Joe Hernandez has inherited $25,000 and wishes to purchase an annuity that will provide him with a steady income over the next 12 years. He has heard that the local bank is currently paying 6% p.A. (compounding annually). If he were to deposit his fund, what is the equal amount would he be able to withdraw at the end of each year for 12 years?

Answers

Answer 1

Answer:

p=2982

Step-by-step explanation:

Rate of interest = 6 % p.a

No of year = 12

P.V = $ 25000

Installments (p) = ?

We know the formula of P.V annuity

P.V = P[ 1-(1+r)-n/r]

25000 = P[1-(1+0.06)-12/0.06]

P = 2982 will withdraw annuity

Answer 2

The amount draw at the end of 12 years is $50305.

What is the compound interest?

Compound interest is the interest on savings calculated on both the initial principal and the accumulated interest from previous periods.

The formula used to find the compound interest [tex]A=P(1+\frac{r}{100})^{nt}[/tex].

Given that, principal = $25000, rate of interest=6% and time period = 12 years.

Here, Amount = 25000(1+6/100)¹²

= 25000(1.06)¹²

= 25000×2.0122

= $50305

Therefore, the amount draw at the end of 12 years is $50305.

To learn more about the compound interest visit:

https://brainly.com/question/14295570.

#SPJ2


Related Questions

How would I solve this and what would I get?

Answers

answer: k1=-13/6 k2=19/6
to solve, move the constant to the right to get |3/10 - 3/5k| -0.4=1.2
next calculate to get |3/10 - 3/5k| 1.6
then separate into two equations to get |3/10 - 3/5k| 1.6
|3/10 - 3/5k| 1.6
then solve to get: k1=-13/6 k2=19/6

Lesson 13.2 Checkpoint
Find the unknown length x in each right triangle, to the nearest tenth.

Answers

Answer:

Step-by-step explanation:

1.

x/ sin 90 = 19 / sin 24 --> x ≈ 46,71

Answer:

x≈46.7 m<u≈ 47 m<w≈43

Step-by-step explanation:

sin24=19/x

19/sin24≈46.7=x

m<u=sinu=11/15

arcsin11/15≈47

m<w=cosw=11/15

arccos11/15≈43

What is the slip of the line shown below?

Answers

Answer:

Assuming you mean slope, the answer would be ...

2

The photo is pretty blurry but from what I see, from point 1 to point 2 the line shifts over 1 and goes up 2 units. In other words, slope=rise/run so the slope of this line = 2/1.

When you reduce 2/1 you get 2. I know the slope is positive because the line is going up from the y-axis not down.

Therefore, your answer is 2

Hope this helps!

Answer: 2

Step-by-step explanation:

The slope would be 2 :)

Simplify the function f (x) = one-third (81) Superscript StartFraction 3 x Over 4 EndFraction. Then determine the key aspects of the function. The initial value is . The simplified base is . The domain is . The range is .

Answers

Answer:

The answer is given below

Step-by-step explanation:

Given that:

[tex]f(x)=\frac{1}{3}(81)^ \frac{3x}{4} \\Using\ exponent\ rule:a^{xy}=a^xa^y\\f(x)=\frac{1}{3}(81^{1/4})^ {3x}\\f(x)=\frac{1}{3}(3})^ {3x}\\f(x)=\frac{(3)^ {3x}}{3^1} \\Using\ exponent\ rule:a^x/a^y=a^{x-y}\\f(x)=3^ {3x-1}[/tex]

The function is an exponential function.

The domain is the set of all independent variables i.e the input values (x values). For an exponential function, the domain is the set of all real numbers. That is:

Domain: x = (-∞, ∞)

The range is the set of all dependent variables i.e the values of y. For an exponential function, the range is the set of all real numbers greater than zero. That is:

Range: y = (0, ∞)

Answer:

initial value 1/3

simplified base 27

domain is all real numbers

range is y>0

Step-by-step explanation:

Sort each equation according to wnether it has one solution, infinitely many solutions, or no solution
5(x - 2) = 5x - 7
One Solution
Infinitely Many Solutions
No Solution
4x - 2) = 3x - 4
6x+5) = 6x +11​

Answers

Step-by-step explanation:

