Please I need this ASAP! A couple needs to get a loan of $5,000 and has to choose between three options. • Option A: 2 1/4% compounded quarterly (every 3 monins) o Option B: 3% compounded every 4 months o Option C: 4 1/2% compounded semi-annually If they make no payments for 5 years, which option will give them the least amount owed after 5 years? Use a mathematical model for each option to explain your choice. ​

Answers

Answer 1

Therefore, option A will result in the least amount owed after 5 years.

What is percent?

Percent is a way of expressing a number as a fraction of 100. The symbol used for percent is "%". For example, 50% is equivalent to 50/100 or 0.5. Percentages are commonly used to express rates, ratios, and changes in quantity over time.

Here,

To determine which option will result in the least amount owed after 5 years, we need to calculate the total amount owed for each option at the end of the 5-year period. We can use the formula A=P(1+r/n)^(nt) to calculate the total amount owed, where A is the final amount owed, P is the principal (in this case $5,000), r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the time period in years.

Option A: 2 1/4% compounded quarterly (every 3 months)

The annual interest rate is 2.25%. Since interest is compounded quarterly, n=4. The time period is 5 years, so t=5. Plugging these values into the formula, we get:

A = [tex]5000(1+0.0225/4)^{(4*5)}[/tex]

= $5,827.05

Option B: 3% compounded every 4 months

The annual interest rate is also 3%, but interest is compounded every 4 months. To calculate the effective interest rate per year, we need to convert the compounding period to years. Since there are 3 compounding periods per year (4 months each), the effective annual interest rate is:

(1+0.03/3)³ - 1 = 0.0304 or 3.04%

Using the formula with these values, we get:

A = 5000(1+0.0304)⁵

= $6,079.28

Option C: 4 1/2% compounded semi-annually

The annual interest rate is 4.5%. Since interest is compounded semi-annually (twice per year), n=2. Plugging in the values, we get:

A = [tex]5000(1+0.045/2)x^{(2*5) }[/tex]

= $6,200.92

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Related Questions

How much time required to complete a10days work if it could complete by 3 worker in 4days and 6worker in 3.05 days,if 5 workers is involved in it? please reply​

Answers

Answer:

This seems to be a linear relationship:

A linear relationship can be written as:

y = a*x + b

where a is the slope and b is the y-axis intercept.

For a line that passes through the points (x1, y1) and (x2, y2), the slope can be written as:

a = (y2 - y1)/(x2 - x1).

We know that 3 workers can complete the job in  4 days.

Then if we define W as the rate at which a single worker can complete the work, we have the ordered pair (3 workes, 4 days)

And we also know that 6 workers can finish the job in 3.05 days, then we also have the ordered pair (6 workers, 3.05 days)

Then using these two, we can find the slope of the line:

a = (3.05 days - 4 days)/(6 workers - 3 workers) = -0.35 days/worker.

Then we have the equation:

y = (-0.35 days/worker)*x + b

Where:

y represents the time to complete the job

x represents the number of workers.

b is the y-intercept, to find the value, we could just replace one of the points in the equation, for example with the point (3 workes, 4 days) we need to replace x by 3 workers, and y by 4 days:

4 days = (-0.35 days/worker)*3 workers + b

4 days = -1.4 days + b

4 days + 1.4 days = 5.4 days  = b

then the equation is:

y = (-0.35 days/workers)*x + 5.4 days.

Now we can find the number of days needed for 5 workers to finish the job, we just need to replace x by 5 workers:

y = (-0.35 days/workers)*5 workers + 5.4 days

y = 3.65 days.

Mark regularly works 20 hours per week at a local restaurant from Monday through
Friday. He earns $14.25 per hour and receives double-time pay for working Saturdays.
Last week he worked his regular 20 hours, and an additional 4 hours on Saturday.
What will his total pay be for the week?

