The Franklins inherited $3,500, which they want to invest for their child's future college expenses. They use the following formula to calculate the value of their investment over time, where
A = value of the investment after years, P = principal invested, r = annual interest rate, and n = number of times compounded per year.
A = P(1 +
you
71
If they invest the inherited money at an annual rate of 8.25% with interest compounded monthly, what is the value of the account to the nearest dollar, after 5 years?

Answers

Answer 1

Answer:

1443.75 i think

Step-by-step explanation:

Answer 2

Thus,  Franklin has $5011 after 5 years for an annual rate of 8.25% with interest compounded monthly.

The Franklins inherited $3,500, which they want to invest for their child's future college expenses. Using formula [tex]A = p(1+r/n)^{nt}[/tex]
where A is the value of the investment after t years, P is the principal invested, r is the annual interest rate and n is the number of times compounded per year.
an annual rate of 8.25% with interest compounded monthly, what is the value of the account to the nearest dollar, after 5 years is to be determined.

What is Statistic?

Statistic is the study of mathematics which deal with relations between comprehensive data.

Using formula [tex]A = p(1+r/n)^{nt}[/tex]

[tex]A = 3500*(1+0.0825/12)^{12*5}\\A = 3500*(1+0.006)^{60}\\A = 3500*(1.006)^{60}\\A = 5011.25\\[/tex]
A ≈ 5011

Thus, Franklin has $5011 after 5 years for an annual rate of 8.25% with interest compounded monthly.

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Related Questions

If X = 10, find the value of the variable b. If your answer is not an integer, round to 2 decimal places.

Answers

10 root 2 = hypotenuse
a = leg

In a 45-45-90 triangle:
hyp divided by root 2 = leg
10 root 2 divided by root 2 equals leg
10 equals leg (a)
a = 10

a = long leg
b = short leg
c = hypotenuse

In a 30-60-90 triangle:
long leg divided by root 3 = short leg
10 / root 3 = short leg
short leg = 5.77 (b)

Hypotenuse = short leg * 2
Hyp = 5.77 * 2 = 11.55 (c)

Check using Pythagorean theorem:
a^2 + b^2 = c^2
10^2 + 5.77^2 = 11.55^2
100 + 33.4 = 133.4
133.4 = 133.4 :)

Eli weighed 6 pounds, 5 ounces when he was born.
How many ounces did he weigh?
I’M TIMED PLZ HURRY

Answers

101 ounces
Please mark branliest

Round to the nearest hundredth 54.19765

Answers

Answer:

54.20

Step-by-step explanation:

When you round you look at the number to the right of the number you're rounding. So you look at the 7. If it is larger than five (in this case it is) you round the number up.

54.20 hope you get a good grade

Evaluate the expression 8.952 + p for
p=0.276.

Answers

Answer:b

Step-by-step explanation:Evaluate the expression when a=−15 and b=−5.

Solve for v. 9 2 V-2 > 6​

Answers

Answer:

V>[tex]\frac{2}{23}[/tex]

Step-by-step explanation:

Expand this expression
.-(-5+ +12)

Answers

Answer:

-(-5+12)

opening bracket

-1×-5=5

-1×+12=-12

5+12=17

Answer: = -7

Step-by-step explanation:

you have to remove the + sign and the period and your answer will be -7

What is the value of 0X4 ?
WILL GIVE BRAINLIEST

Answers

Step-by-step explanation:

is they fhour the repondet

Answer:

B. 0! x 4 = 4

Step-by-step explanation:

0! is equal to 1 so

1 times 4 is 4

So the answer is

D
А
A
10
ол |
3
сл| -
alw

Answers

Answer:

1/5 is the answer eeeeeeeeeeeeee

B. 1/5
I’m pretty positive that’s the answer

Part A: Describe how you can use similar triangles to explain why the slope of the graph between points A and B is the same as the slope of the graph between points A and C. (4 points) Part B: What are the initial value and slope of the graph and what do they represent?

Answers

Answer:

ac

Step-by-step explanation:

i need help with this please

Answers

19.

I hope this answer helped! please mark brainliest and vote 5 stars >:)

Answer:

x=4

Step-by-step explanation:

i used mathaway

3x+2 = 7x-14

Please Help 15 points and brainliest for best answer thank you it's on the picture provided

Answers

Answer:

NO PICTURE

Step-by-step explanation:

In a certain chemical, the ratio of zinc to copper is 4 to 11. A jar of the chemical contains 418 grams of
copper. How many grams of zinc does it contain?
It contains
grams of zinc.

