In casino games the player roll a pair of dice . If the first throw is a 7or 11 the player wins automatically what is the probability that theplayer will win on the first throw

Answers

Answer 1

The probability of winning on the first roll is 0.22

Solution-

As in the game of casino, two dice are rolled simultaneously.

So the sample space would be,

|S| = 36

Let E be the event such that the sum of two numbers are 7, so

E = {(1,6), (2,5), (3,4), (4,3), (5,2), (6,1)}

|E| = 6

P(E) = 6/36

Let F be the event such that the sum of two numbers are 11, so

F = {(6,5), (5,6)}

|F| = 2

P(F) = 2/36

Now,

P(E∪F)= 0.22

The probability of winning on the first roll is 0.22

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Related Questions

The matrix equation below can be used to solve a system of when your equation what is the solution to the system? [6,4][x]=[1], [9,6][y]=[3]

Answers

There is no solution from the given matrix equation.

Solving two by two matrix equations.

In a two by two matrix equation system, two matrices can be multiplied if and only if the number of columns in the first matrix is equal to the number of rows in the second matrix. It implies that the first matrix is 2×2 and the second matrix is 2×1.

Given that:

[tex]\left[\begin{array}{cc}6&4\\9&6\end{array}\right] \left[\begin{array}{c}x\\y \end{array}\right] = \left[\begin{array}{c}1 \\ 3 \end{array}\right][/tex]

We multiply each row in the first matrix by each column in the second matrix, so we get:

[tex]\left[\begin{array}{c}6x+4y\\9x+6y\end{array}\right] = \left[\begin{array}{c}1 \\ 3 \end{array}\right][/tex]

Then, we can express it as a system of linear equations:

6x + 4y = 1 --- (1)

9x + 6y = 3 --- (2)

Here, we decided to use the substitution method to solve the system of equations.

From equation (1)

x = 1/6 - 2y/3

Replace the value of x into equation (2) and solve for y, we get:

9(1/6 - 2y/3) + 6y = 3

By solving it, we get:

3/2 = 3

Thus, since 3/2 = 3 is not a true solution, then we can conclude that there is no solution.

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What is the lowest price a dozen eggs could reach before Farmer Johnson would be forced to shut down in the short run? (Please enter your answer without a dollar sign, for values less than 1.00, you must put a 0 before the decimal)

Answers

If Farmer Johnson's minimum AVC is, for example, $1.50 per dozen eggs, then any price below $1.50 would result in losses that he could not sustain in the long run.

To determine the lowest price a dozen eggs could reach before Farmer Johnson would be forced to shut down in the short run, we need to know his minimum average variable cost (AVC) of producing eggs.

The average variable cost is the variable cost per unit of output, and it includes costs that vary with the level of production, such as labour, feed, and utilities.

If the price of a dozen eggs falls below the minimum AVC, Farmer Johnson will not be able to cover his variable costs and will incur losses. In the short run, he may continue to produce as long as he can cover his variable costs, but he will eventually be forced to shut down if he cannot cover his fixed costs as well.

Without information on Farmer Johnson's specific costs, we cannot determine the exact minimum AVC or the lowest price at which he would shut down. However, we can say that the lowest price a dozen eggs could reach before he would be forced to shut down is equal to his minimum AVC.

If Farmer Johnson's minimum AVC is, for example, $1.50 per dozen eggs, then any price below $1.50 would result in losses that he could not sustain in the long run.

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kiran added 4.7x10 √4 and 1.2 x 10 √5. select all possible answers

Answers

The possible sum of Kiran adding 4.7x10 √4 and 1.2 x 10 √5 is 94 + 1.2 x 10 √5

Evaluating the sum of the expressions

From the question, we have the following parameters that can be used in our computation:

Kiran added 4.7x10 √4 and 1.2 x 10 √5

This means that we have

4.7 * 10√4 + 1.2 x 10 √5

Evaluate the square root of 4

So, we have

4.7 * 10 * 2 + 1.2 x 10 √5

When the products are evaluated, we have

94 + 1.2 x 10 √5

Hence, the possible result of the summation is 94 + 1.2 x 10 √5

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It costs a car company $25,000,000 to develop and market the model of a new car. The company sells each car for $30,000 . Which of the following represents the number of cars, c , that the car company must sell to make over $5,000,000 in profit?

Answers

Answer:1,000

Step-by-step explanation:

So we add 25 million to 5 million which is 30 million. Then we divide 30 million to 30 thousand and get 1 thousand.

