$800000 into a 25:17 ratio. How much do each get

Answers

Answer 1

Answer: Therefore, the first person gets $476,190.48 and the second person gets $323,809.52.

Step-by-step explanation: To divide $800,000 into a 25:17 ratio, we first need to add the ratio terms (25 + 17 = 42) to determine the total number of parts. Then, we divide the total amount by the total number of parts to determine the value of each part. Finally, we multiply the value of each part by the respective ratio term to determine the amount that each person gets.

The calculation steps are as follows:

Determine the total number of parts: 25 + 17 = 42

Determine the value of each part:

Value of each part = Total amount / Total number of parts

= $800,000 / 42

= $19,047.62 (rounded to two decimal places)

Determine the amount that each person gets by multiplying the value of each part by the respective ratio term:

First person gets: 25 parts * $19,047.62 per part = $476,190.48

Second person gets: 17 parts * $19,047.62 per part = $323,809.52


Related Questions

For the following exercises, convert the angle measures to radians.
-236° (the exact answer) b) 601° (round to two decimal places)

Answers

The calculated values of the angle measures when converted to radians are 1.31π rad and 3.34π rad

Converting the angle measures to radians.

To convert angles from degrees to radians, we multiply the number of degrees by π/180.

This means that

Angle = Degree measure * π/180

Using the above as a guide, we have the following:

Angle 236 = 236 * π/180

Evaluate the products

Angle 236 = 1.31π rad

Next, we repeat the same process for the second angle 601 degrees

Angle 601 = 601 * π/180

Evaluate the products

Angle 601 = 3.34π rad

Hence, the angles are 1.31π rad and 3.34π rad

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7 A right rectangular prism is sliced by a plane perpendicular to its bases. A right cylinder is sliced the same way. Which statement about the plane sections that result is correct?
A Both plane sections have two pairs of parallel sides.
B The plane section of the prism has only straight sides, but the plane section of the cylinder does not.
C The plane section of the prism has four right angles, but the plane section of the cylinder does not.
D Both plane sections are the same shape as the bases of the three-dimensional figures from which they resulted.​

Answers

Both B and C are correct...

Solve the inequality then list 5 numbers that fit in the solution set_,_,_,_,_ 4 - 5g > 39

Answers

The values that fit in the solution are -4, -3, -2, -1 , 0

g > - 5

How to solve the inequality

Inequalities are described as expressions that are used to represent an unequal relationship between numbers or variables.

They are represented with the symbols;

< is less than> represents the greater than≥ represents the greater than or equal≤ represents the less than or equal to

From the information given, we have that;

4 - 5g > 39

collect the like terms, we get;

-5g > 39 - 4

subtract the values

-5g > 35

Divide by the coefficient of g, we get;

g > -5

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pls solve thank u
100 points for answer

Answers

Hence, the darkened sector covers an area of roughly [tex]10.55 km^2[/tex] as circle's radius is 7 km, and the shaded sector's central angle is 154 degrees .

what is radius ?

The radii of a circle in geometry is the separation between any two points on the circle's circumference. It is frequently used to describe how far apart two points are. One of a circle's most crucial characteristics is its radius, which is taken into account when calculating a circle's circumference, area, and diameter. The distance around a circle that passes through its centre, or its diameter, is equal to half of its radius. Other shapes like spheres, cylindrical, and cones can also be described using the radius. The radius here means the distance from the shape's centre to any point on its perimeter.

given

The following formula must be used to determine a sector's area:

A = (θ/360)[tex]\pi r^2[/tex]

where r is the circle's radius, is pi, or roughly 3.14, and is the sector's centre angle, expressed in degrees.

The circle's radius is 7 km, and the shaded sector's central angle is 154 degrees, according to the provided figure. When these values are added to the formula, we obtain:

[tex]A = (154/360)\pi (7)^2[/tex]

[tex]= 10.55 km^2[/tex]

Hence, the darkened sector covers an area of roughly [tex]10.55 km^2[/tex] as circle's radius is 7 km, and the shaded sector's central angle is 154 degrees .

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The complete question is:-  

154 degree

7 km

Find the area of the shaded sector.

A = __ km2

Select the correct answer.
Which set of coordinates satisfies the equations x − 2y = -1 and 2x + 3y = 12?

A.
(1, 2)
B.
(3, 1)
C.
(3, 2)
D.
(-3, -2)
E.
(3, -2)

Answers

The set of coordinates that satisfy the equation are as follows:

(2, 3)

How to solve equation?

