To receive monthly payments of $1500 for 20 years, how much would a person have to invest now in an annuity with an annual interest rate of 3.1% to achieve this goal? Round the answer to the nearest dollar.

Answers

Answer 1

Given the possibility of an investment with an annual interest rate of 3.1 %, the person must deposit $ 580645.16 to receive monthly payments of $ 1500 for 20 years.

How to determine the require investment to receive a desired monthly payment

According to this question, the person have decided to invest money to receive a monthly payment, meaning no savings and the adequacy of using the simple interest formula:

g = C · (r/100)     (1)

Where:

C - Invested money, in monetary units.r - Monthly interest rate, in percentage.g - Monthly payment, in monetary units.

If we know that g = 1500 and r = 3.1/12, then the invested money must be:

C = 100 · g/r

C = 100 · [1500/(3.1/12)]

C = 580645.16

Given the possibility of an investment with an annual interest rate of 3.1 %, the person must deposit $ 580645.16 to receive monthly payments of $ 1500 for 20 years.

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Related Questions

A person invests 1000 dollars in a bank. The bank pays 6.75% interest compounded monthly. To the nearest tenth of a year, how long must the person leave the money in the bank until it reaches 2500 dollars?

Answers

Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. The time for which the person must leave the money in the bank until it reaches $2500 is 1.2.

What is compound interest?

Interest on interest, or compound interest, is the adding of interest to the principal sum of a loan or deposit. It's the outcome of reinvesting interest rather than paying it out so that interest is received on the principal plus previously collected interest in the next quarter.,

[tex]A = P(1+ \dfrac{r}{n})^{nt}[/tex]

where A is the final amount

P is the principal amount

r is the rate of interest

n is the number of times interest is charged in a year

t is the number of years

The principal amount is 1000 dollars, while the rate of interest is 6.75% which is compounded monthly. Therefore, the time it will need for the account to reach $2500 is,

2500 = 1000[1+(0.0675/12)¹²ˣⁿ

2.5 = (1.0675)¹²ⁿ

log(2.5)\ log(1.0675) = 12n

14.0278 = 12n

n = 1.1689 ≈ 1.2

Hence, the time for which the person must leave the money in the bank until it reaches $2500 is 1.2.

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Answer: 13.6 years

Step-by-step explanation: Dealta Math Answer

If a 6-foot-tall baby giraffe casts a 4- foot-long shadow, then how tall is an adult giraffe that casts a 10-foot shadow?​

Answers

Answer:

8- foot shadow? i am not sure

Answer:

i believe its 12 feet!

Step-by-step explanation:

assuming that the difference from the 6 foot giraffe with a four foot shadow is two feet, the 10 foot shadow would be two feet less then the giraffes height.

the spec sheet for the actual 1968 corvette shows the front frame dimension to be 32.875 inches. what would this measurement be, in both fractional and decimal form, on the hot wheels 1:64 model? which form of the measurement would be easier to work with?

Answers

Answer:

  0.513671875 = 263/512 inches

  easier to use: depends on the measurement tool

Step-by-step explanation:

The model dimension is found by multiplying the actual dimension by the scale factor.

__

model dimension

  model frame dimension = actual frame dimension × 1/64

  = (32.875 inches)/64 = 0.513671875 inches

In fractional form, this is ...

  (32 7/8) / 64 = (263/8) / 64 = 263/512 . . . inches

__

ease of use

It is unlikely that a casual hobbyist will have access to tools that measure with a resolution finer than 0.0001 inches. More common would be a measurement resolution of 0.001 inches. Using such tools, the rounded decimal value 0.5137 or 0.514 inches would be more useful than the fractional measurement.

It is possible that an optical measuring device could be available that would present its result as a fraction of an inch. If such a tool were used, the fractional measurement value would provide an appropriate point of comparison.

In short, the measurement easiest to work with depends on the tool being used to make the measurement.

Una camioneta transportaba 3/4 de tonelada de arena para entregar a diferentes clientes. Si al primer cliente le dejo 1/3 de la carga que fracción de toneladas quedo en la camioneta

Answers

Si, it should be number 8

if x+7y=16 and 3x-7y=4 what is the value of x​

Answers

Answer:

[tex]x=5\\[/tex]

Step-by-step explanation:

First, put your equations into a system.

[tex]\left \{ {{x+7y=16} \atop {3x-7y=4}} \right.[/tex]

Next, use the method of elimination to solve the system. Elimination is when either x or y has an opposite coefficient (so in this case y has a coefficient of 7 or -7 depending on the equation). You can then add the equations, and y is eliminated as a variable. Now you can solve for x.

[tex]4x=20[/tex]

Lastly, divide by 4 on both sides to get x by itself.

