All categories

3 years ago

Find the present value of the given future payment at the specified interest rate.

Mathematics

1 answer:

Serggg [28]3 years ago

3 0

Answer:

6.5% of 6000$=6000$x6.5/100=390$

amount of interest = 390$x2=780$

Compound Interest

n=1, 2

Po=6000$

Pn=Po(1+r)^n

Pn=6000$1+6.5%)^n

Pn=6000$(1.065)^n

P1=6000$(1.065)^1=6390$

P2=6000$(1.065)^2=6805.35

You might be interested in

The distribution of annual profit at a chain of stores was approximately normal with mean \mu = \$66{,}000μ=$66,000mu, equals, d

Pepsi [2]

Answer:

The closest to the maximum profit is $x = \$ 83682$

Step-by-step explanation:

From the question we are told that

The mean is $\mu = \$66,000$

The standard deviation is $\sigma = \$ 21000$

The percentage of profit is 20%

Generally the closest to the maximum annual profit at a store where the executives conducted an audit is mathematically evaluated as follows

$P(X > x ) = 0.20$

=> $P(X > x ) = P(\frac{X -x}{\sigma } > \frac{x -66000}{21000} ) = 0.20$

From the z-table the z-score for 0.20 is

$z-score = 0.842$

$\frac{x -66000}{21000} = 0.842$

=> $x = \$ 83682$

4 0

4 years ago

Y less then x squared minus 5x plus 4

sasho [114]

Are you sure its Y? Maybe you mean to put 0

4 0

3 years ago

Graph the function h(x) = |x| + 4

trasher [3.6K]

Answer:

The graph of this function would be a v shape in which the slope is equal to 1 on both sides. The graph would start at (0, 4).

Step-by-step explanation:

We can tell this since the x has no coefficient. We can also tell this because the 4 is outside of the parenthesis.

3 0

4 years ago

A line that has a slope of -2/3 and a y-intercept of -10

sukhopar [10]

Answer:

y = (-2/3)x - 10

Step-by-step explanation:

The equation of a line that has a slope of -2/3 and a y-intercept of -10 is

y = (-2/3)x - 10. Compare this to y = mx + b; the formats are the same.

5 0

3 years ago

A produce store offers red and green apple. In one morning they sold 77 apples total. If 7 of the apples they sold were red, wha

Katena32 [7]

Answer:1:10 is the ratio

Step-by-step explanation:if 7 are red then there are only 70 green left so there are 7 red to every 70 green or reduced is 1:10

3 0

4 years ago

Read 2 more answers