If you invest $1,200 into an account with an interest rate of 8%, compounded monthly, about how long would it take for the account to be worth $12,000?

Answers

Answer 1

Answer:

n= 346.37 months

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $1,200

Number of periods (n)= ?

Interest rate (i)= 0.08 / 12= 0.00667

Future Value (FV)= $12,000

To calculate the number of months required to reach the objective, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)  

n= ln(12,000 / 1,200) / ln(1.00667)

n= 346.37 months

In years:

346.37/12= 28.86 years


Related Questions

Which angle is congruent to <4 <1<2<5<8

Answers

Answer:

The angle that will be congruent to angle 4 is :

                             Angle 1

Step-by-step explanation:

It is given that:

angle 4 and angle 5 are complements.

Also, angle 1 and angle 5 are complements.

Congruent complementary Theorem--

It states that if two angles are complementary to the same angle, then the two angles are congruent to each other.

Here both angle 1 and angle 4 are complementary to the same angle i.e. angle 5.

6 STUP1D QUESTIONS FOR 100 POINTS

1. Why do British people never sound British when they sing?

2. Why do they call it 'head over heels in love if our head is always over our heels?

3. Can a hearse driver drive a corpse in the carpool lane?

4. Why is the name of the phobia for the fear of long words Hippopotomonstrosesquippedaliophobia?

5. If someone can't see, they're blind and if someone can't hear, they're deaf, so what do you call people who can't smell?

6. How do they get those boats in those glass bottles?

Answers

How do they get the cream inside of twinkies

In ΔSTU, the measure of ∠U=90°, UT = 12, SU = 35, and TS = 37. What ratio represents the secant of ∠T?

Answers

Answer: hi

Step-by-step explanation:

look at hers

Answer:

secT=

adjacent

hypotenuse

=

12

37

Step-by-step explanation:

A booster club sells raffle tickets • Before tickets go on sale to the public, 120 tickets are sold to student athletes. • After tickets go on sale to the public, the tickets sell at a constant rate for a total of 8 hours spread over I days. • At the end of this time, all tickets have been sold. If represents the hours since tickets go on sale to the public and represents the number of raffle tickets sold, which graph best represents the scenario?​

Answers

Answer:

The top graph.

Step by step:

Before the tickets go on sale, 120 tickets were already sold.

After that, the tickets sell at a constant rate for a total of 8 hours.

At the end of this time, all the tickets were sold (we have 0 tickets left)

If x (horizontal axis) represents the hours since tickets go on sale, and y (vertical axis) represents the number of raffle tickets sold.

Then, at x = 0, we should already see y = 120

Because we start with 120 tickets sold.

Then, as x increases, the number of tickets sold also should increase, until we get x = 8 hours, where y stops increasing because all tickets are already sold.

Then we should have an increasing line that stops increasing at x = 8 hours.

Then the correct option is the above graph, where we have:

An increasing line.

y = 120 in the vertical axis (y = 120 when x = 0)

The marked price of a radio is Sh. 12600. If the shopkeeper can allow a discount of 15% on the marked price and still make a profit of 25%.At what price did the shopkeeper buy the radio?​

Answers

Answer:

13388

Step-by-step explanation:

12600 will be 100% so we want to get at what price its sold when there is a 15%dicount

So will minus 15% from the 100% of the Mp

100%-15%=85%

so if 100%=12600

what about 85%=?

we crossmultiply

85%×12600/100%=10710

so10710 is what the radio will be sold if a 15% dicount is given but we want to get wat price the shopkeeper got in that he made a profit of25%

so if 100%=10710

what about 125%

125%×10710/100%=13387.5 which is 13388/=

There are 244 seventh grade students. The number of students enrolled in P.E. Is 8 fewer than three times the number of students enrolled in health

Answers

Answer:

No. of students enrolled in Health = 63

No. of students enrolled in P.E. = 181

Step-by-step explanation:

Given,

Total students in grade seven = 244 students

A.T.Q.

Let the number of students enrolled in Health be x

so, The number of students enrolled in P.E. = 3x - 8

As we know,

x + (3x - 8) = 244

4x = 244 + 8

x = 252/4

x = 63

Thus, the number of students enrolled in Health = 63

The number of students enrolled in P.E. = 3x - 8

= 3 * 63 - 8

= 189 - 8

= 181 students

If money in a savings account earned 8% interest per annum, how much nterest would be earned on $150.00 over three years?

