You deposit $4000 in an account earning 4% interest compounded monthly. How much will you
have in the account in 15 years?

Answers

Answer 1

You deposit $4000 in an account earning 4% interest compounded monthly. After 15 years, you will have approximately $7224.44 in the account.

To calculate the future value of an account with compound interest, we can use the formula:

Future Value = Principal * (1 + (Interest Rate / Number of Compounding Periods))^(Number of Compounding Periods * Time)

In this case, the principal (initial deposit) is $4000, the interest rate is 4% (or 0.04 as a decimal), and the compounding is done monthly, so there are 12 compounding periods in a year.

Substituting these values into the formula, we have:

Future Value = $4000 * (1 + (0.04 / 12))^(12 * 15)

Calculating this expression gives us:

Future Value ≈ $4000 * (1.003333)^180

Future Value ≈ $4000 * 1.806111

Future Value ≈ $7224.44

After 15 years, you will have approximately $7224.44 in the account, considering the given interest rate and compounding frequency.

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Related Questions

8c^2+7c how do i solve this

Answers

Answer: look at the picture

Step-by-step explanation: Hope this help :D

A factory-made 100,000 jars of peanut butter. 50,000 of the jars contained creamy peanut butter. What percentage of the jars of peanut butter was creamy?

Write your answer using a percent sign (%).

Answers

Answer:

50%

hope this answer helps you!

The answer to a statistical question includes variability in data. Choose ALL examples of statistical questions es A) How much do the animals on the farm weigh? B) How old are all the teachers at the school? How old is the oldest teacher at the school? D How much does the black and white puppy weigh? E) How many students ate lunch in the cafeteria today?​

Answers

Answer:

A and C

Step-by-step explanation:NLE Choppa said so

Answer:

a and c

Step-by-step explanation:

which of the following could be factored by grouping?
a. wy+wz+xy-xz
b. wy+yz-wx+yz
c. wy+wz+xy+xz
d. wx+wz-wy+wv

Answers

Answer:

wy+wz+xy+xz

Step-by-step explanation:

C.) wy+wz+xy+xz  could be factored by grouping.

What is factorization by grouping?

Method of factorization by grouping the terms:

(i) From the groups of the given expression a factor can be taken out from each group.

(ii) Factorize each group.

(iii) Now take out the factor common to group formed.

= wy + wz + xy + xz

= w(y+z) + x(y+z)

= (w+x)(y+z)

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h = -16++64t + 960
A ball is thrown into the air with an upward velocity of 64 ft/s. Its height, h, after t
seconds is given by the function above,
When did the ball hit the ground?

Answers

Two Answer: h=64t+944 and look at the picture for the other answer and can I have Brainliest please I really need it.

Step-by-step explanation: Hope this help :D

who ever answer this get a brainliest and a thank you i need it answered asap

Answers

Answer:

a = 9

Step-by-step explanation:

For solve the problem we can use the Pythagorean theorem in this way

a^2 + (3√3)^2 = (6√3)^2

If we solve the equation we have

a^2 + 27 = 108

a^2 = 81

a = +/-9

we take only the the positive value because a length can’t be negative

a = 9

What would this answer be if i solved for x?

SOLVE FOR X

x + 67

x + 127

Answers

Answer:

X+67=0

X=-67

X+127=0

X=-127

Step-by-step explanation:

is the Square root of 18 divided by 3 a rational or irrational number? explain using full sentences

Answers

Answer:

irrational

Step-by-step explanation:

[tex]\sqrt{18}[/tex] = [tex]\sqrt{9}[/tex] · [tex]\sqrt{2}[/tex] which is the same as 3[tex]\sqrt{2}[/tex]

3[tex]\sqrt{2}[/tex] divided by 3 equals [tex]\sqrt{2}[/tex], which is irrational

A card is randomly selected from a standard deck of 52 cards.what is the probability that it is a 10 or a face card?

Answers

Answer:

In a deck of cards, there are 6 faced cards. So, the probability of drawing a faced card is 6 out of 52 cards. Thus, the probability of drawing a face card from a deck of cards is 6/52 = 3/26.

