Ask question

Ask question

All categories

2 years ago

6

A young couple wants to save $40,000 over the next 5 years and then use this money as a down payment on a home. How much money m

ust they deposit at the end of each quarter in an account that earns 5% compounded quarterly?

1 answer:

saul85 [17]2 years ago

5 0

5% of 40,000 is 2,000

You might be interested in

Mark cast a shadow that is 4 feet long. At the same time, a nearby tree casts a shadow that is 20 feet long. If mark is 6 feet t

Trava [24]

Answer:

30 ft

Step-by-step explanation:

We can use the given information to set up a ratio...

$\frac{Mark's\ height}{Mark's\ shadow}=\frac{Tree's\ height}{Tree's\ shadow}$

$\frac{6\ ft}{4\ ft}=\frac{x}{20\ ft}$

We can solve this ratio using cross multiplication (multiply the numerator of the first fraction by the denominator of the second and the numerator of the second fraction by the denominator of the first):

120 = 4x

Divide both sides by 4

x=30 ft

5 0

2 years ago

How much will the hardwood floor cost?

Genrish500 [490]

I dont see anything...........

3 0

3 years ago

For the equation given below, evaluate y′ at the point (−2,−1).<br><br> 3xy−3x−12=0.

SSSSS [86.1K]

Answer:

Y'=3xy-3x-12

Y'=F(-2,-1)=0

Step-by-step explanation:

The function of the equation at the point (-2,-1)

is where the equation make the function go to zero:

Y'=3xy-3x-12

Y'=F(-2,-1)=[3(-2)(-1)]-[3(-1)]-12

F(-2,-1)=[6]-[-6]-12

F(-2,-1)=6+6-12

F(-2,-1)=12-12

F(-2,-1)=0

Solving for y

3xy-3x-12=0

y=4/x+x

Making y=0

$\frac{4}{x}+x=0$

$x^{2} =-4$

$x=-2$

So the values make the function go to zero

3 0

2 years ago

Which statements apply to the ratio of rice and water? Select two options. The amount of rice is the dependent value. The amount

Snowcat [4.5K]

Answer:

The values cannot be labeled as dependent or independent since any amount can be selected for either.

3 0

3 years ago

Read 2 more answers

Lorico [155]

Answer:

Kindly check explanation

Step-by-step explanation:

Given the following :

Price of home = $220,000

Down payment = 20%

3 points at closing

30 years fixed rate mortgage at 7%

A.)The down payment :

20% of price

0.2 × $220,000 = $44,000

B.) Amount of the Mortgage :

Price - down payment

$220,000 - $44,000 = $176,000

C.) Amount to be paid for the 3 point of closing :

3% of mortgage amount

0.03 * $176,000 = $5,280

D.) monthly payment :

(mortgage amount(1 + rate)) / 30* 12

176000(1 + 0.07)

($176,000 + $12320) / 360

$523

E.) Total cost of interest :

0.07 * 176000 = $12,320

8 0

2 years ago