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lutik1710 [3]
1 year ago
12

Sara is the recipient of a trust that will pay her $500 on the first day of each month, starting immediately and continuing for

40 years. What is the value of this inheritance today if the applicable discount rate is 7.3 percent, compounded monthly
Mathematics
1 answer:
shusha [124]1 year ago
3 0

Answer:

The value of this inheritance is $78,192.28

Step-by-step explanation:

The monthly payments Sara will receive  starting today for next 40 years is $500.

Annual Interest Rate = 7.3%

Monthly Interest Rate = Annual Interest Rate/12

                                    =7.3/12

Monthly Interest Rate = 0.6083%

Present Value = $500 + $500/1.006083 + $500/1.006083^2 + $500/1.006083^3 + ... + $500/1.006083^479

Present Value = $500 * 1.006083 * (1 - (1/1.006083)^480) / 0.006083

Present Value = $500 * 156.39156

Present Value = $78,192.28

Thus, the value of this inheritance is $78,192.28

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A sample of 2,000 licensed drivers revealed the following number of speeding violations. Number of Violations Number of Drivers
Arturiano [62]

Answer:

The probability that a particular driver had exactly two speeding violations is 0.009.

Step-by-step explanation:

We are given that a sample of 2,000 licensed drivers revealed the following number of speeding violations;

           <u>Number of Violations</u>               <u>Number of Drivers</u>

                         0                                              1,910

                          1                                                46

                         2                                                 18

                         3                                                 12

                         4                                                  9

                         5 or more                             <u>       5      </u>

                        <u>Total</u>                                      <u>    2000  </u>

<u />

Now, the data means that 1,910 drivers had 0 speeding violations and so on.

Now, we have to find the probability that a particular driver had exactly two speeding violations, that means;

Number of drivers having exactly two speeding violations = 18

 Total numbers of drivers = 2000

So, the required probability  =  \frac{\text{No. of drivers having two speeding violations}}{\text{Total no. of drivers}}

                                               =  \frac{18}{2000}  =  <u>0.009</u>

6 0
1 year ago
3 lines are shown. A line with points M, H, K intersects with a line with points J, H, L at point H. Another line extends from p
otez555 [7]

Answer:

Option B.

Step-by-step explanation:

Given information: ∠MHL=(3x+20), ∠KHN=(x+25), and ∠JHN=(x+20).

We need to find the measure of ∠JHN.

\angle MHL=\angle JHK                         (Vertical opposite angles)

\angle MHL=\angle JHN+\angle KHN

Substitute the given values.

3x+20=(x+20)+(x+25)

3x+20=2x+45

3x-2x=45-20

x=25

The value of x is 25. So, the measure of ∠JHN is

\angle JHN=x+20=25+20=45

The measure of ∠JHN is 45°.

Therefore, the correct option is B.

9 0
2 years ago
Read 2 more answers
Please answer this I really need help, Ariel spent a total of $3.42 buying dried apricots from the bulk bins, which were on sale
Kamila [148]

Answer:

1.2 lbs

Step-by-step explanation:

This problem is set up so that the total price is proportional to the price per pound, so to find the proportion you would divide the total cost by the cost per pound. 3.42/2.85 = 1.2, so the answer is 1.2 pounds.

5 0
1 year ago
From home, Mary’s work is two thirds along the way to training. Training is 2.5km from work. Mary normally goes to work, then tr
polet [3.4K]
First thing to do is to illustrate the problem, Since it was mentioned that work was along the way to training, the order is shown in the picture. Mary's home and workplace are nearer compared to her training center. It is also mentioned that the distance between work and home, denoted as x, is 2/3 of the total distance from home to training. The total distance is (x + 2.5). Thus,

x = 2/3(x+2.5)
x = 2/3 x + 5/3
1/3 x = 5/3
x = 5 km

Thus, the distance from home to work is 5 km. This means that Mary has to walk this distance twice to return home to get her shoes. Then, she will travel again the total distance of 5+2.5 = 7.5 km to get to her training center. So,

Total distance = 2(5km) + 7.5 km
Total distance = 17.5 km

3 0
1 year ago
Fruit juice comes in two types of containers. The first is a rectangular prism that is 9 inches tall and has a rectangular base
My name is Ann [436]

The volume of a rectangular prism:

V_p=Bh\\\\B=wl\\\\w=2\ in;\ l=3\ in;\ h=9\ in

substitute

V_p=2\cdot3\cdot9=54\ in^3

The volume of a cylinder:

V_c=\pi r^2h\\\\r=1.5\ in;\ h=8\ in

substitute:

V_c=\pi\cdot(1.5)^2\cdot8=\pi\cdot2.25\cdot8=18\pi\ in^3\approx18\cdot3.14=56.52\ in^3

Answer: C. The cylinder has the greater volume.

3 0
1 year ago
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