You want to have $25,000 saved 6 years from now to buy a house. how much less do you have to deposit today to reach this goal if you can earn 5.5 percent rather than 5 percent on your savings? today's deposit is the only deposit you will make to this savings account this problem requires solving for

Answers

Answer 1
To find the present value the formula is
P=A÷(1+r)^t
P present value
A future value 25000
R interest rate
T time 6

So we need to find the present value once at 5.5% and the present value 5%

At 5.5% the present value is
P=25,000÷(1+0.055)^(6)=18,131.15

At 5% the present value is
p=25,000÷(1+0.05)^(6)=18,655.38

The difference
18,655.38−18,131.15=524.24

Answer 2
Final answer:

By moving from a 5% interest rate to a 5.5% interest rate, you would need to deposit $372.84 less today for your savings goal of $25,000 in 6 years.

Explanation:

When planning for a savings goal, we use the formula for the future value of a single amount which is FV = PV * [tex](1 + r)^n[/tex], where PV is the present value or the amount you need to deposit today, FV is the future value or the goal of $25,000, r is the interest rate, and n is the number of years.

First, let's calculate how much you need to deposit today with an interest rate of 5% (r = 0.05), the formula will be rearranged to solve for PV which is PV = FV / [tex](1 + r)^n[/tex]:

PV = 25000 / [tex](1 + 0.05)^6[/tex] = $18724.08

Next, calculate the deposit for an interest rate of 5.5% (r = 0.055) using the same formula:

PV = 25000 / [tex](1 + 0.055)^6[/tex] = $18351.24

The difference between these two amounts is $18724.08 - $18351.24 = $372.84.

So, with an interest rate of 5.5% rather than 5%, you would need to deposit $372.84 less today to reach your goal of $25,000 in 6 years.

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Related Questions

A cube is packed with decorative pebbles. If the cube has a side length of 6 inches, and each pebble weighs on average 0.5 lb per cubic inch, what is the total weight of the pebbles in the cube?

Answers

The volume of the cube is 6*6*6 (in cubed)=216 (in cubed).

    in 1 cubic inch, there is 0.5 lb of weight

so in 216 cubic inch, there are 216*0.5 lb = 108 lbs of weight  

Answer: 108 lbs

Answer: 108 lbs.

Step-by-step explanation:

Given : A cube is packed with decorative pebbles. If the cube has a side length of 6 inches.

Volume of cube = [tex](side)^3[/tex]

i.e. Volume of cube = [tex](6)^3=216\text{ cubic inches}[/tex]

Since , each pebble weighs on average 0.5 lb per cubic inch.

Then, the total weight of the pebbles in the cube will be

= 0.5 x Volume of cube

= [tex]0.5\times216=108\text{ lb}[/tex]

Hence,  the total weight of the pebbles in the cube =108 lbs.

The larger of two numbers is eight more than three times the smaller number.The sum of the two numbers is forty-eight.Find the two numbers.

Answers

let's say the numbers are "a" and "b".

now, let's say "b" is the larger one, so.. what's three times "a"? well, 3*a or 3a.  what's 8 more than that? well, 3a + 8.  Thus, b = 3a + 8

now, we know their sum is 48. thus

a  +  b = 48
a + (3a + 8) = 48   <------- solve for "a".

You received 1⁄3 pound of candy from your grandmother, 1⁄2 pound of candy from your sister, but your best friend ate 1⁄5 pound of candy. How much candy do you have left?

Answers

Final answer:

The total amount of candy left after adding the candy received from the grandmother and the sister, and subtracting the candy eaten by the friend, is approximately 0.63 pounds.

Explanation:

First, we add up the amounts of candy you received. You started with 1/3 pound from your grandmother and received an additional 1/2 pound from your sister, for a total of 5/6 pound of candy. However, because your friend ate some, we subtract 1/5 pound from this total. To do this, we need to convert all fractions to have a common denominator, which is 30 in this case. Therefore, 5/6 becomes 25/30, and 1/5 becomes 6/30. Subtraction gives us (25-6)/30 = 19/30 or approximately 0.63 pounds of candy left.

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BC is tangent to circle A at B and to circle D at C. What is AD to the nearest tenth?

