You invested your summer earnings into and annuity from which you can draw expenses while you are at university. If you need to withdraw $1200 each month for 9 months of university, how much do you need to invest into an account, earning 6% per year, compounded semi-annually, in order to cover your expenses?

Answers

Answer 1

Answer:

10538.07

Step-by-step explanation:

find the effective semiannual rate: .06/2= .03

conver this into an effective monthly rate

[tex](1.03)^2=(1+i)^{12}\\(1.03)^{1/6}-1=i\\i=.0049386220312[/tex]

this is our montlhy effective rate. use this to calculate teh present value of 9 1200 dollars payments

[tex]1200(\frac{1-(1+.0049386220312)^{-9}}{.0049386220312})=10538.0729871[/tex]

which rounds to 10538.07

Answer 2

The invested amount would be $10538.52 in order to cover your expenses if you need to withdraw $1200 each month for 9 months of university.

What is compound interest?

It is defined as the interest on the principal value or deposit and the interest which is gained on the principal value in the previous year.

We can calculate the compound interest using the below formula:

[tex]\rm A = P(1+\dfrac{r}{n})^{nt} \\\\\\rm A = P(1+\dfrac{r}{n})^{nt}+\dfrac{PMD((1+\dfrac{r}{n})^{nt}-1)}{\dfrac{r}{n}}[/tex]

Where A = Final amount

          P = Principal amount

          r  = annual rate of interest

          n = how many times interest is compounded per year

          t = How long the money is or borrowed (in years)


It is given that:

You need to withdraw $1200 each month for 9 months of university,

The effective semiannual rate = 0.06/2 = 0.03

[tex]\rm i = (1.03)^{1/6} - 1[/tex]

i = 0.00493

The invested amount:

[tex]= 1200\dfrac{[1- (1 + 0.00493)^{-9}]}{0.00493}[/tex]

After simplification:

= $10538.52

Thus, the invested amount would be $10538.52 in order to cover your expenses if you need to withdraw $1200 each month for 9 months of university.

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Related Questions

What is the distance between (8, -3) and (4, - 7)?
Choose 1 answer:

Will GIVE YOU BRAINLIEST

Answers

Step-by-step explanation:

We'll find the distance using the all-famous "Distance Formula." You'll probably come across it quite a bit, so it's best to have it written down somewhere.

The Distance Formula: [tex]\sqrt{(x_{2}-x_{1})^2+(y_{2}-y_{1})^2 }[/tex]

Our points are (8, -3) and (4, -7), so we'll plug in those numbers accordingly.

For reference:

x2 = 4

x1 = 8

y2 = -7

y1 = -3

The calculation:

(substitute)

[tex]\sqrt{(4-8)^2+((-7)-(-3))^2 }[/tex]

(simplify)

[tex]\sqrt{(-4)^2+(-4)^2 }[/tex]

(square things)

[tex]\sqrt{16+16 }[/tex]

(add)

[tex]\sqrt{32}[/tex]

Answer:

[tex]\sqrt{32}[/tex]

Answer:

[tex]\boxed {\boxed {\sf C. \sqrt{32}}}[/tex]

Step-by-step explanation:

The distance between 2 points can be determined with the following formula.

[tex]d= \sqrt{(x_2-x_1)^2+ (y_2-y_1)^2[/tex]

In this formula, (x₁, y₁) and (x₂, y₂) are the 2 points. We want to find the distance between the points (8, -3) and (4, -7). If we match the value with its corresponding variable, then we see:

x₁= 8 y₁= -3 x₂= 4 y₂ = -7

Substitute the values into the formula.

[tex]d= \sqrt{(4-8)^2+(-7--3)^2[/tex]

Solve inside the parentheses.

(4-8) = -4 (-7 - -3) = (-7+3)= -4

[tex]d= \sqrt {(-4)^2+(-4)^2[/tex]

Solve the exponents.

(-4)² = -4 * -4 = 16

[tex]d= \sqrt {16+16[/tex]

Add.

[tex]d= \sqrt {32}[/tex]

This radical can be simplified, but since it is an answer choice, we can leave it as is.

