Find the amount and the present value of an annuity of P540 payable every end ofthe month at 7% compounded monthly for 4 years and 5 months.

Answers

Answer 1

We have to find the present value of a annuity of $540 payable every end of the month at 7% compounded monthly for 4 years and 5 months.

We can express the present value PV as:

[tex]PV=M\cdot\frac{[1-(1+r\/m)^{-n\cdot m}]}{r\/m}[/tex]

where M: monthly payment (M = 540), r: annual nominal rate (r = 0.07), m: number of subperiods of compounding per year (m = 12) and n: number of years (n = 4+5/12).

We can replace the variables with its value and calculate PV as:

[tex]\begin{gathered} PV=540\cdot\frac{[1-(1+\frac{0.07}{12})^{-53}]}{\frac{0.07}{12}} \\ PV\approx540\cdot\frac{[1-(1.005833)^{-53}]}{0.005833} \\ PV\approx540\cdot\frac{1-0.7347}{0.005833} \\ PV\approx540\cdot\frac{0.2653}{0.005833} \\ PV\approx540\cdot45.4826 \\ PV\approx24560.60 \end{gathered}[/tex]

Answer: The present value of teh annuity is P 24560.60.


Related Questions

help me pleaseeeeeeeeeeeeeeeeeeeeeeeeeeee




thank you

Answers

The domain can be best described using interval notation. The domain is [-7,8].

The range can be best described using interval notation. The range is [-4,3]

The graph of a function is given. As the graph is a straight line, it is clear that the function is a linear function. Also the function graphed has no breaks or jumps. Hence the function is continuous.

The domain of a function is the x-values for which the function is defined or the function has values.

The values of the function corresponding to the x-values in the domain is called the range. It is also called image and is a subset of the co-domain set.

Now since the graph of the function given is continuous we can better describe the domain and range of the function in the form of intervals.

The x-values for which the function is defined lies form -7 to 8 on the x-axis and hence it is the domain.

The y-values corresponding to the x-values in the domain lies between -4 and 3 on the y-axis and hence it is the range.

That is,  The domain is [-7,8] and  The range is [-4,3].

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Identify the digit with the given place value. 116.625 thousandths

Answers

The given number : 116.625

The function C(x) = 10x +3,000 represents the cost to produce a number of items. How many items should beproduced so that the average cost is less than $30?Provide your answer

Answers

Given:

The cost function is C(x) = 10x + 3000.

Explanation:

The equation for the average cost is,

[tex]\begin{gathered} A(x)=\frac{C(x)}{x} \\ =\frac{10x+3000}{x} \end{gathered}[/tex]

The inequality for x is,

[tex]\frac{10x+3000}{x}<30[/tex]

Solve the inequality for x.

[tex]\begin{gathered} \frac{10x+3000}{x}\cdot x<30\cdot x \\ 10x+3000-10x<30x-10 \\ \frac{3000}{20}<\frac{20x}{20} \\ 150So the number of items should be more than 150.

a(n)=3n-7 what is the sum of the 1st and 5th terms of sequence

Answers

Answer: 4

Step-by-step explanation:

To find the first term you replace n with 1.

a(1) = 3(1) -7

a(1) = -4

Now that you have the first term you must find the fifth term by filling in 5 for n.

a(5) = 3(5) - 7

a(5) = 15 - 7

a(5) = 8

Now that we have both terms simply add them together to find the sum.

-4 + 8 = 4

How many lines of symmetry does the figure have

○ 8
○ 7
○ 9
○0

Answers

Answer:

7

Step-by-step explanation:

First count the sides and draw a line above the shape and you will it's 7

In which of the following categories do the three families spend about the same dollar amount each month (within $25 of each other)? Select all that apply.HousingFoodChildcareTransportationInsuranceOther NeedsTaxes

Answers

Answer:

Food

Transportation

Explanation:

To find thh correct category, we need to calculate the amount spend on each category for each family, so taking into account the circle graphs, we get:

Family A (income: $5,400)

Housing: 5400 x 19% = 1026

Food: 5400 x 14% = 756

Childcare: 5400 x 18% = 972

Transportation: 5400 x 11% = 594

Insurance: 5400 x 23% = 1242

Other Needs: 5400 x 9% = 486

Taxes: 5400 x 5% = 270

Saving: 5400 x 1% = 54

Family B (income $4675)