Answers

Refer to the attached image. If we draw a line parallel to segment BC, and this line goes through point D, then we'll form the new point E. Point E is on segment AB.

The parallelogram EBCD parallelogram forms. In fact, this figure is actually a rectangle due to the right (90 degree) angles. By definition, the opposite sides are parallel. Consequently, the opposite sides are congruent.

So,
BC = ED = 24
EB = CD = 4

AE+EB = AB
AE+4 = 5
AE = 1

Note how triangle AED is a right triangle with the right angle at angle E.

We can use the pythagorean theorem to find x

a^2 + b^2 = c^2
1^2 + 24^2 = c^2
1 + 576 = c^2
577 = c^2
c^2 = 577
c = sqrt(577)
c = 24.0208

If we round to the nearest tenth, then we get 24.0 which is the final answer (so the answer is choice C)

Note: this is misleading as this implies that the hypotenuse is the same length as the leg, which is not the case. So this is one drawback to rounding. 

The City Housing Authority has received 75 applications from qualified applicants for ten low-income apartments. Five of the apartments are on the north side of town, and five are on the south side. If the apartments are to be assigned by means of a lottery, find the following probabilities. (a) A specific qualified applicant will be selected for one of these apartments. (Round your answer to three decimal places.) (b) Two specific qualified applicants will be selected for apartments on the same side of town. (Round your answer to five decimal places.)

Answers

You are given the City Housing Authority with 75 applications from qualified applicants for ten low-income apartments. Five of the apartments are on the north side of town, and five are on the south side. The condition is that the apartments are to be assigned by means of a lottery and the following questions were asked
(a) A specific qualified applicant will be selected for one of these apartments.
(b) Two specific qualified applicants will be selected for apartments on the same side of town. 

This problem is an example of combination of ways. There are 75C2 position pairs for a [articular pair of names to be placed in. About 5C2 of these position pairs are selected in the north and 5C2 are selected in the south. So the probability that a specific pair are both north or both south is

(5C2 + 5C2)/(75C2) = (10 + 10)/2775
= 4/555

A savings bank invests $58,800 in municipal bonds and earns 12% per year on the investment. How much money is earned per year?

Answers

To find the answer we simply have to find 12% of 58,800. So to do that, we can multiply it by .12

58,800 • .12 = 7,056

So $7,056 is earned per year
Answer: $58,000 = 12% = $65,856

In a kitchen there are four containers that can hold different quantities of water as shown in the figure below
1-(x-2) liters
2- x liters
3- (x+2)liters
4- (x+4) liters
How many liters of water can the four containers hold in all
X^4+4
2x+4
X^2+2x
4x+4

Answers

(x - 2) + x + (x + 2) + (x + 4) = 4x  + 4 <==
The answer is 4x + 4


Do the side lengths of 5, 6, and 8 form a Pythagorean triple?

Yes
No

Answers

Yes. The reason I know this to be true is I measured it out and it created a right triangle.

An employee earns $36 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. assume that the employee worked 60 hours during the week, and that the gross pay prior to the current week totaled $52,200. assume further that the social security tax rate was 6.0%, the medicare tax rate was 1.5%, and federal income tax to be withheld was $605.

Answers

$47680 is whatyou would get after all the tax has come out of $52,200

Answer:

An employee’s rate of pay is $36 per hour, with time and a half for all hours worked in excess of 40 during a week. The employee worked 48 hours during the week. The amount of the employee’s gross pay for the week is:

Step-by-step explanation:

A class has 6 boys and 15 girls
What is the ratio of the boys to girls

Answers

The ratio of boys to girls is 3/5.
6 ÷ 3 = 2
15 ÷ 3 = 5 

∴ Answer = 2:5

An item is regularly priced at
$80
. It is now priced at a discount of
85%
off the regular price. What is the price now?

Answers

85% = 0.85

1-0.85 = 0.15

80 x 0.15 = 12

the price now is $12

A copy machine makes 28 copies per minute. How long does it take to make 154 copies?

