Recently, More Money 4U offered an annuity that pays 6.0% compounded monthly. If $1,432 is deposited into this annuity every month, how much is in the account after 10 years? How much of this is interest? Type the amount in the account: (Round to the nearest dollar.)

Answers

Answer 1

The amount in the account after 10 years is $264,569.00.

The amount of interest earned is $92,729.

Amount deposited every month is $1,432. The interest rate is 6.0% compounded monthly. We are required to find the amount in the account after 10 years and the interest earned.

First, we can calculate the number of payments made over the 10 year period using:

time = 10 years * 12 months/year = 120 months

The formula to calculate the amount in an annuity is:

A = P * ((1+r/n)^(n*t) - 1) / (r/n)

Where, P is the periodic payment,

r is the interest rate,

n is the number of times the interest is compounded per period,

t is the total number of periods,

A is the amount in the annuity

Substituting the values given, we get:

55A = 1432 * ((1+0.06/12)^(12*10) - 1) / (0.06/12)

On solving this equation, we get

A = $264,569.00

The amount in the account after 10 years is $264,569.00 (rounded to the nearest dollar).

To calculate the interest earned, we subtract the total amount deposited over the 10 years ($1432/month x 120 months = $171,840) from the total amount in the account after 10 years ($264,569).

Interest earned = $264,569 - $171,840 = $92,729

Therefore, the amount of interest earned is $92,729.

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Related Questions

give the slope of the line with equation 17x = -34; then graph the line

Answers

Answer:

Slope: Undefined

Step-by-step explanation:

Using the standard Normal distribution tables, what is the area under the standard Normal curve corresponding to Z<0.75? a.0.7223 b.0.7734 Oc 0.9127 d.0.6915 QUESTION 26 Given the least squares regression line y-3 x-3, which of the following is true? a. The relationship between x and y is positive. b. The relationship between x and y is negative. c. As x decreases, y increases. d. None of the answer options is correct.

Answers

The least squares regression line y-3 x-3 is (a) "The relationship between x and y is positive."

To get the area under the standard Normal curve corresponding to Z < 0.75, we can use the standard Normal distribution tables. The tables provide the cumulative probability up to a given Z-score.

Looking up the value of 0.75 in the standard Normal distribution table, we find that the corresponding area is approximately 0.7734.

Therefore, the answer is (b) 0.7734.

Regarding the least squares regression line y = 3x - 3, we can make the following observations:

a. The relationship between x and y is positive: This is true because the coefficient of x (3) is positive, indicating a positive relationship between x and y.

b. The relationship between x and y is negative: This is false because the coefficient of x (3) is positive, indicating a positive relationship between x and y.

c. As x decreases, y increases: This is false because as x decreases, y will also decrease based on the equation y = 3x - 3.

d. None of the answer options is correct: This is false because option (a) "The relationship between x and y is positive" is correct.

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What is the area of the triangle in square yards?
6 yd.
15 3/4 yd.

Answers

Answer:

6x15 2/4 yd dividedby 2

Step-by-step explanation:

do the math and u get ur answer

. A rectangle has its base on the x-axis and its upper two vertices on the semi-circle y = V1 - 32. What is the largest area the rectangle can have? 1 6 1

Answers

The largest area the rectangle can have is -1024 square units.

To solve the given problem, follow the steps given below:

Step 1: Sketch the given graph on a coordinate plane as shown below:

Step 2: Let's assume that the base of the rectangle is x units and its height is y units.

Step 3: As the base of the rectangle is on x-axis, we have the length of the base as the x-coordinate of the upper two vertices of the rectangle.

Now, the x-coordinate of the upper two vertices of the rectangle lie on the given semicircle whose equation is y = V1 - 32.