The distance between the points (8, -3) and (4, -7) is √32 and choice C is correct.

construct a 3×3 matrix aij=3j-2i​ Hellpppp ASAP

Answers

[tex]a_{ij}=3j-2i[/tex] is the formula for (i, j )-th entry (row i, column j ) of the matrix. So the matrix would be

[tex]\begin{bmatrix}3\times1-2\times1&3\times2-2\times1&3\times3-2\times1\\3\times1-2\times2&3\times2-2\times2&3\times3-2\times2\\3\times1-2\times3&3\times2-2\times3&3\times3-2\times3\end{bmatrix} = \begin{bmatrix}1&4&7\\-1&2&5\\-3&0&3\end{bmatrix}[/tex]

A postmix beverage machine is adjusted to release a certain amount of syrup into a chamber where it is mixed with carbonated water. A random sample of 25 beverages was found to have a mean syrup content of fluid ounces and the sample standard deviation is fluid ounces. Find a 95% two-sided confidence interval on the mean volume of syrup dispensed. Assume population is approximately normally distributed. Round your answers to 3 decimal places.

Answers

Answer:

(1.1155 ; 1.1245)

Step-by-step explanation:

Given that :

Sample mean, xbar = 1.12

Sample standard deviation, s = 0.011

Sample size, n = 25

Since we are using the sample standard deviation, we use the T distribution ;

The confidence interval is defined as :

C. I = Xbar ± Tcritical * s/√(n)

Degree of freedom, df = n - 1 = 24

Tcritical(0.05, 24) = 2.064

C. I = 1.12 ± (2.064 * 0.011 / √25)

C.I = 1.12 ± 0.0045408

Lower boundary = (1.12 - 0.0045408) = 1.1155

Upper boundary = (1.12 + 0.0045408) = 1.1245

(1.1155 ; 1.1245)

What is the surface area of the cube below?
9 9 9
A. 508 units2
B. 405 units2
C. 486 units
D. 729 units2

Answers

Answer:

The formula of the surface area of a cube is 6 x s²

→ s = 9  

→ s² = 9²  

→ s² = 81  

→ 6 x 81 = 486

So, the surface area of the cube is 486 units².

The surface area of a cube is 486 units².

What is Surface Area?

The area is the space occupied by a two-dimensional flat surface. It is expressed in square units. The surface area of a three-dimensional object is the area occupied by its outer surface.

We have to find Surface Area of Cube.

Edge length of cube = 9 unit

So, Surface area of Cube

= 6 x s²

= 6 x 9²

= 6 x 81

= 486 units².

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7. A machine produces memory sticks of varying lengths, distributed uniformly between 3mm and 13 mm. Memory sticks longer than 10 mm do not meet the design criteria and must be scrapped. Calculate the proportion of memory sticks that will be scrapped, which is the probability that memory stickers longer than 10 mm will be scrapped.

Answers

Answer:

The proportion of memory sticks that will be scrapped is 0.3 = 30%.

Step-by-step explanation:

Uniform probability distribution:

An uniform distribution has two bounds, a and b.  

The probability of finding a value of at lower than x is:

[tex]P(X < x) = \frac{x - a}{b - a}[/tex]

The probability of finding a value between c and d is:

[tex]P(c \leq X \leq d) = \frac{d - c}{b - a}[/tex]

The probability of finding a value above x is:

[tex]P(X > x) = \frac{b - x}{b - a}[/tex]

Distributed uniformly between 3mm and 13 mm.

This means that [tex]a = 3, b = 13[/tex]

Calculate the proportion of memory sticks that will be scrapped:

[tex]P(X > 10) = \frac{13 - 10}{13 - 3} = \frac{3}{10} = 0.3[/tex]

The proportion of memory sticks that will be scrapped is 0.3 = 30%.

Cual es el capital que prestado al 10% bimestral durante 6 meses y 10 días produce un interés de 1140

Answers

Answer:

El capital que prestado al 10% bimestral durante 6 meses y 10 días produce un interés de $1140 es $3,600.

Step-by-step explanation:

Para determinar cuál es el capital que prestado al 10% bimestral durante 6 meses y 10 días produce un interés de $1140 se debe realizar el siguiente cálculo:

6 / 2 = 3

10/60 = 0.16666

10 x 3.1666 = 31.666

31.666 = 1140

100 = x

100 x 1140 / 31.666 = X

114,000 / 31.666 = X

3,600 = X

Por lo tanto, el capital que prestado al 10% bimestral durante 6 meses y 10 días produce un interés de $1140 es $3,600.

Really need help and the answer on this one plz help.

