The fitness center needs $125,000 in five years for more workout machines. Find the total interest earned if payments are made at the end of each quarter with interest at 6% compounded quarterly.

$38,562.5

Step-by-step explanation

Using the compound interest formula

A = P(1+r/n)^nt

P is the principal = $125,000

r is the rate = 6% = 0.06

time t  = 5years

n = 0.25 (quarterly payment)

Substitute

A = 125000(1+0.06/0.25)^5(0.25)

A = 125000(1+ 0.24)^1.25

A = 125000(1.24)^1.25

A = 125000(1.3085)

A = 163,562.5

Hence the interest earned = 163,562.5 - 125000

interest earned = $38,562.5

answer with step-by-step explanation:

a. ∠j is supplementary to ∠k - true:

(opposite angles of a trapezoid are supplementary which means that they add up to 180 degrees)

b. kl is parallel to jm - true:

(opposite sides are parallel to each other in a trapezoid)

c. jk is perpendicular to kl - false:

(clearly, jk does not make a right angle with kl)

d. jk is parallel to lm - false:

(jk and lm are two lines opposite in direction to each other so they cannot be parallel)

e. ∠j is congruent to ∠m - true:

(the angles on each side of the base are congruent)

f. ∠j is congruent to ∠k - false:

(the angles on the same side but opposite side of the base are not congruent)