What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 9.6%, compounded semiannually, so that the account will have a future value of $150,000 at the end of 19 years? (Round your answer to the nearest cent.)

Answers

Answer 1

The size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 9.6%, compounded semiannually, is PMT ≈ $1,757.23

How to solve for the deposit

FV = PMT * [(1 + r)^nt - 1] / r

(1 + r)^nt = (1 + 0.048)^(2 * 19)

= (1.048)^38

= 5.0989

$150,000 = PMT * [(5.0989 - 1) / 0.048]

$150,000 = PMT * 4.0989 / 0.048

$150,000 ≈ PMT * 85.4146

Now, divide both sides by 85.4146 to find the value of PMT:

PMT ≈ $150,000 / 85.4146

PMT ≈ $1,757.23

The size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 9.6%, compounded semiannually, is PMT ≈ $1,757.23

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Related Questions

An amount of $290,000 is borrowed for a periad of 25 years loan is below. Payments of $1, 530.73 are made monthly Payment # Payment Interest Debt Payment 1 1,530.73 966.67 564.06 N 1,530.73 964.79 565.94 3 1,530.73 962.90 567.83 4 5 rest rate of 4%. The amortization schedule for this Balance 289, 435.94 288, 870.00 288,302.17 Calculate 2, the balance on the loan at the end of month 4. Give your answer to the nearest dollar. Do not include com or the dollar sign in your answer.

Answers

The balance on the loan at the end of month 4 is approximately $289,836.23.

We are given that;

Amount borrowed= $290,000

Time 25 years

Payment=  $1, 530.73

Now,

To calculate the balance on the loan at the end of month 4, we can use the following formula2:

Balance = (Loan amount - Debt payment) * (1 + Interest rate / 12) - Debt payment

Where:

Loan amount is the original amount borrowed ($290,000)

Debt payment is the amount of principal paid in each monthly payment ($564.06 for the first month and $565.94 for the second month)

Interest rate is the annual interest rate divided by 100 (0.04)

Plugging in the values, we get:

Balance = ($290,000 - $564.06) * (1 + 0.04 / 12) - $565.94 Balance = $289,435.94 * 1.003333 - $565.94 Balance = $290,402.17 - $565.94 Balance = $289,836.23

Therefore, by the interest the answer will be $289,836.23.

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Complete the similarity statement

Triangle MTA ~ triangle HTM ~ triangle ___

Answers

The similarity statement is completed as below

Triangle MTA ~ triangle HTM ~ triangle HMA

How to complete the similarity statement

A similarity statement is a statement in mathematics that expresses the affinity between two or more figures.

These figures are similar, meaning they have corresponding angles that are identical and sides that are equivalent in size ratio. The same shape is shared by them, although their sizes may be different.

The similar triangles are

Triangle MTA Triangle HTM Triangle HMA

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a cable technician working fo the local cable company needs to lay down cable down through the neighborhood below. He is unsure how much cable cable he needs, though. Use the pythagorean theorem to help him find the length in feet of cable he needs to fufill his duty

Answers

To use the Pythagorean theorem to find the length of cable the technician needs, we need to know the distance he needs to cover and the height difference between the two points.

Let's say the distance he needs to cover is 1000 feet and there is a height difference of 200 feet between the two points.

Using the Pythagorean theorem, we can find the length of cable he needs:

c² = a² + b²

where c is the length of the cable, a is the distance he needs to cover, and b is the height difference between the two points.

Plugging in the values we have:

c² = 1000² + 200²

c² = 1,040,000

c = √1,040,000

c ≈ 1,020.62

Therefore, the technician needs approximately 1,020.62 feet of cable to fulfill his duty.

A website is selling barbecue grills for $94, but mentions that they originally cost $200. What
is the discount, as a percentage?
Write your answer using a percent sign (%).

Answers

A website is selling barbecue grills for $94, but mentions that they originally cost $200 the discount, as a percentage, is 53%.

The discount is the difference between the original price and the discounted price.

Discount = $200 - $94 = $106

To find the percentage discount, we need to calculate what percentage of the original price the discount represents:

Percentage discount = (Discount/Original price) x 100%

Percentage discount = ($106/$200) x 100%

Percentage discount = 53%

Therefore, the discount, as a percentage, is 53%.

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Solve the equation 120 + 1814
x = 180 − 134
x for x.