Step-by-step explanation:

Answer:

4/13

Step-by-step explanation:

There are 4 10 cards.

There are 12 face cards.

Probability of both:

4/52 + 12/52 = 16/52 = 4/13

Help plzz need the answer and that explanation plz don't send a file I need help with question 21!! thx so much

Answers

Answer:

No, they cannot be becuase the points are too different- no same numerical

values.

Step-by-step explanation:

A or B
Choose 1 answer:

Answers

Answer:

B

HOPE THIS HELPS

-Todo <3

Step-by-step explanation:

4 parts broken into 4 parts

Answer:

b

Step-by-step explanation:

since you are dividing by four, the graph must show 1/4 in for divisions.

Venus and Arian went berry picking. Venus picked 3 1/3 buckets of berries and Arian picked up 5 4/5 buckets. How many buckets of berries do they have altogether? If they need 11 full buckets, how many more buckets of berries do they need?

Answers

Answer: 9.13333333333

3 1/3+ 5 4/5=

Answer#2  1.86666666667

phoenix is a businessman who travels frequently he uses atms in many cities and does not write many checks he also uses direct deposit and has a savings account. Phoenix's bank is one of the four financial institutions described below which is most likely Phoenix's bank​

Answers

Answer:

Bank 3

Step-by-step explanation:

No additional charges for automatic deposit and includes saving account.

whats the answer to this ​

Answers

Answer:

Maybe 5?

Step-by-step explanation:

If not im really sorry!!!!!!!

Write an equation in standard form for a line that is perpendicular to the line with an equation of y=3x-5 that passes through the point (8,5)

Answers

Answer:

[tex]gradient \: of \: y = 3x - 5 \: is \: 3 \\ m = 3 \\ for \: perpendicular \: m {}^{.} \times m = - 1 \\ 3m {}^{.} = - 1 \\ m {}^{.} = - \frac{1}{3} \\ from \: \: y = mx + c \\ at \: (8,5) \: \: 5 = - \frac{1}{3} \times 8 + c \\ c = - \frac{15}{8} \\ hence \: \: y = - \frac{1}{3} x - \frac{15}{8} [/tex]

helppppppppppppppppppppppppppppppp

Answers

Answer:

that link is a scam do not click on it

Step-by-step explanation:

there are people going around typing this link it guves your phone a virus

For which of the figure(s) below would we calculate VOLUME?


A: Figure A only

B:figure B only

C:figures A and B

D:figures B and C

Answers

the answer is Figures B and C

You want to install a 1 yd wide walk around a circular swimming pool. The diameter of the pool is 23 yd. What is the area of the​ walk? Use 3.14 for π.

Answers

Answer:

415.48

Step-by-step explanation:

is the area

Find the volume of a baseball if the diameter is 2.86 inches

Answers

Answer:

8.1796

Step-by-step explanation:

2.86 x 2.86 = 8.1796

Find the exact length of each line segment.

AB=

GH=

Answers

Answer:

ab- 4.1

gh-31.36

Step-by-step explanation:

the straight line L passes through the points (0 , 12) and (10 , 4).

Find an equation of the straight line which is parallel to L and passes through the point (5 , -11).

Answers

Answer:

y = - [tex]\frac{4}{5}[/tex] x - 7

Step-by-step explanation:

The equation of a line in slope- intercept form is

y = mx + c ( m is the slope and c the y- intercept )

Calculate m using the slope formula

m = [tex]\frac{y_{2}-y_{1} }{x_{2}-x_{1} }[/tex]

with (x₁, y₁ ) = (0, 12) and (x₂, y₂ ) = (10, 4)

m = [tex]\frac{4-12}{10-0}[/tex] = [tex]\frac{-8}{10}[/tex] = - [tex]\frac{4}{5}[/tex] ← slope of line L

Parallel lines have equal slopes , then

y = - [tex]\frac{4}{5}[/tex] x + c ← is the partial equation

To find c substitute (5, - 11) into the partial equation

- 11 = - 4 + c ⇒ c = - 11 + 4 = - 7

y = - [tex]\frac{4}{5}[/tex] x - 7 ← equation of parallel line

The equation of the straight line which is parallel to L and passes through the point (5 , -11) will be;

⇒ y = - 4/5x - 7

What is Equation of line?

