Suppose you invested $4,500 and it grew by 4% every year for 30 years. How much would this investment be worth after 30 years?

Suppose You Invested $4,500 And It Grew By 4% Every Year For 30 Years. How Much Would This Investment

Answers

Answer 1

Answer:

a) 14,595.29

Explanation:

We'll use the below compound interest formula to solve the given problem;

[tex]A=P(1+\frac{r}{n})^{nt}[/tex]

where A = future amount

P = initial amount = $4500

r = interest rate in decimal = 4/100 = 0.04

n = number of compounding periods = 1

t = time period = 30 years

Let's go ahead and substitute the above values into our formula and solve for A;

[tex]\begin{gathered} A=4500(1+\frac{0.04}{1})^{1\times30} \\ A=4500(3.24339751003) \\ A=14,595.29 \end{gathered}[/tex]

We can see from the above that the investment would be worth $14,595.29 after 30 years.


Related Questions

what is the 13 term of the sequence 2,6,18,54

Answers

Notice that:

[tex]\begin{gathered} 2=2\times3^0, \\ 6=2\times3^1, \\ 18=2\times3^2, \\ 54=2\times3^3. \end{gathered}[/tex]

Therefore, the rule to compute the nth term of the sequence is:

[tex]a_n=2\times3^{n-1}.[/tex]

Substituting n=13 in the above equation we get:

[tex]a_{13}=2\times3^{13-1}=2\times3^{12}=1062882.[/tex]

Answer: 1062882.

Please help, due in 3 minutes Skylar still owes $550 oh her cresit card from the previous month. Her annual interest rate is 18%. Approximately how much should the interest charges Be when she gets the bill

Answers

Answer:

$8.25

Explanation:

If she gets the bill each month, we need to calculate the monthly interest rate as follows

18%/12 = 1.5%

Because 18% is the annual rate and a year has 12 months.

Then, the interest charge will be 1.5% of the amount, so

$550 x 1.5% = $550 x 1.5 / 100 = $8.25

Therefore, the interest will be $8.25

QUESTION Calculate the cardinal number of the set Q containing all digits that make up the number = 2,309,585,628.

Answers

The cardinal number of a set can be said to be the number of distinct elements in a finite set.

Here, we have the number: 2,309,585,628.

We have the following elements:

2

3

0

9

5

8

6

Some elements occured twice here, no element is to be counted twice.

Thus,

Set Q = {2, 3, 0, 9, 5, 8, 5, 6, 2, 8}

The set Q has 7 elements

The cardinal number of set Q is 7

ANSWER:

n(Q) = 7

Will anyone help me with this question

Answers

The rectangle is divided by 5

The red part represents 2/5

The blue part represents 1/5

The sum 2/5+1/5=3/5, where the result is given by the 3 rectangles colored

Please help me on this problem (below the last line is this ( =____ ) couldn’t fit it into the photo)

Answers

The slope of a line is calculated with the following formula

[tex]\begin{gathered} slope=\frac{y_2-y_1}{x_2-x_1} \\ \end{gathered}[/tex]

From our exercise we have the following 2 points

[tex]\begin{gathered} (1,6)\to(x_1,y_1_{}_{}) \\ (2,3)\to(x_2,y_2) \end{gathered}[/tex][tex]slope=\frac{3_{}-6_{}}{2-1_{}}[/tex][tex]\begin{gathered} slope=\frac{-3_{}}{1_{}} \\ slope=-3_{} \end{gathered}[/tex]

Given g(x) =9x^2-18x+11, for what value (s) is g(x) =23

Answers

The values of x for which g(x) = 23 are x = 2.53 and x = -0.53

Determining the values of x for which g(x) = 23

From the question, we are to determine the value(s) for which g(x) = 23

From the given information,

The function is

g(x) = 9x² - 18x + 11

Now, we will substitute g(x) = 23

That is,

23 = 9x² - 18x + 11

Rearranging

9x² - 18x + 11 - 23 = 0

9x² - 18x - 12 = 0

Divide through by 3

3x² - 6x - 4 = 0

Now, solve the quadratic equation

3x² - 6x - 4 = 0

Using the general formula,

x = [-b±√(b²-4ac)]/2a

a = 3, b = -6, c = -4

x = [-(-6)±√((-6)²-4(3)(-4))]/2(3)

