How many years will it take for Steven to make a total of $21,200?
(7 points)
12
8
6
10
Answers
Related Questions
Find the product. Enter your answer in the box.
2.4 x0.87
Answers
Answer:2.088
Step-by-step explanation:
2.088
Bond X is a premium bond making semiannual payments. The bond pays a coupon rate of 9 percent, has a YTM of 7 percent, and has 13 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a coupon rate of 7 percent, has a YTM of 9 percent, and also has 13 years to maturity. The bonds have a $1,000 par value.
What is the price of each bond today? If interest rates remain unchanged, what do you expect the price of these bonds to be one year from now? In three years? In eight years? In 12 years? In 13 years?
Answers
Answer:
Bond Xcurrent market price:
PV of face value = $1,000 / (1 + 3.5%)²⁶ = $
PV of coupon payments = $45 x 16.89035 (PV annuity factor, 3.5%, 26 periods) = $760.07
current market price = $408.84 + $760.07 = $1,168.91
price in 1 year:
PV of face value = $1,000 / (1 + 3.5%)²⁴ = $437.96
PV of coupon payments = $45 x 16.05837 (PV annuity factor, 3.5%, 24 periods) = $722.63
market price = $437.96 + $722.63 = $1,160.59
price in 3 years:
PV of face value = $1,000 / (1 + 3.5%)²⁰ = $502.57
PV of coupon payments = $45 x 14.2124 (PV annuity factor, 3.5%, 20 periods) = $639.56
market price = $502.57+ $639.56 = $1,142.13
price in 8 years:
PV of face value = $1,000 / (1 + 3.5%)¹⁰ = $708.92
PV of coupon payments = $45 x 8.31661 (PV annuity factor, 3.5%, 10 periods) = $374.25
market price = $708.92 + $374.25 = $1,083.17
price in 12 years:
PV of face value = $1,000 / (1 + 3.5%)² = $933.51
PV of coupon payments = $45 x 1.89969 (PV annuity factor, 3.5%, 2 periods) = $85.49
market price = $933.51 + $85.49 = $1,019
price in 13 years:
market price = $1,000 + $45 = $1,045
Bond Ycurrent market price:
PV of face value = $1,000 / (1 + 4.5%)²⁶ = $318.40
PV of coupon payments = $35 x 15.14661 (PV annuity factor, 4.5%, 26 periods) = $530.13
current market price = $318.40 + $530.13 = $847.53
price in 1 year:
PV of face value = $1,000 / (1 + 4.5%)²⁴ = $347.70
PV of coupon payments = $35 x 14.49548 (PV annuity factor, 4.5%, 24 periods) = $507.34
market price = $347.70 + $507.34 = $855.04
price in 3 years:
PV of face value = $1,000 / (1 + 4.5%)²⁰ = $414.64
PV of coupon payments = $35 x 13.00794 (PV annuity factor, 4.5%, 20 periods) = $455.28
market price = $414.64+ $455.28 = $869.92
price in 8 years:
PV of face value = $1,000 / (1 + 4.5%)¹⁰ = $643.93
PV of coupon payments = $35 x 7.91272 (PV annuity factor, 4.5%, 10 periods) = $276.95
market price = $643.93 + $276.95 = $920.88
price in 12 years:
PV of face value = $1,000 / (1 + 4.5%)² = $915.73
PV of coupon payments = $35 x 1.87267 (PV annuity factor, 4.5%, 2 periods) = $65.54
market price = $915.73 + $65.54 = $981.27
price in 13 years:
market price = $1,000 + $35 = $1,035
Since there are no exponents in this problem, the next step is
✔ (- 2)2.2
.
Simplify the previous step and you get
.
The final answer is
Answers
Anwers:
22 is the answer
How do I write 4,332 in scientific notation??
Answers
Answer:
4.332 x 10 to the 3 power I do believe
Step-by-step explanation:
Answer:
4.332 times 10^3
Step-by-step explanation:
ion kno if thats right but i tried.
hello I need help on it
Answers
Real Estate Agent:
A woman bought 4 lots for $48,000 each. She then subdivided
them into a total of 7 lots that sold for $33,000 each. What was
her percent of profit? I
Savings and Loan Counselor:
A customer wishes to borrow $30,000, make monthly payments
of interest only, and pay the full amount of the principal at the
end of the term. If the interest rate is 12% annually, what are the
monthly payments for a five-year term?
Answers
Step-by-step explanation:
A.
Cost of 4 lots for $48,000= 48000*4
=$192,000
Sales made from all 7 lots = 33000*7
= $213,000
Profit =213,000-192,000
Profit =$39,000
Percent profit =(39000/192000) *100
=0.20*100
=20%
B.
