The Academy for Academic Excellence has just announced their winner for the most successful student in mathematics This student will receive a grant for their college education as well as national recognition for academic excellence in the field of mathematics. The grant will cover $12,177.17 of the cost of school per year for 5 years. If the initial amount is invested into an account over the five years, paying an annual interest rate of 5,5%, and you are to withdraw from this account until the remaining balance after the 5 years is zero dollars, determine the initial amount of the grant. Round your answer to the nearest dollar. a $52,000 c. $60,886 b. $55,200 d. $64,235 LES​

Answers

Answer 1

Answer:

A. $52,000

Step-by-step explanation:

Answer 2

The initial amount of the grant is $52,000. The correct option is a.

What is annuity?

An annuity is a financial product that provides an individual with a series of regular payments in exchange for an initial investment or a series of payments.

Annuities are commonly used to generate income in retirement, but they can also be used for other purposes, such as covering the future expenses of a dependent or providing a guaranteed income stream for a set period of time.

We can use the formula for the present value of an annuity to find the initial amount of the grant:

PV = A * ([tex](1 - (1 + r)^{(-n)[/tex]) / r)

Where PV is the present value, A is the annual payment, r is the annual interest rate, and n is the number of periods.

Substituting the given values, we get:

PV = 12,177.17 x ((1 - [tex](1 + 0.055)^{(-5)[/tex]) / 0.055)

PV ≈ 51,765.57

Rounding to the nearest dollar, the initial amount of the grant is $52,000.

Therefore, the answer is option (a).

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Related Questions

A couple wishes to replace the carpeting in their master bedroom. Their master bedroom measures 24 ft by 16 ft. If carpeting is sold by the square yard, how many square yards of carpeting are needed

Answers

Answer:

128 yards^2

Step-by-step explanation:

So basically you just need to find the area of the room and then con vert it into yards.

24 ft x 16 ft = 384 ft^2

1 yard = 3 feet

384/3 = 128

128 yards^2

Hope this helps and have a good day!

42.7 yard² square yards of carpeting are needed to replace the carpeting in their master bedroom

3 feet = 1 yard

The length of bedroom = 24 ft. = 24 ft. * 1/3 yard per feet

Length of bedroom = 8 yards

Width of bedroom = 16 ft. = 16 ft. * 1/3 yard per feet

Width of bedroom = 16/3 yards

The area of the masters bedroom is:

Area = length * width

Area = 8 yards * 16/3 yards

Area = 42.7 yard²

Hence 42.7 yard² square yards of carpeting are needed to replace the carpeting in their master bedroom

Find out more at: https://brainly.com/question/20898622

estimate each product 8 × 56.7​

Answers

Answer:

465??

Step-by-step explanation:

20 PTS! Is the answer h=2.7?

Answers

Answer:

Yes your right

Step-by-step explanation:

2x + y = 9
5x + 3y = 26

Answers

Answer:

7X+4y=35

Step-by-step explanation:

If a couple has 3 children, what is the probability of all three children being girls? Justify.

Answers

Answer:

The probability of all three children being girls will Be: 1/8

Step-by-step explanation:

The couple has 3 children.

We have to determine the probability of all three children being girls.

As we know that for each child, the probability of being a girl is ' [tex]\frac{1}{2}[/tex] ' as is the probability of being a boy is ' [tex]\frac{1}{2}[/tex] '.

so for there to be all girls, the probability will be:

P  ( all girls)  = 1/2 × 1/2 × 1/2 = 1/8      

Therefore, the probability of all three children being girls will Be: 1/8        

what is 385divided by 24

Answers

Answer:

16.41 i think

Someone please help with this middle school math lol

Answers

#1 is 65 by 75, next is 3 by 9, and the last is 75 by 25

NEED HELP ASAP!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

the answer is c

Step-by-step explanation:

a person runs 1/ 4/5 miles i n 1/5 of and hour how many miles they are running per hour

Answers

7 1/2 mph is the answer

Please help Find the missing area.

