Mike invested $93,000 at 8.19% compounded weekly.
What will Mike's account balance be in 11 years?

Answers

Answer 1

Answer:

$4920446.6202

Step-by-step explanation:

the formula for compound interest is: P(1+ r/n)^n*t

p= principle (the amount of money you invest/ start with)

r= the interest rate (which is the percentage in decimal)

n= the number of times its compounded per year (52 weeks per year)

t= the amount of time (usually in years)

now, you plug the numbers youre given into the formula:

93000(1+0.0819/52)^52*11

= $4920446.62402

hope this helps :)

Answer 2

Mile's account balance after 11 years will be $228,786.8

What is the formula for compound interest?

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

where A = Accrued amount (principal + interest)

P = Principal amount

r = interest rate as a decimal

R = interest rate as a percent

r = R/100

n = number of compounding periods

t = time in years"

For given question,

P = $93000,

t = 11 years

n = 52 (weekly compounding)

R = 8.19%

So, the interest rate in decimal would be,

[tex]\Rightarrow r =\frac{8.19}{100}\\\\\Rightarrow r =0.0819[/tex]

Using the formula of compound interest,

[tex]\Rightarrow A=P(1+\frac{r}{n} )^{nt}\\\\\Rightarrow A=93000(1+\frac{0.0819}{52} )^{52\times 11}\\\\\Rightarrow A=93000(1+\frac{0.0819}{52} )^572\\\\\Rightarrow A=228,786.8[/tex]

Therefore, Mile's account balance after 11 years will be $228,786.8

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Related Questions

Which of the following statements considered as always true?

A. All intersecting lines are perpendicular.
B. All parallel lines cut by a transversal line.
C. All perpendicular lines are intersecting line.
D. All transversal line is for parallel lines only

Answers

I don’t know duduejejeneisizkwkwneusisjwj

Rewrite the expression as a simplified expression containing one term.

Answers

Answer:

-(cos α)/(sin α)

= -cot α

Step-by-step explanation:

use trigonometric identities

How much fudge will each person get if 7 people share one half of a pound of fudge equally? Ow much fudge will each person get if 7 people share one half of a pound of fudge equally? Use the number line to help you. (2 points) A number line showing zero to one divided into two equal parts. Each part is divided into seven equal parts. Select one: a. One ninth pound of fudge b. One fourteenth pound of fudge c. One fifth pound of fudge

Answers

Answer:

B

Step-by-step explanation:

one half lb divided by 7 people will equal one fourteenth

It’s answer B I’ve did the math and the guy above me is rig he

Solve: [tex]x=4+\left(4x-4\right)\frac{1}{2}[/tex]
x = 2

x = 10
x = 2 or x = 10

no real solution

Answers

Answer: x = -2

Step-by-step explanation:

[tex]x=4+(4x-4)\frac{1}{2} \\x=4+\frac{4x}{2}-\frac{4}{2}\\x=4+2x-2\\x=2+2x\\x-2x=2\\-x=2\\x=-2[/tex]

Answer: -2


Explanation:

Area of this figure

Answers

You can separate the diagram into 3 parts
1) 2*14 = 28
2) 9*6 = 54
3) 3*5 = 15
Final area= 27+54+15 so It’s 97 ft^2

I have no idea how to do this, it is due in two days. Hopefully someone sees this before then.

Answers

Hello,

[tex]m\ \widehat{ABC}=x\\m\ \widehat{BAC}=2*x\\\\So:\\ x+2x=90^o\\x=30^o\\[/tex]

[tex]cos(30^o)=\dfrac{\sqrt{3} }{2} \\[/tex]

In the triangle ABC,

[tex]cos(30^o)=\frac{BC}{BA} \\\\BA=\dfrac{cos(30^o)}{BC} \\\\BA=\frac{\dfrac{\sqrt{3} }{2} }{24} =16*\sqrt{3} \\\\[/tex]

[tex]sin(30^o)=\dfrac{1 }{2} =\dfrac{AC}{AB} \\\\AC=\dfrac{1}{2} *16\sqrt{3} =8\sqrt{3}[/tex]

In the triangle ACB,

[tex]cos(30^o)=\dfrac{AC}{AL} \\\\AL=\dfrac{8\sqrt{3} *2}{\sqrt{3} } =16\\[/tex]

Z Is An Even Integar Greater Than 30 And Less Than Or Equal To 34.

Answers

Answer:

32, 34

Step-by-step explanation:

The answer must be grater than 30 so 30 is not an option the integers in the range are 31, 32, 33, and 34 the only even integers in this set are 32, and 34. Hope this helps. :)

. You have a job as a salesman. You make $15.00 an hour (h) plus a
commission of 5.5% on all of your sales (s). Create an equation that
will show your pay (p) based upon your hours (h) worked and sales
(s).

Answers

Answer:

wait what

Step-by-step explanation:

Ardi and Lei are both travelling by train.
Ardi's train travels 70 km in 35 minutes.
Lei's train travels 585 km.
It leaves at 9:05 and arrives at 13:35.
Work out the difference, in km/h, between the average speed of their trains.

