The property of an isosceles trapezoid is that the diagonals are congruent. That is option C.
What is an isosceles trapezoid?An isosceles trapezoid is defined as the type of quadrilateral whereby line of symmetry bisects one pair of opposite sides.
The unique characteristics of an isosceles trapezoid include the following:
Only one pair of sides are parallel. Non-parallel sides (legs) are equal in measure.The diagonals are equal in measure. The base angles are equal in measure. The opposite angles are supplementary.Therefore, the property of an isosceles trapezoid that is listed above is that Diagonals are congruent which means that they are equal.
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The properties of isosceles trapezoid are
Two pairs of parallel sides
Two pairs of parallel sides
What are features of Isosceles trapezoid?An isosceles trapezoid has left and right sides that are equal in length or identical in length, therefore the base angles are also equal.
The diagonals are identical because the lengths of the left and right sides are equal and the base angles are equal.
Additional varieties of trapezoids include
There are two right angles on the right trapezoid.It is an isosceles trapezoid because its parallel and non parallel sides are of the same length.It is a scalene trapezoid since neither its angles nor its sides are equal.Generally, all trapezoids have two parallel sides.
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AB + BC = AC by what property?
O Distributive Property
O Segment Addition Postulate
O Definition of ≅ Segments
O Transitive Property
It is very important to note that this property is only valid for addition and multiplication. If, AC = AB + BC, then AB + BC = AC by the commutative property.
What is called commutative property?
According to the commutative property, a mathematical principle, the product will not be affected by the order in which we multiply the integers. The commutative property of addition states that the sum is unaffected by the order of the addends.
Only addition and multiplication processes can use the commutative property. So, when adding or multiplying any two integers, we can swap the numbers around or modify their order. This is one of the fundamental characteristics of integers.
Adjective. involving, pertaining to, or involving commutation, exchange, substitution, or interchange. Mathematics. Commutative law for multiplication makes reference to the binary operation's property that one term working on another is equal to another term operating on the first, as in a + b = b a.
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what is the answer???
Answer: Semi-Conservative, and old.
Step-by-step explanation:
ABC is a dilation of J HG centered at the origin.
Find the scale factor of the dilation.
Answer:
2 is the scale of dilation
which of the following is an example of within-subject variable?
Answer:
A within-subject variable is a type of variable in which the same subjects are used to measure multiple levels or conditions of the variable. One example of a within-subject variable would be measuring a person's reaction time to a stimulus both before and after a training intervention.
For example: measuring a person's reaction time to a visual stimulus before and after a training program in which the participant learns to react faster to the stimulus, here reaction time is the within-subject variable.
how to simplify 32/5
Answer: 6 2/5
Step-by-step explanation:
32 divided by 5 equals 6 with a remainder of 2.
How is the work energy theorem represented as an equation? (1 point)
a. ΔW = E
b.W = ΔΕ
c.W = E
d. ΔW = ΔΕ
The work energy theorem represented as an equation is ΔW = ΔΕ is appropriate option.
Option D is correct.
The work-energy theorem is what?A fundamental physics principle known as the work-energy theorem asserts that the amount of work done to an object is proportional to the change in its kinetic energy. To put it another way, the kinetic energy of an object is proportional to the net work done to it.
The work-energy theorem can be expressed as an equation because the change in an object's kinetic energy (W) is equal to the change in its work (W). It states that a change in an object's kinetic energy equals the net work done on it. The conservation of energy is a fundamental physics principle that states that energy cannot be created or destroyed; rather, it can only be transferred or converted from one form to another.
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Solve
X/2 -3 = 5
A- x=4
B- x=16
C- x=13
Answer:
x=16
Step-by-step explanation:
x/2=5+3
x/2=8
x=8×2
x=16
create the following matrices with the help of the matrix generation functions eye , ones, diag and triu. see the on-line help on these functions if required (i.e. help eye). do not enter the matrices explicitly. each matrix should be generated with a single command. m
The required solution is above with the help of matrix generation.
Now, According to the question:
A statement is a declarative sentence that is either true or false but not both. A statement is sometimes called a proposition. The key is that there must be no ambiguity. To be a statement, a sentence must be true or false, and it cannot be both.
With the help of the matrix generation functions eye , ones, diagonal and trigonal .
Command to generate matrix such as M,N,P,Q
M=6*eye(3)
N= triu (5*ones(3))
P=7*ones (3,2)
Q=diag ([2 3 4])
Therefore, the required solution is above with the help of matrix generation.
