Your cousin Vinny wants to borrow $23750. He’s willing to pay you back over 8 years with simple interest. Your alternative is to invest in the $23750 into an account paying 7.75% compounded monthly.
A) How much interest would you earn in your investment if you deposit $23750 into an investment account for 8 years? Round to nearest cent.
B) What annual interest rate to you charge Vinny in order to make the same amount of interest on his loan as your investment account? Round to nearest hundredth of a percent.

Answers

Answer 1

Answer:

A)You will earn $20311.62 as interest  if you deposit $23750 into an investment account for 8 years.

B) The annual interest rate to you charge Vinny in order to make the same amount of interest on his loan as your investment account is 10.69%

Step-by-step explanation:

We are given that Your cousin Vinny wants to borrow $23750. He’s willing to pay you back over 8 years with simple interest.

Your alternative is to invest in the $23750 into an account paying 7.75% compounded monthly.

a)How much interest would you earn in your investment if you deposit $23750 into an investment account for 8 years?

Principal = 23750

Rate of interest = 7.75%

No. of compounds per year = 12

Time = 8 years

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

Where A is the amount

P is the principal

r = rate of interest

n = No. of compounds

t = time

Substitute the value sin the formula :

[tex]A=23750(1+\frac{7.75}{1200})^{12 \times 8}[/tex]

A=44061.6163406

Interest = Amount - Principal

Interest = 44061.6163406-23750

Interest =20311.62

You will earn $20311.62 as interest  if you deposit $23750 into an investment account for 8 years.

B)What annual interest rate to you charge Vinny in order to make the same amount of interest on his loan as your investment account

Principal = 23750

Simple interest =[tex]\frac{P \times T \times R}{100}[/tex]

[tex]20311.62=\frac{23750 \times 8 \times R}{100}\\\frac{20311.62 \times 100}{23750 \times 8}=R\\10.69\%=R[/tex]

Hence The annual interest rate to you charge Vinny in order to make the same amount of interest on his loan as your investment account is 10.69%


Related Questions

470 centimeters = _____ meters

Answers

Answer:

4.7 meters

Step-by-step explanation:

Hope this helps!  : )

Answer:

4.7 meter

Step-by-step explanation:

Determine the value of z in the figure answers: z = 50° z = 45° z = 10° z = 30°

Answers

Answer:

z = 10°

Step-by-step explanation:

Since the two sides are equal, the two base angles have to be equal

That means that 5z and 130 form a straight line and add to 180 degrees

5z+130 = 180

Subtract 130 from each side

5z = 50

Divide by 5

5z/5 = 50/5

z=10

25
Write the number 0.5 in the form , using integers, to show that it is a rational number.
5/11
5/100
5/10
2/1​

Answers

Answer:

5/10

Step-by-step explanation:

0.5 is 5 tenths which is 5/10

HELP ASAP :(
How are the following three expressions different from each other, if indeed they are? do not just state the value of each but explain what may be the same or different. Be as specific as you can be in your response.
1.(-2)^2
2.-2^2
3. -(2)^2

Answers

Answer:

1. 4

2. -4

3. -4

Step-by-step explanation:

Let's look carefully at each problem and explain it.

1. (-2)^2

This means find the square of the number -2. Since the square of a number means multiplying the number by itself, then

(-2)^2 means the product (-2) * (-2),

and since the product of two negative numbers is positive, then

(-2)^2 = (-2) * (-2) = 4

Answer is 4.

2. -2^2

Here, the exponent applies only to the 2, not to -2. This problem means square 2 and then take the opposite of the product. This can be written as

-(2^2)

-2^2 = -(2^2) = -(2 * 2) = -(4) = -4

Answer is -4.

3. -(2)^2

This is the same as problem 2 above. You square the 2 first, then take its negative.

-(2)^2 = -(2^2) = -(2 * 2) = -(4) = -4

Answer is -4

I'm so sorry but I forgot and some of my notes are at school ( don't mind the yellow/orange high light )

Answers

Answer:

its a scalene triangle

Step-by-step explanation:

A test is normally distributed with a mean of 70 and a standard deviation of 10. Todd scores a 55 on the test. Select the answer from the drop-down menu to correctly complete the statement. Based on the mean of 70 and his raw score of 55, Todd’s z-score must be

Answers

Answer:

Todd's Z-score is - 0.27    

Step-by-step explanation:

Explanation:-

Step(i):-

Given data A test is normally distributed with a mean of 70 and a standard deviation of 10.