[tex]5(x - 2) = 5x - 7 \\ 5x - 10 = 5x - 7 \\ 0 = 3[/tex]no solutions

[tex]4x - 2 = 3x - 4 \\ x = - 2[/tex]one solution

[tex]6x + 5 = 6x + 11 \\ 5 = 11[/tex]

no solutions

A server gets an average of $4.50 in tips for each table he serves. In the morning, the server had 12 tables and in the afternoon the server had 13 tables Find his tips

Answers

Answer:

$112.50

Step-by-step explanation:

so the first thing you would do is add 12 to 13 to get

12 + 13 = 25

then multiply 25 by 4.50 to get

25 x 4.50 = 112.50

so the average number of tips the server has received is $112.50

‼️‼️10 points‼️‼️
1. Is the relationship shown by the data linear. If so, model the data with an equation.
A. The relationship is linear; y-5=-4/5(x-5).
B. The relationship is not linear.
C. The relationship is linear; y-5=5/4(x-1).
D. The relationship is linear; y-1=4/5(x-5).

Answers

Answer:

The correct answer is B.

Step-by-step explanation:

There is no clear rule regarding the relationship with these numbers. So it is not linear.

Good Luck!

the relationship is not linear

In an experiment, a fair coin is tossed 4 times and the number of heads that occurs is recorded.
Eighty trials of the experiment are run.
The table shows the frequency of 0, 1, 2, 3, or 4 heads occurring in the trials.
Number of heads
0
1
2
3
4
Frequency
4
8
36
20
12
Create a probability distribution for the discrete variable.
Drag the sliders on the horizontal axis to represent the probability distribution.

Answers

Answer:

Step-by-step explanation:

Hello!

The experiment consist in "a fair coin is tossed 4 times" the recorded variable is X: number of heads obtained after tossing the coin 4 times

The possible values for this variable: X: 0; 1; 2; 3; 4

The frequencies observed for each possible value of X after repeating the experiment for n=80 times

fi: 4; 8; 36; 20; 12

To create the probability distribution you have to calculate the probability for each value of X, by doing the following calculation [tex]p(xi)= \frac{fi}{n}[/tex]

p(X=0)= p(0)= 4/80= 0.05

p(X=1)= p(1)= 8/80= 0.10

p(X=2)= p(2)= 36/80= 0.45

p(X=3)= p(3)= 20/80= 0.25

p(X=4)= p(4)= 12/80= 0.15

For this to be a probability of distribution the following conditions are to be met:

p(xi)≥0∑p(xi)=1

All calculated probabilities are at most zero.

∑p(xi)= 0.05+0.10+0.45+0.25+0.15= 1

  xi | 0 | 1 |   2 |  3  | 4

   fi | 4 | 8 | 36| 20 | 12

p(xi)| 0.05| 0.10| 0.45| 0.25| 0.15

F(Xi)|0.05| 0.15 | 0.60| 0.85| 1

I hope this helps!

In the diagram, the measure of angle 3 is 105°. Which angle must also measure 105°? Angle1 Angle4 Angle6 Angle8

Answers

Answer:

<1

option A is the right option.

Here,

<3=105°

<1=<3(being vertically opposite angles)

<1=105°

Explanation:

Please see the attached picture.

There,

<AOC and <BOD are formed by intersected line segments and they lie to the opposite side of common vertex.They are called vertically opposite angles.<AOD and <BOC are another pairs of vertically opposite angles. Vertically opposite angles are always equal.

Hope this helps..

Good luck on your assignment...

Answer:

1

Step-by-step explanation:

Darius and Barb are playing a video game in which the higher score wins the game. Their scores are shown below.
Darius's scores: 96,54, 120, 87, 123
Barb's scores: 92, 98, 96, 94, 110
Barb says that she is the winner. Darius says that it is a tie, Who is correct?
O Barb is correct if both the mean and median scores are considered.
O Barb is correct if only the median score is considered
O Darius is correct if both the mean and median scores are considered,
O Darius is correct if only the median score is considered.

Answers

Answer:

D. I hope it helps!

Step-by-step explanation:

Darius is correct if only the median score is considered.

just took the quiz on edg.

