Jim wants to save money to open a tutoring center. He buys an annuity with a quarterly payment of 56$ that pays 3.7 interest, compounded quarterly. Payments will be made at the end of each quarter. Find the total value of the annuity in 9 years.

Answers

Answer 1

Answer:

$78.01

Step-by-step explanation:

solve the equation 56(1+.037÷4)^4×9

ends up being 56(1.00925)^36

56(1.3930133899)

=78.0087

Answer 2

The total value of the annuity in 9 years is: $78.00

We have the following information available from the question is:

He buys an annuity with a quarterly payment of $56 that pays 3.7 interest, compounded quarterly.

Payments will be made at the end of each quarter.

We have to find the total value of the annuity in 9 years.

Now, According to the question:

The total value of the annuity in 9 years :

The equation will be :

[tex]= > 56(1+ \frac{3.7}{4} )^4^(^9^)[/tex]

=>56(1.3930)

=$78.00

Learn more about Compound interest at:

https://brainly.com/question/22621039

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Related Questions

Charles drove three times as far as Emily. Altogether they drove 112 miles. What was the number of miles driven by Charles?

Answers

Answer: Charles drove 84 miles

Step-by-step explanation:

(c)harles = 3 x (e)mily

e + c = 112

Since Charles is 3x Emily, we can plug in 3e instead of c

e + 3e = 112

4e = 112

e = 112/4

e = 28

Emily drove 28 miles, and Charles drove 3x that, so Charles drove

28 x 3 = 84

Charles drove 84 miles.

Find the derivation of y=sin (2x2 + 3x-4)<br />a. -cos (4x +3) b. -(6x2+3) cos (2x3+3x-4) c. Cos (2x3+3x-4)<br />d. (6x3+3) cos (2x3+3)<br />​

Answers

Let y = f(x)

f(x) = sin x

g(x) = (2x^2 + 3x - 4)

Use the chain rule.

We want y' = f' (g(x)) • g'(x).

y' = cos(2x^2 + 3x - 4) • (4x + 3)

Done.

Write the equation of the line that passes through the given points.
(0,-5) and (3,3)
The equation of the line is
(Simplify your answer. Type your answer in slope-intercept form. Use in

Answers

[tex]\displaystyle\\Answer:\ y=\frac{8}{3}x-5[/tex]

Step-by-step explanation:

(0,-5)      (3,3)

Equation of a straight line:

[tex]\displaystyle\\\frac{x-x_1}{x_2-x_1} =\frac{y-y_1}{y_2-y_1} \\\\x_1=0\ \ \ \ x_2=3\ \ \ \ y_1=-5\ \ \ \ y_2=3\\\\Hence,\\\\\frac{x-0}{3-0} =\frac{y-(-5)}{3-(-5)}\\\\\frac{x}{3} =\frac{y+5}{3+5} \\\\\frac{x}{3} =\frac{y+5}{8} \\[/tex]

Multiply both parts of the equation by 24:

[tex](8)(x)=(3)(y+5)\\8x=(3)(y)+(3)(5)\\8x=3y+15\\8x-15=3y+15-15\\8x-15=3y[/tex]

Divide both parts of the equation by 3:

[tex]\displaystyle\\\frac{8}{3}x-5=y[/tex]

how might it be possible for the black people and white people to die at approximately the same age, but for the median age for the white people to be higher

Answers

Answer:

Step-by-step explanation:

because we are weaker

Mitch works at Comedy Cinema's concession stand. He has
helped 16 customers so far today. Find the cost of each person's
purchase and write it in the table. Then solve the riddle by writing
the letter of each answer in its matching blank.

Answers

Answer:

Step-by-step explanation:

Students use algebra to solve equations (of the form px + q = r and p(x + q) = r where p, q, and r are specific rational numbers); using techniques of making zero (adding the additive inverse) and making one (multiplying by the multiplicative inverse) to solve for the variable.

Students identify and compare the sequence of operations used to find the solution to an equation algebraically, with the sequence of operations used to solve the equation with tape diagrams. They recognize the steps as being the same.

Students solve equations for the value of the variable using inverse operations; by making zero (adding the additive inverse) and making one (multiplying by the multiplicative inverse).

