Suppose that 2,000 is loaned at a rate of 18.5% , compounded quarterly. Assuming that no payments are made, find the amount owed after 9 years.
Do not round any intermediate computations, and round your answer to the nearest cent.

Answers

Answer 1

Compounding quarterly is the term used to describe the amount of interest that is earned on a quarterly basis on a savings account or investment where the interest is also reinvested. As most banks offer interest income on the deposits, which compounds quarterly, this information is useful in computing the fixed deposit income.

Explain about the compounded quarterly?

CQ = P [(1+r)4*n - 1]

The compounding formula is used to create the quarterly compounding formula. The interest rate is raised by 4*2 to reflect the quarterly interest calculation as the only variation.

Earns 3% compounded quarterly: r=0.015 and m=4 since quarterly compounding occurs 4 times each year. Primary: P = 3500.

After three years, the following formula can be used to calculate the total amount owed:

FV = 1 + r/m nm

Future Value of Debt (FV)

A is the loan amount.

R = interest rate = (12/2 + 6)

$2000 x (1.06)6 = $2,837.04 where m = number of compounding = 2 and N = number of years = 3.

After three years, $2,837.04 is still outstanding.

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Answer 2

After three years, $2,837.04 is still outstanding.

Explain about the compounded quarterly?

CQ = P [(1+r)4*n - 1]

The compounding formula is used to create the quarterly compounding formula. The interest rate is raised by 4*2 to reflect the quarterly interest calculation as the only variation.

Earns 3% compounded quarterly: r=0.015 and m=4 since quarterly compounding occurs 4 times each year. Primary: P = 3500.

After three years, the following formula can be used to calculate the total amount owed:

FV = 1 + r/m nm

Future Value of Debt (FV)

A is the loan amount.

R = interest rate = (12/2 + 6)

$2000 x (1.06)6 = $2,837.04 where m = number of compounding = 2 and N = number of years = 3.

After three years, $2,837.04 is still outstanding.

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Related Questions

9. Difference between the place values of "1" in 3116365 is​

Answers

The place value of the first "1" in 3116365 is 10,000, and the place value of the second "1" is 100. Therefore, the difference between the place values of the two "1"s is 9,900.

Simplify the expression. 8c2 x –3c7

Answers

Answer:

the solution is (-2^3 · 3C^9)

Step-by-step explanation:

Step 1(8 • (c2)) • (0 -  3c7)Step 223c2 •  -3c7Step 3c2 multiplied by c7 = c(2 + 7) = c9

Jim bought some nice running shoes for $216. The sales
tax is 6.5% and he is paying cash with bills only because
he doesn't have any change. What is the least amount
he should give the cashier?

Answers

Answer:

$230.04

Step-by-step explanation:

216 * 0.065= 230.04

how do you express 2/7so that It shares a common denominator with 6/35​

Answers

Hello

2/7 = 2x5/7x5 = 10/35

10/35 > 6/35

=> 2/7 > 6/35

Cousteau is building a cubed cage for a parrot at his local zoo. Since the the cage's side length is 12 feet, its volume will be 12³ cubic feet. Can you help Cousteau write out 12³ in expanded form?​

Answers

The expanded form of 12³ is given as follows:

12³ = 12 x 12 x 12 = 1728 cubic feet.

How to obtain the volume of a cube?

The volume of a cube of side length a is given by the cube of the side length, as follows:

V(a) = a³.

This expression is equivalent to multiplying the side length of the object by itself twice, as follows:

V(a) = a x a x a.

The side length for this problem is given as follows:

a = 12 feet.

Hence the volume of the cube is given as follows:

V = 12³ = 1728 feet³.

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200 students attend Ridgewood Junior High School. 25% of students bring their lunch to school everyday. How many students brought their lunch to school on Thursday?

Answers

sorry est un site Web Internet spécialement conçue 4

50 students.

25% of 100 is 25 and 200 is twice as much as 100. So then double the 25 to 50.