The equation given is as follows:

x - 2y = -1

2x + 3y = 12

Therefore, let's find the set of coordinates that satisfies the equation. Hence,

x - 2y = -1

2x + 3y = 12

multiply equation(i) by 2

Hence,

2x - 4y = -2

2x + 3y = 12

Therefore, subtract the equations

7y = 14

divide both sides of the equation by 7

y = 14 / 7

y = 2

Let's find x as follows

x - 2y = -1

x = -1 + 2(2)

x = -1 + 4

x = 3

Therefore, the solution is (2, 3)

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Alexia is cutting construction paper into rectangles for a projects. She needs to cut one rectangle that is a 9 inches x 14 1/3 inches. she needs to cut another that is 10 1/4 inches by 10 1/3 inches. How many total square inches of construction paper does Alexia need for her project?

Answers

Answer:

234.8525 square inches

Step-by-step explanation:

To find the total area of construction paper needed for the project, we need to find the area of each rectangle and add them together.

For the first rectangle, the dimensions are:

Length = 9 inches

Width = 14 1/3 inches

Area of the first rectangle = Length x Width

Area of the first rectangle = 9 inches x (43/3) inches

Area of the first rectangle = 9 inches x 14.33 inches

Area of the first rectangle = 128.97 square inches (rounded to two decimal places)

For the second rectangle, the dimensions are:

Length = 10 1/4 inches

Width = 10 1/3 inches

Area of the second rectangle = Length x Width

Area of the second rectangle = (41/4) inches x (31/3) inches

Area of the second rectangle = 10.25 inches x 10.33 inches

Area of the second rectangle = 105.8825 square inches (rounded to four decimal places)

Therefore, the total area of construction paper needed for the project is:

Total area = Area of first rectangle + Area of second rectangle

Total area = 128.97 square inches + 105.8825 square inches

Total area = 234.8525 square inches (rounded to four decimal places)

Therefore, Alexia needs a total of approximately 234.8525 square inches of construction paper for her project.

To find the total square inches of construction paper Alexia needs, we need to find the area of each rectangle and add them together.

For the first rectangle, the area is:

9 inches x 14 1/3 inches = (9 x 14) + (9 x 1/3) = 126 + 3 = 129 square inches

For the second rectangle, the area is:

10 1/4 inches x 10 1/3 inches = (10 x 10) + (10 x 1/4) + (10 x 1/3) + (10 x 1/12) = 100 + 2.5 + 3 1/3 + 5/6 = 105 5/6 square inches

To find the total area, we add the two areas together:

129 square inches + 105 5/6 square inches = 234 5/6 square inches

Therefore, Alexia needs 234 5/6 square inches of construction paper for her project.

I NEED HELP WITH STATISTICS

Answers

The value of the summation notation [tex]\sum\limits^{12}_{i=1} {-25x_i}[/tex] for the 12 measurements 69, -5, 47, -10, -80, 13, 64, -76, -95, 45, 9, 7 is 300

Computing the summation notation

From the question, we have the following parameters that can be used in our computation:

69, -5, 47, -10, -80, 13, 64, -76, -95, 45, 9, 7

The summation notation is given as

[tex]\sum\limits^{12}_{i=1} {-25x_i}[/tex]

The summation notation  [tex]\sum\limits^{12}_{i=1} {-25x_i}[/tex] means we multiply each value by -25 and add the results

Using the above as a guide, we have the following:

Sum = -25 * (69 - 5 + 47 - 10 - 80 + 13 + 64 - 76 - 95 + 45 + 9 + 7)

Evaluate

Sum = 300

Hence, the value of the summation notation [tex]\sum\limits^{12}_{i=1} {-25x_i}[/tex] for the 12 measurements 69, -5, 47, -10, -80, 13, 64, -76, -95, 45, 9, 7 is 300

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if you increase your current quality score of 85% by 7%, you will have a score of?

Answers

Answer:

90.95%

Step-by-step explanation:

85 * 0.07 = 5.95 5.95 + 85= 90.95

Answer:

The answer to your problem is, 90.95%

Step-by-step explanation:

Calculation:

In order to find the answer we need to

= Old score + New Score

= 85 + 7% of 85

= 85 + ( [tex]\frac{7}{100}[/tex] x 85 )

= 85 + ( 0.07 x 85 )

= 85 + 5.95

= 90.95

Which 90.95% is our answer.

Thus the answer to your problem is, 90.95%

HELP ME PLEASE!
Whoever answers right gets brainliest!

