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Zanzabum
1 month ago
5

Joey is planning to invest his savings in a fixed income fund. He manages to deposit $700 at the end of the first year, $500 at

the end of the second year, $300 at the end of the third year, and $600 at the end of the fourth year. If the fund earns 6 percent interest each year, the terminal value of this uneven cash flow stream at the end of Year 4 is _____.
Mathematics
1 answer:
tester [12.3K]1 month ago
8 0
The final amount comes to $2313.51. Explanation: We compute the future value of each cash flow and aggregate them. Initially, $700 is deposited after year one. Considering a timeframe of three years at an interest rate of 6%. Next, $500 is deposited at the end of the second year, maturing in two years. Finally, $300 is deposited after three years, maturing in one year. Moreover, an additional $600 is deposited at the end of year four with no interest accrued on that amount. Therefore, the terminal value equals $833.71 plus $561.80 plus $318 plus $600 totals $2313.51.
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Which is the best way to describe l-2l?
AnnZ [12381]
Certainly. 2L = 4680 + 520 2L = 5200 L = 5200 / 2 L = 2600.
7 0
1 month ago
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The volume of the rectangular prism is 32 cubic feet more than the volume of the right triangular prism. Find the volume of each
tester [12383]

Answer:

Step-by-step explanation:

Denote the rectangular prism's volume as VR and the volume of the right triangular prism as VT. Given that the rectangular prism's volume exceeds that of the triangular prism by 32 cubic feet, we establish that VR = 32 + VT.

Calculating VR: VR = length * width * height = 6*x*3.

This simplifies to VR = 18x ft³.

For the triangular prism, VT can be calculated as Length * width * Height / 2, yielding VT = (7 * x * 4) / 2.

Thus, VT = 28x / 2, which simplifies to VT = 14x ft³.

Equating VR to 32 + VT allows the substitution: 18x = 32 + (14x).

Now, simplify the equation:

Combine like terms: 18x - 14x = 32.

This results in 4x = 32.

Dividing both sides by 4:

x = 8.

The volume for the rectangular prism comes to 18x, which equals 18*8.

The volume of the rectangular prism calculates to 144 ft³.

The volume for the right triangular prism calculates to 14x, which equals 14*8.

The volume of the right triangular prism calculates to 112 ft³.

4 0
2 months ago
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What is the solution to the linear equation? 2.8y + 6 + 0.2y = 5y – 14 y = –10 y = –1 y = 1 y = 10
Zina [12379]

2.8y + 6 + 0.2y = 5y – 14

Start by simplifying the left side:

3y + 6 = 5y - 14

Next, deduct 3y from both sides:

6 = 2y - 14

Add 14 to both sides:

2y = 20

Now, divide by 2:

y = 20 / 2

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5 0
3 months ago
Read 2 more answers
Jai Narayan sells two radio sets for 2288 each.
tester [12383]

Answer:

1%

Step-by-step explanation:

The selling price for each radio is $2288.

Total selling price is 2\times 2288=$4576.

Profit is 10%.

Loss is also 10%.

Cost price=\frac{S.P\times 100}{100+gain(in\;percent)}

Cost price=\frac{S.P\times 100}{100-loss(in\;percent)}

Utilizing the formula,

Cost price of the first radio is \frac{2288\times 100}{110}=$2080.

Cost price of the second radio is \frac{2288\times 100}{100-10}=$2542.2.

The combined cost price for both radios totals 2080+2542.2=$4622.2.

Total cost price exceeds total selling price.

Loss equals selling price minus cost price.

Loss is calculated as 4622.2-4576=$46.2.

Loss%=\frac{Loss}{C.P}\times 100

Loss percentage is \frac{46.2}{4622.2}\times 100=1%.

Thus, the loss is 1%.

5 0
3 months ago
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