Answers

Answer:

turn the shape into three shapes two triangle and one square then you can do it easy

Step-by-step explanation:

What are the values of a and b?
a=
b=

Answers

Answer:

The values of a and b are:

a = 2[tex]b=4[/tex]

Step-by-step explanation:

Given the exponential model

[tex]y=a\cdot \:b^x[/tex]

Given the points

(0, 2) and (3, 128)

We know that the y-intercept of [tex]y=a\cdot \:b^x[/tex] is (0, a).

so

a = 2

putting x = 3, y = 128 and a = 2

[tex]y=a\cdot \:b^x[/tex]

[tex]128=2\cdot \:b^3[/tex]

Switching sides

[tex]2b^3=128[/tex]

[tex]\frac{2b^3}{2}=\frac{128}{2}[/tex]

[tex]b^3=64[/tex]

Taking the real value such as:

[tex]\mathrm{For\:}x^3=f\left(a\right)\mathrm{\:the\:solutions\:are\:}x=\sqrt[3]{f\left(a\right)}[/tex]

so

[tex]b=\sqrt[3]{64}[/tex]

[tex]b=\sqrt[3]{4^3}[/tex]

[tex]b=4[/tex]

Therefore,

a = 2[tex]b=4[/tex]

The following are prices of selected digital cameras. $158, $95 ,$175, $180 ,$95,$129, $228, $300 Find the standard deviation.

Answers

Answer: 69.23

Step-by-step explanation:

Given data:

N = 8.

μ = 170.

Solution:

First we calculate for the mean.

= 158 + 95 + 175 + 180 + 95 + 129 + 228 + 300/8

= 1360/8

= 170.

Next we calculate for (xi - μ)

(158 - 170) = (-20)^2 = 400

(95 - 170) = (-75)^2 = 5625.

(175 -170 ) = (5)^2 = 25.

(180 -170) = (10)^2 = 100

(95 - 170) = (-75)^2 = 5625.

(129-170) = (-41)^2 = 1681

(228 -170) = (58)^2 = 3364.

(300-170) = (130)^2 = 16900.

Summation of (xi - μ)

= 400 + 5625 +25 + 100 + 5625 + 1681 + 3364 + 16900

= 33720.

S = Σ√(xi - μ) /n-1

= √( 33720 - 170 ) / 8-1

= √ (33550/7)

= √4792.86

= 69.23

Standard deviation is 69.3

PLEASE HELP ME OR I WILL DIE...WHAT IS THE VALUE OF Y?!!!!!! I WILL BRAINLY, THANK FOR HELP AND FRENNNDDDDD

Answers

Answer:

Y = -128

Step-by-step explanation:

X is 36

5 divided by 10
(This is a random question I just thought of, whoever answers first I’ll give brainliest)

Answers

5/10 xdddddddddddddddd

.5

Step-by-step explanation:

5 divided by 10 is 0.5

Compute $(\sqrt 3)^2\cdot (\sqrt 4)^3\cdot (\sqrt 5)^4$.

Answers

Answer:

\frac{x^{\frac{5}{2}}\cdot \:6y^2\sqrt[3]{y^4}}{12x^{\frac{1}{2}}\sqrt[4]{x^3}}=\frac{x^{\frac{5}{4}}y^{\frac{10}{3}}}{2}

I wrote it properly below :)

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

[tex]\frac{x^{\frac{5}{2}}\cdot \:6y^2\sqrt[3]{y^4}}{12x^{\frac{1}{2}}\sqrt[4]{x^3}}=\frac{x^{\frac{5}{4}}y^{\frac{10}{3}}}{2}[/tex]              

Answer:

600

Step-by-step explanation:

64, 57, 50, 43,... 50th term​

Answers

Answer:

-279

Step-by-step explanation:

a=64

d=t2-t1=57-64=-7

t50=a+49d=64+49×(-7)

=64-343

=-279

estimate the unit rate to the nearest hundredth 2.35

Answers

Answer:

below

Step-by-step explanation:

The 5 represents the hundredth place so this means that its already rounded to the nearest hundredth.

Best of Luck!

If you started the problem by converting 1 pound to 16 ounces, would you get the same results?

Answers

Answer:

yes

Step-by-step explanation:

you would get results bc results are results

Flo and Carl each must read a 500-page book. Flo reads one page every minute. Carl reads one page every 50 seconds. Flo starts reading at 1:00, and Carl starts reading at 1:30. When will Carl catch up to Flo?​​

Answers

Answer:

Carl will catch up Flo at 4:00

Step-by-step explanation:

Given

Flo reads one page every minuteCarl reads one page every 50 secondsCarl starts 30 minutes lateMax number of pages = 500

Let x be the number of pages each reads when Carl catches up Flo

Then we have the time for Flo and Carl

Flo:

x pages after x minutes

Carl:

x pages after 30 + x*50/60 minutes

The time is same:

x = 30 + 50/60xx = 30 + 5/6xx - 5/6x = 301/6x = 30x = 6*30x = 180

180 minutes = 3 hours

1:00 + 3 hours = 4:00

[tex]\large\bold{\underline{\underline{Given:-}}}[/tex]

✭Flo and carl must read a 500 page book.