[tex]x=5\\[/tex]

Mary throws a plastic disc to her friend. Her friend
catches the disc six seconds after Mary throws it. The
table shows the height of the disc at one-second
intervals.
Time (seconds)
Height (feet)
0
3
1
A
2
6
3
7
6
4
B
4
5
6
Mark this and return
Assuming that the throw represents projectile motion,
what are the missing values in the table?
O A = 5, B = 3
O A=4, B=0
O A=4, B = 3
O A = 5, B = 0
Submit
Next

Answers

By assuming that the motion of the plastic disc thrown by Mary is a projectile motion, the missing values are 4 and 3 respectively.

How to determine the missing height?

Since we're assuming that the motion of the plastic disc thrown by Mary is a projectile motion, it simply means that the motion can be represented by a quadratic function (parabolic).

For a projectile motion, the height of the disc at the time when it's at the top would be the same (equal). Thus, we can logically deduce that:

Height at time (t = 1 seconds) = Height at time (t = 5 seconds)

4 = A.

Similarly, Height at time (t = 0 seconds) = Height at time (t = 6 seconds)

3 = B.

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Which one of these functions is a quadratic function?
OA Rx) = x-3x+1
OB. f(x)=3*
OC. f(x)=x²³
OD. f(x) = log(x+7)

Answers

Answer:

x^2 -3x+1

it is your answer

The function x² - 3x + 1 represents a quadratic function.

A quadratic function is a function of the form f(x) = ax² + bx + c, where a, b, and c are constants.

In option A, we have f(x) = x² - 3x + 1, which fits the form of a quadratic function with coefficients a = 1, b = -3, and c = 1.

In option B, the function is Exponential.

In option C, the function is Exponential.

In option D, the function is logarithm.

Therefore, x² - 3x + 1 represents a quadratic function.

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Solve the inequality |a + 3| > 14

Answers

Answer:

a∈(-∝;-17)∩(11;+∝).

Step-by-step explanation:

|a+3|>14; ⇔ 14<a+3<-14; ⇔ 11<a<-17;

Use the commutative property of addition to write an expression equivalent to the following.
5a + b
The answer is

Answers

Answer:  b+5a

Explanation:

The commutative property of addition is where we can add two numbers in any order.

The general equation is x+y = y+x

A more concrete example would be something like 2+3 = 3+2 since both sides simplify to 5.

For 5a+b, it is the same as b+5a. We swap the two terms.

To best show a possible linear trend in a scatter plot, draw a _________________.
A. regressive line
B. line of best fit
C. vertical line
D. horizontal line\

Answers

Answer:

b. line of best fit

The CEO of a company wants to determine if taking the employees to a company retreat would boost their morale. He decides to use a random number table to survey a simple random sample of 50 of the 250 employees. Which of the following correctly labels the population of employees?

000-250
001-250
0-250
1-250

Answers

Answer:

1-250 i think

Answer: B

Step-by-step explanation:

trust me bro

EASY POINTS
Which of the following exponential functions represents the graph below?

Answers

Answer: It's B.

Step-by-step explanation: It can't be A or D. The y-intercept is 2, not 4 so it is B.

If 0 lies in the quadrant IV. What can be the value of cos 0 ?​

Answers

Answer:

the value of cos 0 is 7

Step-by-step explanation:

because you have to times it twice

Answer:

Between 0 and 1

Step-by-step explanation:

Cos Θ is the x coordinate of the unit circle. The points of that circle in quadrant IV have an x coordinate of 0≤x≤1.

Test Scores Find the percentile rank for each test score in the data set. Round to the nearest whole percentile.

10, 15, 19, 23, 30

Part 1 of 6

The percentile rank for the value 10 is

Answers

The percentile rank for 10 will be 10th.

What is percentile rank?

The percentile rank of a particular score in statistics refers to the percentage of scores in the frequency distribution that are smaller than that score.

Percentile rank = [(Number of values below x) + 0.5]/ total number of values * 100

For 10,

Percentile rank = {[0 + 0.5]/5} x 100 = 10th

For 15,

Percentile rank = ([1 + 0.5]/5) x 100 = 30st

For 19,

Percentile rank = [2 + 0.5]/5 x  100 = 50th

For 23,

Percentile rank = [3 + 0.5]/5  x  100 = 70th

For 30,

Percentile rank = [4 + 0.5]/ 5  x 100 = 90th

The percentile rank for 10 will be 10th.

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If the population is highly skewed, the sample size needed for the central limit theorem to apply usually has to be ______ that when the population is not highly skewed a. different from b. the same as c. larger than d. smaller than​

Answers

Answer:

2

Step-by-step explanation:

the same as...

(2) is the answer

If the population is highly skewed, the sample size needed for the central limit theorem to apply usually has to be the same as that when the population is not highly skewed.

What is the central limit theorem?

