you deposit $5000 each year into an account earning 7% interest compounded annually. How much will you have in the account in 30 years?

Note: Round your answer to the nearest cent.

Answers

Answer 1

Answer:

We can solve this problem using the formula for the future value of an annuity:

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

where FV is the future value, P is the periodic payment, r is the interest rate per period, and n is the number of periods.

In this case, we have P = $5,000, r = 0.07 (since the interest is compounded annually), and n = 30 (since the deposits are made annually for 30 years).

Plugging in these values, we get:

FV = $5,000 * ((1 + 0.07)^30 - 1) / 0.07

FV = $5,000 * 111.131

FV = $555,655.00

Therefore, you will have approximately $555,655.00 in the account after 30 years.


Related Questions

A company is allowed to interview candidates until two qualified candidates are found. But budget constraints dictate that no more than 10 candidates can be interviewed. List the sample space.

Answers

Answer:

Kindly check attached picture for sample space design

45 ways

Step-by-step explanation:

Number of qualified candidates to be chosen = 2

Number of candidates to be interviewed = 10

Combination formula :

nCr = n! / (n-r)! r!

10C2 = 10! ÷ (10 - 2)!2!

10C2 = 10*9 / 2 * 1

10C2 = 90/2

10C2 = 45 different samples

Our sample space will contain 45 different samples

A company is allowed to interview candidates until two qualified candidates are found. But budget constraints

what is the solution to -4[2×+6]=-24​

Answers

Answer:

x=0

Step-by-step explanation:

-4(2x+6) = -24

distribute the -4 to the parentheses

-8x-24 = -24

add the 24 over

-8x=0

divide both sides by -8

x=0

Write a proportion for each of the diagrams below and solve for the missing value.

Write a proportion for each of the diagrams below and solve for the missing value.

Answers

Answer:

x=7.5

Step-by-step explanation:

\(\frac{8}{5} =\frac{12}{x}\)

\(8x=60\)

\(x=7.5\)

2a+c=162.97

how do you use the elimination method for this

Answers

When 'a' is 10, 'c' is approximately 142.97. You can repeat this process for different values of 'a' to find corresponding values of 'c'. Keep in mind that there are infinitely many solutions to this equation

To use the elimination method to solve the equation 2a + c = 162.97, we need another equation with the same variables. However, as there is only one equation given, we cannot apply the elimination method directly.

The elimination method typically involves adding or subtracting equations to eliminate one of the variables, resulting in a new equation with only one variable. Since we have only one equation, we don't have the opportunity to eliminate variables using another equation.

In this case, we can solve the given equation directly by isolating one variable in terms of the other. Let's solve for 'c':

2a + c = 162.97

Rearrange the equation to isolate 'c':

c = 162.97 - 2a

Now, we have an expression for 'c' in terms of 'a'. This equation represents a line in the 'a-c' coordinate plane. We can choose any value for 'a', substitute it into the equation, and calculate the corresponding 'c' value.

For example, let's say we choose 'a' = 10:

c = 162.97 - 2(10)

c = 162.97 - 20

c = 142.97

So, when 'a' is 10, 'c' is approximately 142.97.

You can repeat this process for different values of 'a' to find corresponding values of 'c'. Keep in mind that there are infinitely many solutions to this equation since we have one equation and two variables.

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HELPP BRAINLIEST TO FIRST!!! Find the value of y if mWRQ = 50 and mQRV = 2y+12

Answers

Answer:

y=6

Step-by-step explanation:

Order Of Operations
*urgent help!*
(VIEW PICTURE)

Order Of Operations*urgent help!*(VIEW PICTURE)

Answers

Answer:

The answer is 15

15x63+43-536+74-635+563

Answers

Answer: 545

Step-by-step explanation:

Answer:

454

Step-by-step explanation:

Hope This Helps

Have A Great Day

2. Moore has 20 songs. His friend bought him M more
songs. Write an expression that shows how many songs
Moore has now.

Answers

Answer:

20+m

Step-by-step explanation:

Answer:

20+m=?

Step-by-step explanation:

if moore already has 20 songs and his freind brought m more books then we would need to find the total amount of books more has now.

Find the length of side of square ABCD when diagonal is √ cm long. Also find the perimeter and area of the square

Answers

The length of each side of the square is 16 cm, the perimeter is 64 cm, and the area is 256 cm^2.

Let's solve the problem step by step. We have a square ABCD, and we need to find the length of its sides when the diagonal is 16√2 cm long.

