Alf needs to borrow $15,000 to pay for his college tuition. He can borrow the money from his
parents at a rate of 3.55% interest compounded annually for 4 years, or he can borrow from his
local bank at a rate of 3.50% interest compounded continuously for 4 years
Manipulation of Numerical Data

Answers

Answer 1

Alf would prefer to borrow from his parents because their rates are more favourable.

The future value of the loan if he borrows from his parents is given by this formula: A(1 + r)^n

Where:

A = amount  

R = interest rate  

N = number of years  

$15,000(1 + 0.0355)^4 = $17,246.13

The future value of the loan if he borrows from the local bank is given by this formula: : A x e^r x N

Where:

A= amount e = 2.7182818 N = number of years r = interest rate

$15,000 x  2.7182818^0.035 x 4 = $62,137.18

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Related Questions

(NO LINKS AND DON'T COMMENT IF YOU DON'T KNOW)Compare the ratios using the models. Which statements are true? Check all that apply. 7 to 16 The model for the ratio 7 to 16 should show 7 cells shaded. The model for the ratio 6:8 should show 8 cells shaded. The ratio 7 to 16 is greater than 6:8. The ratio 6:8 is greater than the ratio 7 to 16. 6.8​

Answers

Answer:

Step-by-step explanation:

Hi sorry if I’m bugging just trying to help out by getting Them B bye

no link no bot right please

Answers

9514 1404 393

Answer:

  10.49

Step-by-step explanation:

Since we know 110 = 10² +10, we can make a first approximation to the root as ...

  √10 ≈ 10 +10/21 . . . . . where 21 = 1 + 2×integer portion of root

This is a little outside the desired approximation accuracy, so we need to refine the estimate. There are a couple of simple ways to do this.

One of the best is to use the Babylonian method: average this value with the value obtained by dividing 110 by it.

  ((220/21) + (110/(220/21)))/2 = 110/21 +21/4 = 881/84 ≈ 10.49

An approximation of √110 accurate to hundredths is 10.49.

__

The other simple way to refine the root estimate is to carry the continued fraction approximation to one more level.

For n = s² +r, the first approximation is ...

  √n = s +r/(2s+1)

An iterated approximation is ...

  s + r/(s +(s +r/(2s+1)))

The adds 's' to the approximate root to make the new fraction denominator.

For this root, the refined approximation is ...

  √110 ≈ 10 + 10/(10 +(10 +10/21)) = 10 +10/(430/21) = 10 +21/43 ≈ 10.49

_____

Additional comment

Any square root can be represented as a repeating continued fraction.

  [tex]\displaystyle\sqrt{n}=\sqrt{s^2+r}\approx s+\cfrac{r}{2s+\cfrac{r}{2s+\dots}}[/tex]

If "f" represents the fractional part of the root, it can be refined by the iteration ...

  [tex]f'=\dfrac{r}{2s+f}[/tex]

__

The above continued fraction iteration adds 1+ good decimal places to the root with each iteration. The Babylonian method described above doubles the number of good decimal places with each iteration. It very quickly converges to a root limited only by the precision available in your calculator.

Terry and Jim have two car loans totaling $ 26,004.
One loan has an annual percentage rate (APR) of 3.1 % and the other has an APR of 7%.
If the total interest they paid after one year is $1,481.25, what is the amount owed on each car?
(1 = PRT. Note t = 1 year).
Answer needed right away!! With explanation

Answers

The annual percentage rate is the interest rate for payment for the car

loan.

The mount owed on the car with an APR of 3.1% is approximately $8,693.08.

The mount owed on the car with an APR of 7% is approximately $17,310.92.

