Lucy is going to invest in an account paying an interest rate of 7% compounded daily. How much would Lucy need to invest, to the nearest dollar, for the value of the account to reach $84,000 in 6 years?

Answers

Answer 1

Answer:

Lucy needs to invest $55,194.16

Step-by-step explanation:

The given information are;

The interest rate of the account = 7% compounded daily

The amount at the end of 6 years = $84,000

The time duration = 6 years

The amount Lucy

The formula for compound interest is

[tex]A(t) = P \times \left ( 1 + \dfrac{r}{n} \right )^{n \times t}[/tex]

Where;

r = The interest rate = 7% = 0.07

n = The number of times a year = 365

t = The number years = 6 years

A(t) =  The amount after 6 years = $84,000

P = The initial amount invested

Therefore, we have;

[tex]\$ 84,000 = P \times \left ( 1 + \dfrac{0.07}{365} \right )^{365 \times 6}[/tex]

[tex]P = \dfrac{\$84,000}{\left ( 1 + \dfrac{0.07}{365} \right )^{365 \times 6}} =\dfrac{\$84,000}{1.522} = \$55,194.16[/tex]

Therefore, Lucy needs to invest $55,194.16.


Related Questions

In a particular​ year, a total 44,064 of students studied in two of the most popular host countries when traveling abroad. If 8382 more students studied in the most popular host country than in the second most popular host​ country, find how many students studied abroad in each country. There were ____ students who studied abroad in the most popular host country.

Answers

Step-by-step explanation:

Total=44,064

Host countries= 2

2nd most popular country= x

Popular country=x+8382

x+x+8,382=44,064

2x=44,064-8,382=35,682

2x=35,682

x=17,842

2nd most popular=17,842

Popular=17,842+8,382=26,224

Answer=26,224

There were students who studied abroad in the most popular host country by forming the equation is 26,224

How equations are formed?

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. We have LHS = RHS (left-hand side = right-hand side) in every mathematical equation. To determine the value of an unknown variable that represents an unknown quantity, equations can be solved. A statement is not an equation if it has no "equal to" sign. It will be regarded as a phrase.

Here, It is given:

Total number of students = 44,064

Number of Host countries= 2

Let the 2nd most popular country= x

So, the Popular country becomes x+8382

Now, According to the question:

⇒x+x+8,382=44,064

⇒2x=44,064-8,382=35,682

⇒2x=35,682

⇒x=17,842

Hence, The number of students in 2nd most popular country=17,842

And, The number of students in a popular country

= 17,842+8,382=26,224

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Which algebraic expression represents the phrase below?
five times the sum of a number and eleven, divided by three times the sum of the number and eight
5(x + 11) + 3(x + 8)
5x+11
3X+8
5(X+11)
3(x+8)
5x + 11 + 3x + 8

Answers

Answer:

[tex] \frac{5x + 11}{3(x + 8)} [/tex]

Step-by-step explanation:

[tex] \frac{5x + 11}{3(x + 8)} [/tex]

Five times the sum of a number and eleven, divided by three times the sum of the number and eight

Five times the sum= 5(_+_)

a number and eleven= x+11

divided= ÷ or /

3 times the sum of= 3(_+_)

the number and eight.

Together it will be

[tex]the \: \: one \: written \: in \: the \: answering \: section[/tex]

Hope this helps ;) ❤❤❤

Which table of values will generate this graph? On a coordinate plane, points are at (negative 2, 0), (0, 1), (0, negative 4), and (3, 0). A 2-column table with 2 rows. Column 1 is labeled x with entries negative 4, 1. Column 2 is labeled y with entries negative 2, 3. A 2-column table with 2 rows. Column 1 is labeled x with entries negative 2, 3. Column 2 is labeled y with entries negative 4, 1. A 2-column table with 4 rows. Column 1 is labeled x with entries negative 4, 0, 0, 1. Column 2 is labeled y with entries 0, negative 2, 3, 0. A 2-column table with 4 rows. Column 1 is labeled x with entries negative 2, 0, 0, 3. Column 2 is labeled y with entries 0, negative 4, 1, 0.

Answers

Answer:

Option D.

