Your crazy banker presents another investment opportunity for 2023, where you are told that for the first six months of the year you will have an APR of r_1 compounded monthly, and for the second half of the year the APR will be r_2 compounded daily. Assume that monthly interest compounds on the 28th day of each month, and daily interest compounds at 11:59PM.
1. The banker tells you that for the first six months of the year the effective continuous rate is a_1 = 6%, but they refuse to divulge the value of r_1 directly. You choose to invest $1000 on January 1, 2023, and decide to withdraw all funds from the account on June 30, 2023. What was the value of your account upon withdrawal?
2. The banker then informs you that for the last six months of the year the effective annual rate is c_2 = 10%. You decide that it would be nice to have exactly $4000 in this account at 5PM on December 15, 2023. What amount of money do you need to invest in this account on July 1, 2023, in order to accomplish this goal?

Answers

Answer 1

1. The value of your account upon withdrawal on June 30, 2023, was $1,031.49.

To calculate the value of the account upon withdrawal, we need to use the formula for compound interest. The future value (FV) of the account is given by:

FV = P * (1 + r_1/n)^(n*t)

Where P is the principal amount ($1000), r_1 is the monthly interest rate, n is the number of compounding periods per year (12 for monthly), and t is the time in years (6 months = 0.5 years).

Since the effective continuous rate a_1 is given as 6%, we can determine r_1 using the formula r_1 = ln(1 + a_1). Substituting the value of a_1 = 6% into the equation, we find r_1 = ln(1 + 0.06).

Now we can substitute the values of P, r_1, n, and t into the formula to calculate the future value FV. Plugging in these values, we find that the value of the account upon withdrawal is approximately $1,031.49.

2. To have exactly $4000 in the account on December 15, 2023, you need to invest approximately $3,857.02 on July 1, 2023.

We need to calculate the present value (PV) of the desired future value ($4000) to determine the amount of money to invest. The present value formula is:

PV = FV / (1 + r_2)^n

Where FV is the desired future value, r_2 is the daily interest rate, and n is the number of compounding periods.

Since the effective annual rate c_2 is given as 10%, we can determine r_2 using the formula r_2 = (1 + c_2)^(1/365) - 1. Substituting the value of c_2 = 10% into the equation, we find r_2 = (1 + 0.1)^(1/365) - 1.

Now we can substitute the values of FV, r_2, and n into the present value formula to calculate the required investment. Plugging in these values, we find that you need to invest approximately $3,857.02 on July 1, 2023.

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Related Questions

If 25% of a number is 65 and 60% of the same number is 156, find 35% of that number.

Answers

Answer:

35% of that number is 91.

Step-by-step explanation:

we need to first find 25% of what number equals 65.

65×100÷25 = 260

Then, if you use the same method again, 60% of 260 would be 156.

We know "that" number is 260, and all we need to do is find 35% of it.

35% of 260 = 91

Hope this helped :)

Given: ΔWXY is isosceles with legs WX and WY; ΔWVZ is isosceles with legs WV and WZ. Prove: ΔWXY ~ ΔWVZ. Complete the steps of the proof.
a. ASA (Angle-Side-Angle)
b. SAS (Side-Angle-Side)
c. SSS (Side-Side-Side)
d. CPCTC (Corresponding Parts of Congruent Triangles are Congruent)

Answers

We have proven that ΔWXY is similar to ΔWVZ using the ASA criterion.

We have,

To prove that ΔWXY is similar to ΔWVZ, we can use the ASA (Angle-Side-Angle) criterion.

Here are the steps of the proof:

Proof:

- Given: ΔWXY is isosceles with legs WX and WY; ΔWVZ is isosceles with legs WV and WZ.

Since ΔWXY is isosceles, we have WX ≅ WY. (Given)

Since ΔWVZ is isosceles, we have WV ≅ WZ. (Given)

We also know that ΔWXY and ΔWVZ share the common side segment WZ. (Common side)

Let's consider the angles: ∠WXY and ∠WVZ. Since ΔWXY is isosceles, we have ∠WXY ≅ ∠WYX. (Isosceles triangle property)

Similarly, since ΔWVZ is isosceles, we have ∠WVZ ≅ ∠WZV. (Isosceles triangle property)

Now, we have two pairs of congruent angles: ∠WXY ≅ ∠WYX and ∠WVZ ≅ ∠WZV.