Answers

Answer:

$36

Step-by-step explanation:

Given :

Interest rate, r = 8% = 0.08

Principal, P = 150

Time, t = 3 years

Simple interest = (principal * rate * time)

Simple interest = (150 * 0.08 * 3)

Simple interest = $36

What is the volume of the following rectangular prism? height : 1 3/4
base : 1/2

Answers

Answer:

I need length, width, and height to find the volume, the equation is LxWxH

So it would be L x W x 1 3/4

Step-by-step explanation:

If you comment what the length and width is ill do it!

Please i need help. Thank you!

Answers

the answer is C i think

Two angles are supplementary. One angle measures 132 degrees. Find the measure of the other angle.

Answers

Answer:

48 degrees

Step-by-step explanation:

Supplementary angles add up to 180 degrees.

If one angle is 132 degrees, the other must be 48 degrees.

Help help help help help help

Answers

Answer: 19 mins

Step-by-step explanation:

hope this helps

Raffia went shopping for new furniture he bought a couch for $750 and a mattress for 950 dollars. When he came home he had $350 in his purse. How much money did he have when he left home. Please answer step by step will mark brainliest and thanks !!!!!!!!!!!

Answers

Answer:

$2050

Step-by-step explanation:

750+950+350

You have to add how much he spent and how much he had left over. He spent $750+$950=$1700. And he had $350 left so you add the $1700 he spent plus the $350 he had left over meaning he had $2050 to begin with.

If f(x) = 3x5 - 2x3 + 1, then f(-1) = ? A) -250 B) -248 C) -234 D) 0

Answers

Answer: D.0

Step-by-step explanation:  i know am right, make me brainliest

If 40% of a number is 14, find 20% of that number.

Answers

Answer:

7

Step-by-step explanation:

Because half of 40% is 20%

So 14%2 = 7

Bernard works for a business that sells and repairs tires. He can repair tires in an hour work day. What is Bernard's unit rate for the number of tires repaired in one hour?

Answers

Answer:

3 tires per hour

Step-by-step explanation:

Bernard works for a business that sells and repairs tires. He can repair 24 tires in an 8 hour work day. What is Bernard's unit rate for the number of tires repaired in one hour?

Number of tires repaired per day = 24 tires

Number of time used to repair tire per day = 8 hours

What is Bernard's unit rate for the number of tires repaired in one hour?

Number of tires repaired in one hour = Number of tires repaired per day / Number of time used to repair tire per day

= 24 tires / 8 hours

= 3 tires per hour

The unit rate for the number of tires repaired in one hour is 3 tires per hour

Which expression can be used to calculate the area of a circle?
Pi times diameter
2 times pi times radius
Pi times diameter times diameter
Pi times radius times radius


help plz

Answers

Area of a circle = pi x radius(squared)

What is 1/4 of 32? Whoever answers first gets Brainliest.

Answers

Answer:

8

Step-by-step explanation:

it is

Answer:

8

Step-by-step explanation:

1/4 of 32

1/4 = 25%

25% of 32

32 × 25 ÷ 100

= 8

or

32 ÷ 4 =8

Andrea reads 36 pages each night. How many pages does Andrea read in 42 nights?

A 1,502pages

B 1,512pages

C 1,552pages

D 1,582pages

Answers

Answer:

1,512

Step-by-step explanation:

36x42


8. Jack is going to paint the ceiling and four
walls of a room that is 10 feet wide, 12 feet
long, and 10 feet from floor to ceiling. How
many square feet will he paint?
(A) 120 square feet
(B) 560 square feet
(C) 680 square feet
(D) 1,200 square feet

Answers

Answer:

D

Step-by-step explanation:

PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!!PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!! PLSSS HELPPPP I WILLL GIVE YOU BRAINLIEST!!!!!!

Answers

Answer:

Infinitely many solutions

Step-by-step explanation:

7x - 11 = 5(x - 2) + 2x - 1

7x - 11 = 10x - 10 + 2x - 1

7x - 11 = 7x - 11

No matter what number you plugin, it will always be equal.

1) 7x-11 = 5(x-2)+2x-1

2) 7x-11=5x-10+2x-1

3)7x-11=7x-11

4)0=0

5)Would cancel each other out.

6) So I guess no solutions?