Step-by-step explanation:

The given points are (-2,0), (0,1), (0,-4) and (3,0).

In each ordered pair first element is x-coordinate and second is y-coordinate.

For 4 points, the table must have 2 columns and 4 rows.

So, the required table of values is

x         y

-2        0

0       -4

0        1

3        0

Therefore, the correct option is D.

The function f(t) = -6r+ 11 has the range {- 37. - 25. - 13, -1). Select the domain values from the list
1. 2. 3. 4. 5. 6. 7. 8. Justify your choices by explaining how you determined the domain values.

Answers

answer

-6r+-11=-37

-6r=-37+11

-6r=-48

r=8

Help!!!!! Thank you!!!!

Answers

Answer:

97

Step-by-step explanation:

5 * 85 - 4* 82 = 97

It is 97
Hope u understand
Thanks

the sum of x and y is twice x. y=

Answers

Answer:

y is x because if x+y is 2x then y must equal x

The sum of x and y is twice x. Then the value of y will be equal to x.

What is an expression?

Expression in maths is defined as the collection of the numbers variables and functions by using signs like addition, subtraction, multiplication, and division.

Numbers (constants), variables, operations, functions, brackets, punctuation, and grouping can all be represented by mathematical symbols, which can also be used to indicate the logical syntax's order of operations and other features.

It is given that sum of x and y is twice x. Then the value of y will be calculated as below:-

x + y = 2x

y = 2x - x

y = x

Therefore, the sum of x and y is twice x. Then the value of y will be equal to x.

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Help please thanks don’t know how to do this

Answers

Answer:

a = 11.71 ; b = 15.56

Step-by-step explanation:

For this problem, we need two things.  The law of sines, and the sum of the interior angles of a triangle.

The law of sines is simply:

sin(A)/a = sin(B)/b = sin(C)/c

And the sum of interior angles of a triangle is 180.

45 + 110 + <C = 180

<C = 25

We can find the sides by simply applying the law of sines.

length b

7/sin(25) = b/sin(110)

b = 7sin(110)/sin(25)

b = 15.56

length a

7/sin(25) = a/sin(45)

a = 7sin(45)/sin(25)

a = 11.71

values of r and h, what do you notice about the proportions of the cylinders?

Answers

Answer:

Below

Step-by-step explanation:

r us the radius of the base and h is the heigth of the cylinder.

The volume of a cylinder is given by the formula:

V = Pi*r^2*h

V/Pi*r^2 = h

We can write a function that relates h and r

Answer:

One of the cylinders is short and wide, while the other is tall and thin.

Step-by-step explanation:

sample answer given on edmentum

the constant proportionality of y=5x

Answers

Answer:

k = 5

Step-by-step explanation:

The equation of proportionality is

y = kx ← k is the constant of proportionality

Given

y = 5x , then k = 5

Hassan built a fence around a square yard. It took 48 m^2 of lumber to build the fence. The fence is 1.5 meters tall.

Answers

Answer:

Step-by-step explanation:

Please check ones more because this might be incorrect.

The area is in square meters...Let's change it

Square 48= 48*48 =2304

2304 divided by 4( 4 since the formula for the area of a sqaure is s*s and square has 4 sides)

2304 divided by 4 = 576

The formula for area of a square is S*S(side times side)

Let's apply the formula here.

so, 576 times 576

331776 square meters

Hope this is right and helps! :)

( This just my point of view. Please check this onces again)

Answer:

the answer is 64

Step-by-step explanation:

khan

PLZ HELP WILL GIVE BRAINLIEST

Answers

Answer:

Hey there!

We have the slope is equal to -2.5, and the y intercept  is 3.