So, we can write:

y = V1 - 32x^2 = (y + 32)^2 ⇒ x^2 = y^2 + 64y + 1024

Step 4: Now, we can write the area of the rectangle as: A = base × height= x × y

Using the value of x from equation (1), we get: A = (y^2 + 64y + 1024)1/2 y

So, we have an equation for area in terms of y. Let's differentiate it with respect to y to find the maximum value of A. dA/dy = (y^2 + 64y + 1024)-1/2 (2y + 64)

By equating dA/dy = 0, we get: 2y + 64 = 0y = -32

Substituting the value of y in equation (2), we get:x^2 = 1024 ⇒ x = ±32

The given rectangle lies in the first quadrant.

Hence, the length of the base of the rectangle is x = 32 units.

So, we have the dimensions of the rectangle as length = 32 units and breadth = height = y = -32 units.

However, as the length and breadth of the rectangle cannot be negative, we cannot consider the negative value of y.

Therefore, the maximum area of the rectangle is: A = base × height= 32 × (-32)= -1024 sq. units

Hence, the largest area the rectangle can have is -1024 square units.

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HELP

Is x+7 a factor of p(x)

Answers

Answer:

No

Step-by-step explanation:

Because the remainder is not zero

The fastest clapper in the world can clap 720 times in 60 seconds. What is the unit rate? *

Answers

Answer: 12 claps per second

Step-by-step explanation: divide both by 60 and yield 12 times -1 second

Someone please help me I’ll give out brainliest please dont answer if you don’t know

Answers

Answer:

-9p+3

plz mark me as brainliest

the difference between a low-cost provider strategy and a focused low-cost strategy is

Answers

The difference between a low-cost provider strategy and a focused low-cost strategy lies in their scope and target market. A low-cost provider strategy aims to achieve a cost advantage over competitors while targeting a broad market segment.

A low-cost provider strategy involves offering products or services at a lower cost compared to competitors while targeting a broad customer base. The focus is on achieving economies of scale, operational efficiencies, and cost reduction across the value chain to deliver products or services at competitive prices. This strategy aims to attract a large customer base through cost advantages and can be employed in various industries.

In contrast, a focused low-cost strategy narrows down the target market to a specific segment or niche. Instead of targeting a broad market, the company focuses on serving a particular group of customers with specialized needs or preferences. By understanding the unique requirements of this specific segment, the company can tailor its offerings and operations to provide lower costs, thereby gaining a competitive edge within that niche market. This strategy allows for a more concentrated effort and customization to cater to the specific demands of the chosen market segment.

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Need someones help on this!

Answers

Answer:

x^3

Step-by-step explanation:

quotient property of exponents

I think the answer is c. x^3

Craig opened a savings account and deposited $600.00 as principal. The account earns 2%
interest, compounded annually. What is the balance after 6 years?
Use the formula A =
1 +
(starting amount), r is the interest rate expressed as a decimal, n is the number of times per
year that the interest is compounded, and t is the time in years.
Round your answer to the nearest cent.

Answers

Answer:

the answer is 675.70 or 4,504.33

Step-by-step explanation:

the right answer is that

what is the distance between -2 1/2, -5 3/4

Answers

Answer:

Step-by-step explanation:

it's kinda confusing b/c of the minus signs.. huh...  but -5 is less than -2 sooo

start with

-2 1/2  - (-5 3/4 )

=5 3/4 - 2 1/2

=5 3/4 - 2 2/4

=23/4 - 10/4

=13/4

there you go...  :)

if you want it back in proper fractions

3 1/4

Jess is having a private party at the bowling alley. The party costs $99 plus %3 per person who attends.

Answers

Answer:

Total cost= 99 + 2.97x

Step-by-step explanation:

Giving the following information:

Fixed cost= $99

Variable cost= 3% per person

First, we need to calculate the 3% of 99:

Unitary variable cost= 99*0.03= $2.97

Now, we establish the total cost structure:

Total cost= 99 + 2.97x

x= number of people in attendance

Finally, suppose 200 people attend the party:

Total cost= 99 + 2.97*200

Total cost= $693

consider the function f(x)=x−2x 1. (a) find the domain of f(x).