There are four activities on the critical path. Coincidentally, their standard deviations are all equal to 4. The standard deviation of the critical path is therefore equal to:

Answers

Answer:

the standard deviation of the critical path is 8

Step-by-step explanation:

The computation of the standard deviation of the critical path is shown below:

As we know that

Variance = Standard deviation^2

Now the variance of the critical path is

= Variance 1 + variance 2 + variance 3 + variance 4

= 4^2 + 4^2 + 4^2 + 4^2

= 64

Now the standard deviation would be

= √64

= 8

hence, the standard deviation of the critical path is 8

4x +y = 8
2x - 3y = 4
There is no solution.
® There are infinitely many solutions.
© There is exactly one solution at (2,0).
There is exactly one solution at (0,2).
Pick a statement that describes the solution correctly

Answers

Hello! Your answer will be the second provided answer.

See attachment below for explanation...

2= f/8 f= solve the equation

Answers

2= f/8
F is being divided by eight , when moving across equal sign the sign is opposite.
2 x 8 = f
16=f

help and hurryyy plzz

Answers

help with what i don’t see a pic

an electrician cuts a 27 ft piece of wire into two pieces. one piece is 23 ft longer than the other. how long's are the pieces? ​

Answers

Answer:

Step-by-step explanation:

27-23=4

4 divided by 2=2 so

1   piece is 2ft and one piece is 25 ft

23+2ft=25 ft + 2ft =27 ft

A company’s equipment manager buys $7,000 worth of equipment. This equipment depreciates 19% each year. The manager can replace the equipment after its value falls below $500. After how many years can the manager first replace the equipment?

Answers

Answer:

13 (c)

Step-by-step explanation:

Graph the equation 7000(1-0.19)^x and then the inequality y<500, the point of intersection should be 12.524, so the answer will be rounded up to 13 i think

Answer:

13

Step-by-step explanation:

1. 3x - 5< 19
3x - 5+<19+
38 <
3x :
x<

Answers

Answer:

Love you

Step-by-step explanation:

What polygons have at least 4 sides?

Answers

Answer:

rectangles, squares, diamonds, rhombuses, and trapezoids

Step-by-step explanation:

Your Welcome

Answer:  quadralaterals, pentagons, hexagons, heptagons, occtagons, nonagons, decagons, hendecagon, dodecagon, and so on.

Step-by-step explanation:

What is the solution to the system of equations below?
y= 1/2x+6 and y=-3/4x-4
(-8, 2)
(-8,-1)
(8, 10)
(8.-10)

Answers

Answer:

A(-8, 2)

Step-by-step explanation

Answer: A

Step-by-step explanation: (-8, 2)

The length of a rectangle is 12 inches more than its width. The perimeter is 280 inches. Find the length and the width of the rectangle.

Answers

use the equation p=2l+2w and sub everything in to get 280=2l+2(l+12).
distribute the 2 for 280=2l+2l+24.
add/subtract like terms over, leaving you with 256=4l.
divide the 4 from 256, resulting in l=64.
since w=l+12, add 12 to 64 to find that w=76.
basically, l=64 and w=76.
hope this helps!

Answer:

width = 64 inches

lenght = 76 inches

Step-by-step explanation:

2(x + 12) + 2x = 280

2x + 24 + 2x = 280

4x = 280 - 24

4x = 256

x = 256/4

x = 64

if x,4x+3 and 7x+3 are geometric sequence. find the value of x
please help me​

Answers

Answer:

x =  [tex]\frac{-6}{7+\sqrt{13}}[/tex]

r =  [tex]\frac{1+\sqrt{13} }{2}[/tex]

Step-by-step explanation:

In mathematics, a geometric progression, also known as a geometric sequence, is a sequence of numbers where each term after the first is found by multiplying the previous one by a fixed, non-one number called the common ratio.

For example, the sequence 2, 6, 18, 54, ... is a geometric progression with common ratio 3. Similarly 10, 5, 2.5, 1.25, ... is a geometric sequence with common ratio 1/2.

-----

Let's take r=ratio of the geometric sequence

in first term, x is multiplied by  [tex]r^{0}[/tex]

First term:                   x [tex]r^{0}[/tex]

Second term: 4x+3 = x [tex]r^{1}[/tex]

Third term:     7x+3 = x [tex]r^{2}[/tex]

From the last 2 equation, we have to obtain r and x values.

Second equation - First equation:

3x = x r (r - 1)

Let's state: x different from 0, so we can simplify x, obtaining:

3 = [tex]r^{2}[/tex] - r

0 = [tex]r^{2}[/tex] - r - 3

r =  [tex]\frac{1+\sqrt{13} }{2}[/tex]  (only the positive value of r counts)

so, going to second term of the sequence:

4x+3 = x [tex]r^{1}[/tex] => x (4 - [tex]\frac{1+\sqrt{13} }{2}[/tex] ) = -3

x ([tex]\frac{7+\sqrt{13} }{2}[/tex] ) = -3  =>  x =  [tex]\frac{-6}{7+\sqrt{13}}[/tex]

hope it helps..

