Ben sold his small online business for $100,000. The purchaser will pay him $20,000 today, then $20,000 every year for the next four years. Assume that Ben could invest a lump-sum payment today in an account yielding an interest rate of 4% annually. Find the total present value of all five payments.

A.
$87,096
B.
$88,384
C.
$92,598
D.
$93,964

Answers

Answer 1

Answer:

c.92,598

Step-by-step explanation:

20000 + 20000/1.04 + 20000/(1.04^2) + 20000/(1.04^3) + 20000/(1.04^4)

= 20000 + 19230.77 + 18491.12 + 17779.73 + 17096.08

= 92597.7

= 92,598


Related Questions

What are the coordinates of Point P?

Answers

Answer:

(-1.5, 0.5)

Step-by-step explanation:

x = -1.5

y = 0.5

(-1.5, 0.5)

Can I get help with this?

Answers

9514 1404 393

Answer:

  y +3 = 1/5x

Step-by-step explanation:

The point-slope form of the equation of a line with slope m through point (h, k) is ...

  y -k = m(x -h)

You have y-intercept point (0, -3) and slope -1/5, so the equation is ...

  y -(-3) = -1/5(x -0)

  y +3 = -1/5x

Could I get help with this? Thank you

Answers

Answer:

Equation: [tex]y=-\frac{5}{4} x[/tex]

Slope: [tex]-\frac{5}{4}[/tex]

Point: [tex](-4,5)[/tex]

Step-by-step explanation:

To find the slope, you need two points [tex](-4,5)[/tex] and [tex](0,0)[/tex].

Then use the Slope Formula to Identify the slope.

M = Slope

M = [tex]\frac{y2-y1}{x2-x1}[/tex]         Second y being subtracted by the first y / the second x being subtracted by the first x.

M = [tex]\frac{0-5}{0--4}[/tex]          Plot the x and y values (In order) Then subtract

M = [tex]\frac{-5}{4}[/tex]             Move the negative sign

M = [tex]-\frac{5}{4}[/tex]

Slope = [tex]-\frac{5}{4}[/tex]

Then the Equation has to be written in Slope-Intercept Form (y=mx+b)

y = [tex]-\frac{5}{4} x[/tex]

A plumber and his assistant work together to replace the pipes in an old house. The plumber charges $30 an hour for his own labor and $20 an hour for his assistant's labor. The plumber works twice as long as his assistant on this job, and the labor charge on the final bill is $2000. How long did the plumber and his assistant work on this job

Answers

Answer:

The plumber worked 50 hours, and his assistant worked 25 hours.

Step-by-step explanation:

Since a plumber and his assistant work together to replace the pipes in an old house, and the plumber charges $ 30 an hour for his own labor and $ 20 an hour for his assistant's labor, and the plumber works twice as long as his assistant on this job, and the labor charge on the final bill is $ 2000, to determine how long did the plumber and his assistant work on this job the following calculation must be performed:

40 x 30 + 20 x 20 = 1200 + 400 = 1600

50 x 30 + 25 x 20 = 1500 + 500 = 2000

Therefore, the plumber worked 50 hours, and his assistant worked 25 hours.

Use the method of disk or washer to set up, but do not evaluate, an integral for a volume of the solid obtained by rotating the region bounded by the given curves about the given line.

y=√x and y=x and y=1

Answers

Answer:

V =  π /2   volume units

Step-by-step explanation:

Volume of    y = √x   bounded by  y = x   and y = 1

y = √x

limits of integration   ( see Annex )

By simple inspection limits of integration are   x = 0    to  x = 1

or  y = √x     and    y = x

solving these two equations

x = 0    y = 0       x = 1      y = ± 1

V = ∫ π*f(x)²*dx    

V  =  π * ∫₀¹ x*dx   =    π * x²/2 |₀¹

V =   π * (1/2) - 0

V =  π /2   volume units

Help and explain please and thanyouu

Answers

Answer:

f(-3.2) = - 7.2

Step-by-step explanation:

f(x) = [x] - 4

f(-3.2) will be ;

Here, we put - 3.2 in place of x as the question is interpreted as the value of f(x) when x = - 3.2

Therefore, we have ;

f(-3.2) = - 3.2 - 4

f(-3.2) = - 7.2

Steven had 1200 East spend 40% of it how much money did he spend ​

Answers

Answer:

steven spend 480

Step-by-step explanation:

The dean of a major university claims that the mean number of hours students study at her University (per day) is at most 4.9 hours. If a hypothesis test is performed, how should you interpret a decision that rejects the null hypothesis

Answers

Answer:

If the null hypothesis is rejected, the interpreatation is that there is significant evidence at the desired significance level to conclude that the mean time the students study at her university is of more than 4.9 hours.