Housing: 4675 x 16% = 748

Food: 4675 x 16% = 748

Childcare: 4675 x 18% = 841.5

Transportation: 4675 x 13% = 607.75

Insurance: 4675 x 28% = 1309

Other Needs: 4675 x 7% = 327.25

Taxes: 4675 x 2% = 93.5

Family C (income: $6675):

Housing: 6675 x 14% = 934.5

Food: 6675 x 11% = 734.25

Childcare: 6675 x 30% = 2002.5

Transportation: 6675 x 9% = 600.75

Insurance: 6675 x 20% = 1335

Other Needs: 6675 x 6% = 400.5

Taxes: 6675 x 10% = 667.5

Now, we need to calculate the differences in each categories:

Housing

A - B = 1026 - 748 = 278 > 25

Food

A - B = 756 - 748 = 8

B - C = 748 - 734.5 = 13.5

A - C = 756 - 734.25 = 21.75

Childcare

A - B = 972 - 841.5 = 130.5 > 25

Transportation

A - B = 594 - 607.75 = -13.75

B - C = 607.75 - 600.75 = 7

A - C = 594 - 600.75 = -6.75

Insurance

A - B = 1242 - 1309 = -67 < -25

Other Needs

A - B = 486 - 327.25 = 158.75 < 25

Taxes

A - B = 270 - 93.5 = 176.5 > 25

Therefore, the answers are:

Food

Transportation

help fast please!!!!!!

Answers

Answer:

B is correct.

Step-by-step explanation:

[tex] \frac{5.96 \times {10}^{4} }{2.98 \times {10}^{3} } = 2 \times 10 = 20[/tex]

10 candidates are running for president and vice presidentpositions. What is the probability that a particular candidatedoes not win a position?Select one:1/5, 1/20, 1/10, 4/5

Answers

The answer is:

[tex]\frac{4}{5}[/tex]

Explanation:

To calculate the probability of an event A occurring, we use the formula:

[tex]P(A)=\frac{favorable\text{ }outcomes}{total\text{ }outcome}[/tex]

And, if P(A) is the probability of A occurring, the probability of A not occurring is:

[tex]P(\neg A)=1-P(A)[/tex]

In this case, for a particular candidate to win a position, the total outcome is 10 people, and the favorable outcome is 2, for the 2 positions to be elected.

Then:

[tex]P(A)=\frac{2}{10}[/tex][tex]P(A)=\frac{1}{5}[/tex]

This is the probability of winning a position. The probability of not winning is:

[tex]\begin{gathered} P(\neg A)=1-\frac{1}{5} \\ p(\neg A)=\frac{4}{5} \end{gathered}[/tex]

pls help thx i don’t know what to do here options are a)0.3125b)2.2c)6.6d)3.2

Answers

Given:

The graph for height and width.

[tex]Height=constant\times width[/tex]

Required:

What is the value of the constant in the equation?

Explanation:

From graph, we can evaluate respective values in equation and can get value of constant as:

[tex]\begin{gathered} height=constant\times weight \\ 1.6=constant\times0.5 \\ constant=3.2 \end{gathered}[/tex]

Answer:

The value of constant equals 3.2

Write the equation in point-slope form of the line that passes through the given point with the given slope.

(3, 1); m = 2

Answers

Answer:m = (y – y1)/ (x – x1)

⇒ y – y1 = m(x – x1)….(i)

Step-by-step explanation:

- Part A: Is x = 6 a solution of the equation 8x+8 = 56? Explain. Part B: Suppose the solution x = 6 increases to x = 9, and the left side of the equation stays the same. How would the right side need to change if the solution is now x = 9?​

Answers

Answers to both subparts are given below:

(A) Yes, x = 6 is the solution of the equation 8x+8 = 56.(B) We need to add 24 on the right side of the equation when x = 9.

What do we mean by equations?The definition of an equation in algebra is a mathematical statement that demonstrates the equality of two mathematical expressions. For instance, the equation 3x + 5 = 14 consists of the two expressions 3x + 5 and 14, which are separated by the 'equal' sign.

So, (A) x = 6 is the solution of equation 8x+8 = 56:

Substitute x = 6 in equation 8x+8 = 56 as follows:

8x+8 = 568(6)+8 = 5648 + 8 = 5656 = 56

Yes, x = 6 is the solution of the equation 8x+8 = 56.

(B) The change on the right side if x = 9:

Substitute x = 9 in equation 8x+8 = 56 as follows:

8x+8 = 568(9) + 8 = 5672 + 8 = 5680 = 56

Now,

80 - 56 = 24

So, we need to add 24 on the right side of the equation when x = 9.