We already know that WX ≅ WY and WV ≅ WZ.

By the ASA criterion, if two pairs of corresponding angles and the included side are congruent, then the triangles are similar.

Applying the ASA criterion, we conclude that ΔWXY ~ ΔWVZ. (Angle-Side-Angle)

Therefore,

We have proven that ΔWXY is similar to ΔWVZ using the ASA criterion.

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Mikel is trying to save for college expenses. He has a job, but can only afford to put $20 per month aside. He has 4 years until he will need to pay for college. How much will he have saved by the end of 4 years?

Answers

Answer:

960

20 times 12 moths to get 240 then multiply that by 4 years and get 960 .

Step-by-step explanation:

sorry if wrong ]

have a good day /night

may i pleae have a branlliest .

20 x 12=240 x 4 =960

Answer:

960

Step-by-step explanation:

Shirley is saving money to buy a computer.
• The computer she will buy costs $1,200.00
• She has already saved $300.00
Shirley will save $60.00 per week until she has enough money to buy
the computer.

Answers

Answer:

It will take her 15 weeks to have enough money for the computer.

Step-by-step explanation:

$1200 - $300 = $900

900 divided by 60 gives you 15

Therefor, it'll take Shirley 15 weeks to save $1200.

Write the difference of 8 and 2 times m

Answers

Answer:

Your answer would be A

Step-by-step explanation:

the functions y=x^2+ (c/x^2) are all solutions of equation: xy′ 2y=4x^2, (x>0). find the constant c which produces a solution which also satisfies the initial condition y(6)=4. c= ______--

Answers

The constant c that produces a solution satisfying the initial condition y(6) = 4 is c = 24.

To find the constant c that satisfies the given equation and the initial condition, we need to substitute the function y = x² + (c/x²) into the differential equation and solve for c. The given equation is xy' * 2y = 4x².

First, we differentiate y with respect to x to find y',

y = x² + (c/x²)

y' = 2x - (2c/x³)

Now we substitute y and y' into the differential equation,

xy' * 2y = 4x²

x(2x - (2c/x³)) * 2(x² + (c/x²)) = 4x²

Simplifying,

2x³ - 2cx + 4c = 4x²

Rearranging,

2x³ - 4x² - 2cx + 4c = 0

Now we substitute x = 6 and y = 4 (from the initial condition y(6) = 4) into the equation,

2(6)³ - 4(6)² - 2(6)c + 4c = 0

432 - 144 - 12c + 4c = 0

288 - 8c = 0

8c = 288

c = 36

Therefore, the constant c that produces a solution satisfying the initial condition y(6) = 4 is c = 36.

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Tuition for one year at Mount Tusk University is $13,400. Elijah has saved
$1,800 for this year's tuition. His parents have agreed to pay $5,000 this
year, and he earned a football scholarship for $3,500. Elijah hopes to earn
the rest of the money through his work-study job tutoring in the math
center. How much money does Elijah need to earn tutoring? (Enter the
quantity only)
Your answer

Answers

Answer:

The answer is 3,100

Step-by-step explanation:

If you subtract the 8,500 from his parents and his football scholarship you get 4,900 and then take the 1,800 from his saved money, You get what he still needs, which is 3,100.

Describe a situation that can be represented by the integer - 6

Answers

Answer:

One Chilly Night, Elijah Was Sleeping but Then Woke Up. He Realized It Was 45 Degrees According To the AC Monitor, So He Changed it To 70 Degrees But The Monitor Broke And Changed to -6 DEGREES!!

Step-by-step explanation:

A situation that can be represented by the integer - 6 was envisaged.

What are integers?

An integer is a whole number (not a fractional number) that can be positive, negative, or zero.

One day maths teacher decided to take a random test

There were 16 questions each of 4 marks and 1 mark deduction for each wrong answer, with no penalties for non-attempt.

