A sinking fund is established to discharge a debt of $20,000 in 15 years. If deposits are made at the end of each 6-month period and interest is paid at the rate of 5%, compounded semiannually, what is the amount of each deposit? (Round your answer to the nearest cent.)

Answers

Answer 1

Answer:

the amount of each deposit is $45,555

Step-by-step explanation:

The computation of the each deposit is shown below:

Given that

Future value be $20,000

Time period = 15 × 2 = 30

And, the rate = 5% ÷ 2 = 2.5%

Now the formula is as follows

= (Future value × rate of interest) ÷ (1 + rate of interest)^time period - 1

= ($20,000 × 2.5) ÷ (1 + 0.025)^30 - 1

= $50,000 ÷ 1.0975675791

= $45,555

Hence, the amount of each deposit is $45,555


Related Questions

The angle between a diagonal and the longer base of the isosceles trapezoid MNFD is 45°. NK is an altitude to the longer base. If MD = 9 and NF = 5, find:
- NK
- MK
- MF
- [tex]A_{AMNFD}[/tex]

Answers

Answer:

[tex]NK \approx 7.001[/tex], [tex]MK = 2[/tex], [tex]MF \approx 7.001[/tex], [tex]A_{AMNFD} = 49.007[/tex]

Step-by-step explanation:

According to the statement, we find the following inputs:

[tex]\angle MDK = \angle DMF = 45^{\circ}[/tex] (Due to the condition of isosceles trapezoid)

[tex]MD = 9[/tex]

[tex]NF = 5[/tex]

Given than longer base and shorter base are parallel to each other, we conclude that:

[tex]\angle KND = 180^{\circ} -\angle NKD - \angle KDN[/tex]

[tex]\angle KND = 180^{\circ}-90^{\circ}-45^{\circ}[/tex]

[tex]\angle KND = 45^{\circ}[/tex]

[tex]\angle FND = 90^{\circ}-\angle KND[/tex]

[tex]\angle FND = 45^{\circ}[/tex] (By definition of complementary angles)

[tex]\angle FND = \angle NFM = 45^{\circ}[/tex] (Due to the condition of isosceles trapezoid)

[tex]\angle MDK = \angle DMF = \angle FND = \angle NFM = 45^{\circ}[/tex]

[tex]\angle NOF = \angle MOD = \angle MOF = \angle FOD = 90^{\circ}[/tex] (By definitions of complementary and vertical angles and the theorem that states that sum of internal angles within a triangle equals 180º)

[tex]MO = DO = \frac{\sqrt{2}}{2}\cdot MD[/tex] (By theorem for 45-45-90 Right Triangle)

[tex]NO = OF = \frac{\sqrt{2}}{2}\cdot NF[/tex] (By theorem for 45-45-90 Right Triangle)

If we know that [tex]MD = 9[/tex] and [tex]NF = 5[/tex], then we find that:

[tex]DO = MO \approx 6.364[/tex]

[tex]NO = OF \approx 3.536[/tex]

The value of MK is obtained from the following relationship:

[tex]MK = \frac{MD-NF}{2}[/tex]

[tex]MK = \frac{9-5}{2}[/tex]

[tex]MK = 2[/tex]

And the value of KD is calculated from this expression:

[tex]KD = MD-MK[/tex]

[tex]KD = 9-2[/tex]

[tex]KD = 7[/tex]

Now by the Pythagorean Theorem we find that:

[tex]NK = \sqrt{(NO+DO)^{2}-KD^{2}}[/tex]

[tex]NK = \sqrt{9.9^{2}-7^{2}}[/tex]

[tex]NK \approx 7.001[/tex]

And considering the symmetry characteristics of an isosceles trapezoid, we determine MF:

[tex]MF = NO + DO \approx 7.001[/tex]

Lastly, the area of the isosceles trapezoid is determined by the following formula:

[tex]A_{AMNFD} = NF\cdot NK + MK\cdot NK[/tex]

[tex]A_{AMNFD} = NK\cdot (NF+MK)[/tex]

If we know that [tex]NK \approx 7.001[/tex], [tex]NF = 5[/tex] and [tex]MK = 2[/tex], then the area of the figure is:

[tex]A_{AMNFD} = (7.001)\cdot (5+2)[/tex]

[tex]A_{AMNFD} = 49.007[/tex]

The length of a rectangle is 4 inches greater than the width. The perimeter of the rectangle is 24 inches. What are the dimensions of the rectangle

Answers

Answer:

L=8, W=4

Step-by-step explanation:

2L+2W=p

2(4)+2(8)=p

8+16=24

Answer:

length = 8 in.; width = 4 in

Step-by-step explanation:

What is the result when you change the line y = 6/5 x + 2 to
Ax + By + C = 0 form?

