$10,000 down payment for your house if you can invest 2% of your monthly income (yearly income: $67,705) into an account that earns 4% quarterly. Also what is the formula for this? Is it compounded quarterly?

Answers

Answer 1

Answer:

the future value of each deposit = ($67,705 x 1/12 x 0.02) x (1 + 1%)ⁿ = $112.84 x 1.01ⁿ

where n = number of quarters (interest is compounded quarterly)

the effective interest = 1.01⁴ - 1 = 4.06%

Assuming that you are going to make monthly payments, then you would need the number of quarters (n) in order to determine the future value. Since the interest is compounded quarterly, each contribution = $112.84 x 3 = $338.52

For example, if you are planning to save money for 5 years (n = 5 x 4 = 20), then the future value of the investment = $338.52 x 22.019 (FV annuity factor, 1%, 20 periods) = $7,453.87

if you want to calculate the total number of contributions (n):

FV annuity factor, 1%, n? = future value / contribution = $10,000 / $338.52 = 29.5404

since you know the interest rate (1%) you have to look at a future value annuity table and search the n for 29.54. This is approximately 26 periods (FV annuity factor = 29.53).


Related Questions

Which of the following expressions is in simplified form?

9 j - 3 - j
4 w - 5
1 1/2 n + 2.9 n
-2 + 1.4 m + 0.5

Answers

Answer:

The answer is 4w-5 its in its simplest form

F is inversely proportional to d 2 . When F = 8 , d = 6 Work out d (positive value rounded to 2 DP) when F = 7

Answers

Answer:

d ≈ 6.41

Step-by-step explanation:

Given that F is inversely proportional to d² then the equation relating them is

F = [tex]\frac{k}{d^2}[/tex] ← k is the constant of proportion

To find k use the condition when F = 8, d = 6 , then

8 = [tex]\frac{k}{6^2}[/tex] = [tex]\frac{k}{36}[/tex] ( multiply both sides by 36 )

288 = k

F = [tex]\frac{288}{d^2}[/tex] ← equation of proportion

When F = 7 , then

7 = [tex]\frac{288}{d^2}[/tex] ( multiply both sides by d² )

d² × 7 = 288 ( divide both sides by 7 )

d² = [tex]\frac{288}{7}[/tex] ( take the square root of both sides )

d = ± [tex]\sqrt{\frac{288}{7} }[/tex] ≈ ± 6.41

The positive value of d is 6.41 ( to 2 dec. places )

Answer:

when F = 7, d = 6.41

Step-by-step explanation:

We know that when 'y' varies inversely with 'x', we get the equation

y ∝ 1/x

y = k/x

where 'k' is called the constant of proportionality

Given that F is inversely proportional to d.

F ∝ 1/d

F = k /d²

When F = 8, d = 6, we need to find k

k = Fd²

k = 8×(6)²=288

Now, we need to find d when F = 7

so substitute k = 288, F = 7 in the equation

F = k /d²

d² = k/F

d² = 288/7

[tex]\mathrm{For\:}x^2=f\left(a\right)\mathrm{\:the\:solutions\:are\:}x=\sqrt{f\left(a\right)},\:\:-\sqrt{f\left(a\right)}[/tex]

[tex]d=\sqrt{\frac{288}{7}},\:d=-\sqrt{\frac{288}{7}}[/tex]

but, we need to take the positive value of d, so

[tex]d=\sqrt{\frac{288}{7}}[/tex]

[tex]d=6.41[/tex]

Therefore,

when F = 7, d = 6.41


Solve the equation for x and  find the restrictions on the variable. Ax + bx = c​

Answers

Answer:

x = c/(A + b)

A + b ≠ 0

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Equality Properties

Algebra I

Factoring

Step-by-step explanation:

Step 1: Define

Ax + bx = c

Step 1: Solve for x

Factor:                    x(A + b) = cIsolate x:                 x = c/(A + b)

We know that we cannot divide by 0, so A + b cannot equal 0.

Diego cut 7 smaller boards of equal length from a board that is 9 and one-third feet long. How long is each of the 7 smaller boards?