Mean of the population 'μ' = 70

Standard deviation of the Population ' σ ' = 10

let 'x' be the random variable in normally distributed

Step(ii):-

Given raw score  'x' = 55

Todd's Z-score

                      [tex]Z = \frac{x-mean}{S.D}[/tex]

                     [tex]Z = \frac{55-70}{55}[/tex]

                     Z = -0.27

Final answer:-

Todd's Z-score is - 0.27                    

Which of the following are exterior angles?? Check all that apply

Answers

Answer:

Exteririor angles mean the angles not in the triangle. So the 2 4 and 3

A, D, C

Answer:

Angles two, three, and four.

Step-by-step explanation:

Exterior angles are the angles that lie outside the triangle: in this case, 1, 5, and 6 are the angles which make up the triangle, meaning 2, 3, and 4 are exterior.


Kiran says we should add the constraint 1 is greater than or less than 0
1. What is the reasoning behind this constraint?
-
2. What other "natural constraint" like this should be added?

Answers

Hehensjjsjsndjsnsbbsnsjsjsjsjsjsjksks

Calculate the mean given the frequency table
Class
Frequency
0-9
24
10-19
20
20-29
32

Answers

Answer:

So the mean of the given data set is approximately 15.55.

Step-by-step explanation:

The mean is calculated by taking the sum of the product of each class midpoint and its corresponding frequency and dividing by the total frequency.

The midpoint of each class can be calculated as the average of the lower and upper class boundaries:

Class 0-9: Midpoint = (0 + 9) / 2 = 4.5

Class 10-19: Midpoint = (10 + 19) / 2 = 14.5

Class 20-29: Midpoint = (20 + 29) / 2 = 24.5

Now we can find the sum of the product of each midpoint and its frequency:

(4.5 * 24) + (14.5 * 20) + (24.5 * 32) = 108 + 290 + 784 = 1182

Finally, we divide this sum by the total frequency (76) to find the mean:

1182 / 76 = 15.552632

So the mean of the given data set is approximately 15.55.


[tex]( {5b}^{2} + 3b + 4) + ( {6b}^{2} - 5)[/tex]

Answers

Answer: 11b^2 + 3b - 1

Step-by-step explanation:

(5b^2 + 3b + 4) + (6b^2 - 5)

5b^2 + 3b + 4 + 6b^2 - 5

11b^2 + 3b -1

a) write in simplified form the value of the area of the trapesoid.​

Answers

Answer:

[tex]A=\frac{x^4y^9+3x^4y^9}{2}4x^2y^5=2x^4y^9(4x^2y^5)=8x^6y^{14}[/tex]

PLEASE HELP ME! WILL MARK BRAINLIEST! I WILL REPORT ABSURD AND INCORRECT ANSWERS!
2. Suppose, 11 numbers are given. When each of them was increased by 1, the sum of their squares did not change. Once again each number is increased by 1. Does the sum of squares change this time, and if so, by how much?
4. Several points were marked on a line after which a point was added between any two neighboring points. This operation was repeated 2 more times, and as a result, there were 65 points on the straight line. How many points were there in the beginning?

Answers

Hello, please consider the following.

PART 2

Let's note [tex](x_i)_{1\leq i\leq 11}[/tex] the 11 numbers.

We can write the following

[tex]x_1^2+...+x_{11}^2=(x_1+1)^2+...+(x_{11}+1)^2\\\\=x_1^2+...+x_{11}^2+2(x_1+...+x_{11})+11\\\\\text{So } 2(x_1+...+x_{11})+11 = 0\\\\(x_1+2)^2+...+(x_{11}+2)^2=x_1^2+...+x_{11}^2+4(x_1+...+x_{11})+4*11\\\\\text{As we know that }2(x_1+...+x_{11})+11 = 0\\4(x_1+...+x_{11})+4*11=-11*2+4*11=22[/tex]

So the sum of squares changes by

[tex]\boxed{ \ 22 \ }[/tex]

PART 4

Let's say that we have n points at the beginning.

We will add n-1 points the first time, we will get n + n  - 1 = 2n -1 points.

And then, the second time we add 2n - 1 - 1 points and we get

2n - 1 +2n - 2 = 4n - 3.

Finally, we do it a last time, we add 4n - 3 - 1 points and we get 4n - 3 + 4n - 4 points = 8n - 7  and it must be 65.

So, 8n -7 = 65 <=> 8n = 65+7=72  <=> n = 72/8=9

[tex]\boxed{= \ 9}[/tex]

Thank you

15

Type the correct answer in each box. Use numerals instead of words.

