3 years ago

Which of the following most be true in this diagram

Mathematics

1 answer:

MrMuchimi3 years ago

7 0

Where’s the diagram?

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Thomas Vega offers to pay $59 of the March cell phone bill. Each of the other 4 members of the family agrees to split the rest o

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59×2=118 cost of bill.
59÷4=14.75 for the other 4 if the bill was 118 assuming Thomas pays half.

or...59 ×5=295
assuming they all pd 1/5 of the bill

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Can someone please help me out here? The grading system where I’m from is a,b,c,d,and f . But for some reason I have all L’s on

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Which of the following is in order from smallest to largest?

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-5,-8,-10,1,7

Step-by-step explanation:

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3 years ago

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3 years ago

What initial investment must be made to accumulate $60000 in 17 years if the money is invested in a mutual fund that pays 12% an

mars1129 [50]

$7881.18

Step-by-step explanation:

Let the initial Investment be $P_{0}$ . The Interest is compounded on a monthly basis at 12% annual interest rate. After 17 years, the Investment amounts to $60,000.

As the annual interest rate is 12%, the monthly interest rate is 1%.

Since this is a compound interest problem, the total amount can be modeled as follows: $P(t)=P_{0}(1+\frac{i}{100})^{t}$

Here $i$ is the interest rate, i.e $1$ , and t is the number of time periods, i.e $17\textrm{ years x }12\frac{\textrm{months}}{\textrm{year}}$ = $204\textrm{ months}$

$60,000=P_{0}\textrm{ x }(\frac{101}{100})^{204}$

$P_{0}=7881.18$

∴ Initial Investment = $7881.18

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3 years ago