Six years from today you need $10,000. You plan to deposit $1,500 annually, with the first payment to be made a year from today, in an account that pays a 5% effective annual rate. Your last deposit, which
will occur at the end of Year 6, will be for less than $1,500 if less is needed to reach $10,000. How large will your last payment be? Do not round intermediate calculations. Round your answer to the nearest
cent.

Answers

Answer 1

Answer:

Step-by-step explanation:

We can use the formula for the future value of an annuity to find the amount you'll have in the account at the end of Year 6. An annuity is a series of equal payments made at equal intervals of time, and the future value of an annuity is the amount you'll have in the future if you invest those payments and earn a given rate of interest.

The formula for the future value of an annuity is:

FV = PMT * (((1 + r)^n - 1) / r)

where:

FV = future value of the annuity

PMT = annual payment amount

r = annual interest rate as a decimal

n = number of payments

In this case:

PMT = $1,500

r = 0.05

n = 6

Plugging in the values:

FV = $1,500 * (((1 + 0.05)^6 - 1) / 0.05)

FV = $1,500 * (1.328867 - 1) / 0.05

FV = $1,500 * 0.328867 / 0.05

FV = $1,500 * 6.577340

FV = $9,865.61

So, the amount in the account at the end of Year 6 will be $9,865.61. To find the last payment, we subtract this amount from the desired future value of $10,000:

$10,000 - $9,865.61 = $134.39

Therefore, your last payment will be $134.39.


Related Questions

Suppose X is a random variable with mean X and standard deviation oXSuppose Y is a random variable with mean Y and standard deviation oY. The mean of X + Y is:a. MX+MYb.uX/oX) + (Y /oY). c. 1X+uY, but only if X and Y are independent. d (uX/oX) + (Y/oY), but only if X and Y are independent.

Answers

The answer is (a) MX + MY. Whether or not X and Y are independent, we cannot simplify (a) or (b) further.

The mean of X + Y is:

E(X + Y) = E(X) + E(Y)

So the answer is not (a) or (b).

(c) is incorrect because the formula given is only true if X and Y are independent, but no such assumption is given in the problem.

(d) is also incorrect because we cannot simply divide the means by the standard deviations to get the standard normal variables, especially when the variables X and Y have different means.

Therefore, the answer is (a) MX + MY.

Standard Deviation is a measure which shows how much variation (such as spread, dispersion, spread,) from the mean exists. The standard deviation indicates a “typical” deviation from the mean. It is a popular measure of variability because it returns to the original units of measure of the data set.

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The Surface area of a cell phone screen is 5900mm². Use the fact that 10mm = 1cm to Convert this area to cm²​

Answers

When the surface area of the cell phone is converted to Cm² it would be. = 59cm²

How to convert mm² to cm² ?

The surface area of the cell phone screen = 5900mm²

But 10 mm = 1 cm

When squared after calculating the area,

100 mm² = 1 cm²

5900 mm² = X cm²

Make X cm² the subject of formula;

X cm² = 5900/100 = 59cm²

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solve for x
....................

Answers

The solution of x in the rhombus is 3

How to determine the solution of x in the shape

From the question, we have the following parameters that can be used in our computation:

The rhombus

Also, we have

LN = 14

AN = x + 4

Using the above as a guide, we have the following equation:

LN = 2 * AN

substitute the known values in the above equation, so, we have the following representation

2 * (x + 4) = 14

Evaluate the expression

x + 4 = 7

Subtract 4 from both sides

so, we have the following representation

x = 3

Hence, the solution is 3

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Assume a TCP sender is continuously sending 1,126-byte segments. If a TCP receiver advertises a window size of 6,353 bytes, and with a link transmission rate 10 Mbps an end-to-end propagation delay of 14.4 ms, what is the utilization? Assume no errors, no processing or queueing delay, and ACKs transmit instantly. Also assume the sender will not transmit a non-full segment. Give answer in percentages, rounded to one decimal place, without units (e.g. for an answer of 10.43% you would enter "10.4" without the quotes).

Answers

If a TCP receiver advertises a window size of 6,353 bytes, and with a link transmission rate 10 Mbps an end-to-end propagation delay of 14.4 ms, then the utilization is 0.4%.