Write 90 cm as a fraction of 2.4 m. Give your answer in its simplest form.​

Answers

Answer:

[tex]\frac{3}{80}[/tex]

Step-by-step explanation:

90 cm in metres is = 0.09 m

Writing it as a fraction of 2.4 m

=> [tex]\frac{0.09 m}{2.4 m}[/tex]

In simplest form

=> [tex]\frac{3}{80}[/tex]

Show and explain how replacing one equation by the sum of that equation and a multiple of the other produces a system with the same solutions as the one shown. 8x + 7y = 39 4x – 14y = –68

Answers

Answer:

(1/2, 5)

Step-by-step explanation:

8x + 7y = 39

-2(4x - 14y = -68)

-8x + 28y = 136

8x + 7y = 39

add the two equations together

35y = 175

y = 5

8x + 7(5) = 39

8x = 4

x = 1/2

Answer:

Using the linear combination method, you can multiply the first equation by 2 and add the equations to get 20x = 10. Dividing both sides by 20, x = 1/2. To solve for y, substitute 1/2 for x in the equation 8x + 7y = 39 to get 4 + 7y = 39. Solving this equation, y = 5. Checking this in the other equation, 4(1/2) – 14(5) = –68 results in 2 – 70 = –68 or –68 = –68. The solution of the system shown is (1/2, 5). The system 8x + 7y = 39 and 20x = 10 is formed by replacing 4x –14y = –68 by a sum of it and a multiple of 8x + 7y = 39. Since 20(1/2) = 10, the system 8x + 7y = 39 and 20x = 10 also has a solution of (1/2, 5).

Step-by-step explanation:

exactly from EDGE 2020

If you borrow $900 for 4 years at an
annual interest rate of 5%, how
much will you pay altogether?

Answers

$1080

take annual rate (5%) times the number of years (4) to get total interest rate

then 20% of 900 and add it back to $900

What is the value of m in the equation
zm = 16, when n = 8?

Answers

Step-by-step explanation:

nm=16

m=16/n

m=16/8

m=2

square root of 524176 by long division ​

Answers

Answer:

724 is the square root of 524176.

Step-by-step explanation:

Square root of 524176 by long division method.

[tex]\sqrt{524176}[/tex] =  7) 52 41 76 (724

                  7  49

             14 2)  341

                2   284

         144 4)   5776

                      5776

                          0

Therefore, square root  of 524176 is 724.

the graph of y=|x| is transformed as shown in the graph below , which equation represents the transformed function

Answers

Answer:

[tex]y=|\frac{1}{4}x|[/tex]

Step-by-step explanation:

Given that

transformed graph of the parent graph y=|x|

The transformed function is shown below:-

We see the graph at y=1 x reaches to 4 i.e, x=4

In the Same manner at y = 1

and x reaches to -4

that is

x=-4

Now, as per the options that are given in the question

The graph would be satisfied these two points would become transformation

[tex]y=|\frac{1}{4}x|[/tex]

Now,

At x=4

[tex]y=|\frac{1}{4}x|[/tex]

[tex]y=|\frac{1}{4}(4)|[/tex]

y = 1

we can say that the point totally satisfied the equation.

So, Option 1 is right that is

[tex]y=|\frac{1}{4}x|[/tex]

With the help of a diagram we can go through as attached.

The Function for given graph will be [tex]y=|\frac{1}{4} x|[/tex]

If the graph of f(x) is given, then the graph of [tex]f(\frac{1}{k} x)[/tex] is stretch by a factor of k.

Here function is given that,   y=|x|

From given graph it is observed that, graph is stretched by a factor of 4.

So that function for given graph will be,

                            [tex]y=|\frac{1}{4} x|[/tex]

Graph is attached below,

Learn more:

https://brainly.com/question/16250181

What is the seventh term in the arithmetic sequence defined by the explicit formula an=5n+3? (PLEASE HELP!!!)

Answers

Answer:

a7 = 38

Step-by-step explanation:

n is the term indicator

an = 5n+3

Let n=7 if we are looking for the 7th term

a7 = 5*7 +3

a7 = 35+3

a7 = 38

Suppose that $f$ is an invertible function from $(-\infty,\infty)$ to $(-\infty,\infty)$. If $f(f(x))=x$, find $f(x)-f^{-1}(x)$.

