A problem is listed below. Identify its type.
Julie's parents' 25th anniversary is in 2 years. She'd like to give her parents a vacation package for their anniversary. She anticipates the vacation package will cost her $2000. An account at her bank pays 5% per year compounded monthly. How much does she need to deposit today in this account, so that she can buy the package deal for her parents' anniversary?
a) Simple Interest
b) Future Value with compound interest
c) Future Value with simple interest
d) Effective Rate
e) Present Value with compound interest

Answers

Answer 1

Answer:

e) Present Value with compound interest

Step-by-step explanation:

in order to determine how much money does Julie need to deposit we have to use the present value formula with compound interest:

present value = future value / (1 + i/12)ⁿ

future value = $2,000i/12 = 5%/12 = 0.4167%n = 24

$2,000 = present value x (1 + 0.4167%)²⁴

present value = $2,000 / (1 + 0.4167%)ⁿ = $1,810.05

you can also calculate it using the future value formula, but you will end with the present value formula:

future value = present value x (1 + i/12)ⁿ

present value = future value / (1 + i/12)ⁿ ⇒ you are adding 1 more step

you could also calculate it using the present value formula and the effective annual rate:

effective rate = (1 + 0.05/12)¹² - 1 = 5.1162%

present value = $2,000 / (1 + 5.1162)² = $1,810.05 ⇒ but again you are just adding more steps into the process


Related Questions

Jaylin has $50 in her fun account she deposit $ 10 per month into the account but $ 6 per month is deducted to pay for a streaming service

Answers

Answer:

16 per month

Step-by-step explanation:

you add the 10 and 6 together making it 16 total a month

The ratio of girls to boys in the coed soccer league is 3:7. Choose True or
False for each statement.
The ratio of girls to total students in the league is 3:10.
O Truc
False
Next >
Previous

Answers

Answer:

True

Step-by-step explanation:

3:7 is girls to boys, and to find the total, do 7+3. After that, you'd get 10, and the ratio would be 3:10, so TRUE

PLEASE IM BEGGING YOU please answer i’ll do anything i need in 10 minutes please

Answers

Answer:

1.                           2.

   -3, 4                      -3,  2

   -1,  2                       0,  1

   0, 1                         3,  0

   4, -3                      6,  -1

Step-by-step explanation:

how do you find the distance between two negative fractions

Answers

Answer:

Use the number line and split the whole numbers into fractions

Step-by-step explanation:

Example: If a number line goes from -10 all the way to +10, and you are trying to find the distance between -2 1/4 and -7 3/4. You would split the number line into fourths and then locate -7 3/4. You would then count up to -2 1/4 to get 4 3/4.

Hopefully this makes sense!


Can someone please help me

Answers

The solution would be C. Hope this helps :)

You can tell if the value of a function for a certain interval is positive just by 2 points looking at its graph. If the value is positive that part of the graph will:

a: be to the right of the y-axis
b: be above the x-axis
c: intersect the x-axis
d: be below the x-axis

Answers

it is b. above the x axis

9. Solve the equation.
4(6 – x) + 4 = 2 (3x + 1) – 6

Answers

Answer:

x=3.2

Step-by-step explanation:

4(6 – x) + 4 = 2 (3x + 1) – 6

24 - 4x + 4 = 6x + 2 - 6

28 - 4x = 6x -4

-4x - 6x = - 4 - 28

-10x = - 32

divide both sides

x = 16/5 or x = 3.2

hope this helps :)

Can you help with these questions please i would appreciate it

Answers

Answer:

[tex]\boxed{k = \frac{log_{e}(\frac{L +A }{A} )}{t} }[/tex]

11. Use matrices to solve the system of equations below. Be sure to show [A] and [B].
(3a + 2b + c = 15
a-b4c = 23
4b – 2c = -16

Answers

Answer:

2a=-16

Step-by-step explanation:

all I could think of

Which expression can be used to solve the problem below? On a recent math test,
Jill scored 3 points for each of the 18 multiple choice questions she answered
correctly and 5 points for each of the 6 short response questions she answered
correctly. What was her total score on the test?


