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Dennis_Churaev [7]
3 years ago
7

The value of a new $5400 sailboat decreases 10% per year. Find its value after 5 years. Round to the nearest penny.

Mathematics
1 answer:
Furkat [3]3 years ago
5 0

Answer:

FV= $3,352.98

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $5,400

Number of periods (n)= 5 years

Interest rate (i)= 10%

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV / (1 + i)^n

FV= 5,400 / (1.1^5)

FV= $3,352.98

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krok68 [10]

Answer:

Z = - 2, Y = 0, X = 0

Step-by-step explanation:

2X – Y + Z = – 2

6X + 3Y – 4Z = 8

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isolate "X" in the first equation

2X - Y + Z = - 2 => isolate "2X"

2X = - 2 - Z + Y => divide either side by 2

X = - 1 - Z/2 + Y/2

substitute this value of X in the second two equations (applying the substitution method here)

6(- 1 - Z/2 + Y/2) + 3Y - 4Z = 8,

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- 3(- 1 - Z/2 + Y/2) + 2Y +3Z = - 6,

Y + 9Z + 6/2 = - 6

isolate Y in the second equation (6Y - 7Z - 6 = 8) and substitute in the third equation (Y + 9Z + 6/2 = - 6)

6Y - 7Z - 6 = 8 => isolate 6Y

6Y = 14 + 7Z => divide either side by 6

Y = 7Z + 14/6 => substitute in second equation

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61Z + 50/12 = - 6, Z = - 2

substitute the value of Z into the equations "Y = 7Z + 14/6" and using the value of Y and Z, substitute into "X = - 1 - Z/2 + Y/2"

Y = (7(- 2) + 14)/6 = 0 / 6

= 0

X = - 1 - (- 2)/2 + 0/2 = - 1 - (-1) + 0

= - 1 + 1 + 0 = 0

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