Kym plans to deposit $100 in an account at the end of each month for the next five years so that she can take a trip. (a) If Kym's opportunity cost rate is 6 percent compounded monthly, how much will she have in the account in five years? (b) How much will be in the account if the deposits are made at the beginning of each month?

Answers

Answer 1

Answer:

Results are below.

Step-by-step explanation:

Giving the following information:

Monthly deposit= $100

Interest rate= 0.06/12= 0.005

Number of periods= 12*5= 60 months

a)

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

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {100*[(1.005^60) - 1]} / 0.005

FV= $6,977

b) If the deposit is at the beginning of the month, the interest is compounded one more period. We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}

FV= 6,977 + {[100*(1.005^60)] - 100}

FV= 6,977 + 35

FV= $7,012


Related Questions

Peyton is a salesperson who sells computers at an electronics store. She makes a base pay amount of $60 per day regardless of sales and she earns a commission of 2.5% of the dollar amount of all sales that she makes. Write an equation for P,P, in terms of x, representing Peyton's total pay on a day on which she sells xx dollars worth of computers.

Answers

Answer:

Step-by-step explanation: if Peytons base pay= $60 plus she earns commission on $x (computers sold)

P= $60+ (0.025x)

You would multiply by 0.025 as this equals 2.5%

Remember PEMDAS- parentheses, exponents, multiplications, division, addition, subtraction

Find the value of the variable.

Answers

Answer:

[tex]90 \sqrt{2} [/tex]

Step-by-step explanation:

This is a 45°-45°-90° right triangle, so the length of the hypotenuse is √2 times the length of a leg. Since both legs have length 90, the hypotenuse has length 90√2. So y=90√2.

Help please I need help with this

Answers

Answer:

  π/6 ≈ 11/21 cubic units

Step-by-step explanation:

Use the given values in the formula for the volume of a sphere:

  V = 4/3πr³

  V = (4/3)(22/7)(1/2)³ = 4·22/(3·7·8) = 11/21 . . . . cubic units

We know,

[tex]{\qquad { \longrightarrow \pmb {\sf Volume_{(Sphere)} = \dfrac{4}{3} \pi {r}^{3} }}}[/tex]

Here,

Radius of the sphere is [tex] \sf\dfrac{1}{2} .[/tex]

We will take the value of π as [tex] \sf\dfrac{22}{7} .[/tex]

Substituting the values in the formula :

[tex] { \longrightarrow {\qquad {\sf Volume_{(Sphere)} = \dfrac{4}{3} \times \dfrac{22}{7} \times {\bigg(\dfrac{1}{2} \bigg)}^{3} }}}[/tex]

[tex] { \longrightarrow {\qquad {\sf Volume_{(Sphere)} = \dfrac{4}{3} \times \dfrac{22}{7} \times \dfrac{1}{8} }}}[/tex]

[tex]{ \longrightarrow {\qquad {\sf Volume_{(Sphere)} = \dfrac{ \cancel4}{3} \times \dfrac{22}{7} \times \dfrac{1}{ \cancel8} }}}[/tex]

[tex]{ \longrightarrow {\qquad {\sf Volume_{(Sphere)} = \dfrac{ 1}{3} \times \dfrac{22}{7} \times \dfrac{1}{ 2} }}}[/tex]

[tex]{ \longrightarrow {\qquad {\sf Volume_{(Sphere)} = \dfrac{22}{3 \times 7 \times 2} }}}[/tex]

[tex]{ \longrightarrow {\qquad {\sf Volume_{(Sphere)} = \dfrac{22}{42} }}}[/tex]

[tex]{ \longrightarrow {\qquad {\bf Volume_{(Sphere)} = \dfrac{11}{21} }}}[/tex]

Therefore,

Radius of the sphere is [tex] \bf \dfrac{11}{21} [/tex] units³.

Sled dogs have thick fur to keep them warm. But they can overheat while running if it’s too warm outside. The maximum temperature the dogs can run in is 71º higher than their minimum of -71ºF. What is the maximum temperature that they can run in?

Answers

Answer:

-71 + 71 =0 so 0°

Step-by-step explanation:

I hate the fact that it needs to be 20 letters

What is the area of a rectangle with length 4 cm and width 12 cm?
16 cm2
48 cm2
3 cm2
32 cm2​

Answers

Answer:

option 2 = 48 cm ²

12 × 4 = 48

cm × cm = cm²

answer = 48 cm²

The answer is 48 cm because area=LxW so that means that you have to multiply 4 cm and 12 cm so 4x12=48

Ray QS bisects PQR and mPQR =57°
Find mPQS

Answers

Answer:

The measure of angle ∠PQS is 28.5°

Step-by-step explanation:

If a ray bisects an angle, then it divides it into two equal angles in measures and the measure of each one is half of the measure of this angle.

In our question

∵ Ray QS bisects ∠PQR  

→ That means it divides it into two angles PQS and SQR

m∠PQS = m∠SQR = [tex]\frac{1}{2}[/tex] m∠PQR

∵ m∠PQR = 57°

→ Multiply its measure by  [tex]\frac{1}{2}[/tex] to find the measures its parts

∴ m∠PQS =  [tex]\frac{1}{2}[/tex] × 57°

∴ m∠PQS = 28.5°

The measure of angle ∠PQS = 28.5°

Mother is three times as old as her daughter. Three years ago she was four times as old as her daughter was. Find their present ages.​

Answers

Let m represent the mother’s age and d represent the daughter’s age

m = 3d…(1)

(m-3) = 4(d-3), or
m - 3 = 4d - 12
m = 4d - 12 + 3
m = 4d - 9

m = 4d-9 …(2)

Substitute (1) into (2)

3d = 4d - 9
-d = -9
d = 9

Find the mother’s age by substituting d=9 into equation 1:
m=3d
m=3(9)
m=27

Therefore, the mother is 27 years and the daughter is 9 years old now

Answer:

daughter = 9yrs

mother = 27yrs

Step-by-step explanation:

let age of daughter be x

age of mother = 3x

by qsn,

three yrs ago,

4 (x-3) = 3x-3

4x-12 = 3x-3

4x-3x = -3+12

× = 9 yrs (age of daughter )

3x = 3×9 = 27 yrs ( age of mother)

Question is in the pic​

Answers

Y=2/3+1 something like that

Express the following equation in the form of ax^2+bx+c=0.
(4a+3)^2 = (a+5)(a-2)

Answers

Answer:

15a² + 21a + 19 = 0

Step-by-step explanation:

(4a + 3)² = (a + 5)(a - 2)

16a² + 24a + 9 = a² + 3a - 10

15a² + 21a + 19 = 0

(20 POINTS!!!!) The expression 14₆÷ 14₄ is equal to _____. (The small numbers are supposed to be the exponents or something?)
Awnsers
14 ₂
1
2
14 ₁₀

Answers

Answer:

14^2

Step-by-step explanation:

i just plugged into calculator lol

Given expression:

           

                    14⁶   /   14⁴

   Using the exponent rule;

               [tex]\frac{x^{n} }{x^{m} }[/tex]   = [tex]x^{n-m}[/tex]

  So;

                 x  = 14

                 n = ⁶6

                  m = 4

So;

         [tex]\frac{14^{6} }{14^{4} }[/tex]  = 14⁶⁻⁴

                = 14²

2. Mr. Rivera revealed that 70% of the students got an A on the vocabulary quiz in ELA this.
week. If there are 100 students in Mr. Riverds class, create a model that represente bo
many students got an A.

Answers

Answer:

143 to the nearest Whole #

Step-by-step explanation:

100/0.70=142.59

What is "A" in this problem equal to? 4/5 = 24/A. Explain your answer! *

Answers

Answer:

A = 30

Step-by-step explanation:

cross multiply to get A out from the denominator

4/5 = 24 /A

4A = 24 x 5

4A = 120

4A/4 = 120/4   divide

A = 30

Katrina bought new shoes for $55.00, jeans for $29.99, and a new blouse for $27.79. Sales tax in her area is 7 percent. What was the total charge for her purchases?