Answers

Answer:

Step-by-step explanation:

The equation given is:

120 + 1814x = 180 - 134x

We can simplify this equation by adding 134x to both sides:

120 + 1948x = 180

Next, we can subtract 120 from both sides:

1948x = 60

Finally, we can solve for x by dividing both sides by 1948:

x = 60/1948

Therefore, the solution is:

x = 0.0308 (rounded to four decimal places)

Answer:

To solve the equation, we need to first convert the mixed numbers to improper fractions:

120 + 18 1/4 x = 180 − 1 3/4 x

120 + 73/4 x = 180 - 7/4 x (converting mixed numbers to improper fractions)

Multiplying both sides by 4 to eliminate the fractions, we get:

480 + 73x = 720 - 7x

Combining like terms, we get:

80x = 240

Dividing both sides by 80, we get:

x = 3

Therefore, the solution for x is 3.

A sample of 81 items is taken from a population with a standard deviation of 45 kilograms. The sample mean is 112 kilograms. What weights are included in the 99.7% of confidence interval?

Answers

The confidence interval of the given data is (117, 107).

Given that:

Sample mean X = 112

Standard deviation σ = 45

Sample size n = 81

Confidence level = 99.7%

Z Score = (x − μ )/σ

Z score = 0.9944

Confidence interval = X±z (σ/√n)

= 112±0.9944(45/√81)

= 112±0.9944(5)

= 112±4.972

= 112+4.972 or 112-4.972

= 116.972 or 107.028

= (117, 107)

Therefore, the confidence interval of the given data is (117, 107).

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HELP PLSZZZZSZZZZZZZZZZ need asap

Answers

Answer:

60 (C)

Step-by-step explanation:

65+55=120

180-120=60

Find the tangent of each angle that is not the right angle.
Drag and drop the numbers into the boxes to show the tangent of each angle.

Answers

The solution is,  the tangent of each angle that is not the right angle is:

angle tan A = 1.33

angle tan B = 0.75

Here, we have,

Given:

ABC is a right triangle.

angle ACB = 90

To find:

tan A

tan B

We know that tangent of an angle is given by the ratio

= opposite / adjacent

The opposite side and adjacent side is taken with respect to the angle for which the tangent is to be found.

tan A = BC/ AC

         = 8/6

         = 4/3

         = 1.33

and, tan B = AC/BC

                 = 6/8

                 =0.75

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Let A=[1 2 5 4] B=[-1 1 1 10]. Find A^2 B^2. Hint A^2 = A•A

Answers

The combination of [tex]A_2[/tex] and [tex]B_2[/tex] results in  [tex]A_2[/tex]  [tex]B_2[/tex] , where   [tex]A_2[/tex]  is the product of   [tex]A_2[/tex]  and  [tex]B_2[/tex] , and  [tex]B_2[/tex]  is the product of  [tex]B_2[/tex]  and   [tex]A_2[/tex] . The dot product of both vectors A and B yields a result of 4738 for the product of   [tex]A_2[/tex]  and  [tex]B_2[/tex] .

What is vector?

A vector is a mathematical construct with a length and a direction. It is frequently used to symbolise tangible properties like force, velocity, and acceleration. There are numerous techniques to multiply, add, and manipulate vectors. The characteristics and interactions of vectors in higher dimensions are described using vector calculus.

[tex]A_2B_2=A_2.B_2\\\\A_2=A.A\\\\A.A=[1.1+2.2+5.5+4.4][/tex]

=1+4+25+16

=46

[tex]B_2=B.B\\\\B_2=B.B\\\\B.B=[-1.-1+1.1+1.1+10.10][/tex]

=1+1+1+100

=103

[tex]A_2B_2=46.103\\\\A_2B_2=4738[/tex]

Therefore, [tex]A_2B_2=4738[/tex]

The combination of [tex]A_2[/tex] and [tex]B_2[/tex] results in  [tex]A_2[/tex]  [tex]B_2[/tex] , where   [tex]A_2[/tex]  is the product of   [tex]A_2[/tex]  and  [tex]B_2[/tex] , and  [tex]B_2[/tex]  is the product of  [tex]B_2[/tex]  and   [tex]A_2[/tex] . The dot product of both vectors A and B yields a result of 4738 for the product of   [tex]A_2[/tex]  and  [tex]B_2[/tex] .