David was so good at guessing. He guessed all the 16 answers out of which 2 were correct and 14 were incorrect.

So, the total marks that David got = 4(2)-1(14) = 8-14 =-6

Thus, a situation that can be represented by the integer - 6 was envisaged.

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Find the value of the expression below
when x =3/4

4x² + 8x - 5

Answers

Answer:

4x² + 8x - 5

= 4(3/4)² + 8(3/4) - 5

= 4 × 9/16 + 24/4 - 5

= 36/16 + 24/4 - 5

= 9/4 + 6 - 5

= 9/4 +1

= 3.25

Step-by-step explanation:

Hope it helps!!

simplify each of the following.
5.1.
[tex]2 sin(90 - x ) - cos(360 - x)[/tex]

Answers

Step-by-step explanation:

[tex]2 \sin(90 - x) - \cos(360 - x) [/tex]

[tex]2 \cos(x) - \cos(x) [/tex]

[tex] \cos(x) [/tex]

Jasmine scored a 85 on the last math test. The class average was a 76 with a standard deviation of 4.5. So, XN(76,4,5) Jasmine's Z-score is This tells you that 85 is standard deviations to the left or right) of the mean, 14. The number of problems on all math exams are normal distributed. What is the probability a randomly selected math exam has fewer than 15 questions if the mean is 20 questions with a standard deviation of 2.5? Use the empirical rule. Enter your answer as a percent rounded to two decimal places if necessary. A city has around 890 thousand people. There are 123 parks in this city. What is the number of parks per capita in this city? Write your answer in scientific notation.

Answers

Jasmine's Z-score is 2. The number of parks per capita in the city is [tex]1.38 * 10^-4[/tex] in scientific notation.

To calculate Jasmine's Z-score, we can use the formula:

Z = (X - μ) / σ

where X is the individual score (85), μ is the mean (76), and σ is the standard deviation (4.5).

Z = (85 - 76) / 4.5

Z = 9 / 4.5

Z = 2

Since Jasmine's Z-score is 2, this tells us that her score of 85 is 2 standard deviations to the right of the mean.

Now let's calculate the probability of randomly selecting a math exam with fewer than 15 questions using the mean of 20 and a standard deviation of 2.5.

To apply the empirical rule, we need to determine how many standard deviations 15 is away from the mean.

Z = (X - μ) / σ

Z = (15 - 20) / 2.5

Z = -5 / 2.5

Z = -2

Since 15 is 2 standard deviations to the left of the mean, we can use the empirical rule to estimate the probability.

According to the empirical rule:

The data is within one standard deviation of the mean for about 68% of the time.

The data is within 2 standard deviations of the mean for about 95% of the time.

99.7% of the data are contained within a 3 standard deviation range around the mean.

Since 15 is beyond 2 standard deviations to the left, the probability of randomly selecting a math exam with fewer than 15 questions would be very close to 0. In this case, we can assume it's effectively 0%.

Now let's calculate the number of parks per capita in the city with 890,000 people and 123 parks.

Number of parks per capita = Number of parks / Population

Number of parks per capita = 123 / 890,000

To write the answer in scientific notation, we can express 890,000 as 8.9 x 10^5:

Number of parks per capita =[tex]123 / (8.9 * 10^5)[/tex]

Calculating the result:

Number of parks per capita =[tex]1.38 * 10^-4[/tex]

Therefore, the number of parks per capita in the city is[tex]1.38 * 10^-4[/tex] in scientific notation.

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selects a piece of candy and eats it (so it is NOT replaced!) Then selects a piece of candy and eats it. Find the probability of each event

Answers

Question:

There are 30 candies in a box, all identically shaped. 5 are filled with coconut, 10 with caramel, and 15 are solid chocolate.

You randomly select a piece of candy and eat it (so it is NOT replaced!), then select a second piece. Find the probability of each event

(a) The probability of selecting two solid chocolates in a row.

(b) The probability of selecting a caramel and then a coconut candy.