Answers

It should be the second option I hope it’s right have a good day

On a map, the scale shown is 1 inch : 5 miles. If an island is 2.5 squire inches on the map, what is the actual area of the island? The actual island's area is square miles.​

Answers

Answer:

62.5 square miles

Step-by-step explanation:

if the scale is 1 in. = 5 mi, then 1 square in. = 25 square miles

so if 1 in^2 = 25 mi^2

then you make a proportion

25/1 = x/2.5

(the square inches on the bottom and the square miles on top)

solving for x gives you

x=62.5 square miles

What is the answer to it

Answers

No question?

Why not add one!

a game is played using one die. if the die is rolled and shows a 2, the player wins $45. If the die shows any number other than 2, the player wins nothing.

If there is a charge of $9 to play the game what is the games expected value?

Answers

Answer:

The game's expected value is of -$1.5.

Step-by-step explanation:

Expected value:

Probability of each outcome multiplied by the outcome.

One out of 6 sides is 2:

1/6 probability of the player earning 45 - 9 = $36.

5/6 probability of the player losing $9. So

[tex]E = 36\frac{1}{6} - 9\frac{5}{6} = \frac{36 - 45}{6} = -\frac{9}{6} = -1.5[/tex]

The game's expected value is of -$1.5.

For a given function ƒ(x) = x2 – x + 1, the operation –ƒ(x) = –(x2 – x + 1) will result in a


A) reflection across the x-axis.

B) horizontal shrink.

C) reflection across the y-axis.

D) vertical shrink.

Answers

Given:

The function is:

[tex]f(x)=x^2-x+1[/tex]

To find:

The result of the operation [tex]-f(x)=-(x^2-x+1)[/tex].

Solution:

If [tex]g(x)=-f(x)[/tex], then the graph of f(x) is reflected across the x-axis to get the graph of g(x).

We have,

[tex]f(x)=x^2-x+1[/tex]

The given operation is:

[tex]-f(x)=-(x^2-x+1)[/tex]

So, it will result in a reflection across the x-axis.

Therefore, the correct option is A.

Answer:

A) reflection across the x-axis.

Step-by-step explanation: I took the test

One angle of an isosceles triangle is 16 what are the other 2 angles

Answers

Answer:

other two angle will be

82

as 82+82+16 = 180'

(a) How many different three-letter initials can people have: , (b) How many different three-letter initials with none of the letters repeated can people have: , (c) How many different three-letter initials with letters repeated begin with an X: , (d) How many different three-letter initials begin with a F and end in a D: .

Answers

Answer:

Step-by-step explanation:

A) 26*26*26 =17576

B)26*25*24=15600

C)26*26=676

D) 26

The 3rd and 6th term of a geometric progression are 9/2 and 243/16 respectively find the first term, common ratio, seventh term​

Answers

Answer:

Hello,

Step-by-step explanation:

[tex]Let\ (u_n)\ the\ geometric\ progression.\\\\r\ is\ the\ common\ ratio.\\\\u_3=u_0*r^3\\u_6=u_0*r^6\\\\\dfrac{u_6}{u_3} =r^3=\dfrac{\frac{243}{16} }{\frac{9}{2} } =\dfrac{27}{8} =(\frac{3}{2} )^3\\\\\boxed{r=\dfrac{3}{2} }\\\\\\u_3=u_1*r^2 \Longrightarrow\ u_1=\dfrac{u_3}{r^2} =\dfrac{\frac{9}{2} }{(\frac{3}{2^2}) } =2\\\\\\u_7=u_6*\dfrac{3}{2} =\dfrac{729}{32}[/tex]

I want to know how to solve this equation

Answers

Answer:

B

Step-by-step explanation:

5³.5^×

simply means

5³×5^×

using indices rule,

multiplication is addition

5 is common

so 5(³+×)

hence 5^3+×

I don't know how to do this. Please help

Answers

Answer:

63m³

Step-by-step explanation:

volume of a cylinder = πr²h

r = 2m, h = 5m

= 22/7 × 2² × 5

= 62.86m³

approx 63m³

A large cable company reports that 42% of its customers subscribe to its Internet service, 32% subscribe to its phone service and 23% subscribe to both its Internet service and phone service.
a) What is the probability that a randomly selected customer subscribes to the Internet service or the phone service?
b) What percent of customers subscribe to neither the Internet service nor the phone service?

Answers

9514 1404 393

Answer:

  a) 51%

  b) 49%

Step-by-step explanation:

a) P(A∪B) = P(A) +P(B) - P(A∩B)

  P(A∪B) = 42% +32% -23% = 74% -23% = 51%

51% subscribe to one or the other.

