You are planning to invest in  a hotel. It is projected that the price of investments in the area you considering will be increasing at a rate of 12% for the next few years. (a) Write an equation that represents the projected cost, H, of your hotel t years in the future, given that the hotel you are considering costs $360,000 today. (b) Use your equation in part a to project the cost of your investment 5 years from now. Round to the nearest cent. (c) Use your equation from part a to algebraically determine how long it will take for your investment to cost $800,000. Round your answer to the nearest hundredths place.

Q: Suppose you invest $5500 in a bank account that earns a compounded annual interest rate of 4%.…

A: P=$5500r=4%=0.04  Compounded annual Therefore, n=1

Q: 5. An electric car is listed at $60,000 and depreciates by 47% per year. (a) Find its value after 4…

A: Given: An electric car is listed at $60000 and depreciates by 47% per year.

Q: For the three-part question that follows, provide your answer to each question in the given…

A: Account accrues interest continuously. Interest Rate = 6.25% Amount invested = $12,500

Q: Find an equation for the balance t years after January 1, 2010 Find the balance at the beginning of…

A: Given, initial balance = Principal = p = 5000 time period = t years rate of interest = r =  5% per…

Q: It costs $30 a day to rent a dump truck plus $0.95 per mile. A. Is this an example of a linear or…

A: Given that fixed cost to rent a dump truck a day is $30 and per mile the cost to rent the truck is…

Q: 12. A laptop computer was purchased for $2500. After 2 years, the value of the laptop is expected to…

A:

Q: Two babies are born and their parents are planning to save for their education. The Smith Family…

A: Using the properties of the logarithmic functions, it can be written that: ln ab=blna. Using the…

Q: A person invests $5000 in an account at 4% interest compounded annually. Let V = f(t) be the value…

A:

Q: QUESTION 3 The value of a car was valued $48,000 in 2005. By 2012, the value of the car had…

A:

Q: Hello! I need help with this particular question on my study guide. There is an attachment below.…

A:

Q: How can I find the initial investment and annual rate when I am only given the time it takes to…

A:

Q: Write an equation that models the amount of money in an account that pays 2.5% annual interest,…

A: Write an equation that models the amount of money inan account that pays 2.5% annual interest,…

Q: The Consumer Price Index (CPI) is a measure of the average change in price over time from a…

A: Given Model sold for 12000 in 1999

Q: If $6400 is deposited in an account at the bank and earned 5% annual interest compounded quarterly,…

A: Formula used for compounded quarterly A = P( 1 + R4100 )4t where A = amount after time t P =…

Q: 2. Congratulations! You just bought your first car, a 2003 Toyota Camry, for $4300. Your car will…

A: We know that the depreciation formula is defined as Future Value = Present Value1+r100n, here r is…

Q: 43. Ms. Williams invested $9500 in an account that earned interest at an annual rate of 8%,…

A:

Q: 4. I bought $10 worth of pokémon cards in 2000 and in 2022 I found out that they are now worth $180.…

A:

Q: - Question 22 The relationship between a person's age and the monthly cost to cover that person with…

A: Here, The relationship between a person's age and the monthly cost to cover that person with a…

Q: Suppose that a library contains 14,000 books now, and adds 100 books every month. (a) Write an…

A:

Q: Suppose you have $2500 to invest.  You can choose one of two accounts in which to invest your money.…

A: Given that you have $2500 to invest.  You can choose one of two accounts in which to invest your…

Q: A college student has invested $4200 in an account that pays 1.6% interest compounded monthly. Which…

A: ANSWER IS AS BELOW: