Barbara borrows $4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments. The actual end-of-year payment is

Answers

Answer 1

The actual end-of-year payment or present value of this ordinary annuity is equal to $1,482.

How to calculate the actual end-of-year payment?

For the rate of interest, we have:

Rate of interest, r = APR/12

Rate of interest, r = 0.12/12

Rate of interest, r = 0.01

Next, we would calculate the present value of this ordinary annuity by using this formula:

Present value, PV = [P ÷ [1 - (1 + r)^{-n}]/r]

Where:

r is the interest rate.P is the principal.n is the number of times compounded.

Substituting the given parameters into the formula, we have;

Present value, PV = 4,500 ÷ ((1 - (1 + 0.12)^(-4))/(0.12))

Present value, PV = 4,500 ÷ ((1 - (1.12)^(-4))/(0.12))

Present value, PV = 4,500 ÷ ((1 - 0.635518078)/(0.12))

Present value, PV = 4,500 ÷ ((0.364481922)/(0.12))

Present value, PV = 4,500/3.0373

Present value, PV = $1,481.58 ≈ $1,482.

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Related Questions

x-intercept of (y+12) = 3(x - 9)

Answers

This problem equals 3

Answer: purple is the greatest

Jeffrey earns a constant hourly rate of $12.25 at the tire shop. Which of these best represents the relationship between the number of hours Joseph worked, h, and his total amount earned, t?

Answers

Answer:

The correct equation is t = 12.25h.

Evaluate (6x+3y)-z^(2)÷(2x) when x=-3,y=4,z=-6

Answers

Answer:

24.

Step-by-step explanation:

1. Write the expression.

[tex](6x+3y)-\frac{z^{2}}{(2x)}[/tex]

2. Substitute the variables by the respective given value using parenthesis.

[tex](6(3)+3(4))-\frac{(6)^{2}}{(2(3))}[/tex]

3. Simplify the expression by applying the hierarchy or mathematical operations.

a) Solve parenthesis.

[tex](18+12)-\frac{(6)^{2}}{6}\\ \\30-\frac{(6)^{2}}{6}[/tex]

b) Solve the exponent.

[tex]30-\frac{36}{6}[/tex]

c) Divide.

[tex]30-6[/tex]

d) Subtract.

[tex]24.[/tex]

helpppp please??? brainlesttttt

Answers

a_n=-7+11n

Hope it helps

(b)
The table below shows the cost price, selling price and profit or loss as a percentage of the cost
price.
Complete the table below, inserting the missing values at (i) and (ii).
(i)
(ii)
Cost Price
$55.00
(c) The table shows some rates of exchange :
Calculate the value of
(i) EC $ 1 in TT $......
(ii) US $80 in EC $ .
(iii) TT $648 in US $. .....
Selling Price
$44.00
$100.00
US $1.00 = EC $2.70
TT $1.00 = EC $ 0.40
Percentage
Profit or Loss
25% profit
(4 marks)
. (1 mark)
. (1 mark)
...... (3 marks)
Total 12 marks

Answers

Answer:

US$1.00=EC$2.70 TT$1.00=EC$0.40 calculate the value of : 1.EC$1in TT$ 2.US$80inEC$ 3.TT$648 in US$

Step-by-step explanation:

that what i've got is that I hope that helps you

pls help with this . give only what it ask for the answers.

Answers

Answer:

(10, -1)

Step-by-step explanation:

x + 2x = 3x

-y + y = 0

11 + 19 = 30


3x = 30

3/3 x = 30/3

x = 10

10 - y = 11

y = -11 + 10

y = -1

Find the missing number in the following puzzle.

Answers

Try 14 and 25 ………… ……

The average weight of a population of manatees is unknown. A random sample of manatees selected from the population yields a sample mean of x¯=880.3 pounds. Assume the sampling distribution of the mean has a standard deviation of σx¯=10.4 pounds. Use the Empirical Rule to construct a 68% confidence interval for the true population mean weight.

