sofia and manuel are purchasing a home. they wish to save money for 15 years and purchase a house that has a value of $180,000 with cash. if they deposit money into an account paying 5% interest, compounded monthly, how much do they need to deposit each month in order to make the purchase?

Answers

Answer 1

We will have the following:

We will have that the value at the end will be $180 000.

The number of periods will be 15*12 = 180.

The interest per month is 0.05/12 = 0.0042

Now:

[tex]A=\frac{P((1+i)^n-1)}{i}_{}[/tex]

Here "A" is the value at the end, "P" will be the monthly payments, "i" the monthly interest rate and "n" the number of periods. So:

[tex]180000=\frac{P((1+0.0042)^{180}-1)}{0.0042}\Rightarrow P=\frac{180000\cdot0.0042}{((1+0.0042)^{180}-1)}[/tex]

[tex]\Rightarrow P=671.1819761\ldots\Rightarrow P\approx671.2[/tex]

So, they will need to deposit approximately $671.2 each month.


Related Questions

Complete each of the statements below with the correct answer choice.
The cost of the phone plans will be the same for company A and company B when gigabytes of data are used.
If company A changes the cost of data per gigabyte to then the two phone plans will never have the same cost.
If company B's initial monthly cost
and the cost of data per gigabyte
phone plans will always be the same.
11 of 20 Answered
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then the cost of the two
Session Score: 82% (9/11)
0

Answers

Using linear functions, it is found that:

The costs will be the same when 5 GB are used.If company A changes the cost of data per gigabyte to $8 then the two phone plans will never have the same cost.If company B's initial monthly cost decreases by $10 and the cost of increases by $2, then the cost of the two phone plans will always be the same

What is a linear function?

A linear function is modeled as follows:

y = mx + b.

In which the parameters of the function are as follows:

m is the slope.b is the y-intercept.

For the cost functions in this problem, we have that:

The slope is the cost per GB.The intercept is the flat cost.

Hence the functions are given as follows:

A(x) = 50 + 10x.B(x) = 60 + 8x.

The costs will be the same when:

A(x) = B(x)

Hence:

50 + 10x = 60 + 8x

2x = 10

x = 5 GB are used.

If two functions have the same slope and different intercept they are parallel, that is, they never intersect, hence if company A starts charging $8 per GB, this will happen.

The costs will always be the same when the functions are equal, that is, if:

B(x) = A(x) = 50 + 10x.

Decreasing the flat fee to $50 and increasing the cost per GB to $10.

Missing information

The complete problem is:

Liam is comparing the costs of phone plans at two different companies to determine which plan to buy. Company A charges $50 each month plus an additional $10 per gigabyte of data used. Company B charges $60 each month plus an additional $8 per gigabyte of data used. The following equation represents the cost of the phone plans for the two companies when they are equal, where g represents the amount of gigabytes of data used.

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List 2 ways that will not prove two triangles are congruent

Answers

Answer:

first way: 2 Angles and one side

second way: 2 sides and one angle

Answer:

Step-by-step explanation:

congruent triangles

how to tell if triangles are congruent using SSS, SAS, ASA, and AAS rules

why AAA and SSA do not work as congruence shortcuts

the Hypotenuse Leg Rule for right triangles

how to use CPCTC (corresponding parts of congruent triangles are congruent)

The
measure of an acute angle is represented by (3x + 12)°. which is not a possible value of x

Answers

Answer:

I don't know about this b

Answer:

possible value would be 28

Step-by-step explanation:

an acute angle is an angle less then 90° , that is

3x + 12 < 90 ( subtract 12 from both sides )

3x < 78 ( divide both sides by 3 )

x < 26

thus any value of x greater than 26 is not possible

so x = 28 is a possible value of x

(9)

Use the following system of equations.
{9x + 5y = 35
{-2x - 5y = 0
What do you get when you add the 2 equations together?

(10)

Using question 9, what does x equal?

(11)

Using the equation

{9x + 5y = 35
{-2x - 5y = 0

Use your answer or (9) to find what y equals.
What does y equal?

Answers

Step-by-step explanation:

(9)

9x + 5y = 35

-2x - 5y = 0

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

7x 0 = 35

(10)

7x = 35

x = 5

(11)

we pick one of the 2 equations, e.g.