Answers

Answer:

1 1/3 feet long

Step-by-step explanation:

Answer:

Each of the seven smaller boards will be 1.3 feet long

Step-by-step explanation:

We must divide 9 1/3 by 7

9 1/3 / 7 =  1.333286

We now have to round to the nearest tenth which would give us:

1.3

So our final answer would be 1.3

Planet X is 1/2 of a light-year away from Earth. Planet Y is 3/10 of a light-year away from Earth. How much farther away is Planet X?

Answers

Answer:

1/2= 5/10

5/10 - 3/10 = 2/10 or 1/5

so planet X is 1/5 of a light-year closer

Step-by-step explanation:

Answer:

5/10

Step-by-step explanation:

Simplified

Giving brainless! Don’t answer if you don’t know I’ll flag you.

Answers

Answer:

The sales tax is $0.40

Step-by-step explanation:

10 x 0.04 = 0.4

0.04 is 40% when multiplying

if the slope is -2/5 and the y-intercept is 5/2 the slope-intercept form is y=5/2x-2/5 true or false

Answers

Answer:

is false

explanation

just trust me

this is false because the slope intercept form is y=mx+b.

Pleaseee I need help

Answers

Answer:

32

Step-by-step explanation:

2x-16 + 4x+4 =180

6x=180+12

6x=192

x=32

I hope this helps, have a good day

Solve this equation for x by graphing.
-4x - 1 = 5^x + 4
Please help! Asap

Answers

Answer:

-1.28

Step-by-step explanation:

You would put these two equations into a graphing ccalculator:

y = -4x - 1

and

y= 5^x + 4

Wherver they intersect is your answer.

These two happen to intersect at (-1.28,4.13)

Since the equation has x-values, you would give the first number (x-coordinate) as your answer.

 

A shoe store uses a ​50% markup for all of the shoes it sells. What would be the selling price of a pair of shoes that has a wholesale cost of ​$​59?

Answers

Answer:

ummm

Step-by-step explanation:

Answer:

29.50

Step-by-step explanation:

a line passes through (3, -2) and (6, 2).
a. Write an equation for the line in point slope-form
b. rewrite the equation in standard form using integers ​

Answers

9514 1404 393

Answer:

  a) y +2 = (4/3)(x -3)

  b) 4x -3y = 18

Step-by-step explanation:

a) The slope formula gives part of what is needed for point-slope form:

  m = (y2 -y1)/(x2 -x1)

  m = (2 -(-2))/(6 -3) = 4/3

Point-slope form is ...

  y -k = m(x -h) . . . . . . for slope m and point (h, k)

Using the first point, we get ...

  y +2 = 4/3(x -3)

__

b) Multiplying by 3 and eliminating parentheses, we get ...

  3(y +2) = 4(x -3)

  3y +6 = 4x -12

Adding 12 -3y to both sides gives ...

  18 = 4x -3y

Putting this in the usual form, we have ...

  4x -3y = 18

Please help!! I included a pic of the problem to make it easier.

Find the quotient (z/w)

z = 6(cos(pi/3) + isin(pi/3), w = 3(cos(pi/6) + isin(pi/6)

[A]2(cos(pi/6)+isin(pi/6)
[B]2(cos(pi/90)+isin(pi/90)
[C]18(cos(pi/2)+isin(pi/2)
[D] None of these

Answers

Answer: i think it is D

we have:

[tex]\frac{z}{w}= \frac{6(cos\frac{\pi }{3}+i.sin\frac{\pi }{3} ) }{3(cos\frac{\pi }{6}+i.sin\frac{\pi }{6}) }\\\\\\<=>\frac{z}{w}=\frac{2(\frac{1}{2}+i.\frac{\sqrt{3} }{2}) }{\frac{\sqrt{3} }{2}+i.\frac{1}{2} }\\\\<=>\frac{z}{w}= \frac{2+2\sqrt{3}.i }{\sqrt{3}+i }[/tex]

Step-by-step explanation:

HELP ME 50 POINTS RN

Answers

Answer:

A

Step-by-step explanation:

Because it can only lift 2,200 pounds and that means it can lift 2,200 - 0 Pounds

The regular price is $8.45 more than the sale price. The regular price
is $24.95. What is the sale price? _____

Answers

Answer:

33.04

Step-by-step explanation:

just add lolz :P

Answer:

$33.40

Step-by-step explanation:

  1  1  1

  24.95

+   8.45

__________

    33.40

5+5 is 10 so bring a 1 to the top and put a 0 for the bottom

1+9+4 is 14 so put the 4 down and put the 1 on top.

