Determine the value of the following investment 12 years from now. You are investing $300/month and have a fixed interest rate of 5% per year compounded monthly. How much is in the account at the end of the 12 years? Show ur work

Answers

Answer 1

Answer:

$59821.02

Step-by-step explanation:

Initial Investment P = $300Monthly deposit PMP = $300 Interest rate r = 5% PA compounded monthlyTime t = 12 yearsNumber of compounds n = 12

Future value = Compound interest + Future value of series

Compound interest:

P(1+r/n)^(nt) = 300(1 + 0.05/12)^144 = 545.95

Future value of series:

PMT × {[(1 + r/n)(nt) - 1] / (r/n)} × (1 + r/n) = 300 {[(1 + 0.05/12)^144 - 1] / (0.05/12)} × (1 + 0.05/12) = 59275.07

Future value:

545.95 + 59275.07 = 59821.02


Related Questions

A store sells paint sets. Each paint set costs the same amount. During a sale, the store reduces the price of each paint set by $1.55. Emily spends
$16.02 on 3 paint sets at the sale price.
What was the price of I paint set before the sale? Enter the answer in the box.

Answers

Answer:

$6.89

Step-by-step explanation:

Answer:

6.89

Step-by-step explanation:

when Emily bought 3 paint sets on sale each was worth 5.34. at original price it was 6.89

Which expression is modeled by this arrangement of tiles? 40 positive tiles are broken up into 10 groups of 4 positive tiles. 40 divided by (negative 10) 40 divided by 10 40 divided by 40 40 divided by 40

Which expression is modeled by this arrangement of tiles? 40 positive tiles are broken up into 10 groups

Answers

Answer:

\( \frac{40}{4} \)

Step-by-step explanation:

The model shows that there are 40 tiles which were divided into 4 per group. This results into 10 groups. That is:

\( \frac{40 tiles}{4} = 10 groups \)

Therefore, the expression modeled by the arrangement of the tiles is \( \frac{40}{4} \)

Answer:

C

Step-by-step explanation:

A savings account balance can be modeled b y the graph of the linear functions show in the grid

What is the rate of change of the balance with respect to the number to the number of deposits



look at picture ​

A savings account balance can be modeled b y the graph of the linear functions show in the gridWhat is

Answers

Answer:

rate goes up every 50 dollars for eatch number of deposits

Unit rate of 36 pieces of candy for 6 children and please put an example on how to get the answer <3

Answers

Answer:

The unit rate is 6 pieces or candy per child.

Step-by-step explanation:

you would divide the number of pieces by the amount of children. 36÷6=6 candies. 6 candirs per child

Answer:

6

Step-by-step explanation:

36 pieces of candy among 6 children so 6 pieces for each

What is the measure of ZJKL?

What is the measure of ZJKL?

Answers

Answer:

the answer is 97 °

Step-by-step explanation:

angles on a straight line add up to 180

so 180 -83 = 97°

a jar contains $5.55. there are three times as many dimes as nickels and twice as many quarters as dimes. how many of each coin is in the jar?

Answers

Answer:

Let's start by assigning variables to represent the number of nickels, dimes, and quarters in the jar.

Let x be the number of nickels.

Then the number of dimes is 3 times as many as nickels, so the number of dimes is 3x.

And the number of quarters is twice as many as dimes, so the number of quarters is 2(3x) = 6x.

We know that the total amount of money in the jar is $5.55, which is equal to:

0.05x (for the value of the nickels) + 0.10(3x) (for the value of the dimes) + 0.25(6x) (for the value of the quarters)

Simplifying this expression, we get:

0.05x + 0.30x + 1.50x = 5.55

Combining like terms, we have:

1.85x = 5.55

Dividing both sides by 1.85, we get:

x = 3

So there are 3 nickels in the jar.

Using this value, we can find the number of dimes and quarters:

Number of dimes = 3x = 3(3) = 9

Number of quarters = 6x = 6(3) = 18

Therefore, there are 3 nickels, 9 dimes, and 18 quarters in the jar.

Step-by-step explanation:

if six pencils cost 0.59 how many pencils can you buy for $2.95?

Answers

Answer:

5.

Step-by-step explanation:

how?

Divide 2.95 by 0.59 that would equal 5.

The workers' union at a particular university is quite strong. About 96 of all workers employed by the university belong to the workers' union. Recently, the workers went on strike, and now a local TV station plans to interview 4 workers (chosen at random) at the university to get their opinions on the strike. What is the probability that exactly 2 of the workers interviewed are union members?

Answers

The probability that exactly 2 of the workers interviewed are union members is approximately 0.044.

