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goldfiish [28.3K]
3 years ago
10

Jonathon saves $4,000 at the end of each quarter for 10 years. Assume 12% compounded quarterly and find the present value.

Mathematics
1 answer:
charle [14.2K]3 years ago
5 0

Answer:

Results are below.

Step-by-step explanation:

1. <u>First, we need to calculate the Future Value:</u>

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

n= 10*4= 40

i= 0.12/4= 0.03

FV= {4,000*[(1.03^40) - 1]} / 0.03

FV= $301,605.04

Now, the present value:

PV= FV/(1+i)^N

PV= 301,605.04/(1.03^40)

PV= $92,459.09

2. <u>First, we need to calculate the value of the first year of college:</u>

FV= PV*(1+i)^n

FV= 24,000*(1.04^3)

FV= $26,996.74

Now, the quarterly payments:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

i= 0.08/4= 0.02

n= 3*4= 12

A= (26,996.74*0.02) / [(1.02^12) - 1]

A= $2,012.87

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Write 350 as a product of primes. Use index notation when giving your answer
Mkey [24]

Answer:

5² x 7 x 2

Step-by-step explanation:

350

= 35 x 10

= 7 x 5 x 5 x 2

= 5² x 7 x 2

8 0
2 years ago
The table shows values of of a function F(x). What is the average rate of change F(x) over the interval from X = 5 to x = 9? Sho
vitfil [10]

Answer: the average rate of change  is 4.

Step-by-step explanation:

The average rate of change is the slope. Therefore, you must use the following formula for calculate the slope:

m=\frac{y_2-y_1}{x_2-x_1}

As you can see in the table, when x=5, y=-2 and when x=9, y=14. Then the points you must substitute into the formula are:

(5,-2) and (9,14)

Then, you obtain:

m=\frac{14-(-2)}{9-5}=4

8 0
3 years ago
Which of the following points does Not lie on the graph of y =3x
nalin [4]

Answer:

(2,6)

Step-by-step explanation:

<u><em>The options of the questions are</em></u>

(0,1) (1,3) (2,6) (3,27)

and the given function is    y=3^x

we know that

If a ordered pair lie on the graph of the given equation, then the ordered pair must satisfy the given equation

<u><em>Verify each ordered pair</em></u>

case 1) (0,1)

substitute the value of x and the value of y in the linear equation and then compare the results

1=3^0

1=1 ----> is true

so

The ordered pair lie on the graph of the given equation

case 2) (1,3)

substitute the value of x and the value of y in the linear equation and then compare the results

3=3^1

3=3 ----> is  true

so

The ordered pair lie on the graph of the given equation

case 3) (2,6)

substitute the value of x and the value of y in the linear equation and then compare the results

6=3^2

6=9 ----> is  not true

so

The ordered pair not lie on the graph of the given equation

case 4) (3,27)

substitute the value of x and the value of y in the linear equation and then compare the results

27=3^3

27=27 ----> is  true

so

The ordered pair lie on the graph of the given equation

8 0
3 years ago
Help test due tonight!! *no links please *
Stella [2.4K]

Answer:

Add one to all the x and subtract 4 to all the y values

Step-by-step explanation:

(1,4)= (2,0)

(-4,2)=(-3,-2)

(4,-3)=(5,-7)

8 0
3 years ago
Laurie buys four bags of candy with 10 pieces of candy in each bag. Her father then gives her 5 more pieces of candy. Laurie wan
Alborosie
Your Question:
<span>Laurie buys four bags of candy with 10 pieces of candy in each bag. Her father then gives her 5 more pieces of candy. Laurie wants to give as much of her candy as she can to each of her six friends, and she wants to make sure they each get an equal number of pieces. How many pieces will be left over, if any, after Laurie gives her friends the candy?
My Answer:
If Laurie has four bags with ten pieces in each bag, and if her father gives her five more pieces,  she would have forty-five pieces and if she has six friends and wants to share it equally with six friends. Each friend would get 7 pieces.
My Work:
<span>45 ÷ 6 = 7.5 
</span>Hope I helped
♥ James.</span>
7 0
3 years ago
Read 2 more answers
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