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
Rom4ik [11]
2 years ago
7

Having just turned 16 years old, your friend has their mind set on buying a new car by the time they turn 20 years old. They can

afford to save $440 per month. They place the money into an annuity that pays 5.5% per year, compounded monthly. How much will they have to spend on a car after 4 years?
Mathematics
1 answer:
DanielleElmas [232]2 years ago
6 0

having just turned 16 years old, your friend has their mind set on buying a new car by the time they turn 20 years old

You might be interested in
Tori took out A $350,000 loan in order to purchase a house. She has to pay an interest of 5.2% over 35 years. how much interest
Dmitrij [34]

Hello from MrBillDoesMath!


Answer:

Interest paid = $ 1,713,568.73

Monthly p[payment = $4913.25


Discussion:

From the "compound interest formula:

A = final amount

P = Initial amount (Principal)

r = yearly interest rate

n = number of years of accumulation.


In our case,

A = 350000( 1 + .052)^35 =

      350000 (5.90)  =                  (approx)

      $2,063,568.73

Interest =  $2,063,568.73 - 350000 =  $ 1,713,568.73


There are 35 *12 = 420 months in 35 years. So the monthly payment would be   ($2,063,568.73 / 420)  = $4913.25



Thank you,

MrB

5 0
3 years ago
It takes a bear 9 more days to eat a barrel of honey alone than it takes the bear and a second bear to eat the barrel of honey t
Rudik [331]

Answer:

it takes the bears 12 days to eat honey together.

Step-by-step explanation:

1/x+9+1/x+16=1/x

(solve this using cross multiplication)

= x^2 = 144

x=12

8 0
2 years ago
Will mark brainliest to whoever answers correctly first!!!
IgorLugansk [536]
To find the volume, you do area multiplied by thickness( or height)
In this example, you do (1/2*9*6)*10 which is 270
hope I helped ;)
7 0
2 years ago
If the function f(x)=-1/2x-7 were graphed, which of the following would be true? A. The y-values would be negative. B. As the x-
vagabundo [1.1K]

f(x)= -1/2x-7 (better expressed as   f(x) = (-1/2)x - 7  )   has a negative slope, so as x increases, y decreases.  Answer D is correct.


3 0
3 years ago
Read 2 more answers
Which variable expression represents the word phrase? the sum of 12 and the quotient of 9 and a number
iris [78.8K]
"Sum" tells us it's an addition problem:

One term is 12 and the other is 9/x

SO

The expression is:
12+9/x
6 0
3 years ago
Read 2 more answers
Other questions:
  • On a coordinate plane, 2 trapezoids are shown. The first trapezoid has points A (negative 1, negative 2), B (1, negative 2), C (
    5·2 answers
  • The capacity of a beamer is 0.1 liter. convert this to milliliters
    6·1 answer
  • A student claims that 3x + 2y = 5xy. Use a visual representation to show whether this is true or false
    11·1 answer
  • Jennifer Lopez met her 9 cousins at a family reunion. The number of male cousins (x) was 2 less than the number of females cousi
    14·1 answer
  • The Beach!
    13·1 answer
  • What,s the answer of _5y_25=25 ?
    7·1 answer
  • Fill in the missing term in the equation x/x^2-4x+4 - x/x^2-3x+2= ?/(x-2)^2(x-1)
    5·2 answers
  • 600+600+200-200 Giving Brainliest​
    7·2 answers
  • Anyone knows the answer?! ​
    14·2 answers
  • Y=-6x-2, y=-6x-2 how many solutions are in it
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!