Colleen is 15 years from retiring. She opens an account at the Savings Bank. She plans to deposit
$10,000 each year into the account, which pays 1.7% interest, compounded annually.
a. How much will be in the account in 15 years?
b. How much interest would be earned?
Please put how to work it out!!!!

Answers

Answer 1

9514 1404 393

Answer:

  a) $169,234.59

  b) $19,234.59

Step-by-step explanation:

The first question you must answer is whether Colleen will earn interest on her first deposit in the first year. That is, does she deposit the money at the first of the year or the end of the year?

The usual "annuity" formula assumes the deposit is at the end of the year, so no interest at all is earned on the last deposit made. If the deposit is at the first of the year, an "annuity due" formula is used, that multiplies the entire ending account value by the annual multiplier, 1.017 in this case.

__

a) Assuming an "annuity", the formula is ...

  A = P((1 +r)^t -1)/r . . . . . for annual compounding at rate r for t years

  A = $10,000(1.017^15 -1)/0.017 = $169,234.59 . . . . ending balance

__

b) Colleen has made 15 deposits of $10,000, for a total of $150,000, so the amount of interest earned is ...

  $169,234.59 -150,000 = $19,234.59 . . . . interest earned


Related Questions

which is the equation of a line that has a slope of negative 2/3 and passes through Point -3 and -1​

Answers

Answer:

y=2/3x+1

Step-by-step explanation:

y=mx+b          (-3,-1)

subsitute

-1=2/3(-3)+b

solve

b=1

substitute into the original equation:

y=2/3x+1

Which of the following systems of inequalities would produce the region indicated on the graph below? ​

Answers

Answer:

b

Step-by-step explanation:

If Jim Roller can paint a room in 3 hours while John Brush would take 5 hours, how long will they take if they work together? 1/8 hour 8/15 hour 1 7/8 hours

Answers

Answer:

Step-by-step explanation:

Each hour, Jim does 1/3 of the job if working alone.

Each hour, John does 1/5 of the job if working alone.

Let x = number of hours to do the job if they work together.  So, each hour, they do 1/x of the job when they work together.

We get the equation:  1/3 + 1/5 = 1/x

Multiply the equation by the LCD, 15x:   5x + 3x = 15

                                                                             8x = 15

                                                                               x = 15/8 = 1 7/8 hrs

ANSWER:  (C).  

Answer is C


Explicación

Help plz:)))I’ll mark u Brainliest

Ok ✅

Answers

Answer:

B.

I hope it will be useful.

Step-by-step explanation:

ΔACB is congruent to ΔXZY!!

Hint : Interchange the position or simply drag your perception of seeing the Δ.

The slope of the line below is - Write a point-slope equation of the line
using the coordinates of the labeled point.

Answers

Answer:

[tex]y +9 = -4(x - 4)[/tex]

Step-by-step explanation:

Given

[tex]m = -4[/tex] --- slope

[tex](x_1,y_1) = (4,-9)[/tex] --- point

See attachment for complete question

Required

Determine the line equation

This is calculated as follows:

[tex]y - y_1 = m(x - x_1)[/tex]

Substitute values for m, x1 and y1

[tex]y - (-9) = -4(x - 4)[/tex]

Simplify the expression on the left-hand side:

[tex]y +9 = -4(x - 4)[/tex]

HELP ME PLEASEE:( I don’t understand this

Answers

Answer:

Rider A 450   Rider B 360

Step-by-step explanation:

450 and 360 is correct

Identify the reciprocal of each number. Type it in the blank, using a slash () to show a fraction,
5/6
Answer:

Answers

Answer: 6/5

Step-by-step explanation:

When finding the reciprocal, we essentially just "flip" or take the inverse of the number we are given. For example, the reciprocal of 1/2 would be 2/1 or 2. The given number multiplied by the reciprocal should always equal 1. If it does, then we know we are correct.

In this case, we are finding the reciprocal of 5/6, so we "flip" the numerator and the denominator to get 6/5.

To check our work, we need to multiply our original number and its reciprocal.

5/6 x 6/5 = 30/30 = 1

Now, we know we are correct, that the reciprocal of 5/6 is 6/5.