In a square, the diagonal forms a right triangle with the sides. The sides of a square are equal in length, so let's assume the length of one side of the square is 'x' cm.

Using the Pythagorean theorem, we can find the relationship between the side length and the diagonal:

x^2 + x^2 = (16√2)^2

2x^2 = 512

Dividing both sides by 2, we have:

x^2 = 256

Taking the square root of both sides:

x = √256

x = 16 cm

So, the length of each side of the square is 16 cm.

To find the perimeter of the square, we simply multiply the length of one side by 4 since all sides are equal:

Perimeter = 4 * 16 cm = 64 cm

To find the area of the square, we square the length of one side:

Area = (16 cm)^2 = 256 cm^2

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Note the complete question is:

Find the length of side of square ABCD when diagonal is 16√2 cm long. Also find the perimeter and area of the square?

Complete the equation. Answer as a fraction in its simplest form. 9xy x (2/3x)^3=(__/__)x^4y

Answers

Answer:

Fill the blank with \(\frac{8}{3}\)

Step-by-step explanation:

Given

\(9xy * (\frac{2}{3}x)^3 = (--/--)x^4y\)

Required

Fill in the gaps

\(9xy * (\frac{2}{3}x)^3 = (--/--)x^4y\)

Open Brackets

\(9xy * \frac{2^3}{3^3}x^3 = (--/--)x^4y\)

\(9xy * \frac{8}{27}x^3 = (--/--)x^4y\)

Multiply xy and x^3

\(9 * \frac{8}{27}x^4y = (--/--)x^4y\)

\(\frac{9 * 8}{27}x^4y = (--/--)x^4y\)

Divide fraction by 9/9

\(\frac{8}{3}x^4y = (--/--)x^4y\)

By comparison, the blank will be filled with:

\(\frac{8}{3}\)

Hence, the solution to the question is: \(9xy * (\frac{2}{3}x)^3 = \frac{8}{3}x^4y\)

Evaluate the expression (14 − 4)2 ÷ 10.

The value of the expression is value of

Answers

Answer:

2

Step-by-step explanation:

PEMDAS says to do the equations in parentheses first

(14-4) = 10

PEMDAS then says to do multiplication or division, whichever comes first in the equation, which is multiplication in this case

(10)2 = 20

20 ÷ 10 = 2

Helpppp me tell me the fraction

Helpppp me tell me the fraction

Answers

Answer:   \(\frac{5}{6}\) of a yard

=========================================================

Explanation:

The longest is \(\frac{6}{6}\) yard and the shortest is \(\frac{1}{6}\) of a yard.

This is because 6 is the largest numerator and 1 is the smallest numerator.

Subtract the two fractions:

\(\frac{6}{6} - \frac{1}{6} = \frac{6-1}{6} = \frac{5}{6}\)

We subtract the numerators while the denominator stays the same at 6 the entire time.

This is the difference between the longest and shortest ribbon, and the unit is in yards.

An aeroplane descended 1.4 miles to an elevation of 0.6 miles as shown by the equation below.
Solve the equation to find the elevation of the plane before its descent.
x-1.4 = 0.6
A 0.8
B 1.0
C 2.0
D 1.2
Quick

Answers

Answer:

C 2.0

Step-by-step explanation:

x-1.4 =0.6

add 1.4 to both sides

x=2.0

Use the given graph of f to find a number such that if 0 < |x − 3| < then |f(x) − 2| < 0.5.

Use the given graph of f to find a number such that if 0 &lt; |x 3| &lt; then |f(x) 2| &lt; 0.5.

Answers

Answer:

x=3, = -2

Step-by-step explanation:

help!!! 109 pts im begging you guys

help!!! 109 pts im begging you guys
help!!! 109 pts im begging you guys
help!!! 109 pts im begging you guys

Answers

Answer:

Step-by-step explanation: Inverse property of addition

Mrs. Grudman bought a dishwasher at a special sale. The dishwasher regularly sold for
$912. No down payment was required. Mrs. Grudman has to pay $160 for the next six
months. What is the average amount she pays in interest each month?

Answers

Answer:

So let's take a look into the question, "Mrs. Grudman bought a dishwasher at a special sale. The dishwasher regularly sold for

$912. No down payment was required. Mrs. Grudman has to pay $160 for the next six months. What is the average amount she pays in interest each month?"

