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3 years ago

Which is a multiple of 15?

Mathematics

1 answer:

Stells [14]3 years ago

8 0

Ily I hope your having a good day lol

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Seth has a bank account which pays 1.01% interest, compounded quarterly. Seth withdraws $4,567 from the account every quarter fo

dimulka [17.4K]

Answer:

C. $538,021.66

Step-by-step explanation:

It is given that the money Seth withdraws was compounded every quarter for 35 years. So, we get,

Amount withdrawn every quarter, P = $4567

Rate of interest, r = $\frac{0.0101}{4}$ = 0.002525

Time period, n = 35 × 4 = 140

Now, as we know the formula for annuity as,

$P=\frac{r \times PV}{1-(1+r)^{-n}}$

where P = installments, PV = present value, r = rate of interest and n = time period.

This gives, $PV=\frac{P \times [1-(1+r)^{-n}]}{r}$

i.e. $PV=\frac{4567 \times [1-(1+0.002525)^{-140}]}{0.002525}$

i.e. $PV=\frac{4567 \times [1-(1.002525)^{-140}]}{0.002525}$

i.e. $PV=\frac{4567 \times [1-0.7021]}{0.002525}$

i.e. $PV=\frac{4567 \times 0.2975}{0.002525}$

i.e. $PV=\frac{1358.68}{0.002525}$

i.e. $PV=538,091.08$

So, the closest answer to initial value of the account is $538,021.66

Hence, option C is correct.

6 0

4 years ago

Read 2 more answers

Whats the measure of

maxonik [38]

Acute angle i think about 60

8 0

3 years ago

Help. Urgent. Skenekeks

9966 [12]

Answer:

Step-by-step explanation:

Plug in the numbers for the x-value and solve the equation.

| 3(80/3)/4 + 1 | = 16

| 3(-40/3)/4 + 1 | = 16

6 0

3 years ago

I need help with this paper

svp [43]

What grade is this?..

3 0

3 years ago

Read 2 more answers

Which choice shows the coordinates of B’ if the trapezoid is reflected across the x-axis?

Strike441 [17]

For this case we have that the original point is given by:
B = (7, 2)
As the point is reflected through the x axis, then we have the following transformation:
(x, y) --------------> (x, -y) -------------> (x ', y')
Applying the transformation to the original ordered pair we have:
(7, 2) --------------> (7, - (2)) -------------> (7, -2)
Answer:
Point B 'is given by:
B '= (7, -2)

8 0

3 years ago

Read 2 more answers