What is Round trip time?

The round-trip time (RTT) is the time it takes from when a browser submits a request to when it receives a response from a server, measured in milliseconds.

The time it takes for a segment to be transmitted over the link is:

time per segment = 1,126 bytes / 10 Mbps = 0.00009008 seconds

The end-to-end propagation delay is 14.4 ms, or 0.0144 seconds.

The time it takes for an ACK to be sent back from the receiver is the propagation delay plus the time it takes for the ACK segment to be transmitted over the link:

time for ack = 0.0144 seconds + (1 segment / 10 Mbps) = 0.014508 seconds

The time it takes for the sender to receive an ACK after sending a segment is the time it takes for the segment to be transmitted, plus the time it takes for the ACK to be sent back:

round trip time = time per segment + time for ack = 0.00009008 + 0.014508 = 0.0145

The number of segments that can be in flight at any given time is the window size divided by the segment size:

segments in flight = 6,353 bytes / 1,126 bytes = 5.645 segments

We can now calculate the maximum sending rate of the sender by dividing the number of segments in flight by the round-trip time:

max sending rate = segments in flight / round trip time = 387.165 segments per second

The utilization of the link is the sending rate divided by the link rate, multiplied by 100 to get a percentage:

utilization = (max sending rate / 10 Mbps) * 100 = 0.00387165 * 100 = 0.387165%

Rounding to one decimal place, the utilization is 0.4%.

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its (3,-2) i did the test

Answers

You did what? What test?

What is the answer to the problem 8(w+3)=_w+_ ?

Answers

If you’re asking to simplify the problem, you would use distributive property. Basically, you multiply 8 by each component in the parentheses. 8(w)=8w and 8(3)=24. Therefore, the answer is 8w+24. If you don’t feel confident in your answer, you can always check. Let’s pretend w=5. Then we could say 8(5+3)=8(8)=64. To check, we would plug w into the simplified version of this expression, and if they’re the same, you’re answer is right. 8(5)+24=40+24=64

You have a job with a gross pay of $49946.
to answer the following questions based on the 2021 federal income tax brackets:

a. What is your tax bracket?
%
b. How much do you owe for federal taxes on:
filled tax brackets?
$

the partially filled tax bracket?
$

Answers

Based on the 2021 federal income tax brackets, the gross pay of $49,946 puts you in the 22% tax bracket. For the fully filled tax bracket, you would owe $10,890.50 in federal taxes, and for the partially filled tax bracket, you would owe $4,994.60 in federal taxes.

Use this table to answer the question. Round to the nearest percent.

Car Plane Train Total
Green 120 250 500 870
Blue 150 350 750 1250
Yellow 170 200 450 820
Red 200 300 300 800
Brown 220 450 320 990
Total 860 1550 2320 4730

What percent of the total is made up of Planes?

Answers

There are 33% of the total is made up of Planes.

What is the percentage?

The percentage is defined as a ratio expressed as a fraction of 100.

The table is given in the question, as follows:

               Car       Plane      Train      Total

Green:     120       250        500       870

Blue:       150        350        750       1250

Yellow:   170         200      450        820

Red:       200        300      300       800

Brown:   220        450       320        990

Total:     860       1550    2320        4730

Total number of planes = 1550

The total number of all vehicles = 4730

The percent of planes = (number of planes/number of all vehicles) x 100

The percent of planes = (1550/4730) x 100

The percent of planes = 0.3276 x 100

The percent of planes = 32.76

Round to the nearest percent, and we get

The percent of planes = 33%

Thus, 33% of the total is made up of Planes.

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Simplify: 3√28 + 4√7 + 2√32
HELP!!!

Answers

The given expression can be simplified by using the property that states that the square root of a product is equal to the product of the square roots of its factors. Applying this property to the given expression yields 3√(287) + 2√(327), which simplifies to 3√196 + 2√224. Finally, combining the two like terms yields 5√224, which is the simplified version of the given expression.

Answer:

[tex]10\sqrt{7}+8\sqrt{2}[/tex]

Step-by-step explanation:

Lets simplify.