Answers

The domain of the function f(x) = x² - 2x + 1 is all real numbers, which is denoted as (-∞, +∞).

To find the domain of the function f(x) = x² - 2x + 1, we determine the set of all possible values for x that make the function well-defined.

The given function is a polynomial-function, and polynomial functions are defined for all real numbers. So, the domain of f(x) = x² - 2x + 1 is the set of all real numbers, which can be represented as (-∞, +∞).

It means that any real-number can be substituted into the function, and it will give a valid output. There are no limitations on the possible values of x in this case.

Therefore, the domain is all real numbers.

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The given question is incomplete, the complete question is

Find the domain of the function f(x) = x² - 2x + 1.

Find the length of the side labeled x. Round intermediate values to the nearest 10th. Use the rounded values to calculate the next value. Round your final answer to the nearest 10th

Answers

Answer:

16.0(?)

Step-by-step explanation:

I’m not really sure if it’s correct. But I’m assume it’s correct.

Glenn needs to cut pieces of ribbon that are each 1 meter long to make ribbon key chains. If he has 6 pieces of ribbon that are each 1 dekameter long, how many 1−meter pieces of ribbon can he cut?

Answers

Answer: 60

Step-by-step explanation:

1=10. x6=60

I just need this and that it

Answers

The answer is J hdjdghsksjdbgeshsh

Puzzle One
Determine the correct vocabulary word(s) in the questions below. To break the code of puzzle
one you will need to determine the third letter of the word in EACH space and then put those
letters in alphabetical order to break the code. For example, if the first blank was MODE the
letter you would use to help you break out would be D.
*Hint: Use the word bank to help you, some words may be used more than once and some may
not be used at all.
1) The
tells you how the data is spread out
of the data.
for
2) The might be a better representation of the data if there are
outliers that skew the data.
3) To find the
of
you add the numbers and
by the quantity
distance between
4) The Mean Absolute Deviation (MAD) is the
each
point and the
MODE
MEDIAN
MEAN
RANGE
NUMBERS
QUARTILE
Word Bank:
MULTIPLY
AVERAGE
DIVIDE
SUBTRACT
INNER
DATA
FIFTY
TWENTY
PERCENT
Code:
Math in the Mid 2019
MI

Answers

Answer:

Ошйжй Щ отдйдй шубу Ц дцдць о о

Step-by-step explanation:

CAN SOMEONE HELP ME PLEASE

Answers

It seems like it is a 1:3 ratio.
y = 12
3(2x + 1) = 4x + 9
6x + 3 = 4x + 9
6x = 4x + 6
2x = 6
x = 3
Since they are similar the proportions of the figure would be equal
3/9 = 2x + 1/ 4x + 9
4x + 9 = 3(2x + 1)
4x + 9 = 6x + 3
2x = 6, x = 3
3/9 = 4/y
y = 12
Solution: x = 3, y = 12

A local store owner is interested in finding the mean age of her customers. She randomly surveys 82 customers and records their age. Identify the population, sample, variable, type of variable, parameter, and statistic.

Answers

Population: The set of all possible customers in the store.

Sample: The 82 customers randomly surveyed.

Variable: Age of the customers Type of variable: Quantitative parameter

Parameter: The mean age of all the customers in the store.

Statistic: The sample mean age of the 82 customers surveyed.

Analysis: The mean age of all customers is a parameter since the store owner is interested in knowing the mean age of all the customers that come to her store.

The store owner will be interested in collecting data on all the customers who come to her store. Since this will be difficult, she will sample some customers instead. The store owner randomly surveyed 82 customers, which is the sample size. The variable of interest is the age of the customers. This is a quantitative variable since it is measured using numerical values. The sample mean age of the 82 customers surveyed is a statistic.

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The first pentagon is dilated to form the second pentagon.

Drag and drop the answer to correctly complete the statement.