__

b) P(¬A∩¬B) = P(¬(A∪B)) = 1 -P(A∪B) = 1 -51% = 49%

49% of customers subscribe to neither service.

Let x represent the average annual salary of college and university professors (in thousands of dollars) in the United States. For all colleges and universities in the United States, the population variance of x is approximately σ2
= 47.1. However, a random sample of 15 colleges and universities in Kansas showed that x has a sample variance σ2 = 83.2. Use a 5% level of significance to test the claim that the variance for colleges and universities in Kansas is greater than 47.1. Use the traditional method. Assume that a simple random sample is selected from a normally distributed population.
a. Check requirements.
b. Establish H0 and H1 and note the level of significance.
c. Find the sample test statistic.
d. Find Critical Value.
e. Conclude the test and interpret results.

Answers

Answer:

Kindly check explanation

Step-by-step explanation:

Given that :

The hypothesis :

H0 : σ²= 47.1

H1 : σ² > 47.1

α = 5% = 0.05

Population variance, σ² = 47.1

Sample variance, s² = 83.2

Sample size, n = 15

The test statistic = (n-1)*s²/σ²

Test statistic, T = [(15 - 1) * 83.2] ÷ 47.1

Test statistic = T = [(14 * 83.2)] * 47.1

Test statistic = 1164.8 / 47.1

Test statistic = 24.73

The degree of freedom, df = n - 1 ; 10 = 9

Critical value (0.05, 9) = 16.92 (Chisquare distribution table)

Reject H0 ; If Test statistic > Critical value

Since ; 24.73 > 16.92 ; Reject H0 and conclude that variance is greater.

If 25 burgers feed 15 kids how many burgers would feed 55 kids

Answers

Answer:

1375

Step-by-step explanation:

a person who take 40 paces to cover 20m finds that a square field has a side that is 520 paces long .calculate the length of the side and the area of the field​

Answers

Look at picture for explanation

The area of the square field is 67600 m² and the side is 260 m long.

What is square?

A quadrilateral with all sides equal and all angles are right angles.

Given that, a person takes 40 paces to cover 20 m of a square field according to him the field has a side that is 520 paces long, we need to find the measure of the side and the area,

Since,

40 paces = 20 m

1 pace = 1/2 m

Therefore,

520 paces = 0.5 x 520 m

= 260 m

Therefore, the square field is 260 m long,

Area of the square field = side² = 260²

= 67600 m²

Hence, the area of the square field is 67600 m² and the side is 260 m long.

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Christian randomly selects students from his grade to rate a math test as easy, moderate, or difficult. Of the students he surveyed, 13 said the test was easy, 11 rated it as moderate, and 3 found it difficult. Assuming that all students took the same test, how many of the 162 total students in Christian’s grade would probably rate the test something other than easy?
A.
27
B.
78
C.
84
D.
126

Answers

Answer:

C.

84

Step-by-step explanation:

This question is solved using proportions.

From the sample:

11 + 3 = 14 out of 13 + 11 + 3 = 27 would rate the test something other than easy.

Out of 162:

Applying the rule of three:

14 - 27

x - 162

Applying cross multiplication:

[tex]27x = 14*162[/tex]

[tex]x = \frac{14*162}{27}[/tex]

[tex]x = 84[/tex]

Thus the correct answer is given by option C.

Answer:

I hope this helps

Step-by-step explanation:

Two angles of a triangle have the same measure and the third one is 57 degrees greater than the measure of each of the other two. Find the measure of the LARGEST angle in the triangle.

Answers

x+x+x+39=180 degrees. (The sum of the angles of a triangle is 180.)

Combine like terms:

3x+39=180

Solve for X

3x+39-39=180-39

3x=141

3x÷3=141÷3

x=47

The largest angle equals 47+39=86.

Now lets check it 47+47+86=180.

You decide to go on a 4 day backpacking trip. The first day you walk 8 miles at northeast, on the second day, you walk 4 miles at eastsouth, and on the third day you walk 3 miles at southwest. On the fourth day you need to head straight back to your car. How far do you have to walk, and in what direction

Answers

Answer:5

Step-by-step explanation:

Where the above parameters are given,  you need to walk a distance of approximately √41 miles back to your car.