[tex]3\sqrt{28}+4\sqrt{7} +2\sqrt{32}[/tex]

Rewrite [tex]28[/tex] as [tex]2^2*7[/tex]

[tex]3\sqrt{2^2*7}+4\sqrt{7} +2\sqrt{32}[/tex]

Pull terms out from under the radical.

[tex]3\left(2\sqrt{7} \right)+4\sqrt{7} +2\sqrt{32}[/tex]

[tex]6\sqrt{7} \right)+4\sqrt{7} +2\sqrt{32}[/tex]

Add [tex]6\sqrt{7}[/tex] and [tex]4\sqrt{7}[/tex].

[tex]10\sqrt{7} +2\sqrt{32}[/tex]

Rewrite [tex]32[/tex] as [tex]4^2*2[/tex].

[tex]10\sqrt{7} +2\sqrt{4^2*2}[/tex]

Pull terms out from under the radical.

[tex]10\sqrt{7}+2\left(4\sqrt{2}\right)[/tex]

[tex]10\sqrt{7}+8\sqrt{2}[/tex]

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You're flying from Joint Base Lewis-McChord (JBLM) to an undisclosed location 44 km south and 227 km east. Mt. Rainier is located approximately 56 km east and 40 km south of JBLM. If you are flying at a constant speed of 800 km/hr, how long after you depart JBLM will you be the closest to Mt. Rainier?

Answers

The time JBLM will you be the closest to Mt. Rainier will be 5.12 minutes.

What is Distance?

A measurement of the distance between two places along a line or line segment.

The plane's flight route follows the line.

y = -125/135x = -25/27x

The direction of the perpendicular line passing across Mt. Rainier is,

y = 27/25(x -56) -40

In standard form, these two equations are,

25x +27y = 0

27x -25y = 2512

The coordinates at the closest approach are the answers to these two equations:

(x, y) = (33912/677, 31400/677)

The Pythagorean theorem (distance formula) states that the distance d from the origin to this point is as follows:-

d = 1256√(2/677) km

The airplane's speed can be used to convert this distance to time:

1256√(2/677) X 60/800 =  94.2√(2/677) ≈ 5.120019 mins

So, 5.12 minutes after leaving JBLM, Mt. Rainier will be the nearest.

The attached graph shows the geometry of the problem.

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-9 3/8 as an improper fraction

Answers

Answer:the answer is -69/8

Step-by-step explanation:

first you plug -9 into 3/8 and it gives you -72/8+3/8 if you add those together you get -69/8

You have a wire that is 35 cm long. You wish to cut it into two pieces. One piece will be bent into the shape of a square. The other piece will be bent into the shape of a circle. Let A represent the total area of the square and the circle. What is the circumference of the circle when A is a minimum?

Answers

The circumference of the circle is 110 m.

What is the circumference of the circle?

Let us assume that the wire has been cut into two equal halves thus the radius of the circle would be 35 m/2 = 17.5 m

Then;

C = 2πr

C = circumference

r = radius

"pi" is a mathematical constant approximately equal to 3.14 and "r" is the radius of the circle. If the diameter of the circle is known, the radius can be calculated by dividing the diameter by 2.

C = 2 * 3.142 * 17.5

C = 110 m as we can see here

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A bakery can make 42 cheesecakes for every 6 blocks of cream cheese. Which table represents the relationship between the number of cheesecakes the bakery makes and the number of blocks of cream cheese the bakery uses?

Answers

Answer:You Need To divid the number of cheassecakes by the number of blocks of cream42 ÷ 6 = 7

Answer:

Step-by-step explanation:

Joan’s finishing time for the Bolder Boulder 10K race was 1.66 standard deviations faster than the women’s average for her age group. There were 410 women who ran in her age group. Assuming a normal distribution, how many women ran faster than Joan? (Round down your answer to the nearest whole number.)

Answers

Joan completed the race 1.66 standard deviations faster than the typical female of her age group. The standard deviation will be denoted by the symbol “” and the women's average finish time by the symbol “”. Then, Joan's remaining time was plus 1.66.

What is the assuming of normal distribution?

