Challenge for you:

You deposit $400 each month into an account earning 5% annual interest compounded monthly.

a) How much will you have in the account in 20 years?
b) How much total money will you put into the account?
c) How much total interest will you earn?

Answers

Answer 1

9514 1404 393

Answer:

  a) $164,413.47

  b) $96,000

  c) $68,413.47

Step-by-step explanation:

a) The account value is given by the annuity formula:

  A = P(12/r)((1 +r/12)^(12·t) -1)

where monthly payment P earns interest at annual rate r compounded monthly for t years.

  A = $400(12/0.05)((1 +0.05/12)^(12·20) -1) = $400(240)(1.712640285)

  A ≈ $164,412.47

You will have $164,413.47 in the account after 20 years.

__

b) You put $400 in the account each month for 240 months, for a total of ...

  $400 × 240 = $96,000 . . . . total of your deposits

__

c) The account balance in excess of your deposits is the amount of interest you earned:

  $164,413.47 -96,000 = $68,413.47 . . . . interest earned


Related Questions

Help pleaseeeeeeeeeeeeeeeee

Answers

Answer:

D(- 1) = 2

Step-by-step explanation:

To evaluate D(- 1), substitute x = - 1 into D(x) , that is

D(- 1) = (- 1)² - 2(- 1) - 1 = 1 + 2 - 1 = 2

A chocolate chip cookie manufacturing company recorded the number of chocolate chips in a sample of 60 cookies. The mean is 22.36 and the standard deviation is2.97 . Construct a ​80% confidence interval estimate of the standard deviation of the numbers of chocolate chips in all such cookies.

Answers

Answer:

2.665 < σ < 3.379

Step-by-step explanation:

Given :

s = 2.97

Sample size, n = 60

α = 80%

χ² Critical value (two - tailed), df = (60-1) = 59

χ² = 45.577 ; χ² = 73.279

The 80% confidence interval for the standard deviation :

s * √(n - 1) / χ² critical

2.97 * √(60 - 1) / 73.279 < σ < 2.97 * √(60 - 1) / 45.577

2.665 < σ < 3.379

Help me please and thank you

Answers

Answer:

D. 3

Step-by-step explanation:

Answer:

3

step by step explanitation

Emily, Yani and Joyce have a total of 3209 stickers. Yani has 2 times
as many stickers as Joyce. Emily has 279 more stickers than Yani. How
many more stickers does Emily have than Joyce?

Answers

Answer:

279+x

Step-by-step explanation:

Emily + Yani + Joyce=3209 stickers

if Yani has 2 times as many stickers as Joyce:this statement states that Joyce has x stickers and Yani has 2x stickers because x multiplied by 2

"Emily has 279 more stickers than Yani":therefore the equation for Emily will be ;279+2x

how many stickers does Emily have than Joyce:

(279+2x)-(x)

279+2x-x

=279+x

a cycle travel 1st km at therateof 10 km per hour the second km at the rate of 3 per hour and third at therate of 6 km.find the average speed of cyclea cycle travel 1st km at therateof 10 km per hour the second km at the rate of 3 per hour ​

Answers

Answer:

18 kilometers 120 kilometers

Please i need to find the era bounded by the following curves

Answers

Answer:

10 2/3 or 32/ 3

Step-by-step explanation:

5 - x^2 - (2 - 2x) =

= -x^2 + 2x + 3

Integral of (-x^2 + 2x + 3)dx from -1 to 3 =

= -x^3/3 + 2x^2/2 + 3x from -1 to 3

= -x^3/3 + x^2 + 3x from -1 to 3

= -27/3 + 9 + 9 - (1/3 + 1 - 3)

= -9 + 9 + 9 - 1/3 - 1 + 3

= 11 - 1/3

= 10 2/3 = 32/3

Answer:

32/3

Step-by-step explanation:

Check the pdf :)

Five students want to play dodgeball and they all want to be a team captain. To be fair, the gym coach decides to place the names of all five students into a hat, mix well, and select two names at random without replacement. The names chosen will be the team captains. Each outcome in the sample space for the random selection of two team captains is equally likely. What is the probability of each outcome in the sample space?
1/25
1/20
1/10
1/5

WARNING! PEOPLE HAVE BEEN PUTTING THE FOLLOWING WRONG ANSWERS:
1/10 AND 1/5 --> THESE TWO ARE WRONG.

I THINK IT IS 1/20. CAN SOMEONE CONFIRM?

Answers

Answer:

1/25

Step-by-step explanation:

There are five students. They all have a 1/5 chance. You have to include the chance of all five students, so each student has a 1/25 chance.

Answer the question given above

Answers

Answer:

See explanation

Step-by-step explanation:

This is how you are suppoussed to solve it:

Measure each and every side of the rectangle with a ruler and add it. This would be your perimeter

This cannot be solved unless the page is infront of us.

