How much money should be deposited in an account today that earns 4% compounded monthly so that it will accumulate to $10,000 in 5 years?

Answers

Answer 1

Answer:

$8206.37

Step-by-step explanation:

According to the Question,

Given, Some money should be deposited in an account today that earns 4% interest Annually. but it is compounded monthly so (4/12)% Will be the new interest Rate .

Now, What Money Should be Invested For 5 years(60 months) to get $10000 in Return .

The Formula for Compound interest is  [tex]A=P(1+\frac{r}{n})^{nt}[/tex] .

We have, r=4% , n=12 , t=5 & A=$10000 Put These all value in above equation.

[tex]10000=P(1+\frac{0.04}{12})^{60}[/tex]

[tex]P= \frac{10000}{1.0033^{60} }[/tex]   ⇔ $8206.37 Should be invested .


Related Questions

20 POINTS!
The time t required to drive a certain distance varies inversely with the speed r. If it takes 4 hours
to drive the distance at 50 miles per hour, how long will it take to drive the same distance at 40
miles per hour?

Answers

Answer:

1.78 hours

Step-by-step explanation:

If t varies inversely with the speed, the formula for that is  t= \frac{k}{r} .  If t = 2 and r = 40, then we can solve for k, the constant of variation.  Multiply both sides by 40 to get  k = 80.  Now we need to find the value for t when r = 45.  Using the k value we just solved for, we will fill in the equation as  t= \frac{80}{45}   for a t value of about 1.78 hours

Determine a function a(w) that models the area of the top surface of the swimming pool in terms of the width , w

Answers

Answer:

[tex]A(w) = (40 - w) * w[/tex]

Step-by-step explanation:

Given

[tex]P = 80[/tex] ---- perimeter

Required

Write the area as a function of width

The perimeter of a rectangle is:

[tex]P =2(l + w)[/tex]

Where

[tex]l \to length\\ w \to width[/tex]

So, we have:

[tex]80 = 2*(l+w)[/tex]

Divide by 2

[tex]40 = l + w[/tex]

Make l the subject

[tex]l =40 - w[/tex]

The area of a rectangle is:

[tex]A = l * w[/tex]

Substitute: [tex]l =40 - w[/tex]

[tex]A = (40 - w) * w[/tex]

Hence, the function is:

[tex]A(w) = (40 - w) * w[/tex]

CAN SOMEONE PLEASE HELP ME??!!

Answers

Answer:

RO = 17.9

Step-by-step explanation:

If they're similar, the fraction between their sides need to be equal, so do this:

NK/NM = RO/RQ

71.6/64 = RO/16

71.6•16/64 = RO

RO = 17.9

evaluate the function for x = -8.
f(x) = -2x - 12

Answers

Answer:

4

Step-by-step explanation:

f(-8)=-2(-8)-12

f(-8)=16-12

=4

Yes the correct answer is 4

HELP WITH THIS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

B., E.

Step-by-step explanation:

what was the difficulty ? this is just to understand the movement of a thrown rock.

what happens, when you throw a rock through the air ? it will first move up a little bit, reaches a maximum height, and then drops down again.

that is what the graphic shows.

so, can A. be correct ? no. as we move from 0 seconds to the right (time passes) the height of the rock increases first (before decreasing again later on).

can C. be correct ? no, it would mean that the function would look the same on both sides of the x-axis. this is clearly impossible.

can D. be correct ? no, nowhere in the graph is the height (= the functional value, the y to the x) negative.

can F. be correct ? no, we clearly see the maximum height at 1.5 seconds. at 3 seconds the height is actually at its minimum.

a bag with 3 red marbles,4 blue marbles and 5 yellow marbles.what is the probability you draw a blue marble?

Answers

Answer:

4/12

Step-by-step explanation:

add up all the marbles, and take how many blue marbels there are and put both numbers in fraction form

please i need help, right now!!! i give the person the brainliest answer!! im giving 15 points… please help

Answers

Answer:

Ummmm its just a black screen

Step-by-step explanation:

What is the sum of the fractions? Use the number line and equivalent fractions to help find the answer.
-12-1
-3
-11
2
2
-1
2
х
-1
DO
o
-13
من ال۔
ला

Answers

Answer:  -3/4  (choice C)

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

Explanation:

Think of a whole cake or pizza. Now slice it into 4 equal pieces. This represents 1 is the same as 4/4.

Adding on another quarter slice gets us 4/4+1/4 = 5/4

In other words, the mixed number 1 & 1/4 is the same as the improper fraction 5/4.

So 1 & 1/4 = 5/4

This then means -1 & 1/4 = -5/4 because we multiply both sides by -1.

Now we'll add on 1/2, which is the same as 2/4, like so

(-1 & 1/4) + 1/2

-(1 & 1/4) + 2/4

-(1 + 1/4) + 2/4

-1 - 1/4 + 2/4

-1 + (-1/4 + 2/4)

-1 + 1/4

-4/4 + 1/4

-3/4

which points us to choice C as our final answer

Notice how if we started at -5/4, and moved to the right 2 tickmarks, we arrive at -3/4. Each tickmark represents 1/4 of a unit, so two of them is 2/4 = 1/2.

