Jennifer invests $2,024 in a savings account with a fixed annual interest rate of %4 compounded 6 times per year. What will the account balance be after 8 years?

Answers

Answer 1

Answer:

FV= $2,788.78

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $2,024

Interest rate (i)= 0.04/6= 0.0067

Number of periods (n)= 8*6= 48

To calculate the future value (FV), we need to use the following formula:

FV= PV*(1 + i)^n

FV= 2,024*(1.0067^48)

FV= $2,788.78


Related Questions

Please help time is running out!​

Answers

Answer:

7,1 and 7,2

Hope it helped!!!

a sum of money was equally distributed among some boys
had there been 10 boys more​

Answers

Answer:

I think I know what question you are trying to write because it sounds like the question I did years ago.

It is Rs 200

Step-by-step explanation:

Your welcome! :)

Rs 200 ? it just reminds me of my old homework

Does this graph represent a function? Why or why not?

A. No, because it is not a straight line.
B. Yes, because it is a curved line.
C. Yes, because it passes the vertical line test.
D. No, because it fails the vertical line test.

Answers

Answer:

c

Step-by-step explanation:

What is 5/2x + 2y = 5

Answers

Answer:

y= -x+1/2

Step-by-step explanation:

ANSWER FAST PLZZZZZ Give examples of a simple interest amortized loan with fixed monthly payments.

this is amortization or something

Answers

The fixed monthly payment for this loan is $186.07.

Each month, the borrower will make a payment of $186.07, which will include both interest and principal.

The interest portion of the payment will decrease over time, while the principal portion will increase until the loan is fully paid off at the end of the 5-year term.

What is simple interest?

It is the interest calculated on the principal at a given rate for a time period.

We have,

Here is an example of a simple interest-amortized loan with fixed monthly payments:

Loan amount: $10,000

Interest rate: 5% per year (0.42% per month)

Loan term: 5 years (60 months)

To calculate the fixed monthly payment, we can use the formula:

P = (Pv x r) / (1 - (1 + r)^(-n))

where:

P = monthly payment

Pv = present value of the loan (the amount borrowed)

r = monthly interest rate

n = total number of payments

Substituting the given values,

P = (10,000 x 0.0042) / (1 - (1 + 0.0042)^(-60))

P = $186.07 (rounded to the nearest cent)

Therefore,

The fixed monthly payment for this loan is $186.07.

Each month, the borrower will make a payment of $186.07, which will include both interest and principal.

The interest portion of the payment will decrease over time, while the principal portion will increase until the loan is fully paid off at the end of the 5-year term.

Learn more about simple interests here:

https://brainly.com/question/25845758

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a tool set is on sale for $280. the original price of the tool set was $400. what percent of the original price is the sale price ​

Answers

70%

Hope this helps! :)

______________

Answer:

30%

Step-by-step explanation:

400 = 100%

4 = 1%

400 - 280 = 120

120 ÷ 4 = 30

whats the ratio of 32:40

Answers

Answer:

4:5

Step-by-step explanation:

32:40

=>32/40

=>diving numerator and denominator by 8

=>4/5

=>4:5

Answer: 4:5

Step-by-step explanation:

32 and 40 share a common factor of 8. We can divide both of them by 8 so that the ratio stays the same value and it'll be in it's simplest form.

[tex]\frac{32}{8} =4\\\frac{40}{8} =5[/tex]

4:5 is the final answer.

PLEASE HELP!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

32m^2

Step-by-step explanation:

32m^2

8*4 = 32

Have a nice day!  :-)

Hey im confused on how to solve this. Can Anyone help me?

Answers

Answer:

The minimum unit cost is $9374.

Step-by-step explanation:

The unit cost C for making x engines is given by the quadratic function:

[tex]C(x)=0.3x^2-162x+31244[/tex]

We want to determine the minimum unit cost.

Since this is a quadratic function with a positive leading coefficient, the minimum value will be its vertex. The vertex of a quadratic can be found using the following formulas:

[tex]\displaystyle \text{Vertex}=\left(-\frac{b}{2a}, f\left(-\frac{b}{2a}\right)\right)[/tex]

In this case, a = 0.3, b = -162, and c = 31244.

