a building contractor gives $12,000 promissory note to a plumber who has loaned him $12,000. The note is due in 9 months with interest at 9%. six months after the note is signed, the plumber sells it to a bank. If the bank gets a 10% return on its investment, how much will the plumber receive ? Will it be enough to pay a bill for $12,104? how much will the plumbee receive ? round to nearest cent as needed

Answers

Answer 1

The plumber will receive an amount that is equal to the present value of the promissory note. To calculate this, we need to determine the present value of $12,000 due in 9 months with an interest rate of 9%. Using the present value formula, the amount will be $10,221.76

To explain the calculation in more detail, we can use the present value formula for a single payment:

PV = FV / (1 + r)^n

Where:

PV = Present value

FV = Future value (the amount due on the promissory note)

r = Interest rate per period

n = Number of periods

Plugging in the values, we have:

PV = 12,000 / (1 + 0.09)^9

Using a calculator, we can compute the present value to be approximately $10,221.76.

Therefore, the plumber will receive around $10,221.76 when selling the promissory note to the bank.

Now, let's see if this amount is enough to pay a bill for $12,104. Unfortunately, the amount received by the plumber ($10,221.76) is less than the bill amount ($12,104). Therefore, it will not be enough to cover the bill, leaving a shortfall of $1,882.24.

In summary, the plumber will receive approximately $10,221.76 when selling the promissory note to the bank. However, this amount will not be sufficient to pay the bill for $12,104, resulting in a shortfall of $1,882.24.

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Related Questions

what is an angle whose vertex is on the circle and sides are chords?

Answers

An angle whose vertex is on the circle and sides are chords inscribed angle.

An inscribed angle is one whose vertex is on a circle and whose sides intersect the circle (the sides contain circle chords).

An inscribed angle's size is equal to half the size of the arc it intersects.

Even when the vertex of an inscribed angle is moved around the circle, the angle remains the same. (inside the same chord side)

An inscribed angle is one whose vertex is on a circle and whose sides intersect the circle (the sides contain circle chords).An inscribed angle's size is equal to half the size of the arc it intersects.

When the side holding the chord is a Diameter, the inscribed angle is a right angle.

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The Suarez family paid $16.50 for 3 movie tickets. How much would they have paid for 12 tickets?

Answers

Answer:

It will cost 66 dollars for 12 tickets

Step-by-step explanation:

We can write a ratio to solve.

16.50       x

-------- = ----------

3            12

Using cross products

12 * 16.50 = 3x

198 = 3x

66 = x

It will cost 66 dollars for 12 tickets

what is the percent change from 450 to 117

Answers

Answer:

Change ≈ 284.6154%

Step-by-step explanation:

To calculate the percent change of two numbers such as 450 to 117, you use the Percent Change Formula, where a is the start value and b is the end value.

(b-a)/a x 100

When we insert a = 450 and b = 117 in the formula above, then we get the following that we can simplify and solve to get the percent change from 450 to 117.

(117-45)/450 x 100

-333/450 x 100

Change = -74%

Now you know that the percentage change from 450 to 117 is -74%. Since it is a negative answer, it means that if you subtract 74% from 450, then you will get 117.

Find the percent change from the first value to the second.

50; 35

Answers

Answer:

30

Step-by-step explanation:

sherry buys a 5-ounce cup of ice cream. the summer heat melts the ice cream before she can eat any. what describes the weight of the melted ice cream?

Answers

The weight of the melted ice cream would be the same as the weight of the original ice cream, which is 5 ounces.

a quantity or thing weighing a fixed and usually specified amount. : a heavy object (such as a metal ball) thrown, put, or lifted as an athletic exercise or contest. 3. : a unit of weight or mass see Metric System Table.

When the ice cream melts, it undergoes a change in state from solid to liquid, but the total mass or weight remains unchanged. Therefore, the weight of the melted ice cream is still 5 ounces.

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the new jersey renewable energy incentive program provides incentives for the use of photovoltaics, solar hot water, and other renewable energy sources. during the last few years it was assumed that approximately 20% of families in new jersey are interested in the program. however, it is now suspected that this figure has increased. in order to test this, a random sample of 1200 families is selected, and it is found that 360 of them are interested in the program. what are the null and alternative hypotheses that should be used (h0

Answers

The sample proportion (360 out of 1200) can be used to estimate the population proportion, and statistical tests such as a one-sample proportion test or a Z-test can be applied to evaluate the hypotheses and determine the significance of the results.