✭Flo reads one page every 1 minute (60seconds).

✭Carl reads one page every 50 Seconds.

✭Flo starts reading at 1:00.

✭Carl starts reading at 1:30.

[tex]\large\bold{\underline{\underline{To \: Find:-}}}[/tex]

When will carl catch up to flo?

[tex]\large\bold{\underline{\underline{Solution:-}}}[/tex]

Let Flo read certain pages when carl catches up with him. Then carl also read the same amount pages at that time.

Let the time passed be "x" minutes.

If carl Reads 1 page every 50 seconds, then 50 seconds can be written as 5/6th of a minute.

Carl's rate will be:

[tex]Carl \: \: Rate \: = \frac{Page}{Minutes} = \frac{ \frac{1}{5} }{6} = \frac{6}{5} [/tex]

Now, flo got a 30 minute head start. therefore, when carl catches up, he will read certain pages at x + 30 minutes.

And the number of pages that carl read after the time he had started, that is, "x" minutes will be:

[tex] ⇒\frac{6}{5} \times x[/tex]

But, the number of pages carl and flo read will be the same at that time!

[tex] ⇒\frac{6x}{5} = x + 30[/tex][tex] ⇒\frac{6x}{5} - x = 30[/tex][tex] ⇒\frac{x}{5} = 30[/tex][tex]⇒x = (30 \times 5) \: \: minutes[/tex][tex]⇒x = (150) \: \: minutes[/tex]

So carl catches up after 150 minutes.

Now, 1:30 + 150 minutes = 1.5 hours + 2.5 hours = 4:00.

Carl will catch up at 4:00.

Work out the mean data for 9.7,4.5,1.9,8,6.6

Answers

Step-by-step explanation:

im not really sure about this but I think it's 6.1

Find the value of the expression: 1/3√.81-1

Answers

Answer:

1/6

Step-by-step explanation:

1/3÷by.81_81_1 and =1/6according to the calculator :^)

15 POINTS IF U ANSWER CORRECT


Max ran 5 miles on Thursday. One mile is equal to 5,280 feet. Which proportion can be used to determine how many feet, x, Max ran on Thursday?

Answers

Answer:

x/5 = 5280/1

Step-by-step explanation:

this is a proportion set up and then cross multiple. You will get your answer for x. Which is 26, 400 feet.

Find the indicated values, where g(t)=t^2-t and f(x)=1+x g(f(2)+3)

Answers

Answer:

[tex]g(f(2)+3)=30[/tex]

Step-by-step explanation:

We have the two functions:

[tex]g(t)=t^2-t\text{ and } f(x)=1+x[/tex]

And we wish to find:

[tex]g(f(2)+3)[/tex]

First, let’s find f(2) first. So, we will substitute 2 for x for f(x):

[tex]f(2)=1+(2)=3[/tex]

Hence, we can now substitute 3 for f(2):

[tex]g(f(2)+3)=g(3+3)=g(6)[/tex]

Now, we can find g(6). Substitute 6 for t for g(t):

[tex]g(6)=(6)^2-(6)=36-6=30[/tex]

Therefore:

[tex]g(f(2)+3)=30[/tex]

Understanding Prime Factorization
Which expressions show the prime factorization of 90?
Check all that apply.
2 3 x 15
22 x 3 x 5
0 2x 32 5
0 2 x 5 x 9
o 2 x 3 x 3 x 5
Intro
Done

Answers

Ans) The prime factorization of 90 is 2 × 3 × 3 × 5.

The last one 2 x 3 x 3 x 5

Answer 1 and 2 please and thank you

Answers

Answer:

C  DONT REPORT ME

Step-by-step explanation:

Determine whether the planes are parallel, perpendicular, or neither.8x + 8y + 8z = 1, 8x − 8y + 8z = 1 parallel perpendicular neither Correct: Your answer is correct.If neither, find the angle between them. (Round your answer to one decimal place. If the planes are parallel or perpendicular, enter PARALLEL or PERPENDICULAR, respectively.)