Find the x-coordinate of the vertex:

[tex]\displaystyle x=-\frac{(-162)}{2(0.3)}=\frac{162}{0.6}=270[/tex]

In other words, in order to achieve the minimum cost, only 270 engines must be made.

Then to find the minimum cost, substitute the value back into the function. So:

[tex]C(270)=0.3(270)^2-162(270)+31244=\$ 9374[/tex]

The minimum unit cost is $9374.

Which choice is equivalent to the expression below?
-25
A. -5
B. 51
C. 251
D. 5 + 1
E. -25

Answers

Answer:

the choice is equivalent to -25

The choice is equivalent to-25

What value of x is in the solution set of 3(x-4)>5x+2

Answers

value of x is equally to -7 or -10

Please help me it’s due in 10 mins!!

Answers

Answer:

4

Step-by-step explanation:

5 * 1/5 + 1/5 * 15 = 4

Answer:

4

Step-by-step explanation:

5c+ cd

Let c = 1/5 and d = 15

5 * 1/5 + 1/5 * 15

Multiply first

1 + 3

Then add

4

PLS HELP PLS The pair of triangles below have two corresponding parts marked as congruent. What additional information is needed for a ASA congruence correspondence?


A. ∠N≅∠M
B. ∠A≅∠M
C. ∠A≅∠O
D. AN¯¯¯≅OM¯¯

Answers

Answer:

A

sinse its side angle side so the angle beside the side is second

hope it helps

Step-by-step explanation:

The additional information which needed for a ASA congruence correspondence is angle N is congruent to angle M

What is ASA congruency rule?

If any two angles and side included between the angles of one triangle are equivalent to the corresponding two angles and side included between the angles of the second triangle.

According to the given question.

We have two triangle NDA and MTO in which

m ∠NDA = m ∠MTO

and  NA = MT

Now, according to ASA congruency rule

NA = MT

if m ∠DNA = m ∠TMO

Therefore, the additional information which needed for a ASA congruence correspondence is angle N is congruent to angle M.

Thus, option A is correct.

Find out more information about ASA congruency rule here:

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The picture is above I’ll mark as brainliest.

Answers

Answer:

A. 42 [tex]u^{2}[/tex]

Step-by-step explanation:

The area of the figure is length × width. The length of the figure is 7 units, and the width is 6 units.

Finding the area:

length × width

= 7 × 6

= 42 [tex]u^{2}[/tex]

In the figure, angle G measures 102° and angle D measures 30°. What is the measurement of angle B?
A. 24°
B. 42°
C. 60°
D. 102°

Answers

Angle B is 42 angle A is 60 and the other angle that is not labeled in the triangle is 78

Answer:

I hope this helps

Step-by-step explanation:

Ryan deposited $6,700 into an account at the Town Bank, earning 3.4% interest compounded annually. He made no deposits or withdrawals. Write and solve the equation to find the amount of money in his account after 4 years. Round to the nearest cent.

Answers

Answer: The amount of money in his account after 4 years = $7,658.73

Step-by-step explanation:

If interest is compounded annually, then formula to compute amount :

[tex]A=P(1+r)^n[/tex], where P+ principal value, r= rate of interest, n= time ( in years).

As per given,

P= $6700 ,  r = 3.4% =0.034, n =4

[tex]A=6700(1+0.034)^4\\\\=6700(1.034)^4\\\\=6700(1.14309455234)\approx7658.73[/tex]

Hence, the amount of money in his account after 4 years = $7,658.73

help plz will mark as brainliest ​

Answers

Answer:

5

Step-by-step explanation:

since x + 3 is a factor of the polynomial that means -3 is a value of x

substitute x = -3

next see attachment

one fourth of a number is equal to 15/16. write the expression to represnt the above sentence.
note: use x to represent a number.​

Answers

Answer:

1/4x = 15/16

Step-by-step explanation:

1/4x = 15/16

IF A QUADRATIC FUNCTION OPENS UPWARD, DOES IT HAVE A MAXIMUM OR MINIMUM?

Answers

Answer: It will have a minimum.

Help what’s the answer ?

Answers

Answer:

c

Step-by-step explanation:

-31,-22,-33 find the 35th term

Answers

Answer:

easy bro go and use m-a-t-h w-a-y

Step-by-step explanation:

it's going to help

ANSWER QUICKLY PLEASE AND THANK YOU!!!