The central limit theorem states in probability theory that, in many instances, when independent random variables are added together, their correctly normalized sum tends toward a normal distribution, even if the original variables are not normally distributed.

If the population is highly skewed, the sample size needed for the central limit theorem to apply usually has to be the same as that when the population is not highly skewed.

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After sales tax, a $600 antique clock costs $642. What is the sales tax percentage?

Answers

well, clearly the tax is the added 42 bucks, so hmmm if we take 600 to be the 100%, how much is 42 off of it in percentage?

[tex]\begin{array}{ccll} amount&\%\\ \cline{1-2} 600 & 100\\ 42& x \end{array} \implies \cfrac{600}{42}=\cfrac{100}{x}\implies \cfrac{100}{7}=\cfrac{100}{x} \\\\\\ 100x=700\implies x=\cfrac{700}{100}\implies x=7[/tex]

Answer:

Answer is 7% sales Tax

Step-by-step explanation:

I first like to take one percent of the original value, in this case 1% of 600 is 6 dollars. I then multiply 6 by the number needed to get to 642, which is 107- you will always then subtract 100 from this number and you get 7%. This should work for other problems as well. This is probably not the best explanation btw

help pleseeeeeeeeeeeeeeeeeeeeeeee
Complete the information as requested:
1.- Indicated dose: 300 mg of Ceftriaxone ampoules IV every 6 hours for 10 days.
Available: 1.2 g of Ceftriaxone vial. Reconstitute with 5ml of Sterile Water
a) Dose volume … Calculations
b) Number of doses per day to comply with the indication.
c) Number of ampoules needed for the entire treatment

2.- The patient has indicated:
Indicated quantity: 250 mg Tobramycin ampoule every 12 hours
Available Tobramycin 100 mg /ml vial
a) Dose volume for administration according to indication.
b) Number of ampoules needed for one day of treatment.
c) Amount of Tobramycin received per day - mg

3.- A doctor indicates 0.5 g PO c6h x 5 days
The drug available is 125 mg / 5 mL
a) What is the amount of drug administered per dose? in ml
b) how many total doses for the 5 days are required
c) how many 100 ml bottles do I need to deliver

Answers

C but I’m not to sure

3t-2/4 - 2t-3/3 = 2/3 - t

Answers

The value of the variable t will be 13 / 12.

What is Algebra?

The analysis of mathematical representation is algebra, and the handling of those symbols is logic.

The equation is given below.

3t - 2/4 - 2t - 3/3 = 2/3 - t

Then the value of t will be

t - 3/2 = 2/3 - t

      2t = 2/3 + 3/2

      2t = 13 / 6

         t = 13/12

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Question 2 On the line that passes through point C, mark a point D that is distinct from point C. Use the slope formula along with coordinates of points to find the slopes of and . Show your work.

Answers

The slope formula along with coordinates of points ( p,q) and (x,y) [tex]m = \dfrac{y-q}{x-p}[/tex].

What is the slope of a straight line?

A slope tells how vertical a line is.

The more the slope is, the more the line is vertical. When the slope is zero, the line is horizontal.

To find the slope, we take the ratio of how much the line's height increases as we go forward or backward on the horizontal axis.

This is because the more the height of the line to the amount we walk or run on the horizontal axis, the more the slope is.

The slope of a line that passes through points ( p,q) and (x,y)

Its slope would be:

[tex]m = \dfrac{y-q}{x-p}[/tex]

Slope of parallel lines are same. Slopes of perpendicular lines are negative reciprocal of each other.

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Write the prime factorization of 10

Answers

Answer:

2|10

5|5

1

Prime factors of 10 are 2*5

Find the value of x of the given right triangle.​

Answers

Answer:

In the right triangle, the side a=[tex]4[/tex] and the hypotenuse c=[tex]7[/tex].

To find: the value of x

We have,

[tex]a=6[/tex] and [tex]c=7[/tex]

Now,by the pythagorean theorem,

[tex] {a}^{2} + {b}^{2} = {c}^{2} [/tex]

Substitute the values,

[tex] {6}^{2} + {x}^{2} = {7}^{2} [/tex]

[tex]36 + {x}^{2} = 49[/tex]

Subtract 36 from each sides,

[tex] {x}^{2} = 13[/tex]

Take square root from each sides,

[tex]x = \sqrt{13} [/tex]

Hence, the value of x is [tex]\sqrt{13}[/tex].

A freight elevator has a weight limit of 2 tons. Each crate that is loaded weighs 80 pounds. What is the greatest number of crates that can be loaded onto the elevator

Answers

Hope this helps! Let me know if you need anything.