The proportion of women who finished the race sooner than Joan. In this case, it is possible to apply the normal distribution.

The percentage of values to the left of z = 1.66 can then be calculated or found using a standard normal distribution table. The number of women who finished the race ahead of Joan is represented by the percentage in the table below.

According to a normal distribution table or calculator, there are approximately 0.9525 numbers to the left of the value z = 1.66.

Therefore, This means that out of the 410 female runners in Joan's age group, about 0.9525 × 410 = 391.23 of them beat her. The final count is 391 women, rounded to the next whole number.

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A. 600 square inches
B. 768 square inches
C. 648 square inches
D. 792 square inches

Answers

Answer:

Step-by-step explanation:

area of pole=75×8=600 square inch

area if sign=12×12+1/2×12×4

=144+24

=168 square inches

total area=600+168

=768 square inches

what is the value of 8.4n - 3.2p, when n=4 and p=-2

Answers

Answer:

33.6-(-6.4)=40

Step-by-step explanation:

1. 8.4×4

2. 3.2x-2

3. 33.6-(-6.4)

4. 40

the two negatives become positive

Analyze the function f(x) = - tan 4x. Include:

- Domain and range

- Period

- Two Vertical Asymptotes

Answers

For the function f(x) = -tan 4x,

Domain = π[(2n+1)/8] < x < π[(2n+3)/8] Range = set of all real numbers The period = π /4Two vertical asymptotes = π/8 and -π/8

Given the function

f(x) = -tan 4x

The domain of the function is the set of all possible inputs of the function

The range is set of all possible outputs of the function

Here the function is

f(x) = -tan 4x

Domain of the function will be

π[(2n+1)/8] < x < π[(2n+3)/8]

The range of the given function is set of all real numbers

The period = π /4

Two vertical asymptotes are π/8 and -π/8

Therefore, the domain, range period and the two vertical asymptotes of the function has been found

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what is the volume of the prism?

Answers

The volume of the prism with a trapezoidal base is 312 m³

What is an equation?

An equation is an expression that shows how numbers and variables are linked together using mathematical operations such as addition, subtraction, multiplication and division.

The volume of the prism is the product of the base area and the height. It is given by:

Volume = area of base * height

The prism shown in the diagram is a trapezoid prism, hence:

Area of base = (1/2)(5 + 8)(4) = 26 m²

Volume = area of base * height

Volume of prism = 26 m² * 12 m = 312 m³

The volume of the prism is 312 m³

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In ΔVWX, x = 6.4 inches, w = 8.8 inches and ∠W=85°. Find all possible values of ∠X, to the nearest 10th of a degree.

Answers

To find the possible values of angle X, we can use the Law of Cosines. The Law of Cosines states that in a triangle, the square of the length of one side is equal to the sum of the squares of the lengths of the other two sides minus twice the product of those two sides and the cosine of the angle opposite the first side.

Using the Law of Cosines, we can write the following equation for triangle VWX:

V^2 = W^2 + X^2 - 2WXcos(W)

Plugging in the given values, we have:

V^2 = (8.8)^2 + X^2 - 2(8.8)(X)cos(85°)
V^2 = 77.44 + X^2 - 15.36X

Solving for X, we can use the quadratic formula:

X = (-(-15.36) ± √((-15.36)^2 - 4(77.44)(1)))/2(1)
X = (15.36 ± √(234.84))/2

So the possible values of X are approximately:

X = (15.36 + 15.32)/2 = 15.34 inches
X = (15.36 - 15.32)/2 = 0.02 inches

Converting the length of X to degrees, we can use the inverse cosine function (arccos) to find the angles:

∠X = arccos(X/V)

For the first value of X (15.34 inches), we have:

∠X = arccos(15.34/V)

Since V is not given, we cannot determine a numerical value for ∠X, but it is safe to say that it will be between 0° and 90°.

For the second value of X (0.02 inches), we have:

∠X = arccos(0.02/V)

Since X/V is very close to 0, the cosine value will be close to 1, so the angle will be close to 0°. To the nearest 10th of a degree, ∠X = 0°.

Q.Find the mistake made in the steps and justifications for solving the equation below.


