Answer:
7.24
Step-by-step explanation:
Answer:
Where's the chart?
Step-by-step explanation:
Annuities
Suppose a fixed investment R is done every fixed number of periods m per year for t years at a constant rate r.
a.
The final value of the investments plus the interest is calculated as follows:
Where:
n = number of total periods of the investment.
n = m*t
The company invests R = $13,000 for t = 10 years at the end of every quarter (3 months), thus m = 4. The interest rate is r = 9% = 0.09.
The interest rate compounds quarterly.
Calculate:
n = 4*10 = 40
i = 0.09 / 4 = 0.0225
Calculating:
FV = $829,220
The company will have $829,220 in scholarship funds
b. The interest can be found by subtracting the final value and the initial value. We have to calculate the latter:
Thus, the interest is:
welcI = $829,220 - $340,516
I = $488,704
The interest is $488,704
Answer:A rational number is such that when you multiply it by 5/2 and add 2/3 to the product you get -7/12 . What is the number.
Step-by-step explanation:Let p/q (q ≠ 0) denote the rational number. Multiplying it by 5/2 gives (p/q)(5/2). Add 2/3 to the product and we get (p/q)(5/2) + 2/3 . The result is given to be -7/12.
∴ (p/q)(5/2) + 2/3 = -7/12 …………………………..……………………………………..(1)
Transposing 2/3 to right-hand-side and changing the sign to negative,
(p/q)(5/2) = -2/3 -7/12 = -(2/3 + 7/12) =- (2 x 4 + 7)/12 (Taking L.C.M.)
Or, (p/q)(5/2) = -(8+7)/12 = - 15/12
Multiplying both sides by 2/5,
(p/q)(5/2) x (2/5) = -15/12 . 2/5 = -(3x5)/(3x4) . 2/5 =- 5/4 .2/5
Since 2/5 is the multiplicative inverse of 5/2, 5/2 x 2/5 = 1 and we obtain
(p/q).1 = -1/4 . 2/1 = -1/2
⇒ p/q = -1/2 which is a negative rational number in which p = 1 and q = 2 ≠ 0 .
∴ the rational number = -1/2
All times. The numbers you are dividing with are quotients.