Answers

about 6 minutes. :) hope i helped
About 5.5 minutes to make 154 copies

The Rectangles are similar. Find the value of the variable (Picture Included)

Answers

6/14=x/20             cross multiply and get 14x=120           divide and get 8 2/30

X=8[tex] \frac{4}{7} [/tex]





Assume that two fair dice are rolled. First compute​ P(F) and then​ P(F|E). Explain why one would expect the probability of F to change as it did when we added the condition that E had occurred.

​F: the total is two

​E: an even
total shows on the dice

Compute​ P(F).

​P(F)equals=

 

nothing

​(Simplify your​ answer.)

Answers

Final answer:

In the process of calculating probabilities of events on a pair of dice, we found P(F), the probability of rolling a total of two, to be 1/36. P(E), the probability of rolling an even total, to be 1/2. However, when determining P(F|E), the probability of rolling a two given we've rolled an even total, the probability changes to 1/18 due to the reduced sample space.

Explanation:

The concepts involved in this question are related to probability, specifically the principles governing dice rolls. In this particular scenario, the events are rolling two dice and getting a total of two (Event F), and rolling an even total on the dice (Event E).

In this specific scenario, event F (the total is two) can only occur in one way - when both dice show 1. Since there are 36 potential outcomes when two dice are rolled (6 possibilities for the first die and 6 for the second), the probability of event F, P(F), is 1/36.

Event E (an even total) can occur in 18 ways (2,4,6 for the first die and 1,3,5 for the second or 1,3,5 for the first die and 2,4,6 for the second). So, P(E) = 18/36 = 1/2. However, when considering P(F|E) (the probability of event F given that event E has occurred), you need to adjust your consideration of 'total possibilities' based only on event E. Since P(E) = 1/2, your total possibilities now become 18. From these 18, only one will result in a total of two. Therefore, P(F|E) = 1/18.

Of course, there's different perspectives to consider how adding the condition that E had occurred would change the probability of event F. Essentially, by narrowing down the potential outcomes to only those that involve event E, you're working with a reduced sample space. This in turn affects the likelihood of event F occurring, hence the alteration in probability.

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1. Compare the strengths and weaknesses of the horizontal and vertical methods for adding and subtracting polynomials. Include common errors to watch out for when using each of these methods.

2. Explain why you cannot use algebra tiles to model the multiplication of a linear polynomial by a quadratic polynomial.

As an added challenge, develop a model similar to algebra tiles that will allow you to show this multiplication. Describe an example of your model for the product (x + 1)(x2 + 2x + 2).

3. Imagine that you are teaching a new student how to multiply polynomials. Explain how multiplying polynomials is similar to multiplying integers. Then describe the key differences between the two.

4. If you multiply a binomial by a binomial, how many terms are in the product (before combining like terms)? What about multiplying a monomial by a trinomial? Two trinomials?

Write a statement about how many terms you will get when you multiply a polynomial with m terms by a polynomial with n terms. Give an explanation to support your statement.

Answers

1.Each method works differently the angles inside them is what matters.

2.  Manipulating algebra tiles can help people solve linear equations

3.Distribute each term of the first polynomial to every term of the second polynomial. Remember that when you multiply two terms together you must multiply the coefficient (numbers) and add the exponents. But with Integers you multiply two integers with different signs

4.So you know how
A monomial is a number, a variable or a product of a number and a variable.


multiply each term in one polynomial by each term in the other polynomial

Examples:
[tex]3x2(4x2 – 5x + 7) –6xy(4x2 – 5xy – 2y2) (3x – 4y)(5x – 2y) (4x – 5)(2x2 + 3x – 6)[/tex]

Answer:

1.To add and subtract polynomials, the horizontal technique of deleting parenthesis, collecting like terms, and simplifying is the simplest. When there are negative terms, it gets more difficult since one must ensure that the term remains negative when gathering comparable terms. The vertical approach of building up a box and adding vertically takes longer to set up, but once completed, there is a clear depiction of where all of the similar terms are.

2.Because the product of a linear factor and a quadratic factor is a cubic product, algebra tiles cannot be used to simulate the multiplication of a linear polynomial by a quadratic polynomial.

3.Distribute the first polynomial's terms to the second polynomial's terms. When multiplying two terms together, remember to multiply the coefficients (numbers) and add the exponents. However, with Integers, you multiply two integers with opposite signs.

