If
you
invest $100 in an index fund that earns an average annual rate of
return of 12.3% compounded monthly. You make a regular monthly
contributions of $25, how much will your investment be worth in 52 years?

Answers

Answer 1

Answer Interest rate = 12.3%

The compound interest formula is given by:

Where

A = Future amount

P = Present amount (Principal amount)

r = Interest rate in decimal form

n = No. of times compounded per year

t = time in years.

We can say that if:

Present amount = P

Future amount = 3P

r = 12.3/100 = 0.123

n = 1

t = ?

Substitute the values in the formula of compound interest:

Taking log on both sides.

Round off to nearest option

t ≅ 9 years


Related Questions

A line with a slope of -8/3
passes through the point (0, 10). What is its equation in
slope-intercept form?
Write your answer using integers, proper fractions, and improper fractions in simplest form

Answers

Answer:

y = - [tex]\frac{8}{3}[/tex] x + 10

Step-by-step explanation:

The equation of a line in slope- intercept form is

y = mc + c ( m is the slope and c the y- intercept )

Here m = - [tex]\frac{8}{3}[/tex] and crosses the y- axis at (0, 10 ) ⇒ c = 10

y = - [tex]\frac{8}{3}[/tex] x + 10 ← equation of line

Need help asap please !!!

Answers

The answer would be M= 1/4

A Biology test has 20 questions and is worth a total of 100 points. The test
consists of True/False questions worth 2 points each and multiple choice questions
worth 7 points each. How many of the test questions are multiple choice and how
many of the test questions are True/ False?.
# of true/false questions =
# of multiple choice questions
PLEASE HELP ME I WILL GIVE BRAINLY

Answers

Answer:

12 multiple choice and 8 True/False

Step-by-step explanation:

To do this we set up a system of equations. Let x represent the True/Fale questions and y represent the multiple-choice questions. Here is a system we can use:

x + y = 20

2x + 7y = 100

We can solve this by using elimination. To do this we multiply one equation by a number, and add them together. If we multiply the first equation by -2, the "x"s will, when added together, cancel out so we can solve for y.

-2(x + y = 20)

-2x - 2y = -40

Now add them together

5y = 60

Solve for y.

y = 12

This means there are 12 multiple choice questions. 20 - 12 is 8 True/False questions.

Hope this helps and have a great day! :D

Answer:

8 True/False and 12 Multiple Choice

Step-by-step explanation:

x+y=20  ...1

2x+7y=100   ...2

Now you can multiply 2 on 1

2x+2y=40

2x+7y=100

Subtract:

-5y=-60

Divide -5 on both sides:

y=12

Substitute y with 12

x+12=20

Subtract 12 on both sides:

x=8

So there are 8 True/False and 12 Multiple Choice

Hope this Helps!

Answer helped by: azailiaskoglund

The length of a photograph is 6 inches less than little twice the width. The photograph is mounted in a frame that is 3 inches wide on all sides. If the area of the framed picture is 270 square inches, find the dimensions of the unframed photograph.

Answers

Answer:

syuare root 270 to get 16.4 then subtract 6 to get 10.4

A shipment contains 25 defective items and 100 nondefective items. Two items are randomly chosen in succession without replacement. Find the probability that both items are defective. 25) ______ A) B) C) D) E) none of these

Answers

Answer:

non of these because you are a good friend and look at the house to you nanu you nanu to get the house ☺️ to get well and

Please help, very urgent!!!! 50 points!!

Answers

Answer:

f = 14

Step-by-step explanation:

it is because skephalo and hot and poggers science and dnf

PLS HELP PLEASSSS ILL MARK U AS BRAIN KING THINGY WTV U CALL IT

Answers

Answer:  infinitley many solutions

Step-by-step explanation:

PLEASE HELP!!!!!!!!!
Which of the following are properties of parallelograms? Select all that apply!
Consecutive angles are congruent.
One pair of parallel sides.
Consecutive angles are supplementary.
Both pairs of opposite sides are congruent.
Both pairs of opposite of angles are congruent.

Answers

Answer:

If I have to guess, I’ll say

Consecutive angles are congruent.

One pair of parallel sides.

Consecutive angles are supplementary.

Step-by-step explanation:

if I’m wrong, I’m sorry. If I’m right, mark me brainlest!

Answer:

Consecutive angles are supplementary.

Both pairs of opposite of angles are congruent.

Both pairs of opposite sides are congruent.

Step-by-step explanation:

I took the quiz and this was the correct answer.

x^2+2x+8=0, Find x?aaaaaaa

Answers

X= -1 + i square root o7 or -1 - i square root 7.

What is the value of a in this linear system?
a + b + c = 62
a - b = 12
2a + b + c = 92
O A.
14
OB.
30
OC.
18
o
c
D.
26

Answers

Answer:

Step-by-step explanation:

C

How do I multiply minted numbers? Please explain step by step to get marked as brainliest

Answers

Answer:

Step-by-step explanation:

Please help!! I have less than an hour to turn this in!

Answers

Answer:

8 × 10¹

Step-by-step explanation:

don't panic. just breathe deeply and then think logically.