Answers

Step-by-step explanation:

The 'x's '   ( the domain)  are mapped into two values of 'y' (the range)

Range =   1,6

26) What is the area of Rectangle A?
is 1 unit square.
Rectangle A

Answers

The  required area of the rectangle is 8 sq. units

What is rectangle?

Any mathematical statement with numbers, variables, and an arithmetic operation between them is an expression or algebraic expression. For instance, the expression 4m + 5 is one in which the terms 4m and 5 and the variable m are separated by the arithmetic sign +.

According to question:

From the diagram

Length = 4 units, width = 2 units

Area of rectangle = length×width

Area of rectangle = 4×2

Area of rectangle = 8 sq. units

Thus, required area of the rectangle is 8 sq. units

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ACTIVITY 1: Solve the following rational equation.

Answers

The solutions to the rational equations are

(1) x = 14/3 (2) x = -2/3 (3) x = 4(4) x = 0 or x = 3(5) x = 0 or x = -2(6) x = 4/5(7) x = √(17/5)(8) x = 11/9(9) x = -1 or x = 2 (10) x = 1 or x = 2

Solving the rational equations

The rational equations can be solved as follows

(1)

(x - 2)/(2x + 4) = 1/5

This gives

5x - 10 = 2x + 4

So, we have

3x = 14

x = 14/3

(2)

For equation (2), we have

(x + 3)/2 - x/4 = 4/3

So, we have

[2(x + 3) - x]/4 = 4/3

[x + 6]/4 = 4/3

So, we have

3x + 18 = 16

x = -2/3

(3)

For equation (3), we have

3/(x + 1) - 2/(x - 1) = 1/(x² - 1)

So, we have

3(x - 1) - 2(x + 1) = 1

This gives

3x - 3 - 2x - 2 = 1

x = 4

(4)

For equation (4), we have

18/(x² - 3x) = 2x/(x - 3) - 6/x

So, we have

18 = 2x² - 6(x - 3)

This gives

x = 0 or x = 3

(5)

For equation (5), we have

3x/(x + 2) + 6/x + 4 = 12/(x² + 2x)

Multiiply through by x² + 2x

3x² + 6(x + 2) + 4(x² + 2x) = 12

Evaluate

x = 0 or x = -2

(6)

For equation (6), we have

1/(x - 2) + 4/(x + 9) = 3/(x² + 7x - 18)

Multiiply through by (x² + 7x - 18)

x - 9 + 4x + 8 = 3

So, we have

5x = 4

Evaluate

x = 4/5

(7)

For equation (7), we have

3/5x² - 1/5 = 2/25x²

Multiiply through by 25x²

15 - 5x² = 2

So, we have

5x² = 17

Evaluate

x = √(17/5)

(8)

For equation (8), we have

9/(x + 1) = 2/(x² - 1)

Multiiply through by 25x²

9x - 9 = 2

So, we have

9x = 11

Evaluate

x = 11/9

(9)

For equation (9), we have

3/(x³ - 8) = 1/(x - 2)

Cross multiiply

(x³ - 8) = 3(x - 2)

Evaluate

x = -1 and x = 2

(10)

For equation (10), we have

x²/2 - 3x/2 + 1 = 0

Multiiply through by 2

x² - 3x + 2 = 0

Factoize

(x - 1)(x - 2) = 0

So, we have

x = 1 and x = 2

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Jermaine invested $3,200 in a defined-contribution account. Assuming he is in a 20% marginal tax bracket, how much did he lower his income taxes with the investment

Answers

Jermaine's income tax was lowered by $640 as a result of the investment.

Investment calculation

Assuming that the defined contribution account is a tax-deferred retirement account, Jermaine can lower his income taxes by the amount of his contribution multiplied by his marginal tax rate. The formula for this tax savings is:

Tax savings = Contribution × Marginal tax rate

Using the given values, Jermaine's contribution to the account is $3,200 and his marginal tax rate is 20%. Substituting these values into the formula, we get:

Tax savings = $3,200 × 0.20 = $640

Therefore, Jermaine can lower his income taxes by $640 by contributing $3,200 to the defined contribution account.

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suppose the function f(t) = e^t describes the growth of a colony of bacteria, where t is hours. find the number of bacteria present at 5 hours
a) 59.598
b) 148.413
c) 8.155
d) 79. 432

Answers

The number of bacteria present at 5 hours is 148.413. The Option B is correct.

What is the number of bacteria present at 5 hours?