Carter was out at a restaurant for dinner when the bill came. He wanted to leave a tip of 31%. What number should he multiply the cost of the meal by to find the total plus tip in one step?

Answers

The total cost of the meal is $65.50, with tip included.

Here, in this question we need to find the percentage Value, to find the total cost of the meal plus the tip, Carter needs to multiply the cost of the meal by a factor of 1 + the tip percentage, which is 1 + 31% = 1.31.

So, the number Carter should multiply the cost of the meal by to find the total plus tip in one step is 1.31.

For example, if the cost of the meal was $50, then the total cost including the tip would be addition of cost of meal and tip.

Total cost = Cost of meal + Tip

Total cost = $50 + 31% of $50

Total cost = $50 + $15.50

Total cost = $65.50

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3
A bag contains red and blue marbles, such that the probability of drawing a blue marble is . An experiment consists of
drawing a marble, replacing it, and drawing another marble. The two draws are independent. A random variable assigns
the number of blue marbles to each outcome.
What is the probability that the random variable has an outcome of 3?
a. 24%
C. 14%
96
b.
By 39%
d. 0

Answers

Answer:

We can use the binomial probability formula to find the probability of getting exactly 3 blue marbles in two draws:

P(X=3) = (2 choose 3) * (0.6)^3 * (0.4)^(-1) = 0.288

However, since we are asked for the probability of the random variable having an outcome of 3 (i.e. getting exactly 3 blue marbles), we can simply use this probability:

P(X=3) = 28.8%

Therefore, the answer is (a) 24%.

un automóvil que se desplaza en una pista recta aumenta su velocidad de 15 m/s a 45 m/s utilizando para ello un
po de 10 segundos. Consideremos que la aceleración fue uniforme, calcula:
aceleración en dicho tiempo.

Answers

The acceleration of the car at that time was 3 m/s².

We have,

From the kinematic equation to find the acceleration:

v = u + at

where v is the final velocity, u is the initial velocity, a is the acceleration, and t is the time.

Initial velocity u = 15 m/s

Final velocity v = 45 m/s,

Time t = 10 s

We can rearrange the equation to solve for acceleration:

a = (v - u) / t

Substituting the values, we get:

a = (45 m/s - 15 m/s) / 10 s

a = 3 m/s^2

Therefore,

The acceleration of the car at that time was 3 m/s².

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The complete question in English.

A car moving on a straight track increases its speed from 15 m/s to 45 m/s using a po of 10 seconds.

Assuming that the acceleration was uniform, calculate:

acceleration at that time.

What is the volume of the cylinder?

Answers

The volume of the cylinder of radius 3 m and height 8 m is given as follows:

V = 72π cubic meters.

How to obtain the volume of the cylinder?

The volume of a cylinder of radius r and height h is given by the equation presented as follows:

V = πr²h.

The parameters for this problem are given as follows:

r = 3 m and h = 8 m.

Hence the volume of the cylinder is obtained as follows:

V = π x 3² x 8

V = 72π cubic meters.

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The numbers 1, 2, 3 and 4 have weights 0.1, 0.2, 0.3 and 0.4 respectively.
What is the weighted mean?

2.5

2.8

3.0

3.2

Answers

Answer:

1(.1) + 2(.2) + 3(.3) + 4(.4)

= .1 + .4 + .9 + 1.6 = 3.0

Answer:

Step-by-step explanation:

To calculate the weighted mean, first multiply each number by its corresponding weight, then add-up the products and divide by the sum of the weights-

weighted mean = (1 x 0.1 + 2 x 0.2 + 3 x 0.3 + 4 x 0.4) / (0.1 + 0.2 + 0.3 + 0.4)

Then simplifying the numerator:-

weighted mean = (0.1 + 0.4 + 0.9 + 1.6) / (0.1 + 0.2 + 0.3 + 0.4)

Then adding up the numerator:-

weighted mean = 3 / 1

So the weighted mean of the numbers 1, 2, 3, and 4 with weights 0.1, 0.2, 0.3, and 0.4 respectively is 3.

If AC = BC, find m<C
.A (8x-40) B (5x - 1)​

Answers

The solution is, the measure of angle C is 52.

Here, we have,

If AC = BC

and, given that,

.A =(8x-40)

B =(5x - 1)

so, we have,

AC = BC i.e. ABC  is isosceles triangle.

so, the angle A & B are equal .

so, we get,

(8x-40)  = (5x - 1)

or, x = 39/3

        = 13

so, angle A = angle B = 64

so, m<C = 180 - 2*64

              = 52

Hence, The solution is, the measure of angle C is 52.