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Plot the numbers -1 1/4 and 5/2 on the number line below. This is due tonight, pls help ):

Answers

-1 1/4 is equal to -1.25 so you would plot it on the line on the left next to -1.

5/2 is equal to 2.5 so you would plot it halfway between positive 2 and positive 3

work out the some of the interior angles of a pentagon

Answers

"Although part of your question is missing, you might be referring to this full question: Work out the sum of the interior angles of a pentagon".

A pentagon is a polygon with five sides. We can use a formula to get the pentagon's interior angle total. According to the formula, (n-2) x 180 degrees can be used to calculate the total of any polygon's internal angles. This formula can be changed to n=5 for a pentagon, giving us (5-2) x 180 degrees = 540 degrees. Consequently, a pentagon's internal angles add up to 540 degrees.

The sum of the interior angles of a pentagon can also be computed by dividing it by the number of sides, and the result can then be subtracted from 180 degrees to determine each inner angle. So, a pentagon's internal angles are each (540/5)-180 degrees, or 108 degrees.

In conclusion, a pentagon's interior angles add up to 540 degrees, and each interior angle is 108 degrees. In order to solve mathematical problems involving polygons, it can be helpful to comprehend the formulas used to calculate these numbers.

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Write the equation of the line that passes through the points (0,6) and (-6,6). Put your answer in fully simplified point-slope form, unless it is a vertical or horizontal line.

Answers

An equation of the line that passes through the points (0, 6) and (-6, 6) is y = 6.

How to determine an equation of this line?

In Mathematics and Geometry, the point-slope form of a straight line can be calculated by using the following mathematical equation (formula):

y - y₁ = m(x - x₁)

Where:

m represent the slope.x and y represent the points.

First of all, we would determine the slope of this line;

Slope (m) = (y₂ - y₁)/(x₂ - x₁)

Slope (m) = (6 - 6)/(-6 - 0)

Slope (m) = 0/-6

Slope (m) = 0.

At data point (0, 6) and a slope of 0, a linear equation in slope-intercept form for this line can be calculated by using the point-slope form as follows:

y - y₁ = m(x - x₁)

y - 6 = 0(x - 0)

y - 6 = 0

y = 6

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URGENT PLEASE HELP !!!

Answers

The correlation coefficient for the data-set in this problem is given as follows:

r = 0.75.

How to obtain the correlation coefficient?

To obtain the correlation coefficient of the data-set in this problem, we must insert the points of the data-set into a correlation coefficient calculator.

From the table, the points of the data-set are given as follows:

(0, 5.9), (0.8, 8.6), (1.3, 15.5), (1.6, 17.3), (13.3, 21.5).

Inserting these points into a calculator, the correlation coefficient is given as follows:

r = 0.75.

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Jane is painting her garden fence whose area is 46 m². A tin contains half a litre of paint. The instructions say 1 litre of paint will cover 12 m². 11 (a) How many tins does Jane need to buy? ​

Answers

The number of tins that Jane needs to buy is 8.

What is the area of a figure?

The area of a given figure is the space that the shape will cover when considered in a 2 dimensional plane. To determine the area of a figure, the type and parts of the figure are to be considered.

Given that the area of the garden fence = 46 m^2

Then, 1 liter of paint will cover 12 m^2. So that;

number of liters required = 46/ 12

                                          = 3.83

Since a tin contains half a liter of paint, then;

the number of tins that Jane needs = 2*3.83

                                                           = 7.66

Jane has to buy 8 tins to paint the garden fence.

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The number of tins that Jane needs to buy is 8.

What is the area of a figure?

The area of a given figure is the space that the shape will cover when considered in a 2 dimensional plane. To determine the area of a figure, the type and parts of the figure are to be considered.

Given that the area of the garden fence = 46 m^2

Then, 1 liter of paint will cover 12 m^2. So that;

number of liters required = 46/ 12

                                          = 3.83

Since a tin contains half a liter of paint, then;

the number of tins that Jane needs = 2*3.83

                                                           = 7.66

Jane has to buy 8 tins to paint the garden fence.

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Select the statement that is not true.

A. The translation of a line is a pair
of parallel lines.

B. The rotation of a pair of parallel lines is a pair of parallel lines.

C. The reflection of a line is a line.

D. The rotation of a line is a line.

Answers



Answer: B. The rotation of a pair of parallel lines is a pair of parallel lines.