Answers

Answer:

14x+7y=-214x+7y=−2

Step-by-step explanation:

I think that can help :) wanna chat add me as  friend

what's the exact length of the segment​

Answers

Answer:

√13

Step-by-step explanation:

length √(2^2+3^2)=√13.

19 - 4x + 15x.

Please Help And Explain How To Do This.

Answers

Answer:

Step-by-step explanation:

19-4x+15x  combine like terms

19+11x

Need help with this question, Its geometry

Answers

Answer:

B. FE=40

Step-by-step explanation:

A. correct because FE = 58  6(8)+10=58

C. correct because 6(8)+10=40

D. correct because DF= 40  8(8)-24=40

What is mZCAD?
O 80°
O 20°
O 80°
O 100°
O 110°

Answers

Answer:

The angle of CAD is 100°.

Step-by-step explanation:

Given that total angles in a triangle is 180° so you will have to find the angle of CAB :

∠CAB + ∠ACB + ∠ABC = 180°

∠CAB + 80° + 20° = 180°

∠CAB + 100° = 180°

∠CAB = 180° - 100°

∠CAB = 80°

Next, you have to subtract it from 180° because straight line have a degree of 180°

∠CAD = 180° - 80°

∠CAD = 100°

What is 78/100 in standard form

Answers

Answer:

0.78 x 10^ 0

Step-by-step explanation:

4b
6c for b = (-3) and c = 5

Answers

Answer:

Today: Friday, 06 November 2020

Hour: 10.15 WIB (Indonesia)

_______________________________

so,

6c = 6 × 5 = 30

4b = 4 × (-3) = -12

Example:

4b - 6c

= 4(-3) - 6(5)

= -12 - 30

= - 42

4b + 6c

= 4(-3) + 6(5)

= -12 + 30

= 18

ILL MARK U BRAINLIEST IF U EXPLAIN!!

Answers

Answer:

93

Step-by-step explanation:

the total of all those are 150 so if you multiply it by three you get 450

so multiply pizza by three too

to get 93

Answer:

93 students

Step-by-step explanation:

You first need to add up all the numbers on the chart, 36 + 29 + 54 + 31. You would then get 150. Divide 450 / 150 = 3. You multiply the amount of students chose pizza by 3 and you get 93. 31 * 3 = 93.

Therefore, 93 students would say pizza is there favorite food.

Hope this helps :)

5 (2k - 8 ) - 15 = -25
how do I solve this?

Answers

Answer:

3=k

5(2k-8)-15=-2510k-40-15=-2510k-55=-2510k=-25+5510k=3030÷103=k

A taxi charges a flat fee of $2 and $0.75 per mile.
Angela can spend no more
than $20. How many miles
can she travel in the taxi?

Answers

Answer:

She can travel 7 miles in the taxi.

Step-by-step explanation:

2.75×7=19.25

can someone graph y=x+4 i hate khan academy

Answers

Answer:

I hope this is good enough:

Step-by-step explanation:

I dis graph it just use demo's graphing system.

√-125 Help what is the equal to

Answers

Answer:

Evaluation: √2

Simplified: |-2|+2

Hope this helps!

Answer:

11.18033989

Step-by-step explanation:

Help i give Brainest A metro car in New Orleans travels 4 miles in 3 minutes. If the relationship between distance, in miles, and time, in minutes, of the metro car is proportional which equation represents the relationship between distance, d, and time, t? i

Answers

This is a physics question, not mathematics.

Answer: v = d/t (speed = distance/time) is the equation that represents relationship between distance and time

Help me answer the question please

Answers

This is tough question indeed sir

Answer:

A

Step-by-step explanation:

4x - 2 and 3x + 6 are alternate angles and congruent, thus

4x - 2 = 3x + 6 ( subtract 3x from both sides )

x - 2 = 6 ( add 2 to both sides )

x = 8

Find the equation of the line shown.

Answers

Answer:

4y + x = 8

Step-by-step explanation:

firstly, we choose any 2 points on the line

point 1 = (0,2)

point 2 = (4,1)

x1 = 0, x2 = 4

y1 = 2, y2 = 1

from,

[tex] \dfrac{y2 - y1}{x2 - x1} = \dfrac{y- y1}{x- x1} [/tex]

[tex] \dfrac{1 - 2}{4 - 0} = \dfrac{y- 2}{x- 0} [/tex]

[tex] \dfrac{ - 1}{4} = \dfrac{y- 2}{x- 0} [/tex]

Cross multiplying,

-1(x) = 4(y - 2)

-x = 4y - 8

4y + x = 8

Midpoint (24,-20), endpoint (16,-17)

Answers

Answer:

Endpoint = (32,-23)

Step-by-step explanation:

end point = (16,-17)

midpoint = 24,-20)

other point = (x,y)

(x + 16)/2 = 24

x + 16 = 24 * 2

x + 16 = 48

x + 16-16 = 48-16

x = 32

======================

(y - 17/2 = - 20

y - 17 = - 20 * 2

y - 17 = - 40

y - 17+17 = - 40 + 17

y = - 23

I NEED HELP WITH THIS PLZ HELP ME WITH MATH! I"M GIVING 20 points for someone who answers it. PLZ HELP ME WITH MATH!