4.Before combining like terms, there will be four terms. When a monomial is multiplied by a trinomial, the result is six. There will be nine terms in two trinomials.

Step-by-step explanation:

You arrive in your history class today only to discover there is a pop quiz! You haven't studied and you aren't at all prepared. Fortunately, the quiz is multiple choice. Each question has five answer choices. You happen to have a die in your pocket. For each question you roll the die and answer A if the die shows 1, B if the die shows 2, etc, leaving the question blank if the die shows a six. For each question you are given one point if you answer it correctly and lose 1/4 point if you answer it incorrectly. You aren't penalized if you leave it blank, you just don't earn a point. What is the expected value for points earned on each question? Enter your answer as a decimal, rounded to two decimal places if necessary

Answers

The probability of getting a right answer is 1/6, with a value of 1.

The probability of getting a wrong answer is 4/6 with, a value of -1/4.

The probability of leaving a question empty is 1/6, with a value 0.

The Expected value is 

[tex]1* \frac{1}{6}+( -\frac{1}{4} )* \frac{1}{6}+( -\frac{1}{4} )* \frac{1}{6}+( -\frac{1}{4} )* \frac{1}{6}+( -\frac{1}{4} )* \frac{1}{6}+0* \frac{1}{6}[/tex]

[tex]= \frac{1}{6} +4( -\frac{1}{4} )* \frac{1}{6}=\frac{1}{6}-\frac{1}{6}=0[/tex]

the most efficient first step in the process to factor the trinomial 4x^3-20x^2+24x

A. Factor out -1

B. Factor out 4

C. Factor out 4x

D. Factor out (x-3)

Answers

factor out 4x <=====

find the slope of each line 5x-y=-7

Answers

y=5x+7

5x-y=-7
-5x    -5x
-------------
-y=-5x-7
---   ------
-1    -1
y=5x+7

A publishing company is going to have 24000 books printed. There are between 3 and 4 books out of every 3000 printed that will have a printing error. At this rate, which number could be the number of books that will have a printing error in the 24000

Answers

Given:

 

24,000 books

Between 3 and 4 books will have a printing error in every 3000 printed books

 

 

Find: in the 24000 books, the total number of books that will have a printing error

 

Solution:

 

Based from the given, we need to know how many sets of 3000 we

have in the 24000 books so:

 

24000 / 3000 = 8

 

Now, in each set of 3000 we have between 3 and 4 errors and we have 8 sets of 3000 books:

 

minimum errors 3 * 8 = 24

maximum errors 4 * 8 = 32

 

Therefore, at this rate, the number of books that will have a printing error in the 24000

will be between 24 and 32 or 24 < E < 32.

In 24,000 books, the number of printing errors could be between 24 and 32. This is calculated based on an error rate of 3 to 4 errors per 3,000 books.

To determine the number of printing errors in 24,000 books, we need to understand the error rate. The problem states that there are between 3 and 4 books with errors per 3,000 printed books.

First, find the range of error rates per 3,000 books:

Minimum errors: 3 errors per 3,000 booksMaximum errors: 4 errors per 3,000 books

Next, scale this up to 24,000 books:

Minimum errors: (3 errors/3,000 books) x 24,000 books = 24 errorsMaximum errors: (4 errors/3,000 books) x 24,000 books = 32 errors

Therefore, the number of books with printing errors in 24,000 books will be between 24 and 32.

Find the sum of the series. 1 + z/5 + z^2/25 + z^3.125

Answers

[tex]1+\dfrac z5+\dfrac{z^2}{25}+\dfrac{z^3}{125}+\cdots=\displaystyle\sum_{k=0}^\infty\left(\frac z5\right)^k[/tex]
[tex]=\dfrac1{1-\frac z5}=\dfrac5{5-z}[/tex]

provided that [tex]\left|\dfrac z5\right|<1\iff|z|<5[/tex].