This system of equations has been placed in a matrix:

y = 650x + 175

y= 25,080 - 120x

Column 1

Column 2

Column 3

Row 1

-1

Row 2

120

Reset

Next

Answers

The matrix representation of the system looks:

| -650   0 |

|   -1  120 |

To clarify, it seems you have provided a system of equations:

y = 650x + 175

y = 25,080 - 120x

Now, you want to create a matrix representation of this system by filling in the values in the columns and rows.

Column 1: The coefficient of x in the first equation is 650, so we put -650 in Column 1.

Column 2: The coefficient of x in the second equation is -120, so we put -120 in Column 2.

Column 3: There are no constants in front of x in the given system, so we put 0 in Column 3.

Row 1: Since the first equation has a positive coefficient of x, we put -1 in Row 1.

Row 2: The second equation has a negative coefficient of x, so we put 120 in Row 2.

for such more question on matrix

https://brainly.com/question/30715889

#SPJ8

What is the vertex of the quadratic function below?
y = 3x2 - 12x+17

Answers

Answer:

D (2, 5)

Step-by-step explanation:

To find the vertex of the quadratic function , we will follow the steps below

(x,y) =  [-b/2a  , f(-b/2a)]

x = -b /2a         y = f(-b/2a)

The standard equation of a quadratic equation is  y =ax² + bx + c

compare the above with the equation given, y = 3x² - 12x + 17

a = 3   b= -12   and c= 17

x = -b/2a

x = -(-12)/2(3)

x = 12/6

x = 2

y = f(-b/2a)

y = f (-b/2a) = f(x) = f (2)

y = f(x) =3x² - 12x + 17

To find f(2) simply mean to substitute x = 2 into the quadratic function above. That is;

f(2) = 3(2)² - 12(2) + 17

f(2) =12-24 + 17

f(2) =5

x = 2   and    y  = 5

(x,y)  = (2, 5)

To convert a distance of 4500 yards to miles, which ratio could you multiply
by?
O A.
1760 miles
1 yard
B.
5280 feet
1 mile
C.
1760 yard's
1 mile
D.
1 mile
1760 yards
SUBMIT

Answers

D

1 mile / 1760 yards

ABC and ACD are both right-angled triangles.
D
a)
Explain why the length of AC
is 13 cm.
5 cm
C
5 cm
b)
Calculate the length of AD.
Give your answer correct
to 1 decimal place.
B
A
12 cm

Answers

Answer:

In the picture attached, the question is shown.

a) Applying Pythagorean theorem to triangle ABC, and solving for AC:

CB² + BA² = AC²

5² + 12² = AC²

√169 = AC

13 cm = AC

b) Applying Pythagorean theorem to triangle ACD, and solving for AD:

CD² + AC² = AD²

5² + 13² = AD²

√194 = AD

13.9 cm = AD

What is the measure of X ?

Answers

Answer:

38

Step-by-step explanation:

Since 88 and the angle inside the triangle right next to it are a linear pair, their measure must add up to 180 degrees. Therefore, that angle's measure must be 180-88=92 degrees. Since all of the interior angles of a triangle must add up to 180 degrees as well, 50+92+x=180, meaning that x=180-92-50=38 degrees. Hope this helps!

Answer: 38°

Step-by-step explanation:

180-88 = 92°

180-92-50= 38°


What is the slope of a line that is parallel to the graph of 4x +1y = 47

Answers

Answer:

The answer is negative four

Step-by-step explanation:

4x+1y=47 can be simplified to 4x+y=47.

To find the slope, we solve for Y.

Subtract 4x from both sides.

y=47-4x

Then, move it into standard slope formula, which is y=mx+b

y=-4x+47

A roof has the shape of an isosceles triangle with equal sides 8 cm long and base 12 m long. What is the measure of the angle of inclination of the roof to the nearest degree?

Answers

Answer:

41 degrees to the nearest degree.

Step-by-step explanation:

A line drawn from the vertex and bisecting the base forms 2 right triangles.

The base of one right triangle = 1/2 * 12 = 6 m.

So cos A = adjacent side /hypotenuse   where A is the angle of inclination.

cos A=  6 / 8 = 0.75

m < A = 41.41 degrees.

Which rhetorical technique is the speaker using? A.appeal B.overstatement C.parellelism D.shift

Answers

Answer:

From what chapter of a book?

