1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Pie
3 years ago
15

____________ is the amount of a $3000.00 annuity due at 12 percent compounded semiannually for 3 years.

Mathematics
1 answer:
snow_tiger [21]3 years ago
5 0
Base on my calculations, the answer is not in the choices given. First, we have to acknowledge that the interest rate given is not the effective interest rate instead it is called the nominal interest rate therefore we have to convert it first to an effective interest rate. We use the following formula:
Effective Interest rate = [[1 + (r/m)]^m] - 1 where r is the nominal interest rate and m is the number of compounding times 
For this case, m is equal to 2 since it is compounded semianually.
Effective Interest rate = [[1 + (.12/2)]^2] - 1 = .1236
We then use the calculated effective interest rate to the formula for the Compound Interest Rate Formula.
Future Value = Present Value (1 + Effective interest rate)^(no. of years)Future Value = 3000 (1 + .1236)^( 3) = 4255.56 dollars
You might be interested in
29*47 in expanded algorithm
Tresset [83]

Hey there! :D

So for this problem, we would do 20+9 x 40 + 7 which equals 1,363.

Hope it helps! :D

7 0
3 years ago
Read 2 more answers
When solving negative one over eight (x + 35) = −7, what is the correct sequence of operations?
Maksim231197 [3]
<span>The answer is:  [C]:  
__________________________________________________________
Multiply each side by −8, subtract 35 from each side.

___________________________________________________________
Explanation:
___________________________
Given: You have (-1/8)*(x + 35) = -7
________________________________________
Note that all the answer choices given start with: "Multiply each side by...."; 
</span>____________________
Given the choices, multiplying EACH SIDE of the equation by "(-8)" would make sense, since doing would cancel the "(-1/8)" on the "right-hand side" of the equation above to a "1" (i.e "cancel out" that ("-1/8") value); and would result in making the "right side" of the equation above ("-7") a positive integer number. 
 Then you would be left with:  x + 35 = 56 ; so the next step would be to:
__________
Subtract: "(35)" from each side of the question [hence the answer choice] to isolate "x" on one side of the equation; and to solve for "x".
_______________________________________________________
6 0
3 years ago
AWARDING BRAINLIEST!!!! Using the distributive property of multiplication write 2(6r+18) in standard form and explain steps
densk [106]
Your answer is 21...

5 0
3 years ago
3/8 x 2/6 x 4/8 x 5/12
Evgesh-ka [11]

Answer:

\frac{5}{192}

Step-by-step explanation:

\frac{3}{8} * \frac{2}{6} * \frac{4}{8} * \frac{5}{12}

Multiply all numerators

3 * 2 * 4 * 5 = 6 * 20 = 120

Multiply all denominators

8 * 6 * 8 * 12 = 48 * 96 = 4,608

\frac{120}{4608}

Simplify

\frac{5}{192}

Hope this helps :)

3 0
3 years ago
Give two original examples of finite set.
TEA [102]

Answer:

The set of all persons in America is a finite set.

The set of all birds in California is a finite set.

Step-by-step explanation: hope those help

3 0
3 years ago
Other questions:
  • Which unit is not a measurement of volume? cm L ml cm3
    15·1 answer
  • Ten pounds of rice are distributed equally into 6 bags to give out at the food bank. How many pounds are in each bag?
    6·2 answers
  • Hershel had 100 baseball cards that he labeled from 1-100. He started with number
    7·2 answers
  • Solve this r/6=5 2/3
    10·2 answers
  • Consider this system of equations and the partial solution below
    8·2 answers
  • SOMEONE PLEASE JUST ANSWER THIS FOR BRAINLIEST!!!
    7·1 answer
  • From a window 20m above the ground, a person could see the top of the house across the street at an angle of elevation of 5 degr
    8·1 answer
  • Simplify (5^1/3)^3.
    7·1 answer
  • Help?? With working out please
    8·1 answer
  • Given the following functions, evaluate each of the following:
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!