The equation of line in point-slope form passing through the points

(x₁ , y₁) and (x₂, y₂) with slope m is defined as;

⇒ y - y₁ = m (x - x₁)

Where, m = (y₂ - y₁) / (x₂ - x₁)

Given that;

The straight line L passes through the points (0 , 12) and (10 , 4).

And, The equation of the straight line which is parallel to L and passes through the point (5 , -11).

Now,

Since, The straight line L passes through the points (0 , 12) and (10 , 4).

So, Equation of line L is,

⇒ y - y₁ = (y₂ - y₁) / (x₂ - x₁) (x - x₁)

⇒ y - 12 = (4 - 12) / (10 - 0)  (x - 0)

⇒ y - 12 = - 8 / 10x

⇒ 10 (y - 12) = - 8x

⇒ 10y - 120 = - 8x

⇒ 10y = - 8x + 120

⇒ y = - 8/10x + 12

⇒ y = - 4/5x + 12

And, The equation of the straight line which is parallel to L and passes through the point (5 , -11).

So, We need to find the slope of the line.

Since, The slope of the parallel line is same.

Hence, Slope of the line is,

y = -4/5x + 12

m = dy/dx = - 4/5

m = - 4/5

Thus, The equation of line with slope 1- 4/5 is,

⇒ y - (-11) = - 4/5 (x - 5)

⇒ y + 11 = - 4/5 (x - 5)

⇒ 5 (y + 11) = - 4x + 20

⇒ 5y + 55 = - 4x + 20

⇒ 5y = - 4x + 20 - 55

⇒ 5y = - 4x - 35

⇒ y = - 4/5x - 7

Thus, The equation of the straight line which is parallel to L and passes through the point (5 , -11) will be;

⇒ y = - 4/5x - 7

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I Mark Brainliest ! No Bots Plz
Select All that apply

Answers

Answer:

i think its the second and third

Step-by-step explanation:

im not completely sure though so please dont get mad if its wrong

Oliver is performing an experiment by spinning a metal weight around on the end of a nylon thread. How far does the metal weight travel if it

completes 10 revolutions on the end of a 0.88 m thread?

Give your answer correct to one decimal place.

Answers

Answer:

27.7m

Step-by-step explanation:

Step 1

We find the Circumference of the nylon thread.

The formula = 2πr

The diameter of the thread = 0.88m

Radius = Diameter/2

= 0.88m/2

= 0.44m

Circumference = 2 × π × 0.44m

= 2.7646015352m

Approximately = 2.765m

Step 2

We calculate the distance

Number of revolutions = 10

Therefore, the Distance or how far the metal weight can travel =

Circumference of the wheel × Number of revolutions

= 2.765m × 10

= 27.65m

Approximately to 1 decimal place = 27.7m

HELPP!!!!!!!!!!!!!!!!

Answers

Answer:

D.4 3/4

Step-by-step explanation:

hope it helps you

If 9/10 is multiplied by 8/9 , will the product be greater than either of the two factors?

Answers

Answer:

No, both of the numbers are less than one whole and when you multiply them (I got 4/5) 4/5 is less than both of the factors.

Answer:

No

Step-by-step explanation:

It will not be because when a number is numtiplied by one, it stays the same. However, both of these are numbers less than 1, so the product will be smaller

The table represents some points on the graph of a linear function.
Х
-1
5
7
11
у
6
3
2.
o
What is the rate of change of y with respect to x for this function?
2
O
2
-2

Answers

Answer:

should i provide formula

Ben enters the water during a scuba dive. After 41 seconds of diving, his depth changes by - 29 feet. He wants to know his average change in depth each second. Write an expression for the average change in depth each second.