Step-by-step explanation:

So, " Mrs. Grudman has to pay $160 for the next six months" they want us to multiply, $160

              x

                    6

              _______

                  960

So, 960 is your answer. Hope this helps!    

The average amount she pays in interest each month will be $8.

What is an expression?

Mathematical expression is defined as the collection of the numbers variables and functions by using operations like addition, subtraction, multiplication, and division.

Given that;

The dishwasher regularly sold for $912.

No down payment was required.

Mrs. Grudman has to pay $160 for the next six months.

Now,

The total amount pay by Mrs. Grudman = 6 x $160

                                                             = $960

Thus, The average amount she pays in interest each month is;

= (960 - 912) / 6

= $8

Thus, The average amount she pays in interest each month will be $8.

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How is the graph of y=4(2)^x+3 translated from the graph of y=4(2)^x

Answers

Answer:

Vertical movement: Move up 3 units

or

Horizontal movement: Move left 3 units

Step-by-step explanation:

If your parent equation is \(f(x) = 4(2)^{x}\) and your child equation is \(f(x) = 4(2)^{x} + 3\), then it has vertically moved up 3 units.

If your parent equation is \(f(x) = 4(2)^{x}\) and your child equation is \(f(x) = 4(2)^{x+3}\), then it has moved horizontally left 3 units.

Answer:

Translation upwards of 3 units.

Step-by-step explanation:

The + 3 moves the whole graph up 3 units.

f(x) ---> f(x) + 3.

( I have assumed that The + 3 is not part of the exponent).

Help please I’ll give extra points and brainlist

Help please Ill give extra points and brainlist

Answers

Answer:

Step-by-step explanation:

Probably D,  he's measuring voltage across the wire.. and then across the light bulb,   there would be very little across the wire and a lot across the light bulb

Suppose you have 57 coins in a jar consisting entirely of dimes and quarters, worth a total of $10.65. How many dimes are in the jar?

Answers

Answer:

  24

Step-by-step explanation:

Let d represent the number of dimes. Then (57-d) is the number of quarters, and the total value (in cents) is ...

  10d +25(57 -d) = 1065

  -15d +1425 = 1065 . . . . . . simplify

  -15d = -360 . . . . . . . . . . subtract 1425

  d = -360/-15 = 24 . . . divide by the coefficient of d

There are 24 dimes in the jar.

Find the missing angle in the triangle,

36°
111°

Answers

Answer:

33°

Step-by-step explanation:

you add the two numbers together and subtract from 180° to get your answer

If ∠A and ∠B are complementary angles and m∠B = 68°, find m∠A.

Answers

Answer:

∠A = 22°

Step-by-step explanation:

complementary angles is either of two angles whose sum is 90°

∠A + ∠B = 90°

m∠B = 68°

∠A + 68° = 90°

subtract 68 from both sides

∠A + 68° - 68 = 90° - 68

∠A = 22°

Answer:

22°

Step-by-step explanation:

complementary angles sum up to 90°

M<A+M<B= 90° ( complementary angles)

M<A+ 68° = 90°

M<A = 90-68= 22°

M<A= 22°

A car travels 320 miles in 7.5 hours. If the car continues at the same rate, how far
will it travel in 12 hours?

Answers

Answer:

512.04

Step-by-step explanation:

first you need to find out how many miles it goes in 1 hour so 320 divided by 7.5 which is 42.67

then take 42.67 and multiply it by 12

hope this helps!!

Answer:450

Step-by-step explanation:

PLEASE HELP FAST !!!!!
The distribution of pitches thrown in the
80 at-bats in a baseball game is as follows.
Pitches 1 2 3 4 5
Frequency 12 16 32 12 8
Find the relative frequency that the pitcher
will throw exactly 4 pitches in an at-bat.
?
Relative Frequency =
Do NOT simplify your answer.

PLEASE HELP FAST !!!!!The distribution of pitches thrown in the80 at-bats in a baseball game is as follows.Pitches

Answers

The relative frequency of the pitcher throwing exactly 4 pitches in an at-bat is given as follows:

3/20.

How to calculate a relative frequency?

A relative frequency is calculated as the division of the number of desired outcomes by the number of total outcomes.

The total number of at bats in this problem is given as follows:

80.

In 12 of them, the pitcher threw exactly four pitches, hence the relative frequency of the pitcher throwing exactly 4 pitches in an at-bat is given as follows:

12/80 = 3/20.

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Select the correct answer.
Evaluate the following expression when x = -4 and y = 4.

x
6



x
4

y

A.