You can also set up a proportion of 25%/100% = ?/200 and cross multiply and divide.

Another way is to manipulate the numbers. Instead of 25% of 200 you can say 200% of 25. 200% is the same as saying twice as much as the number so what is twice the number 25? 50!

Which describes the slope of the given line?

A) positive
B) zero
C) negative
D) undefined

Which describes the slope of the given line?A) positiveB) zeroC) negativeD) undefined

Answers

Answer:

C) Negative

Step-by-step explanation:

This is because the top is left and going right

Answer:

negative

Step-by-step explanation:

A rectangular tank with a square​ base, an open​ top, and a volume of 19 comma 65219,652 ft cubedft3 is to be constructed of sheet steel. Find the dimensions of the tank that has the minimum surface area.

Answers

Answer:

34 and 17 feet.

Step-by-step explanation:

We have that the volume is given by:

V = x * x * y = (x ^ 2) * y

The surface area of the tank would be: x ^ 2 + x * y + x * y + x * y + x * y

SA = x ^ 2 + 4 * x * y

we know that the volume is 19652, replacing it would remain:

 19652 = (x ^ 2) * y, we solve for y:

y = 19652 / (x ^ 2)

replacing in SA we are left with:

SA = x ^ 2 + 4 * x * 19652 / (x ^ 2)

SA = x ^ 2 + 70608 / x

we derive and equal 0:

SA´ (x) = 2 * x - 70608 / (x ^ 2) = 0

2 * x = 70608 / (x ^ 2)

x ^ 3 = 39304

x = 34

for and would be:

y = 19652 / (34 ^ 2) = 17

dimensions are 34 and 17 feet.

You are a financial advisor. You have a client who is 25 years old and has
$10,000 they want to invest into a retirement account. After investing
this money, the client will not be adding any money to the account. The
money will just let it grow until the client reaches age 65. As you are
helping them decide the best investment for their money, you discover the
following options:


-

Account A pays 7% annual interest, compounded quarterly
-

Account B pays 6.8% annual interest com[ounded monthly
-

Account c pays 7.1% annual interest, compounded yearly.
-

Account D ay 6.9% annual interest, compounded daily.


Since it’s your job to determine the best account for your clients money,
you have to figure out the future value of her money.

You know that the following formula calculates compound interest

Answers

Answer:

The first option is the best

Step-by-step explanation:

1       (1+ 07/4)^4 = 7.186 % annual

2      ( 1+.068/12)^12 = 7.0159 %   annual

3       7.1 %

4       (1 + .069/365)^365 = 7.143

What do I do her help please

What do I do her help please

Answers

Hello :3

Answer:

C. what is m<ACB

Explanation:

Because you found the angles of ABC and BAC which is 35 and 115, it would only be appropriate to find ACB as well! :)

Hope this helps! ;)

The cost of a jacket increased from $75.00 to $84.75. What is the percentage increase of the cost of the jacket?
A.
1.3%
B.
87%
C.
13%
D.
9.75%

Answers

Answer:

c) 13%

Step-by-step explanation:

Given information,

→ The cost of a jacket increased from the price $75.00 to $84.75.

Now we have to,

→ find the % increase of cost of jacket.

Let's solve the problem,

→ ((84.75 - 75)/75) × 100

→ (9.75/75) × 100

→ 0.13 × 100

→ 13%

Hence, the answer is 13%.

You roll a die 2 times. What is the probability or rolling a 6 and then a 2?

Answers

Answer:

1 out of 6

Step-by-step explanation:

Each roll of the die is an independent event. This means that the second roll does not rely on the first roll. The probability of rolling a six is one out of six. The probability of rolling a two is also one out of six. Since the two events are independent of each other, you would take the average of the two probabilities, which since they are both one out of six, the probability of rolling a six and then a two is one out of six.

The Kaumajet Factory produces two products - table lamps and desk lamps. It has two separate departments - Finishing and Production. The overhead budget for the Finishing Department is $550,000, using 500,000 direct labor hours. The overhead budget for the Production Department is $400,000 using 80,000 direct labor hours.

