You open a money market account with $7500 at 5% compound quarterly. After two years, $1500 is withdrawn from the account to buy a new computer. A year later, $2000 is put in the account. What will be the ending balance if the money is kept in the account for another three years?
Answers
Answer:
$10,596.81
Step-by-step explanation:
The balance on an account earning 5% interest compounded quarterly can be found using the formula ...
A = P(1 +0.05/4)^(4t)
where P is the principal invested and t is the number of years.
__
Here, we are investing $7500.00. After 2 years, the account balance will be ...
A = $7500(1 +0.05/4)^(4·2) = $8283.65
After the $1500 withdrawal, the new balance will be ...
$8583.65 -1500.00 = $6783.65
__
This is the amount earning interest for the next year, after which time the balance will be ...
A = $6783.65·(1.0125)^(4·1) = $7129.24
When $2000 is added to the account, the principal earning interest for the last 3 years is ...
$7129.24 +2000.00 = $9129.24
__
The final balance after 3 more years is then ...
A = $9129.24·(1.0125)^(4·3) = $10,596.81
_____
These calculations are conveniently carried out by a spreadsheet, as in the attached. Since the account changes are all done at the end of the year, we don't have to keep track of the quarterly balances. The formula used to calculate the ending balance each year is shown.
Related Questions
The digits 5, 7, 1, and 9 are to be used in a roll number in a school. How
many different roll numbers are possible if repetitions are not permitted?
Answers
Answer:
1, 7, 5, 9
7, 1, 9, 5
9, 5, 1, 7
But there are about 10 possible combinations.
Step-by-step explanation:
arrange in descending order
Answers
Answer:
7 / 16, 3 / 7, 1 / 5
Step-by-step explanation:
1 / 5 = 0.2
3 / 7 = 0.428
7 / 16 = 0.4375
In descending order,
0.4375, 0.428, 0.2
Hence the answer is 7 / 16, 3 / 7, 1 / 5
7/16,3/7.1/5
Step-by-step explanation:
1/5 = 0.2
3/7= 0.428
7/16 = 0.4375
In descending order,
0.4375, 0.428. 0.2
The quotient of w and 7 is less than 17.
Answers
Answer:
17 < w / 7 is my answer. I am not sure to correct.
jill has a small treasure box
Answers
=small treasure box in possession of jill
HELLPPPP REALLLLYYY NEEDDD
THISS ANSWER
Answers
Answer:
we need a picture to help
Step-by-step explanation:
Answer:
what is the question man stop messing around
NOW I NEED HELP NOW PLSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
Mya is redecorating her bedroom. The room is in the shape of right rectangular prism.
The dimensions of the room are: 12 feet in length by 14 feet in width by 8 feet in height.
She plans to cover the floor with tile. The cost of the tile is $4 per square foot.
She plans to cover the walls and the ceiling with paint. Each container of paint costs $16 and can cover 146 ft².
What is the total cost of the tile flooring and paint needed for this room?
Drag and drop the responses to correctly complete these sentences.
The total square feet of flooring needed is ____ and the flooring cost will be ____
The total square feet that will need to be painted is ____ and the paint cost will be ____
The total cost of the tile flooring and paint needed for this room is ____
Answers
Answer: took the test and the answers are at the bottom. cheers mate :)
Step-by-step explanation:
What is the outlier for the data set? PLS HELP I REALLY NEED HELP :(
Heart Rate
5 0 7
6 3 5 6 8 8
7 0 2
8
9 0
5 0 = 50 beats per minute
40
50
68
90
Answers
Answer:
6 3 5 6 8 8
Step-by-step explanation:
number is farthest apart from others
Answer:
The correct answer is 90
Step-by-step explanation:
90 is the biggest number in the number set so therefore it is an outlier.
Have an amazing day!!
Please rate and mark brainliest!!
hi there im giving brainliest to the most accurate answer.
Answers
Find the area of the triangle.
16 ft
20 ft
Please help
Answers
Please help i really dont like iready and im really confused. thank you!
Answers
Answer:
15 inches cubed
Step-by-step explanation:
length 2 1/2 in
width 1 1/2 in
height 4 in
V= = l x w x h
V = 2 1/2 x 1 1/2 x 4
60/4 = 15
please help! What is 75 % of 62-(98/4)
Answers
Answer:
28.13
Step-by-step explanation:
62 - (98/4)
62 - 24.5 = 37.5
75% of 37.5 is 28.125, or 28.13.