The answers to both subparts are given below:

(A) Yes, x = 6 is the solution of the equation 8x+8 = 56.(B) We need to add 24 on the right side of the equation when x = 9.

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Farmer Jill needz to ship 9,918 apples if each crate can hold 21 apples how many full crates of apples will jill get how many will be leftover

Answers

The most appropriate choice for division will be given by -

Number of crates = 472 and number of apples remaining = 6

What is division?

Division is the process by which value of single unit can be calculated from the value of multiple unit.

The number to be divided is known as dividend, the number by which the dividend is divided is the divisor, the result obtained is the quotient and the remaining part is the remainder.

There is a well known formula for division

Divisor x Quotient + Remainder = Dividend.

Here,

Total number of apples = 9918

Number of apples in one crate = 21

Total number of apples = 9918 ÷ 21

Quotient of 9918 ÷ 21 = 472 and remainder = 6

Number of crates = 472 and number of apples remaining = 6

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A substance has a mass of 53 grams. Its volume is 12 ml3. What is thedensity? Round to the nearest Tenth. (1 number after decimal) & be sure toinclude the correct label.Your answerThe density of sulfur is 2.1g/cm3. If you have a volume of 6 cm3, what is the poinmass? Round to the nearest Tenth.

Answers

1) Gathering the data

mass = 53 g

V = 12 ml

The density is given using the following formula:

[tex]\begin{gathered} d=\frac{m}{V} \\ d\text{ =}\frac{53}{12\text{ }} \\ d=4.42\text{ g/ml} \end{gathered}[/tex]

If this trapezoid is moved through the translation (x+3, y-2), what will the coordinates of B’ be?

Answers

The coordinates of B' in the image of the trapezoid upon translation would be; (-2, 2).

What would be the coordinates of B' after the translation (x+3, y-2) has been done on the trapezoid?

It follows from the task content that the coordinates of the point, B' on the trapezoid after the translation (x+3, y-2) has been carried out is to be determined.

On this note, since it follows from the image attached that the coordinates pair of point B, in the trapezoid's pre-image is; (-5, 4).

It simply follows that upon carrying out the transformation; (x+3, y-2) on the trapezoid, the coordinates pair of point B is; (-5+3, 4 -2).

Hence, the required coordinate pair of point B' is; (-2, 2).

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At a lacrosse tournament, students are charged $7 per ticket and adults are charged $10 per ticket. If 450 people attended the tournament, and a total of $4,200 was collected in ticket fees, how many students attended the tournament?

60
100
200
280

Answers

The number of students that attended the tournament is 100.

How many students attended the tournament?

The simultaneous equations that would be used to solve this question is:

10a + 7s = 4,200 equation 1

a + s = 450 equation 2

Where:

a = number of adults s = number of students

The elimination method would be used to solve the equations.

Multiply equation 2 by 10

10a + 10s = 4500 equation 3

3s = 300

Divide both sides of the equation by 3

s = 300 / 3

s = 100

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Slope is 1 and (-2,1) is on the line

Answers

Answer:

y = x + 3

Step-by-step explanation:

Write the equation?

Use:

m (slope) = 1

x = -2

y = 1

y=mx + b

1 = 1(-2) +B

1 = -2 + b   Add 2 to both sides

3 = b

y = mx + b

y = 1x + 3

y = x + 3

Which of these expressions entered into a graphing calculator willreturn the probability that 45 or fewer heads come up when flipping acoin 100 times?

Answers

Prob P = Heads/ flips

. = (n,p,c)

Here n is number of flips

. p is prob of 1 success

. c number of sucess

Then ANSWER IS

OPTION A) binomcdf (100,0.5, 45)

Your tractor broke down and was in the shop for 4 days.
Mechanics worked on it for 21.4 hours at $48 per hour. They
replaced $1875.42 worth of parts. You lost $18 per hour by not
having the use of the tractor. You work a 15 hour day. How
much did the labor cost? How much did you lose by not having
the use of your tractor?

Answers

The total labor cost for repairing the tractor including the parts replacement is $2902.62 and the loss by not having the use of tractor is $1080.

What is Direct Labor?

An individual product, cost center, or work order is assigned to a certain amount of direct labor, which is labor used in production or services. The production team that creates items, such as machine operators, assembly line workers, painters, and so on, is referred to as direct labor when a business generates products.