-2x - 5y = 0

-2×5 - 5y = 0

-10 - 5y = 0

-10 = 5y

y = -10/5 = -2

Jonny, Becky and Sara share £138.
The ratio of the amount of money Jonny gets to
the amount of money Sara gets is 1:4.
Jonny gets £69 less than Sara gets.
What percentage of the £138 does Becky get?

Answers

If Johny receives £x, then Sara will receive £4x (Given ratio is 1:4).

Describe ratio.

In mathematics, a ratio shows how many times one number is contained in another.

For instance, if there are eight oranges and six lemons in a fruit plate, the orange to lemon ratio is eight to six (that is, 8:6, which is equivalent to the ratio 4:3).

Similarly, the ratio of oranges to total fruit is 8:14, while the ratio of lemons to oranges is 6:8 (or 3:4). (or 4:7). Numbers in a ratio can represent any quantity, including counts of people or objects, weights, lengths, times, and so on. Most of the time, both numbers have to be positive.

If Johny receives £x, then Sara will receive £4x (Given ratio is 1:4).

assumable, 4x - x = £69

or, 3x = 69

or, x = 69/3 = £21

Then Johny receives £21 and Sara receives £84 (4x£21).

Becky receives £(138-(21+84)) = £33 as well.

Her proportion in the ratio is equal to (33/138) x 100% (23.91%).

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30% of a sum of money is rupees 300. what is the total amount?
step by step explanation please
subject: linear equations in math

Answers

the total amount is 9000

Evaluate 8x - 4y when x = 2 and y = 3(b) o

Answers

EXPLANATION

Given the equation 8x -4y

When x=2 and y=3 the resulting expression would be as follows:

8*2 -4*3=

=16 - 12

= 4

The answer is 4

Find the distance between y=1/2x+2 and x-2y=6
Show work and give exact distance

Answers

The distance between these two lines  y=1/2x+2 and x-2y=6 is 10/√5

Distance between two lines:

We know that, the parallel lines can be extended till infinity. The slopes of two parallel lines are equal.

Distance d between two parallel lines

y = mx + c1 and

y = mx + c2 is calculated by the

d = |C1–C2|/√(A² + B²)

Given,

Here we have the two line equation they are,

y=1/2x+2 and x-2y=6

And we need to find the distance between them.

To find the distance between the lines, then we ahve to make the equation into standard form, that is,

y = mx + c

Here the first equation is in standard form, so we have to convert the second one,

So, the second equation is written as,

x - 2y = 6

-2y = 6 - x

y = (6 - x)/-2

y = -3 + 1/2 x

y = 1/2 x - 3

Now, we have to derive the value of the following from the given equation, then we get,

Slopes are same m1 = m2 = 1/2 and c1 = 2 ,c2 = -3.

here a = 1/2, b = -1

Now, apply the values on the formula, then we get,

d = |2 - (-3)|/√(1/2)² + (-1)²

d = 5/√1/4 +1

d = 5/√5/4

d = 5/√5/2

d = 10/√5

Therefore, the distance between these two equation is 10/√5.

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How many solutions are there to the equation below?
7(x+2) = 7x10
A. Infinitely many
B. 1
C. 0

Answers

Answer:C

Step-by-step explanation:

HELP PLEASE ON 20-28

Answers

Answer:

See below

Step-by-step explanation:

Which of the following can be used to represent the domain and range of f(x) = |x|? I. Domain: x ∈ ; Range: y ≥ 0 II. Domain: {x|x ∈ }; Range: {y|y ∈ , y ≥ 0} III. Domain: (–∞, ∞ ) ; Range: [0, ∞)

Answers

The domain and range of f(x) = |x| are Domain: (–∞, ∞ ) ; Range: [0, ∞)

f(x) = |x| is the absolute value function.

It always gives non-negative function values.

The absolute value function is defined as,

|x| = { x ; if x ≥ 0

      { -x ; if x < 0

So this definition says that if x is a non-negative real number, then the function gives the non-negative value itself.

Also if x is a negative real number, then -x is a positive real number which is the outcome from the absolute value function for negative real numbers.

This function is defined for all real numbers. Hence the domain is all the real numbers which is (–∞, ∞ ).