Answer:
22
Step-by-step explanation:
98/4 = 24.5
62-24.5 = 37.5
75% of 37.5
= about 22
Carl is arranging 86 chairs for a
dinner party. Carl places 5 chairs at
each table. Any remaining chairs will
be set aside. How many tables will
have 5 chairs?
Answers
If y varies inversely as x, and y=16 when x=4, find y when x=10
Answers
Answer:
40
Step-by-step explanation:
you have to multiply x by 4 to get y when x=4 and y=16. so if x=10, then you have to multiply what x is (10) by 4 because there is a common ratio.
hope this helps!! please give brainliest!!!!!!
Which fraction equals 29 }}16 ?
Answers
You need 3 sticks of butter for every 24 giant cookies you bake.
Answers
Answer:
Sticks of butter : 2
Number of cookies : 40
Step-by-step explanation:
Given that :You need 3 sticks of butter for every 24 giant cookies you bake.
----------------------------------------------------------------------------------------------------------
Sticks of butter Number of cookies
3 24
x 16
5 y
----------------------------------------------------------------------------------------------------------
Let the unknown be x and y..
Since you need 3 sticks of butter for every 24 giant cookies you back
Then 24/3 = 8
Since the number of cookies is 16 then 16/8 = 2
Thus x = 2
Next for y.
Since you need 3 sticks of butter for every 24 giant cookies you back
Then 5 * 8 = 40
Thus, y = 40
----------------------------------------------------------------------------------------------------------
Completed table below:
Sticks of butter Number of cookies
3 24
2 16
5 40
----------------------------------------------------------------------------------------------------------
~lenvy~
Answer:
See below ↓
Step-by-step explanation:
Given
You need 3 sticks of butter for every 24 cookiesBase rate
no. of butter sticks / no. of cookies3 / 241 stick of butter for every 8 cookies16 cookies
No. of sticks = 16/8No. of butter sticks = 25 butter sticks
No. of cookies = 8 x 5No. of cookies = 40Carly is in charge of bringing juice for the class party. Her class has 24 students and 1 teacher. She estimates that each person will drink 400 milliliters of juice. To make sure she has enough, she also wants to bring an extra liter of juice. How many liters of juice should Carly bring in all?
Answers
Answer:
10,000
Step-by-step explanation:
if it's including the teacher then it should be 10,000
f(x)=−2x+3; Domain: {−1,0,2}
Find the range of the function for the given domain.
Answers
Answer:
Range: 1,3,7
Step-by-step explanation:
(-1,1),(0,3),(2,7)
2(-1)+3
2(0)+3
2(2)+3
Reflect the given triangle over
the x-axis.
[_
3 6 31
-3 3 3.
3 [?]
13
UD
[
Answers
[3 6 3]
( 3 3. 3]
THIS ANSWER IS CORRECT
Solution:
[tex]\sf \left[\begin{array}{ccc}3&6&3\\3&-3&-3\end{array}\right][/tex]
Explanation:[tex]\sf \left[\begin{array}{ccc}3&6&3\\-3&3&3\\\end{array}\right][/tex]
The rule for a reflection over the x -axis is (x,y) → (x,−y)
===============================================================
or multiply the matrix with: [tex]\left[\begin{array}{ccc}1&0\\0&-1\end{array}\right][/tex]
[tex]\dashrightarrow \ \sf \begin{pmatrix}1\cdot \:3+0\cdot \left(-3\right)&1\cdot \:6+0\cdot \:3&1\cdot \:3+0\cdot \:3\\ 0\cdot \:3+\left(-1\right)\left(-3\right)&0\cdot \:6+\left(-1\right)\cdot \:3&0\cdot \:3+\left(-1\right)\cdot \:3\end{pmatrix}[/tex]
Final answer:[tex]\sf \left[\begin{array}{ccc}3&6&3\\3&-3&-3\end{array}\right][/tex]
Suppose that two cards are randomly selected from a standard 52-card deck.
(a) What is the probability that the first card is a spade and the second card is a spade if the sampling is done without replacement?
(b) What is the probability that the first card is a spade and the second card is a spade if the sampling is done with replacement?
Answers
Answer:
A) 4 of the 52 cards are queens on the first draw; 3 of the remaining 51 cards are queens on the second draw: (4/52)*(3/51)
B) 4 of the 52 cards are queens on each draw: (4/52)*(4/52)
Step-by-step explanation:
correct me if. wrong
The price of a used car that Billy is buying is $5,000. If he has to pay 8% in taxes, how much will be have to pay for the car including taxes?
Answers
Answer:
5400
Step-by-step explanation:
8% of 5000 is 400. 5000 + 400 - 5400.
