PLS MATH QUIZZ

Jeremiah invested $70,000 in an account paying an interest rate of 6.8% compounded daily.Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach $99,000?

Answers

Answer 1

Answer:

t≈

5.1

Step-by-step explanation:

A=99000 P=70000 r=0.068 n=365

Given values

99000

70000

(

1

+

0.068

365

)

365

t

70000(1+

365

0.068

)

365t

Plug in values

99000

=

99000=

70000

(

1.0001863

)

365

t

70000(1.0001863)

365t

Simplify

99000

70000

=

70000

99000

=

70000

(

1.0001863

)

365

t

70000

70000

70000(1.0001863)

365t

Divide by 70000

1.4142857

=

1.4142857=

1.000186

3

365

t

1.0001863

365t

log

(

1.4142857

)

=

log(1.4142857)=

log

(

1.000186

3

365

t

)

log(1.0001863

365t

)

Take the log of both sides

log

(

1.4142857

)

=

log(1.4142857)=

365

t

log

(

1.0001863

)

365tlog(1.0001863)

Bring exponent to the front

log

(

1.4142857

)

log

(

1.0001863

)

=

log(1.0001863)

log(1.4142857)

=

365

t

log

(

1.0001863

)

log

(

1.0001863

)

log(1.0001863)

365tlog(1.0001863)

Divide both sides by log(1.0001863)

1860.731865

=

1860.731865=

365

t

365t

Use calculator

1860.731865

365

=

365

1860.731865

=

365

t

365

365

365t

Divide by 365

5.0978955

=

5.0978955

Answer 2

It would take 5 year for the value of the account to reach $99,000.

What is Future Value?

The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). For investors and financial planners, the future value is crucial because they use it to predict how much an investment made now will be worth in the future.

Given:

P = $70000

R= 6.8%

SV = $99000

For Compounded Daily

A = P [tex](1+ (R/100)/ 365) ^{365n[/tex]

99000 = 70000 [tex](1+ (0.068/100)/ 365) ^{365n[/tex]

[tex](1+ (0.068/100)/ 365) ^{365n[/tex] = 1.414

[tex](1. 00019)^{365n[/tex] = 1.414

[tex]1.072^n[/tex] = 1.414

and, n=5 years

Hence, it would take 5 year for the value of the account to reach $99,000.

Learn more about future Value here:

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Related Questions

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Answers

Answer:

3x^999000

Explantiotn

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Answers

Answer:

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Step-by-step explanation:

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Answers

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Answers

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answers

Answer:

a) 6b) 3t² - 17t + 28c) 3t² - 5t - 2

Step-by-step explanation:

Given function:

g(t) = 3t² - 5t + 4

a)  g(2)

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b)  g(t - 2)

g(t - 2) = 3(t - 2)² - 5(t - 2) + 4 =               3(t² - 4t + 4) - 5t + 10 + 4 =               3t² - 12t + 12 - 5t + 16 =               3t² - 17t + 28

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Answers

Answer:

V≈565.5cm³ is the answer

Dax is buying coffee for 5 people in his office. He also leaves a $2.00 tip for the barista.

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Answers

16.25 should be your answer

Answer:

3.25

Step-by-step explanation:

Brianna bought snacks for her team's practice. She bought a bag of

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Answers

Answer:

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Step-by-step explanation:

The total cost is $16.07 and there was 2 things bought- the oranges and the juice bottles. to make it easier to find the cost of the juice bottles, we'll subtract the cost of the oranges (2.63) from the total (16.07), which gives us 13.44. this number represents the total cost of only the bottles. To find out the cost if each individual bottle, you need to divide the total (13.44) by the number of bottles (8). This gives us 1.68, so the cost of each bottel is $1.68

Hope this help :)

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

Below...

Step-by-step explanation:

Scientific Notation:

2.004 × 10-5

Scientific Notation:

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(2, 1), (4, 3). (6, 5), (8,7)

Answers

Answer:

(1,  2), (3,  4), (5, 6), (8, 7)

Step-by-step explanation:As we can observe from the answers the representation is about the pair of points. We can sort it out by excluding the wrong options.

a b =


PLEASE TELL NEEEE

Answers

Answer:

i am not sure if this is what u need but i hope it is.

In mathematics, equality is a relationship between two quantities or, more generally two mathematical expressions, asserting that the quantities have the same value, or that the expressions represent the same mathematical object. The equality between A and B is written A = B, and pronounced A equals B.

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Answers

Answer:

a+b

Step-by-step explanation:

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(a)(-a)
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Answers

Answer:

a - a or (a +(-a))

Step-by-step explanation:

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and
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Answers

Answer:

3

Step-by-step explanation:

the y intercept is were x=0

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Answers

Answer:

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Step-by-step explanation:

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I hope this helps you :D

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Answers

Answer:

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Step-by-step explanation:

7x/7=2/7

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Solution: 2/7

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Answers

Step-by-step explanation:

The amount that you decrease the price by can be expressed as a percent of the selling price, known as the markdown rate.

Brainliest to first correct answer.
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Answers

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You have two identical boxes which an interior dimensions of 8.0x8.0x8.0. You completely fill one of the boxes with wooden spheres that are 1.6 in diameter. The other box gets filled with wooden cubes that are 1.6 cm on each edge. After putting the lid on the filled boxes, you then measure the density of each. Which one is more dense?

Answers

Answer: The one filled with wooden cubes.

Step-by-step explanation:

First, the box filled with spheres will have empty space, this is for how spheres are, so independent of the radius of the sphere, we will always have some empty space inside the box.

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We know that:

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And we know that:

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Answers

Answer:

Its reflected over the y axis

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Answers

Answer: .10d+.25q<_ 4

Step-by-step explanation:

d= dimes and q = quarters

dimes are worth .10 and quarters are worth .25

The inequality for the given situation is

0.1d + 0.251 ≤ 4

What is inequality?

It shows a relationship between two numbers or two expressions.

There are commonly used four inequalities:

Less than = <

Greater than = >

Less than and equal = ≤

Greater than and equal = ≥

We have,

10 dimes = 1 dollar

1 dime = 0.1 dollar

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1 quarter = 0.25 dollar

Now,

The maximum amount is $4.

So,

0.1d + 0.251 ≤ 4

Thus,

The inequality is 0.1d + 0.251 ≤ 4.

Learn more about inequalities here:

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Answers

similar it is just 3 times bigger but similar

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Answers

3x12+5 is greater than 12 .

Cost of a tie: $35.50
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Answers

Answer:

40.25 i believe

Step-by-step explanation:

A figure is made up of one square and one triangle. The square has a side Length of 13 feet. The triangle has a base of 13 feet and a height of 8.2 feet. What is the total area of the figure.

Answers

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MMMM THE MODERATORS ARE MAKING ME FLIPPING ANGRY! I NEED SOMEONE TO ANSWER MY QUESTION PLEASE .

Answers

Answer:

780

Step-by-step explanation:

So 5% is 39 so 5% x 20 is 100% do the same with the 39 so do

39 x 20 = 780

PLEASE NO ONE WONT HELP ME this is literally my last question I did the rest my self


Drag each label to the
correct location on the image.
Match each number to the type of notation it is expressed in. Questions on the picture

Answers

Answer:

The last one is just standard form

The third one is scientific notation

The second one is standard form

The first on is scientific notation

Step-by-step explanation:

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