Total hours of mechanic worked is 21.4Cost for mechanic per hour is $48Cost for replacement of parts = $1875.42Total labor cost = (Total hours of mechanic worked)(Cost for mechanic per hour) = (21.4)(48) = $1027.2Total labor cost including replacement of parts = (Total labor cost)+(Cost for replacement of parts) = $2902.62 Total days the tractor kept in the mechanic shop is 415 hours of work is done with a profit of $18 per hourThe loss by not having the use of tractor= (Total days the tractor kept in the mechanic shop) (hours of work is done in a day) (profit per hour)The loss by not having the use of tractor= (4)(15)(18) = $1080

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A jogger goes 0.8 mi east and then turns south. If the jogger finishes 1.7 mi fromthe starting point, how far south did the jogger go?

Answers

We can use Pythagoras theorem:

[tex]\begin{gathered} H^2=a^2+b^2 \\ \\ \end{gathered}[/tex]

Where H=hypotenuse and "a" and "b" are the other sides of the triangule.

In the current problem, we have:

H = 1.7, a = 0.8, b=?

Then:

A spherical tank for liquefied petroleum is 8.0 in. In diameter. What is the ratio of the surface area to the volume of tank

Answers

The ratio of the surface area to the volume of the tank is 3 : 4

What is volume?

The volume of a shape is the amount of space in it

How to determine the ratio?

The given parameter is

Diameter, d = 8.0 inches

Calculate the radius of the above diameter

So, we have

r = d/2

Substitute the known values in the above equation

r = 8/2

Evaluate

r = 4

The surface area of a sphere is

A = 4πr²

Where r represents radius

So, we have

A = 4π(4)²

The volume of a sphere is

V = 4/3πr³

Where r represents radius

So, we have

V = 4/3π(4)³

The ratio is represented as

Ratio = A : V

So, we have

Ratio = 4π(4)² : 4/3π(4)³

Divide by 4³π

Ratio = 1 : 4/3

Multiply the ratio by 3

Ratio = 3 : 4

Hence, the ratio is 3 : 4

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A={1,2,6} B= {x | x is an odd whole number less than 8}. Find A∪B.

Answers

The value of set A union set B is A ∪ B = { 1, 2, 3, 5, 6, 7 }.

Consider the set,

A = { 1, 2, 3 }

And, B = { x | x is an odd whole number less than 8 }

An integer's parity determines whether it is even or odd. If an integer is a multiple of two, it is even; otherwise, it is odd.

Therefore, all the numbers less than 8 are:

1, 3, 5, 7

Therefore, the set B will be:

B = { 1, 3, 5, 7 }

In set theory, the set containing every element in a collection is the union of all its sets.

So,

A ∪ B = { 1, 2, 6 } ∪ { 1, 3, 5, 7 }

A ∪ B = { 1, 2, 3, 5, 6, 7 }

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7 A total of 340 gallons of oil is divided between two tanks. If at least half of the oil is pumped into the first tank, which number line represents that possible amount of oil in the second tank? (A 400 100 200 300 B 300 400 200 100 tot 200 300 400 100 O HH 300 400 100 200

Answers

Half of 340 gallons is:

[tex]170\text{ gallons.}[/tex]

Let x represent the amount of oil in the second tank, we know that at least 170 gallons were pumped into the first tank, therefore, at most the other half is in the second tank:

[tex]x\ge170.[/tex]

Answer: The above inequality in the number line is represented as follows:

The ordered pair below is form an inverse variation.find the constant of variation.(8,6)

Answers

We have that an inverse variation can be represented by the following equation:

[tex]\begin{gathered} k=xy \\ or \\ y=\frac{k}{x} \end{gathered}[/tex]

In this case we have the ordered pair (8,6), then, we have the following constant of variation:

[tex]\begin{gathered} (x,y)=(8,6) \\ \Rightarrow k=(8)(6)=48 \\ k=48 \end{gathered}[/tex]

therefore, the constant of variation is k = 48

p= principal amount, 0.12= the interest charged; p+0.12p=224 . write a problem based on the given information

Answers

Step 1: Let's review the information given to us to answer the problem correctly:

• p = Principal

,

• 0.12 = Interest rate

,

• 224 = Future value

Step 2: Let's write a problem based on this information, using the Simple Interest Formula, as follows:

A = P(1 + rt), where:

A = Final amount

P = Principal

r = Annual interest rate

t = Time in years

224 = P (1 + 0.12t)

224 = 1.12Pt

Pt = 224/1.12

Pt = 200

If P = 200, then t = 1

Step 3: Let's interpret the answer and the problem we just wrote.