The given parameters are;

The amount of loan Terry and Jim have = $26,004

The annual percentage rate (APR) on one loan = 3.1 %

The annual percentage rate (APR) on the other loan = 7 %

Total interest paid after one year = $1,481.25

Required:

The amount owed on each car

Solution:

Let X represent the loan, with 3.1% APR, we have;

The other loan with 7% APR = 26,004 - X

Therefore;

0.031·X + 0.07·(26,004 - X) = 1,481.25

0.031·X + 1,820.28 - 0.07·X = 1,481.25

1,820.28 - 1,481.25 = 0.07·X - 0.031·X = 0.039·X

339.03 = 0.039·X

[tex]X = \dfrac{339.03}{0.039} \approx 8693.08[/tex]

Therefore;

The amount owed on the car with an APR of 3.1%, X ≈ $8,693.08

Therefore;

The amount owed on the car with an APR of 7% ≈ 26,004 - 8693.08 =

17310.92.

The amount owed on the car with an APR of 7% ≈ $17,310.92

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An editor has a stack of k documents to review. The order in which the documents are reviewed is random with each ordering being equally likely. Of the k documents to review, two are named “Relaxation Through Mathematics” and “The Joy of Calculus.” Give an expression for each of the probabilities below as a function of k. Simplify your final expression as much as possible so that your answer does not include any expressions in the form a b . (a) What is the probability that “Relaxation Through Mathematics” is first to review?

Answers

Using the probability concept, it is found that there is a [tex]\mathbf{\frac{1}{k}}[/tex] probability that “Relaxation Through Mathematics” is first to review.

A probability is given by the number of desired outcomes divided by the number of total outcomes.

In this problem:

There is a total of k documents to be reviewed, hence [tex]T = k[/tex].Of those documents, 1 is named “Relaxation Through Mathematics”, hence [tex]D = 1[/tex]

The probability is:

[tex]p = \frac{D}{T} = \frac{1}{k}[/tex]

A similar problem is given at https://brainly.com/question/24483829

ramin must calculate 8.42 divided by 3.6 longhand but can't remember what to do about decimal points

Answers

Answer:

He should change 3.6 to 36

and

he should change 8.42 to 84.2

He should also move the decimal up when dividing like in the picture I posted.

Step-by-step explanation:

I other words, he should shift the decimal points to the right one

I hope that I could help!

He should also move the decimal up when dividing in the picture that is posted.

How can we interpret the division?

When 'a' is divided by 'b', then the result we get from the division is the part of 'a' that each one of 'b' items will get.

Division, thus, can be interpreted as equally dividing the number that is being divided in total x parts, where x is the number of parts the given number is divided.

We need to find 8.42 divided by 3.6 longhand.

8.42 / 3.6

= 2.33

He should change 3.6 to 36 and he should change 8.42 to 84.2

He should also move the decimal up when dividing in the picture that is posted.

Learn more about division here:

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Please can someone help me with this​

Answers

Answer:

1 : 0.44.

Step-by-step explanation:

93 : 41

= (93/93) : (41/93)

= 1 : 0.44.

Please please help please help me please please help me

Answers

It’s 1+1 so it it 99

Answer:

y = -6/7x - 10/7

Step-by-step explanation:

(-4,2) and (3,-4)

Slope: - 6/7

Take any point: (-4,2)

y-intercept: 2 - (- 6/7)(-4) = -10/7

PLEASE HURRY
Todd drives 2,365 miles in a month. His average MPG is 20. How much will he pay in gas if gas is $3.12 per gallon?

$368.94
$390
$234
$208.12

Answers

Answer:

Should be $368.94

Step-by-step explanation:

hope it helps

please mark brainliest

The total cost of 118.25 gallons of gas is $368.94. Therefore, option A is the correct answer.

What is the unitary method?

The unitary method is a technique for solving a problem by first finding the value of a single unit, and then finding the necessary value by multiplying the single unit value.

Given that, Todd drives 2,365 miles in a month and the average is 20 miles per gallon

Now, number of gallons =2,365/20

= 118.25 gallons

So, total cost = 118.25×3.12

= $368.94

Therefore, the total cost of gas is $368.94.