Side note: -3/4 converts to the decimal -0.75

Given that ABCD is a rhombus, what is the value of x?

Answers

Your answer is 30 i guess you understood
Keep learning : )

Answer:20.75

Step-by-step explanation:

Trust me gangsta

Segments BD and CE are axes of the ellipse below.
Which of the following reflective symmetries apply to the ellipse below?

Answers

Answer:

Yes and Yes

Step-by-step explanation:

If you fold them over on both sides then they overlap perfectly, therefore they are reflective.

in how many ways can a principal choose 3 of their 30 teachers to attend a conference

need ko po ng explanation please.....​

Answers

Answer:

[tex]4,060[/tex]

Step-by-step explanation:

[tex]\binom{30}{3}=\boxed{4060}[/tex]

There are 30 teachers for the principal to choose from initially. After the principal chooses one, there will be 29, 28, 27, and so on.

Since the principal is only choosing 3, there are [tex]30\cdot 29\cdot 28=24,360[/tex] permutations. However, the order of which the principal chooses the teachers does not matter. In other words, without loss of generality, let the name of three of the teachers be Adam, Bernie, and Carla. Regardless of whether the principal chooses Adam then Bernie then Carla or Carla then Adam then Bernie, etcetera, the same three teachers are still being chosen.

Thus, we must divide by the number of ways you can rearrange three distinct teachers, which is [tex]3![/tex].

Therefore, the desired answer is [tex]\frac{24360}{3!}=\frac{24360}{6}=\boxed{4,060}[/tex]

Find the value of z.



A. 118
B. 100
C. 93.5
D. 42.5

Answers

Answer:

[tex](180-73)=z+114/2[/tex]

[tex]107*2=z+114[/tex]

[tex]z=214-114[/tex]

[tex]z=100[/tex]

❄ B. 100

------------------------

hope it helps...

have a great day!!

In the given circle in which angles are 73°,96°,114° then the value of z is equal to 100 which is option b.

What is circle?

Circle is a shape consisting fall points in a plane thata are at a given distance from a given distance from a given point which is the centre of the circle.

How to find angle?

In the circle we can see the following:

(180-73)=(z+114)/2

107*2=z+114

214=z+114

z=214-114

=100

Hence in the given circle in which angles are 73°,96°,114° then the value of z is equal to 100 which is option b.

Learn more about angles at https://brainly.com/question/25716982

#SPJ2

Blue
A bowl contains:
• 3 red erasers
• 4 blue erasers
.6 green erasers
• 7 pink erasers
An eraser will be drawn from
the bowl and replaced 50 times.
What is a reasonable prediction
for the number of times a green
eraser will be drawn?

Answers

Answer:

i think it will be chose 3 times

Step-by-step explanation:

im not sure thats my pridiction

Answer:

0.4

Step-by-step explanation:

does anyone know how to do this ?

Answers

Answer:

i^85 = i

A way you can solve this is divide 85 by4

The remainder is one right? that means i^85 is the same as i^1. remember, i^1 = i.

I think it B it’s like simplifying imaginary numbers

1.en cada unos de los siguientes monomios identificó el coeficiente y la parte literal , halló el grado y el valor numérico para los valores . ×=3,Z =5. (a) 3ײ (b) 4ײ y (c) - 5ײy²z². ​
porfa me ayudan

Answers

I wish I could understand your language I DONT KNOW THOUGH SORRY

IF THE INTEGERS IS 12,-6,8,-5,7,-4,3 ARE MARKED ON THE NUMBER LINE, THE ONE THAT COMES ON THE EXTREME LEFT

Answers

Answer:

- 6

Step-by-step explanation:

Given the integers : 12,-6,8,-5,7,-4,3

To obtain which one falls on the extreme left, the integers are arranged in ascending order, and the least value is chosen as this is the number which falls to the extreme left of arranged on a number line.

Ordered value in ascendibg order :

-6, -5, -4, 3, 7, 8, 12

The value which will. Fall. On the extreme left is : - 6

what are the factors of x^3-2x^2+x+2

Answers

Ummm I think 4 hope this helps

Help ASAP math homework no spam links or i will report

Answers

Answer:

[tex]x = \frac{19-2y}{3}[/tex]

[tex]y=-\frac{3x+19}{2}[/tex]

Step-by-step explanation:

4x + y = 22

y = x - 3

4x + y + y = 22 + x - 3

4x + 2y = 19 + x

4x - x + 2y = 19 + x - x

3x + 2y ÷ 3 = 19 ÷ 3

[tex]x = \frac{19-2y}{3}[/tex]

[tex]y=-\frac{3x+19}{2}[/tex]

Answer:

a)Let's solve for x.

4x+y=22

Step 1: Add -y to both sides.

4x+y+−y=22+−y

4x=−y+22

Step 2: Divide both sides by 4.