In exponential growth, a population's growth rate stays the same regardless of population size which makes the population grow faster and faster as it gets larger.

To get number of bacteria present at 5 hours, we need to evaluate the function [tex]f(5) = e^5.[/tex]

Using a calculator, we get:

[tex]f(5) = e^5\\f(5) = 148.413159103\\f(5) = 148.413.[/tex]

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Solve the system of equations.

y=4x2+3x−5y=2x2+x+7

What is the sum of the y-coordinates of the solutions to the system?

Enter your answer in the box.

Answers

Answer:

37

Step-by-step explanation:

We are given the system of equations:

y = 4x^2 + 3x - 5

y = 2x^2 + x + 7

We can set the two equations equal to each other to get:

4x^2 + 3x - 5 = 2x^2 + x + 7

Simplifying, we get:

2x^2 + 2x - 12 = 0

Dividing both sides by 2, we get:

x^2 + x - 6 = 0

Factoring the left-hand side, we get:

(x + 3)(x - 2) = 0

Therefore, the solutions are x = -3 and x = 2.

To find the corresponding y-coordinates, we can plug these values of x into either of the original equations. Using the first equation, we get:

y = 4(-3)^2 + 3(-3) - 5 = 16

and

y = 4(2)^2 + 3(2) - 5 = 21

Therefore, the sum of the y-coordinates of the solutions is:

16 + 21 = 37

Answer: 37.

A study of the consultants in a particular industry has determined that the standard deviation of the hourly fee of the consultants is $23. A random sample of
100 consultants in the industry has a mean hourly fee of $113. Find a 99% confidence interval for the true mean hourly fee of all consultants in the industry.
Then give its lower limit and upper limit.
Carry your intermediate computations to at least three decimal places. Round your answers to one decimal place. (If necessary, consult a list of formulas.)
Lower limit:
Upper limit:
X
5

Answers

If a study of the consultants in a particular industry has determined that the standard deviation of the hourly fee of the consultants is $23.  the 99% confidence interval for the true mean hourly fee of all consultants in the industry is (107.1, 118.9).

How to find the confidence interval?

The formula for a confidence interval for the population mean is:

CI = X- bar ± z* (σ/√n)

where:

X- bar  = sample mean

z* = z-score for the desired level of confidence (99% in this case)

σ = population standard deviation

n = sample size

Substituting the given values, we get:

CI = 113 ± 2.576 * (23/√100)

Calculating the standard error:

SE = σ/√n = 23/√100 = 2.3

Now we can substitute this value into the formula:

CI = 113 ± 2.576 * 2.3

CI = 113 ± 5.92

So,

Lower limit: 107.1

Upper limit: 118.9

Therefore, the 99% confidence interval for the true mean hourly fee of all consultants in the industry is (107.1, 118.9).

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Help pleasee

here is the picture is about Row Ops

Answers

The result of the carrying out the operation, Add -4(row 1) to row 3, on the given matrix is:

[tex]\left[\begin{array}{ccc|c}1&2&1&-5\\0&4&-2&3\\0&-9&2&12\end{array}\right][/tex]

Reducing row matrices

From the question, we are to perform the given row operation on the given matrix

The given matrix is:

[tex]\left[\begin{array}{ccc|c}1&2&1&-5\\0&4&-2&3\\4&-1&6&-8\end{array}\right][/tex]

Now,

From the given information,

The operation we are to carry out is:

Add -4(row 1) to row 3

This means we are to multiply the first row by -4. Then, we will add the results to the corresponding elements on the third row (row)

Multiplying by -4

-4 × [ 1     2    1   | -5

     -4   -8   -4  | 20

Now, we will add the result from the multiplication to the corresponding elements in row 3

Adding the results to corresponding elements in row 3

   4    -1     6  |  -8

+  -4   -8   -4  | 20

------------------------

   0    -9    2  |  12

Hence,

The resulting matrix becomes

[tex]\left[\begin{array}{ccc|c}1&2&1&-5\\0&4&-2&3\\0&-9&2&12\end{array}\right][/tex]

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50 Points! Multiple choice algebra question. Photo attached. Thank you!

Answers

Answer: C {m | m  > 2}

Step-by-step explanation:

write the number in exponential form with the base of 2

2^3m-4 > 2^2

compare the exponents = 3m-4 >2

move the constant to the right and then change the sign

3m> 2+4  add

3m>6 divide

m>2

Less than 53% of adults would erase all of their personal information online if they could . The hypothesis test results in a p-value of 0.0059

Answers

A conclusion on the null hypothesis is C. Reject H_{0} because the P-value is less than or equal to a.