Answers

The confidence interval that we have for the population mean is given as [869.9 , 890.7]

How to solve for the confidence interval

The confidence interval is the range of values that, if you repeated your experiment or resampled the population in the same manner, you would anticipate your estimate to fall within a specific proportion of the time.

We have the following data that we have to solve this problem with

The mean = x¯=880.3 pounds

The standard deviation = 10.4 pounds.

The confidence interval = 68%

To get the confidence interval for the true mean of the population weight we would have

mean ± standard deviation

880.3 ± 10.4

The interval would be written out as

880.3 - 10.4 and 880.3 + 10.4

the confidence interval =

[869.9 , 890.7]

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2
Linda paid $5.50 for 4 pounds of
strawberries. How much did she pay
per pound of strawberries?

Answers

She paid $1.375 per pound of strawberries.

What is the unit rate?

When expressed rate as a fraction, a unit rate has a denominator of 1.

Since 4 pounds cost $5.50, 1 pound of strawberries will cost 5.50/ 4 ≈ $1.375.

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The municipal swimming pool in Charlotte, North Carolina has three different ways of paying for individual open swimming. Nick is trying to decide which way to pay.
Early Pay: Pay $110.00 before Memorial Day; swim any number of days

Deposit Plus: $30.00 deposit plus $6.00 per day

Daily Pay: $9.00 per day


Write an equation for each method of payment. Write your equations in slope-intercept form so that x is the number of days and y is the cost.
a. Early Pay:
b. Deposit Plus:
c. Daily Pay:

the answer must be a y=mx+b equation for a b and c

Answers

The equations for early pay, deposit plus and daily pay is y = 110, y = 6x + 30 and y = 9x respectively.

What is an equation?

An equation is an expression showing the relationship between two or more numbers and variables.

Let y represent the total cost for swimming x numbers of days.

Early Pay: Pay $110.00 before Memorial Day; swim any number of days. Hence:

y = 110

Deposit Plus: $30.00 deposit plus $6.00 per day. Hence:

y = 6x + 30

Daily Pay: $9.00 per day. Hence:

y = 9x

The equation for early pay is y = 110

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What is [tex]\frac{1000}{\frac{4}{3}\pi }[/tex]

Answers

The result of the expression as given in the task content is; 750/π.

What is the result of the quotient?

It follows from the task content that the result of the division operation as given in the task content is to be determined.

Given the expression; 1000 ÷ (4/3)π

The expression can therefore be rewritten as follows;

1000 × (3/4) π

Hence, we have;

3000/4π

By further simplifying the expression; we have;

750/π

Hence, the result of the division as given in the task content is; 750/π.

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Solve 2x2 + 20x + 8 = 0 by completing the square.

Answers

Answer:

x=−5+ 21 ,−5− 21

Step-by-step explanation:

x= 4−20+4= 214−20−4 =21

Type in only your numerical answer to the given problem if G(x)=x^2-5, then g(3)=?

Answers

G(3) is equal to four.

A die is continuously rolled until the total sum of all rolls exceeds 150 What is the probability that at least 40 rolls are necessary?

Answers

The probability that at least 40 rolls are necessary is 4/15.

What is probability?

Probability shows the likelihood of an event happening.  it can be calculated by dividing the number of outcomes of an event by the total number of possible outcomes or sample space. Probability is equal to '1' when the event is certain to occur. i.e P =1. It is less than '1' when it is not likely to occur. i.e P< 1

Probability P=no. outcomes/total no. of the possible outcomes

From the question;

No of out comes=40

No. of total possible outcome=150

Therefore probability P= 40/150

                                    P=4/15

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What transformation takes the graph of f(z) - 4z +9 to the graph of g (z) = 4x+7?

translation 2 units right

translation 2 units left

translation 2 units down

translation 2 units up​

Answers

The linear function g(z) = 4 · z + 7 is the result of applying the transformation rule g(z) = f(z) - 2 (Translation two units down) on the linear function f(z) = 4 · z + 9 . (Correct choice: C)

What transformation rule is used to transform a given function?