Answers

Answer:

10 kilometer/hour

Step-by-step explanation:

Average speed = Total distance travelled / Total time taken

Ardi:

Total distance travelled = 70 km

Total time taken = 35 minutes = 35/60 hour

Average speed = Total distance travelled / Total time taken

= 70 km ÷ 35/60 hr

= 70 × 60/35

= 4,200/35

= 120 kilometer/hour

Lei:

Total distance travelled = 585 km Total time taken = 9:05 - 13:35 = 4 hours 30 minutes

= 4.5 hours

Average speed = Total distance travelled / Total time taken

= 585 km / 4.5 hours

= 130 kilometer/hour

Difference, in km/h, between the average speed of their trains = Lei's train - Ardi's train

= 130 kilometer/hour - 120 kilometer/hour

= 10 kilometer/hour

The graph of f(x) = −x2 − 2x + 8 is shown. Which of the following describes all solutions for f(x)?

a parabola passing through negative 4 comma zero, negative 1 comma 9, zero comma 8, and 2 comma zero

A. (x, −x2 − 2x + 8) for all real numbers
B. (−4, 0), (−1, 9), (0, 8), (2, 0)
C. (−4, 0), (2, 0)
D. (x, y) for all real numbers

Answers

Answer: C. (−4, 0), (2, 0)

Step-by-step explanation:

By solution, I believe it means the roots of the equation(aka zeros), meaning the points where the graph intersects the x-axis(aka x-intercepts). It intersects at two points: (−4, 0) and (2, 0)

Answer:

A) (x, −x2 − 2x + 8) for all real numbers

Step-by-step explanation:

I got it right on my 8.06 exam! ✨ Keep believing, superstar!

and go see Sing 2 for me..its an awesome movie and it'll make u smile!

[tex]\text{Solve for 'x'.}\\\\x^2-25=0\\\\\text{Thank you.}[/tex]

Answers

Hi there!  

»»————- ★ ————-««

I believe your answer is:  

[tex]x = \pm 5[/tex]

»»————- ★ ————-««  

Here’s why:  

⸻⸻⸻⸻

[tex]\boxed{\text{Solving for 'x'...}}\\\\x^2-25 = 0\\-------------\\\rightarrow x^2 -25 + 25 = 0 + 25\\\\\rightarrow x^2 = 25\\\\\rightarrow \sqrt{x^2}=\sqrt{25}\\\\\rightarrow \boxed{x = \pm 5}[/tex]

⸻⸻⸻⸻

»»————- ★ ————-««  

Hope this helps you. I apologize if it’s incorrect.  

Answer:

[tex]x = 5 \: \: \: or \: \: \: x = - 5[/tex]

Step-by-step explanation:

[tex] {x}^{2} - 25 = 0 \\ {x}^{2} - {5}^{2} \\ ( x - 5)(x + 5) = 0 \\ \\ x - 5 = 0 \\ x = 5 \\ or \\ x + 5 = 0 \\ x = - 5[/tex]

which relation is a function?

Answers

the first one because there is only one y value for every x value. you can also use the vertical line test in which you draw vertical lines and make sure the function only passes through it once at each point

The first one because there is only one y value for every x value. The correct option is first.

To determine if a relation is a function, use the vertical line test: If any vertical line intersects the graph of the relation at more than one point, then the relation is not a function. On the other hand, if every vertical line intersects the graph of the relation at most once, then the relation is a function.

In first relation is considered a function, because each input x-value is associated with exactly one output y-value. In other words, for every x-value in the domain of the relation, there can be only one corresponding y-value in the range. Each x-value should not have more than one y-value associated with it.

Therefore, each x-value should not have more than one y-value associated with it. The correct option is first.

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Ben uses a compass and a straightedige to bisect angle PQR, as shown below.
B
Wie statement beste wy Ben uses the cate with to draw Som there?

Answers

Answer:

The answer is <AQS = BQS when AS=BQ and AQ=BQ

Step-by-step explanation:

Figure A is a scale image of Figure B. What is the value of x?

khan academy

Answers

Answer:

maybe 12 because

Step-by-step explanation:

30/25=1.2

10×1.2=12

what is the answer to the problem

Answers

Answer:

Step-by-step explanation:

29 is 6 more than k

Write it as an mathematical equation!

29 = 6 + k

Then solve for k

K = 29 - 6
K = 23

Let the universal set U = {weekdays}. If T = {Tuesday, Thursday}, what is T'?

Answers

Answer:Monday, Wednesday and Friday.

Step-by-step explanation:

It’s the other weekdays.

What is essential to remember when simplifying a cube root compared to a square
root?

Answers

Answer:

The cube root of a number x is the length of the side of a cube whose volume is x cubic units.

The square root of a number x is the length of the side of a square whose area is x square units.

Hence the words ‘cube’ and ‘square’.