Answers

okay so we know that he worked his regular 20 hours so we can multiply pay times his hours ($14.25)x (20) which is $285 plus the 4 hours on Saturday. *add $14.25 plus $14.25 together because he gets paid double for overtime* ($28.50)x(4) which is $114. Then we add them both together $285+$114 = $399 which is your answer

Can someone help me on this please

Answers

Answer:

sin ∅ = 16 /34

cos ∅ = 30 /34

tan ∅ =  16 /30

Step-by-step explanation:

SOH CAH TOA

sin = opp/hyp

cos = adj/hyp

tan = opp/adj

the hypotenuse is always across from the right angle and has the longest side

Can somebody help me?​

Answers

Answer:

6/7

Step-by-step explanation:

because there are 28 properties in all

4 of them are railroads

but we're not looking for the probability of selecting a railroad, which would be 4/28 or 1/7, but for not selecting a railroad

and 24 of them are not railroads

So the probability of not selecting a railroad is 24/28, which simplified/reduced is 6/7

Can someone please answer this ty

Answers

i believe the answer is c
i’m pretty sure the answer is c i think i’m so sorry if i’m wrong tho

What equation should we use to find the distance?

Answers

Answer:

distance= speed *time

Step-by-step explanation:

use the above formula ☝️

Part of the population of 6,750 elk at a wildlife preserve is infected with a parasite. A random sample of 50 elk shows that 4 of them are infected. How many elk are likely to be infected?

Answers

Answer:

The answer is 540.

Hope this helps! :)

1. If four pens cost $1.36, how much does one pen cost? Write a proportion and
solve


Plzzzz help me

Answers

Answer:

0.34-34cents

Step-by-step explanation:

Just do 1.36 divided by 4.

Divide 4 with 1.36. The answer should be 0.34 so each pen costs 0.34¢

PLEASE HELP ASAP WILL GIVE BRAINLEIST!!!
Find the area of the shaded region.

A. 357.72

B. 53.86

C. 715.44

D. 253.86

Answers

Answer:

B it is B

Step-by-step explanation:

A rectangular prism has a volume of 30 cubic inches.It's length is 1/3and it's width is 3 feet. What is the height?

Answers

V = WHL

30 = [tex]\frac{1}{3}[/tex]*3*L

30 = 1*L

30 = L

hey whats 7 1/9= 2 4/5 + m?I need this answer in 20 min if thats cool pls help I need this grade​

Answers

Any of these 3 qnswers would work 229/45 5 4/45 5.08

Step-by-step explanation:

71/9=14/5+m

14/5-71/9

=-229/45

All of the following expressions are equivalent except _____.

(5 - 5) x
-5( x - 1)
-5 x + 5
5 - 5 x

Answers

Answer:

second expression

Step-by-step explanation: ..

Answer:

Step-by-step explanation:

A 5-5=x if yoyou put 4 for x all equal 15 except a

What two numbers multiply to -32 and add up to 4

Answers

Answer:

-4 and 8

Step-by-step explanation:

-4 x 8 = -32

-4 + 8 = 4

The two numbers that multiply to -32 and add up to 4 are -8 and 4.

To find two numbers that multiply to -32 and add up to 4, we can use a factoring approach or trial and error.

Let's consider two numbers, x and y, such that:

xy = -32 (Equation 1)

x + y = 4 (Equation 2)

We need to find values of x and y that satisfy both Equation 1 and Equation 2 simultaneously.

By trying different pairs of numbers, we can find that -8 and 4 satisfy both equations:

-8 * 4 = -32 (Equation 1)

-8 + 4 = 4 (Equation 2)

Therefore, the two numbers that multiply to -32 and add up to 4 are -8 and 4.

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The CPI is currently 153. If a coffee maker costs $31.90 today, how much did one cost in 1983, to the nearest cent?

a. $20.85

b. $21.20

C. $26.60

d. $48.81

Please select the best answer from the choices provided

B

Ο Ο Ο Ο

С

D

Mark this and return

Save and Exit

Next

Submit

Answers

Answer:

a.

$20.85

Step-by-step explanation:

The amount of one cost in 1983, to the nearest cent is to be considered as the option a. $20.85.

Calculation of the amount of one cost:

Since

The CPI is currently 153.

And, there a coffee maker costs $31.90 today.

So the one cost should be like

[tex]= 31.90 \div 153[/tex]

= 20.85%

Hence, The amount of one cost in 1983, to the nearest cent is to be considered as the option a. $20.85.

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What specific measure of a geometric figure is shown in the image?
A. A 100° angle
B. A 100 mm side length
C. An 80° angle
D. A 180 mm side length

Answers

Answer:

I think its C???