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fill in the following table based on this function. show your work.

Answers

The table can be complete based on the function given by substituting as:

When s = 0, M(s) = -3

When s = 4, M(s) = 7

When s = 9, M(s) = 12

Given a function,

M(s) = 5√s - 3

Substitute each of the value of s to find the corresponding value of M(s).

When s = 0,

M(s) = 5√0 - 3 = 0 - 3 = -3

When s = 4,

M(s) = 5√4 - 3 = 10 - 3 = 7

When s = 9,

M(s) = 5√9 - 3 = 15 - 3 = 12

Hence the blank spaces are -3, 7 and 12.

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What is an equation of the line that passes through the points (-4, 8) and (6, 3)?

Answers

Answer:

y = - [tex]\frac{1}{2}[/tex] x + 6

Step-by-step explanation:

the equation of a line in slope- intercept form is

y = mx + c ( m is the slope and c the y- intercept )

calculate m using the slope formula

m = [tex]\frac{y_{2}-y_{1} }{x_{2}-x_{1} }[/tex]

with (x₁, y₁ ) = (- 4, 8 ) and (x₂, y₂ ) = (6, 3 )

m = [tex]\frac{3-8}{6-(-4)}[/tex] = [tex]\frac{-5}{6+4}[/tex] = [tex]\frac{-5}{10}[/tex] = - [tex]\frac{1}{2}[/tex] , then

y = - [tex]\frac{1}{2}[/tex] x + c ← is the partial equation

to find c substitute either of the 2 points into the partial equation

using (- 4, 8 )

8 = - [tex]\frac{1}{2}[/tex] (- 4) + c = 2 + c ( subtract 2 from both sides )

6 = c

y = - [tex]\frac{1}{2}[/tex] x + 6 ← equation of line

Please answer the question

Answers

Answer:

23,850 cubic inches

Step-by-step explanation:

I think I know your dad officer Chau he works at my middle school in Navarre. this was also kind of a basic and easy question I would recommend trying to figure it out yourself before turning to the internet.

date:
go to 3. The tree harvester makes the same growth estimates for the trunk of a sequoia
tree that has a height of about 95 meters and a base diameter of about 12.2 meter.
Find the mass of the trunk.
Glant Sequola Facts
Height To 311 ft.
Age: To 3,200 years
Bark: To 31 in, thick
Base: To 40 ft. diameter
1 meter 3.28084
The wood of a sequoia tree has a density of about 450
kilograms per cubic meter.
mowans "rlod bnia Streishib el ribirW S

Answers

The mass of the trunk of the sequoia tree is 141443.1 kg.

The volume of a cylinder, using the formula:

V = πr²h

π is pi (approximately 3.14)

r is the radius of the trunk (which is half the diameter)

h is the height of the trunk

1 meter = 3.28084 feet

we can convert the given measurements from feet to meters to ensure consistent units.

The base diameter of the tree is 12.2 meters / 3.28084 = 3.719 meters,

so the radius is 3.719 / 2 = 1.8595 meters.

The height of the tree is 95 meters / 3.28084 = 28.9568 meters.

Therefore, the volume of the trunk is:

V = π(1.8595)²(28.9568) = 314.318 cubic meters

Now calculate the mass of the trunk by multiplying the volume by the density of the wood:

M = V × ρ

=  314.318  × 450

= 141443.1 kg

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please help me, here is schreenshot quick and right answers only. algebra

Answers

The linear function with the greatest rate of change is f(x) = 2x

Which linear function has the greatest rate of change?

The general linear function can be written in the following way.

y = ax + b

a is the slope or rate of change, and b is the y-intercept.

From the given options, the line with the greatest rate of change is the one that grows the fastest, and we can see that the equation for that line is:

y = 2x

So that is the correct option.

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Please calculate this...

Answers

The solution of the expression is 3.659

First, we will start with the expression inside the brackets, i.e., [(3 1/3 * 1.9) + (19.5 / (4 1/2)]. Here, we have two operations - multiplication and division. According to PEMDAS, we need to perform multiplication before division.

To simplify this expression, we will first convert 3 1/3 to an improper fraction. 3 1/3 is the same as 10/3. Therefore, the expression inside the brackets becomes

=> [(10/3 * 1.9) + (19.5 / (9/2)].

Next, we will simplify the multiplication first -

=> 10/3 * 1.9 = 19/3.