What should happen to the null hypothesis ?

Stated in the initial description is the null hypothesis, establishing that adults who possess a desire to eliminate all personal information available online would equate to or exceed 53%, while the alternative conjecture rests on this percentage being under 53%.

The statistical significance level at hand designated as alpha equals 0.05 indicates that a P-Value having less than or equal value of 0.05 is necessary for declining the null hypothesis. As provided by the task's question, the computed P-value registers a score of 0.0059 which falls below the established significance level of 0.50 and thus resulting in null hypothesis rejection.

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Which ordered pair is a solution of y = x – 4?

A. (–3, 7)

B. (3, –7)

C. (–3, –7)

D. (3, 7)

Answers

Answer:

C. (–3, –7)

Step-by-step explanation:

We can check each ordered pair by substituting the values of x and y into the equation y = x - 4 and see if the equation is true.

A. (-3, 7)

y = x - 4

7 = -3 - 4

7 = -7

This is not true, so (-3, 7) is not a solution.

B. (3, -7)

y = x - 4

-7 = 3 - 4

-7 = -1

This is not true, so (3, -7) is not a solution.

C. (-3, -7)

y = x - 4

-7 = -3 - 4

-7 = -7

This is true, so (-3, -7) is a solution.

D. (3, 7)

y = x - 4

7 = 3 - 4

7 = -1

This is not true, so (3, 7) is not a solution.

Therefore, the only ordered pair that is a solution of y = x - 4 is (–3, –7).

a sample of what size would be needed to estimate a population mean to within 4 units with 95 percent confidence if the population has a standard deviation of 12?

Answers

A sample of at least 139 individuals would need to be taken to estimate the population mean to within 4 units with 95% confidence.

Understanding the Population Estimate

To estimate the sample size needed to estimate the population mean to within 4 units with 95% confidence, we can use the formula:

n = (z * σ / E)²

where:

n = sample size

z = z-score for the desired level of confidence (95% in this case), which can be found using a standard normal distribution table or calculator. For 95% confidence, the z-score is approximately 1.96.

σ = population standard deviation (12 in this case)

E = margin of error (4 in this case)

Plugging in the values, we get:

n = (1.96 * 12 / 4)²

n = 34.5744

Rounding up to the nearest whole number, we get a sample size of 35. Therefore, a sample of at least 35 individuals would need to be taken to estimate the population mean to within 4 units with 95% confidence.

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What is the average of the two bases in the following trapezoid in feet? 22 ft 14.75 ft 11 ft 18 ft

Answers

Answer: 18 feet.

Step-by-step explanation:

Average of bases = (22 + 14.75) / 2

Average of bases = 18.375

18.375 to the nearest tenth is = 18ft

Therefore, the average of the two bases of the trapezoid is 18 feet.

PLEASE HELP ME QUICK!!!

Answers

Answer:

Option D.   [tex]g(x)=5(0.8)^{x}+2[/tex]

Step-by-step explanation:

Main concepts

Concept 1: identifying horizontal asymptote

Concept 2: assuring decreasing exponential function

Concept 1. identifying horizontal asymptote

Any exponential function of the form [tex]y=a*b^x[/tex] has a horizontal asymptote on the x-axis.  A constant (positive or negative) added to the end of the exponential expression will shift the graph of the exponential function up (if positive) or down (if negative) the number of units equal to the magnitude of the number.  Since the original function f(x) has a "+2" at the end, it has been shifted up 2 units.  Thus, we can eliminate answers A and C from feasible answers since they each shift the exponential function up 3 units, not 2.

Concept 2. assuring decreasing exponential function

Exponential functions of the form [tex]y=a*b^x[/tex] increase or decrease based on the value of "b".

If "b" is between 0 and 1 (a "small" number), the function will decrease.If "b" is larger than 1 (a "big" number), the function will increase.

Observe that the graph of the function f(x) is decreasing, and the value of b=0.5.

To ensure that g(x) also decreases, the b-value must be between 0 and 1, which eliminates option B.

Option D is the correct answer because the value of "b" is between 0 and 1 (making the graph of the function a decreasing exponential), and the number added at the end is "+2", causing the horizontal asymptote to be at a height of positive 2.

If someone wants to call Havana, Cuba from the United States (US) begins with US three-digit exit code 011 followed the two-digit country code for Cuba is 53, followed by the county code of Havana is 7 and finally by seven-digit local telephone numbers. But this seven-digit local telephone numbers cannot begin with 0. How many different telephone numbers are possible?