Consider the binomial multiplication represented in this table.
A geometric model with 2 columns and 2 rows. The first column is labeled x with entries 2 x squared, A. The second column is labeled 7 with entries B, C. The first row is labeled 2 x with entries 2 x squared, B. The second row is labeled negative 3 with entries A, C.
Perform the binomial multiplication to determine the value of the letters in the table.
A =
B =
C =

Which letters from the table represent like terms?

Answers

Answer:

Perform the binomial multiplication to determine the value of the letters in the table.

A = –3x

B = 14x

C = –21

Which letters from the table represent like terms?

A and B

Answer:

The one above me is 100% correct

Step-by-step explanation:

I just did the assignment and it's correct.

PLEASE HELP!!! Which postulate (if any) should be used to show the triangles congruent?

Answers

Answer:

9. SSS

10. ASA

11. NONE

12. NONE

Step-by-step explanation:

9. The figure shows two triangles with two corresponding sides indicated to be congruent to each other. The third side is shared by both triangles. Therefore, by the SSS Congruence Theorem, both triangles are congruent to each other. Three sides of one triangle is congruent to the corresponding sides of the other.

10. The figure shows that two angles of one ∆ is congruent to two corresponding angles of the other ∆. Also, the triangles share a common side. This side is an included side between the two given angles. Therefore, by ASA Congruence Theorem, both triangles are congruent to each other.

11. This figure shows the two triangles have 3 corresponding equal angles. This is not enough to prove they are congruent.

12. The two triangles has two corresponding congruent sides given. However, we don't have enough information to determine if they are congruent to each other.

Need help Plz 38 points


Lydia collects shells. She has 24 sea snail shells,
16 conch shells, and 32 scallop shells. She wants
to display the shells in equal rows, with only one
type of shell in each row. What is the greatest
number of shells Lydia can put in each row?

Answers

Answer:

2

Step-by-step explanation:

32 divided by 16 is 2

Sandra left home with $200 in her wallet. Sandra spent 25% of her money on
shoes and 3/5 of her money on clothes. How much money does she have left?
Your answer

Answers

Answer:

$30

Step-by-step explanation:

shoes: 25/100(200)=

1/4(200)=50

she spent $50 on shoes

clothes: 3/5(200)=

she spent $120 on clothes

50+120=170

200-170=30

Compute the following: 5!

a. 60
b. 120 (correct)
c. 15
d. 5​

Answers

Answer:

120

Step-by-step explanation:

5!

=5×4!

=5×4×3×2×1

=120

Step-by-step explanation:

5!

= 5×4×3×2×1

=20×6

=120 is the correct answer

Why does warm water rise to the top of the ocean currents?

Answers

Answer:

In the ocean, warmer water expands just like any other matter, and following the principle of density, it rises to the top of the ocean. The cooler water, which is more dense than the warm water, sinks to the bottom and takes up the space left by the rising warm water. The result is a convection current.

Step-by-step explanation:

hope this helps :)

Answer:

because of climat change

Step-by-step explanation:

41
42
43
44
45
46
47
48
49
50
Which data set is the most spread from its mean?
026, 6, 20, 36
28, 15, 30, 15
49, 17, 4, 18
O 14, 20, 24, 30

Answers

Answer:

The set {49, 17, 4, 18}

Step-by-step explanation:

Notice that the set {49, 17, 4, 18} has a mean of (49+17+4+18)/ 4 = 22, and it is spread from the smallest value (4) in 18 units. This is the largest spread from the mean compared to the other 3 sets whose maximum spreads are: 16, 8,and 8.

what is 4 multiplied by 2/3 in fraction form

Answers

Answer:

Step-by-step explanation:

2 and 2/3 i believe

Answer:8/3

Step-by-step explanation:i don't know if you wanted improper or not

plz leave a like

Round the nearest 2 decimal places, 892/15=

Answers

Answer:

59.47

Step-by-step explanation:

a calculator might help

A lot is 60 m by 36 m. A house 28 m by 8 m is built on the lot. How much area is left​ over?

Answers

Answer:

1936 m2

Lot = 60 x 36 = 2160m^2

House = 28 x 8 = 224m^2

Area not covered by the house = 2160^2 - 224^2

= 1936m^2

Hope this helps !!

