A 10-year annuity pays $1,850 per month, and payments are made at the end of each month. If the APR is 12 percent compounded monthly for the first five years, and APR of 8 percent compounded monthly thereafter, what is the value of the annuity today?

Answers

Answer 1

Based on the amount the annuity pays per month and the APR, the value of the annuity today is $133,349.85.

What is the present value of the annuity?

First, find the present value of the annuity at 5 years:

= 1,850 x present value interest factor of annuity, 60 months, 8/12%

= 1,850 x 49.32

= $91,242

Then find the present value of the annuity from 5 years till date:

= (1,850 x present value interest factor of annuity, 60 months, 12/12%) + ( 91,242) / (1 + 1%)⁶⁰)

= (1,850 x 44.955) +  ( 91,242) / (1 + 1%)⁶⁰)

= $133,349.85

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Related Questions

You work as an assistant for a local musical theatre group, the Main Street Theatre Company. The company is putting on a production of Les Misérables this year, and they need your help planning it.

All the roles have now been cast, and the lead actors playing the following parts are gathered around a large circular table for their first read: Jean Valjean, Inspector Javert, Thénardier, Enjolras, Marius, Fantine, adult Cosette, adult Éponine, and Madame Thénardier. It is your job to seat these 9 actors, the 3 producers, and the director around the table.


In Les Misérables, Monsieur Thénardier and Madame Thénardier are married, and during Act 2, Cosette and Marius become married. If the Thénardiers must next to one another, and Cosette and Marius must sit next to one another, but there are no restrictions on how the others can sit, how many different ways can you seat the 13 people around the circular table?



4
17,160
14,515,200
6,227,020,800

Answers

There are 14,515,200 ways to arrange the people around the table

How to determine the number of ways?

The given parameters are:

People = 13

Thénardiers = 2 actors

Cosette and Marius = 2 actors

If the married actors must seat together, then the actors must be grouped as 1.

The 2 actors can be arranged in 2! ways each

Now, there are 9 individuals remaining

The 9 people can be arranged in 9! ways

So, the number of ways is

Ways= 2! * 2!* 9!

Evaluate

Ways =14,515,200

Hence, there are 14,515,200 ways to arrange the people around the table

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Find the critical value z alpha/2 that corresponds to the given confidence level. ​81%

Answers

Critical values are basically cut-off values that indicate regions where the test statistic is unlikely to lie. The required critical value is 1.31.

What are critical Values?

Critical values are basically cut-off values that indicate regions where the test statistic is unlikely to lie; for example, if the null hypothesis is true, the critical value is surpassed with probability alpha.

The value of α can be written as,

α = 1 - 0.81 = 0.19

[tex]z_{\frac{\alpha}{2}} = \dfrac{0.19}{2}= 0.095[/tex]

Now, using the z-table the value of z will be,

z = 1.31

Hence, the required critical value is 1.31.

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Suppose you are a new employee. You notice that each payment option describes a sequence and decide to use rules to help determine which option to take.
Determine the iterative rule for each sequence. Show your work.

Your friend trusts your tables in Problem 1, but wonders if you wrote the iterative rules correctly. Show two calculations to convince your friend that both your rules work.

my table is below (it is correct, I checked with my math teacher, it is ten percent added to the previous week for all you doubters)

Answers

The iterative rule for each sequence in the table will be to use the slope-intercept form of the equation of a line y=mx+b.

How to depict the information?

In this situation, x is the week, and y is the amount paid. Basically, you need to find the slope, represented by m, which is the amount the amount paid increases by each week, and the y-intercept, b, which is the "amount paid" at week 0.

The x-coordinate is the week, and the y coordinate is the amount paid. Because the weeks are incrementing by 1, x2-x1=1.

After that, to complete the rule, you need to find the y-intercept. If the amount paid is 200 on week 1, and the amount paid increases by 50 each week.

Another way to think about it is by plugging your points into the incomplete rule. Let b represent the y-intercept. Plug in the values for week 1 and solve for b.