To solve this problem, we can use the binomial probability formula, which is:

\(P(X = k) = (n choose k) * p^k * (1 - p)^(n - k)\)

where:

n is the sample size (number of workers being interviewed)

k is the number of successes we are interested in (in this case, 2 of the workers being union members)

p is the probability of success (in this case, the probability that a worker is a union member)

(n choose k) is the binomial coefficient, which represents the number of ways to choose k items from a set of n items (this can be calculated using the formula n! / (k! * (n - k)!))

Plugging in the values, we get:

\(P(X = 2) = (4 choose 2) * (0.96)^2 * (1 - 0.96)^(4 - 2)\)

\(= (6) * (0.96)^2 * (0.04)^2\)

= 0.04403136

Therefore, the probability that exactly 2 of the workers interviewed are union members is approximately 0.044.

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In the figure, m/RPZ= 95 and TU || RQ || VW. Find the measure of angle UZP.

Answers

The measure of the corresponding angle; ∠UZP = 95°.

What is defined as the term corresponding angle?The definition of corresponding angles states that when two parallel lines intersect with a third, the angles that take up its same relative position at every intersection are said to be corresponding angles to one another. The statement "If a line intersects parallel lines, therefore the corresponding angles with in two intersection regions are congruent" is true either way, based on the corresponding angles theorem.

For the given question;

Lines TU || RQ || VW are parallel.

The measure of the ∠RPZ= 95.

Thus, from the diagram,

∠UZP = ∠RPZ= 95

As both angles are corresponding angle so equal.

Therefore, the measure of the ∠UZP = 95°.

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In the figure, m/RPZ= 95 and TU || RQ || VW. Find the measure of angle UZP.

could you answer the question number b​

could you answer the question number b

Answers

Answer:

450 - 120 - 80

=250

2/5 × 250 = 100. A

3/5 × 250 = 120 B

Answer:

Grade A   2:9

Grade B   1:3

Grade C  4:15

Step-by-step explanation:

Students in grade A:

\(450-(120+80)=450-200=250\)

if the ratio is 2:3 then

\(A=(250/5)(2)=(50)(2)=100\) students

The ratio of students with grade A:

\(\frac{100}{450}=\frac{10}{45} =\frac{2}{9}\)

= \(2:9\)

Students with grade B.

\(B=250-100=150\)

The ratio of B:

\(\frac{150}{450} =\frac{15}{45} =\frac{1}{3}\)

\(= 1:3\)

Ratio of students with grade C:

\(=\frac{120}{450} =\frac{12}{45} =\frac{4}{15}\)

\(=4:15\)

Hope this helps

Question 26: [4 points]
1% of a population have a certain disease and the remaining 99% are free from this disease. A test is used to detect this disease. This test is positive in 95% of the people with the disease and is also (falsely) positive in 2% of the people free from the disease.
If a person, selected at random from this population, has tested positive, what is the probability that she/he has the disease?
Let D be the event "have the disease" and FD be the event "free from the disease" Let the event TP be the event that the "test is positive".
A diagram with all the above information is shown.

Question 26: [4 points]1% of a population have a certain disease and the remaining 99% are free from

Answers

\(P(D/TP) = \frac{P(D \: n \: TP)}{P(TP)} \)

\(P(TP) = P(TP \: n \: D)+P(TP \: n \: FD) \\ P(TP) = 0.95×0.99 + 0.02×0.01 = 0.9407\)

\(P(D/TP) = \frac{0.9405}{0.9407} = \frac{9405}{9407} \)≈0.999787

Pls help me :3333333

Pls help me :3333333

Answers

Answer:

C) How many 1/8s are in 3?

Step-by-step explanation:

Do the algebraic process:

1/8x = 3

x = 24

This means there are 24 (twenty-four) 1/8's in 3.

You can also check:

1/8 • 24 = 3

This is the same as 24/8 = 3.

So, this answers the question, "How many 1/8s are in 3?"

Janna is training for a triathlon and wants to eat a diet with a ratio of carbohydrates to protein to fat that is 4:3:2 what percentage is protein?

Answers

Answer:

33.33%

Step-by-step explanation:

Find the total by 4+3+2= 9

protein is represented by the middle number, or 3

divide 3 by 9

3/9= 0.3333

multiply that by 100

0.3333 x 100 = 33.33

hope this helps!

If the ratio of carbohydrates to protein to fat is 4:3:2.The percentage is protein will be 33.33 %.

What is the percentage?

It's the ratio of two integers stated as a fraction of a hundred parts. It is a metric for comparing two sets of data, and it is expressed as a percentage using the percent symbol.