Now, let's simplify the division operation

=>  19.5 / (9/2) = 4.33

Therefore, the expression inside the brackets becomes

=>  [(19/3) + 4.33] = 8.99

Moving on to the denominator of the given expression

=> [62/75 - 0.16]. Here, we need to perform subtraction first as it comes before division in PEMDAS.

62/75 =  0.8266

Therefore, the denominator of the given expression becomes

=> [0.8266 - 0.16] = 0.6666

Now, let's simplify the numerator of the given expression. We have

=> [(3.5 + 4 2/3 + 2 2/15) / (0.5 * (1 1/20 + 4.1))].

Let's first convert all the mixed fractions to improper fractions.

3.5 can be written as 7/2, 4 2/3 can be written as 14/3, and 2 2/15 can be written as 32/15.

Therefore, the numerator becomes

=>  [(7/2 + 14/3 + 32/15) / (0.5 * (21/20 + 4.1))].

Let's first simplify the expression inside the brackets

=>  21/20 + 4.1 = 5.15.

Therefore, the numerator becomes

=>  [(7/2 + 14/3 + 32/15) / (0.5 * 5.15)].

Now, let's simplify the addition operation in the numerator. We need to find a common denominator to add the fractions.

The common denominator for 2, 3, and 15 is 30.

Therefore, (7/2 + 14/3 + 32/15) can be written as

=> (105/30 + 140/30 + 64/30).

Adding the fractions, we get (309/30).

Therefore, the numerator becomes [(309// (0.5 * 5.15)].

Next, let's simplify the expression inside the brackets - 0.5 * 5.15 = 2.575.

Therefore, the numerator becomes

[(309/30) / 2.575] = 3.68

Now that we have simplified the numerator and denominator of the given expression separately, we can simplify the entire expression.

[(8.99) / (0.6666)] / [3.68]

Let's first simplify the expression inside the first set of brackets.

(8.99) / (0.6666) = 13.486

Therefore, the given expression becomes 13.486 / 3.68 = 3.659

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Find the equation of the line joining the points (1,6) and (6,1)

Answers

Step-by-step explanation:

in what form do you need the equation ?

I assume it is the slope-intercept form :

y = ax + b

"a" being the slope of the line, "b" being the y-intercept of the line.

the slope of a line is the ratio

y-coordinate difference / x-coordinate difference

when going from one point on the line to another.

and the y-intercept (y-axis intercept, to be precise) is the y-value when x = 0.

so, starting with the slope, we go for example from (1, 6) to (6, 1) :

x changes by +5 (from 1 to 6).

y changes by -5 (from 6 to 1).

so, the slope is

-5/+5 = -1

so, we know, our equation looks like

y = -x + b

to get "b" we use one of the points, e.g. (1, 6) :

6 = -1 + b

b = 7

and our final equation is

y = -x + 7

The 10 passengers on a small airplane have paid a total of $1,580 for the flight.

If an economy ticket cost $135 and a first-class ticket costs $250 , how many economy tickets were bought?

Answers

Answer:

8 people bought economy and 2 bought first class

Step-by-step explanation:

there are 10 person and total is 1580 so 250+ 9(135)=1460 which is wrong so we gonna try adding 2(250) and 8(135) which got us 1580

write the equation of a function whose parent function, f(x)= x+6, is shifted 4 units to the right

Answers

The transformed fuction shifted 4 units to the right of the parent function is g(x)= x + 2

Writing the equation of the transformed function

From the question, we have the following parameters that can be used in our computation:

Parent function, f(x)= x+6,

Transformation: shifted 4 units to the right

The rule of the above transformation is

g(x) = f(x - 4)

Substitute the known values in the above equation, so, we have the following representation

g(x)= x - 4 + 6,

Evaluate the terms

g(x)= x + 2

Hence, the transformed fuction is g(x)= x + 2

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Please answer all these questions by today

Answers

The statement that is not true on the cube - shaped box is C. The volume of the box is 1 square foot.

The possible dimensions for the bottom layer would be :

Length = 1 unit , Width = 12 unitsLength = 2 units , Width = 6 unitsLength = 3 units , Width = 4 units

How to find the possible dimensions ?

In answer to the rectangular prism inquiry, we know that the prism is made of 36 cubic units and has a height of 3 units. To discover all potential bottom layer dimensions, divide the total number of cubic units (36) by the height (3 units):

36 / 3 = 12

The possible dimensions of the bottom layer:

1 x 12 = 12

2 x 6 = 12

3 x 4 = 12

This means that the possible dimensions would be:

Length = 1 unit , Width = 12 units

Length = 2 units , Width = 6 units

Length = 3 units , Width = 4 units

A square foot is a unit of area, not volume. The volume should be measured in cubic feet.

