Answer: Yes he will be
Step-by-step explanation:
To find out if Ted can afford the car, find the future value of $4,300 in three years.
First convert the number of years and rates to quarterly values as this is the compounding period:
Term = 3 * 4 quarters = 12 quarters
Rate = 5.5% / 4 = 1.375% per quarter
Future value = Amount * ( 1 + rate) ^ term
= 4,300 * ( 1 + 1.375%)¹²
= $5,065.69
<em>Considering that Ted makes $5,065.69 in 3 years, he will be able to buy a car that costs $4,700.</em>
Answer:
the center is (-4,7) and the radius is 3
Step-by-step explanation:
The center of a circle can be found using the equation 
and is (h,k) from it. Notice h and k are the opposite value as in the equation.
First write the equation in this form.
Complete the square with each variable to find what numbers should go in place of the question marks.
Add 16 and 49 to both sides of the equation.
So the center is (-4,7) and the radius is 3.
Answer:
3.50$ x 5.5 = 19.25 $
Step-by-step explanation:
Answer: 24
The area is length times width, or in this case: 6 times 4.
Answer:
Option 4 is correct
Step-by-step explanation:
If the rate is compounded continuously, the formula used to find the future value is:
A= Pe^rt
Where A = Future Value
P= Principal amount
r = interest rate in decimal
t = time
For the given data:
A=?
P = $5000
r = 7% or 0.07
t = 6
Putting values in the above formula
A= 5000e^(0.07 *6)
A = 7609.81
So, Option 4 is correct.
