Mel Sturbridge needs $24,700 to remodel his home.
Find the face value of a simple discount note that will provide the $24,700 in proceeds if he plans to repay the note in 180 days and the bank charges an 8% discount rate.

Round to the nearest cent.

Answers

Answer 1
24,700 = P*(1 -rt)
P = $24,700/(1 -0.08*(180/360)) = $25,729.17 . . . . . assuming a 360-day year

The face value is $25,729.17.
Answer 2
Final answer:

To find out the face value of a simple discount note that will provide a proceed of $24,700 with an 8% discount rate for 180 days, use the formula FV = P / (1 - (r * t)). Plug in the given values and compute the answer. The result is the required face value and should be rounded to the nearest cent.

Explanation:

To find out the face value of a simple discount note, we can use the formula FV = P / (1 - (r * t)) where FV represents the face value, P is the proceeds, r is the discount rate, and t is the time in years.

In the problem, P = $24,700, r = 8% or 0.08 (expressed as a decimal), and t = 180/365 because there are 365 days in a year and the note is for 180 days. Let's substitute these values into the formula:

FV = 24700 / (1 - (0.08 * (180/365))

When you calculate the expression on the right, the answer will be the face value required to get a proceed of $24,700 with an 8% discount rate for 180 days. Round to the nearest cent for your final answer.

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Related Questions

Elizabeth lives in San Francisco and works in Mountain View. In the morning, she has 333 transportation options (take a bus, a cab, or a train) to work, and in the evening she has the same 333 choices for her trip home. If Elizabeth randomly chooses her ride in the morning and in the evening, what is the probability that she'll use a cab exactly one time?

Answers

All transportation (bus, cab, train) are all similarly likely to be selected, and 1 of them must be selected at morning and evening, so we get: P (bus) = P (cab) = P (train) = 1/3. We also have P(no cab in evening) = P(no cab at morning) = 2/3 
Now, P(using cab exactly once) = P(cab at morning and no cab in the evening) + P(no cab at morning and cab in the evening)
= P(cab, no cab) + P(no cab, cab) 
= 1/3 * 2/3 + 2/3 * 1/3 
= 2/9 + 2/9 
= 4/9 
Probability that Elizabeth uses a cab only once is 4/9.

Answer:

4/9

Step-by-step explanation:

The denominator of a fraction is three more than twice the numerator. If both numerator and denominator are decreased by one, the simplified result is 7/16. Find the original fraction.

Answers

Old Condition
Numerator = n = x
denominator = d = 2n + 3

New Condition
(x - 1) /(2x + 3 - 1) = 7 / 16
(x - 1) / (2x + 2) = 7 / 16 

Cross multiply and solve
16*(x - 1)  = 7 * (2x + 2) Remove the brackets.
16x - 16 = 14x  + 14 Add 16 to both sides.
16x = 14x + 30 Subtract 14x from both sides.
2x = 30 Divide by 2
x = 15

You really should check this.
Original fraction
15/33
Now subtract 1 from the top and bottom.
14/32 Divide both by 2
7 / 16 which checks out perfectly 

Caitlin has 4 and 3/4 lb of place use 1 1/10 pound to make a cup and another 2 pounds to make a jar how many pounds are left

Answers

we know that
4 3/4---------> (4*4+3)/4----------> 19/4
1 1/10-----------> (10*1+1)/10----> 11/10

[pounds left]=[(19/4)-(11/10)-(2)]----> (10*19-4*11-40*2)/40
=(190-44-80)/40-------> 66/40---------> 1.65 pounds
1.65-----> 1 65/100--------> 1 13/20 pounds

the answer is 1.65 pounds  (1 13/20 pounds)


show steps in solving ax^2+bx+c=0

Answers

Solving for A.

STEP 1 ● Add -bx to both sides.
ax^2 + bx + c + -bx = 0 + -bx
ax^2 + c = -bx

STEP 2 ● Add -c to both sides.
ax^2 + c + -c = -bx + -c
ax^2 = -bx -c

STEP 3 ● Divide both sides by x^2
ax^2 / x^2 = -bx -c / x^2
a = -bx -c / x^2

ANSWER ● a = -bx -c / x^2

Hope I helped

During dance practice, Sasha drank 21⁄2 pints of water, and on the way home she drank 1⁄2 cup of water. How much water did she drink in total?


Cups and ounces

Answers

Final answer:

Sasha drank a total of 5.5 cups of water, considering that 1 pint equals 2 cups.