Answers

Answer:

$120.67

Step-by-step explanation:

1. 55+29.99+27.79 = 112.78

2. 7% of 112.78 is 7.89

:)

I need help..
5x-3+3x+7 if x=3

Answers

Answer:

28

Step-by-step explanation:

Replace x with 3, and multiply the number next to it.

5(3)= 15

3(3)=9

so, 15-3+9+7=28

Answer:

28

Step-by-step explanation:

To solve this, replace every x with (3). If x is next to a number, that means you multiply that number and the value of x. This gives us the equation 5(3)-3+3(3)+7. When a set of parentheses are next to a number, you multiply. 5 times three is 15, and 3 times 3 is 9. This gives us 15-3+9+7. 15 - 3 is 12. 12 + 9 is 21. 21 + 7 is 28. 28 is your answer.

The volume of a cube is 7,077.888 cubic meters. What is the length of each side of the cube?

Answers

Answer:

19.2

Step-by-step explanation:

Take note:

a = edge

v = volume

Equations for a Cube

[tex]v=a^{3}[/tex]

[tex]a=v^{\frac{1}{3} }[/tex]

We are given V. Plug 7,077.888 into the second equation.

[tex]a=7077.888^{\frac{1}{3} }[/tex]

[tex]a=19.2[/tex]

Mr. Chen started a new exercise program and is walking four days a week last week he walked the same distance each day for a total of 21 miles if W represents the number of miles he walked each day which equation can be used to find the value of W

Answers

21 divide by 4=5.25
W=5.25 miles a day

Answer:

it's 21/4

Step-by-step explanation:

on time 4 learning

p.s. stream sour by Olivia Rodrigo

The time it takes to complete a certain job is directly proportional to the number of units produced. If it takes 22 minutes to proficiently 18 units, how many units are produced in 33 minutes?

Answers

Answer:

27 units

Step-by-step explanation:

let t represent time and n represent number of units

given t is directly proportional to n then the equation relating them is

t = kn ← k is the constant of proportion

to find k use the condition t = 22, n = 18 , then

22 = 18k ( divide both sides by 18 )

[tex]\frac{22}{18}[/tex] = [tex]\frac{11}{9}[/tex] = k

t = [tex]\frac{11}{9}[/tex] n ← equation of variation

when t = 33 , then

33 = [tex]\frac{11}{9}[/tex] n ( multiply both sides by 9 )

297 = 11n ( divide both sides by 11 )

27 = n

27 units are produced in 33 minutes

(#10) How do I check if this is right for Hugo?

Answers

you're correct that, since Hugo is charging Johnny $2000, so the amount invested will be 98000.

[tex]~~~~~~ \stackrel{\textit{\Large Hugo}}{\textit{Compound Interest Earned Amount}} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$98000\\ r=rate\to 6\%\to \frac{6}{100}\dotfill &0.06\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{quarterly, thus four} \end{array}\dotfill &4\\ t=years\dotfill &15 \end{cases}[/tex]

[tex]A=98000\left(1+\frac{0.06}{4}\right)^{4\cdot 15}\implies A=98000(1.015)^{60}\implies A\approx 239435.54 \\\\[-0.35em] ~\dotfill\\\\ ~~~~~~ \stackrel{\textit{\Large Hector}}{\textit{Compound Interest Earned Amount}}[/tex]

[tex]A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$100000\\ r=rate\to 5.5\%\to \frac{5.5}{100}\dotfill &0.055\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{monthly, thus twelve} \end{array}\dotfill &12\\ t=years\dotfill &15 \end{cases} \\\\\\ A=100000\left(1+\frac{0.055}{12}\right)^{12\cdot 15}\implies A=100000\left( \frac{2411}{2400} \right)^{180}\implies A\approx 227758.38[/tex]

well, seems that even though Hugo is charging some Johnny, the returned amount is more than with Hector, so Johnny should give Hugo a call.

can someone please simply this and show the work ?

Answers

Answer:

it's one of this two. if it's exactly how you have written it , it's the first picture.