The null and alternative hypotheses that should be used in this scenario are as follows:

Null Hypothesis (H₀): The proportion of families interested in the program is still 20% or less.

Alternative Hypothesis (H₁): The proportion of families interested in the program has increased, i.e., it is greater than 20%.

Symbolically, we can represent the hypotheses as:

H₀: p ≤ 0.20 (proportion is 20% or less)

H₁: p > 0.20 (proportion is greater than 20%)

In this case, "p" represents the population proportion of families in New Jersey interested in the renewable energy program.

To determine if there is sufficient evidence to reject the null hypothesis in favor of the alternative hypothesis, a hypothesis test can be conducted using appropriate statistical methods.

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If f(x) is an exponential function where f(-1)=26 and f(6.5)=14, then find the value of f(5), to the nearest hundredth.

Answers

Given an exponential function f(x) where

f(-1) = 26 and

f(6.5) = 14.

We have to determine the value of f(5), rounded to the nearest hundredth.

An exponential function can be represented as f(x) = ab^x where a and b are constants.

We need to find the values of a and b.

Let's start with f(-1) = 26:

f(-1) = ab^-1

⇒ 26 = a/b. ......(1)

Similarly, f(6.5) = 14:

f(6.5) = ab^6.5

⇒ 14 = ab^6.5 .......(2)

Let's divide equation (2) by equation (1) to find the value of b.

14/26 = (ab^6.5)/(a/b)

⇒ 0.54 = b^6.5

⇒ b = 0.9196

Substitute this value of b in equation (1) to find the value of a:

26 = a/0.9196

⇒ a = 23.90

Therefore, the equation of the exponential function is

f(x) = 23.90 × (0.9196)^x.

To find f(5), substitute x = 5:

f(5) = 23.90 × (0.9196)^5

≈ 15.15

In the given problem, we are given an exponential function, f(x) where

f(-1) = 26 and

f(6.5) = 14

and we are required to find the value of f(5), rounded to the nearest hundredth

Thus, the value of f(5) is approximately equal to 15.15, rounded to the nearest hundredth.

In the given problem, we have successfully found the value of f(5), rounded to the nearest hundredth. We used the formula of the exponential function f(x) = ab^x and solved the equations to find the values of a and b. Finally, we substituted x = 5 in the equation to find the value of f(5).

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Simplify the following radical expression by rationalizing the denominator. (-6)/(\sqrt(5y))

Answers

The simplified radical expression by rationalizing the denominator is, \(\frac{-6}{\sqrt{5y}}\times\frac{\sqrt{5y}}{\sqrt{5y}}\) = \(\frac{-6\sqrt{5y}}{5y}$$\) = $\frac{-6\sqrt{5y}}{5y}$.

To simplify the radical expression by rationalizing the denominator, multiply both numerator and denominator by the conjugate of the denominator.

The given radical expression is \($\frac{-6}{\sqrt{5y}}$\).

Rationalizing the denominator

To rationalize the denominator, we multiply both the numerator and denominator by the conjugate of the denominator, \($\sqrt{5y}$\)

Note that multiplying the conjugate of the denominator is like squaring a binomial:

This simplifies to:

(-6√(5y))/(√(5y) * √(5y))

The denominator simplifies to:

√(5y) * √(5y) = √(5y)^2 = 5y

So, the expression becomes:

(-6√(5y))/(5y)

Therefore, the simplified expression, after rationalizing the denominator, is (-6√(5y))/(5y).

\($(a-b)(a+b)=a^2-b^2$\)

This is what we will do to rationalize the denominator in this problem.

We will multiply the numerator and denominator by the conjugate of the denominator, which is \($\sqrt{5y}$\).