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The given question is incomplete, complete question is:
Create matrices with eye, ones, diag and triu Create the following matrices with the help of the matrix generation functions eye , ones, diag and triu. See the on-line help on these functions if required (i.e. help eye)M =[6 0 00 6 00 0 6]N =[5 5 50 5 50 0 5 ]P =[7 77 77 7]Q =[2 0 00 3 00 0 4]
A student looks out of a second story school window and sees the top of the school flagpole at an angle of evelation of 22 degrees. The student is currently 18 feet above the ground. The building is 50 ft from the base of the flagpole. a. Draw a diagram of the above scenario. b. Find the height of the flagpole
The flagpole is visible to the student from 18 feet away and at a 22-degree inclination to the ground. The flagpole is 40.3 feet tall and 50 feet away from the structure.
At an elevation of 22 degrees, the student is looking out of a second-story school window. The building is 50 feet from the flagpole's base, and the window is 18 feet above the ground. We may compute the angle of the triangle formed by the window, the ground, and the top of the flagpole using the tangent ratio to determine its height. The opposing side (the flagpole) divided by the neighboring side equals the tangent of 22 degrees (the window to the ground). Consequently, the flagpole is 40.3 feet tall (50 divided by 1.224). This indicates that the student is 18 feet above the ground and is looking down at the flagpole.
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PLEASE HURRY
Which set of statements explains how to plot a point at the location (Negative 3 and one-half, negative 2)?
Start at the origin. Move 3 and one-half units right because the x-coordinate is Negative 3 and one-half. Negative 3 and one-half is between 3 and 4. Move 2 units down because the y-coordinate is -2.
Start at the origin. Move 3 and one-half units down because the x-coordinate is Negative 3 and one-half. Negative 3 and one-half is between -3 and -4. Move 2 units left because the y-coordinate is -2.
Start at the origin. Move 3 and one-half units down because the x-coordinate is Negative 3 and one-half. Negative 3 and one-half is between -3 and -4. Move 2 units right because the y-coordinate is -2.
Start at the origin. Move 3 and one-half units left because the x-coordinate is Negative 3 and one-half. Negative 3 and one-half is between -3 and -4. Move 2 units down because the y-coordinate is -2.
Commence at the beginning. The x-coordinate is Negative 3 and 12 units, thus move 3 and 12 units to the right. The difference between 3 and 4 is negative three-half.
What is the coordinate point?A point's exact location on a two-dimensional plane is determined by a pair of numbers called its coordinates. The x and y axes, which are two axes that are at right angles to one another, are known as the coordinate plane's axes. How far along each axis a specific point is located is indicated by its coordinates.
Ordered pairs are a way of describing locations on the coordinate plane. A point's location is revealed by an ordered pair by linking the point's positions along the x-axis (the ordered pair's first value) and the y-axis (the second value of the ordered pair).
To locate points, one uses the numbers on a coordinate grid. Using an ordered pair of numbers, each point may be located.
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what is the constant of proportionality for the relationship shown in this table?
The required constant of proportionality for the relationship is 1/2.
What is Constant of proportionality?As an illustration, we may write y = kx, where x is the amount of gas in gallons, y is the price in dollars, and k is the proportionality constant. In other words, the cost is directly related to the number of gallons pumped.
According to question:Let the relation between x and y is
y = kx
Where k is proportionality constant.
Using the given values of x ad y
1 = k(2)
k = 1/2
So, the constant of proportionality for the relationship is 1/2.
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Find the equation for the plane through Po(-4,-3,8) perpendicular to the following line.
x= -4+t, y=-3-3t, z= -4t, -∞
Equation of a plane perpendicular to a given line with direction ratios <a, b, c> and passing through a point (x1, y1, z1) is given by: a(x - x1) + b(y - y1) + c(z - z1) = 0.
How do you find the equation of a plane given a point and a perpendicular line?The slope of the line we're looking for is 1/2 since perpendicular lines have opposite-reciprocal slopes. When we enter the supplied point into the equation y = 1/2x + b and solve for b, we obtain b = 6. The line's equation is therefore y = 12x + 6.
Rearranged, it is -x/2 + y = 6. a plane that is outlined by vectors that are perpendicular to a normal. As a result, when given a vector with the coordinates a, b, and c, we can infer that all planes perpendicular to this vector have the form ax+by+cz=d, and any surface with this form is a plane perpendicular to a, b, and c.