Will Mark Brainlist =)

Answers

Answer:

2

Step-by-step explanation:

Answer:

2 is answer i promise

Step-by-step explanation:

The checkbook balance of Hercher Company is $1,955.81. The bank statement shows a balance of $3,142.11. The statement shows interest earned of $31.55 and a service charge of $22.80. There is a deposit in transit of $3,991.88. In further analyzing the statement it was discovered that the bank collected a note for $3,100.000. Hercher Co. forgot to deduct a check for $850 during the month. There is a check outstanding for $2,919.43. What is the reconciled balance?

Answers

Answer:

Reconciled balance $3,142.11

Step-by-step explanation:

The computation of the reconciled balance is shown below:

Debit balance as per check book $1,955.81

Add: interest earned $31.55

Collection of note $3,100

Outstanding checks $2,919.43

Less: service charges -$22.80

Less: deposit in transit -$3,991.88

Less: forgot a check -$850

Reconciled balance $3,142.11

The same would be relevant and considered too

what is the volume of the prism 8 1/2 m 7 m 4 m

Answers

Answer:

Step-by-step explanation:

The formula for the volume of a prism is V=Bh , where B is the base area and h is the height. The base of the prism is a rectangle. The length of the rectangle is 9 cm and the width is 7 cm.

Answer:

Step-by-step explanation:

Volume of prism = length * width * height  

                            = 8 1/2 *  7 * 4

                            [tex]= \frac{17}{2}*7*4\\\\=17 * 7 * 2\\\\= 238 cubic m[/tex]

Melanie's dance class was 100 minutes long. If 1/8 of the time was spent
stretching, how many minutes were spent stretching?

Answers

Answer:

12.5 minutes

Step-by-step explanation:

Multiply 1/8 by 100. Convert 25/2 to a decimal by dividing 25 by 2. The answer is 12.5 minutes.


The labor charges for mechanics is $54 an hour. The
standard deviation is $4 an hour. Find the minimum percentage of
data values that lie within the range of $48 to $60 an hour for the
mechanic's labo

Answers

The minimum percentage of data values that lie within the range of $48 to $60 an hour for the mechanic's labor is 86.64%.

To find the minimum percentage of data values that lie within the range of $48 to $60 an hour for the mechanic's labor.

We need to calculate the z-scores for both values and use a z-table to find area under the normal curve between those two scores.

First, we calculate the z-score for $48 an hour:

z = (48 - 54) / 4 = -1.5

Next, we calculate the z-score for $60 an hour:

z = (60 - 54) / 4 = 1.5

Using a standard normal distribution table, we can find that the area under the curve between -1.5 and 1.5 is approximately 0.8664 or 86.64%.

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At the football game they sold $4 pizzas and $2 sodas which made the school$260 the number of Sodas sold was five more than three times a number of pizzas sold determine the amount of pizza and sodad sold

Answers

[tex]\Huge \textsf{Answer:\fbox{25 pizzas and 80 sodas sold.}}}[/tex]

[tex]\Huge \textsf{Step-by-step explanation}[/tex]

[tex]\LARGE \bold{\textsf{Step 1: Assign Variables}}[/tex]

[tex]\textsf{Let's assign a variable for the number of pizzas sold, we will call it \textit{"p."}}\\\textsf{And we will assign the variable\textit{"s"} for the number of sodas sold.}[/tex]

[tex]\LARGE \bold{\textsf{Step 2: Write equations based on the given information}}[/tex]

[tex]\large \bold{ \textsf{From the problem, we know that:}}[/tex]

[tex]\bullet \textsf{The school made \$260 from seeling 4 pizzas and 2 sodas.}\\\\\bullet \textsf{The number of sodas sold was five more than three times the number of pizzas sold.}[/tex]

[tex]\large \bold{ \textsf{We can use this information to write two equations:}}[/tex]

