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Katyanochek1 [597]
3 years ago
8

You want to have $35,000 in cash to buy a car 3 years from today. you expect to earn 3.6 percent, compounded annually, on your s

avings. how much do you need to deposit today if this is the only money you save for this purpose
Mathematics
1 answer:
GREYUIT [131]3 years ago
5 0
The appropriate formula to use here is

A = P (1 + r)^t, 
where A is the final amount, P is the initial amount, r is the annual interest rate as a decimal fraction, and t is the number of years (number of compounding periods).

Substituting the givens:  $35000 = P(1+0.036)^3

                                   $35000
Solving for P:  P = ----------------- = $31476.67    (answer)
                                (1.036)^3
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Is 3^100/3^99 greater than,less than, or equal to 3??
oksian1 [2.3K]

Answer:

\frac{3^{100}}{3^{99}} = 3

Step-by-step explanation:

\frac{a^{m}}{a^{n}}=a^{m-n}, m>n\\\\

Therefore,

\frac{3^{100}}{3^{99}}=3^{100-99}=3^{1}=3\\\\\frac{3^{100}}{3^{99}} = 3

6 0
3 years ago
The graph below shows two polynomial functions, f(x) and g(x):
neonofarm [45]
The answer is '<span>f(x) is an odd degree polynomial with a positive leading coefficient'.

An odd degree polynomial with a positive leading coefficient will have the graph go towards negative infinity as x goes towards negative infinity, and go towards infinity as x goes towards infinity.

An even degree polynomial with a negative leading coefficient will have the graph go towards infinity as x goes toward negative infinity, and go towards negative infinity as x goes toward infinity.

g(x) would have a a positive leading coefficient with an even degree, as the graph goes towards infinity as x goes towards either negative or positive infinity.
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3 0
3 years ago
Read 2 more answers
You are buying a house that cost 650,000 and you put down a down payment. you take out a loan for the remainder of the amount, o
gayaneshka [121]
<h3>Answers:</h3>

Monthly Payment = $4,702.68

Total Payments = $846,482.40

Interest = $261,482.40

Delete the dollar signs and/or commas if needed.

=====================================================

Explanation:

The down payment is 10% of the home's value

This means that the buyer pays $65,000 up front (since 0.10*650,000 = 65,000).

The remaining 650,000 - 65,000 = 585,000 dollars is loaned in the mortgage.

Or you could write it like this 95% of 650,000 = 0.95*650,000 = 585,000

-----------------

The monthly payment formula is

P = (L*i)/( 1-(1+i)^(-n) )

where,

  • P = monthly payment
  • L = amount loaned
  • i = interest rate per month in decimal form
  • n = number of months

In this case,

  • L = 585,000 dollars
  • i = 0.0525/12 = 0.004375 exactly
  • n = 15*12 = 180 months (equivalent to 15 years)

So,

P = (L*i)/( 1-(1+i)^(-n) )

P = (585000*0.004375)/( 1-(1+0.004375)^(-180) )

P = 4702.6846353538

P = 4702.68

The monthly payment is $4,702.68

-----------------

Let's now compute the total amount paid back (principal + interest)

If you pay 4,702.68 dollars per month over the course of 180 months, then you pay back a total of 4702.68*180 = 846,482.40

The total payments add up to 846,482.40 dollars.

-----------------

To compute the interest only, subtract the total payments from the amount loaned.

846,482.40 - 585,000 = 261,482.40 is the amount of interest only.

8 0
1 year ago
How many terms are in the expression?
Fed [463]

Answer:

Each expression is made up of terms. A term can be a signed number, a variable, or a constant multiplied by a variable or variables. Each term in an algebraic expression is separated by a + sign or J sign. In , the terms are: 5x, 3y, and 8.

Step-by-step explanation:

8 0
3 years ago
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PLS HURRY WILL GIVE BRAINLIEST 30 POINTS!! What is the solution to the system of equations graphed below?
Furkat [3]

Answer:

the solution to thay is when you poop it comes straight out ur butt but when u pee it comes straight out yk what use that example and you'll find the answer ad soon as possible

4 0
2 years ago
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