Step-by-step explanation:

The dean of a major university claims that the mean number of hours students study at her University (per day) is at most 4.9 hours.

At the null hypothesis, we test if the mean is of at most 4.9 hours, that is:

[tex]H_0: \mu \leq 4.9[/tex]

At the alternative hypothesis, we test if the mean is more than 4.9 hours, that is:

[tex]H_1: \mu > 4.9[/tex]

Accepting the null hypothesis:

If the null hypothesis is accepted, the interpretation is that there is not significant evidence to conclude that the mean time the students study at her university is of more than 4.9 hours.

Rejecting the null hypothesis:

As is the case in this question, if the null hypothesis is rejected, the interpreatation is that there is significant evidence at the desired significance level to conclude that the mean time the students study at her university is of more than 4.9 hours.

A married couple filing jointly with a taxable income of $240,000 and a $7000 tax credit. The tax owed is?

Answers

Answer:

247000 ?

Step-by-step explanation:

If I understand this right then that should be the answer. I added 240000 and 7000

The difference between the measures of two complementary angles is 56 determine the measures of the two angles. The larger angle has a measure of? And the smaller angle has a measure of?

Answers

Answer:

Larger angle= 73, smaller angle= 17

Step-by-step explanation:

I wrote an equation, and x is the measure of one of the angles

90=2x-56

90+56=2x-56+56

146=2x

73=x

One of the angles is 73, so subtract 53 from 73 to find the second angle. 73+56=17

You can make sure it adds up to a complementary angle by seeing if 17+73=90

What is the volume of the shape in the picture?

Answers

Answer:

455

Explain your answer:

An actuary was analyzing the loss experienced by flooding on houses and concluded that it was uniformly distributed on [0, 1000]. After taking another look at the data, he realized the loss amounts used were in real dollars. He then determined that the inflation rate was at 6.5%. Assume that the rest of his analysis still holds true. Calculate the probability that the loss in nominal dollars is less than 1000, given that the loss in nominal dollars is greater than 200.

Answers

Answer:

100%  probability that the loss in nominal dollars is less than 1000, given that the loss in nominal dollars is greater than 200.

Step-by-step explanation:

Uniform probability distribution:

An uniform distribution has two bounds, a and b.

The probability of finding a value of at lower than x is:

[tex]P(X < x) = \frac{x - a}{b - a}[/tex]

The probability of finding a value between c and d is:

[tex]P(c \leq X \leq d) = \frac{d - c}{b - a}[/tex]

The probability of finding a value above x is:

[tex]P(X > x) = \frac{b - x}{b - a}[/tex]

Uniformly distributed on [0, 1000].

This means that [tex]a = 0, b = 1000[/tex]

Given that the loss in nominal dollars is greater than 200.

This means that [tex]a = 200[/tex]

Calculate the probability that the loss in nominal dollars is less than 1000

[tex]P(X < x) = \frac{x - a}{b - a}[/tex]

[tex]P(X < 1000) = \frac{1000 - 200}{1000 - 200} = 1[/tex]

100%  probability that the loss in nominal dollars is less than 1000, given that the loss in nominal dollars is greater than 200.

A high school currently has a 30% dropout rate. They’ve been tasked to decrease that
rate by 20%. Find the equivalent percentage point drop.

Answers

I really don't know but I guess 59

tank contains 250 liters of fluid in which 20 grams of salt is dissolved. Pure water is then pumped into the tank at a rate of 5 L/min; the well-mixed solution is pumped out at the same rate. Find the number A(t) of grams of salt in the tank at time t.