How to compute the above

To calculate the total distance you need to walk, you can use the Pythagorean theorem since you have a right triangle formed by the north and east displacements.

Distance = √((Distance north)² + (Distance east)²)

= √((5 miles)² + (4 miles)²)

= √(25 miles + 16 miles)

= √41 miles

Hence, you need to walk a distance of  approximately √41 miles back to your car.

As for the direction, based on the net displacements, you are 5 miles north and 4 miles east of your car, so the direction would be a combination of north and east, often referred to as northeast.

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6. 5x = -25
a. X= 5
b. X=-5
c. x=2

Answers

Answer:

x = -5

Step-by-step explanation:

5x = -25

Divide each side by 5

5x/5 = -25/5

x = -5

Answer:

[tex]Option\ B,\ x = -5[/tex]

Step-by-step explanation:

Step 1:  Divide both sides by 5

[tex]5x = -25[/tex]

[tex]5x / 5 = -25 / 5[/tex]

[tex]x = -25/5[/tex]

[tex]x = -5[/tex]

Answer:  [tex]Option\ B,\ x = -5[/tex]

Find the length of the other two sides isosceles right triangle

Answers

Answer:

x=5 and h=5*sqrt(2)

Step-by-step explanation:

It's an isosceles right triangle, x=5. Use Pythagoras and compute h

what is the value of tan 0 in the unit circle below? (square root3/2,1/2)

Answers

Answer:

√3/3

Step-by-step explanation:

To obtain Tan θ ;

From trigonometry, tan θ = sin θ / cosθ

Given the paired value : (√3/2, 1/2)

The (cosine, sine ) pair ;

Tan θ = sin (1/2) / cos (√3/2)

Tan θ = (1/2 ÷ √3 / 2) = 1 / 2 * 2 / √3 = 2 / 2√3 = 1 / √3

Tan θ = 1 / √3

Rationlaizing the denominator :

1/√3 * √3/ √3 = √3/√9 = √3/3

I NEED HELP ON MATH PLS

Answers

Answer:

5/2 or 2½ or 2.5

Step-by-step explanation:

20/8 = 2.5

10/4 = 2.5

The pie chart shows the favorite type of book of the more than 50,000 high school students. About what percent of favorite type of book is drama? About what percent is mystery?


Complete the statements based on the information.


About

% of high school students chose dramas as their favorite type of book.


About

% of high school student chose mysteries as their favorite type of book.

Ans:
50%

25%

Answers

Answer:

About 50% of high school student chose dramas as their favorite type of book.

About 25% of high school student chose mysteries as their favorite type of book.

Thus, 50% of high school students chose dramas as their favorite type of book and 25% of high school students chose mysteries as their favorite type of book.

What is the percentage?

It's the ratio of two integers stated as a fraction of a hundred parts. It is a metric for comparing two sets of data, and it is expressed as a percentage using the percent symbol.

It is given that:

The pie chart shows the favorite type of book of more than 50,000 high school students.

As we know,

A circular statistical visual with slices illustrating a normal probability plot is named a pie chart. Each slice's arc length in a pie chart matches to the quantity it displays.

Thus, 50% of high school students chose dramas as their favorite type of book and 25% of high school students chose mysteries as their favorite type of book.

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Please help me to find this problem

Answers

9514 1404 393

Answer:

  3. 42.21 in

  4. 4.38 cm

Step-by-step explanation:

The mnemonic SOH CAH TOA is intended to remind you of the relationships between an angle in a right triangle and the basic trig functions. The triples of letters stand for ...

  Sin = Opposite/Hypotenuse

  Cos = Adjacent/Hypotenuse

  Tan = Opposite/Adjacent

where the terms "opposite" and "adjacent" refer to sides of the triangle that are opposite the angle of interest or adjacent to it, respectively.

In these problems, the measure of the hypotenuse is shown, and the problem requests the measure of the side opposite the given angle. The sine function is relevant.

__

3. sin(79°) = GE/GB = GE/(43 in)

   GE = (43 in)sin(79°) ≈ (43 in)(0.981627) ≈ 42.21 in

__

4. sin(26°) = BC/BA = BC/(10 cm)

  BC = (10 cm)sin(26°) ≈ (10 cm)(0.438371) ≈ 4.38 cm

Simplify |3 − 11| − (15 ÷ 3 + 2) 2

Answers

|-8| - (5 + 2)2
8-(7)2
8-14= -6

Follow order of operations
Other Questions
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