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Alex17521 [72]
2 years ago
13

Ed Sloan invests $1,600 at the beginning of each year for eight years into an account that pays 10% compounded semiannually. The

value of the annuity due is (use the tables in the handbook):
Mathematics
2 answers:
allochka39001 [22]2 years ago
7 0
FV=PV(r+1)ⁿ
FV=Future value, or your amount of money you're going to have after 8 years.
PV=Present value, or the amount of money you have just invested.
APR=10
FV=1,600(10+1)¹⁶
FV=1,600(11)¹⁶
FV=1,600(176)
FV=$281,600
Zina [86]2 years ago
4 0

Answer:

The answer is: $39,748.80

Step-by-step explanation:

The principle amount is p = $1600  

rate is 10% or 0.10 but as its compounded semiannually it becomes,

\frac{0.10}{2} = 0.05  

n = 8\times 2 =16

Formula is :

p\frac{(1+r)^{n}-1 (1+r)}{r}

Putting values in formula we get

\frac{1600(1+0.05)^{16}-1(1+0.05) }{0.05}

\frac{1600(1.05)^{16}-1(1.05) }{0.05}

\frac{1600*(2.183-1)(1.05)}{0.05} = 39748.80

The value of the annuity due is $39,748.80

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sergij07 [2.7K]

Answer:

The value of x that gives the maximum transmission is 1/√e ≅0.607

Step-by-step explanation:

Lets call f the rate function f. Note that f(x) = k * x^2ln(1/x), where k is a positive constant (this is because f is proportional to the other expression). In order to compute the maximum of f in (0,1), we derivate f, using the product rule.

f'(x) = k*((x^2)'*ln(1/x) + x^2*(ln(1/x)')) = k*(2x\,ln(1/x)+x^2*(\frac{1}{1/x}*(-\frac{1}{x^2})))\\= k * (2x \, ln(1/x)-x)

We need to equalize f' to 0

  • k*(2x ln(1/x) - x) = 0 -------- We send k dividing to the other side
  • 2x ln(1/x) - x = 0 -------- Now we take the x and move it to the other side
  • 2x ln(1/x) = x -- Now, we send 2x dividing (note that x>0, so we can divide)
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Thus, the value of x that gives the maximum transmission is 1/√e.

7 0
2 years ago
A shoe manufacture reported earnings of -$453,000 for 2012. In 2013 the company reported earnings of $813,000, and in 2014 the c
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1 year ago
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A city water department is proposing the construction of a new water pipe, as shown. the new pipe will be perpendicular to the o
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4 0
1 year ago
Allies plant has a height of 6meters. Radon’s plant grows 3/10 meters higher. How high does radon’s plant grow
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The height of Radon plant is 6.3 meters

<em><u>Solution:</u></em>

Given that, Allies plant has a height of 6 meters

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From given information,

Height of Allies plant = 6 meters

Height of radon plant = \frac{3}{10} + Height of Allies plant

Substituting the known value,

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7 0
2 years ago
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Answer:

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