In this problem we find a linear function that is modified into another linear function by a transformation rule. We need to find if the function is modified by a horizontal translation, a vertical translation or a combined translation, that is, a combination of horizontal and vertical translations.

Horizontal translation

g(x) = f(x - k), where k > 0 for a translation in + x direction.

Vertical translation

g(x) = f(x) + k, where k > 0 for a translation in + y direction.

After a quick inspection, we notice that linear function f(z) = 4 · z + 9 is transformed into g(z) = 4 · z + 7 by using vertical translation 2 units down.  Then, we find the following transformation formula:

g(z) = f(z) - 2

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Please help: Which numbers are in order from least to greatest?

A.
0.561, 8.627, 5.325

B.
4.057, 4.122, 5.008

C.
1.742, 1.558, 1.671

D.
6.705, 6.527, 6.211

Answers

B. They go up in order

If you make $4 on a sale of one share of stock that you bought for $22, what is your ROI?

Answers

Answer:

$26

Step-by-step explanation:

David weighed himself each week and recorded a gain of 3.5 pounds, a loss of 8.6 pounds, a loss of 2.1 pounds and a gain of 1.4 pounds. What is David’s overall gain/loss of weight?

Answers

Using simple mathematical operations, David's overall loss is -5.8.

What do we mean by mathematical operations?Calculating a value while using operands as well as a math operator is known as a mathematical "operation."The supplied operands or integers must comply with a specified set of standards pertaining to the symbol of the math operator.A rule that outlines the appropriate procedures to follow when examining a mathematical equation is known as the order of operations.You can recall the PEMDAS actions parenthesis, exponents, multiplication, dividing (from Left to Right), adding, and subtracting in this order (from left to right).

So, the overall gain/loss of David is:

Gain: 3.5 pounds, 1.4 poundsLoss: 8.6 pounds, 2.1 pounds

Now, calculate loss/gain as follows:

3.5 + 1.4 - 8.6 - 2.14.9 - 10.7- 5.8

Therefore, using simple mathematical operations, David's overall loss is -5.8.

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Evaluate this expression. (6x103) ÷ (3x102) express your answer in scientific notation.

Answers

9514 1404 393

Answer:

 2×10¹

Step-by-step explanation:

For division, mantissas divide, and exponents subtract.

Answer:

2*10^1

Step-by-step explanation:

Process

When you divide powers, they can be subtracted -- numerator - denominator in powers

The numbers divide the way you normally would if the question is 6/3 = 2

Numerator power = 3

denominator power = 2

Solution

6*10^3/ 3*10^2 = (6/3) * 10^(3 -2) = 2 * 10^1 = 20

20 = 2 * 10^1


A pet store has 7 cats. Here are their weights (in pounds).
14, 11, 10, 10, 6, 8, 14
Send data to calculator
Find the mean weight of these cats.
If necessary, round your answer to the nearest tenth.
pounds

Answers

To find the arithmetic mean (average) of a group of numbers add the numbers and divide by the total number of items we added.

(12+16+10+8+14+15)/6

= 75/6

= 12.5 (answer is already rounded to nearest tenth)

please help and please use the diagram
7
8
9

Answers

Answer:

↓ ↓ ↓

Step-by-step explanation:

7) Name of plane to piano CIJ:-

Plane AGL

8) Name a segment parallel to BC:-

FE

9) Which segment  is not skew to EK:-

C. CI

______________________

Hope this helps!

Have a great day!

Find x in this equation.

3/8 = 15/5x - 2

Answers

Answer:

x=19/24

Step-by-step explanation:

3/8=15/5x-2

3/8= 3x -2 |*8

3=24x-16

24x=19

x=19/24

Select all possible solutions to the equation (x - 5)² - 6 = 0.

Answers

The two possible solutions of the given quadratic equation are -

x =  +√6 +5 and x =  -√6 +5

What is defined as the solution of equation?Finding the value that a variable expresses is the process of solving an equation. The solution of the equation is the value that was discovered. The collection of all values which, when substituted for unknowns, cause an equation to hold true is known as the solution. Two fundamental algebraic rules using the additive property as well as the multiplicative property are utilised to determine the solutions for equations having an unique unknown raised to a power of one.

