Answer:
A pair of Nike Air Jordan sneakers cost $139.99.
There is a 35% off sale going on at Foot Locker.
=> Sale price = 139.99 - 139.99 x 35/100 = ~$90.99
Sales tax is 8.125% in Orange County.
=> The tax = 90.99 x 8.125/100 = ~$7.39
The total price is calculated by:
P = The sale price + The tax = 90.99 + 7.39 = ~$98.38
Hope this helps!
:)
Answer: Sale price before tax $90.99
Tax $7.39
Total after tax $98.38
Step-by-step explanation:
Sale price 139.99 x 0.65 = 90.99
Tax 90.99 x 8.125/100 = 7.39
Total 90.99 + 7.39 = 98.38
$
nothing should be deposited today.
(Do not round until the final answer. Then round to the nearest cent as needed.)
Answer:
Step-by-step explanation:
we know that
The compound interest formula is equal to
where
A is the Final Investment Value
P is the Principal amount of money to be invested
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Solve for P
To have $65,000 in 8 years for a down payment on a house, nothing needs to be deposited today.
To find the amount that must be deposited today, we can use the formula for compound interest. The formula is given by:
A = P(1 + r/n)nt
Where:
We know that the future value (A) that we want is $65,000, the annual interest rate (r) is 4% or 0.04 (expressed as a decimal), the number of times interest is compounded (n) is 1 (since it's compounded annually), and the number of years (t) is 8. We need to find the principal amount (P).
Plugging the values into the formula, we can solve for P:
$65,000 = P(1 + 0.04/1)1 * 8
First, we simplify the fraction:
$65,000 = P(1 + 0.04)8
Next, we calculate the value inside the parentheses:
$65,000 = P(1.04)8
Finally, we solve for P by dividing both sides by (1.04)8:
P = $65,000 / (1.04)8
Using a calculator, we find that P ≈ $49,207.75. Therefore, to have $65,000 in 8 years for a down payment on a house, nothing needs to be deposited today.
#SPJ11
Answer:
Step-by-step explanation: honestly don’t know