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Yuki888 [10]
2 years ago
13

Are these figures below similar? NO LINKS!! NEED ANSWER ASAP​

Mathematics
2 answers:
jasenka [17]2 years ago
7 0
Yes they are hope it helps.
Vinvika [58]2 years ago
6 0
Yes they are
Hope this helps
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2/3

6x = 4
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Question 13
charle [14.2K]

The amount to be invested today so as to have $12,500 in 12 years is  $6,480.37.

The amount that would be in my account in 13 years is $44,707.37.

The amount I need to deposit now is $546.64.

<h3>How much should be invested today?</h3>

The amount to be invested today = future value / (1 + r)^nm

Where:

  • r = interest rate = 5.5 / 365 = 0.015%
  • m = number of compounding = 365
  • n = number of years  = 12

12500 / (1.00015)^(12 x 365) = $6,480.37

<h3>What is the future value of the account at the end of 13 years?</h3>

Future value = monthly deposits x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

Where:

  • r = interest rate = 5.3 / 12 = 0.44%
  • n = 13 x 12 = 156

200 x [{(1.0044^156) - 1} / 0.0044] = $44,707.37

<h3>What should be the monthly deposit?</h3>

Monthly deposit = future value / annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

Where:

  • r = 6.7 / 12 = 0.56%
  • n = 2 x 12 = 24

$14,000 / [{(1.0056^24) - 1} / 0.0056] = $546.64

To learn more about annuities, please check: brainly.com/question/24108530

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4 0
2 years ago
Two people bought gas. Each gallon of gas cost the same amount. The money that they spent, in dollars, is represented by the exp
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Answer:

Cost =$3

Amount = 8 gallons and 17 gallons

Step-by-step explanation:

Given

24 + 51

Required

Simplify to show the cost and amount of gas bought by each individual

24 + 51

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3(8 + 17)

The above can't be factored any further.

Since the cost of gas for both individuals is the same, we can conclude the following.

Cost = $3

This is so because it applies to both numbers in brackets

Amount of Gas = 8 gallons and 17 gallons respectively by both individuals

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