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Dafna11 [192]
2 years ago
15

Samuel starts saving for his first car by opening a savings account and depositing $100. He plans to make a deposit every month

to continue saving.
The amount of money in Samuel's savings account can be modeled by the sequence A0=100, An=An−1+75, where n is the number of months since his initial deposit.

Use the drop-down menus below to complete the statements about his savings account growth.
Mathematics
1 answer:
nirvana33 [79]2 years ago
3 0

Answer:

l don't know the answers also

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At the beginning of each of her four years in college, Miranda took out a new Stafford loan. Each loan had a principal of $5,500
kaheart [24]

Answer:

D. $31,337.27

Step-by-step explanation:

We have that the initial amount of the loan is $5500.

Miranda took the loan for 4 years. So, the total present value is $5500×4 = $22,000.

The rate of interest on the loan is 7.5% i.e. 0.075 and it was for the duration of 10 years.

Also, it is given that the loan was compounded annually.

We have the formula as,

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

i.e. PV=\frac{P\times [1-(1+\frac{r}{n})^{-t\times n}]}{\frac{r}{n}}

Substituting the values, we get,

i.e. PV=\frac{P\times [1-(1+\frac{0.075}{12})^{-10\times 12}]}{\frac{0.075}{12}}

i.e. 22000=\frac{P\times [1-(1+0.00625)^{-120}]}{0.00625}

i.e. 22000=\frac{P\times [1-(1.00625)^{-120}]}{0.00625}

i.e. 22000=\frac{P\times [1-0.4735]}{0.00625}

i.e. 22000=\frac{P\times 0.5265}{0.00625}

i.e. P=\frac{22000\times 0.00625}{0.5265}

i.e. P=\frac{137.5}{0.5265}

i.e. P=261.16

Thus, the total lifetime cost to pay of the loans compounded annually  = 261.16 × 120 = $31,339.2

Hence, the total cost close to the answer is $31,337.27

7 0
3 years ago
Read 2 more answers
My question is what is 69 x 420?
elena55 [62]

Answer:

28,980

Step-by-step explanation:

69 x 420 = 28,980

Beatifully written story/play!!!

Very innovative and just awesome!!!

5 0
2 years ago
Is there negative correlation, or no correlation between the day and the sales amount?
FrozenT [24]

Answer:

A: no correlation

Step-by-step explanation:

Hopefully this helps!

3 0
2 years ago
Can someone please. Help, thanks
erastovalidia [21]

Answer:

Do you mean like on the line it would be x=3 or where you looking for a different type of answer?sorry if this isn't too helpful

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
Determine the vertical asymptotes for the reciprocal of this function f(x)=x^2 + 3x -28
Gennadij [26K]

Answer:

x = -7 and x = 4.

Step-by-step explanation:

f(x) = x^2 + 3x - 28

= (x + 7)(x - 4).

The reciprocal of f(x) can be written as

1 / (x + 7)(x - 4).

When the denominator is zero we have vertical asymptotes

so they are x = -7 and x = 4.

7 0
1 year ago
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