Get a direction vector to the two points first, then get the supplied normal from the plane's equation. The normal is then produced by adding the direction vector to the normal.
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in a certain large population of adults, the distribution of iq scores is strongly left-skewed with a mean of 122 and a standard deviation of 5. suppose 200 adults are randomly selected from this population for a market research study. for srss of size 200, the distribution of sample mean iq score is
If in a certain large population of adults. the distribution of sample mean iq score is: approximately Normal with mean 122 and standard deviation 0.35.
Given data:
Mean = 122
Standard deviation = 5
Sample size = 200
Now let find the the standard deviation of the sampling distribution of the mean sample using this formula
Distribution of sample mean = Standard deviation/√Sample size
Let plug in the formula
Distribution of sample mean = 5 /√ 200
Distribution of sample mean = 5/14.14
Distribution of sample mean = 0.35
Therefore the distribution of sample mean iq score is: approximately Normal with mean 122 and standard deviation 0.35.
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Please help! Systems of equation/matrix problem
5. TELEVISION During t
ring the summer, Manuel watches television M hours per day, Monday through Friday. Harry watches television H hours per day, Friday and Saturday. Ellen watches television E hours per day, Friday through
Sunday. Altogether, they watch television 37 hours each week. On Fridays, they watch a total of 11 hours of television.
If the number of hours Ellen spends watching television on any given day is twice the number of hours that Manuel
spends watching television on any given day, how many hours of television does each of them watch each day?
I watch a total of 11 hours of TV on Fridays and Ellen watches TV for ten hours every day.
How to find the television does each of them watch each day?Let's plot how long Manuel watches TV each day, with M, Harry as H, and Ellen as E.
Manuel knows that from Monday to Friday he watches TV for M hours, so the total amount of time he watches TV in his week is 5 * M = 5M.
On Friday and Saturday he watches TV for H hours a day, so the total amount of time he watches TV in a week is H*2 = 2H.
Ellen watches her E hours TV from Friday to Sunday, so the total amount of time she watches TV in a week is her E*3=3E.
In total, they watch her TV 37 hours a week.
5M + 2H + 3E = 37
I watch a total of 11 hours of TV on Fridays.
M + H + E = 11
We also know that the amount of time Ellen spends watching TV on a given day is twice as much as she does on a given day as Manuel spends watching TV.
E=2M
You can substitute the value of E for M into the second expression.
M+H+2M=11
Combining equal terms gives:
3M+H=11
Now that we have two equations, we can solve the unknowns M and H. Substitute the 3M formula for H from the second formula into the first.
5M + 2H + 3(3M + H) = 37
Expanding the right-hand side, we get:
5M + 2H + 9M + 3H = 37
Combining equal terms gives:
14M + 5H = 37
Now that we have equation 14M + 5H = 37, we can solve for H.
H = (37 - 14 eyes) / 5
Then you can substitute the formula for H with respect to M into the formula for H.
H = (37 - 14 eyes) / 5
Finally, we can solve for M using the value of H.
M = (37 - 5H) / 14
We know that H = (37 - 14M) / 5, so we can substitute this formula into the formula for M.
M = (37 - 5((37 - 14M) / 5)) / 14
Expanding and simplifying the right-hand side, we get:
M = (37 - 37 + 70M) / 14
Solving for M gives:
M=5
So Manuel watches TV for 5 hours every day and Harry watches TV for (37 - 5 * 5) / 5 = 2 hours every day.
Finally, we can use the equation E = 2M to find out how many hours Ellen watches TV each day.
E = 2 * 5 = 10
So Ellen watches TV for ten hours every day.
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The table shown below shows some values for functions f(x) and g(x). What is/are the solution(s) to f(x)=g(x)? Explain your answer(s).
a. The solutions to the system of equations f(x) = g(x) are given as follows: x = 0 and x = 1.
b. The explanation is that they have the same numeric value at these values of x.
How to interpret the solution of a system of equations?A system of equations is composed by multiple equations.
The solution to the system of equations is the point of intersection of all these equations, which happen when all these equations have the same numeric value.
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On January 1, 2017, the capital balances in Hollings worth Company are Lois Holly $26,000 and Jim Worth $24,000. In 2017 the partnership reports net income of $30,000. The income ratio provides for salary allowances of $12,000 for Holly and $10,000 to Worth and the remainder to be shared equally. Neither partner had any drawings in 2017, Instructions
(1) Prepare a schedule showing the distribution of net income in 2017.
Answer:
see below
Step-by-step explanation:
1-1-2017
H 26K
W 24K
Net income 30K
H salary 12K
W salary 10K
remain: 8K shared EQUALLY so each gets 4K extra
Distribution:
30K - H gets12+4 =16K, and W gets 10+4 = 14K
Quadrilateral PQRS is located at P (0, 1), Q (3, 2), R (4, −1), and S (1, −2). Russell and Jamie have both classified PQRS differently. Examine their proofs. Who is correct?
A. Russell
B. Jamie
C. Both
D. Neither
The correct person regarding the classification of quadrilaterals is given as follows:
B. Jamie.
How to classify the quadrilaterals?The slopes of each segment are given as follows:
-3 and 1/3.
The multiplication of these slopes is given as follows:
-3 x 1/3 = -1.
As the multiplication of the slopes is of -1, the adjacent sides meet at an angle of 90º, meaning that they are perpendicular, and hence the quadrilateral is classified as a square.
This means that Jamie is correct.
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a student has only a few hours to prepare for two different exams tomorrow morning. the above table shows alternative possible exam outcomes with three alternative uses of the student's time. the opportunity cost of scoring an 84 on the history exam rather than 76 is:
The opportunity cost of scoring a 84 on the economics exam rather than a 76 is 15 points on the History exam.
How to determine the opportunity cost?Opportunity Cost is what a person sacrifices when they choose one option over another. It is calculating by subtracting the return of the best forgone option with the return of the chosen option. The outcome could be beneficial or prejudicial, depending on the case.
In the example (refer to the attached table), if the student chooses to score 94 in the economics exam then the student will get 76 in the History test. Thus, The opportunity cost of getting 94 instead of 77 in the Economics test, implies getting 76 instead of 91 in the History exam. It implies:
Opportunity cost of the History exam = 91-76
Opportunity cost of the History exam = 15
Therefore the opportunity cost of scoring 94 on the Economics exam rather than a 77 is 15 points on the History test.
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identify the sampling method that was used. three representatives from each employee type (faculty, staff, administrators) are chosen for a salary committee.
The sampling method that was used. three representatives from each employee type (faculty, staff, administrators) are chosen for a salary committee. This uses stratified sampling.
ABOUT STRATIFIED SAMPLEIn a stratified sample, researchers divide a population into homogeneous subpopulations called strata (the plural of stratum) based on specific characteristics (e.g., race, gender identity, location, etc.). Every member of the population studied should be in exactly one stratum.
Each stratum is then sampled using another probability sampling method, such as cluster sampling or simple random sampling, allowing researchers to estimate statistical measures for each sub-population.
Researchers rely on stratified sampling when a population’s characteristics are diverse and they want to ensure that every characteristic is properly represented in the sample. This helps with the generalizability and validity of the study, as well as avoiding research biases like under coverage bias.
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what is the area of a triangular prism with dimensions of 13ft, 5 ft,12 ft, 6 ft
The area of a triangular prism with dimensions of 13ft, 5 ft, & 12 ft, and 6 ft will be 240 square feet.
What is the surface area of a triangular prism?Let h be the height and b be the base of the triangle. Let L₁, L₂, and L₃ be the length and W be the width of the rectangle.
Then the surface area of the triangular prism will be
Surface area = 2 Area of triangle + 3 Area of rectangle
Surface area = (h x b) + (L₁ + L₂ + L₃) x W
The dimension of the triangle is 13 feet, 5 feet, and 12 feet. And the width of the rectangle is 6 feet.
The surface area of the triangular prism will be given as,
Surface area = 5 x 12 + (5 + 12 + 13) x 6
Surface area = 60 + 180
Surface area = 240 square feet
The area of a triangular prism with dimensions of 13ft, 5 ft, & 12 ft, and 6 ft will be 240 square feet.
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the output column, s, was created from the student id 21444368 using the algorithm: if id digit n (left-to-right) is an even integer, place a 0 in s, row n (top-down) if id digit n (left-to-right) is an odd integer, place a 1 in s, row n (top-down) create a similar table, but with s reflecting the result of the algorithm applied to your student id (do this on scratch paper). on the quiz essay: record your student id, id
My student ID is 21444367.
The algorithm states that if the digit in the student ID (from left to right) is an even number, then a 0 is placed in the s column in the corresponding row (from top to bottom). If the digit in the student ID (from left to right) is an odd number, then a 1 is placed in the s column in the corresponding row (from top to bottom). Thus, the result of the algorithm applied to my student ID is s = 01101000.
This can be calculated by multiplying the even digits of the student ID by 0 and the odd digits of the student ID by 1 and then adding them together.
For my student ID, 21444367, the calculation would be:
0 * 2 + 1 * 1 + 0 * 4 + 1 * 4 + 0 * 4 + 1 * 3 + 0 * 6 + 1 * 7 = 01101000.
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An exit poll shows how certain parties voted on Proposition #1. Explain how the given graph is deceptive.
Complete the statements based on the pie chart.
Pie charts are used to compare
, not
. This misleads the viewer to think
half the people in all three parties voted Yes on Issue #1, when
half of Republicans and Independents actually voted Yes on Issue #1.
1) ✔ parts of a whole
2)✔ the difference between groups
3)✔ less than
4)✔ more than
Pie charts are used to compare parts of a whole, not the difference between groups. This misleads the viewer to think more than half the people in all three parties voted Yes on Issue #1, when less than half of Republicans and Independents actually voted Yes on Issue #1.
What is a pie chart?This is a type of graph that resembles a pie because it is a circle that shows the proportion of different groups.
How to interpret the pie chart?Pie charts are used to determine percentages out of 100%, however, you cannot use them to compare groups.Due to this, you should be careful when interpreting the information. For example, in this case, you might think more than half the people in all three parties voted Yes but this might not be true.Note: Here is the missing information
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if you are standing 45 feet away from a school and the angle of elevation is 66 degrees how tall is the building?
Answer:
50 m
Step-by-step explanation:
The angle of elevation of the top of the building from the foot of the tower is 30 and the angle of the top of the tower from the foot of the building is 60. the tower is 50 m high
A wage earner receives a gross pay of $983.15 for 52.5 hours of work. What is his hourly rate of pay if a regular workweek is 44 hours and overtime is paid at timeand-a-half the regular rate of pay?
Answer:
$17.32
Step-by-step explanation:
44 hours
52.5 - 44 = 8.5 hours over time for 1.5x regular pay
assume regular pay is x
so 44x + 8.5 * 1.5x =983.15
44x + 12.75x = 983.15
56.75x=983.15
x=17.324
check to see if it's correct
44*17.324 + 12.75*17.324 = 983.14
evaluate x^3 - 2x^2 +3x - 7
______________
x - 1
The expression on being divide by x-1 gives -5 as remainder and quotient (x²-x+2)
What is a polynomial expression?Polynomial is made up of two terms, namely Poly (meaning “many”) and Nominal (meaning “terms.”). A polynomial is an expression composed of variables, constants, and exponents, combined using mathematical operations such as addition, subtraction, multiplication, and division (No division operation by a variable). Based on the number of terms present in the expression, it is classified as monomial, binomial, and trinomial. For example P(x) = x²-5x+11
Given here: The expression as x³-2x²+3x-7 which is to be divide by x-1
Thus dividing using the long divsion method we get
x-1)x³-2x²+3x-7(x²-x+2
x³-x²
-________
0-x²+3x
x²+x
-________
2x-7
2x-2
-__________
-5
Thus The expression can be written as x³-2x²+3x-7 =(x-1)×(x²-x+2)-5
Hence, On dividing the given expression by x-1 by long divison method we get the remainder as 2.
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Suppose H(x)=7 root x-3 . Find two functions f and g such that (fog)(x)=H(x) .
The two functions such that composition (fog) (x) = H(x) are f(x) = 7x and g(x) = [tex]\sqrt{x-3}[/tex].
What is Function?A function is a relation from a set A to a set B where the elements in set A only maps to one and only one image in set B. No elements in set A has more than one image in set B.
We have a function H(x) = 7 [tex]\sqrt{x-3}[/tex]
We have to find two functions f and g such that (fog) (x) = H(x).
Let f(x) = 7x
g(x) = [tex]\sqrt{x-3}[/tex]
The composition of these functions is,
(fog)(x) = f (g(x))
= 7 . g(x)
= 7 [tex]\sqrt{x-3}[/tex]
= H(x)
Hence the functions are f(x) = 7x and g(x) = [tex]\sqrt{x-3}[/tex].
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Express the following sum in sigma notation. Use 1 as the lower limit of summation and k for the index of summation. 1+4+9+16+25 +36 Express the sum in sigma notation. Σ" k 1
∑[tex](k^2)[/tex] for k = 1 to 6 is the sum in sigma notation for this series of terms.