[tex]\text{Equation 1} : 4p + 2s = 260 \text{(since each pizza costs \$4 and each soda costs \$2)}[/tex]

[tex]\text{Equation 2} : s = 3p + 5 \text{(The number of sodas sold was 3 times the number of}\\\text{pizzas sold plus 5)}[/tex]

[tex]\LARGE \bold{\textsf{Step 3: Solve the system of equations}}[/tex]

[tex]\large \textsf{To solve the system of equations, we can substitute Equation 2 into Equation}\\\textsf{1 for \textit{"p"}:}[/tex]

[tex]\bullet \textsf{4\textit{p} + 2\textit{s} = 260}\\\\\bullet \textsf{4\textit{p} + 2(3\textit{p} + 5) = 260}[/tex]

[tex]\large \textsf{Simplifying this expression gives us:}[/tex]

[tex]\textsf{10\textit{p} + 10 = 260}[/tex]

[tex]\large \textsf{Subtracting 10 from both sides:}[/tex]

[tex]\textsf{10\textit{p} = 250}[/tex]

[tex]\large \textsf{Dividing both sides by 10}[/tex]

[tex]\textsf{\textit{p} = 25}[/tex]

[tex]\large \textsf{Now that we know the number of pizzas sold, we can use Equation 2 to find}\\\textsf{the number of sodas sold:}[/tex]

[tex]\bullet \textsf{\textit{s} = 3\textit{p} + 5}\\\\\bullet \textsf{\textit{s} = 3(25) + 5}\\\\\bullet \textsf{\textit{s} = 75 + 5}\\\\\bullet \textsf{\textit{s} = 80}[/tex]

[tex]\large \textsf{So, 25 pizzas and 80 sodas were sold.}[/tex]

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

The density of mercury is 13.5 times greater than the density of water. If you were to build a barometer that used water instead of mercury to record the standard pressure at sea level, what would be the height of that barometer? Assume that the mercury barometer is 76 centimeters, or 29.92 inches, long (this is the standard atmospheric pressure at sea level). View Available Hint(s) The density of mercury is 13.5 times greater than the density of water. If you were to build a barometer that used water instead of mercury to record the standard pressure at sea level, what would be the height of that barometer? Assume that the mercury barometer is 76 centimeters, or 29.92 inches, long (this is the standard atmospheric pressure at sea level). 110.29 centimeters (43.42 inches) 5.63 centimeters (2.21 inches) 89.5 centimeters (35.24 inches) 1026 centimeters (403.92 inches)

Answers

Answer:

h = 403.92in or 1026cm

Step-by-step explanation:

Given

Let x represent the density of mercury, and y the density of water.

[tex]y = 13.5x[/tex]

[tex]Mercury\ barometer =76cm[/tex] or [tex]Mercury\ barometer =29.92in[/tex]

Required

Determine the height of the barometer

At standard atmospheric pressure, the relationship between the mercury barometer and the height (h) of the barometer is:

[tex]h = 13.5 * Mercury\ barometer[/tex]

In centimeters, we have:

[tex]h = 13.5 * 76cm[/tex]

[tex]h = 1026cm[/tex]

In inches, we have:

[tex]h = 13.5 * 29.92in[/tex]

[tex]h = 403.92in[/tex]


Find the exact value of tan A in simplest radical form

Answers

Answer:

12.68 de

Step-by-step explanation:

Find m QRS? who can help me?​

Answers

Answer:

m<PRS+m<PRQ=m<QRS.

17 + 17 = 34

m<QRS=34

HELP PLEASE

Marcus works at the grocery store. He earns 8.75 per hour. Last week he worked 6.5 hours. How much did Marcus make last week?

Answers

20 dollars bev b h h b g v v v v.

Suppose that y varies directly with x and y = 3 when x = 9. What is y when x = 18?

