Suppose you want to save in order to purchase a new boat. Take the APR to be 6.0%.

You want to have $15,000 toward the purchase of a boat in three years. How much do you need to deposit each month? (Round your answer to the nearest cent.)

Answers

Answer 1

Answer:

Amount deposit each month = $365.26

Step-by-step explanation:

Given:

Amount deposit = $15,000

Rate = 6% = 6% / 12 = 0.005

Number of time = 3 x 12 = 36

Find:

Amount deposit each month

Computation:

Amount deposit each month = [(15,000) x 0.005]/[(1.005){(1.005)³⁶-1}]

Amount deposit each month = $365.26

Answer 2

The amount needed to be deposited each month is;

P ≈ $393.23

We are given;

APR = 6% = 0.06

Total accumulated amount; A = $15000

number of years; n = 3 years

To calculate the amount needed to be deposited each month, we will use the formula;

A = [P(1 + APR/12)¹²ⁿ - 1)] ÷ (APR/12)

Plugging in the relevant values gives;

15000 = [P(1 + (0.06/12))⁽¹²*³⁾ - 1] ÷ (0.06/12)

Rearrange to get;

[P(1 + (0.06/12))³⁶ - 1] = 15000 × 0.06/12

⇒ [P(1 + 0.005)³⁶ - 1] = 75

⇒ P(0.19073) = 75

⇒ P = 75/0.19073

P ≈ $393.23

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Related Questions

Tall Mountain is 8,678.37 feet higher than Mt. Might. What is the elevation of Tall Mountain?
The elevation of Tall Mountain is
feet.

Answers

Answer:

i wont give u a direct answer but i will tell u this.. Look up Mt. Mights height  and subtract 8,678.37 with a cauculator. The answer will tell you

Answer: 28,979.87

Step by step explanation: I GOT THE ANSWER CORRECT!!!!!! For any one wondering I am doing this question right no and what the other guy said about subtracting is wrong because i tried doing tat and it said it was wrong.

Which of the following ratios is not equivalent to 2:10
A.1/5
B.2/5
C.4/20
D.6/30

Answers

Answer:

D because 6/30 is not the same as 2:10

Answer:

2/5 is not equibalent to 2:10

Step-by-step explanation:

2:10

1/5 × 2 = 2/10

2/5 × 2 = 4/10

4/20÷2 = 2/10

6/30÷3 = 2/10

Please help me with this problem
(0.3d−1.5)/3 1/3 =0.84: 7/15

Answers

The overall answer is d=16.76


If you are looking for just the answer to (0.3D-1.5)/3 than that is 0.1d-05.


I don’t exactly understand what you want me to solve so I gave you two answers.!

Options are:
- is
- is not

Answers

Answer:

Not constant

Step-by-step explanation:

it is not constant. lol

What Is the result of adding these two equations

6x+2y =-2
3х – 2y = - 5

Answers

Answer:

x=3 y=-2

Step-by-step explanation:

If 900 square centimeters of material is available to make a box with a square base and an open top, find the largest possible volume of the box?

Answers

Answer:

1400

Step-by-step explanation:

I need help with four answers! Will mark brainliest : )!
Q.1:Which symbol replaces the box to make the statement true?

4⋅16−16□4⋅[24−2⋅(4+8)]



Q.2: Which expression has a value less than the given expression when x = 5?

3x + 15
-----------------------------------
Answers options:
2x²

x² + 5

3(x + 5)

4x + 5
Q.3:Let m = 4 and n = 5.

Select from the drop-down menu to create a true statement.

4m+4n ​ = 2m2+
----------------------------
Answer options:
M
N
MN 2
Q.4: Which expression completes the statement to form a true equation?

28–3+2=
----------------------------------------------------
Answer options:


5(4 + 2)

3² + 19

44–24

Answers

Answer:

Q1:=

Q2:4x+2

I believe question 3 is MN 2

3^3

-4q= 52
HELP!!!!!!!!!!!!!!!!!!!!!
Algebra 1

Answers

hi

-4q= 52

   q = 52/ -4

    a =  -13

Answer:

-13

Step-by-step explanation:

-4q=52

divide both side by -4

-4q/-4=52/-4

q=-13

1. la señora Treviño tiene el doble de edad que su
hijo hace 9 años la suma de su edades era 30
¿cual es su edad actual?

