You plan to invest $100 per month for the next 10 years into an account that pays 8% with daily compounding. How much will you have in the account in 10 years?

Answers

Answer 1

Answer:

FV= $18,213.18

Step-by-step explanation:

First, we need to calculate the monthly real interest rate:

Daily interest rate= 0.08/360= 0.00022

Monthly interest rate= (1.00022^30) - 1

Monthly interest rate= 0.0066

Assuming a year of 360 days, and months of 30 days.

Now, we can determine the future value of the investment:

Monthly deposit= $100

Number of periods= 10*12= 120

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {100*[(1.0066^120) - 1]} / 0.0066

FV= $18,213.18


Related Questions

Shopping spree. Greg is shopping in a large urban depart-

ment store with many floors. He enters the store on the

middle floor from a skyway, and he goes directly to the

credit department. After making sure his credit is good, he

goes up three floors to the housewares department. Then

he goes down five floors to the sporting goods department.

Next, he goes up six floors to the media department. Finally,

he

goes

down ten floors to the main entrance to the store on

the first floor at ground level and leaves to go to another store.

How many floors does this department store have if it has no

basement?

Answers

Answer:

12 floors

Step-by-step explanation:

middle +3 floors= +3 .

+3 - 5 = -2.

-2 + 6= +4.

+4 - 10 = 6 x 2 = answer 12

to clarify the plus or minus mean how many floors he is above or below   the middle floor

Please help its7to10 it’s easy but I’m lazy

Answers

Answer:

sure

Step-by-step explanation:

A punch bowl contained 2 liters of soda, 1 liter of orange juice,
and 1 liter of raspberry juice.
Select the statements that are true.
The ratio of the entire punch bowl to the juices is 2 to 4.
The ratio of the orange juice to the raspberry juice is 1 to 1.
The ratio of the entire punch bowl to soda is 4 to 2.
The ratio of soda to the entire punch bowl is 1 to 4.
The ratio of orange juice to soda is 2 to 1.

Answers

Answer:

The ratio of the orange juice to the raspberry juice is 1 to 1.

The ratio of the entire punch bowl to soda is 4 to 2.

determine the slope of the line that passes through the points: f(0)=2 and f(3)=-1

Answers

The slope is -1 and here are the steps :)

How many solutions does this equation have? –7z − 7 = –4z + 8

Answers

-7z - 7 = -4z + 8
-7z + 4z = 8 + 7
-3z = 15
-z = -5
z = 5

2x to the power of negative 1, multiplied by 4x squared equals

Answers

Answer:

=-8x^3

Step-by-step explanation:

=2x^-1×4x^2

=-2x×4x^2

=-8x^3

(2x)⁻¹ × (4x)² = 8x

2x to the power of negative 1 is represented as follows

(2x)⁻¹

The value((2x)⁻¹) multiplied by 4x squared is represented as follows

(2x)⁻¹ × (4x)²

Therefore,

(2x)⁻¹ × (4x)²  = (2x)⁻¹ × 16x²

(2x)⁻¹ × 16x²  = [tex]\frac{1}{2x}[/tex] × 16x²

[tex]\frac{1}{2x}[/tex] × 16x²  = 8x

Read more here: https://brainly.com/question/17562073?referrer=searchResults

For Part A, use a piece of paper. For parts B-D, use the text box below.

A. Plot the data on a piece of paper. (make sure you label your axes and put a title). Draw a line of best fit.

B. Write an equation for the line of best fit.

C. What income would a person have if he attended school for 2 years? Explain how you got the answer.

D. How many years would you need to attend college in order to have an income of at least $50,000?

Answers

Answer:

wait you want me to answer this

Shelley just finished a new book about a time-traveling magician. She read the same amount every day and completed the book in just 10 days! The book had 85 pages. How many pages did Shelley read each day?

Answers

85/10 = 8.5
The reads 8.5 pages each day

Answer:

8 1/2

Step-by-step explanation:

What in 5 plus 5 divided by 2 plus 100

Answers

Answer:

1.02 looooooool

Answer:

107.5

Step-by-step explanation:

Make sure you use PEMDAS! (parentheeses, exponets, multiplication, divison, addition, and subtraction!)

So, 5/2 is 2.5 plus 100 is 102.5 plus another 5 is 107.5! Hope this helped :)

. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.)

Answers

Full question attached

Answer attached

Answer and Step-by-step explanation:

We are asked to find the percentage of each asset or liability in total assets and liabilities. To find  percentage of each asset or liability in the balance sheet, we divide the asset or liability's value(from each year in the balance sheet)  by total assets and liabilities for that year and multiply by 100:

P = 2x + 2y
solve for x

Answers

Answer:

x = [tex]\frac{p}{2}[/tex] - y

Step-by-step explanation:

Answer:

x=-y+P/2 or P/2-y=x

Step-by-step explanation:

. $7.45 + ‐$24.45 + $74.17 + ‐$76.52

Answers

Answer:

$-19.35 or -19.35 aprox

Step-by-step explanation:

Answer:

-19.35

Step-by-step explanation:

add positives and subtract negatives

Solve the following formula for
x

y=2mx+3b

Answers

Answer:

X=2m+3b/y. I th ink that the answer.