1+4+8 is 13 so put the 3 down and put the 1 on top.

1+2 is 3 so put the 3 down

then you get 33.40

Random variation in a process indicates __________; whereas non-random variation indicates process __________.

Answers

Answer: b. Stability/instability

Step-by-step explanation:

Random variation in a process indicates stability; whereas non-random variation indicates process instability.

When there is random variation in a process, it means that the process is stable and under control such that the only variations are those expected to be in the process.

When the variation is non-random however, it points to instability in process because this variation is special and not inherent in the process.


what should be added
2x ^3+ 3x^2+8x-4
to get 0 ? ​

Answers

Answer:

-2x^3 - 3x^2 -8x + 4 should be added

Step-by-step explanation:

Here, we want to know what should be added to the expression to get 0

What we should do in this case is to simply negate the values we have in the expression already

Adding the negated values will give 0

So, we have that;

-2x^3 - 3x^2 -8x + 4

If an arithmetic sequence
begins with a 6 and the constant term is 2, what would be the
fourth term of the sequence?



plsssss help

Answers

Answer:

a₄ = 12

Step-by-step explanation:

To obtain the terms in the sequence add 2 to the previous term, that is

a₂ = a₁ + 2 = 6 + 2 = 8

a₃ = a₂ + 2 = 8 + 2 = 10

a₄ = a₃ + 2 = 10 + 2 = 12

Sharon buys four salmon steaks for $22.95 at her local supermarket. The weights of the steaks, in pounds, are 0.68, 0.74, 0.77, and 0.81. To the nearest cent, what is the price of salmon steak per pound?

Answers

Answer:

$7.65

Step-by-step explanation:

Given that:

Money used for buying the four salmon steaks = $22.95

Weights of steaks in pounds = 0.68, 0.74, 0.77, and 0.81

To find:

Price of salmon steak per pound, to the nearest cent = ?

Solution:

Total weight of all 4 steaks = 0.68 + 0.74 + 0.77 + 0.81 = 3

Here, to find the price of salmon steak per pound we need to divide the total money used to buy salmon steaks with the total weight of salmon steaks in pounds.

Price of salmon steak per pound = [tex]\frac{22.95}{3} = \$7.65[/tex]

Given the parallelogram below, find the value of angle 1

Answers

who even knows now days

Write an equation for the following problem.

The cost of a babysitting service on a cruise is $10 for the first hour and $12 for each additional hour. If the total cost of

babysitting baby Aaron was $58, how many hours was Aaron at the sitter?


12x+10=58

10x+12=58


12x-58=10


10x+58=12

Answers

Answer:  Aaron was at the sitter for 5 hours

Step-by-step explanation:

12x + 10 = 58

the 12x is for each hour after the first hour and the 10 is the first hour

-10 from each side

12x = 48

/12

x = 4

4 additional hours plus the original hour

Answer: 12x+10=58

Explanation: $10 is the flat rate, so it only applies to one of the hours. It is not being multiplied by anything. Her hourly rate after that is $12 meanings the amount of money she makes depends on how many hours she works which is x. $58 is the end result so that is what the equation equals.