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What is 7/12x - y/6x^2 expressed in simplest form

Answers

The expression 7/12x - y/6x² in its simplest form is (7x - 2y)/(12x²).

We have,

To simplify the expression 7/12x - y/6x², we need to find a common denominator for the two terms.

The common denominator is 12x^2.

Multiplying the first term by x/x and the second term by 2/2, we get:

(7x)/(12x²) - (2y)/(12x²)

Combining the two terms, we get:

(7x - 2y)/(12x²)

Therefore,

7/12x - y/6x² in its simplest form is (7x - 2y)/(12x^2).

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A rectangular prism with a square base has a height of 17.2cm and a volume of 24.768cm². What is the length of its base?

Answers

Let's use the formula for the volume of a rectangular prism to solve for the length of the base.

The formula for the volume of a rectangular prism is:

V = lwh

where V is the volume, l is the length, w is the width, and h is the height.

We know that the height of the rectangular prism is 17.2 cm, and the volume is 24.768 cm³. We also know that the base is a square, so the length and width are the same. Let's call the length of the base x.

Then, we can write:

V = lwh
24.768 = x * x * 17.2
24.768 = 17.2x²
x² = 1.44
x = 1.2

Therefore, the length of the base of the rectangular prism is 1.2 cm.
Let x be the length of the base of the rectangular prism.

The formula for the volume of a rectangular prism is V = lwh, where l is the length, w is the width, and h is the height.

In this problem, we know that the height is 17.2 cm, and the volume is 24.768 cm³. We also know that the base is a square, so the length and width are the same.

Therefore, we can write the equation:

24.768 = x² * 17.2

To solve for x, we can divide both sides by 17.2, and then take the square root of both sides:

x² = 24.768 / 17.2

x² = 1.44

x = sqrt(1.44)

x = 1.2

Therefore, the length of the base of the rectangular prism is 1.2 cm.

{V49 + [V81 - x 9x - 14)]}

Answers

The solution is, the simplification of the expression is:

{16 - 9x^2 + 14x}

Here, we have,

given that,

the expression:

{√49 + [√81 - x (9x - 14)]}

now, we have to simplify this expression:

{√49 + [√81 - x (9x - 14)]}

={7 + [9 - x (9x - 14)]}

={7 + [9 - 9x^2 + 14x]}

={7 +9 - 9x^2 + 14x}

={16 - 9x^2 + 14x}

Hence, The solution is, the simplification of the expression is:

{16 - 9x^2 + 14x}

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what numbers should replace a b c to make 9

Answers

Answer:

I did the math in my head but please please trust me

It’s below

Step-by-step explanation:

C = 1 1/2

B = 2

A = 5


I’m going to try to explain as best as I can

First solve for C by subtracting the other numbers in its line going up to down from 9:

9 - 3 1/2 + 4 = C

9 - 7 1/2 = C

1 1/2 = C


now that w have C we can solve for b doing same steps:

9 - 5 1/2 + 1 1/2 = b

9 - 7 = b

2 = b


now we do A:

9 - 2 + 2 = a

9 - 4 = a

5 = a

Answer

A should be 5

B should be 2

c should be

[tex] 1\frac{1}{2 \\ } [/tex]

all should add up to 9

2+A(5)+b(2)= 9

a(5)+3 1/2+ 1/2=9

5 1/2+ b(2)+ 1 1/2= 9

3 1/2+ 1 1/2+ 4= 9

---
The following data points represent last year's revenue (in thousands of
dollars) for each Herman's Hoagies location.
Answer 2 questions about the data points:
1. Sort the data from least to greatest.
112,121,124,137,147,156,173,189
2. Find the median revenue.

Answers

Answer:1.112,121, 124,137,147,156,173,189

2.the median is 242

Step-by-step explanation:

Find the value of c in the diagram below.
C-5 C-5 C-5 C-5 C-5 C-5=35

Answers

The value of c in the given diagram would be 10. 83.

How to find the value of C ?

From the diagram we see that when C is subtracted by 5 and then multiplied with this value 6 times, we get the value of 35.

In other words:

6 ( C - 5 ) = 35

Showing that when C - 5 is multiplied by 6, we get the value of 35.

Therefore, solving gives:

6 C - 30 = 35

6 C = 35 + 30

6 C = 65

C = 65 / 6

C = 10. 83

In conclusion, the value of C is 10. 83.