x = [6±√(36 + 48)]/6

x = [6±√(84)]/6

x = [6 ± 9.17]/6

x = [6 + 9.17]/6 OR x = [6 - 9.17]/6

x = 15.17/6 OR x = -3.17/6

x = 2.53 OR x = -0.53

Hence, the values of x are x = 2.53 and x = -0.53

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Muhammed has money to invest in one of two accounts.Account 1 requires a $2,000 investment for 4 years. It earns 3% interest compounded monthly.Account 2 requires a $2,200 investment for 2 years. It earns 5% interest compounded daily.Which account will earn more interest for Muhammed, and how much?Select the answer that is completely correct.Account 2 earns $232.39 more than Account 1.Account 1 earns $23.30 more than Account 2.Account 1 earns $18.87 more than Account 2.Account 2 earns $176.70 more than Account 1

Answers

Given:

Account 1:

Principal, P = $2000

Time, t = 4 years

Rate, r = 3% = 0.03

number of times compounded, n = monthly = 12 months/year

Account 2:

Principal, P = $2200

Time, t = 2 years

Rate, r = 5% = 0.05

number of times compounded, n = daily = 365 days/year

Let's determine the account which will earn more interest.

Apply the compound interest formula:

[tex]I=(P(1+\frac{r}{n})^{nt})-P[/tex]

Where:

P is the Principal

r is the interest rate

n is the number of times the ineterest is compounded per unit time'

t is the time in years

Now, let's find the interest earned in each account.

• ACCOUNT 1:

[tex]\begin{gathered} I=(2000(1+\frac{0.03}{12})^{12\times4})-2000 \\ \\ I=(2000(1+0.0025)^{48})-2000 \\ \\ I=(2000(1.0025)^{48})-2000 \\ \\ I=2254.66-2000 \\ \\ I=254.66 \end{gathered}[/tex]

The interest earned in account 1 is $254.66

• ACCOUNT 2:

[tex]\begin{gathered} I=(2200(1+\frac{0.05}{365})^{730})-2200 \\ \\ I=(2200(1+0.00013698)^{730})-2200 \\ \\ I=2431.36-2200 \\ \\ I=231.36 \end{gathered}[/tex]

The interest earned in account 2 is $231.36

We can see the interest earned in account 1 is greater than the interest earned in account 2.

To find the difference, we have:

$254.66 - $231.36 = $23.30

Therefore, Account 1 earns $23.30 more than Account 2.

ANSWER:

Account 1 earns $23.30 more than Account 2.

rhombus STUV is located at S(-5, 4), T (-1, 5), U(-2, 1), and V(-6, 0). If STUV is translated along the rule (x, y) (x + 7 , y - 8). in which quadrant will the new rhombus be located

Answers

rhombus STUV is located at S(-5, 4), T (-1, 5), U(-2, 1), and V(-6, 0). If STUV is translated along the rule (x, y) (x + 7 , y - 8). in which quadrant will the new rhombus be located​

we have that

the rule of the translation is

7 units at right and 8 units down

Verify each ordered pair

S(-5,4) -------> S'(-5+7,4-8) ------> S'(2,-4) (IV quadrant)

T(-1,5) ------> T'(-1+7,5-8) -----> T'(6,-3) (IV quadrant)

U(-2,1) -----> U'(5,-7) (IV quadrant)

V(-6,0) ----> V'(1,-8) (IV quadrant)

therefore

answer is (IV quadrant)

Felipe states that he can use the
inequality 1 ≤ x ≤ 4 to describe the domain
{1, 2, 3, 4} for a given function. Explain Felipe's
error.

Answers

For the inequality 1 ≤ x ≤ 4 given by Felipe  the domain of the function is stated as {1,2,3,4} which shows the error of x belongs to which set of numbers is not specified.

As given in the question,

Given inequality is equal to :

1 ≤ x ≤ 4

Domain of the given inequality function is given by :

x belongs to all real numbers as it is not specified which set of numbers x belongs.

Consider x as set of real numbers

Given domain is {1,2,3,4}

Error is Felipe needs to specify x must belongs to integers or natural numbers then only domain is {1,2,3,4} for the given inequality else there are infinite many numbers between 1 to 4.