The calculations to convince your friend that both your rules work are:

m=(y2-y1)/(x2-x1)

(x1,y1)=(1,200)

(x2,y2)=(2,250)

m=(250-200)/(2-1)

=50/1 =50

y=50x+b

200=50(1)+b

200=50+b

b=200-50

b=150

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Find the equation for the line that passes through the point (2, -3), and that is parallel to the line with the equation x - 3y = 3

Answers

Step-by-step explanation:

the slope of a line is the factor of x, when the equating looks like

y = ...

so,

x - 3y = 3

x = 3y + 3

3y = x - 3

y = 1/3 x - 1

so, the original slope is 1/3.

a parallel line has the same slope.

having a specific point we can use the point-slope form as equation :

y - y1 = m(x - x1)

with m being the slope, and (x1, y1) being a point on the line.

y - -3 = 1/3(x - 2)

y + 3 = 1/3(x - 2)

simplified that is

y + 3 = 1/3 x - 2/3

y = 1/3 x - 2/3 - 3 = 1/3 x - 2/3 - 9/3 = 1/3 x - 11/3 =

= 1/3 × (x - 11)

Answer:

[tex]y=\frac{1}{3}x - \frac{11}{3}[/tex]

Step-by-step explanation:

We are given the line x-3y=3.

We want to write the equation of the line that is parallel to this line, and that passes through (2, -3).

Parallel lines have the same slope.

Therefore, let's find the slope of x-3y=3.

The line is currently written in standard form, which is ax+by=c, where a, b, and c are free integer coefficients.

In order to find the slope of this line, we can convert it into slope-intercept form, which is y=mx+b, where m is the slope and b is the value of y at the y intercept.

To do that, we need to isolate y on one side; this is the same as solving the equation for y.

x - 3y = 3

Start by subtracting x from both sides

-3y = -x + 3

Now divide both sides by -3

[tex]y = \frac{1}{3} x - 1[/tex]

The slope of the line is 1/3, as 1/3 is the coefficient in front of x.

It is also the slope of our new line.

Since the question doesn't specify which format for the equation of the line, we can use any form. However, let's put the equation of the new line into slope-intercept form.

So, substitute 1/3 as m in y=mx+b.

[tex]y = \frac{1}{3} x + b[/tex]

Now we need to find b.

As the equation passes through the point (2, -3), we can use its values to help solve for b.

Substitute 2 as x and -3 as y.

[tex]-3 = \frac{1}{3} (2) + b[/tex]

Multiply.

[tex]-3 = \frac{2}{3} + b[/tex]

Subtract 2/3 from both sides (we can write this as an improper fraction).

[tex]-\frac{11}{3} = b[/tex]

Substitute -11/3 as b in the equation.

[tex]y=\frac{1}{3}x - \frac{11}{3}[/tex]

epresents a function?
{(2, 3), (3, 4), (5, 6), (2, 9)}
{(4, 2), (5,2), (6, 2), (9, 2)}
{(1, 2), (1, 3), (1, 4), (1, 5)}
{(-4, 9), (-8, -12), (-4, -15), (-8, -21)}

Answers

Answer:

No, it does not represent a function

Step-by-step explanation:

A function can be described as a set of points where each x coordinate has 1 corresponding Y coordinate

1 has multiple different Y coordinates

2 has multiple different Y coordinates

-4 has multiple different Y coordinates

Answer:

Only the second one

Step-by-step explanation:

All of the others have multiple values for 'x'

  a function can only have one value for each value of x

     Example: the first one      when x = 2   it has two 'y' values   3 and 9

Use the function below to find F(2).

Answers

Answer:

Step-by-step explanation:

[tex]F(2)=\frac{1}[3} \cdot 4^{2}=\frac{16}{3}[/tex]

Multiply (-3) by (+1,4

Answers

The product (-3) * (1, 4) is (-3, -12)

How to multiply the numbers?

The expression is given as:

(-3) * (1, 4)

Rewrite the expression as

(-3 * 1, -3 * 4)

Evaluate the product

(-3, -12)

Hence, the product (-3) * (1, 4) is (-3, -12)

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Which graph represents a reflection across the x-axis of g(x) = (3)x?

Answers

The graph we need is [tex]y=-3^x[/tex], which is shown in the attached image.