1 : 3+16 • 18+6
2 : 3+18 • 5+6
3 : 3 • 5 + 18 • 6
4 : 3 • 18 + 5 • 6

Answers

Answer:

4

Step-by-step explanation:

Because she gets 3 per multiple choice question, so 3 times 18

she gets 5 per response question, so 5 times 6

Jill total score on the test is 3 • 18 + 5 • 6. The correct option is 4.

What is multiplication?

Multiplication is a mathematical arithmetic operation. It is also a process of adding the same types of expression for some number of times.

Example - 2 × 3 means 2 is added three times, or 3 is added 2 times.

Given;

Jill scored 3 points for each of the 18 multiple choice questions she answered correctly.

That means,

use the multiplication operation,

3 x 18

And 5 points for each of the 6 short response questions she answered correctly.

That means,

5 x 6

To find the total score:

Add the scores,

3 x 18 + 5 x 6

or, 3 • 18 + 5 • 6

Therefore, 3 • 18 + 5 • 6 is the required expression.

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Suppose that Y has density function
f(y) = ky(1 − y) if 0 ≤ y ≤ 1 0, elsewhere
A) Find the value of k that makes f (y) a probability density function.
B) Find P(Y ≤ .4|Y ≤ .8).
C) Find the .95-quantile, i.e., find a point φ.95 such that P(Y ≤ φ.95) = .95.

Answers

I'm assuming

[tex]f(y)=\begin{cases}ky(1-y)&\text{for }0\le y\le1\\0&\text{otherwise}\end{cases}[/tex]

(a) f(x) is a valid probability density function if its integral over the support is 1:

[tex]\displaystyle\int_{-\infty}^\infty f(x)\,\mathrm dx=k\int_0^1 y(1-y)\,\mathrm dy=k\int_0^1(y-y^2)\,\mathrm dy=1[/tex]

Compute the integral:

[tex]\displaystyle\int_0^1(y-y^2)\,\mathrm dy=\left(\frac{y^2}2-\frac{y^3}3\right)\bigg|_0^1=\frac12-\frac13=\frac16[/tex]

So we have

k / 6 = 1   →   k = 6

(b) By definition of conditional probability,

P(Y ≤ 0.4 | Y ≤ 0.8) = P(Y ≤ 0.4 and Y ≤ 0.8) / P(Y ≤ 0.8)

P(Y ≤ 0.4 | Y ≤ 0.8) = P(Y ≤ 0.4) / P(Y ≤ 0.8)

It makes sense to derive the cumulative distribution function (CDF) for the rest of the problem, since F(y) = P(Y ≤ y).

We have

[tex]\displaystyle F(y)=\int_{-\infty}^y f(t)\,\mathrm dt=\int_0^y6t(1-t)\,\mathrm dt=\begin{cases}0&\text{for }y<0\\3y^2-2y^3&\text{for }0\le y<1\\1&\text{for }y\ge1\end{cases}[/tex]

Then

P(Y ≤ 0.4) = F (0.4) = 0.352

P(Y ≤ 0.8) = F (0.8) = 0.896

and so

P(Y ≤ 0.4 | Y ≤ 0.8) = 0.352 / 0.896 ≈ 0.393

(c) The 0.95 quantile is the value φ such that

P(Y ≤ φ) = 0.95

In terms of the integral definition of the CDF, we have solve for φ such that

[tex]\displaystyle\int_{-\infty}^\varphi f(y)\,\mathrm dy=0.95[/tex]

We have

[tex]\displaystyle\int_{-\infty}^\varphi f(y)\,\mathrm dy=\int_0^\varphi 6y(1-y)\,\mathrm dy=(3y^2-2y^3)\bigg|_0^\varphi = 0.95[/tex]

which reduces to the cubic

3φ² - 2φ³ = 0.95

Use a calculator to solve this and find that φ ≈ 0.865.