Answer:

[tex](a)[/tex] [tex]P(Chocolates) = \frac{7}{29}[/tex]

[tex](b)[/tex] [tex]P(Caramel\ and\ Coconut) = \frac{5}{87}[/tex]

Step-by-step explanation:

Given

[tex]Coconut = 5[/tex]

[tex]Caramel = 10[/tex]

[tex]Chocolate = 15[/tex]

[tex]Total = 30[/tex]

For probabilities without replacement, 1 is subtracted after the first selection.

So, we have:

Solving (a): Two solid chocolates

This is calculated as:

[tex]P(Chocolates) = P(First\ Chocolate) * P(Second\ Chocolate)[/tex]

[tex]P(Chocolates) = \frac{n(Chocolate)}{Total} * \frac{n(Chocolate) - 1}{Total - 1}[/tex]

[tex]P(Chocolates) = \frac{15}{30} * \frac{15 - 1}{30 - 1}[/tex]

[tex]P(Chocolates) = \frac{15}{30} * \frac{14}{29}[/tex]

[tex]P(Chocolates) = \frac{1}{2} * \frac{14}{29}[/tex]

[tex]P(Chocolates) = \frac{7}{29}[/tex]

Solving (a): Caramel and Coconut

This is calculated as:

[tex]P(Caramel\ and\ Coconut) = P(Caramel) * P(Coconut)[/tex]

[tex]P(Caramel\ and\ Coconut) = \frac{n(Caramel)}{Total} * \frac{n(Coconut)}{Total - 1}[/tex]

[tex]P(Caramel\ and\ Coconut) = \frac{10}{30} * \frac{5}{30- 1}[/tex]

[tex]P(Caramel\ and\ Coconut) = \frac{10}{30} * \frac{5}{29}[/tex]

[tex]P(Caramel\ and\ Coconut) = \frac{1}{3} * \frac{5}{29}[/tex]

[tex]P(Caramel\ and\ Coconut) = \frac{5}{87}[/tex]

Suppose you place a $35 bet on a horse with a 2:7 odds against winnning. Determine the winning payout for this horse.

Answers

The winning payout for the horse is $45

To determine the winning payout for the horse, you need to use the following formula:

Odds against winning: B / (A + B)

Betting amount: X Payout: X + (X * B / A)where A is the denominator of the odds and B is the numerator of the odds.

Here, the odds against winning are 2:7.

So, the denominator (A) is 7 and the numerator (B) is 2.

The betting amount is $35.

Plugging these values into the formula:

Payout = 35 + (35 * 2 / 7)

Payout = $45.

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What is the value of the output when the
input is 18?

Answers

Answer:

Any number less than greater than or equal to 18

Step-by-step explanation:

Write an equivalent expression for 5+2+2x+2
please help me ​

Answers

Answer:

2x+9

Step-by-step explanation:

You have to combine like terms. 2x stays the same because there are no other like terms, but 5, 2, and 2 can be added together to make 9

Find the slope of the line

Answers

Answer:

2/3

Step-by-step explanation:

Answer:

Slope = -6

Step-by-step explanation:

maths equation : solve (2 - x)² < 4/25​

Answers

Answer:

8/5 < x < 12/5

Step-by-step explanation:

(2 - x)² < 4/25​

2 - x < ±2/5

2 - x < 2/5

-x < -8/5

x > 8/5

2 - x > -2/5

-x > -12/5

x < 12/5

Therefore, your answer is 8/5 < x < 12/5

This XP set is worth a maximum points 1) As of 5/12/22. 72.7% of the residents of Washington state were fully vaccinated against CV19. Also, the population of our state is about 74 million people. a) Suppose that random samples of size n 50 are selected from this state's population. Let X represent the number people in each sample that are fully vaccinated against CV19 The variable X has an approximately Binomial distribution, with n 50 and D 727 Using the special Binomial formulas, compute the mean and the sigma of Round each value to the nearest tenth b) Refer to part . Which specific values of this variable X are within 3- sigma of its mean value? (OW, what are the common numbers of fully vaccinated people you'd expect to find in samples of this size, given the 72.7% fully vaccinated percentage?) c) Refer to part a. Use your calculator / technology like the "binompat and "binomcd commands on the TI-84) to help answer the following questions Report each probability correct to four decimal places Find the probability that one of these samples has exactly 35 fully vaccinated people in ite find the value of PX - 3571 Is this an unusual event using the 5% probability criterion? 10 Find the probability that one of these samples has 25 or fewer fully vaccinated people in it be find the value of PX $25)) is this an unusual event, using the 5% probability criterion? 30 IP 3: DO %: . $ 4 % 5 . # 3 $ 4 % 5 & 7 6 > 0 00 9 E R T T Y U 0 P D F G H J I KL < < C V B N M 1

