All categories

1 year ago

You plan to accumulate 100,000 at the end of 42 years by making the follow-

Mathematics

1 answer:

Mariana [72]1 year ago

7 0

Answer:

Y = 479.17

Step-by-step explanation:

At the end of year 14, the balance from the deposits of X can be found using the annuity due formula:

A = P(1+r/n)((1 +r/n)^(nt) -1)/(r/n)

where P is the periodic payment, n is the number of payments and compoundings per year, t is the number of years, and r is the annual interest rate.

A = X(1.07)(1.07^14 -1)/0.07 ≈ 24.129022X

This accumulated amount continues to earn interest for the next 28 years, so will further be multiplied by 1.07^28. Then the final balance due to deposits of X will be ...

Ax = (24.129022X)(1.07^28) = 160.429967X

The same annuity due formula can be used for the deposits of Y for the last 10 years of the interval:

Ay = Y(1.07)(1.07^10 -1)/.07 = 14.783599Y

Now we can write the two equations in the two unknowns:

Ax +Ay = 100,000

X - Y = 100

From the latter, we have ...

X = Y +100

So the first equation becomes ...

160.429967(Y +100) +14.783599Y = 100000

175.213566Y +16,043.00 = 100,000

Y = (100,000 -16,043)/175.213566 ≈ 479.17

Y is 479.17

You might be interested in

A college student is interested in testing whether business majors or liberal arts majors are better at trivia. The student give

attashe74 [19]

Answer:

There is no significant difference between the two averages at 5% level

Step-by-step explanation:

Given that a a college student is interested in testing whether business majors or liberal arts majors are better at trivia.

The student gives a trivia quiz to a random sample of 30 business school majors and finds the sample’s average test score is 86. He gives the same quiz to 30 randomly selected liberal arts majors and finds the sample’s average quiz score is 89

Thus he has done a hypothesis testing for comparison of two means of different subjects. n =30

$H_0: Mean of business majors = Mean of liberal arts majos\\H_a:Mean of business majors \neq Mean of liberal arts majos$

Since which is better is not claimed we use two tailed test here

We find that p value $= 0.0524 >5%$ our alpha

Since p >alpha, we find that there is no significant difference between the averages of these two groups and null hypothesis is accepted

4 0

2 years ago

Which values represent the independent variable?

Sergeu [11.5K]

Answer:

Step-by-step explanation:

Traditionally, the y-value is the independent variable, while the x-value is the dependent variable.

5 0

2 years ago

Body armor provides critical protection for law enforcement personnel, but it does affect balance and mobility. The article "Imp

yKpoI14uk [10]

Answer:

No, there is not enough evidence to support the claim that true average task time with armor is less than 2 seconds.

Step-by-step explanation:

This is a hypothesis test for the population mean.

The claim is that true average task time with armor is less than 2 seconds.

Then, the null and alternative hypothesis are:

$H_0: \mu=2\\\\H_a:\mu< 2$

The significance level is 0.01.

The sample has a size n=52.

The sample mean is M=1.95.

As the standard deviation of the population is not known, we estimate it with the sample standard deviation, that has a value of s=0.2.

The estimated standard error of the mean is computed using the formula:

$s_M=\dfrac{s}{\sqrt{n}}=\dfrac{0.2}{\sqrt{52}}=0.028$

Then, we can calculate the t-statistic as:

$t=\dfrac{M-\mu}{s/\sqrt{n}}=\dfrac{1.95-2}{0.028}=\dfrac{-0.05}{0.028}=-1.803$

The degrees of freedom for this sample size are:

$df=n-1=52-1=51$

This test is a left-tailed test, with 51 degrees of freedom and t=-1.803, so the P-value for this test is calculated as (using a t-table):

$P-value=P(t$

As the P-value (0.039) is bigger than the significance level (0.01), the effect is not significant.

The null hypothesis failed to be rejected.

There is not enough evidence to support the claim that true average task time with armor is less than 2 seconds.

3 0

1 year ago

The height of two similar pails are 12cm and 8cm.The larger pail can hold 2litres. What is the capacity of the smaller pail?

Vedmedyk [2.9K]

Answer:

1.33 liters

Step-by-step explanation:

Volume of any shape is given by cross sectional area multiplied by height. Therefore, V=Ah

Where A is area and h is height

Since their cross sections are the same, then volume depends on height.

If 12cm equals 2 liters

8cm equals x

X=(2*8)/12=1.3333333333333 liters

Approximayely, the smaller pail has capacity of 1.33 liters

7 0

2 years ago

Which graph could represent a car that begins by increasing its speed, then travels at a constant speed, and then decreases its

Savatey [412]

The graph would almost look like this

8 0

2 years ago

Read 2 more answers