1
,
025
4


B.

1
,
023
4


C.

16
,
385
4


D.


1
,
023
4


Select the correct answer.Evaluate the following expression when x = -4 and y = 4.x6x4y A. 1,0254 B.

Answers

Answer:

1023/4

Step-by-step explanation:

shown in the picture

Select the correct answer.Evaluate the following expression when x = -4 and y = 4.x6x4y A. 1,0254 B.

True or False? The graph of sine can be used to construct the graph of the secant function.

Answers

True

Note that:

\(secant \theta = \frac{1}{cos\theta}\)

The graph of sine and cosine functions are very similar. They only have a shift in the x -axis.

That is,  sin x  =  cos (90  -  x)

Since there is a great similarity between the sine and cosine graphs, and the secant graph is an inverse of the cosine graph, the graph of sine can be used to construct the graph of the secant function

Mathematically:

since  sec x  =  1 / cos x

and, cos x = sin (90 - x)

therefore, sec x = 1 / sin (90 - x)

The graphs of the sine and secant functions are attached to this solution

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True or False? The graph of sine can be used to construct the graph of the secant function.
True or False? The graph of sine can be used to construct the graph of the secant function.

It took Marjorie 15 minutes to drive from her house to her daughter's school. If they school was 4 miles away from her house, what was her unit rate of speed?

Answers

The answer would be 3.75 miles por minute
The answer is 3.5 unite rate of speed per min

Henry's savings account has an APR of 3.65%, calculates interest daily, and
pays interest at the end of the month. If during the month of November, his
balance was $300 for the first 10 days of the month, $1200 for the next 10
days of the month, and $800 for the last 10 days of the month, how much
total interest did Henry earn in November?

Answers

To calculate the total interest earned by Henry in November, we need to calculate the interest earned on each of the three balances and then add them up.

First, we need to calculate the daily interest rate:

Daily interest rate = APR / 365 = 0.0365 / 365 = 0.0001

For the first 10 days, the interest earned on $300 is:

Interest = Principal x Daily interest rate x Time
Time = 10 days
Interest = 300 x 0.0001 x 10 = $0.30

For the next 10 days, the interest earned on $1200 is:

Interest = Principal x Daily interest rate x Time
Time = 10 days
Interest = 1200 x 0.0001 x 10 = $1.20

For the last 10 days, the interest earned on $800 is:

Interest = Principal x Daily interest rate x Time
Time = 10 days
Interest = 800 x 0.0001 x 10 = $0.80

Therefore, the total interest earned by Henry in November is:

Total interest = $0.30 + $1.20 + $0.80 = $2.30

Therefore, Henry earned $2.30 interest in November.

Solve the following differential equations:

Solve the following differential equations:

Answers

The general solution to the differential equation based on the information is y(x) = (1/2) x^4 e^(-3x) + C e^(-3x)

How to explain the equation

Based on the information, dy/dx + 3y = 2x³ e^(-3x)

The integrating factor is e^(∫3 dx) = e^(3x),

e^(3x) dy/dx + 3e^(3x) y = 2x^3 e^(3x - 3x)

d/dx (e^(3x) y) = 2x^3

e^(3x) y = ∫2x^3 dx = (1/2)x^4 + C

C is an arbitrary constant of integration.

y = (1/2) x^4 e^(-3x) + C e^(-3x)

The equation will be y(x) = (1/2) x^4 e^(-3x) + C e^(-3x)

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help I was never taught how to do this im confused

help I was never taught how to do this im confused

Answers

Answer:

36

Step-by-step explanation:

Area of a triangle = (bh)/2

Where b = base length and h = height

Given base length: 18ft

Given height: 4ft

This being known let's define the variables

b = 18

h = 4

Now to find the area we simply plug in these values into the formula

Area = (18)(4)/2

Simplify multiplication 18 * 4 = 72

Area = 72/2

Simplify division

Area = 36

find the inverse of each equation


find the inverse of each equation

Answers

The inverse of the equation is determined as \(y = \log_{6}(-3x)\).

option D is the correct answer.

What is the inverse of the equation?

The inverse of the equation is calculated by applying the following method;

The given equation;

y = - 6ˣ/3

The inverse of the equation is calculated as;

multiply through by 3

\(-3x = 6^y\)

Take the logarithm of both sides of the equation with base -6:

\(\log_{6}(-3x) = y\)

Finally, replace y with x to obtain the inverse equation as follows;

\(y = \log_{6}(-3x)\)

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