0.002 ... what is that ? 2 10ths ? 2 hundredths ? 2 thousandths ? 2 tenthousandths ?

the 3rd position after the decimal point is for 1/1000.

and that means 10^-3. in the same way as 1000 is 10³.

so, it is 2 × 10^-3.

the other rounded number is then 4 × 10⁴.

now, we are multiplying both numbers

2×10^-3 × 4×10⁴

what do we do ?

we combine the same types of factors, like the basic constants : 2×4 = 8

and 10^-3 × 10⁴.

what hairball when we multiply the same base number with exponents ? we add the exponents :

10^-3 × 10⁴ = 10¹ = 10

because -3 + 4 = 1

and so, the result is

8 × 10¹

Help help math math math please

Answers

Answer:

-2) -14

0) -8

2) -2

4) 4

Step-by-step explanation:

Plug in each input for x, and solve for y

Answer: 2) -140) -82) -24) 4

Step-by-step explanation:

what is the domain and range of : {(2,4) (3'6) (4,8) (5,10) (6,12)}​

Answers

Answer:

2,3,4,5,6 is the domain

4,6,8,10,12 is the range

Step-by-step explanation:

Answer:

The domain is {2,3,4,5,6} and the range is {4,6,8,10,12}.

Step-by-step explanation:

The following stock prices reflect the closing price for the past five days. Find the 3 day SMA
(Simple Moving Average) for days 2-4.
$44.25, $44, $41.75, $40, $39.75

Answers

Answer:

solution

Step-by-step explanation: total=209.75

Which characteristics did early Japanese, Chinese, and Korean civilizations share?

They were friendly nations that shared culture and customs.
They were nations at war that shared a common religion.
They were neighboring countries that shared a common history.
They were countries with dissimilar culture and customs.

Answers

Answer:They were nations at war that shared a common religion.

Step-by-step explanation:

edge

Answer:

B. They were nations at war that shared a common religion.

Explanation: I got it right.

What are the measures of the other three angles formed by the intersection

Answers

Answer:

angle 1 130°

angle 2 50°

angle 3 130°

Step-by-step explanation:

180°-50°=130°, use one of the road as the straight line,

which is 180° so angle 1 is 130°

which means angle 2 is also 50° because 180°-130° is 50°

and angle 3 is 130° because 180°-50°=130°

Hope this helps :)

For every 2 books that Tom buys, he can buy 3 magazines. If he pays $60 fo 4 books and 4 magazines, how much does he have to pay for each book?​

Answers

Answer:

Price of book is [tex]9\$[/tex]

Step-by-step explanation:

Let the price of book be [tex]x[/tex] and price of magazine be [tex]y[/tex]

We have

[tex]2x=3y[/tex]

We also have

[tex]4x+4y=60[/tex]

[tex]2\times 2x+4y=60\\\\2\times3y+4y=60\\\\10y=60\\\\y=6\\\\2x=3\times6\\\\x=9\$[/tex]

Price of book is [tex]9\$[/tex]

Jenny bought 5 pounds of carrots for $2.50. What is the unit rate for
Jenny's purchase? Identify the true statement that corresponds to this
situation.

A. 2 pounds of carrots per $1
B. $5 per pound

Answers

Answer:

A. 2 pounds of carrots per $1

Step-by-step explanation:

[tex]\frac{5 pounds }{2.5 dollars}=\frac{2pounds }{1 dollars}[/tex]

Have a nice day!

     I hope this is what you are looking for, but if not - comment! I will edit and update my answer accordingly. (ノ^∇^)

- Heather

wren is going to add an ordered pair to the table that will cause the table to no longer be a function. Which could be the ordered pair?
X Y
-3 7
-1 5
0 3
2 6
_ _

Answers

Answer:

(0,-2)

Step-by-step explanation:

What is 1,000 x 10,090g

Answers

Answer:

10,090,000 grams

Step-by-step explanation:

Just add three zeros to 10090g.

Please hurry!! This assignment is almost due!!

Answers

Answer: x = 17

Step-by-step explanation:

Hi there!

First, since we know that these two lines are parallel, 3x+14 is going to be congruent to the supplementary side of 7x-4. Given this, we are able to solve for x as we know that the sum of supplementary angles is 180. All you have to do is set up 3x+14+7x-4=180

Now, just use simple order of operations and combining like terms to isolate x. you will end with 17! :)

Hope this helps!

What is the prime factorization of 32?
A. 32 = 2 x 4x4
B. 32 = 2x2x2x2x2
C. 32 = 2x2x2x2
D. 32 = 2 * 2 * 2 * 4

Answers

Answer:

2nd option

Step-by-step explanation:

Repeatedly divide by 2 until the value 1 is reached

32 ÷ 2 = 16

16 ÷ 2 = 8

8 ÷ 2 = 4

4 ÷ 2 = 2

2 ÷ 2 = 1 ← finish here

Then

32 = 2 × 2 × 2 × 2 × 2

The cost of 5 story books is Rs 800. How many books can be bought for Rs 1,440?​

Answers

Answer:

cost of 5 story book=800

cost of 1 story book=800/5

=160

how many. book can be bought on rs.1400

=1400/160

=8.75

Step-by-step explanation:

=

1. Bianca can walk 5/6 of a mile in 1/3 of an hour. What is her walking speed, in miles per hour?
2. How long, in minutes, does it take Bianca to walk 1 mile?