But the range of the function are only non-negative real numbers as absolute value function gives only non-negative values. So the range is    [0, ∞).

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Two sets, R and S, are described below.
The sum of the elements in set R equals
the sum of the elements in set S.
R = {5, x, 3, 8}
S = {6, y, 4, 1}
What is the value of x − y ?
E. −7
F. −5
G. 5
H. 7

Answers

Answer:

F. -5

Step-by-step explanation:

R = {5, x, 3, 8}

Sum of R: x + 16

S = {6, y, 4, 1}

Sum of S: y + 11

The sums are equal.

x + 16 = y + 11

x - y = 11 - 16

x - y = -5

Answer: F. -5

5х +2y=10
5x+2y=20
Solve system by using either elimination or substitution

Answers

Answer:

No solution

Step-by-step explanation:

The method that will use is substitution

ill use the equation 5x+2y=10 and substitute into the other one

5x+2y=10

2y=10-5x

y=5-2.5x

Now we must insert this equation into another

5x + 2(5-2.5x) = 20

5x+10-5x = 20

10=20

10 does not equal to 20 so it has no solution

Please mark as brainliest

This is by using substitution method

A 8 letter Code word is selected. What is the probability that there are no repeated letters?

Answers

Answer:

0.3016

Step-by-step explanation:

If we have an 8 letter code word...

Total number of possible letters = 26

The number of letters possible = 8

So...

26 ^ 8 = 0.3016

Hope this helps!

Answer:

[tex]\approx 0.30164[/tex]

Step-by-step explanation:

The Alphabet contains 26 characters, and to better understand this probability, let's do each letter one step at a time.

Any letter being chosen should have an equal probability of: [tex]\frac{1}{26}[/tex], and for the first letter we don't really have to worry about choosing a non-repeated letter, since it's impossible to have a non-repeated letter on the first letter... since it's the first letter, so no other letter has been chosen.

This means we have a probability of: 1 to get a non-repeated letter when we choose the first letter.

The probability when we choose the 2nd letter is different, since there is a possibility of choosing a repeated letter. As stated above, the probability of choosing any one letter should be equal for each letter and is: [tex]\frac{1}{26}[/tex]

Since we want to avoid this one letter we choose in the beginning, the probability of choosing it is: [tex]\frac{1}{26}[/tex], which means the probability of not choosing it is: [tex]\frac{25}{26}[/tex]

For the 3rd letter it follows the same pattern, assuming we have two non-repeated letters, the probability of choosing a repeated letter from the previous two is there combined probabilities of: [tex]\frac{1}{26} + \frac{1}{26} = \frac{2}{26}[/tex]. Since we want a non-repeated letter, we subtract this probability from one, because the entire probability will equal one.

This gives us a probability of: [tex]\frac{24}{26}[/tex] of choosing a non-repeated letter.

You'll notice a pattern, the numerator is decreasing by one! This makes sense since each time we choose a non-repeated letter, well the number of non-repeated letters will decrease by one.

This gives us the probability for each letter up to eight letters

[tex]\frac{26}{26}, \frac{25}{26}, \frac{24}{26}, \frac{23}{26}, \frac{22}{26}, \frac{21}{26}, \frac{20}{26}, \frac{19}{26}[/tex]

To get an eight letter code that has no no repeated letters, all these events have to occur. To find the collective probabilities of all these events happening, we simply multiply them, assuming they're independent which we have no reason to believe they aren't independent.

This gives us a total probability of approximately: [tex]0.30164[/tex]

y is inversely proportional to x.
when y = 80, x = 3
Work out x when y = 24

Answers

The most appropriate choice for proportionality will be given by

When y = 24, x = 10

What is proportionality?

Any relationship which maintains the same ratio is known as proportionality.

Proportionality can be of two types-

Direct Proportion and inverse proportion

Direct proportion

Two quantities are said to be  directly proportional, if on increasing the value of one quantity, the value of other quantity also increases and vice versa

For Example- Cost of a commodity and quantity of a commodity are direct proportional.

Inverse proportion

Two quantities are said to be inversely proportion, if on increasing the value of one quantity, the value of other quantity decreases.

For Example- Number of men and time taken by those men to do a certain work are inversely proportional.

