Oliver invested $53,000 in an account paying an interest rate of 2.7% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 20 years?

Answers

Answer 1

Answer: 90946.55

Step-by-step explanation:

Answer 2

The required amount after 20 years would be $90946.55.

Given that,
Oliver invested $53,000 in an account paying an interest rate of 2.7% compounded daily.

What is the investment?

Investment is defined as when an individual spends money on something that returns him or her higher money than the money they or invest.

Here,
According to the question,
The amount after 20 years is given as,


[tex]y = 53000[1 + 0.27/365]^{365*20}\\y = 90946.54732\\y \approx 90946.55[/tex]

Thus, the required amount after 20 years would be $90946.55.

Learn more about investments here:

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Related Questions

Jason is baking a cake. The recipe calls for 2 cups of sugar for every 5 cups of flour. If he is making a small cake and is only using 1 cup sugar, how many cups of flour should he use? *

Answers

Answer:

2 1/2 cups

Step-by-step explanation:

First, our ratio is sugar:flour or 2:5, so our question is 1:? We find ? by finding how we got to 1 on the other side.

2 ÷ 2 = 1

And what we do to one side, we always have to do to the other to make it proportional, so

5 ÷ 2 = 2.5 or 2 1/2

So, if Jason is using 1 cup of sugar, he should use 2 1/2 cups of flour

hope this helps

Pls answer these for me!!! I need it assap because I have to go to dance and when I come back it’s like 10!!! And that’s when I sleep:( and when I eat it’s 12

Answers

Answer:

area models

Step-by-step explanation:

an area modle is something to model area

Answer:

1. round

2. associative property of multiplication

3. commutative property of multiplication

4. mixed number

if g(x) = -3x +1 fill out the following table of values​

Answers

Answer:

where is the table by the way

Foster’s answer to the question he wrote for Ranger was 7x+(-3), while Ranger’s answer was 7x-3.They both checked their work by letting x=5, and they both claim to be correct.Are they both correct?Explain.

Answers

Answer: They are both correct :)

Step-by-step explanation:

They are both correct because 7x + (-3) is the same thing as 7x - 3 if you simplify it.

When you simplify it, you change the expression to:

7x + 1 (-3)

So now you have to distribute the 1 which gives you:

7x - 3

..since positive x negative is negative.

Hope that helped!

How much time has passed?
Start time: 4:45 a.m. End time: 7:25 a.m.

Answers

Answer:

160 mins

Step-by-step explanation:

Please help!!!!!!!!! Anthony is preparing to paint a large shipping container and needs to calculate the area of the container so he can buy the correct amount of paint. The equation he uses to find the area, A, in square feet is A= 2( lw + wh + lh) where l is the length, w is the width, and h is the height The container is 8 feet wide, 12 feet high, and 24 feet long. What is the area of the container in square feet? Answer choices: A. 567, B. 1152, C. 2304, D. 4608

Answers

Answer: I need help too to that

Step-by-step explanation:

Answer: 1,152

Step-by-step explanation:

Hello! I need help PLZ!! If anyone knows I would appreciate it! Thank you so much! :)

(4 screenshots included)

Answers

Answer:

its either b or d

Step-by-step explanation:

b or d is the answer

What’s the solution for x-0= 0

Answers

i’m pretty sure it’s 0

Choose the correct scientific notation of this number.
There are 5,280 feet in one mile.

Answers

Answer:

It's C

Step-by-step explanation:

The Wood frog has three unique chemicals inside its body that act like antifreeze in your car to keep the frog from freezing in negative temperatures. The frog can be found as far north as this US STATE. What is the fifth letter of this state?

Answers

Answer:

a

Step-by-step explanation:

I need help with this problem

Answers

Answer:

6/5

Step-by-step explanation:

Please help!!-help-help

Answers

Answer:

0.5

Step-by-step explanation:

To get the triangle on the right, divide the given sides of the triangle on the left by 2.

5/2 = 2.5

12/2 = 6

So the scale factor is 1/2 or 0.5

The local grocery store will purchase food items and mark them up 115%. If the wholesale price of an item was $3.50, what price will the customer pay for the item?

Answers

Answer

10.25

Step-by-step explanation:

pls mark me as brainliest its required :)

The answer to this question is 10.25

-2x - 2y =-10 and 9x + 7y = 49

Answers

Answer:

I think it is 49

Step-by-step explanation:

Hope this helped have an amazing day/month/year!

Help me pleaseeeeeeeee

Answers

Because it’s an equalacteral it should be 60

2) You had $20 to spend on seven avocados. After buying them you had $6. How much did cach avocado cost? Answer​

Answers

i believe it will be $14

Can y’all plz help me plz

Answers

Divide both sides by -4
It will leave x alone
x = -3
The solution is A

Answer:

x= 12/-4

x=-3

Step-by-step explanation:

make it braintliest please

I need help with this question...

Answers

Answer:15

Step-by-step explanation:

we know from the markings on the sides of the triangle that this is an equilateral triangle. The angles of an equilateral triangle are all equal. because of this, we can put these two equations to equal each other
since we are solving for y, we want to isolate y on one side.

6x+6=5y+10
-10 -10
6x-4=5y
divide both sides by 5

6/5x-4/5=y

The height of a house is 39.2 ft, a doll house replica is 2.8 ft. What is the scale
factor?

Answers

I might be wrong cause I don’t removed this from 4 years ago but it should be 36.4 also plz mark brainlyiest

Find a positive solution for this equation..

Answers

Answer:

x=6 or x=−6

Step-by-step explanation:

solve for x each figure is a parallelogram please

Answers

Answer:

UW = EW+UE=2×EW because, EW=UE

7x-2=2×6= 12

7x=14

x=14/7

x=2

2 is the right answer.