Answers

The Kaumajet Factory will allocate $7.20 of factory overhead to each unit of table lamp using the multiple production department factory overhead rate method with an allocation base of direct labor hours.

What is Equation?

Two or more expressions with an Equal sign is called as Equation.

Predetermined overhead rate for Finishing Department = $550,000 / 500,000 direct labor hours = $1.10 per direct labor hour

Predetermined overhead rate for Production Department = $400,000 / 80,000 direct labor hours = $5.00 per direct labor hour

For one unit of table lamp, 2 hours of finishing and 1 hour of production are required, so the total direct labor hours for one unit of table lamp is 2 + 1 = 3 hours.

Finishing Department overhead cost per unit of table lamp = 2 hours * $1.10 per direct labor hour = $2.20

Production Department overhead cost per unit of table lamp = 1 hour * $5.00 per direct labor hour = $5.00

Total factory overhead cost per unit of table lamp

$2.20 + $5.00 = $7.20

Therefore, the Kaumajet Factory will allocate $7.20 of factory overhead to each unit of table lamp using the multiple production department factory overhead rate method with an allocation base of direct labor hours.

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The Kaumajet Factory produces two products-table lamps and desk lamps. It has two separate departments - Finishing and Production. The overhead budget for the Finishing Department is $550,000, using 500,000 direct labor hours. The overhead budget for the Production Department is $400,000 using 80,000 direct labor hours.

If the budget estimates that a table lamp will require 2 hours of finishing and 1 hour of production, how much factory overhead will the Kaumajet Factory allocate to each unit of table lamp using the multiple production department factory overhead rate methods with an allocation base of direct labor hours?

a. $4.91

b. $6.33

c. $7.20

d. $5.00

Please answer, i’ll mark you brainliest

Please answer, ill mark you brainliest

Answers

Answer:

2x - y - 7 = 0

Step-by-step explanation:

Given line is passing through the points (-2, 1) & (4, 4)

Slope of given line \( =\frac{-2-4}{1-4}=\frac{-6}{-3}= 2\)

Since, required line is || to given line.

Parallel lines have same slope.

Therefore, slope of required line m = 2

Since, required line is passing through the points \( (2, \: - 3)=(x_1,\:y_1) \)

Equation of line in slope point form is given as:

\( y - y_1 = m(x-x_1) \\

\therefore y - (-3) = 2(x - 2)\\

\therefore y +3=2x - 4\\

\therefore y = 2x - 4-3\\

\therefore y = 2x - 7\\

\huge \purple {\boxed {\therefore 2x - y - 7 = 0}} \\\)

is the equation of the required line.

What is the distance between the points (-2,1) and (5,-4)

Answers

Considering the definition of distance between two points, the distance between the points (-2,1) and (5,-4) is √74= 8.6023.

Distance between two points

The distance between two points is equal to the length of the segment that joins them. Therefore, to determine the distance between two different points, you must calculate the squares of the differences between their coordinates and then find the root of the sum of said squares.

In other words, the distance between two points in space is the magnitude of the vector formed by said points.

So, given the coordinates of two distinct points (x1, y1) and (x2, y2), the distance between two points is the square root of the sum of the squares of the difference of the coordinates of the points:

distance= \(\sqrt{(x2-x1)^{2} +(y2-y1)^{2} }\)

Distance between the points (-2,1) and (5,-4)

In this case, you know:

(x1, y1): (-2,1)(x2, y2): (5,-4)

Replacing in the definition of distance:

distance= \(\sqrt{(5-(-2))^{2} +(-4-1)^{2} }\)

distance= \(\sqrt{(5+2)^{2} +(-5)^{2} }\)

distance= \(\sqrt{7^{2} +(-5)^{2} }\)

distance= \(\sqrt{49+25 }\)

distance= √74= 8.6023

Finally, the distance between the points (-2,1) and (5,-4) is √74= 8.6023.

