Suppose Tabitha finds an annuity that pays 7.0% annual interest, compounded semiannually. She decides to invest $650
semiannually in this annuity for 5 years. How much interest does she earn during the 5 years?
Round your answer to the nearest cent.
Do NOT round until you have calculated the final answer.

Answers

Answer 1

Answer:

Rounded to the nearest cent, over 5 years she will earn $ 916.89.

Step-by-step explanation:

Since Tabitha found an annuity that pays 7.0% annual interest, compounded semiannually, and she decided to invest $ 650 semiannually in this annuity for 5 years, to determine how much interest she will earn during the 5 years the following calculation must be performed:

650 x (1 + 0.07 / 2) ^ 5x2 = X

650 x (1 + 0.035) ^ 10 = X

650 x 1,035 ^ 10 = X

916,889 = X

Thus, rounded to the nearest cent, over 5 years she will earn $ 916.89.

Answer 2

Answer: 1125.41

Step-by-step explanation:

First, let’s find out how much is in the account after 5 years. We will use the savings annuity formula

A(t)=d((1+r/n)n⋅t−1)r/n

to find the value of A(5). We know that r=0.07, d=$650, n=2 compounding periods per year and, t=5 years. Substitute these values into the formula.

A(5)=$650 ((1+0.07/2)5⋅2−1)/(0.07/2)

Simplifying gives

A(5)=$650 ((1.035)10−1)/(0.035),

thus

A(5)=$7,625.41.

The sum of all deposits D5 is given by 5⋅2⋅$650=$6,500. Now, substitute these numbers into

A(5)=D5+I5

and solve for I5. This gives

$7,625.41=$6,500+I5,

yielding the total interest paid as $1,125.41. Enter 1125.41 as the answer.


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Answers

Answer:

the one that shows -21 in the line

Step-by-step explanation:

The value of the variable x is greater than or equal to 7/6 on the number line.

What is the solution to the equation?

The distribution of weights to the variables involved that establishes the equilibrium in the calculation is referred to as a result.

Inequality is defined as an equation that does not contain an equal sign. Inequality is a term that describes a statement's relative size and can be used to compare these two claims.

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Simplify the equation, then the value of x will be

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Answers

Answer:

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This data would show if spectators only come to the stadium and stay until the end of the game when their favorite teams are playing

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we can also use regression analysis and line of best fit to check for the trends

Step-by-step explanation:

Aim : The Aim of the stadium is Increasing revenue generated in the stadium and some of the ways to achieve such is by taking specific data as regards the customers/spectators who visit the stadium

The type of data that could be collected from the fans to be used in multiple regression model:

Number of spectators who leave the stadium before 180 minutes

This data would show if spectators only come to the stadium and stay until the end of the game when their favorite teams are playing

Number of customers/spectators attending the last 100 matches

This data will help the stadium know the current trend ( either increasing of decreasing ) number of the spectators who visit the stadium

How can the data be collected

The data can be collected via the exit time entries at the exit gate of the stadiumhistory of ticket sold over the last 100 matches

how to apply the data

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we can also use regression analysis and line of best fit to check for the trends

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Answers

Answer:

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Step-by-step explanation:

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Answers

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Answer:

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Step-by-step explanation:

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Answers

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9514 1404 393

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