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lina2011 [118]
3 years ago
14

Approximately how much principal would need to be placed into an account earning 1.58% interest compounded monthly so that it ha

s an accumulated value of $90,597 at the end of 25 years?
Mathematics
1 answer:
Natalija [7]3 years ago
5 0

Answer:

The initial investment is $821.58

Step-by-step explanation:

Giving the following information:

Future Value (FV)= $90,597

Number of periods (n)= 25*12= 300

Interest rate (i)= 1.58% = 0.0158

<u>To calculate the initial investment, we need to use the following present value (PV) formula:</u>

PV= FV/(1+i)^n

PV= 90,597 / (1.0158^300)

PV= $821.58

The initial investment is $821.58

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n automobile manufacturer claims that its van has a 37.4 miles/gallon (MPG) rating. An independent testing firm has been contrac
JulsSmile [24]

Answer:

Then z(s) is out of the acceptance region, we reject H₀,  doubts of the independent testing firm are valids

Step-by-step explanation:

We will develop a Hypothesis Test ( a 2 tail test since the independent testing firm is interested in finding out  if there is an incorrect MPG rating from the manufacturer

Test Hypothesis :

Null hypothesis                             H₀            μ    =    μ₀

Alternative Hypothesis                Hₐ             μ    ≠    μ₀

Significance Level   α  = 0,05    α/2  =  0,025

z(c) for α/2   from z-table      z(c)  = - 1, 96   and by symmetry  z(c) = 1,96

Calculating  z(s)

z(s) =  ( μ  -  μ₀ ) / σ /√n

z(s) = ( 37,8 - 37,4 ) / 2,3 /√280

z(s) = 0,4 * 16,73 / 2,3

z(s) = 2,90

Comparison between z(c)  and  z(s)

z(s) > z(c)       2,90 > 1,96

Then z(s) is out of the acceptance region, we reject H₀,  doubts of the independent testing firm are valids

8 0
2 years ago
Are 5(2x-y) and 15x-5y equivalent expressions?
krek1111 [17]

No, they are not equivalent.

5(2x - y) = 10x - 5y and it is not equal to 15x - 5y.

(using distribution property)

6 0
3 years ago
Please helppppp!!!!!!!
ale4655 [162]

Answer:

K 2

J 4

Step-by-step explanation:

Solved it as an equation 2 x+x=6

x= number of miles Katie drives

8 0
2 years ago
Read 2 more answers
Find y when x=77, if y varies inversly as x, and y = 23 when x = 115.
Eduardwww [97]

The required value of y is 2645 / 77 when x = 77.

Step-by-step explanation:

1. Let's check the information given to answer:

if y varies inversely as x, and y = 23 when x = 115. Find y when x=77

2. What is y when x = 77?

As the statement "y varies inversely as x" translates into y = k/x

If we let y = 23 and x = 115, the constant of variation becomes

        23 = k ÷ 115

        k = 23 × 115

        k = 2645

Thus the specification equation is y = 2645  ÷ x . Now, letting x = 77, we obtain

          y = 2645 ÷ x

          y = 2645 ÷ 77

<u>So, The required value of y = 2645 / 77 when x = 77</u>

<u></u>

<u>#learnwithBrainly</u>

7 0
3 years ago
Engineers measure angles in gradients, which are smaller than degrees. The table shows the conversion of some angle measures in
Schach [20]

Answer:

1.11

Step-by-step explanation:

edgenuity

5 0
3 years ago
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