A hiker stands on a small hill and tosses a stone. The stone then follows a path with height h above the ground at time t. The function

h(t) = - 16t2 + 16x + 32 models the stone's path. How long does it take the stone to reach its maximum height?

Answers

Answer:

At time t=0.5, the stone reaches a maximum height of h= 35.

Step-by-step explanation:

A quadratic function or function of the second degree is a polynomial function defined by:

f(x)=a*x² + b*x +c

The maximums and minimums of a function are the largest (maximum) or smallest (minimum) values ​​of a function.

The vertex of the function is a point that is part of the parabola or quadratic function that coincides with the maximum or minimum. When a> 0, the vertex of the parabola is at the bottom of it, being a minimum (that is, the parabola opens "upward"), and when a <0 the vertex is at the top , being a maximum (that is, the parable opens "downward").

h represents the value of its abscissa (value of x).

k represents the value of its ordinate (value of f (x)).

The value of h can be calculated with the formula [tex]h=-\frac{b}{2*a}[/tex]

The value of k must be obtained by substituting the value of h in the function f(x)=a*x² + b*x +c

In this case: a=-16, b=16 and c=32. As a <0 the vertex is at the top , being a maximum. So:

[tex]h=-\frac{16}{2*(-16)}=0.5[/tex]

Substituting the value of h in the function f(x)=-16*x² + 16*x +32 you get:

f(0.5)=-16*0.5² + 16*0.5 +32

f(0.5)= 35

At time t=0.5, the stone reaches a maximum height of h= 35.

The line plots shows the weights of 9 grapefruits. What is the difference in the total weight of all the 1 1/2 lb grapefruits and the total weight of all the 1 1/4 lb grapefruits? A 1/4lb B 2 lb C 4 1/2lb D 7 lb

Answers

Answer:

The difference of weight is [tex]2[/tex] pounds.

Step-by-step explanation:

Given:  The line plots shows the weights of [tex]9[/tex] grapefruits

To find: The difference in the total weight of all the [tex]1\frac{1}{2} lb[/tex]  grapefruits and the total weight of all the [tex]1 \frac{1}{4}lb[/tex] grapefruits.  

Firstly, we need to convert the given mixed fractions as following:

[tex]1\frac{1}{2} lb=\frac{2+1}{2}=\frac{3}{2}lb[/tex]

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

Now, we know that,

Point diagrams divide a sample into different classes, and allow to observe the frequencies of each class.

In this case, the different weights of the grapefruit constitute the classes. From a sample of 10 grapefruit, some will weigh  others weigh.

We need to observe the dot diagram to know how many  grapefruit we have of weight [tex]\frac{3}{2} lb[/tex] and how many  grapefruit we have of weight [tex]\frac{5}{4} lb[/tex]. In other words, we need to know, in the diagram, how many points there are about class of  [tex]\frac{3}{2} lb[/tex] and how many points there are about class of   [tex]\frac{5}{4} lb[/tex].

Then, the total difference between all grapefruit of  pounds and all grapefruit of pounds is calculated as follows:

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

Where

[tex]Z[/tex]: Weight difference

[tex]x[/tex]: Quantity of [tex]1\frac{1}{2} lb[/tex]  grapefruit

[tex]y[/tex]: Quantity of [tex]1\frac{1}{4}lb[/tex] grapefruit

Suppose that of the [tex]10[/tex] total grapefruits, [tex]3[/tex] of them weigh [tex]1\frac{1}{2} lb[/tex]  and [tex]2[/tex] of them weigh [tex]1 \frac{1}{4}[/tex]  pounds. This is: [tex]x=3[/tex] and [tex]y=2[/tex]

Now,

[tex]3(\frac{3}{2} )-2(\frac{5}{4} )[/tex]              

[tex]=\frac{9}{2} -\frac{5}{2}[/tex]                    

[tex]=\frac{4}{2}[/tex]            

[tex]=2[/tex]

Hence, for this case, the difference of weight is [tex]2[/tex] pounds.

the product (2x^4 y) (3x^5 y^8) is equivalent to:

Answers

Answer:

please mark me brainliest and follow me my friend.

I Just Got Unbanned :0 Can I Get A CoOkIe?!?

Answers

Answer:

Sure here O- cookie

Step-by-step explanation:

Please HELP. She finished these tant in no more than 30

Answers

Answer:

what

Step-by-step explanation:

uhhhh what ??? lolll

-0.8b^2+7.4b+(5.6b-0.2b^2)

Answers

Answer:

what? I don't understand lol

A seed company planted a floral mosaic of a national flag. The perimeter of the flag is 2,260 ft Determine the​ flag's width and length if the length is 290 ft greater than the width.

Answers

Answer:

length= 710 width= 420

Step-by-step explanation:

As we consider a rectangle we can replace "length" with l and "width" with w so that the perimeter will be:

2l+2w= 2260

With the length as:

l= w+290

The length, substituted into the perimeter is:

2(w+290)+2w=2260

Distribute:

4w+580=2260

Subtract:

4w=1680

Divide:

w=420

To find the length, take the width and add 290:

420+290=710

l=710

Which of the following tables represents a function?

Answers

Answer:

The third table

Step-by-step explanation:

It's the third table because each input does not repeat, so it means all of the inputs are unique

Repeating inputs (x) make it not a function

As their is no mention of test assuming it's not a test question

Solution

Now

As per definition of function

Every domain has an unique rangef(x)=y

Thing we have to see here is x values must not repeated more than once

In table 3

It follows the defination

Table 3 is a function

last one! Please help me !!

Answers

Answer:

1.) A      2.) B

Step-by-step explanation:

Formula: a^2+b^2=c^2

4^2+3^2=5^2

Proof:

4^2=16

3^2=9

9+16=25

5^2=25

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