Answers

Answer:

Daughter age = x = 16 years old

Mother's age = 2x = 2 × 16 = 32 years

Step-by-step explanation:

The computation of their current age is shown below:

Let us assume that the current age of the daughter is x

And, the current age of the mother be 2x

Now nine years ago, their ages would be

daughter age is x - 9

And, the mother age would be 2x - 9

Now the equation would be

x - 9 + 2x - 9 = 30

3x - 18 = 30

3x = 30 + 18

3x = 48

x = 48 ÷ 3

x = 16.

Therefore

Daughter age = x = 16 years old

Mother's age = 2x = 2 × 16 = 32 years

If someone is smart enough to do this your a genius and I will give you a brainless

You have to fill in the blanks

Answers

A. 107
B. 29
C. 70
D. 73
E. 73
F. 151
G. 151
H. 110
I. 110
J. 44
K. 41
L. 107
M. 107
N. 73
O. 73
P. 44
Q. 119

Household incomes are normally distributed with a mean of $47,500 and a standard deviation of $12,500. What is the probability of having incomes of $60,000
or more?
a) 2.50%
O b) 5.0096
C) 15.87%
od) 7.8096

Answers

Answer:

Option C: 15.87 is the correct answer

Step-by-step explanation:

Given

Mean = $47500

SD = $12500

We have to find the probability of having $60000 or more

So,

x = $60000

The z-score will be:

[tex]z-score = z = \frac{x-mean}{SD}\\z = \frac{60000-47500}{12500}\\= \frac{12500}{12500}\\= 1[/tex]

Looking in the z-score table, we get

P(Z<60000) = 0.8413

In order to find the probability P(Z>60000) => 1-P(Z<60000)

= 1-0.8413

=0.1587

Converting into percentage: 0.1587*100 = 15.87%

Hence,

Option C: 15.87 is the correct answer

is 8+y=4x a linear equations

Answers

Answer:

Yes

Step-by-step explanation:

8 + y = 4x is a linear equation in two variables ( x and y) .

yes it is a linear equation

You pay $7.80 for 6 pounds of apples. Find the price per pound.


Answers

━━━━━━━☆☆━━━━━━━

▹ Answer

$1.30

▹ Step-by-Step Explanation

To find the price per pound, you have to divide the total amount of money by the amount of pounds:

$7.80/6 lbs = $1.30

Hope this helps!

CloutAnswers ❁

━━━━━━━☆☆━━━━━━━

3x+8
What is the solution of
3x+8 /X-4>_
0?

oxs-orx>4
x 8
*<-3 or x>4
Osx<4
0 - 3 < x <4

Answers

Answer:

a

Step-by-step explanation:

The solution of the inequality 3x + 8 / (x -4 ) ≥ 0 is x≥ -8/3.

What is Inequality?

Inequalities are mathematical formulas in which neither side is equal. Unlike equations, we compare two values in inequality. In between, the equal sign is substituted by a less than (or less than or equal to), greater than (or greater than or equal to), or not equal to sign.

We have the inequality,

3x + 8 / (x -4 ) ≥ 0

Now, simplifying the inequality

3x + 8 ≥ 0

3x ≥ 0-8

3x ≥ -8

x ≥ -8/3

Learn more about Inequality here:

https://brainly.com/question/30231190

#SPJ5

I need help answering. Thanks.

Answers

Answer:

28

Step-by-step explanation:

C or B's so 30% + 40% = 70% so:

70/100 multiplied by 40 because 40 students

7/10 times 40 = 28

The correct answer is 28

Franco was is making breakfast he uses 36 eggs for12 orders. How many eggs does he use per order

Answers

Answer:36 divided by 12=3

Step-by-step explanation:

Answer:

He uses 3 eggs.

Step-by-step explanation:

Divide 36/12, and that's how much he used each order.

A.4
B.3
C.6
D.5........ please help

Answers

Answer:

The answer is

A. 4

Step-by-step explanation:

helppp whats number 1 A B and C?!

Answers

A=-4/3
B=1/5
C=-5/4
Hope that helps.