Crestwood Paint Supply had a beginning inventory of 10 cans of paint at $25.00 per can. They purchased 20 cans during the month at $30.00 per can. They had an ending inventory valued at $500. How much paint in dollars was used for the month? A. $250 B. $1,350 C. $850 D. $350

Answers

Beginning inventory
10×25=$250
Purchase
20×30=$600

So
Beginning inventory 250
Add purchase 600
Less ending inventory 500
Material used. 350

The answer is 350

Find three real numbers​ x, y, and z whose sum is 6 and the sum of whose squares is as small as possible. g

Answers

We're minimizing [tex]x^2+y^2+z^2[/tex] subject to [tex]x+y+z=6[/tex]. Using Lagrange multipliers, we have the Lagrangian

[tex]L(x,y,z,\lambda)=x^2+y^2+z^2+\lambda(x+y+z-6)[/tex]

with partial derivatives

[tex]\begin{cases}L_x=2x+\lambda\\L_y=2y+\lambda\\L_z=2z+\lambda\\L_\lambda=x+y+z-6\end{cases}[/tex]

Set each partial derivative equal to 0:

[tex]\begin{cases}2x+\lambda=0\\2y+\lambda=0\\2z+\lambda=0\\x+y+z=6\end{cases}[/tex]

Subtracting the second equation from the first, we find

[tex]2x-2y=0\implies x=y[/tex]

Similarly, we can determine that [tex]x=z[/tex] and [tex]y=z[/tex] by taking any two of the first three equations. So if [tex]x=y=z[/tex] determines a critical point, then

[tex]x+y+z=3x=6\implies x=y=z=2[/tex]

So the smallest value for the sum of squares is [tex]2^2+2^2+2^2=12[/tex] when [tex](x,y,z)=(2,2,2)[/tex].
Final answer:

The numbers that fit the conditions of the question are x = 2, y = 2, and z = 2. This sums to 6 and minimizes the sum of their squares (12).

Explanation:

The subject of this problem involves real numbers and their sums and squares. The intention is to find three real numbers (x, y, and z) such that their sum equals 6, and the sum of their squares is minimized. By symmetry, it is preferable if these three numbers are equal. Therefore, x = y = z = 6/3 = 2 is the optimal solution.

So the three real numbers are x = 2, y = 2, and z = 2, which sum to 6 and the sum of their squares is as small as possible (12).

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Sam took his family to the zoo. An adult's ticket is two times the cost of a child's ticket. The total cost for two adults' tickets and three children's tickets was $28. How much do the tickets cost? A. Child's ticket = $5.60, adult's ticket = $11.20 B. Child's ticket = $2, adult's ticket = $4 C. Child's ticket = $4, adult's ticket = $8 D. Child's ticket = $7, adult's ticket = $14 \

Answers

2a + 3c = 28
a = 2c

2(2c) + 3c = 28
4c + 3c = 28
7c = 28
c = 28/7
c = 4 <== childs ticket

a = 2c
a = 2(4)
a = 8 <== adults ticket
is c the reason is 4x3=12 8x2=16 12+16=28

Which transformations could be preformed to show that ABC is similar A"B"C"?

Answers

Last one:

rotation of 180 degrees, and then make it 1/3 (dilation)

On which number line do the points represent negative seven and one over two and +1?

Answers

A number line is used in the mathematical positioning of real numbers that include the numbers from positive infinity to negative infinity. This includes rational, irrational, fractions, and whole numbers. In this case, we are given with an expression that we have to reduce to lowest terms: negative seven and one over two and +1. The first one is equal to -7.5 while the other one is equal to +1. Positive numbers lie on the right side of zero (center of the line) while negative numbers lie on the left on the other hand. -7.5 lies between -8 and -7 while +1 lies exactly between 0 and 2. Both of which are positive numbers. 

Answer:

d

Step-by-step explanation:

A test consists of 20 problems and students are told to answer any 10 of these questions. In how many different ways can they choose the 10 questions?

Answers

We must find UNIQUE combinations because choosing a,b,c,d... is the same as d,c,b,a...etc.  For this type of problem you use the "n choose k" formula...

n!/(k!(n-k)!), n=total number of choices available, k=number of choices made..

In this case:

20!/(10!(20-10)!)

20!/(10!*10!)

184756

Answer:  The required number of ways is 184756.

Step-by-step explanation:  Given that a test consists of 20 problems and students are told to answer any 10 of these questions.