Answers

Answer:

9000000 different numbers

---------------------------

The number is basically a combination in the form of:

abcdefg, where a can't be zero but the rest of the digits have no restrictions

Hence the possible digits:

a = 9, b,c,d,e,f,g = 10

So possible telephone number combinations:

9*10⁶ = 9000000

Please HELPP!!!!! Angles !! Marking brainliest whoever awnsers

Answers

Answer: IN ORDER FROM TOP LEFT OVER

Step-by-step explanation:

1. Example

2. Already correct

3. 43

4. 82

5. Supplementary

6. 68

7. 33

8. Adjacent (could be wrong)

9. 51

10. 128

11. 54

12. Complimentary

13. Parallel

14. 29

15. 117

HOPE THIS HELPS. I MAY HAVE GOTTEN 1 OR 2 WRONG.

What is the circumference of the following circle? What is the answer?

Answers

Answer:31.42

Step-by-step explanation:

C=2πr=2·π·5≈31.41593

helppp I need help pleaseeeeeee

Answers

The new matrix from an elementary row operation to get a 1, in row 1 column 1 will have:

R₁ = [1 -10 2] and R₂ = [-12 7 -13]

What is a matrix row operation

Row operations are a set of operations that can be performed on the rows of a matrix in order to transform it into a row equivalent matrix, which has the same solution set as the original matrix.

The row operation R₁ - 6 — R₁ will be carried out as follows:

7 - 6 = 1 {row 1 column 1}

-4 - 6 = 5 {row column 2}

8 - 6 = -8 {row column 3}

Therefore, the resulting matrix from an elementary row operation to get a 1, in row 1 column 1 will have:

R₁ = [1 -10 2] and R₂ = [-12 7 -13]

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I need help please


I need to answer the white box i don't know the answer

Answers

The expression of the matrix row operation is 1/4 Row 1 ⇒ Row 1

Determing the matrix row operation and expression

From the question, we have the following parameters that can be used in our computation:

[tex]\left[\begin{array}{cccc}-24&-24&12&20\\-2&3&7&5\\-7&-3&3&-5\end{array}\right][/tex] into [tex]\left[\begin{array}{cccc}-6&-6&3&5\\-2&3&7&5\\-7&-3&3&-5\end{array}\right][/tex]

From the above matrices, we understand that

Dividing the first row of the first matrix by 4 gives the first row of the second matrix Other corresponding row elements of the second and third rows remain unchanged

This means that

row 1 = 1/4(row 1)

This in other words means that

row 1 = (row 1)/4

When these values are evaluated, we have

[tex]\left[\begin{array}{cccc}-24&-24&12&20\\-2&3&7&5\\-7&-3&3&-5\end{array}\right][/tex] into [tex]\left[\begin{array}{cccc}-6&-6&3&5\\-2&3&7&5\\-7&-3&3&-5\end{array}\right][/tex]

This means that we replace -24, -24, 12, and 20 in row 1 with -6, -6, 3 and 5

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You’re planning to buy a car and you want to have $25,000 to purchase a car in cash in 5 years. If you’re able to receive 10% interest rate for investing the money, how much money should you invest today in order to have $25,000 in 5 years?

Answers

You have to invest $15,506.08

How to solve for the investment

PV = FV / (1 + r)^n

where:

PV = present value (amount of money you need to invest today)

FV = future value (amount of money you want to have in 5 years, which is $25,000)

r = interest rate (10% or 0.1)

n = number of periods (5 years)

Plugging in the values into the formula:

PV = $25,000 / (1 + 0.1)^5

PV = $25,000 / 1.61051

PV = $15,506.08

Therefore, you need to invest approximately $15,506.08 today at a 10% interest rate in order to have $25,000 in 5 years to purchase a car in cash.

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Cual es mayor

1 or 1
_ _
4 3

Answers

Answer:

Step-by-step explanation:

1/3 is greater.

How much would you need to deposit in an account now in order to have $2000 in the account in 15years? Assume the account earns 8% interest compounded monthly.

Answers

Answer:

P = $1341.53

Step-by-step explanation:

A(t) = amount in t years

P = Principal (original investment)

r = annual interest rate (in decimal form)

n = number of times that interest is compounded each year

A(t) = P(1 + r/n)nt

Substitute in the given values:  2000 = P(1 + 0.04/12)12(10)

2000 = P(1.490832682)

P = $1341.53

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