Answer:

c hope its hleps

Step-by-step explanation:

I just took the test

The ratio of employees who
play musical instruments to
employees who play sports is
3:20. If there are 40
employees who play sports,
how many employees play
musical instruments?

Answers

Answer:

Employees who play musical instruments = 6

Step-by-step explanation:

Given that:

Ratio of employees who play musical instruments to employees who play sports is 3 : 20

Number of employees who play sports = 40

Let,

x be the number of employees who play musical instruments.

Ratio = x : 40

As the relationship is proportional,

3 : 20 :: x : 40

Product of mean = Product of extreme

20x = 120

Dividing both sides by 20

[tex]\frac{20x}{20}=\frac{120}{20}\\x=6[/tex]

Hence,

Employees who play musical instruments = 6

HELPP!!! DON'T ANSWER IF YOU ARE NOT SURE PLEASE !!

Select the reason why these triangles are similar. If they are not, select "Not similar",

Answers

It’s SSS

HOPE IT HELPS

helppppppppppppppppppppp​

Answers

Answer:

$7.20

Step-by-step explanation:

60% of 4.5 = 2.7

4.5+2.7 = $7.2

Answer:

7.2

Step-by-step explanation:

So u do 60% of 4.5 and add ur answer to 4.5

what equation does the graph below represent
answer choices:
y =2x
y=1/2x
y=1/2
y=2+x

Answers

Answer:

y=2x

Step-by-step explanation:

Factor the equation

Answers

Answer:

y = (x + 4)²

Step-by-step explanation:

Given equation is,

y = x²+ 8x + 16

By using identity (a + b)² = a² + 2ab + b²

y = x² + 2(4)(x) + 4²

Here a = x and b = 4

y = (x + 4)²  

Therefore, factored form of the given equation is y = (x + 4)²

Solve for x. 0.5x + 0.7 = −0.75

Answers

Answer:

x= -2.9

Step-by-step explanation:

Please answer quickly !

Answers

Answer:

Probably B

Step-by-step explanation:

It’s b {x: 2 < x < 8}

Determine each percentage by writing a proportion. Round to the nearest tenth if necessary.

What % of 6 is 5?

Answers

Answer:

Rounded: 83%

Step-by-step explanation:

5 ÷ 6 = 0.83 (3 repeating)

= 83%

Please mark me Brainliest :)

Answer:

83.3

Step-by-step explanation:

Set up your proportion. 5x100=500. 500/6= 83.3.

A car driving at a constant speed for 30mins. It this proportional

Answers

yes-i’m not sure tho

21. Mr. Li has 1,034 goats. He has 242 more sheep than goats. How many sheep does Mr. Li have?​

Answers

Answer:

1276

Step-by-step explanation:

Work out the value of (3²)^2 x (10^3)^2

Answers

answer:
100 x 30^4
explanation:
3^4 x (10^3)^2
10^2 x 30^4
100 x 30^4

how long is the segment from (-5 2) to (-5 -8)

Answers

Answer:

Step-by-step explanation:

Let R be the radius of the circle, θ the central angle in radians, α is the central angle in degrees, c the chord length, s the arc length, h the sagitta (height) of the segment, and d the height (or apothem) of the triangular portion.

hope that help

mark me brill

Petra jogs 2 miles in 24 minutes. At this rate, how long would it take her to jog 10 miles?

Answers

Answer:

120 Minutes

Step-by-step explanation:

24 minutes / 2 miles = 12 minutes / 1 mile

12 minutes / 1 miles = x minutes / 10 miles

Cross multiply

12*10/1 = x

120 / 1 = x

x = 120

Hope that helps!

What is the value of x?

Answers

X = 20

Isolate the variable by dividing each side by factors that don't contain the variable.
x
=
20

NOTES: The letter "x" is often used in algebra to mean a value that is not yet known. It is called a "variable" or sometimes an "unknown."

Generally, the algebraic expression should be any one of the forms such as addition, subtraction, multiplication and division. To find the value of x, bring the variable to the left side and bring all the remaining values to the right side. Simplify the values to find the result.

ANSWER: 20

The mass of a car tire is 17.25 kilograms. What is the mass of a car tire in grams?

Answers

Answer:

17,250

Step-by-step explanation:

since there are 1000 grams for each kilogram

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