Explanation: A translation of a line is a displacement of the line, or a transformation which moves all points of the line, without changing its shape or orientation. This means that a pair of parallel lines will remain parallel after a translation.

A rotation of a line is a transformation in which all points of the line are rotated around a pivot point, and the line will change its orientation.

A reflection of a line is a transformation in which all points of the line are reflected across a single axis. This means that a line will remain a line after a reflection.

Therefore, the statement that is not true is B. The rotation of a pair of parallel lines is a pair of parallel lines.

Janeesa lives 247.5 miles away from her grandmother, and the speed limit on that stretch of
highway is 55 miles per hour. Today, she only has 4 hours to get to her grandmother's birthday
lunch on time!
How much faster over the speed limit does Janeesa need to drive to make it on time? Round to the
tenths place if your answer isn't a whole number.
mph.

Answers

To find out how fast Janeesa needs to drive to make it on time, we can use the formula:

distance = rate x time

In this case, the distance is 247.5 miles, the time is 4 hours, and the rate is what we're trying to find. Rearranging the formula to solve for rate, we get:

rate = distance / time

Plugging in the values we know, we get:

rate = 247.5 / 4 = 61.875

So Janeesa needs to travel at an average speed of 61.875 miles per hour to make it to her grandmother's birthday lunch on time. Since the speed limit is 55 miles per hour, she would need to drive 6.875 miles per hour faster than the speed limit. Rounding to the tenths place, that's about 6.9 miles per hour over the speed limit. However, it's important to remember that speeding is dangerous and can result in serious accidents. It's always better to leave earlier and plan ahead to avoid the need to speed.

Janeesa needs to drive about 6.9 mph faster than the speed limit to make it on time.

What is the  speed limit

To find out how fast Janeesa needs to drive to make it on time, one can use the formula:

distance = rate x time

In this case, the distance is 247.5 miles, the time is 4 hours, and the rate is what we're trying to find. Rearranging the formula to solve for rate, we get:

rate = distance / time

Plugging in the values we know, we get:

rate = 247.5 / 4 = 61.875

To know how much faster Janeesa needs to drive, one has to subtract the speed limit from the required speed:

Speed Difference = Required Speed - Speed Limit

= 61.875 mph - 55 mph

 = 6.875 mph

Therefore, Janeesa needs to drive approximately 6.9 mph faster than the speed limit to make it on time.

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solve for x input numerical value only!! solve asap!!! for brainlist

Answers

The value of x in the rectangle is,

⇒ x = 6

We have to given that;

Corresponding angles are,

⇒ (8x + 19)° and (21x - 13)°

Hence, We can say that;

⇒ (8x + 19)° + (21x - 13)° = 180°

⇒ 29x + 6 = 180

⇒ 29x = 174

⇒ x = 174/29

⇒ x = 6

Thus, The value of x in the rectangle is,

⇒ x = 6

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Estimate, correct to three decimal places, all the zeros of the following polynomials. (Enter your answers as comma-separated lists.)

(a) P(x) = 4x³5x² - 2x + 1
X=

(b) P(x) = 5x³+x² - 7x-2
X=

(c) P(x) = 2x³-6x² - 5x + 4
X=

(d) P(x)=x² - 4x³ + 5x - 1
X=

Answers

(a) P(x) = 4x³ + 5x² - 2x + 1
The zeros of P(x) are approximately -1.160, -0.086, and 0.246.

(b) P(x) = 5x³ + x² - 7x - 2
The zeros of P(x) are approximately -1.518, -0.471, and 0.660.

(c) P(x) = 2x³ - 6x² - 5x + 4
The zeros of P(x) are approximately -1.343, 0.515, and 1.828.

(d) P(x) = x² - 4x³ + 5x - 1
The zeros of P(x) are approximately -0.408 and 1.225.

Si lanzas una moneda 16 veces, ¿cuál es la mejor predicción posible para el número de veces que caerá cruz?