Answers

Answer:

1. 2.5 miles/hour

2. 24 minutes

Step-by-step explanation:

1. 5/6 of mile in 1/3 of an hour. In 1 hour, Bianca can walk 5/6 x 3 = 15/6 miles or 2.5 miles/hour

2. 5/6 of mile in 1/3 of an hour, hour in 1 mile = (1 x 1/3)/(5/6) = 2/5 = 0.4 hour = 24 minutes

Can someone help me answer please

Answers

Answer:

i dont know sry

Step-by-step explanation:

question in file .
give me brainlg anserf​

Answers

Explanation

Formula to be used,

1st equation of motion, v = u + at • 3rd equation of motion,v² - u² = 2 as

Solution,

Putting all the values, we get

v=u + at

⇒0 = u + (-0.5) × 20

⇒-u=-0.5 × 20

⇒u = 10 m/s

Hence, the initial velòcity of the car is 10

city of the car is 10m/s.

Now, the distance covered,

v²-u² = = 2as

⇒ (0)²-(10)² = 2 × (-0.5) × s

⇒-100 = - 1s

⇒ s = 100 m

Hence, the distance covered is 100 m.

I need help with this plz

Answers

Answer:Mmm

Step-by-step explanation:

I am doing the work I will thell you the answer

A furniture maker used 2/3 of a can of paint to paint some chairs. He used 1/6 of a can of paint for each chair. How many chairs did he paint?

Answers

Answer:

4 chairs

Step-by-step explanation:

Start with 2/3 can of paint: (2/3)

He used 1/6 of the can to paint each chair: (divided by 1/6)

Now use the 'keep, change, flip' method to get the expression: (2/3x6/1)

Then simplify your answer: (12/3)

Lastly simplify again: (4)

Thus, he painted 4 chairs.

I will mark brainly, help me with this question please.​

Answers

Step-by-step explanation:

Since [tex]x[/tex] varies directly as [tex]\sqrt{y}[/tex] we can write the relation as

[tex]x = k\sqrt{y}[/tex]

where k is the constant of proportionality.

a) To solve for the k, we substitute the given values:

[tex]5 = k\sqrt{13} = k(13)[/tex]

[tex]\Rightarrow k = \dfrac{5}{13}[/tex]

b) The equation relation x and y can be written as

[tex]x = \dfrac{5}{13}\sqrt{y}[/tex]

c) When y = 9,

[tex]x = \dfrac{5}{13}\sqrt{9} = \dfrac{5}{13}(3) = \dfrac{15}{13}[/tex]

Other Questions
A total of 11 trucks was used to carry 126 tonnes of iron. Some of the trucks carry16 tonnes each, and the rest carry 6 tonnes each. Form an equation and solve it tofind the number of 16 tonne trucks. This is due in 20 minutes. Please help!!!1. A store buys a t-shirt for $3 and sells it for $12. What percent did the store mark up the price?2. Cost to store: $50. Markup: 10%. Selling price: $?3. You are buying a new video game system. Which store should you buy the system from? (The picture)4. A jacket costs $80. It is on sale for 35% off. What is the discount? $?5. A suit costs $95. It is on sale for 20% off. How much are you saving? $?6. A $120 pair of shoes is on sale for 35% off. What is the sale price? $?7. You started making bracelets to sell to earn some money. If it costs you $2 to make each bracelet, how much should you charge for each one to make a 50% profit? 4. What are some things that can happen if the president uses a 'pocket veto What causes convection currents Of the three intelligence types identified by Robert Sternberg, a person who is very good at figuring out everyday tasks and problems might be said to have a high _________ intelligence. Analytical creative practical naturalistic. Jordan invests 16200 into his bank account.He receives 2.5% per year simple interest.How much will Jordan have after 5 years?Give your answer to the nearest penny where appropriate. Determine whether the following pairs of lines are parallel, perpendicular, or neither. y=1/3x+4 3x+y=2 What is the boiling point of water?Group of answer choices373.15 degrees Fahrenheit373.15 degrees Celsius373.15 Kelvin Many production employees began to talk among themselves about whether they wanted to transfer to a new production facility in a neighboring town. What type of communication is thi which equation is equivalent to -2 (x+3) - 4x = 10? Viruses and bacteria can infect human cells. Bacteria are living organisms, while viruses are not. How do you think the treatment for viral and bacterial illnesses differ? How do you think they affect healthy body cells? Explain your response. NO PLAGIARISM WILL BE REPORTED IF SO. How did Athens achieve peace and prosperity? aproxima a las unidades de mil y obtn los resultados estimados Solve: 3x+9x+6 = 0Thank you. Explain one way in which barbots background might have influenced his comments about the dutch and the portuguese in the second paragraph. Please and thank youuuuuu! :) explain how the loss of beauty and innocence relates to The Outsiders. Why Michael brown got shot? Meteorology is the study of radar. Meteors. Earths satellites. Earths atmosphere. which statement contains characterization?