To learn more about the unitary method visit:

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Which linear function represents the line given by the point-slope equation y + 1 = -3(x - 5)?
O f(x) = -3x - 6
O f(x) = -3x - 4
O f(x) = -3x + 16
O f(x) = -3x + 14 ​

Answers

Answer:

-3x + 14

Step-by-step explanation:

Expand -3(x-5)

. -3 * x = -3x

. -3 * -5 = 15

So

. y+1 = -3x + 15

Subtract 1 from both sides so that y is the subject

. y = -3x + 14

Now you can juse replace y with f(x) since theyre basically the same thing

Which expression is the additive inverse of -5/8?

A) 8/5
B) 5/8
C) -5/8
D) -8/5

Answers

Answer:

b

Step-by-step explanation:

What are the coordinates of the x-intercept of the line -3x-5y=12?

Answers

well, x-intercept means for a graphed funciton where the x-axis gets touched/intercepted, Check the picture below, when that occurs, y = 0, so if we want to know what "x" is at that point we can simply set y = 0 and solve for "x".

[tex]-3x-5y=12\implies \stackrel{\textit{setting y = 0}}{-3x-5(0) =12}\implies -3x-0=12 \\\\\\ -3x=12\implies x=\cfrac{12}{-3}\implies x = -4 \\\\[-0.35em] ~\dotfill\\\\ ~\hfill \stackrel{\textit{coordinates}}{(-4~~,~~0)}~\hfill[/tex]

Need help with this quick plz??

Answers

Answer:10 or someones else’s answer this not my best

Step-by-step explanation:

sam's age is 125% of mary's age. mary's age is p% of sam's age. what is the value of p?

Answers

Let Sam be (S+8) years while his sister is S years.

S(S+8) = 105

S^2+8S-105 = 0

(S+15)(S-7) = 0

Sam’s sister is 7 years and Sam is 15 years old.

5 is 10% of what plz i need help​

Answers

Answer:

50

Step-by-step explanation:

Can someone plsss help me

Answers

Answer:

y = -5/3 x + 40

Step-by-step explanation:

The general form is y = ax + b, where a is the slope and b is the y intercept.

So immediately you can see that b must be 40, since the line crosses the y axis at 40.

The slope can be calculated by finding two "nice" points on the line that are also grid lines.

How about (0,40) and (6, 30).

Then, calculate the slope by dividing the y difference by the x difference:

(30-40)/(6-0) = -10/6 = -5/3

So C must be the answer.

Seedless watermelon costs $.99 per pound. Find the cost per kilogram

please help and show the solution and answer thank uou

Answers

Answer:

$2.20/kg

Step-by-step explanation:

First, we must convert pounds to kilograms.

1 lb = 0.45 kg

If 1 lb costs $.99

then 0.45 kg costs $.99

0.45 kg = $.99

dividing both sides by 0.45

1 kg = .99 ÷ 0.45

1 kg = $2.20

Plz help me on this qustin. Slove for w 2w ≥ -12

Answers

Answer:

w > -6

Step-by-step explanation:

divide each term n 2x > -12 by 2 then simplify

According to this diagram, what is sin 23°?
67°
13
5
23°
90°

Answers

The value of sin(23°) is equivalent to 0.39.

What are trigonometric functions?

There are six major trigonometric functions as -

Sine(x)Cosine(x)Tangent(x)Cotangent(x)Secant(x)Cosecant(x)

We can write the relation between them as -

Sine = 1/cosecantCosine = 1/secantTangent = 1/Cotangent

Given is to find the value of sin 23°.

Now, we can write the value of sin(23°) as -

sin(23°) = sin(30° - 7°)

Expanding using the compound angle formula, we can write -

sin (x - y) = sin(x) cos(y) - cos(x) sin(y)

sin(30° - 7°) = sin(30°) cos(7°) - cos(30°) sin (7°)

sin(30° - 7°) = 1/2 x 0.99 - √3/2 x 0.121

sin(30° - 7°) = 1/2 x 0.99 - √3/2 x 0.121

sin(30° - 7°) = 0.495 - 0.105

sin(30° - 7°) = 0.495 - 0.105

sin(30° - 7°) = 0.39

Therefore, the value of sin(23°) is equivalent to 0.39.