The usage of percentages is widespread and diverse. For instance, numerous data in the media, bank interest rates, retail discounts, and inflation rates are all reported as percentages. For comprehending the financial elements of daily life, percentages are crucial.

It is given that, Janna is training for a triathlon and wants to eat a diet with a ratio of carbohydrates to protein to the fat that is 4:3:2.

If the total percentage value is taken as 100%.As a result,

4x+3x+2x=100

9x=100

x=11.11

The percentage is protein is found as,

=3x

=3×11.11

=33.33

Thus, if the ratio of carbohydrates to protein to fat is 4:3:2.The percentage is protein will be 33.33 %.

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I need help on solving.

I need help on solving.

Answers

Answer:

\(x = - 1 \\ - 2 + 0.4y = 0.4 \\ 0.4y = 0.4 + 2 = 2.4 \\ y = 2.4 \div 0.4 = 6 \\ y = 1 \\ 2x + 0.4 = 0.4 \\ 2x = 0.4 - 0.4 = 0 \\ x = 0\)

Answer:

\(2x + 0.4y = 0.4 \\ 2( - 1) + 0.4y = 0.4 \\ 0.4 y = 2.4 \\ y = \frac{2.4}{0.6} \\ \therefore \: y = 6 \\ 2x + 0.4(1) = 0.4 \\ \therefore \: x = 0\)

Find equation of the line shown

Find equation of the line shown

Answers

The equation of the line is y = x + 6

How to detemrine the equatiin of the line

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

The graph

On the graph, we have the following highlights

The graph intersect the y-axis at y = 6

This means that the intercept c is 6

Also, as x changes by 1, the y values changes by 1

This mean sthat the slope is 1

So, we have

y = mx + c

This gives

y = x + 6

Hence, the equation is y = x + 6

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The linear equation on the graph can be written as:

y = (3/2)*x + 6

How to find the equation in the graph?

A general linear equation can be written as:

y = a*x + b

Where a is the slope and b is the y-intercept.

If the line passes through two points (x₁, y₁), then the slope will be:

a = (y₂ - y₁)/(x₂ - x₁)

In this case we can see the points (0, 6)  (so the y-intercept is b = 6)  and (4, 10)

Then the slope will be:

a = (10 - 6)/(4 - 0) = 6/4 = 3/2

Then the linaer equation is:

y = (3/2)*x + 6

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polygon h is a scaled factor of polygon g using a scale factor of 1/4

Answers

The fraction of the area of polygon H of polygon G's area would be: 1/16.

What are Similar Polygons?

When a polygon is formed by enlarging or reducing an original polygon by a scale factor, the new polygon formed is similar to the original polygon.

What is a Scale Factor?

The scale factor = new dimension/original dimension

Given that polygon H is the new polygon formed when polygon G is reduced by a scale factor of 1/4, thus, we would have the following:

Area of polygon H/Area of polygon G = square of the side of polygon H/square of the side of polygon G = square of the scale factor of dilation

Area of polygon H/Area of polygon G = 1²/4² = 1/16

This implies that the area of polygon G is 16 units² while the area of polygon H is 1 units².

Thus, the fraction of the area of polygon H of polygon G's area would be: 1/16.

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polygon h is a scaled factor of polygon g using a scale factor of 1/4

solve for x: 3x-3= -12

Answers

Answer:Isolate the variable by getting all terms and coefficients to the other side of the equal sign. (3x −3) = 12. Given equation. Add 3 to both sides to get −3 from the left side to the right side. 3x = 15. Divide both sides by 3 to get x by itself, which would give us an exact answer. x = 5.

Step-by-step explanation:

Which rule explains why these triangles are
congruent?
U
T
V
W
AAS
ASA
SAS
SSS
These triangles
cannot be proven
congruent.

Which rule explains why these triangles arecongruent?UTVWAASASASASSSSThese trianglescannot be provencongruent.

Answers

These triangles can be proven congruent by using ASA RULE.

What is congruent triangles and its rules ?

When two triangles are congruent, their three sides and their three angles match precisely.

If there is a turn or a flip, the equal sides and angles might not be in the same place, but they are still present.

ASA rule stands for Angle-Side-Angle rule which means two angles and a side of both triangles are equal.

Main Body:

In ΔTUV and ΔTWV

VT =VT                 ----(1)

∠VTU=∠TVW      -----(2)

As TUVW is a parallelogram

so, ∠T = ∠U

hence, ∠TVU =∠VTW    ----(3)

taking equation 1, 2,3

therefore, ΔTUV ≅ ΔTWV by ASA rule which means by Angle- Side- Angle rule.

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determine the number of significant figures in the measurement 6.07 m . express your answer numerically as an integer.