Answers

Answer:

y = 6

Step-by-step explanation:

Use the direct variation equation, y = kx

Plug in y = 3 and x = 9, and solve for k

y = kx

3 = k(9)

1/3 = k

So, the equation is y = 1/3x

Plug in 18 as x and solve for y

y = 1/3x

y = 1/3(18)

y = 6

So, when x = 18, y = 6

Other Questions
The teacher will come in a minute underline part of the sentence a an During February, Alexander Inc. worked on two jobs with the following data: Job 12 Job 13 Units in each order 100 200 Units Sold 100 -- Raw materials requisitioned (Feb 3) $2,480 $1,970 Direct labor hours 820 hrs 1,166 hrs. Direct labor cost (ending Feb 28) $12,300 $17,490 Overhead is assigned on the basis of direct labor hours at a rate of $12. During February, Job 12 was completed and transferred to finished goods. Job 13 is the only unfinished job at the end of the month. 1. Prepare the journal entry for using the requisitioned raw materials. (3 pts) Date Account Debit Credit 2. Prepare the journal entry for all direct labor costs for the month. Assume workers have not yet been paid. (3 pts) Date Account Debit Credit 3. Prepare the journal entry to show Job 12 being completed and transferred to finished goods (3 points) Date Account Debit Credit ________ refers to problems associated with a specific cause based in freud's theory of personality. Help please!! Ill name you brainliest!! What will cause an object to move? Describe differential pricing using graphs, (B) Explain how a company that has limited capacity (production capacity /hotel rooms/ aircraft seats) can use pricing based on a) separate allocation of capacity to different segments, and b) dynamic pricing (pricing based on available capacity). How did the Treaty of Brest-Litovsk alter the alliances of the First World War?a Russia surrendered to Austria-Hungaryb Russia declared war on Francec Russia made a separate peace with Germanyd Russia traded armaments with the United States Suppose that the same tax is imposed across two competitive markets - A and B. You know that across the two markets supply and demand are linear, and that in market A tax revenue is larger than in market B. Compare the dead weight loss across the two markets. bill is trying to plan a meal to meet specific nutritional goals. he wants to prepare a meal containing rice, tofu, and peanuts that will provide 312 grams of carbohydrates, 328 grams of fat, and 180 grams of protein. he knows that each cup of rice provides 46 grams of carbohydrates, 0 grams of fat, and 2 grams of protein. each cup of tofu provides 6 grams of carbohydrates, 12 grams of fat, and 15 grams of protein. finally, each cup of peanuts provides 26 grams of carbohydrates, 70 grams of fat, and 28 grams of protein. how many cups of rice, tofu, and peanuts should he eat? a student would like to find the coefficient of kinetic friction between a block and a wooden table as pictured. assume equipment usually found in a school physics laboratory is available. why is it important for the judicial branch to have the power to review laws A classmate is analyzing the organization in a piece of your writing. Which question should you ask your classmate to consider?A.Does the sequence of ideas make sense?B.Do you notice a series of short or long sentences?C.Can you summarize my main idea?D.What words help you see the subject I described? Write the equation of a line that passes through the points (-2,-9) and (2,-9). Omar Inc. paid a $24,000 expense, only $18,000 of which was deductible. If Omar's marginal tax rate is 40%, compute the after-tax cost of the expense. Given mn, find the value of x and y.(37-18)(8x+12)m(2X+18)n Which country was blamed during the peace treaty that ended World War I? The double number line shows that Toni can type 180 words in 2 minutes.Based on the ratio shown in the double number line, how many words can Toni type in 3minutes Which of the gases below are primarily obtained from the atmosphere? obtained from Atmosphere Drag the correct choices into the box. Leave the incorrect choices outside of the box. helium hydrogen nitrogen oxygen argon chlorine whats the answer to 10/y = 2/9 Compltez les phrases avec les comparatifs indiqus entre parenthses.Modle: (+ intressant) Cette exprience est plus intressante quel'autre.(- nombreux) Dans la recherche, les mathmaticiennes sont les mathmaticiens.Please!!