Picture attached?


A. The justification for step 1 is incorrect and should be the multiplication property of equality.

B. The justification for step 3 is incorrect and should be the addition property of equality.

C. Step 5 is incorrect and should show be x=10/16.

D. Step 4 is incorrect and should be 10x = 24.

Answers

Answer:

The correct answer is D. Step 4 is incorrect and should be 10x = 24.

The GCF of 20 and another number is 4. Which of these could be the other
number? Select all that apply.
A 4
B 8
C 10
D 20
E 80

Answers

Answer:

Step-by-step explanation:

A because the gcf of 20 is 4 and the gcf of 4 is 4

Answer:

b

..,..............................................is my answer

Please help me with this question: Find the limit

Answers

Answer:

1/5

Step-by-step explanation:

Answer:

The solution is 1/5 or 0,2

Step-by-step explanation:

[tex] \displaystyle \sf\lim_{x \to 3} \frac{ {x}^{2} - 5x + 6 }{2 {x}^{2} - 7x + 3} \: \: \: \: \: \: \: \: \: \\\\ = \displaystyle \sf\lim_{x \to 3} \frac{(x - 2)(x - 3)}{(2x - 1)(x - 3)} \\\\ = \displaystyle \sf\lim_{x \to 3} \frac{(x - 2)\cancel{(x - 3)}}{(2x - 1)\cancel{(x - 3)}} \\\\ = \displaystyle \sf \lim_{x \to 3} \frac{(x - 2)}{(2x - 1)} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\\\ \sf x = 3 \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\\\ \sf = \frac{(3 - 2)}{(2(3) - 1)} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\\\ = \boxed{\sf \frac{1}{5} \: or \: 0.2} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: [/tex]

7x7+24x5(1x+24)=1

SOlve for x

Answers

Answer:

X= -122/5

Explanation:

7*7+120(x+24)=1

49+120x+2880=1

2929+120x=1

120x=1-2929

120x=-2928

X= -2928/120

X= -122/5



A local coffee shop is testing out new flavors of coffee: Caramel Apple Latte and Salted Minty Mocha. A poll conducted by the
coffee shop determined that 46 customers preferred only the Caramel Apple Latte, 61 customers chose only the Salted Minty
Mocha, 27 customers chose both flavors, but 18 liked neither flavor. What is the probability that a randomly selected
customer would only like the Caramel Apple Latte?

Answers

The probability that a customer selected randomly would only like Carmel apple is 23/76

What is probability?

A probability is a number that reflects the chance or likelihood that a particular event will occur. Probabilities can be expressed as proportions that range from 0 to 1, and they can also be expressed as percentages ranging from 0% to 100%.

Probability = sample space/ total outcome

sample space is the number of customers that like caramel apple latte only = 46

The total number of customers = 46+61+27+18 = 152

Therefore The probability that a customer selected randomly would only like Carmel apple = 46/152 = 23/76

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7. During a sale at the Honda dealership, Mr. Sherman notices the great 10 points
sales price ($33,500) and purchases two cars for his daughters. What will
he pay in total for the two cars, including 8.875% sales tax?
A. $72,946.25
B. $36,473.13
C. $41,372.50
D. $82,745

Answers

Answer: A

Step-by-step explanation:

First you add up the total prices of both cars

$67,000

Next find 8.875% of that and add to total price of both cars

Answer= $72,946.25

$10000 is deposited in an account earning 8% interest compounded continuously. Use the continuous interest formula below to determine how long it takes for the amount in the account to double. Round answer to 2 decimal places.
A=Pe^rt
____Years?

Answers

By using the continuous interest formula, we get 8.54 years that the amount will take to double itself.

What is continuous interest formula?

The continuous interest formula is used to calculate the future value of a compound interest investment. It is written as follows:

Future Value = Principal × [tex](1 + r)^{n}[/tex]

where Principal is the original investment, r denotes the yearly interest rate, and n denotes the number of compounding periods.

The continuous interest formula is used to compute the future worth of an investment given its current value, yearly interest rate, number of times the interest is compounded each year, and number of years held.