Answers

Answer:

0

Step-by-step explanation:

I did this in AoPS alcumus

Hannah was trying to guess the month of her brother's birthday? She knew that the
month had less than five letters in its name. What is the probability that Hannah guesses
the correct month?
Round to the hundredths place.

Answers

Answer:

1/4 or 0.25

Step-by-step explanation:

1)January

2)February

3)March

4)April

5)May

6)June

7)July

8)August

9)September

10)November

11)October

12)December

Months that have less than five letters in its name

June

July

May

Probability= successful outcome ÷ possible outcone

Successful outcome=3

Possible outcome=12

Probability of Hannah guessing her brother's birthday=3÷12=1/4

Lesson 6.2: applications of linear systems this is holding me back from completing the course. Please help me guys and girls.

Answers

Answer:

see explanation

Step-by-step explanation:

When x = 5 then x > 3 , thus

f(5) = - 1

When x = 3 then x ≤ 3 , thus

f(3) = - 2x + 2 = - 2(3) + 2 = - 6 + 2 = - 4

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

When x = - 4 then - 4 ≤ x ≤ 1 , thus

f(- 4) = 2

When x = 3 then x > 1 , thus

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

Answer:

Step-by-step explanation:

-2x+2 , x≤ 3

f(x)=-1 , x>3

f(5) = -1 since 5 is greater than 3 you have to use the second equation where x>3

f(3)=-2x+3 use the second equation because the value of x is ≤3

f(3)=-6+3=-3

second question:

-x-4   when x<-4

f(x)= 2 when -4≤x≤1

f(x)=-x+1  when x>1

f(-4) use the second equation because x=-4

f(-4)=2

f(3)=-3+1=-2 use the third equation because x>1 and 3 is greater than 1

blessings has cherries
she eats 1/4 of them
she has 18 cherries left
how many did she have at the beginning ​

Answers

Answer:

24 cherries

Step-by-step explanation:

18 is 75% of the original amount, meaning 25% will be 6 cherries.

So, 18 + 6 = 24, the original amount

Answer:

24 cherries

Step-by-step explanation:

If she has 18 now, and ate 1/4, its easiest to think of 18 as the other 3/4. When divided by 3, we get 6. If 18 is three sets of 6, you just add the fourth one to it to find the original amount. The answer is 24.

Part A: Joel uses the incorrect expression 0.95(190)(0.8) to calculate that the computer will cost him a total of $144.40. Describe his error and write the correct expression. * Part B: How much will Joel pay for his tablet? Show your work on a separate piece of paper and upload the picture.

Answers

Answer:

Part A) The correct Expression : (1.05)(190)(0.8)

=> The error of Joel was that instead of adding the sales tax, he subtracted it.

Part B) $159.60

Step-by-step explanation:

Part A:

To calculate the computer cost, we need to find out the selling price first.

There's a discount of 20% so the selling price will be 100% - 20% = 80% =>80/100 = 0.8

So, We'll multiply the cost price by 0.8

=> (190)(0.8)

But, there is a sales tax of 5%

So, the selling price with cost price will be:

=> 100% + 5% = 105%  => 105/100 = 1.05 (We'll multiply this too with the first equation that we made above)

So, the expression will be:

=> (1.05)(190)(0.8)

The error of Joel was that instead of adding the sales tax, he subtracted it.

Part B)

Joel will pay for the tablet:

=> (1.05)(190)(0.8)  [We used the above expression]

=> $159.60

Wich statement must be true ??

Answers

Answer:

D is the correct answer

Expand and then collect the following expression 5(2b+1)+6(3b+2)

Answers

Step-by-step explanation:

10b+5+18b+10

28b+15 is the answer

Answer:

28b+17

Step-by-step explanation:

=> 5(2b+1) + 6(3b+2)

Expanding the brackets

=> 10b+5+18b+12

Combining like terms

=> 10b+18b+5+12

=> 28b+17

The waiting times between a subway departure schedule and the arrival of a passenger are uniformly distributed between 0 and 8 minutes. Find the probability that a randomly selected passenger has a waiting time greater than 3.25 minutes.