Here,

y is inversely proportional to x

[tex]y = k \times \frac{1}{x}[/tex], where [tex]k[/tex] is an arbitrary constant known as proportionality constant

when y = 80, x =3

Putting the value of y and x in the above equation,

[tex]80[/tex] = [tex]k \times \frac{1}{3}[/tex]

[tex]k = 80 \times 3\\k = 240[/tex]

So [tex]y = 240 \times \frac{1}{x}[/tex]

when [tex]y = 24[/tex]

[tex]24 = 240 \times \frac{1}{x}[/tex]

[tex]x = \frac{240}{24}[/tex]

[tex]x = 10[/tex]

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x² + 6x-27=(x- -)(x +-)

Answers

Answer:

[tex] {x}^{2} + 6x - 27 = (x + 9)(x - 3)[/tex]

Answer:

x^2 + 6x - 27 = (x - 3) (x + 9)

jane is building a basic stand using wooden blocks. A wooden block that is 5/8 inch thick is glued to a wooden block that is 3/4 inch thick. What is the combined thicknedd of the two blocks of wood

Answers

Answer:

1 ⅜

Step-by-step explanation:

⅝ + ¾ = 11/8 or 1 ⅜

Find the word tradition in paragraph 5 of “The Lottery.” Use context clues in the surrounding sentences, as well as the sentence in which the word appears, to determine the word’s meaning. Write your definition here and identify clues that helped you figure out its meaning.

Answers

Answer:

Step-by-step explanation:

Please help me answer this question as soon as possible

Answers

The image and preimage coincide when reflecting a figure in a line or a point. Every point of a figure is translated to an image across a fixed line via a reflection. The fixed line is referred to as the reflection line

Explain about line of reflection?

An image can be produced by the reflection of a shape along a line of reflection. The mirror line is another name for the reflection line.

Reflections move each shape's points down a line known as the line of reflection (sometimes informally called the mirror line). The distance between a point and its matching point in the image is the same.

Consider the case when the point (6, 7) is reflected across the line y = x. The reflected point's coordinates are (7, 6). Similar to reflections across

y = -x, reflections across y = -x involve not only reversing the order of the coordinates but also their signs. For instance, when reflected over the line y = -x, (8, -2) becomes (2, -8)

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an ant starts from the origin (0, 0) of an xy-grid. each time it moves, it goes either up (50% chance) or right (50% chance) by one unit of distance. after 12 moves, what is the probability that the ant is located at the point (4, 8)?

Answers

The given ant can only go up or right here in every turn and as there is a 50% chance for either of

them, therefore each of the paths in 12 moves would be equally likely here.

As for each of the 12 steps here, there are 2 ways that the ant can move, therefore total number of

paths in 12 moves is computed as:

= 2^12 here.

We use the multiplication rule for independent events here to get the total number of outcomes here

by getting the product of the number of outcomes for each of those independent events.

Total number of 12 move paths such that we reach 4, 8 here is computed as the number of

permutation of 12 moves with 4 rights and 8 up points here. This is computed here as:

12!/(8!4!) = 495

Therefore, the probability that the ant is located at (4, 8) here is computed as:

=

495/(2^12)

= 0.1208

Therefore, 0.1208 is the required probability here

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Latoya works mowing lawns and babysitting. She earns $9.40 an hour for mowing and $8.10an hour for babysitting. How much will she earn for 4 hours of mowing and hour of babysitting?

Answers

Answer:

$45.70

Step-by-step explanation:

$9.40 four times and $8.10 1 time so 9.40 x 4 = 37.6 + 8.10 = 45.70

Write the equation of a line using the given information:
Same slope as x=-2 and passes through the point (7,-1)

Answers

Answer:

y-y1=m(x-x1)

y+1=-2(x-7)

y+1=-2x+14

-1           -1

y=-2x+13

Step-by-step explanation:

What is the missing length?? Of this triangular prism

Answers

Answer:

h = 2.5 cm

Step-by-step explanation:

the volume (V) of a triangular prism is calculated as

V = area of triangular end × length , that is

V = [tex]\frac{1}{2}[/tex] bh × l

given b = 4, l = 7 and V = 35 , then

[tex]\frac{1}{2}[/tex] × 4 × h × 7 = 35

14h = 35 ( divide both sides by 14 )

h = 2.5 cm

If 1 ft = 12 inches, how many square inches are in the rectangle shown below

Answers

Based on the dimensions of the rectangle, the number of square inches that are in the rectangle are 23,040 inches ²

How to find the area?

x

First, convert the units of the rectangle from feet to inches so that it is easier to find the area.