What is the amount of principal and the time of deposit for a savings account that earns 12% annually, and shows a final balance of $ 224?

Answer: $ 200 and the period of time is 1 year.

Lookout station A is 12 miles from the fire. Lookout station B is 39 miles from station A. The angle at station A is 52°. Find the distance between Station B and the fire.

Answers

Therefore, in order to find out the distance from station b to the fire, we must use the sine formula, as we know that sine is the opposite side divided by the hypotenuse.

We want to find out the opposite side and we already have the hypotenuse that is 12 miles.

So:

[tex]\begin{gathered} \sin52=\text{ }\frac{x}{12} \\ 12(\sin52)=x \\ 12(0.788)=x \\ 9.456=x \end{gathered}[/tex]

Therefore, station B i 09.456 miles from the fire.

I might be A is 52 hopefully its correct

Which equation applies the associative property of multiplication?
A 8/9x7/4x(-5/8)=8/9x(-5/8)x7/4
B(-9/4x3/2)x(6/3x5/7)=-9/4x(3/2x6/3)x5/7
C(-1/2x4/7)+(-1/2x2/3)=-1/2x(4/7+2/3)
D-6/5-(5/3-1/4)=(-6/5-5/3)- 1/4

Answers

8/9x7/4x(-5/8)=8/9x(-5/8)x7/4 this equation applies the associative property of multiplication .

Option A is correct

What is the multiplication associative property equation?

(a b) c = a b (c) is the formula that makes the associative property of multiplication the most intuitive.

What three attributes does multiplication possess?

Multiplication's characteristics

The product remains unchanged when the order of the factors is changed since multiplication is commutative.

The product remains unchanged when the factors are reorganized, according to the associative property of multiplication.

Multiplication's identity property states that the result of multiplying 1 by any number equals that number.

What do you mean by "associative property"?

What does "associative property" mean? The associative property is a mathematical principle that states that the product of a multiplication problem is unaffected by the arrangement of the factors.

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I need help solving: c= 8a-3b and solve for a

Answers

hello

[tex]c=8a-3b[/tex]

solve for a

step 1

add 3b to both sides of the equation

reason; we're doing this so that we take -3b to the other side of the equation so the we can have a and it's coefficient on one side of the equation

[tex]\begin{gathered} c=8a-3b \\ c+3b=8a-3b+3b \\ c+3b=8a \end{gathered}[/tex]

or we can simply say take -3b to the other side of the equation in order to make it easy to equate a

but note that whenever a variable or real number crosses an equality or inequality sign, the sign changes from either positve (+ve) to negative (-ve) or negative (-ve) to positive (+ve).

in this case, -3b

now we have our equation almost set

step 2

divide both sides by 8 to solve for a

[tex]\begin{gathered} 8a=c+3b \\ \frac{8a}{8}=\frac{c+3b}{8} \\ a=\frac{c+3b}{8} \end{gathered}[/tex]

What is the area of the corn field?

Answers

Answer:

23x-3

Step-by-step explanation:

5x+2+8x-11+4x+3+3+2x+4x Got this from adding the area around the field

5x+8x+4x+2x+4x+2-11+3+3 I grouped like-terms

23x+2-11+3+3 I added like-terms

23x-3 Then I got

if the vertical line test touches the graph more than once, then the graph is a function.


False


True

Answers

The statement is false, the correct one would be:

"if the vertical line test touches the graph more than once, then the graph is not a function."

Is the statement true or false?

A function is a relation that maps inputs x into outputs y, such that each input x can be mapped into only one output.

Remember that the inputs are in the horizontal axis, now, if we draw a vertical line and that line touches the graph twice, this will mean that one input will have two outputs, and thus, that would not be a function.

Then the statement is false

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ONLY (e) questionThe turning points of the graph are ___Type in ordered pair, round each coordinate to two decimal places

Answers

Answer:

[tex]\begin{gathered} (-4.85,-243) \\ (-1.5,136.69) \\ (1.85,-243) \end{gathered}[/tex]

Explanation:

Given the function:

[tex]f(x)=3 x\left(x^{2}-9\right)(x+6)[/tex]

The graph of f(x) is attached below:

From the graph, the turning points are:

[tex]\begin{gathered} (-4.85,-243) \\ (-1.5,136.69) \\ (1.85,-243) \end{gathered}[/tex]

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