Answers

Random samples of size 50 are taken from this population, and the number of fully vaccinated individuals in each sample, represented by the variable X, follows an approximately binomial distribution with n = 50 and p = 0.727.

(a) Using the binomial formulas, the mean (μ) of X is calculated as np, which is 50 * 0.727 = 36.4, rounded to the nearest tenth. The standard deviation (σ) is given by the square root of np(1-p), which becomes √(50 * 0.727 * 0.273) ≈ 4.1.(b) To determine the values within 3 sigma of the mean, we calculate 3 times the standard deviation (3σ) and find the range around the mean: 36.4 ± 3 * 4.1, resulting in the range of approximately 24.1 to 48.7. Therefore, the common numbers of fully vaccinated people expected in samples of this size, given the 72.7% vaccination rate, would fall within this range.(c) By using appropriate commands on a calculator or technology, the following probabilities can be determined:

The probability of one sample having exactly 35 fully vaccinated people is obtained from the binomial distribution as P(X = 35), which can be calculated using the binompdf command.

The value of P(X ≤ 25) can be found using the binomcdf command, representing the probability of having 25 or fewer fully vaccinated people in a sample. The probabilities should be reported to four decimal places for accuracy.

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what two number have an absolute value of 12?

Answers

Answer:

The absolute value of 12, is 12...

Step-by-step explanation:

Answer:

-12

Step-by-step explanation:

(please help)!!!!!!!!!!!!!!

Answers

Answer

use trigonometry to find both the answers.    

i have done the working out in the picture hope it helps...

Step-by-step explanation:

Will give crown for the RIGHT answer please do not mess around or give me weird links

Answers

Answer:

28

Step-by-step explanation:

"6 less than the quotient of a number and 5"

Answers

Answer:

[tex]\frac{n}{5} - 6[/tex]

Step-by-step explanation:

Quotient of a number and 5 means n/5

6 less than n/5 means n/5 - 6

Answer:

the product of a triple a number and 19

Step-by-step explanation:

but i'm not 100% sure so don't quote me

using the equation y=x , what would be the value of y if the value of x is 2

Answers

Answer:

y = 2

Step-by-step explanation:

y = x

x = 2

Plug in the given value.

y = (2)

This is already simplified.

Therefore, when x = 2, y = 2.

Hope this helps!

HELP PLEASEEEE IT WOULD HELP ME OUT A LOT

Answers

Answer:

Step-by-step explanation:

can you guys help me please as much as you can ^^

Answers

Answer:

Step-by-step explanation:

m<1 = 50

m<2 = 22

m<3 = 108

m<4 = 50

m<5 = 65

m<6 = 50

m<7 = 43

m<8 = 65

m<9 = 75

m<10 = 18

m<11 = 25

m<12 = 40

m<13 = 115

m<14 = 65

m15 = 115

Please help me, I’m struggling.
A: 116 square cm
B: 106 square cm
C: 143 square cm

Answers

Answer:

The answer is A. 116 square cm

Step-by-step explanation:

Dani has only 1/2 of a cup of baking mix. She needs 3/4 of a cup for one batch of muffins. Which solution method shows how much of a batch of muffins Dani can make?

Answers

Answer:

Step-by-step explanation:

Dani has only 1/2 of a cup of baking mix. She needs 3/4 of a cup for one batch of muffins. Which solution method shows how much of a batch of muffins Dani can make?

Construct an equation for a function with a zero at -2 and a double zero at 3.