Explanation:

The question is asking us to determine the total amount of water Sasha drank in pints and cups. First, it is important to note that 1 pint equals 2 cups. Sasha drank 21⁄2 pints of water during dance practice, which is equivalent to 5 cups of water (2.5 pints * 2). On the way home, she drank an additional 1⁄2 cup of water. Therefore, in total, Sasha drank 5.5 cups of water.

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Insurance that pays for damages to houses or businesses is called _____.
 A.property/homeowners insurance 
B.renters insurance
 
C.building insurance
 
D.liability insurance

Answers

Answer:

Option A is correct answer.

Step-by-step explanation:

Insurance that pays for damages to houses or businesses is called - property/homeowners insurance.

The homeowners insurance protects ones personal property. This insurance deals with the insurance covers for repairing or replacing ones home and belongings, if they are damaged by fire or theft.

It also covers for the damage to others property inflicted by you or when any visitor damages your property.

Final answer:

Insurance that pays for damages to houses or businesses is called property/homeowners insurance, which covers a range of risks and includes liability coverage. The policy generally provides cash value or replacement value for the insured property and possessions.

Explanation:

The insurance that pays for damages to houses or businesses is called property/homeowners insurance. This type of insurance is crucial as it provides a safety net against various risks such as fire, wind damage, theft, and falling trees. Besides covering damages to the physical structure of a home, homeowners insurance often includes liability coverage, which protects the homeowner up to a certain amount if someone is injured on their property, except in cases where the law is being broken.

Furthermore, it is worth noting that an insurance policy generally has a cash value. If a house is destroyed, the policy will pay out the current value of the house. A replacement value policy is recommended, as it will adjust the payout based on inflation and cover the cost to replace the home, including other structures like garages and pools as well as personal property within the house.

find the slope pf the line on the grap (-2,2),(4,0) reduce all fractional answers to the lowest term.
1). -3
2 ). -1/3
3). -1

Answers

Hey there! :) 

We're trying to find the slope of the line on the graph (not given, but that's okay). We're given the points (-2, 2) and (4, 0). 

Using the slope equation, we simply just have to plug our points in and boom - there's your slope! 

Slope equation : m = y₂ - y₁ / x₂ - x₁

Now, using our given points, we can very simply plug everything in! :)

Now, in case you didn't know which number aligns with which variable, I'll go ahead and help you out with this. 

x₁ = -2 , x₂ = 4 , y₁ = 2 , y₂ = 0

Now, let's plug and chug!

m = (0 - 2) / (4 - (-2))

Simplify.

m = -2 / 4 + 2

Simplify.

m = -2 / 6

Simplify.

m = -1/3

So, our slope is -1/3.

~Hope I helped!~

collins cafeteria offers a selection of 5 meats,six vegetables and 8 deserts.in how many ways can you select a meal of 2 different meats,3 different vegetables and 2 different deserts

Answers

2 different meats are to be selected from 5 meats.
3 different vegetables are to be selected from 6 vegetables.
2 different deserts are to be selected from 8 deserts.

This is a combination problem.

Number of ways to select 2 meats from 5 meats = 5C2 = 10
Number of ways to select 3 vegetables from 6 vegetables = 6C3 = 20
Number of ways to select 2 deserts from 8 deserts = 8C2 = 28

Total number of ways to select a meal 2 different meats,3 different vegetables and 2 different deserts = 10 x 20 x 28 = 5600 ways.

This means the meal of 2 different meats,3 different vegetables and 2 different deserts can be selected in 5600 different ways.

Checking account A charges a monthly fee of $7 and a per-check fee of $0.20, and checking account B charges a monthly fee of $8 and a per-check fee of $0.15. How many checks would a person have to write for the two accounts to cost the same?

Answers

20 is the answer sorry if it is wrong

Answer:

ummmmmmmmmmm the answer is 20

Step-by-step explanation:

on apex


PLEASE HELP 50 POINTS
Consider the following equation in chemical equilibrium. C2H4(g) + H2(g) mc009-1.jpg C2H6(g) + 137 kJ What happens to the amount of ethane (C2H6) when the temperature of the system is increased? The amount of ethane decreases. The amount of ethane increases initially and then decreases. The amount of ethane increases. The amount of ethane decreases initially and then increases.

Answers

The correct answer is the amount of ethane decrease. Because this reaction is an exothermic reaction and the heat is a product  of the reaction, So when the number of temperature increases, so (More heat will be added) So the reaction will go leftward (towards reactants) So the amount of c2h4 & H2 Will increase and the amount of ethane C2H6 will decrease. Hope this helps you!:)

A. The amount of ethane increases.


ami would like to withdraw $10,364.10 at the end of each year, for 10 years, from an account paying 2.3% compounded annually. Determine the amount needed in the account for Tami to do this. Round to the nearest cent.