Answers

Si lanzas una moneda 16 veces, la mejor predicción posible para el número de veces que caerá cruz es 8. Esto se debe a que la probabilidad de que la moneda caiga cara o cruz en cada lanzamiento es la misma (50/50), y en promedio se espera que caiga cruz la mitad de las veces. Por lo tanto, la mejor predicción posible para el número de veces que caerá cruz es la mitad de 16, que es 8. Sin embargo, como se trata de un evento aleatorio, siempre existe la posibilidad de que el resultado real sea diferente de la predicción.
La mejor predicción posible para el número de veces que caerá cruz al lanzar una moneda 16 veces es 8. Esto se debe a que, en promedio, una moneda tiene la misma probabilidad de caer cara o cruz en cada lanzamiento, y 8 es la mitad de 16. Sin embargo, es importante tener en cuenta que esto es solo una predicción y que la realidad puede ser diferente debido a la aleatoriedad del proceso.

The population in North Dakota in 2012 is 0.7 million people. North Dakota has a yearly population growth of 0.028 million people. The population of South Dakota in 2012 is 0.83 million people. South Dakota has a yearly population growth of 0.0195 million people. Enter the minimum number of years it will take the population of North Dakota to equal the population of South Dakota given the current rates of growth. Round your answer to the nearest tenth of a year.​

Answers

Based on an equation, the minimum number of years it will take the population of North Dakota to equal the population of South Dakota given the current rates of growth is 15.3 years.

What is an equation?

An equation describes the equality or equivalence of two or more mathematical expressions.

Equations use the equal symbol (=), while mathematical expressions combine variables with numbers, constants, values, and mathematical operands.

The population of North Dakota in 2012 = 0.7 million

The yearly population growth rate = 0.028 million

The population of South Dakota in 2012 = 0.83 million

The annual population growth rate = 0.0195 million

Let the number of years for the populations to equal = x

Equation:

0.7 + 0.028x = 0.83 + 0.0195x

0.0085x = 0.13

x = 15.3 years

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What are the values of w and x?

Answers

The angle measures of w and x are given as follows:

w = 51º.x = 78º.

How to obtain the angle measures?

In this problem we have an isosceles triangle, meaning that two of the side lengths, along with two of the angle measures, are congruent.

The congruent side lengths are given as follows:

SR and RQ.

Hence the congruent angle measures are given as follows:

w -> opposite to SR.51º -> opposite to RT.

Hence angle w is given as follows:

w = 51º.

The sum of the measures of the internal angles of a triangle is of 180º, hence the measure of angle x is given as follows:

x + 2 x 51 = 180

x = 180 - 102

x = 78º.

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Help plsssssssssssssssssssssssssssss

Answers

Answer:

180 square inches

5 x 6 = 32.5

32.5 x 4 = 130

5 x 5 = 25

25 x 2 = 50

130 + 50 = 180

Step-by-step explanation:

first find the area of all the sides (length times width)

width = 5

length = 6.5

5 x 6.5 = 32.5

32.5 is the area for one side. there are 4 others identical to it

32.5 (one side) x 4 (the amount of sides identical) = 130

then you need to find the area for the bottom/top side

5 = length

5= width

5(L) x 5(W) = 25

25 is the area for the bottom. the top is identical to it

25(bottom side) x 2 (the amount of sides identical)

now add all of the sides up

130 + 50 = 180

Which graph represents the inequality y is greater than or equal to (x+2)^2?

Answers

The graph of the inequality y ≥ (x+2)^2 is added as an attachment

How to determine the graph of the inequality

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

y is greater than or equal to (x+2)^2

Express the statement properly

So, we have

y ≥ (x+2)^2

The above expression is a an inequality of a quadratic function

Next, we plot the graph using a graphing tool

To plot the graph, we enter the expression in a graphing tool and attach the display

See attachment for the graph

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• What is the cost price of a bag if it was sold for Rs 500 at a loss of 5%? ​

Answers

Answer:

526.32

Step-by-step explanation:

Let's assume that the cost price of the bag is "C".

Selling Price = Cost Price - Loss

We get:

500 = C - 0.05C

500 = 0.95C

C = 500/0.95

C ≈ 526.32

Therefore, the cost price of the bag was approximately Rs 526.32.

Simplify
Write your answer with positive exponents only.

Answers

The simplified exponential expression for this problem is given as follows:

xy^7/z^(14).

How to simplify the exponential expression?

The first step in simplifying the exponential expression is applying the power of power rule at the numerator, as follows:

(y² x z^-5)² = y^4z^(-10).

(for the power of power rule, we keep the bases and add the exponents).