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Which expression is equivalent to 1/2x + 8

Which expression is equivalent to 1/2x + 8

Answers

Answer:

1/2( x+16)

Step-by-step explanation:

1/2x + 8

Factor out 1/2

1/2*x + 1/2 *16

1/2( x+16)

A software development company is voting to elect a president, a secretary, a treasurer, and three directors. If a total of 11 qualified candidates applied for these positions, in how many ways can the positions be filled?

Answers

The ways to elect the candidates from the total is 462

How to determine the ways of selection?

From the question, we have

Total number of candidate, n = 11Numbers to selection, r = 6 i.e. the president, a secretary, a treasurer, and three directors

The number of ways of selection could be drawn is calculated using the following combination formula

Total = ⁿCᵣ

Where

n = 11 and r = 6

Substitute the known values in the above equation

Total = ¹¹C₆

Apply the combination formula

ⁿCᵣ = n!/(n - r)!r!

So, we have

Total = 11!/5!6!

Evaluate

Total = 462

Hence, the number of ways is 462

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someone help me out please

someone help me out please

Answers

Answer:

The answer would be B :)

Step-by-step explanation:

c. is wrong :)

explanation: the line of symmetry is NOT equal to zero.

mark me brainliest! :)

IS THIS CORRECT IF NOT LET ME KNOW PLEASE I NEED THIS!!!

IS THIS CORRECT IF NOT LET ME KNOW PLEASE I NEED THIS!!!

Answers

Answer:I believe it is at least that is what I would

Step-by-step explanation:

I’m guessing it’s correct

A coin is tossed and a number cube is rolled at the same time. What is the probability that the coin will land on tails and the number cube will land on 4?
a. 1/12
b. 1/6
c. 1/4
d. 5/12

Answers

A-1/12 because if you write down h1, h2, h3, etc.-same for tail….tail and four would show up once out of the twelve options.

what is the value of x?

what is the value of x?

Answers

The answer is √306

.

Answer:

Step-by-step explanation:

working with the rectangle-triangle in the image (see atached image)\(x^2=15^2+9^2=81+225=306~=>x=\sqrt{306}\)

what is the value of x?

20 points plus Brainly Find the measure of missing angle.

20 points plus Brainly Find the measure of missing angle.

Answers

Answer:

50

Step-by-step explanation:

90 plus 40 is equal to 130, so 180 minus 130 is 50

6. How many of the integers between 20 and 40 are
odd?
b)11
d)12
c12​

Answers

Answer: 10

Step-by-step explanation:

List out the numbers:

20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40

There are 10 odd numbers

Otherwise a faster method:

Odd numbers occur every other number

There are 40 - 20 = 20 numbers between 20 and 40

20/2 = 10

10 odd numbers

translate in terms of x then solve the algebra equation the sum of a number and 3 is subtracted from 10 the result is 5

Answers

Answer:

x=2

Step-by-step explanation:

10 - (x + 3) = 5

To solve for x, we can start by simplifying the left side of the equation:

10 - (x + 3) = 5

10 - x - 3 = 5

7 - x = 5

Next, we can isolate x on one side of the equation by subtracting 7 from both sides:

7 - x = 5

7 - x - 7 = 5 - 7

-x = -2

Finally, we can solve for x by dividing both sides of the equation by -1:

-x = -2

x = 2

Therefore, the solution to the equation is x = 2.

what is the missing number if the mean of 48,33 is 41

Answers

Answer:

42

Step-by-step explanation:

let's make the missing number x

\(mean = \frac{sum \: of \: numbers}{how \: many \: numbers \: there \: are} \)

\(41 = \frac{48 + 33 + x}{3} \)

multiply 3 on both sides to get rid of the fraction, 41 × 3 = 123

\(123 = 48 + 33 + x\)

simplify the right side, 48 + 33 = 81

\(123 = 81 + x\)

subtract 81 on both sides

\(123 - 81 = x\)

\(x = 42\)

Milan bought packs of pencils. Each pack has pencils. Write an equation to represent the total number of pencils that Milan bought.