Answer:

12[tex]\sqrt{5}[/tex]x^5

Step-by-step explanation:

Apply exponent rule

Add the numbers

Multiply the numbers

Factor integer

:)Hope you enjoy this:)

Common multiple of 12 and 20

Answers

Answer:

4

Step-by-step explanation:

Answer: 60

Step-by-step explanation:

write down the 12 times table

12 , 24, 36, 48, 60, 72, 84, 96, 108, 120

20, 40, 60, 80, 100, 120, 140, 160, 180, 200

Now you can see that 60 is the multiple that comes up first in both of the times tables which means it is the lowest common factor.

What is the approximate value of x in the equation below. log subscript three-fourths baseline 25 = 3 x minus 1

Answers

Answer:

12123

Step-by-step explanation:

Answer:

A.) -3.396

Step-by-step explanation:

On edg ;)

how do you solve
10^-3

Answers

Answer:

0.001

Step-by-step explanation:

Answer:

[tex]\frac{1}{1000}[/tex]

Step-by-step explanation:

[tex]10^{-3}[/tex]

[tex]= \frac{1}{10^{3}}[/tex]

[tex]= \frac{1}{1000}[/tex]

need the answer asap

Answers

Answer:

22

Step-by-step explanation:

4n^2+16n+15 factor completely

Answers

Answer:

(2n+3)(2n+5)

Step-by-step explanation:

HELP ASAP Find the equation of a line that goes through the points (8, -9) and (-4, 15).

Answers

Answer:

Your answer is: y= -2x+7

Step-by-step explanation:

Hope this helped : )

The equation of a line that goes through the points (8, -9) and (-4, 15) is y = -2x + 7

The formula for calculating the equation of a line is expressed as y = mx+ b

m is the slope of the line

b is the y-intercept

Given the coordinate points (8, -9) and (-4, 15)

Get the slope of the line;

[tex]m =\frac{15-(-9)}{-4-8}\\m=\frac{24}{-12} \\m = -2[/tex]

Get the y-intercept of the line

Recall that y = mx + b

15 = -2(-4) + b

b = 15 - 8

b = 7

Get the required equation in the form y = mx + b

y = -2x + 7

Hence the equation of a line that goes through the points (8, -9) and (-4, 15) is y = -2x + 7

Learn more here: https://brainly.com/question/17003809

7 — 8п what is the answer

Answers

Answer:

-8n+7

Step-by-step explanation:

Answer:

-8n+7

Step-by-step explanation:

16c-8d equivalent expression

Answers

Answer:

8(2c - d)

Step-by-step explanation:

16c - 8d ← factor out 8 from each term

= 8(2c - d)

Anthony's father is going to put a tile border around this square fish pond. The pond is 1

yard on each side. The tiles are squares that are 1 foot on each side. How many tiles will

Mr. Chen need?

Answers

Answer:

12 tiles

Step-by-step explanation:

1 yard = 3 feet, so 3*4 = 12, because it makes four yards in total with each side being a yard.

Find the equation of the parabola with a focus at the point (2,5), and a directrix of y=3.
A). y=x^2/2-x+3
B).y=x^2/4-x+3
C).y=x^2/2-x+5
D).y=x^2/4-x+5

Answers

the answer is b! hope it’s correct

Ayden collects football, baseball, and Pokémon cards. He has four times as many baseball cards as football cards. His Pokémon cards contain 7 more cards than his baseball collection. If he has 106 cards all together, how many of each type does he have?

Answers

Answer: Ayden has 11 football cards,44 baseball cards and 51 Pokemon cards which totals  106 cards all together

Step-by-step explanation:

STEP 1 :

Let x represent number of football cards

He has four times as many baseball cards as football cards, let baseball cards be = 4x

Pokémon cards contain 7 more cards than his baseball collection,let Poke mon cards = 4x +7

Step 2 :

Putting in equation we have that

Football cards + Baseball cards + Pokemon cards = 106 cards

Therefore,

x + 4x + 4x+7 = 106

9x + 7 = 106

9x = 106-7

9x = 99

x =99/9 = 11

therefore football cards , x = 11 football cards

 baseball cards = 4x = 4 x 11 = 44 baseball cards

Pokemon cards = 4x+7= 4x11 +7 = 44 +7 =51 Pokemon cards

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