Total interest formula=
Principal Loan Amount x Interest Rate x Time
Interest =30000x0.12x5
Interest = $18,000
Monthly payments for 5 years
= 18000/12*5
=18000/60
=$300
$75 dinner; 18% tip
Explained step by step pls
Answers
Answer: $13.50
Step-by-step explanation:
Answer:
$13.5
Step-by-step explanation:
Everything you do is multiply 75 by 0.18 ( 0.18 represents 18%)
which gives you 13.5, so the tip would be $13.50
The capacity of a dump truck is listed by the manufacturer as 10 yd3 . A construction site requires the removal of of dirt, and the contractor has four identical trucks. How many trips will each need to make
Answers
Question:
The capacity of a dump truck is listed by the manufacturer as 10 yd^3. A construction site requires the removal of 200 m^3 of dirt, and the contractor has three identical trucks. How many trips will each need to make?
Answer:
7 trips
Step-by-step explanation:
Given
[tex]Capacity = 10yd^3[/tex]
[tex]Dirts = 200m^3[/tex]
[tex]Trucks = 4[/tex]
Required
Determine the number of trips of each truck
Divide the volume of dirts by 4 to get the portion of each truck
[tex]Each\ Truck = \frac{200m^3}{4}[/tex]
[tex]Each\ Truck = 50m^3[/tex]
Divide the portion of each truck by capacity of each truck to get the number of trip
[tex]Trip = \frac{50m^3}{10yd^3}[/tex]
Convert m^3 to yd^3
[tex]Trip = \frac{50 * 1.30795yd^3}{10yd^3}[/tex]
[tex]Trip = \frac{65.3975yd^3}{10yd^3}[/tex]
[tex]Trip = \frac{65.3975}{10}[/tex]
[tex]Trip = 6.53975[/tex]
Approximate:
[tex]Trip = 7[/tex]
Diana goes on vacation with $260. Each day, she spends the same amount of
money. After 1, 2, 3, and 4 days on vacation, she has $242, $224, $206, and
$188, respectively.
Please help
Answers
Wite the number
in standered form 80+9=
Answers
Answer:
89
eighty-nine
The auxiliary equation for the given differential equation has complex roots. Find a general solution. y''-10y' 29y=0
Answers
Answer:
[tex]y = Acos5x - Bsin5x[/tex]
Step-by-step explanation:
Given the differential equation y''-10y'+29y=0
First, we need to rewrite it as an auxiliary equation as shown:
Let y'' = m²y and y' = my
Substitute the values into the general equation
m²y-10my+29y = 0
Factor out y:
(m²-10m+29)y = 0 [The auxiliary equation]
Solve the auxiliary equation and find the roots of the equation
m²-10m+29 = 0
m = -b±√(b²-4ac)/2a
a = 1, b = -10, c = 29
m = -10±√(10²-4(1)(29))/2(1)
m = -10±√(100-116)/2
m = -10±√-16/2
m = (-10±4i)/2
m = -10/2 + 4i/2
m = -5+2i
Comparing the complex number with a+bi, a = -5 and b = 2
The general solution for complex solution is expressed as:
[tex]y = Acosax + Bsinax[/tex]
Substitute the value of a in the equation
[tex]y = Acos(-5)x + Bsin(-5)x\\y = Acos5x-Bsin5x[/tex]
Hence the general solution to the differential equation is [tex]y = Acos5x - Bsin5x[/tex]
Plzzzzzzzz heeeelllppp
Answers
Question 1. Write a function called simulate that generates exactly one simulated value of your test statistic under the null hypothesis. It should take no arguments and simulate 50 area codes under the assumption that the result of each area is sampled from the range 200-999 inclusive with equal probability. Your function should return the number of times you saw the 781 area code in those 50 random spam calls.
Answers
Answer:
The function written in python is as follows:
import random
def simulate():
count = 0
for i in range(1,51):
num = random.randint(200,1000)
if num == 781:
count = count + 1
print(count)
Step-by-step explanation:
This line imports the random library
import random
This line defines the function
def simulate():
This line initializes count to 0
count = 0
This line iterates from 1 to 50
for i in range(1,51):
This line generates random number between 200 and 999
num = random.randint(200,1000)
This line checks if random number is 781
if num == 781:
If yes, the count variable is incremented by 1
count = count + 1
This line prints the number of times 781 is generated
print(count)
Sharon wants to open a checking account from which to pay bills. She wants online services, and a debit card, which both banks provide for free. Based upon past experience, she expects to accidentally overdraft the account 1 time per year, due to unexpected charges and miscommunications. She expects no 2nd copies of statements, and to use network ATMs 4 times per month with either bank. She has $3300 in an emergency savings account at First State Bank, and thinks that the balance will be enough to cover overdrafts in the future if automatic transfers are made when needed.