Multiplying both the numerator and denominator by \($\sqrt{5y}$\), we get \(\frac{-6}{\sqrt{5y}}\times\frac{\sqrt{5y}}{\sqrt{5y}}\) = \(\frac{-6\sqrt{5y}}{5y}$$\)

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what are the domain and range of F(x)= 2 1 ​ (x+4) 2 −11?​

Answers

The answer is f(x)= 42x +157

What is the solution of 64 x 64 to the power of 2?

Answers

Answer:

16777216

Step-by-step explanation:

64 times 64 equals 4096. 4096 to the power of 2 is 16777216.

Please find the intercepts as ordered pairs. Find the
slope-intercept form. Plot them and sketch the graph: 3x – 4y =
–12

Answers

To find the x-intercept, we set y = 0 and solve for x. Substituting y = 0 into the equation 3x - 4y = -12, we have:

3x - 4(0) = -12

3x = -12

x = -4

Therefore, the x-intercept is (-4, 0), which means the line crosses the x-axis at -4.

To find the y-intercept, we set x = 0 and solve for y. Substituting x = 0 into the equation, we have:

3(0) - 4y = -12

-4y = -12

y = 3

So the y-intercept is (0, 3), indicating that the line crosses the y-axis at the point (0, 3).

The slope-intercept form of the equation is y = mx + b, where m is the slope and b is the y-intercept. In this case, the equation 3x - 4y = -12 can be rearranged to solve for y:

-4y = -3x - 12

y = (3/4)x + 3

Thus, the slope of the line is 3/4, and the y-intercept is 3.

Plotting the x-intercept (-4, 0) and the y-intercept (0, 3) on a coordinate plane, and connecting them with a straight line using the slope-intercept form, we obtain a line that has a positive slope and passes through these two points. The graph illustrates a linear relationship between x and y, represented by the equation 3x - 4y = -12.

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write the slope intercept form of the equation of each line through the given points (4,-2) and (-5,3)

Answers

Answer + Explanation is in the photo attached
write the slope intercept form of the equation of each line through the given points (4,-2) and (-5,3)

Adam, Brian and Carl have a total of $29. Brian has $4 more then Adam. Carl has $6 more than Brian. How much money does each person have?

Answers

Brian has $9, Adam has $5, and Carl has $15

kiran's Mother gets a resturant bill for $40. She has a coupon for 25% off. After the discount is applied, she adds 20% as a tip. What is the total after the discount and tip? Explain or show your reasoning.

Answers

Answer: $36

Step-by-step explanation:

Bill is $40, the 25% off coupon is used, and the 20% tip is left.

Step 1: Find 25% of 40

is/40=25/100 ------> 40(25)/100=10

Step 2: Find the new bill price after discount

40-10=30

Step 3: Find the 20% tip of 30

is/30=20/100 ---------> 30(20)/100=6

Step 4: Add the tip with the restaurant bill

30+6=$36

I need help and if you can’t see the letters zoom in

I need help and if you cant see the letters zoom in

Answers

Answer:

3) 45°

4) 135°

5) <WAX and <XAZ

6) <WAX and <WAU

7) <WAX and <YAU

8) <WAX and <XAZ

Step-by-step explanation:

3) 45°

4) 135°

5) <WAX and <XAZ

6) <WAX and <WAU

7) <WAX and <YAU

8) <WAX and <XAZ

Which expression represents the calculation the sum of x and 8 is divided by 6

Which expression represents the calculation the sum of x and 8 is divided by 6

Answers

I believe it is the second choice

The required expression model is given as x + 8 / 6. Option B is correct.

Given that,
To determine the expression represents the calculation the sum of x and 8 is divided by 6

What are equation models?

The equation model has defined as the model of the given situation in the form of an equation using variables and constants.

here,
According to the question,
The sum of x and 8 = x + 8
divided by 6
= x + 8 / 6

Thus, the required expression model is given as x + 8 / 6. Option B is correct.

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A bag contains:
.
5 red marbles
6 blue marbles
3 green marbles
4 black marbles
• 2 yellow marbles
A marble will be drawn from the bag and replaced 100 times. What is a reasonable prediction
for the number of times a green or black marble will be drawn?
F 14
G 65
H7
J 35

Answers

Answer:

j.35 times

Step-by-step explanation:

j. 35 times

self explanatory

I WILL GIVE YOU BRAINLIST Show your work

11/2 divide by 3/4

Answers

when deciding fractions, you flip the second fraction and make it multiplication.
So 11/2 x 4/3
11x4 = 44 and 2x3 = 6 which is 44/6
44/6 can be simplified to 22/3
The answer is 22/3

Point M is online to LN given LN equals 10 and LM equals 8 determine the length of mn​

Answers

Answer:

2 ...