Question 11 of 25
What is the area of a triangle with a base of 9 units and a height of 7 units?
A. 126 sq. units
B. 63 sq. units
C. 31.5 sq. units
D. 15.75 sq. units
SUB

Answers

Answer:

triangle formula  1/2* base * height

Step-by-step explanation:

1/2*9*7 = 31.5 sq units

Find the average rate of change for the function over the given interval.

y=e^x between x=−2 and x=0

Answers

Answer:

The average rate of change for the function over the given integral

[tex]A(x) = \frac{e^{-2} -1}{2}[/tex]

Step-by-step explanation:

Explanation

Average rate of a function:-

We can define the average rate of change of a function from a to b

[tex]A(x) = \frac{f(b)-f(a)}{b-a}[/tex]

Given function f(x) = eˣ

Given interval      x = a = -2   and y = b = 0

f(a) = f(-2) = e⁻²

f(b) = f(0) = e⁰

[tex]A(x) = \frac{e^{-2} -1}{0-(-2)}[/tex]

The average rate of change for the function over the given integral



Lets say you run a restaurant. If you have around 60 customers everyday, and each of them pay 50$ per meal how long would it take to repay 300,000$ in debt?

Answers

Answer:

100 days

Step-by-step explanation:

If you have 60 customers that pay everday $50, 60 multiplied by $50 is $3,000 a day. You take your debt, 300,000 and divide that with the 3,000. Thus gives the answer 100 days.

Answer:

100 days

Step-by-step explanation:

First, you must take the 60 customers and multiply it by the $50 daily. That equals 3,000 dollars, so the restaurant is earning that much each day. In order to make 300,000 dollars, it would take 100 days. This is because 300,000/3,000 is 100. I hope this helps!:))

Question 14
The product of 3x²y3 and -4r^3 y^4 is ?

Answers

Answer:

I think the answer is -12r^3x^2y^7

Witch equation has the solution x=4

Answers

Answer:

C

Step-by-step explanation:

Answer:

C choice.

Step-by-step explanation:

We can either solve the equation or substitute x = 4 to find the true equation.

Solve The Equations

1. 4x=20

Our solution would be x = 5 as we move 4 to divide 20.

2. x/2=8

Our solution would be x = 16 as we move 2 to multiply 8.

3. x+8=3x

Our solution would be x = 4 which is the answer. We basically move x to subtract 3x as we get 8 = 2x.

Then we move 2 to divide 8 as we get x = 4.

[tex]x + 8 = 3x \\ 8 = 3x - x \\ 8 = 2x \\ \frac{8}{2} = x \\ x = 4[/tex]

4.

[tex]x = \frac{x + 5}{2} \\ 2x = x + 5 \\ 2x - x = 5 \\ x = 5[/tex]

We simply multiply the whole equation by 2 to get rid of the denominator.

In the figure a is parallel to b, what is the value of y?

Answers

Answer:

y = 60*

x = 30*

Step-by-step explanation:

the bottom angle is the same angle as y and it says 2x meaning that x is 1/2 of y. the full angle across the line is 180* so divide that by 3.

180 / 3 = 60

Marta’s math textbook weighs Four-fifths of a pound less than 4 times the weight of the book she is reading for her language arts class. If the weight of the math textbook is 2 and one-fifth pounds, which shows the correct equation and value of x, the weight of Marta’s book for language arts?
4 x + four-fifths = 2 and one-fifth; x = StartFraction 7 over 20 EndFraction of a pound
4 x minus four-fifths = 2 and one-fifth; x = three-fourths of a pound
4 x + four-fifths = 2 and one-fifth; x = three-fourths of a pound
4 x minus four-fifths = 2 and one-fifth; x = StartFraction 7 over 20 EndFraction of a pound

Answers

Answer:

4 x minus four-fifths = 2 and one-fifth; x = three-fourths of a pound

Step-by-step explanation:

i hope this helps ( I took the test and got it right)

Answer:

B

Step-by-step explanation:

Sales of a new line of athletic footwear are crucial to the success of a company. The company wishes to estimate the average weekly sales of the new footwear to within $200 with 95% reliability. The initial sales indicate that the standard deviation of the weekly sales figures is approximately $1400. How many weeks of data must be sampled for the company to get the information it desires

Answers

Answer:

188 weeks of data must be sampled.