Answers

Answer:

0.59375

Step-by-step explanation:

In a uniform distribution the probability that the time t is greater than any given value, X, is:

[tex]P(t\geq X)=1-\frac{X}{b-a}[/tex]

In this problem, the limits of the distribution are a = 0 and b = 8 minutes.

For X =3.25 minutes:

[tex]P(t\geq 3.25)=1-\frac{3.25}{8-0} \\P(t\geq 3.25)=0.59375[/tex]

The probability that a randomly selected passenger has a waiting time greater than 3.25 minutes is 0.59375.

The probability that a randomly selected passenger has a waiting time greater than 3.25 minutes is 0.59375.

Calculation of the probability:

Since The waiting times between a subway departure schedule and the arrival of a passenger are uniformly distributed between 0 and 8 minutes.

So, here the probability is

[tex]= 1 - (3.25 \div (8-0))\\\\[/tex]

= 0.59375

Hence, The probability that a randomly selected passenger has a waiting time greater than 3.25 minutes is 0.59375.

Learn more about probability here: https://brainly.com/question/15241200

Justin plans to attend a four-year college. He has estimated the costs per year.
Tuition = $2,900
Other educational expenses = $280
Housing and living expenses = $4,100
Justin’s counselor estimates he will receive $3,500 a year in grants. He also will be eligible for a work-study program that pays $2,800 per year. Justin also plans to save enough money to contribute $500 each year.
Justin’s plan doesn’t cover his costs completely. What are his options for covering the rest of his costs? Select all that apply.
He could try to save more money.
He could get a student loan for the extra amount he needs.
He could apply for a scholarship.
He could ask his friends to loan him money.
He could ask his family to contribute.

Answers

Answer:

A, B, C, E

Step-by-step explanation:

I literally just did the question on edge.

Answer:

a,b,c,e

Step-by-step explanation:

We want to find the zeros of this polynomial:
p(x) = (x2 + 4x + 3)(x2 – 4)
Plot all the zeros (x-intercepts) of the polynomial in the interactive graph.
у

Answers

Answer:

x=-3        x=-1            x=2         x=-2

Step-by-step explanation:

p(x) = (x^2 + 4x + 3)(x^2 – 4)

Set this equal to zero to find the x intercepts

0 = (x^2 + 4x + 3)(x^2 – 4)

Using the zero product property

(x^2 + 4x + 3) =0      (x^2 – 4)  =0

Factor

(x+3)(x+1) =0            (x-2) (x+2)=0

Using the zero product property

x+3 =0  x+1 =0          x-2 =0  x+2 =0

x=-3        x=-1            x=2         x=-2

which shape has a line of symmetry that can be drawn through the figure?

Answers

Answer: Option D.

Step-by-step explanation:

A figure has a line of symmetry if we can draw a line through the figure, in such way that the line cuts the figure in exactly two equal halves.

Then any figure that can be cutin exactly two halves, is a correct answer to this question.

Then:

For a circle, the line of symmetry is the diameter of the circle.

For the square, the line of symmetry can be obtained by cutting the square with a line that is perpendicular to one of the sides, and cuts that side exactly on the midpoint.

For an equilateral triangle, the line of symmetry is the line that cuts any base in the midpoint and also passes through the opposite vertex.

Then all the figures are correct options, then the correct option is D

Answer:

D is correct because all have line of symmetry

PLEASE HELP!!

triangle abc is reflected about the line y=-x to give triangle a’b’c’ with vertices A’(-1, 1) B(-2, -1), C(-1, 0). what are the vertices of triangle abc

Answers

Answer:

-7,-6,-3.these are the vertices

15 POINTS! I WILL MARK YOU BRANLIEST! :) Find the volume of this prism below...

Answers

Answer:

840 cm³

Step-by-step explanation:

Split the prism into two cuboids andd add their volumes.

The volume = l × w × h

4 × 6 × 5 + 15 × 6 × 8

120 + 720

= 840

The volume of the prism is 840 cm³.