Answers
Answer:
a.No, Common Bank will save Sharon more money.
Step-by-step explanation:
There are two banks i.e. first state bank and the common bank that should be compared in the table depend upon the prices of both the banks
On seeing it we get to know that the first state bank would charged a fee on a monthly basis i.e. $4 while on the other hand the common bank has no fee on the monthly basis
Also the unsufficient bonds are more cheaper in the common bank if we compared with the first state bank
Moreover, the $7 is charged in the first state bank and $3 charged in the common bank.
Therefore the common bank would become cheaper
Hence, the correct option is a.
Answer:
Sharon wants to open a checking account from which to pay bills. She wants online services, and a debit card, which both banks provide for free. Based upon past experience, she expects to accidentally overdraft the account 1 time per year, due to unexpected charges and miscommunications. She expects no 2nd copies of statements, and to use network ATMs 4 times per month with either bank. She has $3300 in an emergency savings account at First State Bank, and thinks that the balance will be enough to cover overdrafts in the future if automatic transfers are made when needed.
A 4-column table with 5 rows. Column 1 is labeled First State Bank with entries monthly fee, non-sufficient funds fee, second copy of statement, network A T M usage, non-sufficient funds protection from a First State Bank savings account. Column 2 is labeled Description with entries 4 dollars, 36 dollars, 7 dollars, 3 dollars each transaction, 4 dollars on each day that a transfer occurs to cover an overdraft. Column 3 is labeled Common Bank with entries monthly fee, non-sufficient funds, second copy of statement, network A T M usage, non-sufficient funds protection from a Common Bank savings account. Column 4 is labeled Description with entries 0 dollars, 24 dollars, 4 dollars, 2 dollars each transaction, not offered with this account.
Based on the tables of fees, above, if Sharon chooses First State Bank, will it save her money over choosing Common Bank?
a. No, Common Bank will save Sharon more money. <<<---Correct b. Yes, First State Bank will save Sharon money. c. No, First State Bank and Common Bank would have the same costs for Sharon. d. No, costs cannot be estimated in advance, so this information cannot be used.Step-by-step explanation:
Edge 2021
Solve graphically, 2x^2+2x-4=0
Answers
The radius of a semicircle is 2 yards what is the semicircle’s perimeter
Answers
Maggie makes blankets to sell. The table shows Maggie’s expense, f(x), her revenue, g(x), and her profit, h(x), per unit of yarn used, x.
Which expresses h(x) as a combined function?
h(x) =
x + f(x)
(f+g)(x)
(f-g)(x)
(g-f)(x)
Answers
Answer:
(g-f)(x)
Step-by-step explanation:
You have to subtract expenses from revenue and multiply by yarn to equal profit
What is the measurement of G?
Answers
Answer:
59 Degrees!!
Step-by-step explanation:
Answer:
59°
Step-by-step explanation:
180 - (57 + 64) =
180 - 121 = 59
A manufacturer has designed a process to produce pipes that are 10 feet long. The distribution of the pipe length, however, is actually Uniform on the interval 10 feet to 10.57 feet. Assume that the lengths of individual pipes produced by the process are independent. Let X and Y represent the lengths of two different pipes produced by the process. h)What is the probability that the second pipe (with length Y) is more than 0.11 feet longer than the first pipe (with length X)
Answers
The probability that the second pipe (with length Y) is more than 0.11 feet longer than the first pipe (with length X) is approximately 2.6092%.
Here,
Since the length of the pipes follows a uniform distribution on the interval [10 feet, 10.57 feet], the probability density function (PDF) for each pipe is:
f(x) = 1 / (10.57 - 10) = 1 / 0.57 ≈ 1.7544 for 10 ≤ x ≤ 10.57
Since the lengths of the pipes are independent, the joint probability density function (PDF) of X and Y is the product of their individual PDFs:
f(x, y) = f(x) * f(y) = 1.7544 * 1.7544 = 3.0805 for 10 ≤ x ≤ 10.57 and 10 ≤ y ≤ 10.57
Now, we want to find the probability that the second pipe (Y) is more than 0.11 feet longer than the first pipe (X).
Mathematically, we want to find P(Y > X + 0.11).