Using probability concepts, it is found that

a) The value is k = 6.

b) P(Y ≤ .4|Y ≤ .8) = 0.554.

c) The 95th percentile is x = 0.86465.

The density function is:

[tex]f(y) = ky(1 - y)[/tex]

Item a:

The condition that makes it a probability density function is:

[tex]\int_0^1 f(y) dy = 1[/tex]

Thus:

[tex]\int_0^1 f(y) dy = \int_0^1 ky - ky^2 dy[/tex]

[tex]\int_0^1 f(y) dy = k(\frac{y^2}{2} - \frac{y^3}{3})|_{y = 0}^{y = 1}[/tex]

[tex]\int_0^1 f(y) dy = k(\frac{1}{2} - \frac{1}{3})[/tex]

Then

[tex]k(\frac{1}{2} - \frac{1}{3}) = 1[/tex]

[tex]k(\frac{3-2}{6}) = 1[/tex]

[tex]k = 6[/tex]

The value is k = 6.

Item b:

This probability is:

[tex]\int_0.4^0.8 f(y) dy = 6(\frac{y^2}{2} - \frac{y^3}{3})|_{y = 0.4}^{y = 0.8}[/tex]

Then

[tex]p = 6\left(\frac{0.8^2}{2} - \frac{0.8^3}{3} - \frac{0.4^2}{2} + \frac{0.4^3}{3}\right)[/tex]

[tex]p = 0.554[/tex]

Thus, P(Y ≤ .4|Y ≤ .8) = 0.554.

Item c:

This is x for which:

[tex]\int_0^x f(y) dy = 0.95[/tex]

Thus:

[tex]6(\frac{x^2}{2} - \frac{x^3}{3}) = 0.95[/tex]

[tex]-2x^3 + 3x^2 - 0.95 = 0[/tex]

Solving a cubic equation with the help of a calculator, and considering [tex]0 \leq x \leq 1[/tex], this is x = 0.86465.

A similar problem is given at https://brainly.com/question/22223588

If the simple interest on ​$3000 for 3 years is ​$720 ​, then what is the interest​ rate?

Answers

Answer:

8%

Step-by-step explanation:

Starting Principal: $  

3,000.00

Years:    

3

Annual Interest Rate:    

8

%

 

Results

Future Value, using...

 Simple Interest: $  

3,720.00

 Annually Compounded Interest: $  

3,779.14

Peter collected 171 marbles but lost 3/4 of them on his way home through of hole in his bag when he arrived at home now many marbles did Peter have left?​

Answers

The answers is 43 since 171 divided by 4 is 42.75. So then multiply that by 3. and subtract that from 171. and u get ur answer which is 43

The number of marbles Peter had when he arrived home was 43 marbles

What is Percentage?

A percentage is a number or ratio expressed as a fraction of 100. It is often denoted using the percent sign, %

Given data ,

The number of marbles Peter had on his way home = 171

The amount of marbles he lost on his way home = ( 3/4 ) th

Now , the amount of marbles Peter have left = 1 - amount of marbles he lost on his way home

The amount of marbles Peter have left = 1 - 3/4

                                                                = ( 1 / 4) th

So , The number of marbles Peter had left when he arrived home is =

Amount of marbles Peter have left x Number of marbles Peter had

The number of marbles Peter had left when he arrived home is = (1/4) x 171

= 171 / 4

= 42.75

≈ 43 marbles

Hence , the number of marbles Peter had left when he reached home is 43

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r−5r−6s+8s−15 what is the answer for this equation

Answers

Step-by-step explanation:

r-5r-6s+8s-15

-4r+2s-15

= 2s-4r-15

The simplified form of the given expression is -4r+2s-15.