Answers

Solution :

Given data :

[tex]c_{in}[/tex] = 1 g/L

[tex]r_{in}[/tex] = 5 L/min

[tex]r_{out}[/tex] = 5 L/min

[tex]$v_0$[/tex] = 250 L

[tex]A_0[/tex] = 20 g

∴ [tex]r_{net} = r_{in}- r_{out}[/tex]

         = 5 - 5

          = 0

[tex]c_{out} = \frac{A}{250} \ g/L[/tex]

Now, [tex]\frac{dA}{dt}=(r_{in} \times c_{in}) - (r_{out} \times c_{out})[/tex]

[tex]$\frac{dA}{dt} = 5-5\left(\frac{A}{250}\right)$[/tex]

[tex]\frac{dA}{dt}+5 \left(\frac{A}{250}\right) = 5[/tex]

[tex]\frac{dA}{dt}+5 \left(\frac{A}{250}\right) = 5 \text{ with} \ A_0 = 20[/tex]

Integrating factor = exp(5 t/250)

Therefore,

[tex]A \times \exp (5t \ /250) = \text{integral of}\ 5 \times \exp (5t / 250) + C[/tex]

Put [tex]A_0=250+C[/tex]

C = -230

[tex]A \times \exp(5t/250) = 250 \exp(5t/250) + (-230)[/tex]

[tex]A(t) = 250-230 \exp(-5t/250)[/tex]

[tex]A(t) = 250-230e^{\left(\frac{-t}{50}\right)} \ g[/tex]

what is the equation of the line that has a gradient of 3 and passes through the point (-1,3)

Answers

Answer:

d

Step-by-step explanation:

Explain why the triangles are similar and write a similarity statement.

Answers

Answer:

The triangles are congruent, because;

Angle H and K are Opposite Side Interior Angles which are congruent,

Angle GJH and LJK are vertical angles which an be said to be congruent

Therefore;

Triangles that have 2 or more vertices congruent are said to be congruent.

Hope this helps!

Assume that when adults with smartphones are randomly​ selected, 54​% use them in meetings or classes. If 5 adult smartphone users are randomly​ selected, find the probability that exactly 3 of them use their smartphones in meetings or classes.

Answers

Answer:

Es el 60%

Step-by-step explanation:

3 Alex is the manager of a hospital canteen.
He reviews the meals the patients choose.
On Monday there were 240 patients in total.
1/3 of these patients chose pasta.
3/8 of these patients chose beef stew. The other patients chose chicken.

How many patients chose chicken on Monday?​

Answers

70

Steps
1/3 +3/8= 17/24
24-17/24=7/24
7/24(240) ( 24 cancels 24,given you 1and 7 is multiplied by the 10 the answer is 70)

The number of patients chose chicken on Monday is 90.

What is the fraction?

In Mathematics, fractions are represented as a numerical value, which defines a part of a whole. A fraction can be a portion or section of any quantity out of a whole, where the whole can be any number, a specific value, or a thing.

Given that, there were 240 patients in total.

1/3 of these patients chose pasta.

Number of patients chose pasta

= 1/3 ×240

= 60

3/8 of these patients chose beef stew.

Number of patients chose beef stew

= 3/8 ×240

= 90

Number of patients chose chicken

= 240-(60+90)

= 240-150

= 90

Therefore, the number of patients chose chicken on Monday is 90.

To learn more about the fraction visit:

brainly.com/question/1301963.

#SPJ2

A stamp gets more expensive each year. It increases in value by 60 % each year. Wha
is the growth FACTOR?

Answers

9514 1404 393

Answer:

 1.60

Step-by-step explanation:

The growth factor is 1 more than the growth rate:

  1 + 60% = 1 + 0.60 = 1.60 = growth factor

I’ll mark brainliest

Answers

Answer:

A.) y = -7/4x - 7

Step-by-step explanation:

The line's slope is -7/4 and its y-intercept is located at the point (0, -7).

You can use a graph app or website where you can type in the equation then it will draw it for you.

My wife and I are Racing around a 400m track going opposite directions. I am running at 8 m/s and she has a head start of 50 meters running at 5 m/s, how long does it take for us to reach the same point ? Explain.

Answers

Answer:

They both meet after 27 s.