Therefore, for the inequality 1 ≤ x ≤ 4 given by Felipe  the domain of the function is stated as {1,2,3,4} which shows the error of x belongs to which set of numbers is not specified.

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Label each situation with either a POSITIVE slope or a NEGATIVE slope :1) Earnings money each week =2) Withdraw money each month =3) Depositing your paycheck =4) A plane landing =5) The number of students is decreasing each year =6) A plane taking off =

Answers

Given in the question:

1) Earnings money each week = Earning is an addition to one's money, thus, we can say that this situation is a POSITIVE Slope.



2) Withdraw money each month = Widthrawing is a deduction to one's money, thus, we can say that this is a NEGATIVE Slope.



3) Depositing your paycheck = Depositing is adding money to your account, thus, we can say that this situation is a POSITIVE Slope.



4) A plane landing = A plane landing has its speed slowly decreasing until its speed gone to zero, thus, we can say NEGATIVE Slope.



5) The number of students is decreasing each year = A decreasing number of students is a deduction to the population of students, thus, we can say that this is a NEGATIVE Slope.



6) A plane taking off =​ A plane taking off has its speed accelerating, thus, we can say that this situation is a POSITIVE Slope.



A company that owed $2,000 paid early and got a $40 discount. What fraction of the amount owed was the discount? (Express As Fraction)

Answers

In order to find the fraction of the amount that the discount represents, we just need to divide the discount amount by the total value:

[tex]\frac{40}{2000}[/tex]

Now, to simplify this fraction, we can divide the numerator and denominator by 40:

[tex]\frac{40}{2000}=\frac{40\colon40}{2000\colon40}=\frac{1}{50}[/tex]

So the discount is 1/50 of the value paid.

Two sprinters, Nick and Ryan, want to find out who has the faster time when compared to each of their teams. Nick has a time of 10.8 seconds, and his team has a mean time of 11.4 seconds and a standard deviation of 0.4 seconds. Ryan has a time of 11.2 seconds, and his team has a mean of 11.5 seconds and a standard deviation of 0.1 seconds. Who has the faster time when compared to each of their teams?a) Nick b) Ryan c) The times are equal when compared to each of their teams.d) There is not enough information

Answers

Given data:

The time taken by Nick is 10.8 seconds.

The mean time taken by Nick is 11.4 seconds.

The given standard deviation of Nick is 0.4 seconds.

The time taken by Ryan is 11.2 seconds.

The mean time taken by Ryan is 11.5 seconds.

The given standard deviation of Ryan is 0.1 seconds.

The z-score of Nick is,

[tex]\begin{gathered} z=\frac{10.8-11.4}{0.4} \\ =\text{ -1.5} \end{gathered}[/tex]

The z-score of Ryan is,

[tex]\begin{gathered} z=\frac{11.2-11.5}{0.1} \\ =\text{ -3} \end{gathered}[/tex]

Thus, Ryan z-score is lower, so Ryan has the faster time when compared to each of their teams, option (b) is correct.

3. Given the degree and zeros of a polynomial function, identify the missing zero and then find the standard form of the polynomial.

Degree: 3; zero: 9, 8 - i

The missing zero is:
+
i

The expanded polynomial is:

x3 +
x2 +
x +

Answers

The equation of the polynomial equation in standard form is P(x) = x³ - 25x²+ 209x - 585

How to determine the polynomial expression in standard form?

The given parameters are

Degree = 3

Zero = 9, 8 - i

There are complex numbers in the above zeros

This means that, the other zeros are

Zeros = 8 + i

The equation of the polynomial is then calculated as

P(x) = (x - zero)^multiplicity

So, we have

P(x) = (x - 9) * (x - (8 - i)) * (x - (8 + i))

This gives

P(x) = (x - 9) * (x - 8 + i) * (x - 8 - i)

Evaluate the products

P(x) = (x - 9) * (x² - 8x - ix  -8x + 64 + 8i + ix - 8i + 1)

Evaluate the like terms

P(x) = (x - 9) * (x² - 16x + 65)

Express in standard form

P(x) = x³ - 16x² + 65x - 9x² + 144x - 585

Evaluate the like terms

P(x) = x³ - 25x²+ 209x - 585

Hence, the equation is P(x) = x³ - 25x²+ 209x - 585

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are two figures congruent if they have the same size and shape true or false

Answers

From congruence triangles, it is possible to see ED is congruent to DS because they are in the same line.