Step-by-step explanation:

From the information given, we can deduce that:

The Margin of error is within = 200

The confidence interval = 95%

The level of significance = 1 - C.I

= 1 - 0.95

= 0.05

The standard deviation = 1400

The number of weeks the data must be sampled can be determined by using the formula for sample size which is:

[tex]n =( \dfrac{Z_{\alpha/2} \times \sigma}{E} )^2[/tex]

[tex]n =( \dfrac{Z_{0.05/2} \times 1400}{200} )^2[/tex]

[tex]n =( \dfrac{1.96 \times 1400}{200} )^2[/tex]

[tex]n =( \dfrac{2744}{200} )^2[/tex]

[tex]n =( 13.72)^2[/tex]

n = 188.24

n ≅ 188

Thus, 188 weeks of data must be sampled.

Determine how much time
required for an investment
to double in value if the
interest is earned at a rate
of 6.56%, compounded
Quarterly? Pick Best answer

Answers

Answer: 11 years

Step-by-step explanation:

You can use the Rule of 72 which is a way to calculate quickly, the time it will take for an investment to double given its interest rate.

It works by:

= 72 / Interest rate

Rate is compounded quarterly so the periodic rate is:

= 6.56%/4

= 1.64%

Time taken to double = 72/1.64

= 43.9 quarters

In years that is:

= 43.9/4

= 11 years

For an investment to double in value at an interest rate of 6.56% compounded quarterly, the period required is exactly 10.625 years.

What is an investment's future value?

The future value of an investment refers to the compounded value of its present cash flows in the future, using a stated interest rate.

The future value can be determined using the future value table or formula.

We can also determine the future value using an online finance calculator, which also enables us to determine the period required to double the present value of the investment at 6.56%.

Data and Calculations:

I/Y (Interest per year) = 6.56%

PMT (Periodic Payment) = 0

FV (Future Value) = $15,000

P/Y (# of periods per year) = 4

C/Y (# of times interest compound per year) = 4

Results:

PV = $7,513.52

Total Interest $7,486.48

N (# of periods) = 42.5 (10.625 years x 4)

The period = 10.625 years (42.5/4)

Thus, for an investment to double in value at an interest rate of 6.56% compounded quarterly, the period required is exactly 10.625 years.

Learn more about determining the required period of an investment at brainly.com/question/20392017

HELP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

b

Step-by-step explanation:

One of the diagonals of a rectangle a 20 cm long. The difference between its length and its width is 4 cm. Find the area of the rectangle?

Answers

Answer:

A = 192 cm²

Step-by-step explanation:

Given that,

The length of the diagonal of a rectangle is 20 cm.

The difference between its length and its width is 4 cm.

Let the length is l and width is b.

ATQ,

l-b = 4 ...(1)

Let x is the diagonal of the rectangle such that,

[tex]x^2=l^2+b^2[/tex]

or

[tex]20^2=l^2+b^2\\\\l^2+b^2=400[/tex] ....(2)

Now we need to solve equation (1) and (2).

Squaring equation (1) : [tex]l^2+b^2-2lb=16[/tex]

Put equation (2) in above equation.

[tex]400-2lb=16\\\\400-16=2lb\\\\2lb=384\\\\lb=192[/tex]

Since, the area of the rectangle, A = lb

A = 192 cm²

please help asap no trolls!

Answers

Answer:

t = 17

s = 46

Step-by-step explanation:

Congruent Triangles

If two triangles are determined to be congruent, their side lengths and angles have the same measure.

We are given the condition that triangles HIJ and DCB are congruent. This implies that sides JH and DB have the same measure, thus:

s = 46

We can also say that sides IJ and CB have the same measure, thus:

t = 17

A baker makes 120 cookies per hour. What is the rate of change in minutes?

a.10 cpm
b.2 cpm
c.1/2 cpm
d.12 cpm

Answers

One hour = 60 minutes
120 cookies/ 60 minutes
= 2 cookies per minute

Solution: B.
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