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3 years ago

Wilma saves $12,000 at the end of every six months for 10 years. Assume 10% compounded semiannually and find the present value.

1 answer:

7 0

Here we use the formula for compound interest given by:
A=p(1+r/100*n)^(nt)
where:
A=amount=
p=principle=12000
r=rate=0.1
n=# terms=2
t=time=10 years
thus;
A=12000(1+0.1/2)^(2*10)
A=31839.6

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Hi I need this asap if you also explain the work on how you got answers plz and thank you

weeeeeb [17]

Answer:

Q/ Draw a line ; Ans; 

$\frac{9}{5} —>1 \frac{4}{5}$

*explain ; We put the 5 in the denominator and 5 multiply 1 + 4 so equal 9 so the choice 9/5 .

Ans; 7/3—> 2 1/3

*explain ; We put the 3 in the denominator and 3 multiply 2 + 1 so equal 7 so the choice 7/3 .

Ans; 12/10 —> 1 1/5

*explain; simple (12 and 10) ÷ 2 so equal 6/5

We put the 5 in the denominator and 5 multiply 1 + 1 so equal 6 so the choice 6/5 =12/10 .

$\frac{12 \div 2}{10 \div 2} = \frac{6}{5} = 1 \frac{1}{5}$

Q/ Compare the fractions;Ans;

$\frac{2}{3} < \frac{14}{6}$

* explain; 2/3 = 0.66 and 14/6=2.33 so 2.33 greater from 0.66 so 14/6 greater from 2/3 .

$\frac{3}{8} < \frac{8}{3}$

* explain; 3/8 = 0.375 and 8/3=2.666 so 2.666 greater from 0.375 so 8/3 greater from 3/8 .

$2 \frac{1}{6} > \frac{5}{9}$

* explain; 2 1/6 —> We put the 6 in the denominator and 6 multiply 2 + 1 so equal 13 so equal 13/6

13/6 = 2.16 and 5/9=0.55 so 2.16 greater from 0.55 so 13/6 = 2 1/6 greater from 5/9 .

Q/Add; Ans;

$\frac{7}{8} + \frac{5}{8} = \frac{7 + 5}{8} = \frac{12}{8} = \frac{3}{2}$

$\frac{1}{9} + \frac{2}{3} \\ \\ \frac{1}{9} + \frac{6}{9} = \frac{ 1+6 }{9} = \frac{7}{9}$

Q/Subtract; Ans;

$\frac{6}{7} - \frac{4}{7} = \frac{6 - 4}{7} = \frac{2}{7}$

$\frac{7}{3} - \frac{2}{9} \\ \\ \frac{21}{9} - \frac{2}{9} = \frac{21 - 2}{9} = \frac{19}{9}$

Q/ Multiply;Ans;

$\frac{1}{5} \times \frac{1}{2} = \frac{1}{10}$

$\frac{2}{3} \times \frac{3}{8} = \frac{6}{24} = \frac{1}{4}$

Q/Divide;Ans;

$\frac{3}{4} \div \frac{2}{5} \\ \\ \frac{3}{4} \times \frac{5}{2} = \frac{15}{8}$

$\frac{8}{9} \div \frac{1}{3} \\ \\ \frac{8}{9} \times \frac{3}{1} = \frac{24}{9} = \frac{8}{3}$

I hope I helped you^_^

5 0

3 years ago

The Lakeside Marina charges a $35 rental fee for a boat in addition to charging $15 per hour. What is the rate of change for thi

IgorC [24]

Answer:

I think that it is y=15x+35

Step-by-step explanation:

15*x is how many hours and you have to pay $35 regardless to rent the boat

4 0

3 years ago

For this question please tell me if I'm right or wrong. If I'm wrong please correct me.

kotykmax [81]

Answer:

PK represents a radius. Radius only goes half way of the circle.

5 0

3 years ago

Read 2 more answers

16) Your salary goes from $8.75 an hour at your present job to $16.50 an hour in your new job. What is

Agata [3.3K]

Answer:

The percent change in salary from one job to the next is 88.57%.

Step-by-step explanation:

The previous salary of per hour = $8.75 per hour

The current salary of per hour = $16.50 per hour

Change in the salary rate per hour = Current salary - Previous Salary

= $16.50 per hour - $8.75 per hour

=$7.75 per hour

⇒The change in the salary per hour rate is $7.75

Now, $\textrm{Percentage Change in salary} = \frac{\textrm{Change in the rate of salary}}{\textrm{Previous Salary}} \times 100$

= $\frac{7.75}{8.75} \times 100 = 88.57$

or, the change in salary percentage is 88.57%

Hence, the percent change in salary from one job to the next is 88.57%.

4 0

3 years ago

Bob wants $50,000 at the end of 7 years in order to buy a car. if his bank pays 4.2% interest, compounded annually, how much mus

Furkat [3]

The correct answer is $1452.50 per year.

Explanation:
We use the formula
 $P(1+\frac{r}{n})^{nt}+PMT(\frac{[(1+\frac{r}{n})^{nt}-1]}{\frac{r}{n}})\times (1+\frac{r}{n})$ ,

where P is the amount of principal invested, r is the interest rate as a decimal number, n is the number of times per year the interest is compounded, PMT is the monthly deposit added, and t is the number of years.

Since the amount of principal is not stated, we will assume that Bob is depositing the same amount every following year as he does the first year, so we will let PMT=P.

Our interest rate, r, is 4.2%; 4.2%=4.2/100=0.042.

The number of times the interest is compounded annually, n, is 1.
The amount of time, t, is 7.

We know he wants $50,000. This gives us the equation
50000=P(1+0.042/1)⁽¹ˣ⁷⁾+P{[(1+0.042/1)⁽¹ˣ⁷⁾]/(0.042/1)}*(1+0.042/1).

Simplifying this a bit, we have
50000=P(1.042)⁷+P((1.042⁷)/0.042)*(1.042).

We can factor out P, giving us
50000=P[1.042⁷+((1.042⁷)/0.042)*1.042].

This then gives us
50000=P(34.4234).

Divide both sides:
50000/34.4234 = (P(34.4234))/34.4234,

which gives us P=1452.50.

4 0

3 years ago

Read 2 more answers