Answer: DS

Which angle forms a linear pair with

Answers

A linear pair angle must add up to 180 degrees. The angle that form a linear pair with angle MON is expressed below

[tex]\begin{gathered} \angle MON+\angle QOM=180\text{ degre}es \\ \text{therefore} \\ \angle MON\text{ and }\angle QOM\text{ are linear pair} \end{gathered}[/tex]

Given ABC below, with m C = 115°, a = 6, and b = 8, find the area of the triangle. Round your answer to the nearest tenth and do not include units in your answer.

Answers

ANSWER

Area = 21.8

EXPLANATION

Looking at the given triangle closely, you will notice it's a Non-Right Triangle.

Now, to find the area of Non-Right Triangle, we make use of the formula below:

[tex]\text{Area = }\frac{1}{2}ab\text{ sin C}[/tex]

From the question,

Calculate the speed at the edge of a disc of radius 8.5 cm that rotates at the rate of 2.5 rev/s.
Answer in units of m/s.

this is physics

Answers

Answer:

11 m/s

Step-by-step explanation:

cause 8.5 add 2.5 then 11 then m/s

vic sam and li volunteered at a food bank for 52 hours if sam worked 3 fewer hours then vic and 4 fewer then li how many hours did li work?

Answers

Answer:

Li worked for 19 hours.

Explanation:

Let's call x the number of hours that Vic worked, y the number of hours that Sam worked, and z the number of hours that Li worked.

They all work for 52 hours, so:

x + y + z = 52

Sam worked 3 fewer hours than Vic and 4 fewer than Li, so:

y = x - 3 or y + 3 = x

y = z - 4 or y + 4 = z

So, we can replace x and z on the first equation and solve for y as:

(y + 3) + y + (y + 4) = 52

y + 3 + y + y + 4 = 52

3y + 7 = 52

3y + 7 - 7 = 52 - 7

3y = 45

3y/3 = 45/3

y = 15

Then, replacing y by 15, we can calculate the value of x and z as:

x = y + 3

x = 15 + 3

x = 18

z = y + 4

z = 15 + 4

z = 19

Therefore, Li worked for 19 hours.

What is the solution to the inequality -4x < 8?x < -2x > -2x < -24x > -24

Answers

To find:

The solution of the given inequality -4x < 8.

Solution:

Given inequality is -4x < 8. Divide both sides by -4 to isolate x.

If we divide an inequality by a negative number, then the sign of inequality changes to its opposite. So, on dividing the inequality by -4,we get:

[tex]\begin{gathered} -4x<8 \\ \frac{-4x}{-4}<\frac{8}{-4} \\ x>-2 \end{gathered}[/tex]

Thus, the answer is x > -2.

answer (2 + 2) - 4 + 2

Answers

[tex](2+2)-4+2[/tex]

start by solving whats inside the parentheses

[tex]4-4+2[/tex]

solve the addition

[tex]\begin{gathered} 0+2 \\ 2 \end{gathered}[/tex]

In 1994, an outbreak of illness due to ice cream contaminated with the bacteria salmonella occurred in the United States. The outbreak affected an estimated 224,000 people.If the total population in the U.S. at that time was 260,000,000, which is the best estimate for the percentage of people who were affected?About 0.1%About 1%About 5%About 10%About 25%Complete the following statement: Approximately 86 out of every people in the United States were affected by the 1994 salmonella outbreak.

Answers

Given:

Population affected = 224,000

Total population = 260,000,000

To find the percentage, we use the formula:

[tex]\%=\frac{portion}{total}\times100[/tex]

Replacing information given, on the formula:

[tex]\%=\frac{224000}{260000000}\times100=0.086\%[/tex]

ANSWER: About 0.1%

I don’t know wether it is a independent or dependent variable.

Answers

To determine whether they are dependent or independent events:

1. According to the problem, Event 1 is a selection of a tile J out of 26 and the Event 2 is a selection of v in the remaining 25 tiles.

Event 1 affects event 2.

So, these are dependent events.

2. Similar to the first question, event 1 affects event 2. Because event 2 is depending on the first event.

So, these are dependent events.

3. According to the problem, event 1 does not affect event 2.

So, these are independent events.