Length of rectangle in inches:

= 16 x 12 inches per ft

= 192 inches

Width of rectangle:

= 10 x 12 inches per ft

= 120 inches

The area is:

= 192 x 120

= 23,040 inches ²

In conclusion, there are 23,040 square inches in the rectangle.

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What is the magnitude, ||v|| of vector v = (4, 3)?
F, √2
G, √6
H. 2√5
J. 5
K. 7

Answers

Answer:

J

Step-by-step explanation:

the magnitude of a vector (a, b ) is

[tex]\sqrt{a^2+b^2}[/tex]

then magnitude of vector v = (4, 3 ) is

| v | = [tex]\sqrt{4^2+3^2}[/tex] = [tex]\sqrt{16+9}[/tex] = [tex]\sqrt{25}[/tex] = 5

Write and solve an inequality which can be used to determine xx, the number of visits Liam can make to earn his first free movie ticket.

Answers

The  number of visits thay Liam can make to earn his first free movie ticket is 9 visit.

How to calculate the number of visit?

Let x represent the number of visits

Since he receives 50 rewards points just for signing up and earns 12.5 points for each visit to the movie theater. This will be illustrated as:

50 + 12.5x >= 160

12.5x >= 160 - 50

12.5x >= 110

Divide

x >= 110/12.5

x >= 8.8

Therefore, he will need at least 9 visit.

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Liam has a points card for a movie theater.

He receives 50 rewards points just for signing up.

He earns 12.5 points for each visit to the movie theater.

He needs at least 160 points for a free movie ticket.

Write and solve an inequality which can be used to determine xx, the number of visits Liam can make to earn his first free movie ticket.

3 How much would a $15.99 book cost if
your state sales tax is 5.65%?
A $18.45
C $20.64
B $16.89
D $16.35

Answers

well, is simply the price plus tax, so

[tex]\begin{array}{|c|ll} \cline{1-1} \textit{\textit{\LARGE a}\% of \textit{\LARGE b}}\\ \cline{1-1} \\ \left( \cfrac{\textit{\LARGE a}}{100} \right)\cdot \textit{\LARGE b} \\\\ \cline{1-1} \end{array}~\hspace{5em}\stackrel{\textit{5.65\% of 15.99}}{\left( \cfrac{5.65}{100} \right)15.99} ~~ \approx ~~ 0.90~\hfill \underset{total~cost}{\stackrel{15.99~~ + ~~0.90}{\approx\text{\LARGE 16.89}}}[/tex]

Henry can write 5 pages of his novel in 3 hours.
At this rate, how many pages can Henry write in 8 hours?
pages

Answers

Answer:

13 1/3 pages

Step-by-step explanation:

Unit rate = 5 p / 3 h

5p / 3 h  * 8h = 13 1/3 page

He can write 13 pages

I need all of the answers, its like 10 or so?

Answers

The proof that shows that triangles PQR and TSR are similar by AA similarity theorem is explained below.

What is the AA Similarity Theorem?

The AA similarity theorem proves that two triangles are similar if we can show that two of its corresponding angles are congruent to each other.

Therefore, for triangles PQR and TSR to be similar by the AA similarity theorem, they must have two corresponding congruent angles.

The proof below shows the triangles, ΔPQR ~ ΔTSR are similar to each other:

Statement                                             Reasons                                              

1. QR ⊥ PT                                             1. Given

2. ∠QRP and ∠SRT are right angles   2. Def. of perpendicular

3. ∠QRP ≅ ∠SRT                                  3. All right angles are ≅

4. ∠QPR ≅ ∠STR                                  4. Given

5. ΔPQR ~ ΔTSR                                   5. AA similarity theorem

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What does the constant 0.9955 reveal about the rate of change of the quantity?