Answers

This is the answerrrrr

Answer:   [tex]\frac{x^8}{256y^{20}}[/tex]

If the font is too small, it says x^8 all over top 256y^20 as one big fraction.

========================================================

Work Shown:

[tex]\left(\frac{5x^3}{20xy^5}\right)^4\\\\\\\left(\frac{x^2}{4y^5}\right)^4\\\\\\\frac{\left(x^2\right)^4}{(4^1)^4\left(y^5\right)^4}\\\\\\\frac{x^{2*4}}{4^{1*4}y^{5*4}}\\\\\\\frac{x^{8}}{4^{4}y^{20}}\\\\\\\frac{x^{8}}{256y^{20}}\\\\\\[/tex]

A right triangle has leg lengths of 3.4 cm and 6.7 cm. Which answer below shows the length of the triangle’s hypotenuse rounded to the nearest tenth? A. 8.5 cm B. 7.5 cm C. 5.5 cm D. none of the above

Answers

Answer:

The answer is B

Step-by-step explanation:

Jackson bought a new computer for $800. He put $135 down and got a student discount of $55 his mom gave him half of the balance for his birthday. How much does Jackson still owe for the computer?

Answers

Answer:

Learn vocabulary, terms, and more with flashcards, games, and other study tools. ... The Fee that a driver pays to have automobile insurance is called a ... She receives 7% on her first $1,000 in sales and 15% on the balance of her sales. ... The Jackson's sublet their summer cottage during the winter and spring months.

Step-by-step explanation:

2j^3-8j^2 please help ​

Answers

Answer:

Your answer is:  [tex]2j^{2}(j-4)[/tex]

Factor [tex]2j^{2}[/tex]out of [tex]2j^{3} -8j^{2}[/tex]

Step-by-step explanation:

Hope this helped : )

In order to find a constant rate of change, the function must be linear.
True or False?

Answers

TRUE, a linear function has a constant rate of change while a non-linear does not.

The printed price of a DVD player is $30. If the buyer pays a sales tax of 8%, find the price at which the
DVD player is sold?

Answers

Answer:

It was sold at $32.40.

Step-by-step explanation:

hope this helpss :))

Marco is discussing how prices have changed with his son, Paul. Paul does not believe him, so they decide to research the price of their favorite food items. Use the information below to determine the percent change in the question below. Round your answers to nearest tenths place.

What is the percent of change in the cost of a hot dog? il mark you brainly

Answers

Answer:

devide them by each other and then when it is deamal form put it in %

:)

Step-by-step explanation:

Brainliest plz

Answer:

Cost of the Pizza is 20%

Cost of the Cheeseburger is 30%

Cost of the Fries is 125%

Step-by-step explanation:

Marcelle claims that both these functions have the same discriminant.
Do you agree with Marcelle?
If you do, what is the value
of the discriminant?
If you disagree, explain why?

Answers

Answer:

Yes because they both only have one zero so the discriminant for both is 0

Step-by-step explanation:

explanation above lol

The two functions have the same discriminant b² - 4a = 0.

What is a quadratic equaton?

A quadratic equation is an algebraic expression in the form of variables and constants.

A quadratic equation has two roots as its degree is two.

We know, Discriminant in a quadratic equation ax² + bx + c is, b² - 4ac.

Now, From the graph the discriminant and properties here,

D = 0 as the vertex of the parabola intersect only at one point.

b² - 4ac = 0.

The blue graph intersects at (2, 0) and the red graph intersects at (- 2, 0).

So, they have the same discriminant.

learn more about quadratic equations here :

https://brainly.com/question/30098550

#SPJ2

A grocery store sells a bag of 6 oranges for $3.90. What is the unit cost?
Pls Answer and I shall give u a- Thank You - Vielen Dank

Answers

Answer:

it would be 0.64

Step-by-step explanation:

What are the first three terms of the Arithmetic Sequence an = 11 – 3(n – 1)?

Answers

Answer:First three terms: 11,20,29 .

Step-by-step explanation:

Write a systems of equations. tn=a+(n−1)d. sn=n2 (2a+(n−1)d). So,. 110=11+(n−1)d 726=n2(22+(n−1)d).

I hope this is right

The selling price of an item is Rs 194. If the loss is 3 %, find the cost price

Answers

Answer:

188.88

Step-by-step explanation:

ratios that are equivalent to 40:28

Answers

Answer:

10:7

Step-by-step explanation:

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