Answers

The total number of significant figures ( numerically as an integer ) in the given measurement 6.07 m is equal to 3.

Significant figures are the count of digit present in the given number.Zeros between two non zero digit of the given number is also significant figure.Leading zeros of the number are not considered as significant figure.

Here in the measurement 6.07 m

Zero is in between two non zero digit 6 and 7.

Zero is countable.

Total number of significant figure in 6.07 m is 3.

Therefore, the number of significant figure in the 6.07 m is equal to 3.

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Did she make an error?
Amelie wants to decorate the outside of the box but not
the bottom. It is a 5 in. by 3 in. by 2 rectangular prism. If
the beads that she is using cost $0.25 per square inch,
how much will she pay for the beads? Her work is shown.
Yes, she should have only added the area of five of
the six faces.
Yes, she did not use the correct area formula for a
rectangle
Ol Yes, she calculated the cost incorrectly.
surface area = 15 + 15 + 6 + 6 + 10 + 10 = 62 in.
cost = 0.25(62) = $15.50
No, she didn't make any errors.​

Answers

Answer:

Step-by-step explanation:

The formula for determining the surface area of a cuboid or box is expressed as

Surface area = 2lw + 2lh + 2wh

Where l, w and h represents length, width and height of the box respectively.

2lw represents the area of the top and the bottom of the box. Since she doesn't want to cover the bottom, it becomes lw. Therefore,

Surface area = 15 + 6 + 6 + 10 + 10 = 47 in².

The cost would be

0.25 × 47 = $11.75

Therefore,

Yes, she should have only added the area of five of the six faces.

Answer:

its A

Step-by-step explanation:

large sample significance tests for a single proportion are based on the .group of answer choices a. statistic binomial b. distribution test
c. uniform distribution

Answers

Large sample significance tests for a single proportion are based on the  statistic binomial. the correct option is A

What is significance tests?

Significance test can be defined as tests for statistical significance indicate whether observed differences between assessment results occur because of sampling error. Significance tests give a formal process for using sample data to evaluate the likelihood of some claim about a population value.

Therefore a Large sample significance tests for a single proportion are based on the  statistic binomial.

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Algebra 1 error analysis

Algebra 1 error analysis

Answers

The data can not be modeled with a linear function because it is not showing
continuous linearity by graphing the given data.

The radius of a circle is 19 cm. Find the area

Answers

Answer: 1134.11

A=3.14*r^2

Step-by-step explanation:

Answer:

a ≈ 1134.11 cm2

Step-by-step explanation:

The formula:

\(a=\pi r^{2}\)

\(a=\pi (19)^{2} =361\pi\)

\(a=1134.11cm^{2}\)

Hope this helps

Triangles WILL GIVE BRAINLIEST

Triangles WILL GIVE BRAINLIEST

Answers

Answer:

A

Step-by-step explanation:

A

Answer:

Q9 -  Option 1---- A -  15.6 Square Units

Q10 --Option --- (B) RECTANGLE

Step-by-step explanation:

Q9 --

Analyze:

we know area of triangle  = 1/2 ab sin theta

Where theta is the angle included between sides A and side B

Calculate:

A  = 5.2

B = 7

theta  = 121 degrees

Area:

1/2 * 5.2 * 7 * sin 121 degrees = 15.6 Square Units

Conclusion

The area of the triangle is 15.6 Square Units

Q10  - The cross-section of a right cylinder which is perpendicular to its base is a RECTANGLE

Option --- (B) RECTANGLE

Hope this helps!

Fill in the blank using the scaling factor that makes the number sentence true. 5.3 × > 5.3 0.886 or 1.00 or 1.003

Answers

The given options, the only value greater than 1 is 1.003. Therefore 0.886, which is less than 1 and makes the inequality true.

The given number sentence is 5.3 × > 5.3, where we need to find the scaling factor that makes the inequality true. To do this, we can divide both sides of the inequality by 5.3. This gives us:

5.3 × x > 5.3 ÷ 5.3 × k

We need to find the value of k that makes the inequality true. Simplifying the right-hand side of the equation, we get:

5.3 ÷ 5.3 × k = k × 1 = k

Substituting this into our equation, we get:

5.3 × x > k

We know that 5.3 × 1 = 5.3, which means that k must be greater than 1 to satisfy the inequality. Among the given options, the only value greater than 1 is 1.003. However, this value would make the inequality too large, so it is not the correct answer.

The correct answer is therefore 0.886, which is less than 1 and makes the inequality true.