Answers

Answer = $3,140.64


EXPLANATION

Given,

Amount, A = 10,364.10
Rate, r = 2.3
Number of times interest is compounded per year, n = 1
Time (in years), t = 1
Principal, P = ?

Formula: A = P [tex](1 + \frac{r}{n} )^{nt} [/tex]

10,364.10 = P [tex]( 1 + \frac{2.3}{1} )^{1} [/tex]

10,364.10 = P + 2.3P

10,364.10 = 3.3P

P = [tex] \frac{10,364.10}{3.3} [/tex]

P = 3,140.64 (Rounded off to the nearest cent)

Answer:

The amount needed in the account is $ 91,651.91 .

Step-by-step explanation:

This can be solved applying the annuity formula for a present value.

The annual withdraw is P=$10,364.10.

The interest rate is r=2.3%, compounded anually.

The period for the withdrawals is n=10 years.

The amount needed in the account is equal to the present value ot the withdrawals:

[tex]PV=\sum_{k=1}^{10} \dfrac{P}{(1+r)^k}=\dfrac{P}{r}\left[1-(1+r})^{-10}\right]\\\\\\ PV=\dfrac{10,364.10}{0.023}\left[1-(1.023})^{-10}\right]\\\\\\PV=450,613.04\left[1-0.80\right]\\\\\\PV=450,613.04*0.20\\\\\\PV= 91,651.91[/tex]

a chef makes 1 1/2 os soup in a large pot.How many 1 cup servings can the chef get

Answers

One cup is 8oz. So 0 servings. 
If you entered the question wrong just reply and I will attempt to help.

what am i supposed to do??

Answers

Exterior angle theorem
16x - 7 = 8x + 2 + 10x - 19    ===>  16x -7 = 18x - 17
16x - 16x - 7 = 18x - 16x - 17 ===> -7 = 2x - 17
-7 + 17 = 2x - 17 + 17             ===> 10 = 2x ======> 5 = x
Plug x in to each equation.
Angle P: 8(5) + 2 = 42 deg, Angle Q: 10(5) - 19 = 31
The sum of interior angles = 180. 180 - 42 -31 = 107 deg (angle of PRQ)
To check that line other angle : 16(5) -7 = 73 deg + 107 = 180 deg


Each voter in a county is given a number that uniquely identifies them. A computer is used to select 500 of these numbers at random. The 500 voters identified by the computer are interviewed for a study. Which type of sampling was used? convenience cluster systematic random

Answers

Random selection was used

Answer:

Random sampling

Step-by-step explanation:

Given : . A computer is used to select 500 of these numbers at random. The 500 voters identified by the computer are interviewed for a study.

To Find : Which type of sampling was used?

             1. convenience

             2. cluster

             3. systematic

              4. random

Solution :

Definition of convenience sampling: A type of non-probability sampling method where the sample is taken from a group of people easy to contact

Definition of cluster sampling :In this sampling one divides the population into separate groups Then, a simple random group is selected from the population.

Definition of systematic sampling : A type of sampling method in which sample members from a larger population are selected according to a random starting point and a fixed, periodic interval. The interval is called  sampling interval, is calculated by dividing the population size by the desired sample size.

Definition of random sampling :It is a type of sampling technique in which each sample has an equal probability of being chosen.

After considering all the definitions we can see that in the given case random sampling was used .

Hence random sampling was used .

(-3+v+3u)(-7)y
Use the distributive property to remove the parentheses.

Answers

Simplify the expression.
-21uy-7vy+21y

And... wah-la! The parentheses are gone.

Happy studying.
~Brooke❤️

A 25-foot ladder is placed against a vertical wall of a building, with the bottom of the ladder standing on level ground 6 feet from the base of the building. How high up the wall does the ladder reach?

Round to the nearest hundredth

Answers

24.27 is the answer

hope it helps
Final answer:

The ladder reaches a height on the wall of approximately 24.29 feet.

Explanation:

To find the height on the wall that the ladder reaches, we can use the Pythagorean theorem. The ladder, the wall, and the ground form a right triangle. The ladder is the hypotenuse, the distance from the base of the building to the ladder is one leg, and the height on the wall that the ladder reaches is the other leg. Using the Pythagorean theorem, we have:

a² + b² = c²

where a is the distance from the base of the building to the ladder (6 feet), b is the height on the wall, and c is the length of the ladder (25 feet).

