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yuradex [85]
2 years ago
15

Michael has just won some money on a game show! He has the option to take a lump sum payment of $700,000 now or get paid an annu

ity of $3,600 at
the beginning of each month for the next 20 years. Assuming the growth rate of the economy is 3.4% compounding annually over the next 20 years, which
is the better deal for Michael and by how much? (4 points)
Mathematics
1 answer:
Maslowich2 years ago
6 0

Answer:

Answer is B, the nominal rate is 3% and the interest rate is 1%

Step-by-step explanation:

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What is the area of this? Please help
Slav-nsk [51]

Answer:

<u>364 cm²</u>

Step-by-step explanation:

Area of the figure :

  • Area (triangle) + Area (rectangle 1) + Area (rectangle 2) + Area (rectangle 3)
  • 1/2 x 20 x 14 + 12 x 9 + 7 x 3 + 19 x 5
  • 140 + 108 + 21 + 95
  • 248 + 21 + 95
  • 269 + 95
  • <u>364 cm²</u>

3 0
1 year ago
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A store buys a remote control robot for $60. They mark it up by 30%. What will be the selling price
exis [7]
The answer would be 78 because 10% of 60 is 6. 6 x 3 = 18 60+18=78
7 0
1 year ago
A small resort is situated on an island that lies exactly 3 miles from P, the nearest point to the island along a perfectly stra
Artemon [7]

Answer:

The distance from the  shoreline from P the pipe from the island will reach land in order to minimize the total construction cost is 0 m, or the pipe should be routed to the point P

Step-by-step explanation:

We note that, cost to lay pipe in water = 2.3 × cost to lay pipe on land

Distance of the small resort on the island from point p on the shoreline = 3 miles

Location of the closest source of fresh water is 10 miles along the shoreline from p

∴ The small resort, the point p and the closest source of the fresh water on the shoreline together form a right triangle with sides

Height = 3 miles

Base = 10 miles and

Hypotenuse = \sqrt{3^2 + 10 ^2} = \sqrt{109} =  10.44 \, m

To find the cost of laying the pipeline by the various route, we multiply the water routes by 2.3 and the land routes by 1 and we get

Costs:

Height =  Water route = 2.3 × 3 miles = 6.9

Base = Land route = 1 × 10 miles = 10

Hypotenuse = Water route = 2.3 × 10.44 miles = 24.012

Therefore, the two routes are either

10 miles to point p and 3 miles across the water to the resort with a cost = 10 + 6.9 = 16.9 or

Directly to the small resort through 10.44 miles across the water with cost = 24.012

Therefore, to minimize cost, the pipe should come from the resort to P from there to the fresh water source.

That is the distance from the  shoreline from P the pipe from the island will reach land in order to minimize the total construction cost = 0 m.

7 0
3 years ago
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fiasKO [112]
Week 15 they'll both weigh 181 lbs
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2 years ago
You have a globe that has a radius of 11 inches. Find the volume of your globe
nordsb [41]

Answer:

V = 4/3

Step-by-step explanation:

Well first you have to pick a letter and i picked V. Then you have to calculate 11. Then you have an equation 11 +1. That equals 12. Then you find 2 numbers that equal 12. The 2 numbers are 4 and 3.

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