In the given question,

A = A_0[tex]e^{rt}[/tex]

2A_0 = A_0[tex]e^{rt}[/tex]

2 = [tex]e^{rt}[/tex]

ln(2) = rt

t = [tex]\frac{2}{r}[/tex]

t = [tex]\frac{2}{0.08}[/tex]

t = 8.54 years

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Which of the following is an example of a continuous random variable?a. A Bernoulli trial
b. Binomial random variable
c. Normal random variable
d. Discrete uniform random variable

Answers

An example of a continuous random variable is a Normal random variable.

What is a normal random variable?

A random variable is a variable with an unknown value or a function that gives values to each of the results of an experiment. A random variable can be either discrete (having definite values) or continuous (any value in a continuous range).

Here, we have

We have to determine the example of a continuous random variable.

We concluded that the example of a continuous random variable is a normal random variable.

Hence, an example of a continuous random variable is a Normal random variable.

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Algebra: let f(x)= 3x+7 f^-1 (x)=

Answers

Answer:

Step-by-step explanation:

To find the inverse of a function, we need to switch the x and y values and solve for y (or x, depending on how the original function is written). The inverse of the function f(x) = 3x + 7 is written as f^-1(x). To find f^-1(x), we can follow these steps:

Replace the function f(x) with y to make it easier to manipulate: y = 3x + 7.

Swap the x and y variables: x = 3y + 7.

Solve for y:

Subtract 7 from both sides to get x - 7 = 3y.

Divide both sides by 3 to get (x - 7) / 3 = y.

Write the inverse function using f^-1(x) instead of y:

f^-1(x) = (x - 7) / 3

So, the inverse of the function f(x) = 3x + 7 is f^-1(x) = (x - 7) / 3.

For students majoring in Hospitality Management, it was determined that 5% have visited 1–10 states, 16% have visited 11–20 states, 45% have visited 21–30 states, 19% have visited 31–40 states, and 15% have visited 41–50 states. Suppose a Hospitality Management student is randomly selected. What is the probability that the student has visited 21 or more states?

A . 0.15
B. 0.21
C. 0.45
D. 0.79

Answers

Answer:

D. 0.79

Step-by-step explanation:

To find the probability that a Hospitality Management student has visited 21 or more states, we need to sum up the probabilities of the categories that represent students who have visited 21 states or more.

The probabilities of the categories are as follows:

Visited 21–30 states: 45% = 0.45

Visited 31–40 states: 19% = 0.19

Visited 41–50 states: 15% = 0.15

So, the total probability of a student having visited 21 or more states is:

0.45 + 0.19 + 0.15 = 0.79.

Therefore, the probability that a Hospitality Management student has visited 21 or more states is 0.79 or 79%.

needs E15,000 on his
E16,000 so on. Until what age will he have enough money G
(4marks)
Q171
Amal, Balu and Chandran each has some sweets, Amal gives one third of his sweets to
Balu. Balu gives one third of all the sweets he now has to Chandran. Then Chandran gives
one third of all the sweets he now has to Amal. All of them end up having the same
number of sweets, Chandran begins with 40 sweets, How many sweets does Balu have
originally?
(4marks

Answers

Answer: Balu originally had 40 sweets.

Step-by-step explanation:

Let x be the number of sweets Balu originally had.

After Amal gives one third of his sweets to Balu, Balu's number of sweets becomes x + (1/3)x = (4/3)x.

After Balu gives one third of his sweets to Chandran, Chandran's number of sweets becomes 40 + (1/3)(4/3)x = 40 + (1/3)x.

After Chandran gives one third of his sweets to Amal, Amal's number of sweets becomes (2/3)x + (1/3)(40 +(1/3)x) = (2/3)x + (1/3)x + 40/3 = (5/3)x + 40/3.

Since all three of them now have the same number of sweets, we can set the number of sweets each of them has equal:

(4/3)x = (5/3)x + 40/3.

Now, we will isolate x by rearranging the equation. Subtracting (5/3)x from both sides, we get:

(4/3)x - (5/3)x = 40/3

Simplifying the left side:

-x/3 = 40/3

Dividing both sides by -1/3:

x = 40

Thus, Balu originally had 40 sweets.

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