Step-by-step explanation:

since LM = 8

and LN = 10

therefore MN = LN - LM .

MN = 10 - 8 .

MN = 2

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if the mean number of people who attended three basketball games was 8,242, what was the total attendance at the three games?'

Answers

If the mean number of people who attended three basketball games was 8,242, that means the sum of the number of people who attended all three games is equal to 8,242 multiplied by the number of games, which is 3.

What does math mean?

The sum of all values divided by the total number of values determines the mean (also known as the arithmetic mean, which differs from the geometric mean) of a dataset. The term "average" is frequently used to describe this measure of central tendency.

Total attendance = mean attendance * number of games

Total attendance = 8,242 * 3

Total attendance = 24,726

So the total attendance at the three games is 24,726 people.

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What is the value of v?

What is the value of v?

Answers

Answer:

70 degrees.

Step-by-step explanation:

They are vertical angles, and vertical angles are always congruent.

Solve for the Missing Angle in the Triangle

42 degrees
48 degrees
34 degrees
35 degrees

Solve for the Missing Angle in the Triangle42 degrees48 degrees34 degrees35 degrees

Answers

Answer:

x = 41.8*

Step-by-step explanation:

sinx = 16/24

Answer: the answer is B

Step-by-step explanation: sorry if im wrong

Which of these does NOT describe an equivalent ratio or rate? A) 10:35 and 8:28 B) 4:10 and 10:25 C) 40km/h and 0.06 km/min D) 1.5L for $2.30 and 7.5 L for $11.50

Answers

Answer:

C

Step-by-step explanation:

convert option a to the lowest term

10 : 35 = 2: 7 (divide both ratios by 5)

8 : 28 = 2 : 7 (divide both ratios by 7)

convert option b to the lowest term

4 : 10 = 2 : 5  (divide both ratios by 2)

10 : 25 = 2 : 5  (divide both ratios by 5)

option c

divide 40km/h by 60 to convert to km / min

40/60 = 0.7 not equivalent

option d

determine cost of 1 litre

2.3/1.5 = 1.53

determine cost of 7.5 litres

1.53 x 7.5 = 11.5

y’all i dont get this

yall i dont get this

Answers

Add 6+3 , and than put ft2

Writing and using Linear Functions Given the slope and a point - Application Identify the information given to you in the application problem below. Use that information to answer the questions that follow. Round your answers to two decimal places as needed. Tim found a piggy bank in the back of his closet that he hadn't seen in years. He decided to use it to save up for a summer vacation by depositing $73 in the piggy bank every month. After three months, he counted the amount of money in the piggy bank and found he had 233 dollars. How much money did Tim have in the piggy bank before he started making monthly deposits? Tim had in the piggy bank before he started making monthly deposits. Write a Linear Function that represents this situation. Write your function in the form of S(t)=mt+b where S(t) represents the amount of money in the piggy bank after t months of saving. Linear Function: S(t)= Tim decides he needs 598 dollars for his vacation. Find the value of t where S(t)=598. Write your answer as an Ordered Pair: Complete the following sentence to explain the meaning of the Ordered Pair. After depositing $73 per month for months, Tim will have enough money for his vacation. Question Help: □ Video □ Message instructor

Answers

Tim deposited $73 in a piggy bank every month for three months and had a total of $233. To find how much money Tim had in the piggy bank before starting the deposits, we need to determine the initial amount.

The linear function representing this situation is S(t) = 73t + b, where S(t) is the amount of money in the piggy bank after t months, and b is the initial amount. To find the value of t where S(t) = 598, we can substitute S(t) with 598 in the linear function and solve for t.

The ordered pair representing this value is (t, S(t)) = (8.21, 598). This means that after depositing $73 per month for approximately 8.21 months, Tim will have enough money for his vacation.