Jill records the temperature outside every hour for 4 hours. She finds that the temperature dropped by the same amount each hour. After 4 hours, she finds that the temperature dropped a total of 20∘F. She writes this number sentence.
(−20)÷4=−5
What does the number sentence mean?
The total drop in temperature, −20∘F, divided by 4 hours equals −5∘F per hour. The temperature dropped 5∘F each hour.

The total number of drops, 20, divided by 4 hours equals 5 times per hour. The temperature dropped 5 times per hour.

The total number of hours, 20, divided by 4∘F equals 5 hours. The temperature dropped once every 5 hours.

The total drop in temperature, −20∘F, divided by 4∘F in the first hour, equals −5 drops. The temperature dropped 5 times.

Answers

Answer:

It is the first one, The total drop in temperature, −20∘F, divided by 4 hours equals −5∘F per hour. The temperature dropped 5∘F each hour.

Step-by-step explanation:

solve and reduce to lowest term 7/13+3/13

Answers

Answer:

Step-by-step explanation:

10/13

Answer: 10/13

Explanation:

= 7/13 + 3/13

Its like fraction

= 10/13

Its already in lowest terms

Must click thanks and mark brainliest

Use a half-angle identity to find the exact value of cos 15

Answers

Answer:

It's too short. Write at least 20 characters to explain it well.

what number is divisable by 5


Answers

Answer:

5,10,15,20,25 and so on with the increase of 5 in it

nearest number of 64653​

Answers

Answer:

is it like this

64653=65000

Answer:

là 64652/64654

If anyone can help me I will really appreciate!!

Answers

Answer:

The decimal form of the equation is y = 2.5x + 10

The equivalent fraction form is y = (5/2)x + 10 because 5/2 = 2.5

===========================================================

Explanation:

We can pick any two columns from the table to form the two points needed.

I'll pick the first two columns

(1, 12.5)

(2, 15)

Then apply the slope formula to those points

m = (y2-y1)/(x2-x1)

m = (15-12.5)/(2-1)

m = (2.5)/(1)

m = 2.5

Now use that slope with either point mentioned to find the y intercept b.

y = mx+b

12.5 = 2.5*1 + b

12.5 = 2.5 + b

12.5 - 2.5 = b

10 = b

b = 10

Or

y = mx+b

15 = 2.5*2+b

15 = 5+b

15-5 = b

10 = b

b = 10

We end up with the same b value.

We found that m = 2.5 is the slope and b = 10 is the y intercept

Therefore we go from y = mx+b to y = 2.5x + 10

This is the same as saying y = (5/2)x + 10 since 2.5 = 5/2

Identify the decimals labeled with the letters A B and a C

Answers

Answer:

A=3.1

B=4.2

C=2.7

Step-by-step explanation:

Find the volume of a pyramid with a square base, where the side length of the base is 17.6 m and the height of the pyramid is 13.4 m. Round your answer to the nearest tenth of a cubic meter.

Answers

Answer:

~1383.5 meters cubed

Step-by-step explanation:

(17.6 x 17.6 x 13.4) ÷ 3 = ~1383.5

2/4= 4-2 true or false

Answers

Answer:

= Answer is false

Step-by-step explanation:

False is the ans

Hi I need help with part c please and thank you so much if you can do so

Answers

For the hole in one pythagores theorem would work because a right angled triangle eill be formed and hole in one would be the hypotenuse which can be found using the theorem.

b²+p² = h²

Answered by Gauthmath must click thanks and mark brainliest

8. Write (2x + 1)(x - 3)(x - 2) in standard form.
2x3 - 9x2 + 6
2x3 - 9x2 + 7x + 6
O
2x3 + 7x - 9x2 + 6
O
7x + 2x3 - 9x2 + 6

Answers

Answer:

2x^3 - 9x^2 + 7x + 6

Step-by-step explanation:

(2x + 1)(x - 3)(x - 2)=2x^3 - 9x^2 + 7x + 6

Malek sets out for a hike at 8.00 am and returns at 17:15.
How long was Malek hiking for?
hours and
minutes

Answers

Answer:

9 hours and 15 mins

Step-by-step explanation:

17 - 8 (time calculation)

look at the image to see the question

Answers

9514 1404 393

Answer:

  1385.4 yd³

Step-by-step explanation:

The formula for the volume of a cylinder is ...

  V = πr²h . . . . radius r and height h

For the given radius and height, the volume is ...

  V = π(7 yd)²(9 yd) = 441π yd³ ≈ 1385.4 yd³

5 Cece draws these two figures to prove there is more
than one parallelogram with a 40° angle between a
2-cm side and a 6-cm side. Is Cece correct? Explain.
2 cm
40
4.
2 cm

Answers

Answer:

chash greatly ta 45uerywryrsyrsyrs

Hoa mua 2 con gà . Lan mua 4 con gà. Hỏi cả 2 bạn mua bao nhiêu con gà

Answers

Answer: 6 con ga

Step-by-step explanation:

So ga ca 2 ban mua la:

2+4=6 (con ga)

Did any one know this?