Let's set up the integral to calculate this probability:
P(Y > X + 0.11) = ∬[10 ≤ x ≤ 10.57] [y > x + 0.11] f(x, y) dx dy
We integrate with respect to x first and then with respect to y:
P(Y > X + 0.11) = ∫[10 ≤ y ≤ 10.57] ∫[10 ≤ x ≤ y - 0.11] f(x, y) dx dy
P(Y > X + 0.11) = ∫[10 ≤ y ≤ 10.57] [∫[10 ≤ x ≤ y - 0.11] 3.0805 dx] dy
P(Y > X + 0.11) = ∫[10 ≤ y ≤ 10.57] [3.0805 * (x)] from x = 10 to x = y - 0.11 dy
P(Y > X + 0.11) = ∫[10 ≤ y ≤ 10.57] [3.0805 * (y - (10 - 0.11))] dy
P(Y > X + 0.11) = 3.0805 * ∫[10 ≤ y ≤ 10.57] (y - 9.89) dy
P(Y > X + 0.11) = 3.0805 * [(y² / 2) - 9.89y] from y = 10 to y = 10.57
P(Y > X + 0.11) = 3.0805 * [((10.57)² / 2) - 9.89 * 10.57 - (((10)² / 2) - 9.89 * 10)]
P(Y > X + 0.11) = 3.0805 * [((111.7249 / 2) - 104.9135 - (50 / 2 - 98.9)]
P(Y > X + 0.11) = 3.0805 * [(55.86245 - 104.9135 + 49.9)]
P(Y > X + 0.11) = 3.0805 * [0.84895]
P(Y > X + 0.11) ≈ 2.6092
Therefore, the probability that the second pipe (with length Y) is more than 0.11 feet longer than the first pipe (with length X) is approximately 2.6092%.
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The area of a parallelogram is 24 square units. One side of the parallelogramis
36 units long. The other side is 4 units long. Which could be the parallelogram's
height? Choose all the correct answers.
A.1/6
B.2/3
C.3/2
D.6
E.9
Answers
The required height of the parallelogram is 2/3. Option B is correct.
Given that,
The area of a parallelogram is 24 square units. One side of the parallelogramis 36 units long. The other side is 4 units long. Which could be the parallelogram's height is to be determined.
A parallelogram is a quadrilateral consisting of pairs of parallel side.
Here,
We have given the area of the parallelogram and the measure of its base. So,
Area of the parallelogram = base * height
24 = 36 * height
height = 2 / 3
Thus, the required height of the parallelogram is 2/3. Option B is correct.
Learn more about parallelogram here:
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How much will cost to buy beef for a family of 2 if each person gets 1/2 pound of beef and the beef cost 5.99 per pound?
Answers
Answer:
it will cost 5.99
Step-by-step explanation:
because each person getting half and there are 2 peeps so add up the meet to make on pound
logan drew 4 hearts and 40 circles. What is the ratio of hearts to al shapes?
Answers
Answer:
1:11
Step-by-step explanation:
4(hearts):44(all) in simplest form is 1:11 because 4 and 44 are divisible by 4.
Answer:4:40
Step-by-step explanation:
How much smaller is x−3 than x+4?
Answers
Answer: bsf google
Step-by-step explanation: go to google look it up and find the answer
Answer:
x-3
Step-by-step explanation:
It's x-3 because if you put 12-3 it will be 9 but if you add x+4 it will be 16
Would 3.99. million flies or 47,000,000 ants have a greater mass
Answers
Ants
Step-by-step explanation:
34 full. He uses 16 of a full tank’s gas per day driving to and from work.
How many days can Drew drive to work with the gas he has in the tank?
Answers
The output from the machine depends on the input to to
A.
B.
C.
D.
Answers
Answer:
i think its B
Step-by-step explanation:
You are creating bracelets and then selling them to your friends at a 85% markup rate. If it costs you $1.80 to create the bracelet, how much of a markup will you add to the bracelet?
Answers
Answer:
you will add $1.53 to every bracelet you make
Step-by-step explanation:
figure out what 85 percent of 1.80 is and then add that to 1.80 for the total price
85% x 1.8 = 1.53 (markup ammount)
1.80 + 1.53 = 3.33 (total cost)
what is 2(3x+4)=x-7
Answers
A line passes through (2, 7) and has a slope of -4. What is its equation in point-slope form?
Sorry I'm bad
Answers
Answer:
y= (-4/1)x -1
Step-by-step explanation:
Suppose the time it takes a certain printer to print a document is an Exponential random variable with an average time of 15 seconds. You send a document to the printer at 1:00pm, and it is the third document in the queue. What is the probability that your printout will be ready by 1:01pm
Answers
Answer:
0.8046
Step-by-step explanation:
We're asked to calculate the probability that the job will be ready by 1.01 pm
From the question, we can note that the parameter of an Exponential is E(X)= 15
Next, to calculate the third job probability, we will have to use Poisson Distribution with parameter 1/λ
Therefore, E(Y) = 1/15
Then, The third job will be ready for 1:01 pm, and thus E(Y) = 61/15
Therefore, the required probability is
P(X ≥ 3) = 1 - P(X < 3)
= 1 - Poisson(3,4, true)
= 1 - 0.1954
= 0.8046