Which is the correct answer?​

Answers

Answer:

c is the correct answer

C is the correct one

if the fourth term of an ap is 1 and sum of it first right term is 18 find the tenth term​

Answers

What is cause I have no clue

which is greater 0.25 or 0.04

Answers

Answer:

0.25

Step-by-step explanation:

ez

Answer:

.25

Step-by-step explanation:

Describe the correlation if r = -0.45.

Answers

negative, weak, linear, and if there are outliers, include them

How do you solve this equation step-by-step? (below)


-2 (x - 3) = 16

Answers

Answer:

-2 (x -3 ) = 16 (use the distributive property)

-2x +6 = 16 (subtract 6 from both sides)

-2x = 10 (divide both side by -2)

x= -5

Equations and Inequalities
pls help

Answers

Answer: B=5

Step-by-step explanation:

if you plug 5 in for B, the equations equal to each other

6(5)-2=5(5)+3

30-2=25+3

28=28

NOW plug in each number to show the work (even though we already know it’s 5)

Evaluate the expression w ^2 - v + 1 for w = -2 and v = -8.

Answers

Answer:

13

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Step-by-step explanation:

Step 1: Define

w² - v + 1

w = -2

v = -8

Step 2: Evaluate

Substitute:                   (-2)² - (-8) + 1Exponents:                  4 - (-8) + 1Multiply:                       4 + 8 + 1Add:                             12 + 1Add:                             13

Answer:

the answer is 13

Step-by-step explanation:

ASAPPP HELP PLZZ I DONT UNDERSTAND​

Answers

Answer:

1/5 = 3/15

2/3 = 10/15

When all Added up

= 13/15

Step-by-step explanation:

So our LCD here is 15.

So in order to go from 5 to 15, we multiply by 3, and In order to go from 3 to 15, we multiply by 5. What we do to the denominator we also do to the numerator.

So,

[tex]\frac{1}{5} x \frac{3}{3} = \frac{3}{15}[/tex]

And,

[tex]\frac{2}{3} x \frac{5}{5} = \frac{10}{15}[/tex]

So there you go, multiply for what you need to get to the LCD, and what is done to the numerator is also done to the denominator. Enjoy

*If this Helped I'd Also Appreciate 5* and a ♥ Thanks!*

PLease helppppp (15 points)
Let f(x)=e2x. If g(x) is the graph of f(x) shifted right 3 units, down 2 units, and then reflected over the x-axis, what is the function for g(x)
A. g(x)=−(e2(x+3)−2)

B. g(x)=−(e2(x−3)+2)

C.g(x)=−(e2(x−3)−2)

D. g(x)=e2(−x−3)−2

Answers

D is the answer your looking for

Which expression is equivalent to 1/3 y?
1/3(y+12)-12
1/6y+1/3(y+3)
1/6y+1/6(y+12)-2
1/3y+1/3(6-y)

Answers

Answer:

The answer is 1/6y+1/6(y+12)-2

Step-by-step explanation:

I used a math calculator.

Answer:

1/3y+1/3(6-y)

PLEASE HELP!

Find the measure of

Answers

Answer:

85

Step-by-step explanation:

if ur adding 5 on that side then you would have to subtract on the other.

The actual distance between Singapore and Jakarta is 1000 km. On a particular map. 1 cm on
the map represents 200 km on the ground. What length on the map represents the distance
between the two cities?
5 cm
10 cm
15 cm

Answers

Answer:

5cm

Step-by-step explanation:

From the questions;

1cm represents 200km on the map

If the length of distance between the cities is 1000km, the distnce on the map will be say x;

x cm = 1000 km

Divide both equations;

1/x = 200/1000

Cross multiply;

200x = 1 * 1000

200x = 1000

x = 1000/2000

x = 5cm

Hence the length on the map that represents the distance between the two cities is 5cm

If f(x) = 4x² - 6x + 3, find f(a - 4).

Answers

∫f(x)dx=43x3−3x2+7x+Cf(x)=4x2−6x+7∫f(x)dx=∫(4x2−6x+7)dx=4⋅∫x2dx−6⋅∫xdx+7⋅∫1dx=4x33−6x22+7x11+C=43x3−3x2+7x+C

Help :) Round to the nearest 10ths

Answers

Answer:

A=0.6

Step-by-step explanation:

Answer:

0.6 is your answer

Step-by-step explanation:

the tenths place is the 1st number after the decimal which would be 5 and you would want to round that up to 6 because the number after it is iver 5 (closer to 10 than it is 1)

hope this helps:) have a good day:)

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