The given expression is r-5r-6s+8s-15.

What is an expression?

An expression is a combination of terms that are combined by using mathematical operations such as subtraction, addition, multiplication, and division.

The given expression can be solved as follows:

r-5r-6s+8s-15

= -4r+2s-15

Therefore, the simplified form of the given expression is -4r+2s-15.

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An ant can travel at a constant speed of 780 inches every 5 minutes. How far can he travel in 9 minutes

Answers

Answer:

1404

Step-by-step explanation:

Cross-multiplication

Compare the degree of a polynomial and its depressed polynomial.

Answers

Answer:

The degree of a polynomial is one more than the degree of its depressed polynomial.

Step-by-step explanation:

please answer it I'll give all my points ​

Answers

Answer:

b=10

Step-by-step explanation:

you need to simplify it

50 POINTS PLS HELP!!!!

Quadrilateral EFGH was dilated by a scale factor of 2 from the center (1, 0) to create E'F'G'H'. Which characteristic of dilations compares segment F'H' to segment FH?

A: A segment that passes through the center of dilation in the pre-image continues to pass through the center of dilation in the image.

B: A segment that does not pass through the center of dilation in the pre-image is parallel to its corresponding segment in the image.

C: A segment in the image has the same length as its corresponding segment in the pre-image.

D: A segment that does not pass through the center of dilation in the pre-image is perpendicular to its corresponding segment in the image.

Answers

Answer:

Answer choice C.

Step-by-step explanation:

To compute a student's Grade Point Average (GPA) for a term, the student's grades for cach course are weighted by the number of credits for the course. Suppose a student had these grades: 3.6 in a 5 credit Math course 2.5 in a 2 credit Music course 3.0 in a 5 credit Chemistry course 3.4 in a 5 credit Journalism course What is the student's GPA for that term? Round to two decimal places. Student's GPA=_________

Answers

Answer:

The student's GPA = 3.24

Step-by-step explanation:

To determine the student's GPA for the term,

First, we will determine the weighted grade points and then divide the result by the total credit.

The weighted grade point is the sum of the grade points in the courses.

Grade point for a course is calculated by multiplying the grade by the course credit.

For the Math course,

Grade point = 3.6 × 5 = 18.0

For the Music course,

Grade point = 2.5 × 2 = 5.0

For the Chemistry course,

Grade point = 3.0 × 5 = 15.0

For the Journalism course,

Grade point = 3.4 × 5 = 17.0

Hence,

The weighted grade point = 18.0 + 5.0 + 15.0 + 17.0

The weighted grade point = 55.0

Total credit = 5 + 2 + 5 + 5 = 17

∴ The student's GPA = 55.0 / 17 = 3.24

Hence, The student's GPA = 3.24

can you please help me with this question ​

Answers

Answer:

[tex]3\frac{4}{7} *(-6\frac{4}{7}), -7\frac{1}{7} *(-2\frac{1}{4}), 5\frac{1}{7} *5\frac{1}{7}[/tex]

Step-by-step explanation:

Answer: (For the first One)

    1             1  

5  ---- .  5  -----

     7           7

36          36          1296                 22                  5          

-----  .    ------- =   ----------- =  26  ----------  =  2 ----------

7             7              49                  49                49

Step-by-step explanation:

First you want to change you mixed numbers into improper fractions. Once done so, cross multiply if possible. Then, multiply across. Last, simplify.

Adam is climbing up the stairs in a building. At a certain point, Adam starts counting the steps and when he reaches the last step, he has counted 56 steps. If he knows that there are a total of 100 steps in the building, how many steps did he climb before he started counting the steps?

Answers

Answer:

He climed 3 steps before he started counting the steps.