Answers

Answer:

2,3

Step-by-step explanation:

All u have to do is go to the x and y axis

Solve the system of equations below.
X-2y=3
2x - 3y=9

Answers

Answer:

(9,3)

Step-by-step explanation:

Hope this helps

One number is 8 times as large as another. Their difference is 21. What is the larger number?

Answers

Answer:  24

Explanation:

x = smaller number

8x = larger number, since it's 8 times larger than the smaller

8x-x = 7x = difference of the numbers

That difference is 21, so we can say 7x = 21 which solves to x = 3

The smaller number is 3 and the larger is 8x = 8*3 = 24

As a check: 24-3 = 21, which confirms the answer.

Just worked it out the answer is 24

CAN SOMEONE HELP ME WITH THIS PLEASE AND THANK YOU.

Answers

Answer:

13/20

Step-by-step explanation:

To add fractions without the common denominator, you have to make them equal so

1/4 x 5 = 5/20

2/5 x 4 = 8/20

5/20 + 8/20 = 13/20

Answer:

13/20 miles.

Step-by-step explanation:

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

= [tex]\frac{5}{20} +\frac{8}{20}[/tex] (find the common denominator and convert the fractions)

= [tex]\frac{13}{20}[/tex]

13/20 is the most simplified it will go, so you will have walked 13/20 miles.

Hope this helps!

Use the table to answer the question.

The school cafeteria surveys random students about their favorite food and records the data in the table. If there are 530 students in the school, approximately how many would be expected to choose chicken nuggets?

a. 16 students
b. 40 students
c. 80 students
d. 106 students

Answers

Answer:

in the survey, 16 out of 80 students who where asked favored chicken nuggets.

so we need to calculate like this:

530 * 16/80

=530 * 1/5

=530/5

=106

hope this helps your understanding, wish you good grades

Becky says that when she simplifies the following expression, the value is 6 less than her age. What is Becky's age? (7+11) - 8÷2 *
20
14
26
11

Answers

Answer:

Becky's age is equal to 20.

Step-by-step explanation:

The given expression is :

(7+11)-(8÷2)

Using Bodmas rule to solve it furthur,

(18)-4 = 14

According to the given condition, let the age is A.

The value is 6 less than her age,

14 = A-6

or

14+6 = A

A = 20

Hence, Becky's age is equal to 20.

Help pleaseeeeeeeeeeeeeeeeeeeeee

Answers

Answer:

-8 X 3 = -24 + 9 = -15 or you could do    -24+9=-15

Step-by-step explanation:

x = 72
Hope this helps

Data is collected on the number of ice cream cones sold in a shop on a certain day and the number of people wearing sunglasses visiting the shop that same day. What type of relationship is most likely to exist between these two variables?

1. positive correlation and causal relationship
2. negative correlation and causal relationship
3. positive correlation but not causal relationship
4. negative correlation but not causal relationship

Answers

Answer:

3. positive correlation but not causal relationship

Step-by-step explanation:

A positive correlation is when one factor increases, the other factor increases as well.

A negative correlation is when one factor increases, the other factor decreases.

A causal relationship is when one factor causes the other factor change in a certain way (i.e. increase or decrease).

More people buy ice cream as the day becomes hotter and sunnier. This also applies to people choosing to wear sunglasses. Therefore, there is a positive correlation between the two (because both increase). However, this is not a causal relationship because the cause of both is the hotter and sunnier day.

I hope this helps! If you have any question, feel free to as. :)

The Chang family is on their way home from a cross-country road trip. During the trip, the function D (t) = 3260 - 55t can be used to model
their distance, in miles, from home after t hours of driving.
part a:find D(12) and interpret the meaning in the context of the problem. part b: if D(t) =2490, find the value of t and interpret its meaning in the context of the problem

Answers

Answer:

See below.

Step-by-step explanation:

D(t) = 3260 - 55t

The function that shows their distance from home as a function of time shows that they started 3260 miles from home and are driving at 55 miles per hour.

part a:

D(12) = 3260  55(12)

D(12) = 3260 - 660

D(12) = 2600

Interpretation: After 12 hours of driving home, they are 2600 miles from home.

part b:

D(t) = 2490

3260 - 55t = 2490

-55t = -770

t = 14

Interpretation: When they are 2490 miles from home, they have driven for 14 hours.

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