Given that Tim deposited $73 in the piggy bank every month for three months and had a total of $233, we can use this information to determine the initial amount of money in the piggy bank before starting the deposits. The linear function representing this situation is S(t) = 73t + b, where S(t) is the amount of money in the piggy bank after t months, and b is the initial amount.

To find the initial amount, we substitute t = 0 into the linear function:

S(0) = 73(0) + b,

233 = 0 + b,

b = 233.

Therefore, the initial amount of money in the piggy bank before Tim started making monthly deposits was $233.

To find the value of t where S(t) = 598, we substitute S(t) with 598 in the linear function:

598 = 73t + 233,

73t = 598 - 233,

73t = 365,

t = 365/73,

t ≈ 5.

The ordered pair representing this value is (t, S(t)) = (8.21, 598). This means that after depositing $73 per month for approximately 8.21 months, Tim will have enough money, $598, for his vacation.

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What times 7 will get me to 38?

Answers

There are 5 times 7 in 38 easy you can search it up and it gives you the answer right away

Answer:

5.428571428571429

Step-by-step explanation: just do 38 divided by 7 on a calculator

If P(B)=0.3,P(A∣B)=0.5,P(B ′ )=0.7, and P(A∣B ′ )=0.8, find P(B∣A).

Answers

If P(B)=0.3, P(A|B)=0.5, P(B')=0.7and P(A|B')=0.8, then the value of the probability P(B|A)= 0.2113

To find the value of P(B|A), follow these steps:

The probability of B given A can be given by the product of the probability of A given B and the probability of B, divided by the total probability of B. So, the formula for P(B|A) = P(A|B) * P(B) / [P(A|B)*P(B)+P(A|B')*P(B')]. Substituting the values, we get P(B|A) = (0.5) (0.3) / [(0.5) (0.3) + (0.8) (0.7)] ⇒P(B|A) = 0.15 / [0.15 + 0.56] ⇒P(B|A) = 0.15 / 0.71 ⇒P(B|A) = 0.2113. Therefore, P(B|A) = 0.2113.

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Which of the following are incorrect expressions for slope? Check all that apply.

Which of the following are incorrect expressions for slope? Check all that apply.

Answers

pretty sure it’s B and D

The incorrect expression for slope is Option(B) and Option(C) .

What is slope of a straight line ?

The slope of a straight line gives the measure of its steepness or inclination and direction. The slope of a straight line between two points says (x1,y1) and (x2,y2) can be easily determined by finding the difference between the coordinates of the points. The slope is usually represented by the letter 'm'.

Which statements are incorrect about expression of slope?

The slope for a straight line is represent as -

m = run/rise = (y2 - y1)/(x2 - x1) = Δy/Δx .

where x1,x2 are x coordinates of the straight line and y2,y1 are y-coordinates of the straight line.

Thus Option(B) is not the correct expression as (x2 - x1)/(y2 - y1) is not correct.

Also in Option(C), it is said that the change in dependent variable to change in independent variable , where we do not know whether x and y are dependent or independent variable to measure the slope.

Thus Option(C) is also incorrect.

Therefore, the incorrect expression for slope is Option(B) and Option(C) .

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2. Factor 12³ + 60x² + 75x.​

2. Factor 12 + 60x + 75x.

Answers

The factorization of 12x³+60x²+75x is 3x(2x+5)² ( optionD).

What is factorization?

Factorization or factoring consists of writing a number or another mathematical object as a product of several factors, usually smaller or simpler objects of the same kind.

To factorize, we have to find the common factor between the terms and bring it out. For example in 2x+6, the common factor is 2,

therefore 2x+6 = 2( x+3)

Factorising 12x³+60x²+75x is

3x( 4x²+20x+25)

4x² +20x +25 can also be further factorize

= 4x²+10x+10x+25

= (4x²+10x) (10x+25)

2x( 2x+5) 5(2x+5)

4x²+10x+25 =( 2x+5)²

therefore 12x³+60x²+75x = 3x(2x+5)²

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Can somebody help me with this?

Can somebody help me with this?

Answers

Answer:

Its y=1/2x +2(the second one)

Step-by-step explanation:

Answer: its the second one  y= 1/2x + 2

Step-by-step explanation:

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