Answer:
- value: $66,184.15
- interest: $6,184.15
Step-by-step explanation:
The future value can be computed using the formula for an annuity due. It can also be found using any of a variety of calculators, apps, or spreadsheets.
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<h3>formula</h3>
The formula for the value of an annuity due with payment P, interest rate r, compounded n times per year for t years is ...
FV = P(1 +r/n)((1 +r/n)^(nt) -1)/(r/n)
FV = 5000(1 +0.06/4)((1 +0.06/4)^(4·3) -1)/(0.06/4) ≈ 66,184.148
FV ≈ 66,184.15
<h3>calculator</h3>
The attached calculator screenshot shows the same result. The calculator needs to have the begin/end flag set to "begin" for the annuity due calculation.
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<h3>a) </h3>
The future value of the annuity due is $66,184.15.
<h3>b)</h3>
The total interest earned is the difference between the total of deposits and the future value:
$66,184.15 -(12)(5000) = 6,184.15
A total of $6,184.15 in interest was earned by the annuity.
Answer:
The Falcones have to travel at 25 m/h to make the trip in 2 hours.
Step-by-step explanation:
In order to find the answer you have to use the formula to calculate speed:
speed=distance/time
distance=50 miles. The stament indicates that the distance between Syracuse and Buffalo is 1 inch and that the map has a scale of inch = 50 miles.
time=2 hours
Now, you can replace the values on the formula:
speed=50 miles/2 hours
speed=25 m/h
According to this, the answer is that the Falcones have to travel at 25 m/h to make the trip in 2 hours.
A. 1/5 fish
We know that 2/5 of Mike's fish are clownfish. Therefore, 3/5 are not clownish as 5/5 – 2/5 = 3/5. Also, if you look at the model, there are five pieces. If we assume that model represents the whole of Mike's fish and you take away two pieces, you are left with 3/5. So we know that the remaining fish is 3/5
Next, we know that of these 3/5 fish, 1/3 is damselfish, so we need to find 1/3 of 3/5. To do this, we must multiply 1/3 by 3/5 as "of" means multiply in Math.
So: 1/3 • 3/5 = 1 • 3/3 • 5 = 3/15 3 ÷ 3 = 1 and 15 ÷ 3 = 5 3/15 = 1/5
1/5 of Mike's fish are damsel fish
B. 2/5 fish
Now we know that 1/5 of Mike's fish is damselfish, and 2/5 is clownfish. To find the fraction of his fish that are neither, therefore, we must subtract their sum from the whole.
First, we add 1/5 and 2/5 together. Adding the numerators, 1 and 2, we get 1/5 + 2/5 = 3/5
Next, we subtract: 5/5 – 3/5 = 2/5, so 2/5 of his fish are neither clownfish or damselfish
And if you look at the model again, you can see that if you cross out 1 piece for the damselfish, and 2 pieces for the clownfish, you are left with 2/5
Answer:
$576.80
Step-by-step explanation:
We have been given that Mr. Juárez opened a savings account with an initial deposit of $560 and will not make any additional deposits or withdrawals. The account earns 1% simple interest.
We are asked to find the total amount that Mr. Juárez will have in his account at the end of 3 years.
We will use simple interest formula to solve our given problem.
A = Final amount after t years,
P = Principal amount,
r = Annual interest rate in decimal form,
t = Time in years.
Let us convert 1% into decimal form,
1%=1/100=0.01
P=$560 and t=3
A=$560 (1+0.01(3))
A=$560 (1+0.03)
A= $560 (1.03)
A= $576.80
Therefore, Mr. Juárez will have $576. 80 in his account at the end of 3 years. Hope this helps!
Answer:
It took him 7.5 hrs to drive home.
my bad
Step-by-step explanation:
