When it goes on sale for $1,600, Mikah buys a new plasma television that is valued at $1,800. He takes $300 from his savings account to use as a down payment and finances the rest. Choose the true statement.a.
Mikah's assets increased by $1,300.
b.
Mikah's assets increased by $1,500.
c.
Mikah's assets increased by $1,600.
d.
Mikah's assets increased by $1,800.
Answers
Mikah's assets increased by $1,300 option (a) Mikah's assets increased by $1,300. is correct.
What is future value?
Based on an estimated growth rate, the future value is the amount that an asset will be valued at a future date. The computation assumes that at the start date, a fixed amount of cash is made available for investment and that it increases at a constant rate until the selected future date.
It is given that:
Mikah buys a new plasma television that is valued at $1,800.
He takes $300 from his savings account to use as a down payment and finances the rest.
As we know,
Net increase in asset = Purchase value of television − Value used from
savings account
Net increase in asset = $1600 - $300
Net increase in asset = $1300
Thus, Mikah's assets increased by $1,300 option (a) Mikah's assets increased by $1,300. is correct.
Learn more about the future value here:
#SPJ2
Answer: Correct answer is B.
just took the test
Related Questions
Use synthetic division to check -4 is a root of the polynomial expression: x^4+2x^3-9x^2-2x+8=f(x)
For this week only, you can buy a Dell for $2988, including taxes. Included in the offer is a finance option for 4 years at an annual percentage rate of 3.5%. Find the monthly payment.
Let f(x)= x^4 + ax^2 +b. The graph of f has a relative minimum at (0,1) and an inflection point when x=1. The values of a and b are...I AM EXTREMELY DESPERATE I NEED THIS ANSWER!!!
Stuck on this ixl, help me!
Answers
Answer: D) AAS
Explanation:
Check out the diagram below. I've marked the angles that pair up which are congruent to one another. Note the order is important. The AAS rule is different from ASA. In the diagram, the green segments are not between the red and blue angles.
Note: the blue angles are congruent by the vertical angle theorem.
Answers
B. 7
C. 5
D. 2
Answers
Answer:
A. 9
Step-by-step explanation:
Answer: 9
Step-by-step explanation:
2^3 +√64 ÷ 8
Answers
A scalene triangle is simply a triangle with no congruent sides. This just means that no sides are equal and no angles are equal.
When all the sides are equal, it's called an equilateral triangle.
When two sides are equal, it's called an isosceles triangle.
Answers
Answer: -3
Step-by-step explanation:
Answers
28 is 35 percent of 80.
To find out what percent 28 is of 80, we can use the following formula:
(percent/100) × whole = part
In this case, 28 is the part and 80 is the whole.
Let's substitute the values into the formula:
(percent/100) × 80 = 28
To isolate the percent, we can divide both sides of the equation by 80:
(percent/100) = 28/80
Simplifying the right side of the equation:
(percent/100) = 0.35
Now, to solve for percent, we can multiply both sides of the equation by 100:
percent = 0.35 × 100
percent = 35
Therefore, 28 is 35 percent of 80.
Learn more about percent click;
#SPJ6