Solving for b, we have:

b = √(c² - a²)

Substituting the given values, we get:

b = √(25² - 6²) = √(625 - 36) = √589 ≈ 24.29 feet

Therefore, the ladder reaches a height on the wall of approximately 24.29 feet.

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Use the distance formula to find the length of the line with endpoints at (1,3) and (3,1)?

√8
8
√32
32

Answers

Let's plug the coordinate point values into the equation: 
[tex] \sqrt{(3-1)^{2} +(1-3)^{2} } [/tex]
(1,3) is x₁ and (3,1) is x₂
Begin to simplify within the parenthesis: 
[tex] \sqrt{2^{2}+(-2)^{2} } [/tex]
Square the two numbers: 
[tex] \sqrt{4 + 4} [/tex] 
Add the two to get: 
[tex] \sqrt{8} [/tex] 
Since 8 is not a square number, this is as far as we can simplify this. Hope this helps!

Tom can whitewash a fence at a rate of six square feet per minute. Huck can whitewash a fence at a rate of ten square feet per minute. Tom starts painting her fence, and five minutes later, Huck starts to help Tom. When they finish painting the fence, each person has painted half of the fence. How many square feet is the fence?

Answers

H = Huck = 10 square feet a minute
T = Tom = 6 square feet a minute.

The "distances" they have to go are equal since both do the same amount.
R_Tom * time_tom = R_Huck * time huck

6* (t) = 10 * (t - 5)  
6t = 10t - 50 Add 50 to both sides
6t + 50 = 10t Subtract 6t from both sides.
50 = 4t Divide by 4
50/4 = t
12.5 = t

This means that tom was working for 12.5 minutes. He does 6 square feet a minute The amount of fence he does is 12.5 * 6 = 75 square feet.

Since Huck does the same amount the total is 75 * 2 = 150 square feet total.

which is bigger 3.3 or 0.8

Answers

3.3 is bigger than 0.8
3.3 is bigger than 0.8

~3.3-0.8=2.5 so 3.3 is bigger than 0.8 by 2.5.

I hope this helps you:)

All the answers to 6ft.12 in

Answers

There are an infiinite number of ways that 6 ft 12 in can be rewritten. The simplest is
  7 ft

what is the value of x enter your answer in the Box

Answers

61.4 is the value of x

How do you write 331 in scientific notation?

Answers

scientific notation: 
331 = 3.31 x 10²
Hello,

The answer is "3.31*10^2".

Reason:

331=331*10^3

If you need anymore help feel free to ask me!

Hope this helps!

~Nonportrit

1.304 times 10 ^7 in standard form

Answers

Hello there!

First, let's first do [tex]10^7[/tex]

[tex]10*10*10*10*10*10*10=\boxed{10,000,000}[/tex]

Second step.

We do [tex]10,000,000*1.304=13,040,000[/tex]

I hope this helps you!

if Trigg spends 23.50 on gas, what is the total distance the boys could travel

Answers

You need to tell us more like, how many miles= $1 of gas.

To determine the total distance Trigg could travel with $23.50, you divide this amount by the cost per gallon of gas and then multiply by the car's MPG. Using an MPG of 27 and a gas price of $2.86 per gallon as example figures, Trigg could travel approximately 221.859 miles.

To calculate the total distance Trigg could travel with $23.50 spent on gas, we need to know the car's fuel efficiency (miles per gallon) and the current gas price per gallon. Since this information isn't provided directly in your question, let's use the example information provided. Assuming a car gets 27 miles per gallon and gas costs $2.86 per gallon, we first calculate how many gallons Trigg can buy with $23.50:

Divide $23.50 by the cost of a gallon of gas ($2.86) to find out how many gallons he can purchase:
$23.50 / $2.86 = 8.217 gallons (approximately).Multiply the number of gallons by the fuel efficiency of the car to find out the total distance: 8.217 gallons x 27 miles per gallon = 221.859 miles (approximately).

Therefore, with $23.50 and the given fuel efficiency and gas price, Trigg could travel approximately 221.859 miles.

can someone help!!!plz

Answers

Try this solution (shortly):
if the given angles are: 20x+5 and 24x-1, then according to the property of the adjacent angles their sum is 180°:
(20x+5)+(24x-1)=180; and
x=176/44=4

answer: 4.

What is the value of x when 3/x+6=6/8x-12

Answers

3/(x+6) = 6/(8x-12)
6(x+6) = 3(8x-12)
6x+36 = 24x-36
36+36= 24x-6x
72= 18x
4=x
X=4

The mass in a pendulum clock completes one complete swing in 1.00 s . what is the length of the rod?