Step-by-step explanation:

Length of track = 400 m

speed of man, v = 8 m/s

speed of woman, v' = 5 m/s

Woman is 50 m ahead of man.

Let the time taken to meet is t.

Let the man covered a distance d in time t o the woman covered a distance 400 - 50- d.

[tex]\frac{d}{8}=\frac{400-50-d}{5}\\\\5 d = 8 (350-d)\\\\13 d = 2800\\\\d = 215.4 m[/tex]

The time taken is

[tex]t=\frac{215.4}8}\\\\\\t=27 s[/tex]

Will mark Brainlest help plsssss​

Answers

Answer:

Step-by-step explanation:

f(0) = [tex]0^{3} +1=1[/tex]

f(-2)= [tex](-2)^{3} +1=-7[/tex]

f(x+1) = [tex](x+1)^{3} +1=x^{3} +3x^{2} +3x+2[/tex]

PLS HELP ASAP !!! PLSSSSSSS

Answers

Answer:

Here is the answer

Step-by-step explanation:

Does the answer help for you?

The retail cost of a TV is 50 ​% more than its wholesale cost.​ Therefore, the retail cost is​ ____ times the wholesale cost.

Answers

Answer:

Let the retail cost be x and the wholesale cost be y

Step-by-step explanation:

x = y + 0.50y

x = 1.50y

Therefore the retail cost is 1.50 times the wholesale cost.

The temperature today will be at most 50°F. Write Inequality

Answers

Let h be high temperature for today.

We are told that today high temperature will be at least 50 degrees. This means the high temperature will be greater than or equal to 50 degrees.

Let us represent this information by our inequality.

Therefore, our desired inequality will be .  

h [tex]\geq[/tex] 50 degrees

Determine if the data of described below is quantitative or qualitative. Explain. Voltage measurements from your home​

Answers

Answer: This data is quantitative data because the measurement of voltage deals with numerical values.

3,-30,300,-3000 is it geometric or not geometric if so whats the common ratio r=?

Answers

Step-by-step explanation:

everything can be found in the picture

Leigh plans to estimate the area of the figure on the grid by identifying the full and partial squares that make up the figure.

Answers

Just count out the square from each part if u do that correctly then u add all of them so the answer will be the third one

Sorry for the blurry picture anyone can help?? That’ll be nice

Answers

Answer:

Option 2

Step-by-step explanation:

Since both triangles are similar, that means that the larger triangle's sides are greater than the smaller triangle's sides by a factor. We can see that 10 corresponds to x, so in the proportion 10 and x must be on the same side. That rules out option one and three. Now, we see that 7 corresponds to 14 and 6 corresponds with 12, so the other side must have 6 and 12 on the same side or 7 and 14 on the same side. We see that the only option that satisfies this criteria is Option 2.

Answer:

Option 2 - [tex]\frac{10}{x} =\frac{7}{14}[/tex]

Step-by-step explanation:

So, lets just look at the two traingles, find the difference, then see if the graphs will give us the same difference.

So lets see.

One side of triangle ABC is 6. The same side of triangle DEF is 12.

Another side of triangle ABC is 7. THe same side of trinalge DEF is 14.

The final side of trinalge ABC is 10. The same side of triangle DEF is x.

We only need to compare a single side of these to find the difference:

12/6=2

14/7=2

This is very simple.

However, lets shift this into what they wrote.

So we know that the difference between each side is 2.

ALL sides are like this.

We know that both 12/6 and 14/7 equal the same thing, so tecnically, they are equal:

12/6=14/7

This is the same with 10/x as well.

So:

10/x=14/7

10/x=12/6

So we know that the difference from ABC to DEF is 2. But the difference from DEF to ABC is the opposite, 1/2.

Knowing this:

x/10=6/12 is the same thing as 10/x=12/6. And x/10=7/14 is the same thing as 10/x=14/7

So our answers can also be:

x/10=7/14

x/10=6/12

This looks like option 2.

Hope this helps!

In the graphing tool, move the sliders for y=k(square root of x) and y= (square root of kx). Find a value of k where the graphs coincide. At what value of k does this occur? What happens to each of the equations when k is negative?

Answers

1+1+1+1+1++1+1++1+1+1+1+1+1+1

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