Answers

Answer:

-0.7073ft/sec

Step-by-step explanation:

Given the following

Distance covered by Ben = -29feet

Time taken = 41secs

Required

average change in depth each second(speed)

average change in depth each second = Distance/Time

average change in depth each second = -29/41

average change in depth each second = -0.7073ft/sec

Answer:

The answer is -29 divided by 41

1. Find the slant height of a square pyramid with a surface area of 57 square feet and a base perimeter of 12 feet

Answers

Answer:

Slant height = 8 feet.

Step-by-step explanation:

If the perimeter of the square base = 12 then each side of the base = 12/4

= 3  feet and its area = 3*3 = 9 ft^2

The area of one of the triangular sides = 1/2 * 3 * h where h is slant height.

So total surface area = 57 = 9 + 4 * 1.5h

9 + 6h = 57

6h = 48

h = 8 feet.

Santiago is trying to earn experience points in his newest game. He knows that finding
gophers will get him the most points. His number of experience points after his first attempt
can be represented by the linear equation - 24x + 2y = 900, where y represents Santiago's
total number of experience points and x represents the number of gophers he finds.
What is the slope of the line? What does this represent?
F The slope is 12; he earns 1 point for every 12 gophers he finds.
G The slope is 450; he earns 1 point for every 450 gophers he finds..
# The slope is 12; he earns 12 points for each gopher he finds.
J The slope is 450; he earns 450 points for each Igopher he finds.

Answers

Correct Answer is on the attached image

What percent of 80 is 32? Enter your answer in the box.

Answers

Answer: 40

Step-by-step explanation:

80 = 100%

40 = 50%

8 = 5%

5% x 4 = 20

8 x 4 = 32

32 = 20%

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Find a formula for a geometric sequence that begins with 11, -33, 99 isizulu HL grade 11 2021 Adina has a total of $1.65 in nickels and dimes. The number of dimes is 6 more than the number of nickels. How many coins are there of each type?Choose the correct system of equations needed to solve this problem.A0.10d+0.05n=60.10d+0.05n=60.10d+0.05n=6n+d=1.65n+d=1.65n+d=1.65Bd=n+6d=n+6d=n+60.05n+0.10d=1.650.05n+0.10d=1.650.05n+0.10d=1.65Cn=d+6n=d+6n=d+60.10d+0.05n=1.650.10d+0.05n=1.650.10d+0.05n=1.65Dn=d+6n=d+6n=d+60.05n+0.10d=1.650.05n+0.10d=1.650.05n+0.10d=1.65 Corny Snowflakes!!!!!!! A quantity with an initial value of 140 decays continuously at a rate of 4% per decade. What is the value of the quantity after 98 years, to the nearest hundredth?(pls answer) 213=22: Z=14 Select True or False for each equation as is stateO TrueO False5x=25 13. Find the measure of angle ABC. B 8x 6x 6x A HI PLEASE HELP!! WE ARE READING THE BOOK "THE GIVER"I PUT HISTORY BY ACCIDENT OMG IT'S ACTUALLY ENGLISH!! Hola me pueden ayudar la pregunta es: Canalizar Cristalino Novelesco y Felizmente que son Sustantivo Adjetivo Verbo Advervio Please help me on this question! And explain how you got your answer please! chemistry in formula of water When you solve x^2 - 8x + 7 = 0 what is the last step of the equationbefore you simplify to get the two answers? *O x = -4 13O x = 3 + 4O x = 4 + 3 Which of the following describes a seamount?A. ocean floor at the edge of a continental marginB. underwater mountain rangeC. sediment piled at the base of the continental slopeD. underwater volcano that is more than 1 km high En France, on sert toujours une salade verte au dbut d'un repas.TrueFalseNEXT QUESTIONASV COR irin explain the circulation of blood a prey population consists of individuals with a variety of running speeds. The adaption that allows some of these animals to run fast would be an example of natural selection if it helps them Pls help me!!!! Im stuck!!! 17% off a $35 dresser what is a substance? (helpp!! i will mark you as brainliest)Romeo and Juliet Persuasive Letterwrite a letter in which you attempt to persuade either Romeo or Juliets parents to end the feud between the Montague and Capulet families. This letter will be addressed to either Lord and Lady Montague or Lord and Lady Capulet. it has to be in 3 paragraphs.