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The value of her investment will be $89 466.86.
Year
Value of the Investment
($)
0
20 000.00
1
23 100.00
2
26 370.50
M
15
89 466.86
The total amount of interest earned will be $39 466.86.
Sylvie and Roland want to purchase a new house and can afford to make monthly payments of $1000.00. They go to the bank and obtain a mortgage for $195 000.00 compounded semi-annually and amortized over 25 years.
What is the interest rate (to 2 decimal places) of the mortgage? Show your work.
Sylvie and Roland wonder if it would be wise to find a less expensive house to reduce the amortization period to 20 years. Assuming that only the amortization period changes, what would be the maximum mortgage they could afford? Show your work.
the length of the red line segment is 12,and the length of the blue line segment is 4. how long is the transverse axis.
inequalities, as well as a third graph that shows the solution set of the compound inequality.xgreater than>negative 6-6andxgreater than>negative 5-5
A stereo sells for $189.79. If the stereo is 15% off and the sales tax is 8%, what is the total price?
An airplane ticket costs $200 if there are 50 or fewer people on the plane. But for each passenger over 50, the price per ticket is reduced by $2. (For example, if there are 52 passengers, then a ticket costs $196.) If revenue is maximized, how ma..
Find the equation of the plane which is tangent to the graph of f(x, y) = 4 arctan (xy) at the point (x, y) = (1, 1). Find the equation of the tangent plane to x + y + z = exyz at the point (0, 0, 1).
i have a project and i really need help with it its in fact 8 of them. the book is fundamentals of differential
find the length of the room if the cost of carpeting 24 m broad room with 150 cm wide carpet at Rs.16 per metre is Rs.3840.
a recreational club has 12 members.a. in how many ways can the club choose 6 members to form a volleyball team? show
a poster is to contain 50 square inches of printer material with margins of 1" on each of the left and the right sides and 2" on the top and bottom. find the dimensions of the poster so that it uses the minimum area.
A certain animal in the zoo has consumed 39 pounds of food in six days. If it continues to eat at the same rate, in how many more days will its total consumption be 91 pounds?
question how many gallons of water will a rectangular tank hold if the base is a square that is 8 feet 10 inches on one
Find θ such that P is a minimum.
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