ANSWER PLSSS THANK YOUUUUU

Answers

Answer:

As a fraction: 81/100 (cannot be simplified) Decimal: 0.81 and a percent 81%

Step-by-step explanation:

Count the blocks and convert (you can also use an array.) Hope this helps you!

Answer:

Fraction: 81/100

Decimal: 0.81

Percent: 81%

Step-by-step explanation:

The box is a 10x10 so it has 100 squares inside.

There are 81 squares shaded so the fraction would be 81/100

To get the decimal just divide 81 by one hundred so the decimal is .81

As a percent is would be 81%

Hope this helps ya!!

An amount P at 4.5% for 12 years compounded monthly increased to $20000.00. What is P? (Round answer to cents)

Answers

P x 1.045^12 = 20000 divide by 1.045^12
P = 11793.28

can u peoples help me

Answers

I think it goes in the one line of symmetry

_________ 5) What is the average rate of change of the function g(x) = -2x +1 over the interval [5, 6]?

Answers

Answer:

-2

Step-by-step explanation:

They are asking for the slope. y2-y1/x2-x1

Make a table of results for the equation

x      y

5      -2(5)+1=-10+1=-9 Y1

6      -2(6)+1=-12+1=-11  Y2

-11--9=-11+9=-2

6-5=1

Average rate pf change os -2/1=-2

You newton, and Descartes volunteer this summer. You have 2 times as many volunteer min as newton Descartes have 5040 volunteer min altogether how many min do you volunteer

Answers

Complete question is;

You, newton, and Descartes volunteer this summer. You have 2 times as many volunteer min as newton and Descartes. You all have 5040 volunteer min altogether. how many min do you volunteer?

Answer:

2520 volunteer minutes

Step-by-step explanation:

You have 2 times as many volunteer minutes as Newton and Descartes.

Now, if Newton and Descartes each have x volunteer minutes, it means you have 2x volunteer minutes.

Since the total volunteer minutes of the 3 of you is 5040,then we have;

2x + x + x = 5040

4x = 5040

x = 5040/4

x = 1260

Since you have 2x volunteer minutes, then you have: 2 × 1260 = 2520 volunteer minutes

Ishaan is 3 times as old as Christopher and is also 14 years older than Christopher.
How old is Ishaan?

Answers

Answer:

Ishaan is 21. Christopher is 7.

Answer:  Ishann is 21 years old.

Step-by-step explanation:

In this situation, we will represent Ishaan age by the variable  y and we will represent Christopher's age by x.

Ishaan is 3 times as old as Christopher and that can be represented by the equation,   y = 3x  

He is also 14 years older, and it can also be represented by the equation,  

y = x + 14.  

y= 3x

y = x + 14  

Using both equations, substitute the value of y in one of the equations into the other.

x + 14 = 3x                   Solve for x .

-x           -x

 14 = 2x  

  x = 7  

This means that Christopher is 7 years old.

To solve for Ishaan's age , input the value of x into one of the equations.

 

y = 3(7)

y = 21.

Twice as many students go to the park than to the theater. Five more students go to the theater than to the museum. If 16 students go to the park, how many students go to the museum?

Answers

Answer:

3 students

Step-by-step explanation:

Twice as many students go to the park than to the theater :

Let number who go the theater = t

Number who goes to park = 2t

5 more students go to the theater than to the museum

Number who goes to museum = t - 5

If number of students who goes to park = 16

How many students goes to the museum :

2t = 16

t = 16/2

t = 8

Number who goes to museum = t - 5

t - 5 = 8 - 5 = 3

Hence, number of students who goes to the museum = 3

Calcula a través de sustitución, igualación, reducción y gráficas:

3x + 2y = 7 5x + 3y = 11
4x - 3y = -2 3x + y = 5

*Este problema se puede resolver de una sola forma o método (sustitución, igualación, reducción o en gráficas).

PROBLEMA:

En el cajero de un banco entrega a un cliente 40 monedas de 50 centavos y de un peso si lo que entrego importa $32 pesos, ¿cuántas monedas hay de cada denominación?

**SI NO TE SABES LA RESPUESTA POR FAVOR EVITAME EL QUE TE REPORTE Y NO RESPONDAS OTRRA COSA INADECUADA GRACIAS**

Answers

Answer:

2 different problems?

what’s 5 x 1/8? please explain how to do this problem too :)

Answers

Answer:

[tex]\frac{5}{8}[/tex]

Step-by-step explanation:

[tex]\frac{5}{1}[/tex] × [tex]\frac{1}{8} = \frac{5}{8}[/tex]  

I hope this helps!