Mathematicians have then generalized these two concepts for when x is not necessarily a volume of a cube or an area of a square

what is the solution to -6 - -25=

Answers

Answer:

19

Step-by-step explanation:

(-6)-(-25)=(-6) +25 = 19

19


-6 - -25= 19
(6-25=19)

What is the number of outcomes in the sample space tossing a coin and spinning a spinner with 8 equal sections?

Answers

Answer:

16

Step-by-step explanation:

Marta’s math textbook weighs Four-fifths of a pound less than 4 times the weight of the book she is reading for her language arts class. If the weight of the math textbook is 2 and one-fifth pounds, which shows the correct equation and value of x, the weight of Marta’s book for language arts?

Answers

4 x minus four-fifths = 2 and one-fifth; x = three-fourths of a pound

HELP!!!! THANK YOU ...........

Answers

Answer:

Using trigonometric ratio

sin(0)=opposite/hypotenise

sin(A)=BC/BA

sin(A)= 6/7

A=arcsin(6/7)

A=58.997°

A=59.00°

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

Hope it helps...

Have a great day!!!

The answer 59° rounded using the sine ratio opposite/hypotenuse

please answer i will give u brainless PLZZZZZZ

Answers

Answer:

96 green pens

Step-by-step explanation:

Super simple. You do: 14x+15x+24x=212 which is 53x = 212 and x=4

Green = 4*24=96

(17)^ 3 *(289)^ -6 =(17)^ 2m - 1​

Answers

Answer:

m = -4

Step-by-step explanation:

The given expression is :

[tex](17)^{3}\cdot(289)^{-6}=(17)^{2m-1}[/tex]

We need to find the value of m

We know that, 17² = 289

So,

[tex](17)^{3}\cdot(17^2)^{-6}=(17)^{2m-1}\\\\(17)^{3}\cdot(17)^{-12}=(17)^{2m-1}[/tex]

Also,[tex]x^ax^b=x^{a+b}[/tex]

So,

[tex]17^{3-12}=17^{2m-1}\\\\17^{-9}=17^{2m-1}\\\\\implies -9=2m-1\\\\-9+1=2m\\\\-8=2m\\\\m=-4[/tex]

So, the value of m is equal to -4.

help I need help with my homework no link please BTW its 9th grade work I need help with number 1 a) I still need help with it​

Answers

Answer:

you need to learn how to "prime factor" numbers....

primes are 2,3,5,7,11,13,17....

they go on forever. ALL whole numbers can be "broken down" into a bunch of primes multiplied together.

take the fractions (top and bottom) and start dividing them bu the smallest prime, and going up until all the numbers multiplied make the original number...

15 = 3 * 5

24= 2 * 12 = 2 * 2 * 6 = 2* 2* * 2 * 6

thus   [tex]\frac{15}{24}[/tex] = [tex]\frac{3 * 5 }{2* 2* 2* 3}[/tex]  now just cancel all the SAME numbers from to to bottom

"pair them up" .... in this case only one of the threes in the bottom "takes out" one of the threes in the top

result [tex]\frac{5}{2*2*2 } = \frac{5}{8}[/tex]

~~~~~~~~~~~~~~~~~~~~

[tex]\frac{21}{35}[/tex]

21= 3 * 7

35= 5* 7

[tex]\frac{3*7}{5*7} = \frac{3}{5}[/tex]

Step-by-step explanation:

Team members Corinne, Kevin, and Tomas decide to share the cost
of 2 motor controllers and 4 wheels equally. How much does each
member need to contribute?
Please help(write step by step and upload pic or do it here please I appreciate it so much !

Answers

Answer:

each member needs to put in 91.70 dollars in.

Step-by-step explanation:

you add the costs of all the tools needed. in this case the two controllers and wheels which adds up to 275.1.

then you divide by the amount of people which is three. so 275.1/3 and you get 91.7

question 3 help pls in algebra

Answers

Answer:

50

Step-by-step explanation:

simplify the radical by breaking the redicand up into a product of known factors, assuming positive real numbers.

An opposition paragraph in an Argumentative Essay identifies and defends against ideas or arguments that might go against your argument (as a defense). True or false​

Answers

Answer:  

a        

Step-by-step explanation:

Answer:

True

Step-by-step explanation:

Because the ops are always trying to oppose things, so you show them why they're wrong.

help me with this problem please!!!!

Answers

Step-by-step explanation:

sorry I wanted to help you but my calculator is take out decimals sorry I don't know what to do

What is the value of d?
A.100 B.84 C.50 D.80

Answers

Answer:

A. 100

Step-by-step explanation:

84

Step-by-step explanation:

c + 100 =180

c=180-100

c=80

100+96+d+c=360

100+96+d+80=360

276+d=360

d=360-276

d=84

The shorter leg of a right triangle is 18 meters. The hypotenuse is 6 meters longer than the longer leg. Find the length of the longer leg.

Answers

Answer:

24 meters

Step-by-step explanation:

Use the pythagorean theorem

18² + x² = (x + 6)²

Expand

324 + x² = x² + 12x + 36

Subtract x² from both sides

324 = 12x + 36

Subtract 36 from both sides

288 = 12x

Divide both sides by 12

24 = x

24 meters

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