When two terms with the same base and different exponents are divided, we keep the base and subtract the exponents, hence the exponents are given as follows:

x: -1 - (-2) = -1 + 2 = 1.y = 4 - (-3) = 7.z = -10 - 4 = -14.

The negative exponent means that the number appears in the denominator, hence the simplified expression is given as follows:

xy^7/z^(14).

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The simplified exponential expression for this problem is given as follows:

xy^7/z^(14).

How to simplify the exponential expression?

The first step in simplifying the exponential expression is applying the power of power rule at the numerator, as follows:

(y² x z^-5)² = y^4z^(-10).

(for the power of power rule, we keep the bases and add the exponents).

When two terms with the same base and different exponents are divided, we keep the base and subtract the exponents, hence the exponents are given as follows:

x: -1 - (-2) = -1 + 2 = 1.y = 4 - (-3) = 7.z = -10 - 4 = -14.

The negative exponent means that the number appears in the denominator, hence the simplified expression is given as follows:

xy^7/z^(14).

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HELP PLSZZZZSZZZZZZZZZZ need asap

Answers

Answer: [tex]\frac{8}{15}[/tex]

Step-by-step explanation: In total, Patty placed 45 slips of paper in a bag(10+9+8+7+6+5). Out of those 45 slips of paper, only 24 had even numbers on them(10+8+6), resulting in the fraction [tex]\frac{24}{45}[/tex]. If you divide both 24 and 45 by 3, the fraction can be simplified to [tex]\frac{8}{15}[/tex].

In the diagram, m∠1=45° and m∠3=57.5°.

What is m∠4?

Enter your answer as a decimal in the box.

Answers

Check the picture below.

PLEASE HELP WILL GIVE BRAINLEST FOR CORRECT ANSWER ONLY !!

Answers

Answer:

Option A is the correct choice that shows a function.

Step-by-step explanation:

What is a function?

A function is when there are no repeating "x" values.

For example:

These set of points: {(1,1), (1,2), (1,3), (1,4)} does not  show a function because there is repeating "x" values.

Option A shows that the points {(4,5), (5,5), (6,1), (8,2) is a function because there is no repeating "x" values.

Answer is option A is a function

Explanation

A function from x to y will have one output (y) for every input (x)

✅ Option A has one output for each input

❌ Option B - input of 4 has output of 0 and 5 so it is not a function

❌ Option C - input of 2 has output of 3 and 6 so it is not a function

❌ Option D - input of 5 has output of 2 and 7 so it is not a function

See attachment

Article lll of the constitution gives congress the power to create a system of federal courts , other than the Supreme Court known as

Answers

The framers of the Constitution believed that as the country grew, more courts would be needed to meet its needs.

Explanation :

The statement that best explains that Article III of the constitution gives congress the ability to create lower courts inferior to the supreme court from "time to time" is that the framers of the Constitution believed that as the country grew, more courts would be needed to meet its needs.

As there will be more framers of the constitution which gave them as a  congress the power to create lower courts as they wanted that the congress should have authority over the courts and to control them.

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complete question:

Which statement best explains why Article lll of the constitution gives Congress the ability to create lower courts inferior to the Supreme Court “from time to time”?

Marcus and Tony work for Lombardo's Pipe and Concrete. Mr. Lombardo is preparing an estimate for a customer. He knows that Marcus lays a slab of concrete in 9 hours. Tony lays the same size slab in 3 hours. If both work on the job and the cost of labor is $48.00 per hour, decide what the labor estimate should be.​

Answers

If both Tony and Marcus work on the job and the cost of labor is $48.00 per hour then labor estimate for the job is $576.00.

Marcus: 1 slab / 9 hours = 1/9 slab per hour

Tony: 1 slab / 3 hours = 1/3 slab per hour

The total amount of work they can do in one hour is the sum of their individual rates:

Marcus and Tony: 1/9 + 1/3 = 4/9 slab per hour

So together, Marcus and Tony can lay 4/9 of a slab per hour.

time = work / rate

time = 1 / (4/9) = 2.25 hours

total labor cost = hours worked x cost per hour

The total number of hours worked is the sum of the hours worked by Marcus and Tony:

total hours worked = 9 hours + 3 hours = 12 hours

The cost per hour is $48.00, so the labor estimate for the job is:

total labor cost = 12 hours x $48.00/hour

= $576.00

Therefore, the labor estimate for the job is $576.00.

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