Answers

Answer:

The answer is "[tex]\bold{\theta= 70.53^{\circ}}[/tex]"

Step-by-step explanation:

The given value:

[tex]8x+8y+8z = 1\ and \ 8x-8y+8z = 1[/tex]  

When the normal vectors are in the plane:  

[tex]n_1 = < 8,8,8 > \ and \ n_2 = < 8, -8, 8>:[/tex]

Because the two variables really aren't proportional to each other and the wings are not parallel.  

Let us just find that two vectors' dot product.

[tex]n_1 \cdot n_2 =<8,8,8> < 8,—8,8>\\\\ = 64-64+ 64 \\\\ = 64 \neq 0[/tex]

Therefore, we won't find that angle between both the given planes as parallel.

[tex]\cos \theta = \frac{n_1 \cdot n_2}{|n_1||n_2|}\\\\\cos \theta =\frac{64}{\sqrt{192} \sqrt{192}}\\\\\cos \theta =\frac{64}{8\sqrt{3} 8\sqrt{3}}\\\\\cos \theta = \frac{1}{3}\\\\ \theta = 70.53^{\circ}[/tex]

It is required to know the orientation of one plane relative to the other.

The angle between the planes is 70.5°.

Planes

The given planes are

8x + 8y + 8z = 1

8x − 8y + 8z = 1

Parallel

[tex]\dfrac{8}{8}=\dfrac{8}{-8}=\dfrac{8}{8}\\\Rightarrow 1\neq -1\neq 1[/tex]

The planes are not parallel.

Perpendicular

[tex]8\times 8+8\times -8+8\times8=64\neq 0[/tex]

The planes are not perpendicular as dot product is not 0.

Finding angle

[tex]\theta=\cos^{-1}\dfrac{8\times 8+8\times -8+8\times8}{\sqrt{8^2+8^2+8^2}\sqrt{8^2+(-8)^2+8^2}}\\\Rightarrow \theta=\cos^{-1}\dfrac{1}{3}\\\Rightarrow \theta=70.53^{\circ}[/tex]

Learn more about planes:

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Find the product. Simplify before multiplying.

15/20 x 2/5

Answers

Answer:

simplification: 3/4 x 2/5 | answer: 3/10

Step-by-step explanation:

What is the area of the figure?

Answers

Answer:   17.5 square yards

================================================

Work Shown:

base = 5 yards

height = 7 yards

The base and height are always perpendicular to one another

area of triangle = 0.5*(base)*(height)

area of triangle = 0.5*(5)*(7)

area of triangle = 17.5 square yards

The other values aren't used. They're likely thrown in as a distraction.

In Megamind, how did Megamind trap Titan in the hologram without even fighting him?

Answers

Answer:

is tghis a joe?

Step-by-step explanation:

Answer:

with the mind on a mega

Step-by-step explanation:

Calificación mínima. Para obtener una A en un curso, Stephen Heasley debe

obtener una calificación promedio de 90 o mayor en cinco exámenes. Si en los

primeros cuatro exámenes de Stephen sus calificaciones son 92, 87, 96 y 77,

¿cuál es la minima calificación que Stephen puede recibir en el quinto examen

para obtener una A en el curso?

Answers

Answer:

La mínima calificación que Stephen puede recibir en el quinto examen  para obtener una A en el curso es 98.

Step-by-step explanation:

La media (también llamada promedio o media aritmética) de un conjunto de datos es una medida de posición central. Es el valor obtenido al sumar todos los datos y dividir el resultado entre el número total de datos.

En este caso, el número total de datos es 5 y el valor de los datos de los cuales debes obtener el problema es 92, 87, 96, 77 y un valor desconocido de un quinto examen. Y sabes que este valor debe ser igual o mayor a 90.

Esto se expresa matemáticamente como:

[tex]\frac{92+87+96+77+nota}{5}[/tex]≥90

donde "nota" es la mínima calificación que Stephen puede recibir en el quinto examen para obtener una A en el curso.

Resolviendo:

[tex]\frac{352+nota}{5}[/tex]≥90

352+nota≥90*5

352+nota≥450

nota≥450 - 352

nota≥98

La mínima calificación que Stephen puede recibir en el quinto examen  para obtener una A en el curso es 98.

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