(02.04 LC)
Choose the equation of the horizontal line that passes through the point (2, 4).
Oy=2
Ox=2
Oy = 4
Ox=4

Answers

Answer:

You're correct

Step-by-step explanation:

QUESTION IS DOWN BELOW 15 POINTS EACH

Answers

Answer:

a)

density = mass/volume

density = 320/128

density = 2.5 g/cm3

b)

mass = density x volume

mass = 65 x 26

mass = 1690g

Answer:

a) d = 2.5g/cm3

b) m = 1690g

Step-by-step explanation:

density equals mass between volume

a) [tex]d=320g/128cm^{3} =2.5g/cm^{3}[/tex]

mass equals density by volumen

b)[tex]m=(26g/cm^{3} )(65cm^{3} )=1690g[/tex]

Hope this helps

If the coordinates of one endpoint of a
line segment are (2, 3) and the midpoint
of the segment is (5,3), what are the
coordinates of the other endpoint of the
segment?

Answers

Answer: (8,3)

Step-by-step explanation:

The distance from (2,3) to (5,3) is 3. The only other point that is 3 units away from (5,3) where y=3 is (8,3).

Write out the form of the partial fraction decomposition of the fraction. Do not determine the numerical values of the coefficients.

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

Answers

Factorizing the denominator gives

[tex]\dfrac{x^4}{(x^3+x)(x^2-x+7)} = \dfrac{x^4}{x(x^2+1)(x^2-x+7)} = \dfrac{x^3}{(x^2+1)(x^2-x+7)}[/tex]

Then the partial fraction decomposition would take the form

[tex]\dfrac{x^4}{(x^3+x)(x^2-x+7)} = \dfrac{a_0x + b_0}{x^2+1} + \dfrac{a_1x + b_1}{x^2-x+7}[/tex]

A scale drawing of a new pool is shown above.All the corners are right angles.What is the perimeter of the actual pool?
The lengths are 6in 2 in 5 in and 3 in
A.550 ft
B.800ft
C. 1100 ft
D.1500 ft
PLS EXPLAIN

Answers

The perimeter of the actual pool will be option C. 1100 ft.

What is the perimeter?

It's the sum of the length of the sides used to make the given figure.

A scale drawing of a new pool is shown. All the corners are at right angles.

The lengths are 6 in, 2 in, 5 in and 3 in.

Perimeter = 6 + 2 + 5 + 3 + 2 + 4

                 = 22 in

We have given a scale;

1/2 in = 25 ft

So, 1 in = 50 ft

26 in will be

22 x  50 = 1100 ft

Hence, the perimeter of the actual pool will be option C. 1100 ft.

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Help me with this please!! :)

Answers

Answer: 26 cards

Step-by-step explanation: Just divide 52 by 2 and you get 26 cards :)

Which pair of expressions is equivalent using the Associative Property of Multiplication?

4(2a ⋅ 5) = (4 ⋅ 2a) ⋅ 5
4(2a ⋅ 5) = 8a ⋅ 20
4(2a ⋅ 5) = (2a ⋅ 5) ⋅ 4
4(2a ⋅ 5) = 4 ⋅ 2a ⋅ 5

Answers

Answer:

out of 700 full marks dolma obtained 525 marks in an examination express her marks in percent

The third answer, 4(2a • 5) = (2a • 5)4.
When fully distributed, both give the answer 8a • 20 making them equivalent through Associative Property.

Matthew picks flowers and sells them to tourists. the function s(t) approximates how many flowers matthew picks per hour. the function w(h) represents how hours per week matthew spends picking flowers. what are the units of measurement for the composite function s(w(h))?

Answers

Flowers/week is the unit of measurement for the composite function s(W(h)).

Given that the function w(h) indicates the number of hours per week that Matthew spends picking flowers and the function s(t) approximates how many flowers he collects every hour.

The process of combining two or more functions into one function is known as the composition of functions. The output of the function enclosed in parenthesis becomes the input of the function outside of them in a composition of functions.

Hours of flowers is the unit of function s(t).

Additionally, consider that W(h) denotes the number of hours per week that Matthew spends gathering flowers.

W(h) = hours/week as a unit.

The unit of the composite function s(W(h)) will be = (Flowershours)(hoursweek) = Flowersweek.

Hence, the units of measurement for the composite function s(W(h))where the function s(t) approximates how many flowers Matthew picks per hour and the function w(h) represents how hours per week Matthew spends picking flowers is flowers/week.

