore, the y-intercept of y = 2x+1 is y = 1.

Conclusion:

Therefore, we conclude that the initial value and y-intercept are the same thing on a graph.

Please check the attached graph of the equation y = 2x+1.

6 0
3 years ago
Which of the following functions has a rate of change of 5?(2 points)
topjm [15]

Answer:

f(5)=225 and f(10)=250

Step-by-step explanation:

8 0
3 years ago
What is the length of side y to the nearest hundredth? A y = 46.77 ft. B. y = 60.37 ft C. y = 27.00 ft D y= 81.00 ft
Oliga [24]

Answer:

2 feet

Step-by-step explanation:

3 0
3 years ago
The sum of twice a number and 15 is-42
Ganezh [65]
The equation is -42=2a+15
I just picked the variable to be a
Now I would divide 2a by 2 to make it just a
And divide -42 by 2 to make it -21. Then you would have -21=a+15
Subtract 15 from 15 to cancel it out
And then subtract 15 from -21 to get
-36=a
the variable is -36
7 0
3 years ago
miss Clara runs a catering business she's buying fruit to make a large order for fruit salad she buys 5 3/10 pounds of apples th
IRISSAK [1]
Miss Clara bought:

5 3/10 pounds of apples
3 4/10 pounds of oranges
1/10 pounds of bananas
3/10 pounds of green apples
5/14 pounds of red grapes

To find out how many pounds of grapes Miss Clara bought in all, we just have to add up all the amounts of fruit that she bought.

Clara's total pounds of fruit = 5 3/10 + 3 4/10 + 1/10 + 3/10 + 5/14

First, we shall add the mixed numbers together.  5  3/10 + 3 4/10 = 8 7/10.  Therefore,

Clara's total pounds of fruit=8 7/10 + 1/10 +3/10 + 5/14

Next, we shall add up the fractions with common denominators.  1/10+ 3/10 = 4/10.  Therefore,

Clara's total pounds of fruit = 8 7/10 + 4/10 + 5/14

After that, we should add the mixed numbers and fractions with common denominators.  8 7/10 + 4/10 = 9 1/10.  Therefore,

Clara's total pounds of fruit = 9 1/10 + 5/14

Finally, we must add up the remaining terms.  9 1/10 + 5/14 = 9 16/35.  

Therefore, Miss Clara bought 9 16/35 pounds of fruit in all.


7 0
3 years ago
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