Answer:

5/8 or 0.625

Step-by-step explanation:

multiply the numerator so that equals 5

multiply the denominator so that equals 8

the fraction answer is 5/8

the decimal answer is 0.625; this is because when you divide 5 and 8, you get 0.625

if you need more explanation, 5/1 times 1/8

just multiply across the top and bottom to get your answer

Infer Jamal is in a car going north. He looks out his window and thinks that the northbound traffic is moving very slowly. Ellen is in a car going
south. She thinks the northbound traffic is moving quickly. Explain why Jamal and Ellen have different ideas about the motion of the traffic.

Answers

Answer:

relax jamal dont pull up the 9

Step-by-step explanation:

write a equation that passes through the points 5,2 and 2,8

Answers

Answer:

y = -6/3x + 8

Step-by-step explanation:

please help this is due tomorrow!! (SQUARE ROOTS)
Ill give brainliest!! find the value
√b^6
3√-x^6
3√-y^9

Answers

To simplify a square root: make the number inside the square root as small as possible (but still a whole number):

Example: √12 is simpler as 2√3

Get your calculator and check if you want: they are both the same value!

Here is the rule: when a and b are not negative

√(ab) = √a × √b

And here is how to use it:

Example: simplify √12

12 is 4 times 3:

√12 = √(4 × 3)
Use the rule:

√(4 × 3) = √4 × √3
And the square root of 4 is 2:

√4 × √3 = 2√3
So √12 is simpler as 2√3

Another example:

Example: simplify √8

√8 = √(4×2) = √4 × √2 = 2√2
(Because the square root of 4 is 2)

And another:

Example: simplify √18

√18 = √(9 × 2) = √9 × √2 = 3√2
It often helps to factor the numbers (into prime numbers is best):

Example: simplify √6 × √15

First we can combine the two numbers:

√6 × √15 = √(6 × 15)
Then we factor them:

√(6 × 15) = √(2 × 3 × 3 × 5)
Then we see two 3s, and decide to "pull them out":

√(2 × 3 × 3 × 5) = √(3 × 3) × √(2 × 5) = 3√10
Fractions
There is a similar rule for fractions:

root a / root b = root (a / b)

Example: simplify √30 / √10

First we can combine the two numbers:

√30 / √10 = √(30 / 10)
Then simplify:

√(30 / 10) = √3
Some Harder Examples
Example: simplify √20 × √5√2

See if you can follow the steps:

√20 × √5√2
√(2 × 2 × 5) × √5√2
√2 × √2 × √5 × √5√2
√2 × √5 × √5
√2 × 5
5√2
Example: simplify 2√12 + 9√3

First simplify 2√12:

2√12 = 2 × 2√3 = 4√3
Now both terms have √3, we can add them:

4√3 + 9√3 = (4+9)√3 = 13√3.

Given the following system, the x-value of the solution is -1. Solve for y.

Answers

Answer
Y= 3
Y=3
Explanation
If you need to show work I can put it in the comments:)

Answer:

1. y=3

2. y=3

Step-by-step explanation:

Let's start with the first one, 2x-2y=-8...

Substitute x with -1 -----> 2(-1)-2y=-82 times -1 makes -2 so new equation is ---> -2-2y=-8Now add 2 on each side to get rid of 2 and get this ----> -2y=-6Now divide -6 by -2 to get this ---->  y=3

Let's start with the second one, 2x+2y=4

Substitute x with -1 -----> 2(-1)+2y=42 times -1 makes -2 so new equation is ---> -2+2y=4Now add 2 on each side to get rid of 2 and get this ----> 2y=6Now divide 6 by 2 to get this ---->  y=3

I hope my explanation and answer helps:)

is this right please tell me the right answer if not

Answers

Answer:yes

Step-by-step explanation:

x = 1 while(x < 26) print(x) x = x + 1 There is an error in the while loop. What should be fixed? Add a colon to the end of the statement Begin the statement with the keyword count Change the parentheses around the test condition to quotation marks Use quotation marks around the relational operator

Answers

Answer:

Add a colon to the end of the statement

Step-by-step explanation:

Given

x = 1

while(x < 26)

   print(x)

   x = x + 1

Required

Spot and fix the error

Every lines of the given code segment is correct except the second line.

The syntax of a while loop is:

while(condition):

Comparing while(condition): to while(x < 26),

we'll see that while(x < 26) has a missing colon.

So, the error in the program is a missing colon and the solution is (option a) adding a colon to the end of the while statement

So, the correct code segment is:

x = 1

while(x < 26):

   print(x)

   x = x + 1

is (-1 4) a solution of the inequality y ˂ 2x + 5

Answers

Answer:

Yes.

Step-by-step explanation:

1) Plug in the given numbers into the equation

4 < 2(-1) + 5

2) Simplify!

4 < -2 + 5

4 < 3

3) Is the statement 4 < 3 true?

Yes! 3 is less than 4, therefore this statement is true.

yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes yes

-2/5x + 3= 2/3x + 1/3

Answers

Answer:

x=2.5

Step-by-step explanation:

In this case, simplification can isolate x, so x=2.5.

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