Jonathon saves $4,000 at the end of each quarter for 10 years. Assume 12% compounded quarterly and find the present value.
A. $35,008.24
B. $92,459.08
C. $105,623.10
D. $88,459.08

Kaitlyn hopes to attend a college where tuition is $24,000 per year. She believes that tuition will increase at 4% for the 3 years until she plans to enter college. Find the quarterly payments needed to accumulate funds to pay the first year’s tuition if funds earn 8% compounded quarterly.
A. $1,597.20
B. $34.05
C. $2,012.87
D. $2,561.30

Answers

Answer 1

Answer:

Results are below.

Step-by-step explanation:

1. First, we need to calculate the Future Value:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

n= 10*4= 40

i= 0.12/4= 0.03

FV= {4,000*[(1.03^40) - 1]} / 0.03

FV= $301,605.04

Now, the present value:

PV= FV/(1+i)^N

PV= 301,605.04/(1.03^40)

PV= $92,459.09

2. First, we need to calculate the value of the first year of college:

FV= PV*(1+i)^n

FV= 24,000*(1.04^3)

FV= $26,996.74

Now, the quarterly payments:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

i= 0.08/4= 0.02

n= 3*4= 12

A= (26,996.74*0.02) / [(1.02^12) - 1]

A= $2,012.87


Related Questions

please help me ASAP thank you!!

Answers

The answer is 2 sqrt of 3 :) hope this helps

What is the property of 4x+6=18

Answers

Answer: 4x-6= 18

4x=24

x= 24 & 4

x=6

Step-by-step explanation:

Answer:

x = 3

Step-by-step explanation:

I'm not exactly sure of what you mean by property but I think it might be associative property of multiplication?  

But to solve for x you would subtract 6 from 18 which gives your 12. Then you divide by 4 to get the x alone and 12/4 is 3.

what THE fRiCk is 3 3/4 as a fraction Bigger than 1

Answers

Answer:

I am pretty sure that it is.

Step-by-step explanation:

Isn't 3 bigger than 1

Well i hope this helps

Have a great day!!!!!!!

Three is bigger than one so yes it is

Evaluate
ifr=9 and s = 2.
S

Answers

Answer:

(4 × 9) / 2 = 36/2 = 18 gitu yaaa

Answer:

18

Step-by-step explanation:

plug in r and s

4(9)/2

36/2

18

The sum of1/2 and 1/5 is between 1/2 and 1?

Answers

Answer:

the answer is 7/10, and yes it is between a whole and a half because 7/10 is over 1/2 but less that a whole.

You work as a telemarketer and need to report to your boss the percentage of your weekly calls that result in sales
If 23 of your 177 calls last week resulted in sales, approximately what percentage should you report to your boss?
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O 8%
13%
15%
0 23%

Answers

Take 177:23=7.6 approximately 7%

help I’ll give you brainliest

Answers

Answer:

155

Step-by-step explanation:

Sort them

155 is the median value

155
Hope this helped.

Need number 11 and 10 all parts

Answers

nobody’s gonna do all parts for only 5 points

Evaluate the expression.

2
3
(

7
)
+
2
3
(

5
)
3
2

(−7)+
3
2

(−5)

Answers

Answer:

add my sc = bmic ava, no spaces

or add my discord = XoXo_ava

Step-by-step explanation:

Also have a great day and remember youre worth, dont let no boy/girl tear u down. leave them h*es aside and focus on yo self!!!

What is the value of y?
2y
Y+10
50°

Answers

Answer:

The question is incorrect. Please rewrite the question.

Justin flipped a coin and it landed on tails 7 times and heads 3 times. What is the experimental probability that the coin lands on tails the next time he flips it? (HOW DID YOU GET YOUR ANSWER PLEASE SHOW WORK!!)
A. 70%
B. 5040
C. 5.2
D. 4(2X+4)
E. 300%
F. 2.5
G. 5267
H. 4X(2X-4)
I. 299%
J. .4

Answers

Answer:

Step-by-step explanation:

Your warehouse had 51 cases of Happy Cola at the start of your shift. A truck arrived this morning with another 25 cases of Happy Cola. How many cases of Happy Cola do you have now?

Answers

Answer:

76 cases

Step-by-step explanation:

original 51 plus the 21 new is equal to 76 total

First to answer gets brainliest

Answers

55>5x+39 this is your equation and since he wants to stay under 55 you didn’t use the one with the line.

What is the distance, in units, between A(-4,-4)and (0,-2)

Answers

Answer:

2√5 ≅ 4.47

Step-by-step explanation:

the total cost of a pizza and 3 drinks is $19 the price of the pizza is $10 and each drink is the same price D what is the price of one drink please I need help ​

Answers

Answer:

3

Step-by-step explanation:

9 divide by 3 is 3 itself so the answer is 3

Answer:
The price one drink is $3.