Answers

The period of oscillation of a pendulum is
[tex]T=2 \pi \sqrt{ \frac{L}{g} } [/tex]
Where L is the length of the pendulum and [tex]g=9.81 m/s^2[/tex] the gravitational acceleration.
Re-arranging the formula and using T=1.0 s, we find the length of the pendulum:
[tex]L= \frac{T^2g}{4 \pi^2}=0.25 m [/tex]
Final answer:

The length of the pendulum or rod in a pendulum clock that completes one swing in 1.00 seconds is approximately 0.25 meters, or 25 centimeters.

Explanation:

The time taken by the pendulum to complete one full swing is also known as its period, denoted by T. You indicated that in this case the pendulum completes one swing in 1.00 seconds. To determine the length of the pendulum, or rod, we use the formula for the period of a simple pendulum, T=2π√(L/g), where L is the length of the pendulum and g is the acceleration due to gravity (approximately 9.8 m/s² on Earth).

Setting T to 1.00 seconds and g to 9.8 m/s², we can solve this equation for L:

L = (T² * g) / 4π²

Substituting the given values:

L = (1.00² * 9.80) / 4π²

This gives us a pendulum length of approximately 0.25 meters, or 25 centimeters.

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A week before the election, 1,500 people were asked who they planned to vote for. 45% said they planned to vote for Candidate X. 38% said they planned to vote for Candidate Y. The rest said they had not decided yet. How many of the people who were asked have not yet decided for whom they plan to vote?

Answers

The answer  to you question is 17% Of the people have not yet decided

A week before the election, [tex]1,500[/tex] people were asked who they planned to vote for. [tex]45[/tex]% said they planned to vote for Candidate [tex]X[/tex]. [tex]38[/tex]% said they planned to vote for Candidate [tex]Y[/tex]. So, the answer is A. [tex]255[/tex] people.

To find out how many people have not yet decided who they plan to vote for, let's first calculate the total number of people asked.

[tex]Total[/tex] [tex]people[/tex] [tex]asked[/tex] [tex]= 1,500[/tex]

Now, let's find out how many people have already decided:

[tex]For candidate X: 45% of 1,500\\\\= 0.45 * 1,500 = 675 people\\For candidate Y: 38% of 1,500\\= 0.38 * 1,500 = 570 people[/tex]

Now, let's subtract the people who have already decided from the total number of people asked:

[tex]Total people who have not decided = Total people asked - (People for candidate X + People for candidate Y)[/tex]

[tex]= 1,500 - (675 + 570)\\= 1,500 - 1,245\\= 255[/tex]

So, the answer is A. [tex]255[/tex] people.

COMPLETE QUESTION:

A week before the election, [tex]1,500[/tex] people were asked who they planned to vote for. [tex]45[/tex]% said they planned to vote for Candidate [tex]X[/tex]. [tex]38[/tex]% said they planned to vote for Candidate [tex]Y[/tex]. The rest said they had not decided yet. How many of the people who were asked have not yet decided for whom they plan to vote?

Manny has a credit card with a line of credit at $4,000. He made the following purchases: $425.36, $358.33, $377.11, and $90.20. What is Manny's available credit?

Answers

$2,749. 425.36+358.33+377.11+90.20= 1,251. 4,000- 1251= 2,749
Final answer:

Manny's available credit is $2,749.00.

Explanation:

To find Manny's available credit, we need to subtract the total of his purchases from his line of credit. Manny's purchases total $425.36 + $358.33 + $377.11 + $90.20 = $1,251.00. So, to find his available credit, we subtract $1,251.00 from his line of credit of $4,000.00. The available credit is $4,000.00 - $1,251.00 = $2,749.00.

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Please help with number 10

Answers

Answer:

see below for a drawingthe area of one of the trapezoids is 20 units²

Step-by-step explanation:

No direction or other information about the desired parallelogram is given here, so we drew one arbitrarily. Likewise for the segment cutting it in half. It is convenient to have the bases of the trapezoids be the sides of the parallelogram that are 5 units apart.

The area of one trapezoid is ...

  A = (1/2)(b1 +b2)h = (1/2)(3+5)·5 = 20 . . . . square units

The sum of the trapezoid base lengths is necessarily the length of the base of the parallelogram, so the area of the trapezoid is necessarily 1/2 the area of the parallelogram. (The area is necessarily half the area of the parallelogram also because the problem has us divide the parallelogram into two identical parts.)

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