Answers

Answer:

total number of pencils = p × n
total number of pencils = 3 × 12 = 36

Step-by-step explanation:

Let's break down the problem into its components. Milan bought packs of pencils, so we can represent the number of packs he bought with the variable "p". We also know that each pack has "n" number of pencils, so the total number of pencils Milan bought can be found by multiplying the number of packs with the number of pencils in each pack.

In mathematical notation, this can be written as:

total number of pencils = number of packs × number of pencils in each pack

or, using the variables we defined:

total number of pencils = p × n

So, if Milan bought 3 packs of pencils and each pack had 12 pencils, the total number of pencils he bought would be:

total number of pencils = 3 × 12 = 36

What is the median for the following set of data?

4, 4, 6, 10, 12, 13, 15, 16



a 12

b 10

c 11

d 16

Answers

Answer:

C

Step-by-step explanation:

The median is where we find the number that is in the middle of the data set. In this case, there cannot be a single number in the middle because the number of numbers in this data is even.

Knowing this, we need to add the two numbers that are in the middle (10 and 12). We add these two numbers and divide them by 2

\(\frac{10+12}{2} =\frac{22}{2} =11\)

find the following arc measures

find the following arc measures

Answers

The measure of the angles are;

<KL = 23 degrees

m<LON is 23 degrees

m<OM = 113 degrees

m<KNL = 23 degrees

m<NL = 157 degrees

How to determine the measures of the arc

To determine the measures of the arc, we need to note the following;

Angles on a straight line is equal to 180 degreesAngle at right angle is equal to 90 degrees

From the information shown in the diagram, we have;

<KL +<KM = 90 degrees

Now, substitute the values

<KL + 67 = 90

collect like terms

<KL = 23 degrees

m<LON and <KL are corresponding angles

Then, m<LON is 23 degrees

m<OM = m<LON + 90 degrees

Substitute the values

m<OM = 113 degrees

m<KNL = 23 degrees

m<NL = 90 + <LM

Substitute the values

m<NL = 157 degrees

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In which month was the average number of hours worked by the website designers closest to 50 hours

- January

- February

- March

- April

Answers

The correct answer is March, as it was the month in which the average number of hours worked by the website designers was closest to 50 hours.

What is a month?

A month is a unit of time typically consisting of 30 or 31 days. It is used for measuring periods of time, for example, when we say something happened "a month ago". Months are used in both the Gregorian calendar and the Julian calendar.

This data was gathered from a survey of website designers, which was conducted to determine the average number of hours each month that these professionals spent working.

In January, the average number of hours worked was 46.5. In February, it was 48.8. However, in March, the average number of hours worked was 49.4, which was the closest to 50 hours. This was followed by April, in which the average was 49.7.

Overall, it can be concluded that March was the month in which the average number of hours worked by website designers was closest to 50 hours. This is important data for website designers, as it allows them to understand the amount of time they should be spending on their work in order to be successful. It also helps employers gauge the workload of their website designers and ensure they are providing an adequate amount of work.

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The side of a triangle are in the ratio 4:4:3 what kind of triangle is it (b) calculate the smallest angle of the triangle to the nearest degree​

Answers

The smallest angle of the equilateral triangle is 60 degrees

If the sides of a triangle are in the ratio 4:4:3, it implies that the lengths of the sides are proportional.

To determine the type of triangle, we examine the side lengths. Since all three sides are equal in length, we have an equilateral triangle.

For an equilateral triangle, all angles are equal. To calculate the smallest angle, we divide the total sum of angles in a triangle (180 degrees) by the number of angles, which is 3:

Smallest angle \(= \frac{180}{3} = 60\)\) degrees.

Therefore, the smallest angle of the equilateral triangle is 60 degrees (to the nearest degree).

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