Much help is needed________

Answers

Answer:

it is 14

Step-by-step explanation:

Answer:

C) 14

Step-by-step explanation:

Volume of a Sphere:

V = 4/3πr³

V = 4/3(3.14)1.5³

V = 4/3(3.14)3.375

V = 14.13

14.13 ≈ 14

I've got a problem and I need solving! Please find the answer.​

Answers

Answer: x= 4y/7 - 1/7

7x/4+ 1/4

Step-by-step explanation:

4/5 divided by 2/7 in simplest form

Answers

Answer:

2 4/5

Step-by-step explanation:

4/5 divided by 2/7 is 2.8. 2.8 in the form of a fraction is 2 4/5.

The fraction 4/5 divided by 2/7 in the simplest form, is 14/5.

Given that, (4/5) divided by (2/7).

To divide fractions, multiply the first fraction by the reciprocal of the second fraction

Let a, b, c and d be real numbers. Divide a fraction (a/b) by another fraction (c/d), we can multiply the first fraction by the reciprocal of the second fraction.

The reciprocal of a fraction is obtained by swapping the numerator and denominator. So, the reciprocal of (c/d) is (d/c).

To divide (a/b) by (c/d), multiply the first fraction by the reciprocal of the second fraction:

(a/b) ÷ (c/d) = (a/b) x (d/c)

Multiplying the numerators and denominators:

(ad) / (bc)

Therefore, the result of (a/b) divided by (c/d) is (ad) / (bc).

To simplify this expression, and multiply the first fraction by the reciprocal of the second fraction:

(4/5) x (7/2)

Multiplying the numerators and denominators:

(4 x 7) / (5 x 2)

Simplifying the numerator and denominator:

28 / 10

To further simplify the fraction, and divide both the numerator and denominator by their greatest common divisor, which is 2:

28 ÷ 2 / 10 ÷ 2

This gives us:

14 / 5

Therefore, the fraction 4/5 divided by 2/7, in the simplest form, is 14/5.

Learn more about dividing fractions and simplifying fractions, click here:

https://brainly.com/question/10354322

#SPJ6

I'm begging you please please help please please ASAP please please help please please ASAP please please help please please ASAP please please help please please ASAP

Answers

Answer:

15

Step-by-step explanation:

the height of the person is y = 6 and the distance from the ladder is also 6 = x. To find the angle formed by the ladder we use [tex]arctan(\frac{y}{x})[/tex] which in this case is

[tex]arctan\frac{6}{6} = arctan(1)\\= 45 degrees[/tex]

now we know that the person is 9 feet away from wall and 6 feet away from the ladder so the total x distance is 9+6 = 15 = x

to find y we use tan(45) = [tex]\frac{y}{x}[/tex]

multiply both sides by x = 15 and simplify to get y = 15

Convert:
35 pounds, 24 ounces=_ ounces​

Answers

Answer:

Step-by-step explanation:

1 pound = 16 ounces

35 pounds = 560 ounces + 24 ounce = 584ounces

35 pounds,24ounces = 16 ounces

Simplify w x 12 x 3
Helppp

Answers

Answer:-x • (w2 - 12)

 ——————————————

       3w      

Mrs, carp's class has 11 boys and 17 girls. what is the probability that she will randomly chose a girl first and then a boy?

Possible answers ⇒
0.18
0.24
0.33
0.48

WILL GIVE BRAINLIST

Answers

the answer is 0.18, because if you add 11 and 9 you get 20. which means there is 20 total students in the class. the probability of choosing a girl would be 9/20 The probability of choosing the 2nd girl = number of remaining girls / number of all students minus the chosen girl = 8/19
Then , the probability of choosing two girls is :
The probability of choosing 2 girls = 9/20 * 8 /19
= 72/380
= 18/ 95
then the probability of choosing 2 girls is 18/95 so the answer is 0.18

The diameter of a circle is 20 centimeters. What is the circumference?

Answers

C ≈ 62.83cm is the answer!

Hope this helps!

What he said great! Wow

please help! no links please!

Answers

The value of x is: 75°

360° - 128° - 85° - 72° = 75°

the answer is 75
all quadrilaterals equal 360°

I don't know how to do this, I wasn't paying attention in class

Answers

Answer:

39.837168574084177751131265854635

Step-by-step explanation:

If you plug it into a calculator, you get that.

Next time, please pay attention in class and save us all a little trouble.

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