4x

4

=

−y+22

4

x=

−1

4

y+

11

2

a)y=x−3

b)y=

−1

2

x+6

b)x=y-12

The graph of f(x) is the solid black graph below. Which function represents the
dotted graph?

Answers

Answer: The answer is y= f(x+1)+5

Step-by-step explanation: The reason is that when you are translating the graph, the information in the parenthesis (In this case: (x+1)) is always on the x axis moving either left or right. You just go one in the opposite direction of what the sign is, so since the sign in the parenthesis is "+" you would go left in the opposite direction. Then, for the upward translation, you would have to move 5 units upward and this is done by just adding five to the end of it.

Find the interest rate if £6400 has a final value of £8334 in 3 years. Give your answer to 1 d.p​

Answers

Answer:

Step-by-step explanation:

6400(1+i)³=8334

(1+i)³=1.3021875

∛(1+i)³=∛(1.3021875)

1+i= 1.092

i= .092

I guess if you were to round to 1 decimal point it'd be .1

What is 4/5 of 2kg in grams​

Answers

Answer: 1600g

Step-by-step explanation: (4 * 2kg) / 5 = 8/5kg

8/5kg = 1.6kg

1.6kg * (1000g / 1kg) = 1600g

Answer:

1 3/5kg.

Step-by-step explanation:

So, to figure this out, lets go over what we know.

There is 2kg.

We need to find 4/5 of this.

A way you can think of this is 2kg*4/5. Or:

2*4/5

Remember, all whole numbers have a denominator of 1. So this is:

2/1*4/5

Or

[tex]\frac{2}{1} *\frac{4}{5}[/tex]

When doing multipaction, the numerator multipies hte numeraot, and the denominator multiplies the denominator.

So in the numerator, it will be 2 times 4:

2*4=8

And in the denominator, it will be 1 times 5:

1*5=5

So the answer is:

8/5

Hope this helps!

What is the value of
4/3 divided by 2/5 ?

Answers

Answer: (10/3)

Explanation:

(4/3)/(2/5) = (10/3)
Multiply by reciprocal
And solve

Answer:

4/3 ÷ 2/5

= 4/3 × 5/2

= 4×5/3×2

= 20/6

= 10/3 = 3  1/3 or 3.3333

NEED HELP ASAP PLS
10. Jimmy was a busboy and makes 7.15 per hour. Ashley is a server and makes 3.40 per hour plus about $105 in tips per week. how many hours would they have to work to make the same amount?​

Answers

Answer: 28 hours

Step-by-step explanation:

1. Write original equation: 7.15x=3.40x+105

2. Combine like terms to isolate x: 3.75x=105

3. Divide both sides by same amount to find x: x=28

They would have to work 28 hours to earn the same amount of money.

Mr.Caldwell has 10 full size pizzas and half of another one.He wants to share the pizza with 8 of students. Mr.Caldwell doesn't want any pizza.How much pizza did will each student get?

Answers

Answer: [tex]1\ \text{Pizza}\ \text{and}\ \dfrac{5}{16}\ \text{pizza}[/tex]

Step-by-step explanation:

Given

Mr. Caldwell has 10 full pizzas and half of another one

he wants to distribute it in among 8 of his students

Total pizzas are [tex]10+\frac{1}{2}=\frac{21}{2}[/tex]

So, each student gets

[tex]\Rightarrow \dfrac{\dfrac{21}{2}}{8}\\\\\Rightarrow \dfrac{21}{16}\ \text{or}\ 1\dfrac{5}{16}[/tex]

that is 1 pizza and five-sixteenth part of a pizza.

Suppose your mother can clean your kitchen in 30 minutes. You can clean the kitchen in 45 minutes. How long will it take you and your mother to clean the kitchen working together? (write equation and show work to solve)

Answers

Answer:

it will take 18 min

Step-by-step explanation:

1/45+1/30=2/90+4/90=5/90=90 divided by 5 is 18

Acri invested $500 for 3 years at the rate of 2.8% per year compound interest. Calculate the final amount he has after 3 years

Answers

Answer:

[tex]A=P (1 + \frac{r}n)} ^{nt}[/tex]

A = 500(1 + .028/1)^ (3*1)

$543.19

Step-by-step explanation:

can you guys help me please!

Answers

Answer:

Step-by-step explanation:

factorize 6×square + 5× - 4 =o​

Answers

Answer:

6×square + 5× - 4 =o

6×square+(8-3)×-4=0

6×square+8×-3×-4=0

2×(3×+4)-1(3×+4)=0

(3×+4)(2×-1)=0

either,

3x+4=0

3×=-4

×= -4/3

or,

2x-1=0

×=1/2,,

Write the exact value of the side length of a square with an area of
100 square units,
95 square units.
36 square units.
30 square units.

Answers

Why do you answer it if you don’t know

What is the value of the expression 1/3x − 3/4 when x = 1/4?

Answers

1/3 x 1/4 - 3/4
it should be -2/3
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