Answer:

Volume = 840 cm³

Step-by-step explanation:

Let's divide the whole prism into 2 rectangular prism:

Rectangular Prism 1:

=> Volume = [tex]Length * Width * Height[/tex]

=> Volume = 8*15*6

=> Volume = 720 cm³

Rectangular Prism 2:

=> Volume = [tex]Length * Width * Height[/tex]

=> Volume = 5*4*6

=> Volume = 120 cm³

Whole Prism:

=> Volume = 720+120

=> Volume = 840 cm³

Other Questions
Globalization refers to the __________. A. idea that politics is becoming more about local community issues B. scientific community's consensus on the human causes of global climate change C. changes in transportation and communication technologies since the 1980s D. growing lack of cultural diversity Just last week, I was walking down the street with my mother, and I again found myself conscious of theEnglish I was using, the English I do use with her. We were talking about the price of new and used furnitureand I heard myself saying this: "Not waste money that way." My husband was with us as well, and he didn'tnotice any switch in my English. And then I realized why. It's because over the twenty years we've beentogether I've often used that same kind of English with him, and sometimes he even uses it with me. It hasbecome our language of intimacy, a different sort of English that relates to family talk, the language I grew upwith.How does Tan build a central idea of her story in the excerpt?Tan discusses the form of language she uses with her family to support the idea that nonstandard English is onlyappropriate at homeTan describes a realization she makes while with her husband to support the idea that nonstandard forms ofEnglish are important forms of communicationTan compares the English of her childhood with the English of her adulthood to support the idea that adults shoulduse standard English with children.Tan relates a story about her husband to support the idea that people do not always understand each other, evenwhen they speak the same language. Solve for y, y-8= -( y-2) / 2 Coach kunal stacks all of the tennis balls in a square pyramid. The number of tennis balls, P(n), in n layers of the square pyramid is given by P(n) = P(n - 1) + n^2. Which could not be the number of tennis balls Coach Kunal has? A. 30 B. 5 C. 14 D. 9 Would someone be able to help me with this question please??? Match the phrasal verbs with their meanings. Help Me plsss1. bfeak down 2. call in 3. carry out 4. get away with 5. go off 6.go up 7. pull downe 8. sort out 9. turn on 10. work outa. increase in number or value b. stop working properly c. destroy a building d. make something work by moving a switche. visit f. follow instructions; do g. tidy, organize h. escape punishment i. calculate j. start working; make a loud noise jim frequently gets into arguments with his brother. In the past, Jim has attempted to assert himself and voice his opinion on things, but is quickly ignored by his brother. Now when Jim and his brother get into an argument, he thinks, "Why bother even trying to reason with him." Jim is most likely experiencing _____. Your customer, age 68, that has an IRA account at your firm valued at $500,000, passes away. The customer leaves the account to his son, age 38. He has no need for current income as he is still working, and wishes to know his best option to minimize taxes. He expects to retire in 22 years, at which time, he will need the funds to pay for annual living expenses. You should advise the son to: Which of the following sentences contains an adverb?We felt happy walking across the bridge.His hands waved excitedly as he spoke about the game.When she woke up, Sara took her dog on a walk.None of these choices are correct. help me Please!!!!!! Which of the equations below represents this situation What effect does increasing economic interdependence have on thecountries of the world? Match the types of players with the economic system in which they make the important economic decisions Milltown Company specializes in selling used cars. During the month, the dealership sold 31 cars at an average price of $15,900 each. The budget for the month was to sell 29 cars at an average price of $16,900. Compute the dealership's sales price variance for the month. A victim of a robbery is describing the suspect to you. The victim tells you the robber was holding a "38 special" handgun. Explain what information this tells you about the size of the suspects firearm c) What is the pH of the buffer system in part a when 0.030 moles of strong acid are added (without a change in volume) A sales team estimates that the number of new phones they will sell is a function of the price that they set. They estimate that is they set the price at x dollars, they will sell f(x)=4080-10x. Therefore, the company's revenue is x(4080-10x). O ________-tu? es est tes suis The tens digit in a two digit number is 4 greater than ones digit. If we interchange the digits in the number, we obtain a new number that, when added to the original number, results in the sum of 88. Find this number A quarterback takes a hard hit and is carried off the field on a stretcher. Why might he have a better chance of recovery than quarterbacks of previous generations?A. Rules that promote fair play now force players to tackle softer than before.B. The doctor will have more advanced medical equipment than before.C. Teams don't play as often, so he will get a longer recovery period.D. Players often fake injuries to influence the referees.