4. According to the problem, she selects one trading card and then she returns the card back. After this, she selects the other card. So, event 1 does not affect event 2.

So, these are independent events.

5. Similarly to the fourth question, event 1 does not affect event 2 because of the dropped back of balls.

So, these are independent events.

confused on perimeter

Answers

The area will be, the area of the small square plus the area of the parallelogram plus the area of the rectangle.

The area of the square:

[tex]As=l\cdot l=2\cdot2=4in^2[/tex]

The area of the parallelogram:

[tex]Ap=B\cdot H=5\cdot3=15in^2[/tex]

The area of the rectangle:

[tex]Ar=l\cdot w=5\cdot2=10in^2[/tex]

Therefore:

[tex]\begin{gathered} A=As+Ap+Ar \\ A=4in^2+15in^2+10in^2 \\ A=29in^2 \end{gathered}[/tex]

3.8 decimals in words

Answers

The given figure is 3.8

3 is a whole number

The position of 8 is called the tenths position

Thus, in words, the decimal is

three and eight tenths

Find the exact length of the third side. 6 2

Answers

We can draw the triangle for clarification:

We can use the pythagoras theorem:

[tex]\begin{gathered} c^2=a^2+b^2 \\ b^2=c^2-a^2 \\ b=\sqrt[]{c^2-a^2}=\sqrt[]{6^2-2^2}=\sqrt[]{36-4} \\ b=\sqrt[]{32}=\sqrt[]{16\cdot2}=\sqrt[]{16}\cdot\sqrt[]{2} \\ b=4\cdot\sqrt[]{2} \end{gathered}[/tex]

The exact length of the third side is:

[tex]4\cdot\sqrt[]{2}[/tex]

72.200-2.803 rounded to the nearest whole number. It would be 69.397 But I need help rounding the answer..

Answers

Given the expression:

72.200 - 2.803

Let's perform the subtraction.

To perform the subtraction, we have:

Solving further:

Therefore, the answer is:

69.397

To round the answer to the nearest whole number, check if the number after the decimal is less than 5.

If the number is less then 5, then we are to write the answer without the decimal.

If the number is greater or equal to 5, we are to add 1 to the whole number and write without the decimal.

Here, the number after the decimal is 3 which is less than 5.

Therefore, the answer rounded to the nearest whole number is 69.

ANSWER:

69

Simplify this expression x^-12 x x^2. Assume that x is nonzero.

Answers

Answer:

x^-9

x^-12+x+x^3=x^-9

N62.1 2 3 4 5The box plot displays the data on the response times of 100 mice to seeing a flash of light. Howmany mice are represented by the rectangle between 0.5 and 1 second?0.20.30.411.11.20.5 0.6 0.7 0.8 0.9response time in seconds

Answers

The box plot shows all four quartiles of the data set. Each quartile represents 25 percent of the observed data.

Note that the rectangle between 0.5 and 1 second represents the 2nd and 3rd quartiles. That means, the 2nd 25 percent and the tird 25 percent of the mice population in this experiment.

Therefore, the rectangle represents 50 percent of 100 mice, that is 50 mice.

-7(w— 4) + Зw – 27Simplify it help ASAP

Answers

-7(w - 4) + 3w - 27

Expand

-7w + 28 + 3w - 27

Simplify like terms

-7w + 3w + 28 - 27

Result

-4w + 1

Find the area of triangle ABC.A = 37.2°, b = 10.1 in., c = 6.2 in.A. 19 in²B. 20 in²C. 17 in²D. 18 in²

Answers

Given:

A = 37.2°

b = 10.1 in

c = 6.2 in

Let's find the area of the traingle.

To find the area, apply the formula below:

[tex]\text{Area}=\frac{1}{2}\ast b\ast c\ast\sin A[/tex]

Hence, we have:

[tex]Area=\frac{1}{2}\ast10.1\ast6.2\ast\sin 37.2[/tex]

Solving further:

[tex]\begin{gathered} \text{Area}=\frac{1}{2}\ast10.1\ast6.2\ast0.605 \\ \\ \text{Area}=18.9\text{ }\approx19in^2 \end{gathered}[/tex]

Therefore, the area of triangle ABC is 19 square inches

ANSWER:

A. 19 in²

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