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A bank offers a CD that pays a simple interest rate of 7.0%. How much must you put in this CD now in order to have $4500 for a home-entertainment center in 5 years.
The present value that must be invested to get $4500 after 5 years at an interest rate of 7.0% is $__ (Round up to the nearest cent.)

Answers

Rounding up to the nearest cent, the present value that must be invested in the CD now is approximately $3333.34.

To calculate the present value required to have $4500 after 5 years with a simple interest rate of 7.0%, you can use the formula for simple interest:

Present Value = Future Value / (1 + (Interest Rate × Time))

In this case:

Future Value = $4500

Interest Rate = 7.0%

= 0.07

Time = 5 years

Substituting these values into the formula:

Present Value = $4500 / (1 + (0.07 × 5))

Present Value = $4500 / (1 + 0.35)

Present Value = $4500 / 1.35

Present Value ≈ $3333.33

You may use the simple interest calculation to get the present value necessary to have $4500 after five years with a simple interest rate of 7.0%:

Future Value / (1 + (Interest Rate Time)) = Present Value

In this instance

$4500 is the future value.

Rate of Interest = 7.0% = 0.07

t = 5 years

Substituting these values into the formula:

$4500 / (1 + (0.07 5)) = Present Value

$4500 / (1 + 0.35) equals the present value.

Present Value = $4500 / 1.35

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The present value that must be invested now in order to have $4500 for a home-entertainment center in 5 years at an interest rate of 7.0% is approximately $3333.33

How to find the present value that must be invested to get $4500 after 5 years

Using the formula for calculating the future value of a single sum:

Future Value (FV) = Present Value (PV) + (PV * Interest Rate * Time)

We rearrange the formula to solve for the present value (PV):

PV = FV / (1 + Interest Rate * Time)

Plugging in the given values:

FV = $4500

Interest Rate = 7.0% = 0.07

Time = 5 years

PV = $4500 / (1 + 0.07 * 5)

PV = $4500 / (1 + 0.35)

PV = $4500 / 1.35

PV ≈ $3333.33

Therefore, the present value that must be invested now in order to have $4500 for a home-entertainment center in 5 years at an interest rate of 7.0% is approximately $3333.33 (rounded up to the nearest cent).

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How can you do a story from this equation:3+(4x12)

Answers

Answer:

A car dealership has a special on rentals. They charge a one time fee of $3 and then $4 per day for the rental. If John gets a rental from this dealership, how much will his total be after 12 days?

Step-by-step explanation:

Hope this helps!

What is the value of the expression |-31| + |-9|?

Answers

Answer:

40

Step-by-step explanation:

Absolute value means distance and distance is always positive. Absolute value DOES NOT change everything to the opposite. Positive numbers stay positive. Negative numbers change to positive.

|-31| + |-9|

31 + 9

40

I really need help with this.

I really need help with this.

Answers

Answer:

300 cm cubed or 300 cm^3

Step-by-step explanation:

(b x h ) / 2 = Area of triangle

5 x 12 = 60

60 / 2 = 30

Because it is a prism, the cross-sectional area is the same throughout the prism. Therefore, you just need to multiply the area by the height/width, which is 10cm.

30 x 10 = 300 cm cubedor 300 cm^3

Answer:

1/2BA*2+l*w

1/2*12*5*2+10*13+12*10+10*5

=360cm

Find the value of each of the following polynomial:​

Find the value of each of the following polynomial:

Answers

Answer:

Step-by-step explanation:

( i )

\(p(x) = 4x^2 -3x + 7\\\\p(1) = 4(1)^2 - 3(1) + 7 = 4 - 3 + 7 = 1 + 7 = 8\)

( ii)

\(q(y) = 2y ^3 -4y + \sqrt{11}\\\\q(1) = 2( 1)^3 - 4(1) + \sqrt{11} = 2 - 4 + \sqrt{11} = -2 + \sqrt{11}\)

(iii)

\(r(t) = 4t^4 + 3t^3 -t^2+6\\\\r(p) = 4(p)^4 + 3(p)^3 - (p)^2 + 6= 4p^4 + 3p^3 -p^2 + 6\)

(iv)

\(s(z) = z^3 -1\\s(1) = (1)^3 -1 = 1 - 1 = 0\)

(v)

\(p(x) = 3x^2+5x-7 \\\\p(1) = 3(1)^2 + 5(1) - 7 = 3 + 5 - 7 = 8 - 7 = 1\)

(vi)

\(q(z) =5z^3 -4z +\sqrt{2}\\\\q(2) = 5(2)^3 - 4(2) \sqrt2 = (5 \times 8) - ( 4 \times 2) + \sqrt 2 = 40 - 8 + \sqrt 2 = 32 + \sqrt2\)

Other Questions
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