For the given question;

(x - 5)² - 6 = 0

Bring constant on other side.

(x - 5)² = 6

Taking square root both side.

√ (x - 5)² = √6

(x - 5) = ±√6

Separate the constant and variables.

x =  ±√6 +5

There are two possible solution.

x =  +√6 +5 and x =  -√6 +5

Thus, the two possible solutions of the given quadratic equation are -

x =  +√6 +5 and x =  -√6 +5.

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I understand it but it won't give me the marks for explaining. What should I try?​

Answers

Answer:

B is never true

Step-by-step explanation:

you can't get a negative number when you have a even power

Which expression is equivalent to the expression below?

2.1 + (–3.7h) + 1.9h – 1.4
3.5 – 5.6h
−1.1h
0.7 + 1.8h
0.7 – 1.8h

Answers

Using the simplification, the equivalent expression of 2.1+(–3.7h)+1.9h–1.4 is 0.7–1.8h.

In the given question we have to find the equivalent expression of the given expression.

The given expression is 2.1+(–3.7h)+1.9h–1.4

Now solving the given expression to find the equivalent expression.

Now solving the expression

=2.1 + (–3.7h) + 1.9h – 1.4

Firstly simplifying the bracket

=2.1–3.7h+ 1.9h – 1.4

=(–3.7h+ 1.9h)+(– 1.4+2.1)

= –1.8h + 0.7

We can write it as

=0.7–1.8h

Hence, the equivalent expression of 2.1+(–3.7h)+1.9h–1.4 is 0.7–1.8h.

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9. The sum of two numbers is 130 and their difference is 34. Let x be the first number and y be the second
number. Set up a system of equations and use the elimination method to find the numbers. You must
show your work.

Answers

Using the system of equations and use the elimination method the two numbers are 82 and 48.

What is the elimination method?

To create an equation in one variable using the elimination approach, you can either add or subtract the equations. To eliminate a variable, add the equations when the coefficients of one variable are in opposition, and subtract the equations when the coefficients of one variable are equal.

Here, we

let the first number = x

let the second number = y

according to the given conditions:

x + y = 130 ........(1)

x - y = 34 .........(2)

Using the elimination method we add both equations (1) and (2) and we get

2x = 164

x = 164/2 = 82

Now, we substitute the value of x in eq (1) and we get

82 + y = 130

y = 130-82

y = 48

Hence, using the system of equations and use the elimination method the two numbers are 82 and 48.

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Is the function that cuts through the points (2, 3) and (-1, 6) increasing or decreasing? a. increasing c. neither b. decreasing d. cannot be determined Please select the best answer from the choices provided A B C D Mark this and return

Answers

The function is decreasing.

rajesh is working out the are of the cirle with radius 10 he writes area=3.142x20 explain why rajesh is wrong

Answers

Answer:

100π = 314.1592654

Step-by-step explanation:

area of a circle πr²

π×10²

10×10 =100

100×π

2. Solve the application problem.

Find the area of a mirror that measures 2 yards by 7/8 yard.

A. 1 3/4 yd^2
B. 5 3/4 yd
C. 1 3/4 yd
D. 5 3/4 yd^2​

Answers

Answer:

Area =  l × w

=  2 × 0.875

=  1 3/4 yd^2 or 1.75 yd^2

hope i helped

Step-by-step explanation:

student enrollment at a local school is concerning because the number of student has dropped to 504, which is 20% decrease from the previous year. what was the student enrollment the previous year?

Answers

The student enrollment the previous year is 630 students.

How to calculate the number of students?

Sine the percentage given is 10% decrease, us implies that the percentage for the previous year will be x

Based on the information given, this will be illustrated as:

x - (20% × x) = 504

x - 0.2x = 504

0.8x = 504.

Divide.

x = 504 / 0.8

x = 630

There were 630 students.

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