Step-by-step explanation:

Answer:

he is making an appeal to someone to do something about something that he knows would be good for everyone

Step-by-step explanation:

Need help solving this plzz

Answers

Answer:

[tex]25[/tex]

Step-by-step explanation:

[tex]125^2 \div 125^{4/3}\\[/tex]

[tex]125^{2-4/3}[/tex]

[tex]125^{2/3}[/tex]

[tex]\sqrt[3]{125} ^2[/tex]

[tex]5^2[/tex]

[tex]=25[/tex]

Which choice is equivalent to the fraction below

Answers

Answer:

C

Step-by-step explanation:

a fraction will almost always be division

Answer:

C

Step-by-Step explanation:

6/17 = 0.35

if a new car is valued at $23,600 and 6 years later it is valued at $8000, then what is the average rate of change of its value during those 6 years?

Answers

The change through the year is 15,000

Q: A monomial usually has the form axn, where a is any number and n is a nonnegative integer. True or False

Hello, please help me out!

Answers

Answer:

True

Step-by-step explanation:

Yes this is a correct statement because a monomial usually has only one term and no + or - sign dividing the terms. For example 3x is a monomial which can be written as x*3

Find the value of x in the following quadrilateral.

Answers

Answer:

see below

Step-by-step explanation:

Because the sum of all angles in a quadrilateral is 360° we have:

90 + 101 + 12x + 3 + 9x - 2 = 360

21x + 192 = 360

21x = 168

x = 8°

Answer:

The value of x is 8.

Step-by-step explanation:

Given that total angles in a quadrilateral is 360°. So in order to find x, you have to add up all the angles together to make it equals to 360° :

[tex]101 + 12x + 3 + 9x - 2 + 90 = 180[/tex]

[tex]192 + 21x = 360[/tex]

[tex]21x = 360 - 192[/tex]

[tex]21x = 168[/tex]

[tex]x = 168 \div 21[/tex]

[tex]x = 8[/tex]

question 2 <><><><><><><><><><><>

Answers

Answer:

I deserve brainliest just as all good boys deserves fudgeeeeee

Step-by-step explanation:

v^2 = 25/81

v= the square root of 25/81 = 5/9

since that isn't a choise, don't simplify.

D works too  because negative x negative = positive

CCCCCCC

Answer:

C & D

Step-by-step explanation:

[tex]v^2=\frac{25}{81} \\v=\sqrt{\frac{25}{81}} , -\sqrt{\frac{25}{81}}[/tex]

Six times a number is greater than 20 more than that number. What are the possible values of that number?
N<4
N>4
N> 20/7
N<20/7

Answers

Answer:

N>4

Step-by-step explanation:

Plugin numbers based on your options. Just check if any number less than four fits, if not, next option. In this case if you plug in 4, 4 * 6 = 24 which is equal to 20 more than 4 which is 24. Since our option is N>4 we can try 5 which will work and so will every number after that.

A baker prepares a cake mix that weighs 120 pounds. The cake mix
consists of shortening and other ingredients. The weights of the other ingredients are, 20 1/2 pounds of flour, 29 3/4 pounds of sugar, 18 1/8 pounds of milk, 16 pounds of whole eggs, and a total of 5 1/4 pounds of flavoring, salt, and baking powder. How many pounds of shortening are used in this cake mix?

Answers

Answer:

30 3/8 pounds of shortening used.

Step-by-step explanation:

20 1/2 + 29 3/4 +18 1/8 + 16 + 5 1/4 = 89.625

120- 89.625 = 30.375 pounds

0.375 as a fraction = 3/8 + 30

Therefore the total shortening used = 30 3/8 pounds

How many pounds of shortening are used in this cake mix is maximum figure as we found exact 0.375

We can do this by multiplying the 0.375 x 2 = 0.750  = 3/4

Then counteracting 4 = 1 to 8 = 1 and keeping the top fraction.

1/2 of 3/4 = 3/8

3/8 x 2 = 0.75

0.75 /2 = 0.375

In the triangle below. 15 represents which ratio?
А
15
B
00
17
C
o tan
O tano
sin B
COS

Answers

Answer:

tanB

Step-by-step explanation:

In the picture attached, the question is shown.

By definition:

tan(β) = opposite/adjacent

From the picture, for angle B the opposite side measure 8 units and the adjacent side measures 15 units. Replacing into the equation:

tan(B) = 8/15

A photograph measures 8 1/2 inches by 5 3/4 inches. Find its area.

Answers

Answer:

48 7/8

I hope this helps.

Answer:

Step-by-step explanation:

48 7/8

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