The series is 1 + 4 + 9 + 16 + 25 + 36. The lower limit of summation is 1, which means, the sum starts at the initial term in the series.
The index of summation is k, which implies, the ongoing term in the series is represented by the variable k.
In the expression [tex]k^2[/tex] which implies that we are adding up the square of the index of summation.
So, the sigma notation for this series of terms is ∑[tex](k^2)[/tex] for k = 1 to 6, which means, we are adding up the squares of the numbers from 1 to 6 (1, 4, 9, 16, 25, and 36)
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The following data represent glucose blood levels (mg/100 ml) after a 12-hour fast for a random sample of 70 women (Reference: American Journal of Clinical Nutrition, Vol. 19, pp. 345-351).
45 66 83 71 76 64 59 59 76 82
80 81 85 77 82 90 87 72 79 69
83 71 87 69 81 76 96 83 67 94
101 94 89 94 73 99 93 85 83 80
78 80 85 83 84 74 81 70 65 89
70 80 84 77 65 46 80 70 75 45
101 71 109 73 73 80 72 81 63 74
For this problem, use six classes.
(a). Find the class width
(b). Make a frequency table showing class limits, class boundaries, midpoints, frequencies, relative frequencies, and cumulative frequencies. (Give relative frequencies to 4 decimal places.
(c). Draw a histogram.
(d). Draw a relative-frequency histogram.
(e). Categorize the basic distribution shape.
(f). Draw an ogive. (Graph each point and the closed line segments connecting the points to create your graph.)
The graph can be used to determine the median, quartiles, and other statistical measures.
(a). Class width = (maximum value - minimum value)/ number of classes = (109 - 45)/6 = 9
(b).
Class Limits Class Boundaries Midpoints Frequencies Relative Frequencies Cumulative Frequencies
45 - 54 44.5 - 54.5 49.5 2 0.0741 2
55 - 64 54.5 - 64.5 59.5 7 0.2593 9
65 - 74 64.5 - 74.5 69.5 17 0.6207 26
75 - 84 74.5 - 84.5 79.5 20 0.7407 46
85 - 94 84.5 - 94.5 89.5 14 0.5185 60
95 - 104 94.5 - 104.5 99.5 7 0.2593 67
(c). Histogram
(d). Relative-Frequency Histogram
(e). The basic distribution shape is right-skewed.
(f). Ogive
The ogive graph is a cumulative frequency plot that shows the number of data values that lie at or below each given value on the x-axis. It is constructed by plotting the cumulative frequencies of each data value on the y-axis against the corresponding data values on the x-axis. The points are then connected using closed line segments to form the ogive graph. The graph can be used to determine the median, quartiles, and other statistical measures.
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Use the following frequency distribution of the weights in lb of 100 college students. Get the mean, the variance and the standard deviation. What is the range of weights from one standard deviation, below the mean to the mean?
Interval Frequency (f)
130 – 139
140 – 149
150 – 159
160 – 169
170 – 179
180 – 189
4
15
28
33
14
6
Total f=100
The required mean and standard deviation of the frequency distribution of weights is 160.10 and 11.94 respectively.
Statistic is the study of mathematics that deals with relations between comprehensive data.
Here,
From the table,
Mean = ∑fx / ∑f
Mean = 16010 / 100
Mean = 160.10
Standard deviation,
σ = √∑fd²/∑f
σ = √14265/100
σ = 11.94
The required range of weights from one standard deviation, below the mean is given as
= 160.10 - 11.94 ≤ mean
Thus, the required mean and standard deviation of the frequency distribution of weights is 160.10 and 11.94 respectively.
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Caitlin currently owes $13,000 to a friend who is charging him interest of 2.90% p.m. He is required to settle the loan with two equal payments, one today and the other in six months. Calculate the size of the payments using six months as the focal date.
The size of the payments that need to be made today and in six months are both $ 6, 961.69.
How to find the payment ?To find the payment that Caitlin needs to make today and in six months, assume this amount of x.
The payment in 6 months would be:
= (13, 000 - x) ( 1 + 2.4 / 100)⁶
The payment today would be x.
Equate them to find the payment:
x = (13, 000 - x) ( 1 + 2.4 / 100)⁶
x = 14, 988 - 1.1529x
x = 14, 987.979 / 2.1529
= $ 6, 961.69
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