Answers

Answer:

Step-by-step explanation:

Zinc:copper = 4:11

Amount of zinc = 4x

Amount of copper = 11x

11x = 418

x = 38 grams

Amount of zinc = 4x = 152 grams

2. How many terms are there in the expression: 3a + 6

Answers

Answer: 2

Step-by-step explanation: That expression is a binomial in any case the terms in a polynomial are separated by a plus or minus sign (+,-) so you can determine the number of terms by counting how many number or variable are being separated (ex: 3a+a-1 would have 3 terms and be a trinomial)

Find the slope of a line with this information, "−12; (4,−5)". Write your answer in slope intercept form.

Answers

Answer:

y = -12x - 43

Step-by-step explanation:

"slope-intercept form" looks like y = mx + b.

We are given m = -12 and a point on the line which is (4, -5).

Substituting 4 for x, -5 for y and -12 for m, we get:

-5 = -12(4) + b.  Then b = -43, and the desired equation is y = -12x - 43.

Which ordered pair is a solution of y>2x-3?

A. (-1,-5)
B. (1,-5)
C. (2,3)
D. (2,-2)

Answers

Answer:

C. (2, 3)

Step-by-step explanation:

Given

y > 2x - 3

Substitute the values to verify which is correct

A. (-1, -5)

-5 > 2(-1) - 3 ⇒ - 5 > -5 False

B. (1, -5)

-5 > 2(1) - 3 ⇒ -5 > -1 False

C. (2, 3)

3 > 2(2) - 3 ⇒ 3 > 1 True

D. (2, -2)

-2 > 2(2) - 3 ⇒ - 2 > 1 False

Answer:

we have

y>2x-3

now

For

A. (-1,-5)

-5>-2-3

-5>-5

It is equal. So false.

B. (1,-5)

-5>2-3

-5>-1

-1 is not greater than -5

So false

For

C. (2,3)

3>2-3

3>-1

3 is greater than -1

So True

For

D. (2,-2)

-2>2-3

-2>-1

-2 is not greater than -1

So false

Please help for instant brainliest.

Answers

Answer:

20,20 :)

Step-by-step explanation:

Answer:

20, 20 is the answer so D

Step-by-step explanation:

Its too Ez

Please help. Find the value of x. Round to
the nearest tenth.
Enter the number that belongs in
the green box

Answers

Answer:

[tex]x =13.7[/tex]

Step-by-step explanation:

Given

See attachment

Required

Find x

The relationship between x, 47 and [tex]17^{\circ}[/tex] is:

[tex]sin(17^{\circ}) = \frac{x}{47}[/tex]

i.e.

[tex]sin(\theta) = \frac{Opposite}{Hypotenuse}[/tex]

Solving further:

[tex]sin(17^{\circ}) = \frac{x}{47}[/tex]

Make x the subject

[tex]x = 47 * sin(17^{\circ})[/tex]

[tex]x = 47 * 0.2924[/tex]

[tex]x =13.7428[/tex]

[tex]x =13.7[/tex] --- approximated

What is the area of this figure?

Answers

Answer:

75.398

Step-by-step explanation:

Round 342.296269789 to 2 decimal places.

Answers

Answer:

342.30

Step-by-step explanation:

342.296 would round up because 6 is higher than five. The 0.09 would round up to 0.10, making the 0.2 become a 0.3.

oh nawgs whats thay do to the bod :(

Answers

Answer:

lol

Step-by-step explanation:

.....................

hi i need help asap
10(y - 3) +(6y - 5)

Answers

Answer:

16y -35

Step-by-step explanation:

10(y-3)+(6y-5)

10y-30+6y-5

10y+6y  -30-5

16y -35

A counselor at the local chapter of Impulse Buyers Anonymous had just conducted a weekend workshop on how to be less suggestible. To find out if the workshop had any effect, she had each participant fill out a questionnaire that measured suggestibility, with high scores indicating high suggestibility. (Several such questionnaires exist.) Suppose that the national norm (mean) for the questionnaire that was used was 25 and that the participants produced the following statistics. Construct a 95 percent confidence interval and sentence of interpretation that tells about the effect of the workshop.ΣΧ = 242 ΣΧ2 = 5,413 N = 11

Answers

Answer:

(20.322 ; 23.678)