Answers

Step-by-step explanation:

feeling the compa

Como te amo mucho

Assume the population is normally distributed. Given a sample size of 225, with a sample mean of 750 and a standard deviation of 30, we perform the following hypothesis test.
H0: μ = 745
Ha: μ ≠ 745
a) Is this test for the population proportion, mean, or standard deviation? What distribution should you apply for the critical value?
b) What is the test statistic?
c) What is the p-value?
d) What is your conclusion of the test at the α = 0.1005 level? Why?

Answers

We need to determine whether the test is for the population proportion, mean, or standard deviation, and what distribution should be applied for the critical value.

a) This test is for the population mean since we are comparing the sample mean to a hypothesized population mean. To find the critical value, we apply the t-distribution since the population standard deviation is un known, and we are working with a sample.

b) The test statistic for comparing means is calculated using the formula:

t = (sample mean - hypothesized mean) / (sample standard deviation / √sample size).

Substituting the given values, we have:

t = (750 - 745) / (30 / √225) = 5 / 2 = 2.5.

c) To find the p-value, we compare the absolute value of the test statistic to the critical value associated with the significance level. Since the significance level α is not specified, we cannot directly calculate the p-value without knowing the critical value or α.

d) Without the critical value or the specific significance level, we cannot determine the conclusion of the test. The conclusion is drawn by comparing the p-value to the significance level α. If the p-value is less than α, we reject the null hypothesis, and if the p-value is greater than α, we fail to reject the null hypothesis.

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Solve the system using substitution. Show all work.
( 4х + 5y = 7
у = 3х + 9

Answers

Answer:

(4x+5y=7

y=3x+9

4x+5(3x+9)=7

4x+15x+45=7

19x=7-45

19x= -38

19×/19=-38/19

x= -2

whlie y=3x+9

y=3(-2)+9

y= -6+9

y=3 end solution

x= -2,y= 3

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What will be the force if the particle's charge is tripledand the electric field strength is halved?It wants the answer in terms of F...can anyone give me theequation that would be a starting point? although other civilizations built aqueducts, the romans are most famous, for their construction and use. Consider heat flow in a rod of length L where the heat is lost across the lateral boundary is given by Newton's law of cooling. The model is = Ut = kurz hu, 0 < x < L, t> 0 u(0,t) = u(L,t) = 0 for all t > 0, u(x,0) = f(x), 0 < x < L, = = = where h> 0 is the heat loss coefficient. 1. Find the equilibrium temperature. helpQuestion Completion Status: QUESTION 1 3 points Saved What is the Equity multiplier (EM)? Using EM, explain how increasing the bank capital would have a negative impact on the ROA for equity holders? given the binomials (x 1), (x 4), (x 5), and (x 2), which one is a factor of f(x) = 3x3 12x2 4x 55? (2 points) (x 1) (x 4) (x 5) (x 2) The RAMJAC corporation has productive assets in place which will be worth $5 million or $10 million next year with equal probability. It also has cash in amount $2 million. Additionally, it is considering an investment project which requires an investment of $2 million and will payout $3.1 million with certainty next year. Assume that the appropriate discount rate is 10%.I) Please compute the payout to RAMJAC's shareholders if the CEO does not take on the investment project but rather pays the cash out as a one-time dividend.II) Please compute the payout to RAMJAC's shareholders if the CEO uses the cash to invest in the project.III)Now suppose that RAMJAC also has outstanding debt with face value $8 million due next year. Please compute the payout to RAMJAC's shareholders if the CEO does not take on the investment project but rather pays the cash out as a onetime dividend.IV) Continue the assumption about debt as in (c). Please compute the payout to RAMJAC's shareholders if the CEO uses the cash to invest in the project.V) What kind of a problem is this? From your findings in parts I-IV, please Cards are sequentially removed, without replacement, from a randomly shuffled deck of cards. This deck is missing three of its 52 cards. How many cards do you have to remove and look at before you are at least 30% sure you know the identity of at least one of the missing cards? Explain your reasoning. Other things equal, the unemployment rate falls if A. aggregate output decreases. B. aggregate demand decreases. C. the demand for labor decreases. OD. the supply of labor decreases. addresses how anne matures over the course of writing her diary. When taking photographs of small items of evidence found on a crime scene, dimensional (size) information is indicated by the use of: