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2 years ago

Fred invests $3000 at 4.23% compounded quarterly for 3 years. How much

Mathematics

1 answer:

S_A_V [24]2 years ago

5 0

Answer:

3000×(1.0423)cubed = 3403.64-3000=403.64

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boyakko [2]

Answer:

In geometry, a transversal is a line that passes through two lines in the same plane at two distinct points. Transversals play a role in establishing whether two or more other lines in the Euclidean plane are parallel.

Step-by-step explanation:

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2 years ago

Determine whether each of the following products is rational or irrational.

ankoles [38]

Answer:

-irrational

-rational

-irrational

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2 years ago

Based on the graph, what is the initial value of the linear relationship?

Fofino [41]

The initial value of the linear relationship is 5.

Solution:

The y-intercept is the point where the line crosses at y-axis.
The initial value of the linear function is the y-intercept.

On observing the graph, the line crosses y-axis at the point (0, 5).

So, y-intercept = 5

That is initial value = 5

Therefore the initial value of the linear relationship is 5.

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3 years ago

A clothing store charges $30 for 12 pairs of socks. A student says that the unit price is $0.40 per pair. What is the error? Wha

yulyashka [42]

Their error is that they divided 12 by 30, instead of 30 by 12 in order to get the price per pair

the correct unit price is $2.50 per pair

2.5 * 12 = 30

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2 years ago

Read 2 more answers

Find the payment necessary to amortize a 6.3% loan of 7500 compounded semiannually, with 6 semiannual payments. Find the payment

Lorico [155]

Answer:

Semiannual payment = $ 1391.37

Total payment = $ 8348.22

Interest paid = $ 848.22

Step-by-step explanation:

Since, the semiannual payment formula of a loan,

$P=\frac{PV(\frac{r}{2})}{1-(1+\frac{r}{2})^{-n}}$

Where,

PV = present value of the loan,

n = number of semiannual payments,

r = annual rate,

Here, PV = 7500, r = 6.3% =0.063, n = 6,

By substituting the value,

The semiannual payment would be,

$P=\frac{7500(\frac{0.063}{2})}{1-(1+\frac{0.063}{2})^{-6}}$

$\approx \$ 1391.37$

Also, total payment = semiannual payment × total semiannual periods

= 1391.37 × 6

= $ 8348.22,

Also, the interest paid = total payment - present value

= 8348.22 - 7500

= $ 848.22

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3 years ago