Answers

Answer:

x sqrt(2)

Step-by-step explanation:

sqrt(a) / sqrt(b) = sqrt(a/b)

sqrt( 14 x^3) / sqrt(7x)

sqrt(14x^3/7x)

sqrt(2x^2)

sqrt(ab) = sqrt(a)sqrt(b)

sqrt(x^2) sqrt(2)

x sqrt(2)

The scatterplot shows the number of bedrooms in a house and the selling price for that house.



Calculate the residual for the house with 6 bedrooms, to the nearest thousand.

The residual for the house with 6 bedrooms is ___
-30k
-26k
26k
30k

Answers

Answer:

-26k, -26,000 ; (B)

ED2021

The residual for the house with 6 bedrooms is -26k.

What is Scatterplots?

Scatterplots are the plotting of set of points on a vertical axis and an horizontal axis. The shows the correlation extent between the numbers of the observed quantities.

Given is a scatterplot showing the selling price of houses with the number of bedrooms.

Equation of the line of best fit is given as,

y = 6.3x + 4.8

Residual = Actual value - Predicted value

From the scatterplot,

Actual selling price of house with 6 bedrooms = 40 × 10,000 = 400,000

Predicted selling price for 6 bedrooms = (6.3 × 6) + 4.8

                                                                 = 42.6 × 10,000

                                                                 = 426,000

Residual = 400,000 - 426,000

              = -26,000

Hence the residual is -26k.

Learn more about Residuals and Scatterplots here :

https://brainly.com/question/27847907

#SPJ2

Point g is located at (3,6) on the coordinate plane. Point G is reflected over the x-axis to create point G'. Point G' is then reflected over the y-axis to create point G''. What ordered pair describes the location of G''.

Answers

-Answer:

(-3. -6)

Step-by-step explanation:

G (3,6)

x axis reflect

G' (3, -6)

y axis reflect

G'' (-3. -6)

Find the equation of the line using the point-slope formula. Write the final equation using the slope-intercept form.
perpendicular to
7y = x − 4
and passes through the point
(−2, 1)

Answers

Answer:

[tex]y = -7x -13[/tex]

Step-by-step explanation:

Given

Perpendicular to

[tex]7y = x -4[/tex]

Passes through

[tex](-2,1)[/tex]

Required

The equation

First, we calculate the slope of:

[tex]7y = x -4[/tex]

Divide through by 7

[tex]y = \frac{1}{7}x - \frac{4}{7}[/tex]

A linear function is:

[tex]y=mx + c[/tex]

Where;

[tex]m \to slope[/tex]

So:

[tex]m = \frac{1}{7}[/tex]

For the perpendicular line; the slope is:

[tex]m_2 = -\frac{1}{m}[/tex]

So, we have:

[tex]m_2 = -\frac{1}{1/7}[/tex]

[tex]m_2 = -7[/tex]

The equation is:

[tex]y = m(x - x_1) + y_1[/tex]

So, we have:

[tex]y = -7(x - -2) + 1[/tex]

[tex]y = -7(x +2) + 1[/tex]

Open bracket

[tex]y = -7x -14 + 1[/tex]

[tex]y = -7x -13[/tex]

heSellsSeaShells is an ocean boutique offering shells and handmade shell crafts on Sanibel Island in Florida. Find the price SheSellsSeaShells should charge to maximize revenue if p(x)=160−2xp(x)=160−2x, where p(x)p(x) is the price in dollars at which xx shells will be sold per day.

Answers

Answer:

it's too much for me im a child u know

Due the end of the week pls help.

Answers

This problem seems like a lot when you read through it, but when you start to analyze the problem, the whole first line is extra information that we don't actually need. The part we really need to pay attention to is:

"p = qr - f, write the equation with q solved in terms of p, r, and f."

So, all we are doing here is some manipulating of the equation to get what we want. So, if p = qr - f, we can isolate the variable (q), to get p + f = qr. Now all we have to do is divide both sides by r to isolate the variable (q) even further, and we get [tex]$\frac{p+f}{r}=q$[/tex] or [tex]$r=\frac{p+f}{r}$[tex]

Which of the following numbers has the greatest value?
89 3/4
66 1/2
55 2/3
74 1/4
106 5/6

Answers

Answer:

106 5/6

Step-by-step explanation:

55 < 66 < 74 < 89 < 106

the fractions are irrelevant because the whole numbers are all different

The greatest of the numbers will be 106 5/6 since 106 is greater than the rest of the integers present in the mixed fractions.

Finding greatest value in a sequence

The greatest value is the highest value in a given set of number.

Given the following numbers

89 3/4

66 1/2

55 2/3

74 1/4

106 5/6

The greatest of the numbers will be 106 5/6 since 106 is greater than the rest of the integers present in the mixed fractions.

Learn more on mixed fractions here: https://brainly.com/question/414559

#SPJ6

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