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Question 14 of 49
Which of the following objects is best described by the term line segment?
A. The point where two sides of a triangle meet
B. The perimeter of a triangle
C. The angle formed by two sides of a triangle
D. One side of a triangle
SUBMIT

Answers

Option (A) one side of a triangle is the object that best describes the term line segment is the correct answer.

What is a line segment?

A line segment is a part of line that is bounded by two distinct end-points. A line segment has a fixed length. Figures such as a triangle, polygon, hexagon, square are made of different numbers of line segments.

For the given situation,

A line segment is a portion or piece of a line that allows you to build polygons, determine slopes, and make calculations.

From the definition of line segment we know that the object that best describes the term line segment is one side of a triangle.

Hence we can conclude that option (A) one side of a triangle is the object that best describes the term line segment is the correct answer.

Solve this trig identity step by step

Answers

The trigonometric identity (cos⁴θ - sin⁴θ)/(1 - tan⁴θ) = cos⁴θ

How to solve the trigonometric identity?

Since (cos⁴θ - sin⁴θ)/(1 - tan⁴θ) = [(cos²θ)² - (sin²θ)²]/[1 - (tan²θ)²]

Using the identity a² - b² = (a + b)(a - b), we have

(cos⁴θ - sin⁴θ)/(1 - tan⁴θ) = [(cos²θ)² - (sin²θ)²]/[1 - (tan²θ)²]

= (cos²θ - sin²θ)(cos²θ + sin²θ)/[(1 - tan²θ)(1 + tan²θ)] =

= (cos²θ - sin²θ) × 1/[(1 - tan²θ)sec²θ] (since (cos²θ + sin²θ) = 1 and 1 + tan²θ = sec²θ)

Also, Using the identity a² - b² = (a + b)(a - b), we have

(cos²θ - sin²θ) × 1/[(1 - tan²θ)sec²θ] = (cosθ - sinθ)(cosθ + sinθ)/[(1 - tanθ)(1 + tanθ)sec²θ]

= (cosθ - sinθ)(cosθ + sinθ)/[(cosθ - sinθ)/cosθ × (cosθ + sinθ)/cosθ × sec²θ]

= (cosθ - sinθ)(cosθ + sinθ)/[(cosθ - sinθ)(cosθ + sinθ)/cos²θ × 1/cos²θ]

= (cosθ - sinθ)(cosθ + sinθ)cos⁴θ/[(cosθ - sinθ)(cosθ + sinθ)]

= 1 × cos⁴θ

= cos⁴θ

So, the trigonometric identity (cos⁴θ - sin⁴θ)/(1 - tan⁴θ) = cos⁴θ

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Match the type of insurance to the coverage it provides.

1. Insurance that covers the insured only for a specific, stated term, such as ten years
endowment
2. Insurance that covers the insured for life, and for which premiums are paid by the insured until his death
ordinary whole life
3. Insurance that covers the insured for life, for which he only has to pay a certain number of years
limited-payment life
4. Insurance that provides both insurance and savings
term

Answers

The answers include the following:

Insurance that covers the insured only for a specific, stated term, such as ten years endowment - Term life insurance Insurance that covers the insured for life, and for which premiums are paid by the insured until his death ordinary whole life - Whole life insurance.Insurance that covers the insured for life, for which he only has to pay a certain number of years - Limited-payment life insurance.Insurance that provides both insurance and savings term- Universal life insurance.

What is Insurance?

This is a form of risk management which protects individuals from any form of loss or damage.

Life insurance has different types which are appropriately mentioned and matched above.

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6) Which statement about the ladder is true?

A. The ladder has parallel line
segments only.

B. The ladder has perpendicular line segments only.

C. The ladder has parallel line
segments and perpendicular line
segments.

D. The ladder has neither parallel line segments nor perpendicular line segments.

Answers

The true statement about a ladder is; the ladder has parallel line segments and perpendicular line segments.

Parallel line

Parallel lines are lines that never meet on the same plane which have equal distance apart from each other.

Perpendicular line

They are lines that intersect each other to form a right angle.

Therefore, the ladder has parallel line segments and perpendicular line segments.