Explanation:

Let $x be the price of one drink.

10 + 3x = 19

3x = 19 - 10

3x = 9

x = 9/3

x = 3

Which of the following is equal to sin 8
A)sin 82
B)cos 8
C)cos82
D)sin98

Answers

Answer:

A

Step-by-step explanation:

sin 82 I think but i just try

The population of a city decreases by 4.6% per year. If this year's population is
329,000, what will next year's population be, to the nearest individual?

Answers

Answer:

Your answer

313866

Mark it as Brainlist answer. Follow me to get more answer

Step-by-step explanation:

What is the y value of y=2x-3 and y=3x-7

Answers

Step-by-step explanation:

hope the above solution will help you

Write an equation in slope intercept form for the line that passes through (0,4) and is parallel to y=3x-7

Answers

y=3x+1

explanation
4=3(0)+b
4=3+b
b=1

Jordan is making a paddleball court. The court consists of a wall outlined by 40 m of paint. What dimensions

will maximize the area of the paddleball court?

Length

Width

L

а length - 20 m, width - 20 m

b. length - 13.33 m, width = 1334 m

C length - 10 m, width - 10 m

d. length - 10 m, width 20 m

Answers

Answer:

ffhhfhhfhhfhfhfhfhhfhhfhfhfhfhfhfhfhfhfhhfhfhfhfh

Answer:

lnfadvogbfvuvgayuvgalof

Step-by-step explanation:

asdbujvygadsoufyudgasoufgaedoy

Solve for x in equation x^2-10x25=35

Answers

Answer:   b

Step-by-step explanation:

x= 5+√35 and 5-√35

URGENT PLEASE ANSWER QUICKLY!!!!!!!! (WILL MARK BRAINLYIST)
Stacey delivers newspapers. She earns $15 each week plus $2.00 for each customer on her route.

Determine how much money she earns after delivering to 10, 20, 30 and 40 customers using the function f(x) = 2x + 15

x f(x)

Answers

Answer:

for 10 people she makes 35$

for 20 people she makes 55$

for 30 people she makes 75$

and for 40 people she makes 95$

Step-by-step explanation:

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Answers

Answer:

false

Step-by-step explanation:

(-3.2) + (-2.8)

-3.2 - 2.8

= - 6

answer is negative so false

Find the average rate of change

Answers

Answer:  The answer to this question would be  -6.

I hope this helped!

Answer:

-6

Step-by-step explanation:

g(-3) - g(0) / -3-0

= [2(-3²) + 10] - (0 + 10) ÷ -3

= (28 - 10) / -3

= -18/3

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Please help with this practice quiz!!

Answers

Answer:

slope is 9

Step-by-step explanation:

use the formula y=mx+b wherein m is the slope and b is the y-intercept

to solve for m, use formula (y2-y1)/(x2-x1):

[tex]\frac{127-1}{5-(-9)}[/tex] = [tex]\frac{126}{14}[/tex] (you add 5 and 9 together because negative + negative is positive)

126/14 = 9

AD is tangent to circle B at point C. What is the measure of angle BCA.

Answers

Answer:

90°

Step-by-step explanation:

Actually the question should be AC is tangent to circle B at point C. What is the measure of angle BCA.

AC is tangent and BC is radius.

Radius is perpendicular to the tangent.

Therefore,

measure of angle BCA = 90°

For what value does (1/9)^a+1=81^a+1 12^2-a?

Answers

Answer:

a = -4

Step-by-step explanation:

[tex] (\dfrac{1}{9})^{a + 1} = 81^{a + 1} \cdot 27^{2 - a} [/tex]

[tex] (3^{-2})^{a + 1} = (3^4)^{a + 1} \cdot (3^3)^{2 - a} [/tex]

[tex] 3^{-2a - 2} = 3^{4a + 4} \cdot 3^{6 - 3a} [/tex]

[tex] 3^{-2a - 2} = 3^{4a + 4 + 6 - 3a} [/tex]

[tex] 3^{-2a - 2} = 3^{a + 10} [/tex]

[tex] -2a - 2 = a + 10 [/tex]

[tex] -3a = 12 [/tex]

[tex] a = -4 [/tex]

PLEASE PLEASE PLEASE PLEASE HELP!

Answers

Answer:

x=40°

Step-by-step explanation:

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Answers

Answer:

100 cubic cm

Step-by-step explanation:

5 x 2 = 10

10 x 10 = 100

Answer:

hope it helped have a good day mate

I wrote my last question wrong. What's 4w^2 if the w = 3?

Answers

Answer:

144

Step-by-step explanation:

1. Rewrite question since you know the variable. Rewritten it would be 4×3^2

2. Do multiplication. 4 times 3 is 12

3. Square 12 which means 12 times 12

4. 12 times 12 is 144.

Hopefully it's right!

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