−2, −1, 4 , find all numbers listed that are solution of the equation. (Careful, there might be more than one that work!) If you find several solutions, separate them with a comma. If none of the given numbers work, just enter DNE for 'does not exist'.


k3−k2+k−4=−2k2+k−4

Answers

Answer:

k3-k2+k-4=−2k2+k−4 that is the answer

The city of Austin has a bridge that is famous for housing the largest urban bat colony in the
world. It is home to 2 million bats. It has been determined that the bats eat a total of 10 tons
of insects a night. If the population of the bats increases to 2.5 million, about how many
insects would they consume?
Answer:
tons

Answers

Answer:

12.5 tons

Step-by-Step Explanation

There are 2 million bats and they eat 10 tons so 1 million bats would eat 5 tons half of 5 is 2.5 so if there where 2.5 million bats then you would increase the number of insects by half of a half or 2.5 because the number increased by half a million and 1 million bats eat 5 tons. Hope this was helpful :D

20z-8 please helpppp

Answers

Answer:  4(5z−2)

Step-by-step explanation: Brainliest pls

Eeeeeeeeeeeeeeeeeeeeeee

Answers

It would b because p = -6 and q = the opposite which is 6.

$1,250 at 5% simple interst for 2 years

Answers

Answer:

2625

Step-by-step explanation:

Simple Interest Formula

P*R*T

1250*1.05*2=2625

Answer:

After two years, there will be a total of $1,375 paid and $125 paid in interest.

Step-by-step explanation:

Since, 5 x 2 = 10, first we should find 10% of $1,250.

1,250 x 0.10 = 125

$1,250 + $125 = $1375

Therefore, after two years, there will be a total of $1,375 paid and $125 paid in interest.

Hope this helps! :D

The local car dealership has noticed a 3:1
ratio for people purchasing SUV's to those
purchasing trucks. If they have room for
128 trucks and SUV's on their lot, how
many trucks should they have available to
sell?

Answers

Answer:

32 trucks.

Step-by-step explanation:

3:1

Every time 3 SUV's are sold, one truck is sold. This would also mean that [tex]\frac{3}{4}[/tex] of both trucks and SUV's sold are SUV's. If we divide 128 into fourths, then you get 32. One fourth of 128 is 32. So, they should have 32 trucks (and 96 SUV's)

32 trucks be safe! Out there!

Mark buys a wooden board that is feet long. The cost of the board is $1.50 per 5 1/4 foot, including tax. What is the total cost, in dollars, of Mark’s board

Answers

it would just be the tot foot time the cost

7.5 X 0.50 = $3.75

Freddy is buying wings and nachos for a party. A box of 10 wings cost $10.00. Nachos cost $4.00 per tray. He must spend less that $40.00 on the wings and nachos.

Using x to represent each box of wings and y to represent each tray of nachos, create an inequality that correctly represents the possible number of boxes of wings and trays of nachos Freddy can be and still be within his budget.

Answers

Answer:

10x + 4y < 40

Step-by-step explanation:

The creation of an inequality is as follows"

The cost of the 10 wings box = $10

The cost of nachos = $4 per tray

And, the amount that can be incurred less is $40

Based on the information,

The equation would be

10x + 4y < 40

Hence, the inequality equation is 10x + 4y<40

A three-and-a-half foot stick is cut into two pieces. One piece is
1.65 ft long. How long is the other piece?

Answers

Answer:

1.4

Step-by-step explanation:

3.05 is the length of the stick and 1.65 is one part if the stick si we subtract 1.65 from 3.05 to find the length of the other piece

1.4 I hope I helped have a nice day!!

Solve the equation sin^2x=3Cos^2X.

I would love to graduate...so thanks in advance!

Answers

Answer:

240°

Step-by-step explanation:

[tex]sin^2x=3cos^2x \\ \\ sin^2x=3(1 - sin^2x )\\ \\ sin^2x=3 - 3sin^2x \\ \\ sin^2x + 3sin^2x=3 \\ \\ 4sin^2x=3 \\ \\ sin^2x= \frac{3}{4} \\ \\ sinx= \sqrt{ \frac{3}{4} } \\ \\ sinx= \frac{ \sqrt{3} }{2} \\ \\ sinx= sin \: 60 \degree \\ \\ in \: the \: second \: quadrant \\ sinx= sin \: (180 \degree - 60 \degree ) = sin \: 120 \degree \\ \\ in \: the \: third \: quadrant \\ sin x= sin \: (180 \degree + 60) \degree = sin \: 240 \degree[/tex]

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