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Mr Ade's monthly salary is #460 after paying #50 for his house, giving #2 to each 5 children and setting aside #290 for food, how much has he left?​

Answers

The amount of money left for Mr Ade after deducting his house payment, children allowance and food is #110

Total balance

Mr Ade's total salary = #460

Amount paid for his house = #50

Amount given to each child = #2

Number of children = 5

Total given to his children = #2 × 5

= #10

Amount for food = #290

Balance left = 460 - (50 + 10 + 290)

= 460 - (350)

= #110

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The B737-400 aircraft costs $2948 dollars per hour to operate. The algebraic expression 2948t gives the total cost to operate the aircraft for t hours. Find the total cost to operate the B737-400 for 3.6 hours.

Answers

Answer:

The required cost is $10,612.8

Step-by-step explanation:

Find the value at t = 3.6:

2948t, t=3,6

Substitute t=3,6

Multiply 2948x3,6

Solution = 10612,8

Which list shows all the factors of 16?
A. 1, 2, 4, 8
B. 1, 2, 3, 8, 16
C. 1, 2, 4, 8, 16
D. 16, 32, 48, 64

Answers

Answer:

C

Step-by-step explanation:

To be a factor of 16 they need to be numbers that divide into it without remainders.

Answer:

Step-by-step explanation:

its C

Giving brainliest :)

Answers

Answer:

Your answer should be D. $48,856.11

Step-by-step explanation:

This formula is for Compound Continuously.

[tex]A=P*e^{rt}[/tex]

P = 40,000

e = 2.71...

r = 2.5% = 0.025

t = 8 years

Plug in our variables and solve for the money of the account within 8 years.

A = 40,000*e^(0.025*8)

A = 40,000*e^(0.2)

A = 48,856.11033

A = $48,856.11

According to the National Postsecondary Student Aid Study conducted by the U.S. Department of Education in 2008, 62% of graduates from public universities had student loans.
We randomly select 50 students at a time.
What is the standard error for the distribution of sampling proportions? If necessary, round to three decimal places.

Answers

The standard error for the distribution of sampling proportions will be 0.0686.

What is standard error for the distribution of sampling proportions?

In mathematics, the difference between a data set and the populace's true average is known as primary data deviation from the mean.

According to the National Postsecondary Student Aid Study conducted by the U.S.

Department of Education in 2008, 62% of graduates from public universities had student loans.

We randomly select 50 students at a time.

Then the standard error for the distribution of sampling proportions will be

[tex]\rm Standard\ error = \sqrt{\dfrac{p(1-p)}{n}}\\\\Standard\ error = \sqrt{\dfrac{0.62(1-0.62)}{50}}\\\\Standard\ error = 0.0686[/tex]

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describe how you can use similar triangles to explain that the slope

Answers

Similar triangles can be used to explain the slope through the right angle.

What is a triangle?

It should be noted that a triangle refers to a shape that has three sides and angles.

In this case, similar triangles can be used to explain the slope through the right angle. The slope of the hypotenuse is what we are concerned about.

The legs of the triangle will be the horizontal change and the vertical change of the endpoints.

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Graph the image of the figure given the transformation

Answers

This transformation requires us to shift 1 unit left and 4 units down.

I need help because Im losing it

Answers

The fraction of the colored part is 10/12 or 5/6. None of the option is correct

Fractions and proportions

Fractions are written as a ratio of two integers. From the given question;

3 square divided into4 equal parts will have a total of 12 parts. If Kelly colors 10 parts, the fraction of the colored part will be:

Fraction. = 10/12

Fraction = 5/6

Hence the fraction of the colored part is 10/12 or 5/6

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Please help!!! In 2000, the median household income was $41,990. In 2010, it was $49,445. What is the average rate of change in the median household income over this time period?

Answers

Answer: 745.50

Step-by-step explanation:

49445-41990=7455

7455/10=745.50

twelve bottles of water cost $9. How many bottles can you buy for $3?
What is the cost per bottle of water? How much would 7 bottles of water cost?

Answers

That is the answer for the 3 questions

12 bottles cost 9
And 3 dollars goes into 9 dollars three times, so to figure out how many u must do 12/3 = 4
So he can buy 4 bottles for three dollars
What is the cost per bottle?
Let x be cost of one bottle
12x=9
So x = 9/12 =3/4 = 0.75 cent
We know that if one bottle is 0.75 cent, then 7 bottles must be 0.75 x7= $5.25
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