Answer:
$5400
Step-by-step explanation:
We need to find the amount of tax in $
So, if 100% = $5000
8% = ?
cross multiply to be : 8 × 5000
100
to get $400
Add it to the $5000 to get $5400
Single post math redo question
Answers
Answer:
See attached graph
Step-by-step explanation:
We need to convert the polar coordinates into Cartesian coordinates using the rules [tex]x=r\:cos\theta[/tex] and [tex]y=r\:sin\theta[/tex] (see table in attached file).
The converted points will start to resemble a circle with a horizontal pole and a diameter of 4, so by connecting the points, we get our equation [tex]r=4\:cos\theta[/tex].
Can anyone help me on this question?
Answers
On a recent math assignment consisting of 32 problems, Wendy had 5 application problems, and the
rest involved only computation. What percent of the problems were only computation?
Answers
Answer:
84.375%
Step-by-step explanation:
Total no. of computation problem=32-5=27
Total no. problems in the assignment=32
=) per%= 27/32×100%=84.375%
PLS MARK ME AS BRAINLIEST
A trough contains a certain amount of sand. After Jamie used it to fill 2.4-kilogram bag, a 650- gram bowl, and a 3-kilogram, 125- gram pail, she realized she had a kilogram of sand left in the trough. How much sand was in the trough at first?Give your answer in grams, using a comma.
Explain how you got your answer
Answers
Answer:
7kg 275g
Step-by-step explanation:
hope this helps
Answer:
7kg 275g
Step-by-step explanation:
Add all of them together and then add what's left. Hope this helps! :)
The area of a rectangular field is 1.12×10^45 square feet. If the length of the field is 7×10^11 feet, and the width of the field can be written as 1.6×10x feet, what is the value of x?
Answers
Answer:
x = 10^34
Step-by-step explanation:
length × width = area
area/length = width
width = (1.12 × 10^45 ft²)/(7 × 10^11 ft)
width = 1.12/7 × (10^45)/(10^11) ft
width = 0.16 × 10^34 ft
width = 1.6 × 10^34 ft
width = 1.6 × x ft
x = 10^34
The value of x is [tex]10^3^2[/tex] or [tex]\rm x =10^3^2[/tex]
It is given that the area of a rectangular field is [tex]\rm 1.12\times10^4^5 \ feet^2[/tex]
It is required to find the value of x
What is the area of the rectangle?It is defined as the space occupied by the rectangle which is planner 2-dimensional geometry.
The formula for finding the area of a rectangle is given by:
Area of rectangle = length × width
We have:
Area of rectangle = [tex]\rm 1.12\times10^4^5 \ feet^2[/tex]
The length of the rectangle = [tex]7\times 10^1^1[/tex] feet
The width of the rectangle = [tex]\rm 1.6\times 10x[/tex] feet
After putting the values in the formula, we get:
[tex]\rm 1.12\times10^4^5 =7\times 10^1^1\times\rm 1.6\times 10x[/tex]
[tex]\rm x =\frac{1.12\times10^4^5}{7\times 10^1^1\times\rm 1.6\times 10} \\[/tex]
[tex]\rm x =\frac{1.12\times10^4^5}{7\times 10^1^1\times\rm 1.6\times 10} \\\\\rm x = 0.1\times 10^3^3[/tex]
[tex]\rm x =10^3^2[/tex]
Thus, the value of x is [tex]10^3^2[/tex]
Learn more about the area here:
https://brainly.com/question/14383947
If we randomly select 2 students at a time and record their drinking habits, what is the probability that both students drink
Answers
Answer:
1 liter
Step-by-step explanation:
x2by 100%8hdofux27675 868*uhf
If 3 sweaters cost $25.95, how much would 6 sweaters cost?
Answers
Answer:
If 3 sweaters cost $25.95, then 6 sweaters must cost $95.69.
Step-by-step explanation:
Im sorry if this answer isnt correct.
PLEASE HELP ME WILL GIVE BRAINLIEST
Answers
Answer:
1 3/4, 0
Step-by-step explanation:
You have to go 1 3/4 to the right and 0 up.
Which equation does not represent a quadratic function?
Y = (x + 3)^2
y = 3x^2
y = 6x^2 - 1
y = x + 5
Answers
[tex]\text{A quadratic function is in the form of } ~ f(x)=ax^2 +bx+c.\\\\\\y=x+5 ~ \text{is linear so it is not in a form of quadratic function.}[/tex]
If it’s 1 pm what time will it be in 30 hours
Answers
Answer:
7pm
Step-by-step explanation:
1pm + 24 = 1pm
30 - 24. = 6
1pm + 6 = 7pm