Answer:

A=-4/3

B=1/5

C=-5/4

Step-by-step explanation:

Find the equation of the line.
The perpendicular bisector to the line segment with endpoints (-8,5) and (4,1).
The equation of the line is
y =

Answers

Answer:

y = 3x + 9

Step-by-step explanation:

The perpendicular bisector to the line segment is passing through the midpoint of the line segment. Coordinates of midpoint are ( [tex]\frac{x_{1} +x_{2} }{2}[/tex] , [tex]\frac{y_{1} +y_{2} }{2}[/tex] )

Formula of slope is m = [tex]\frac{y_{2} -y_{1} }{x_{2} -x_{1} }[/tex]

Slopes of perpendicular lines are opposite reciprocals. So, if AB ⊥ CD , then [tex]m_{AB}[/tex] × [tex]m_{CD}[/tex] = - 1

y - [tex]y_{1}[/tex] = m ( x - [tex]x_{1}[/tex] )  

~~~~~~~~~~~

(- 8, 5)

(4, 1)

m = ( 5 - 1) / ( - 8 - 4) = - [tex]\frac{1}{3}[/tex]

Opposite reciprocal to ( - [tex]\frac{1}{3}[/tex] ) is 3

Coordinates of midpoint are ( - 2 , 3 )

y - 3 = 3 ( x + 2 )

y = 3x + 9  

ME NEEDS SOME MORE HELP FOR QUESTION 2




also whoever answers this question first I will mark them the brainliest :3

Answers

Answer:

C is answer I think 0, because

Answer:

C.

Step-by-step explanation:

100%sure

Because -5 in front will equal a positive because you have a positive 0 in back therefore it will be C brainliest please!

Arianna is packing scented candles and candle holders into gift boxes. She has 84 candles and 48 holders, and each box must contain both items. She puts the same number of candles in each box, and the same number of holders in each box. What is the maximum number of gift boxes Arianna can pack, and how many scented candles and candle holders will each box have?



A.

4 boxes; 21 scented candles and 12 candle holders

B.

6 boxes; 14 scented candles and 8 candle holders

C.

12 boxes; 7 scented candles and 4 candle holders

D.

24 boxes; 3 scented candles and 2 candle holders

Answers

The answer is A

Hope this helps!

Let f(x) = 3x + 2 and g(x) = - 2x + 1 Find f(g(- 2))
is it

a: -7
b: 9
c: 17
d: 0​

Answers

Answer:

(c). 17

Step-by-step explanation:

f(g(x)) = 3( - 2x + 1 ) + 2 = - 6x + 5

f(g(- 2)) = - 6( - 2 ) + 5 = 17

2= n/3 n=?
In "One-strp multiplication &division equations

Answers

2 = n/3
Multiple both sides by 3
n = 6

The total number of students enrolled at Twin Rivers Middle School is 2,000
students. If the ratio of boys to girls is also 3 to 2 for the school, how many students
are boys and how many students are girls at Twin Rivers Middle school?

Answers

Answer:

1200 boys and 800 girls

Step-by-step explanation:

since the ratio is 3:2 i just added the ratio to get 5 then divided that by how many total students there were giving me 400, then multiplied it by 3 for the boys and by 2 for the girls. giving me 1200 and 800

(sorry if this is confusing)

Add the ratios together: 3 + 2 = 5

Divide total students by 5:

2000 / 5 = 400

Multiply each ratio by 400:

Boys = 400 x 3 = 1200

Girls = 400 x 2 = 800

PLEASE HELP I HAVE 8 min left

Answers

Answer:

I would help but I can't see the picture... sorry good luck

Step-by-step explanation:

Slope=4,passing through (7,4)

Answers

Answer:

if ur trying finding the y-intercept  it's -24

Step-by-step explanation:

slope- intercept form is y=mx+b we know m is 4 (7,4) 7 is the x 4 is the y ...

then you plug them in and we know 4 times 7 is 28 and then 4-s8 is -24  

What is one hundred times greater than 40?

Answers

100 + 40 = 140
140 is 100 times greater than 40

which two triangles are congruent? complete the congruence statement.​

Answers

The two at the top not the one at the botton

There is ounce of yeast in every 2 teaspoons of yeast. A recipe for bread calls for 2 teaspoons of yeast. How many ounces of yeast are needed for this recipe?

Answers

one ounce of yeast is needed

during a sale, an appliance that costs $275.00 is being sold at a discount for $220.00. which equation can be used to find the size of discount, d during the sale?​

Answers

Answer:

20% discount

Step-by-step explanation:

275 - 220 = 55

55/275 = 0.2

The discount is 20%

Answer:

20% discount

Step-by-step explanation:

275 - 220 = 55

55/275 = 0.2

0.2(100)=20

There is a 20% discount.

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