We are to find the number of different ways in which the students choose 10 questions.

We know that

the number of ways in which r things can be chosen from n different things is given by

[tex]N=^nC_r.[/tex]

Therefore, the number of ways in which students chose 10 questions from 20 different questions is given by

[tex]N\\\\=^{20}C_r\\\\\\=\dfrac{20!}{10!(20-10)!}\\\\\\=\dfrac{20\times19\times18\times17\times16\times15\times14\times13\times12\times11\times10!}{10!\times 10\times9\times8\times7\times6\times5\times4\times3\times2\times1}\\\\\\=184756.[/tex]

Thus, the required number of ways is 184756.

Write the quadratic function in the form f (x)= a ( x - h) ^2 + k . Then, give the vertex of its graph. f (x) = -3x ^2 + 18x - 25
Writing in the form specified:f (x) = _______________
Vertex: (_, _)

Answers

y=-3x^2+18x-25 move constant to other side

y+25=-3x^2+18x  make leading coefficient 1 by dividing every thing by -3

(y+25)/-3=x^2-6x  halve the linear coefficient, square it, add it to both sides...ie (-6/2)^2=9, so add 9 to both sides

(y+25-27)/-3=x^2-6x+9  now the right side is a perfect square

(y-2)/-3=(x-3)^2  now multiply both sides by -3

y-2=-3(x-3)^2  add 2 to both sides

y=-3(x-3)^2+2

f(x)=-3(x-3)^2+2

So the vertex here is an absolute maximum for the parabola as anything squared and then multiplied by a negative will decrease the value of y.

So the absolute maximum for f(x) occurs at the vertex (3, 2)

Find f. (use c for the constant of the first antiderivative and d for the constant of the second antiderivative.) f ''(x) = 12x + sin x

Answers

[tex]f''(x) = 12x + sinx[/tex]
[tex]\text{Integrating f''(x), we get: }f'(x) = 6x^{2} - cosx + C[/tex]
[tex]\text{Integrating f'(x), we get: } f(x) = 2x^{3} - sinx + Cx + D[/tex]

Which set of coordinates, when paired with (-3, -2) and (-5, -2), result in a square?

Answers

The answers are (-3, -4) and (-5, -4).

An aquarium 7 m long, 1 m wide, and 1 m deep is full of water. find the work needed to pump half of the water out of the aquarium. (use 9.8 m/s2 for g and the fact that the density of water is 1000 kg/m3.) show how to approximate the required work by a riemann sum. (let x be the height in meters below the top of the tank. enter xi* as xi.) lim n → ∞ n i = 1 δx express the work as an integral. 0 dx evaluate the integral. j

Answers

Final answer:

The work needed to pump out half the water from the given aquarium is 17,150 Joules. This is determined by applying physical principles to calculate the mass of the water, the effect of gravity, and using an integral to find the total work done against gravity.

Explanation:

The student is asking about the work required to pump half of the water out of an aquarium with dimensions 7 m long, 1 m wide, and 1 m deep using physics concepts involving work, force, and Riemann sums. To approach this problem, we must consider the work done against gravity to move the water from its initial position to the top of the aquarium. The density of water (ρ) is 1000 kg/m³, and the acceleration due to gravity (g) is 9.8 m/s².

First, calculate the volume of water to be pumped out, which is half the aquarium volume: V = ½ × 7 m × 1 m × 1 m = 3.5 m³. Convert this volume to mass using the density of water, m = ρV = 1000 kg/m³ × 3.5 m³ = 3500 kg.

The work done to pump out half the water can be calculated using the concept of the center of mass of the water being lifted, which is at a height h/2 from the top of the water when the tank is half full, where h is the depth of the tank. Therefore, the work is W = mgh/2 = 3500 kg × 9.8 m/s² × 0.5 m = 17150 J.

To approximate the required work using a Riemann sum, consider the small amount of work to lift a thin layer of water δx from a depth x to the top of the tank, dW = ρgAdx(x), where A is the area of the tank's surface. We set up the integral ∫ W = ρgA ∫ xdx from 0 to h/2, and find the limit as the number of partitions goes to infinity. The integration gives us the same work W = 17150 J.

Other Questions
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