Step-by-step explanation:

pls mark me as a branliest

Answer:

The answer is he climbed 44 steps. Hope this helped :D

Step-by-step explanation:

I WILL GIVE BRIANLEIST PLZ SOLVE I WILL ALSO GIVE 800 robux slove for line ad BC = 6 cm

Answers

Answer:

20 to 25 cm. Hope this helps. Tell me if i'm right or wrong. Can I have brainliest if I am right?

Step-by-step explanation:

Answer:

20 to 25 cm give that robux boi

Step-by-step explanation:

PLEASE HELP QUICKLY!!!!! PLZZZZZZ!!!!!!!

Answers

(4)=34 (3/2)=67 sorry if I am wrong.

What are all of the possible classifications for a 3 × 3 system? Check all of the boxes that apply.

consistent and dependent

consistent and independent

inconsistent and dependent

inconsistent and independent

Answers

Answer:

consistent and dependent

consistent and independent

inconsistent and independent

Step-by-step explanation:

Answer:

1

2

4

Step-by-step explanation:

has nice day

2. I earned $9. I bought 4 candy bars for $0.85 each. How much money do I
have left? *
A. $5.60
B. $8.15
C. $9.85
D. $12.40

Answers

Answer:

A

Step-by-step explanation:

4 x $0.85= $3.40  

$9-$3.40= $5.60

Answer:

A. $5.60

Step-by-step explanation:

4x0.85 =3.4 and 9 -3.4 = 5.6

The GCF of 15 and 27

Answers

answer : 3
the greatest common factor of 15 and 27 is 3

The average body temperature of all healthy adults is 98.6 F. A doctor takes a random sample of 100 healthy adults and records the temperature of each. The average temperature of these 100 adults is 98.2 F and the standard deviation is 6.9 F. Identify the values of the statistic and the parameter(s).

Answers

Answer:

Explained below.

Step-by-step explanation:

A parameter is a valuable element of statistical analysis. It denotes the characteristics that are used to define a given population. It is used to define a particular attribute of the population. For instance, population mean, population standard deviation, population proportion and so on.

The parameter of interest is the average body temperature of all healthy adults, μ = 98.6°F.

While making a statistical conclusion about the population under study, the parameter value is unknown. This is because it would not be possible to gather data from every single member of the population. So a sample is selected from the population to derive a conclusion about the parameter.

A statistic is the value of the characteristics that are computed using this sample. For instance, sample mean, sample standard deviation, sample proportion and so on.

The statistic is the average body temperature of 100 randoly selected healthy adults, [tex]\bar x=98.2^{o}F[/tex].

Helppppp meeeee 3/5 Divided by 1/9

Answers

Answer: 5.4  or  5 2/5 Hope this helps have a GREAT night

Step-by-step explanation:

The cost of an item is $0.30 per ounce. If total cost of the item is $3.60, how many ounces are in the item?

Answers

Answer:

Example 1: - If the item's label displays the weight as 3 lb 2 oz, type the shop name and item's brand, enter 3 in the pounds field, leave the 00 (decimal) value unchanged, enter 2 in the ounces field, leave the 00 (decimal) value unchanged, fill out the Price field and Calculate to get the price per ounce

Answer:

12 ounces

Step-by-step explanation:

3.60 = .3x

divide by .3 on both sides

12 = x

5. Which of the following is always true about
the graph of a horizontal line?
A. The graph will have a positive y-intercept.
B. The graph will have a negative y-intercept.
C. The slope of the graph will be undefined.
D. The slope of the graph will be zero.

Answers

Answer:

D. The slope of the graph will be zero.

Step-by-step explanation:

Slope of a line is given as [tex] \frac{rise}{run} = \frac{y_2 - y_1}{x_2 - x_1} [/tex].

For a horizontal line, the rise is always equal to zero since the line doesn't rise vertically. This means, [tex] y_2 - y_1 = 0 [/tex].

No matter the value of the run, [tex] x_2 - x_1 [/tex], when we divide zero by the value of the run, we would always have 0.

Therefore, the slope of an horizontal line would always be zero.

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