YIf the annual inflation rate is 4% in the U.S. for the next 10 years, then how much will a $20,000 car cost in 10years? Hint: use f(x) = 20000(1.04). Round your answer to the nearest dollar.Do not use spaces or commas in your answer. For example, if the answer is $23,546.3765 then enter youranswer as: 23546Answer: Select the correct function which corresponds to the following graph:Select one:A. f(x) = 2* +__B. ƒ(x) = ²(c. f(x) = 2x – 1D. f(x) = 2x-1E. f(x) = 2x+113

Since you have asked multiple questions, we will solve the first question for you. If you want any…

Answered: If the annual inflation rate is 4% in…

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 66SE: Kyoko has 10,000 that she wants to invest. Her bankhas several investment accounts tochoose from,...

See similar textbooks

Similar questions

Kyoko has 10,000 that she wants to invest. Her bankhas several investment accounts tochoose from, allcompounding daily. Her goal is to have 15,000 bythe time she finishes graduate school in 6 years. Tothe nearest hundredth of a percent, what should herminimum annual interest rate be in order to reach hergoal? (Hint: solve the compound interest formula forthe interest rate.)
The average percent defective product of a manufacturing plant is 1.20%. On a particular day 50 pieces were rejected out of a total daily production of 2730 pieces. What is the percent increase of defective pieces for the day above the average percent defective? Round the answer to 2 decimal places.
A man buys a motorcycle. There will be no maintenance cost the first year as the motorcycle is sold with 1 year free maintenance. The 2nd year the maintenance is estimated at P2000. In subsequent years, the maintenance cost will increase by P2000 per year. How much would need to be set aside now at 5% interest to pay the maintenance costs of the motorcycle for the first 6 years of ownership? show solution
A house was valued at $100,000 in the year 1989. The value appreciated to $165,000 by the year 2001. A. What as the annual growth rate between 1989 and 2001? r= _________round the growth rate to 4 decimal places B. What is the correct answer to part A written in percentage form? r = _______% C. Assume that the house value continues to grow by the same percentage. What will the value equal in the year 2005? value = $ _____________ round to the nearest thousand dollars.
You have $10,000 that you are considering whether to invest . If you invest it in an account that has an interest rate of 4.1% per year, compunded countiniusly, how much money would there be in the account after 8 years?
Worldwide annual sales of a product in 2013–2017 were projected to be approxi-mately q = −10p+ 4420 million units at a selling price of $p per unit. What selling price would have resulted in the largest projected annual revenue? What would have been the resultingprojected annual revenue?
The principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r to the nearest tenth of a percent. P = $3300.00, A =$3353.63, t = 3months
Use the appropriate function in Excel to answer the following question. How much money would you have in a savings account at the end of 3 years if the following assumptions were true? You make payments of $30 a month to your savings account every month for 3 years. Your savings account has a fixed APR of 1.2%. Note: A fixed APR is an annual interest rate that does not change during the 3-year period. You will not take any money out of your savings account during this 3-year period. You have no beginning balance. (Round to the nearest cent)
kyoko has $10,000 that she wants to invest. Her bank has several investment accounts to choose from , all compounding daily. Her goal is to have $15,000 by the time she finishes graduate school in 6 years. To the nearest hundredth of a percent, what should her minimum annual interest rate be to reach her goal? (Hint: solve the compund interest formula for the interest rate)
Jaquan hopes to earn $1100 in interest in 3.1 years time from $55,000 that he has available to invest. To decide if it's feasible to do this by investing in an account that compounds quarterly, he needs to determine the annual interest rate such an account would have to offer for him to meet his goal. What would the annual rate of interest have to be? Round to two decimal places.
SF has purchased a streaming audio service for $8.00 per month. As he listens to more songs in a month he spreads this fixed cost over a larger quantity, q. Derive an algebraic formula for his average fixed cost per song and draw it in a diagram.
An office machine is purchased for $6400. Assume that its salvage value, V, in dollars, depreciates, according to a method called double declining balance, by 40% each year and is given by V(t)=6400(0.60)t, where t is the time, in years, after purchase. a) Find V(9), and explain its meaning. b) Find V′(9), and explain its meaning. c) When will the salvage value of the office machine be half of the purchase price?

SEE MORE QUESTIONS

Recommended textbooks for you

College Algebra

Algebra

ISBN:

9781938168383

Author:

Jay Abramson

Publisher:

OpenStax

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

College Algebra

Algebra

ISBN:

9781938168383

Author:

Jay Abramson

Publisher:

OpenStax

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

SEE MORE TEXTBOOKS