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I am Lyosha [343]
3 years ago
8

Suppose an annuity pays 6% annual interest, compounded semi-annually. You invest in this annuity by contributing $4,500 semiannu

ally for 6 years. What will the annuity be worth after 6 years?
Mathematics
1 answer:
yaroslaw [1]3 years ago
5 0

Answer:

$3240

Step-by-step explanation:

hope it is well understood

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Joe borrowed $2,000 from the bank at a rate of 7% simple interest per year. How much interest did he pay in 5 years?
Bas_tet [7]
The simple interest formula is I = P * r * t

P is the principal (2,000)
r is the interest rate (7% or 0.07)
t is the time (5)

2000 * 0.07 * 5 = 700

$700.00 is the interest

Joe has to pay $700.00 in interest.

Hope this helps :D 

4 0
3 years ago
Can someone please help me!
Anton [14]

Answer:

D

Step-by-step explanation:

Let's derive the equations for the two graphs;

For the graph towards the right,

The slope = y2-y1/x2-x1; so we choose two corresponding points (x1,y1); (x2,y2)

Let's choose points;

(2,1) and (3,2)

The slope = 2-1/ 3-2 = 1/1 = 1

From the general equation of a line

y = mx + c = 1× x + (-1) = x-1

y = x-1

Similarly for that towards the left we have;

The slope = y2-y1/x2-x1; so we choose two corresponding points (x1,y1); (x2,y2)

Let's choose points;

(2,1) and (3,2)

The slope = 2-1/ 3-2 = 1/1 = 1

From the general equation of a line

y = mx + c = 1× x + (-1) = x-1

y = x-1

Similarly for that towards the left we have;

The slope = y2-y1/x2-x1; so we choose two corresponding points (x1,y1); (x2,y2)

Let's choose points;

(-7,0) and (-4,-3)

Slope = -3-0/ -4-(-7) = -3/ 3 = -1

From the general equation of a line

y = mx + c = -1× x + c = -x + c

Since c is not obvious we can find the equation by picking just a point along the graph along side an arbitrary (x,y) point hence we have for slope;

If we pick (-7,0)

y-0 / x-(-7) = -1

y / x+7 = -1

y = -x -7

The equations of the graphed lines are;

y=x-1

y=-x-7

Look at option D you we see it's the same as the equation of the graph towards the right y=x-1

For the records

y=[x+3]-4 = x+3-4 = x-1

4 0
3 years ago
The value for √10 is approximately between 3 and 4. Approximate further to find the values to the tenths place that √10 is betwe
kondor19780726 [428]
I also need help with this!!
6 0
3 years ago
Daisies phone calls for an ask her to meet at the park in exactly 40 minutes which method should daisy use to most accurately de
NeX [460]

She should keep in mind the time the call was placed


8 0
3 years ago
Read 2 more answers
1) -7v + 4(2 - 5v) = -154
Bad White [126]

Answer:

v=6

Step-by-step explanation:

First let's simplify the equation so it will be easier to PEMDAS the equation later.

-7v+4(2-5v)=-154

-7v+8-20v=-154

-27v+8=-154

Now you must isolate the v variable. You do this by subtracting 8 first and then divide by -27.

-27v+8=-154

-27v=-162

v = 6

5 0
3 years ago
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