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What is the distance from (−18, −5) to (−18, 24)? −29 units −19 units 19 units 29 units

Answers

The distance from (-18, -5) and (-18, 24) is 29 units which is calculated with  the formula of shortest distance between two coordinates.

Hence option d is the correct option.

The coordinates are given as, say P is (-18, -5) and Q is (-18, 24).

The distance between P and Q can be calculated with the formula of shortest distance between two coordinates as,

Shortest distance between P and Q, PQ = [tex]\sqrt{(x_{2} - x_{1})^2 + (y_{2} - y_{1})^2 }[/tex]  units

⇒ PQ = [tex]\sqrt{((-18) - (-18))^2 + ((24) - (-5))^2 }[/tex]  units

⇒ PQ = [tex]\sqrt{(-18 +18)^2 + (24 +5)^2 }[/tex]  units

⇒ PQ = [tex]\sqrt{(0)^2 + (29)^2 }[/tex]  units

⇒ PQ = [tex]\sqrt{29^2}[/tex] units

⇒ PQ = 29 units

Hence option d 29 units is the correct option.

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this needs to be done i dont know

Answers

Answer:

Step-by-step explanation:

I’m sorry but I don’t know how I can solve you question

EXPLORE ACTIVITY 2
TEKS 7.13.8
Analyzing a Family Budget
One way to present a budget is in a circle graph. You can see at a glance which
categories take the greatest part of the family's resources. You can also work
backward from a circle graph to figure out exactly how much money is in each
category.
Use the circle graph to complete
the table for the Baker family's
monthly budget. Their net
monthly income is $4,000.
STEP 1)
STEP 2
STEP 3
STEP 4
STEP 5
432 Unit 7
Enter the income in the table.
Enter the percent or amount of money for each
category from the circle graph in the table.
Calculate the amount of money or the percent
for each category in the table.
Determine which expenses are fixed and
which are variable. Place X's in the appropriate
columns.
Complete the Amount Available column.
Item
Net monthly income
means how much
income the family
has after taxes.
Net monthly
Income
Housing cost
Food
Savings
Entertainment
Clothing
Medical
Transportation
Emergency
fund
Amount
($)
Percent
(%)
Baker Family's Monthly Budget
Emergency fund
Transportation
(car expense,
bus passes)
$400
Medical
(insurance
and
additional
expenses)
$600
Clothing
8%
Entertainment
Savings
$320
Fixed
Variable
Amount
Expense Expense Available
($)
Housing
cost (house
payment and
Insurance!
$1,400
Food
15%

Answers

Note that the table of budget is attached accordingly, and steps 1-4 have been completed. See the table.

What happened during emergency repair of $305?

4) Since the emergency fund for that month was $200, it means that they are in the short for $105. They can only affod it if they take from their savings.

5) they had a balance of $800 for the month. This is miscellaneous funds. They can make use of this for the trip to NASA. This way, they won't have to touch the savings or entertainment.

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Full Question:
See attached image.

Reflect

4. Analyze Relationships One month, the family must make an

emergency car repair for $305. Are they able to pay for it out of the

fixed emergency fund for that month? If not, how can they afford it?

5. The family wants to make a trip to Houston to visit the NASA Space

Center. What are some ways they can save without using all of the

allotted $160 for entertainment

You want to purchase a new car
In 9 years and expected the car to cost $15,000. Your bank offers a plan a guaranteed APR of 6.5% .
If you make regular deposits.
How much should you deposit each month to end up $15,000 in 9 years ?

Answers

We can use the formula for the future value of an annuity again, but this time we need to solve for the payment amount, given the future value we want to accumulate. The formula is:

Pmt = FV x (r / ((1 + r)^n - 1))

where:

Pmt is the monthly payment we need to make
FV is the future value we want to accumulate (which is $15,000 in this case)
r is the monthly interest rate, which we can calculate as APR / 12 (since APR is the annual interest rate)
n is the total number of payments we will make, which is the number of years times 12 (since there are 12 months in a year)

Substituting the given values, we get:

Pmt = $15,000 x (0.065/12) / ((1 + 0.065/12)^(9*12) - 1)
Pmt = $15,000 x 0.00541667 / (1.92449 - 1)
Pmt = $15,000 x 0.00541667 / 0.92449
Pmt = $87.63 (rounded to the nearest cent)

Therefore, you need to deposit $87.63 per month to accumulate $15,000 in 9 years at an APR of 6.5%.
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