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Put the following numbers in order on the number line below.
1/2
1 1/2
3/5
1/4
1 3/4
1 1/4
7/8

Answers

Answer:

1/4

1/2

3/5

7/8

11/4

13/4

11/2

i need help with this word problem please! :)

Answers

Answer:

Step-by-step explanation:

ASSUMING all family members purchased ride tickets

Let n be the number of family members

148 = 8 + n(16 + 12)

140 = 28n

n = 5

will give brainliest to whoever helps

Answers

x-4y=0 is the answer

Answer:

x=4y

Step-by-step explanation:

Solving for x means you need to get it in the form x=?.

1. let's isolate the variable.

-2x-7y=y-4x

Add 4x to both sides to isolate:

2x-7y=y

Add 7y to both sides to isolate the x term:

2x=8y

Now we divide both sides by 2 (as we are solving for x):

x=4y

Hope this helps!

You supervise the feeding of dogs at a kennel you use an average of 10 1/2 pounds of dog food each day.at the rate how many pounds of dog food will you use In 7 days

Answers

Answer:

73.5 pounds of dog food in 7 days

Step-by-step explanation:

10 1/2 x 7

10x 7 =70

1/2 x 7 = 3.5

70 + 3.5 =73.5 pounds of dog food in 7 days

Which job paid better 30 minutes for $10.00, 3.5 hours for $30.00, 2 hours for $30.00

Answers

Answer:

30 minutes for $10.00

Step-by-step explanation:

30min=$10

60min=$20

90min=$30

210min(3.5 hours)=$30

120min(2hours)=$30

A washer and a dryer cost $932 combined. The washer costs $82 more than the dryer. What is the cost of the dryer?​

Answers

Step-by-step explanation:

Lucus had a balance of $21 in his checking account. Since then he made deposits of $187, $445 and $454 and wrote checks for $74, $137, $139, and $240. When all of the deposits are recorded and all of the checks clear, what balance will he have in his checking account?

Answers

Based on the opening balance, the amounts deposited, and the amounts for checks, the balance in the account should be $517.

The deposits into the account will increase the balance whilst the checks will do the opposite.

The balance is therefore:

= Opening balance + Deposits - Checks

= 21 + 187 + 445 + 454 - 74 - 137 - 139 - 240

= 21 + 1,086 - 590

= $517

In conclusion, the balance will be $517.

Find out more at https://brainly.com/question/7177682.

how to add and subtracts decimals from whole nubers

Answers

Answer:

ok so to do this you line them up like normal then always remember to make sure your decimal is in the right spot if you need more help there are many easy solutions online also if you need more help you can always send me a picture of the question or tell me it and it will make things a lot easier :)

Step-by-step explanation:

math help please :) thxx

Answers

Answer: 15 inches

Step-by-step explanation:

15 × 1 ÷ 12 = 1.25 ft

1.25 ft = 1.25 × 12 = 15 in

I am having trouble with this problem. I can’t figure it out. I have tried everything but can’t figure it out. After I figure out the problem I have to check it by writing out the problem and replacing the y with the number it equals. At the end it should equal 6

The picture is a different problem but this is what the check looks like


6=-y+42+-2y

Answers

Answer:

16 = y

Step-by-step explanation:

So you have the equation 6=-y+42+-2y

Find the y first

6=-y+42+-2y

add all y's together

6=-3y+42

subtract 42 on both sides

-48 = -13y

16 = y

------------------------------------------------

Now do the check:

Plug in 16 where ever it says y in the original equation

6= -(16) + 42 + -2(16)

open the brackets

6= -16+42-32

solve

6=26-32

6 = 6

Hope this helps

help me please 5 points​

Answers

Answer:

-12

Step-by-step explanation:

Soraya earned $40 in October. She earned $50 in
November.
What is the percent increase or decrease in Soraya's monthly earnings?
A. 15% decrease
B. 30% increase
C. 25% increase
D. 20% decrease

Answers

25% increase.

Explanation: 25% of $40 is $10. You add $10 to $40 you get $50.

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