Answers

The model given is:

[tex]f(t)=290(0.9955)^{60t}[/tex]

The term in the parentheses represents the change of rate of the model. If the number is the parentheses is less than 1, we call it exponential decay.

If the number in parentheses is bigger than 1, we call it exponential growth.

In this case, the correct option is "decaying"

The number in parentheses let's call it R, is:

[tex]R=1-r[/tex]

Where r is the rate of change. To find it:

[tex]\begin{gathered} 0.9955=1-r \\ . \\ r=1-0.9955=0.0045 \end{gathered}[/tex]

To convert to percentage, we convert by multiplying by 100::

[tex]0.0045\cdot100=0.45\%[/tex]

The second answer is 0.45%

And since t is the time passed in hours, and has a "60" multiplying it, the last answer is: Every 60 hours

The final answer is:

The function is exponentially decaying at a rate of 0.45% evary 60 hours.

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Consider a toy made out of a ball attached to a 7 inch string attached to a pole. the pole is motorized so that the ball at the end of the string moves in a circle clockwise around the pole. the stand is located on origin of an x and y axis and the speed of the ball is constant (22 in/s). find the magnitude and direction. Which excerpt from the passage is an example of dialogue?OA. "There are two in each room"B. an old lady of some kind cleared her throat like a sheep bleating.C. The sound like a sheep's bleating almost made her turn aroundand run back.D. There was loose, bulging linoleum on the floor. luna pharmaceuticals inc. (lpi) recently made a sale to a foreign trading partner, but the customer does not need to make a payment for 30 days. lpi wants assurances that payment will be made in full before it makes shipment. which type of short-term debt security should lpi and other firms in a similar situation use to remedy this situation? an amusement park is running a special where you pay an entrance fee of $13 and will only charge $1 for the first 5 rides. After 5 rides, the price goes up to $4 per ride. a. Write a function that represents the total cost of a trip to this amusement park b. How much money will be spent if you go on 7 rides?c. How many rides did someone go on who ended up spending $46? An expression is shown below.(3x + 2x 5) (5x 4x + 1)A)-2x +6x-6B)-2x - 2x - 48x+6x-6D) 8x - 2x - 4 Which TWO words complete the gaps? To check if the cracking of a long-chain hydrocarbon has actually produced alkenes, the gas produced can be bubbled through __________ __________. which sentece best stated the central idea of the first paragraph? angle 1 and angle 2 are supplements with m angle 1 = 10y + 46 and m angle 2 = 6y + 6. Find m angle 2 A player kicks a soccer ball from a height of 2 feet. The ball reaches A maximum height of 20 feet after traveling 40 feet horizontally. And is caught by the goalkeeper 70 feet from where it was kicked. The path of the ball can be modeled by a parabola where why is the height in feet an exit the horizontal distance traveled in feet. At what height is the goalkeeper catch the ball? Which is NOT a class in the Phylum Annelida?A. Class HexactinellidaB. Class HirudineaC. Class PolychaetaD. Class Oligochaeta a recipe calls for 2 tsp of vanilla, we are doing a 6 times batch, how many cups of *vanilla do you need? Purple hibiscusChapter 8Page. 137-138: What excellent question does Amaka ask Father Amadi, and what is the critique that Amaka is making by asking that question? What research question should I be asking about s lack of staff and how it impacts a situation? on landing the plane touches a runaway with a speed of 65 m/s the figure shows the of the speed of the plane after one second. calculate the acceleration of the plane during its landing Please help!!! Currently bombing chemistry!! I need help with this question but no one is helping me! Can someone please help me regular languages can be expressed by regular expressions. we had pointed out that difference operator (-) is not a valid operator in regular expressions. hence, regular languages are not closed under the difference operator. group of answer choices true false Hi, I was absent while my class learned this and I am unsure of how to solve for either. Any help/ explanation would be appreciated. Thanks! The angle bisectors of AABC are AV, BV, and CV. They meet at a single point V.(In other words, V is the incenter of AABC.)Suppose TV=20, CV=23, mZTCU= 34, and m SAV=26.Find the following measures.Note that the figure is not drawn to scale.SBUmZSAU =mSBV =SV = [ I need helpConsider the combustion of methane:CH4(g) + 2O2(g) CO2(g) + 2H2O(g)Which reactant is decreasing at the fastest rate?