Step-by-step explanation:

Given that :

ΣΧ = 242 ; ΣΧ2 = 5,413 ; N = 11

Mean, m = ΣΧ / N = 242 / 11 = 22

Standard deviation = sqrt[(ΣΧ2/N) - (ΣΧ/N)²]

Standard deviation = sqrt[(5413/11) - (242/11)^2]

Standard deviation = sqrt(8.0909090) = 2.84

Confidence interval = m ± Zcritical * s/sqrt(n)

Zcritical at 95% = 1.96

Lower boundary = 22 - 1.96*2.84/sqrt(11)

Lower boundary = 22 - (1.96 * 0.8562922) = 20.322

Upper boundary = 22 + (1.96 * 0.8562922) = 23.678

(-12/45)+15/35-12/45+15/35 slove step vise​

Answers

Answer:

[tex]\frac{35}{105}[/tex]

Step-by-step explanation:

A lake is regularly fished by 200 fishermen. A study has found that 31% of the fish
in a lake are bass. Scientists determine there are approximately 16 000 fish in the
lake and that no more than one quarter of any type of fish should be taken out of
the lake in a year if the species is to survive. What is the limit on the number of
bass for each fisherman in one year?*
SHOW ALL STEPS OF YOUR CALCULATIONS

Answers

Answer:

Step-by-step explanation:

I think I had this question

0/0=? *please answer*

Answers

Answer:

0000000000000000000

Step-by-step explanation:

the equation equals any number so you could use a variable

so the answer unsimplified is infinity

The school band is having its end-of-year dinner at a local restaurant. The director wants to give the server a 20% gratuity, and the sales tax is 8.25%. He
will use the amount of the bill to find each additional amount.
Part A
Which components would the director use to write an equation to determine the total cost of the meal, given the amount of the bill, <?
Select all the components of the equation.
X+0.20
0.825x
0.20x
x+0.825
0.0825x
x

Answers

Answer:

Step-by-step explanation:

x is the amount of the bill

tax = 8.25% of x = 0.0825x

tip = 20% of x = 0.20x

total payment = x + 0.0825x + 0.20x = 1.2825x

The total cost of the meal is given by the equation A = x + 0.2x + 0.0825x and A = 1.2825x , where x is the initial cost of the meal

What is an Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

Let total cost of the meal be represented as A

Now , the equation will be

Let the cost of the meal be x

Let the tip percentage be = 20 %

Now , the sales tax percentage of the meal = 8.25 %

So , the total cost of the meal A = cost of the meal + ( tip percentage x cost of the meal ) + ( sales tax percentage of the meal x cost of the meal )

Substituting the values in the equation , we get

The total cost of the meal A = x + ( 20/100 )x + ( 8.25/100 )x

On simplifying the equation , we get

The total cost of the meal A = x + 0.2x + 0.0825x

The total cost of the meal A = 1.2825x

Hence , the equation is A = 1.2825x

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Jerry has two same size circles divided into same number of equal parts. One circle has has 3/4 of the parts shaded and the other has 2/3 of the parts shaded. His sister says the least number of pieces could be divided into 7,

Answers

Answer:

Step-by-step explanation:

What is the volume, in cubic cm, of a rectangular prism with a height of 8cm, a width of 2cm, and a length of 7cm?




Please , help .

Answers

Answer:

v = A x H = LxW xH = 7cm x 2cm x 8cm =112CM^3

Answer:

112 cm³

Step-by-step explanation:

In this question, we have to find the volume of a rectangular prism.

The formula to find the volume of a rectangular prism would be: V = L × W × H

To find the volume, plug in the values and solve.

Solve:

V = 7 × 2 × 8

V = 14 × 8

V = 112

This means that the volume of the rectangular prism is 112 cm³

Remember, volume is always represented with a exponent of 3, or cubed, in the unit.

Your answer would be 112 cm³

Mr. Saslow needs to buy a drink, chips and a sandwich for lunch. He has $15 to spend on his lunch. If
the total cost of the drinks and chips was 4 dollars, which inequality represents the dollar amount, d,
he can spend on a sandwich?
a. d < 11
b. d > 11
C. d < 19
d. d > 19

Answers

Answer:

a. d < 11

Step-by-step explanation:

4 + d < 15

d < 15 - 4

d < 11

Change 6 1/8 from a mixed number to an improper fraction

Answers

Answer:

5 9/8

Step-by-step explanation:

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