Mathematics, 26.12.2019 23:31 sampurple123

Using technology, determine the present value given that you make quarterly payments of $1,635 at 4.2% compouded quarterly over a 3 year period. round your answer to the nearest cent. a. $15,168.06 c. $19,180.84 b. $19,188.94 d. $18,344.05

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Answer from: alexmoramedina

Option (a) is correct.

The present value is $15,168.06.

Step-by-step explanation:

Given : quarterly payments of $1,635 at 4.2% compounded quarterly over a 3 year period.

We have to find the present value that is the amount of loan taken so that we have to pay quarterly payments of $1,635 at 4.2% compounded quarterly over a 3 year period.

Given that payment is made quarterly that is 4 times in a year.

Payment = $1,635.

Rate of interest =4.2% compounded quarterly = 0.042 compounded quarterly

Time period = 3 years = 3 × 4 = 12

Thus, $P=\dfrac{A\cdot i}{1-(1+i)^{-t}}$

Where A is amount to pay

P is payment made

t is time period

i is interest rate

Substitute the values, we get,

$1638=\dfrac{A\cdot(0.042) }{1-(1+0.042)^{-12}}$

Solving for A, we get,

$A=1635\cdot\frac{\left(1-\left(1+0.042\right)^{-12}\right)}{0.042}$

A=15168.057

Thus, the present value is $15,168.06.

Hence, option (a) is correct.

Answer from: Quest

1935/10,000= 387/2000the answer to the question is c

Answer from: Quest

answer: segregation violated the equal protection clause of the 14th amendment, which holds that no state can “deny to any person within its jurisdiction the equal protection of the laws.”

details/explanation:

brown v. board of education of topeka, decided by the us supreme court in 1954, ruled that all americans are entitled to the same civil liberties and protections in regard to access to education. until that decision, it was legal to segregate schools according to race, so that black students could not attend the same schools as white students. an older supreme court decision, plessy v. ferguson (1896), had said that separate, segregated public facilities were acceptable as long as the facilities offered were equal in quality. in the case of brown v. board of education, that standard was challenged and defeated. segregation was shown to create inequality, and the supreme court unanimously ruled segregation to be unconstitutional.

the ruling was important in advancing civil rights because it affirmed that the 14th amendment applies to all rights and privileges of citizens, including access to education. this was being violated by states whose laws supported the segregation of schools. section 1 of the 14th amendment reads as follows:

all persons born or naturalized in the united states and subject to the jurisdiction thereof, are citizens of the united states and of the state wherein they reside. no state shall make or enforce any law which shall abridge the privileges or immunities of citizens of the united states; nor shall any state deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.