IK
rying the Distributive Property
Try it
Which statement is an example of the distributive property?
O3+ (2)(15)= 3(2) + 3(15)
O3(2+15) = 3 + 2(3) + 15
O3(2+15)= 3(2) + 3(15)
O 3(2+15)= 3(2) + 15

Answers

The statement that is an example of the distributive property is (c) 3(2+15)= 3(2) + 3(15)

How to determine the example?

The distributive property states that:

a(b + c) = a(b) + a(c)

Using the above property, we have:

3(2+15)= 3(2) + 3(15)

Hence, the statement that is an example of the distributive property is (c) 3(2+15)= 3(2) + 3(15)

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A candle on Pauline’s dresser is 4 inches tall and burns at a rate of 0.6 inches per hour. How many hours will it take for the candle to burn down to a height of 1.3 inches?

Answers

The time taken for the candle to burn down to a height of 1.3 inches is 4.5 hours

What is a Linear Function ?

A linear function is what can be written in the form of

y =mx+c

The rate at which the candle is burning is 0.6 inches/ hour

The initial height is 4 inches at t=0

The straight line equation can be written for this as

y =mx +c

as m = -0.6

at x = 0 , y = 4 therefore c =4

y = -0.6x +4

The time at which y = 1.3 inches is

1.3 = -0.6x +4

-2.7 = -0.6 x

x =4.5

4.5 hours is the time taken for the candle to burn down to a height of 1.3 inches.

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In which triangle is the value of x equal to cos−1(StartFraction 4.3 Over 6.7 EndFraction)?

(Images may not be drawn to scale.)

A right triangle is shown. The length of the hypotenuse is 6.7 and the length of another side is 4.3. The angle between the 2 sides is x.
A right triangle is shown. The length of the hypotenuse is 6.7 and the length of another side is 4.3. The angle opposite to side with length 4.3 is x.
A right triangle is shown. The length of the hypotenuse is 4.3 and the length of another side is 6.7. The angle between 2 sides is x.
A right triangle is shown. The length of the 2 sides are 6.7 and 4.3. The angle opposite to side with length 4.3 is x.

Answers

The correct answer is option A. which is the right triangle shown. The length of the hypotenuse is 6.7 and the length of another side is 4.3. The angle between the 2 sides is x.

The complete figure is attached with the answer below.

What is trigonometry?

The branch of mathematics sets up a relationship between the sides and the angles of the right-angle triangle is termed trigonometry.

In the given figure of option A, we can see that the hypotenuse is 6.7 and the base is 4.3 and the angle between both the sides is x. Now we will calculate the angle of cosine x.

Cos(x)= Base / Hypotenuse

Cos(x) = ( 4.3 / 6.7 )

(x) = Cos⁻¹ ( 4.3 / 6.7)

Therefore the correct answer is option A. which is the right triangle shown. The length of the hypotenuse is 6.7 and the length of another side is 4.3. The angle between the 2 sides is x.

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Answer:

The answer is A

Step-by-step explanation:

Just took the test

where do banks get the money to lend to consumers

Answers

Answer:

Depositors

Step-by-step explanation:

Answer:

Banks get the money from the people that deposit their money at the bank for a low interest rate and lend to the customers with a high interest rate.

You can buy a car for $5995.67 cash or pay $759.00 as a down payment and $129.95 a month for 4 years.
How much more does the installment plan cost than paying cash?
A. $1000.93
B. $241.93
C. $507.43
D. $2475.27
E. $99.27

Answers

well, if you had the cash right now, you can put it down cold for 5995.67 bucks

OR

put as a downpayment now 759 and then over 48 months pay 129.95 each month, well, 129.95  48 times is 129.95 * 48 = 6237.6, now let's add the 759 down and that's 6237.6 + 759 = 6996.6.

well, heck if you had the cash it'd be 5995.67, if you don't is 6996.6, their difference is 6996.6 - 5995.67 = 1000.93.

Which of the following numbers is shown plotted on the number line ?

Answers

-15/7…………………………………………………..

what is two significant digit for 59.3506494?

Answers

Answer:

59

Step-by-step explanation:

Round 59.3506494 to the first 2 sig figs which is 59 since the number next to the decimal isnt over or 5, so it stays as 59 instead of 60.

Let f(x)=20/5+6e^−0.1x What is (5)? Round your answer to 4 decimal places.

Answers

We can conclude that the function evaluated in x = 5 is equal to 2.3150

How to evaluate the function?

Here we have the function:

[tex]f(x) = \frac{20}{5 + 6e^{-0.1x}}[/tex]

And we want to evaluate in x = 5, this just means to replace the x by a 5 in the given function:

We can evaluate this with a calculator (as doing it by hand is kinda hard), we will get:

[tex]f(5) = \frac{20}{5 + 6e^{-0.1*5}} = 2.3150[/tex]

So we can conclude that the function evaluated in x = 5 is equal to 2.3150.

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