Thus, the equation is y=-2.5x+3

Hope this helps :)

PLZ HELP ME NEED THIS FAST WILL GIVE BRAINLIEST

Answers

Answer: l = 60 ft and w = 30 ft

P = 2(l + w)

180 = 2(l + w)

Let x = width of his yard

Let 2x = length of his yard

[tex]180=2(2x+x)[/tex]

[tex]\frac{180}{2}=\frac{2(2x+x)}{2}[/tex]

[tex]90=3x[/tex]

[tex]\frac{90}{3} =\frac{3x}{3}[/tex]

[tex]x=30ft[/tex]

l = 2x = 30(2) = 60 ft

Check:

180 = 2(l + w)

180 = 2(60 + 30)

180 = 2(90)

180 = 180

LS = RS

m
A. not enough information
B. 70
C. 42
D. 38.5

Answers

Answer:

C

Step-by-step explanation:

Using Parts Whole Postulate we can write:

∠LQP = ∠LQR + ∠PQR

We know that ∠LQP = 77° and ∠LQR = 35° so we can write:

77° = 35° + ∠PQR

Therefore the answer is 77 - 35 = 42°.

The correct answer is C-42

There were 35 students in a class. They were given math books (each priced at $0.55) and other books the total value of which was n dollars. How much money was spent to provide the students with all these books.

Answers

Answer:

$19.25

Step-by-step explanation:

Answer:

19.25+n or n+19.25 you have to add it not multiply

Step-by-step explanation:

Andrew drives through 5 intersections with stoplights on his way to work. He records that he is stopped by a red light in 2 of the 5 intersections. If he uses this as his general probability of getting stopped at a red light on his way to or from work, how many times can he expect to be stopped at a red light over the next 40 times he drives through an intersection on his route? Andrew should expect to be stopped times.

Answers

Answer:

He should expect to be stopped a total of 16 times

Step-by-step explanation:

What the question is saying is that out of every 5 intersections, he would be stopped at 2.

Now, for forty times in which he passes through an intersection , we want to know the number of times in which he would be stopped

In this case we only need to multiply the probability by the number of times in which he passes an intersection and that would be 2/5 * 40 = 16 times

Answer:

16

Step-by-step explanation:

2. Global Cable paid dividends of $0.28 and $0.16 per share last year. Given yesterday's closing price was $11.27, determine the current yield on the stock? Round to the nearest tenth.

Answers

Answer:

3.90%

Step-by-step explanation:

Relevant Data provided as per the question below:

Annual dividend = $0.28 and $0.16

Current per share = $11.27

According to the given situation, the calculation of the current yield of the stock is shown below:-

Current yield is

[tex]= \frac{Annual\ dividend}{Current\ share\ price} \times 100\\\\ = \frac{0.28 + 0.16}{11.27} \times 100[/tex]

[tex]= \frac{0.44}{11.27} \times 100[/tex]

= 3.90%

Therefore for computing the current yield of the stock we simply applied the above formula.

A school has 400 students. They all come to school by bus, and each bus carries the same number of students. How many students might there be on each bus?

Answers

Answer:

100 students on each bus

Step-by-step explanation:

100*4 is 400 so there might be just 4

Answer:

Hey there!

It's possible that there are 200 busses, and each  bus carries only 2 people, there are 10 busses and each bus carries 40 people, or there are 5 busses and each bus carries 80 people.

Hope this helps :)

PLEASE HELP ME ASPA What is the equation of the line that has a slope of -4 and passes through the point (2, 3)? y = -4x + 5 y = -4x – 5 y = -4x + 11 None of these choices are correct.

Answers

Answer:

Third option is the right choice.

Step-by-step explanation:

y = -4x + 11       (Slope = m = -4)

3 = -4(2) + 11

3 = -8 + 11

3 = 3

True.

Explain how to get the volume of this figure

Answers

Answer:

350 meters cubed.

Step-by-step explanation:

If you visualize it, there are two rectangular prisms: one flat one on the top, and one large one on the bottom.

The width of the top one is 5 meters. The length is 7 meters. The height is 8 - 5 = 3 meters. So, one prism has a volume of 5m x 7m x 3m.

The width of the bottom one is 7 meters. The length is 7 meters. The height is 5 meters. So, the bottom prism has a volume of 7m x 7m x 5m.

(5 * 7 * 3) + (7 * 7 * 5)

= (35 * 3) + (49 * 5)

= 105 + 245

= 350

So, the volume of the figure is 350 meters cubed.

Hope this helps!

5.
Which of the following equations has the sum of its roots as 3?
(A) 2x² – 3x + 6 = 0
(B) - x²+ 3x - 3 = 0
(C)√2x²-3/√2x+1
(D) 3x² – 3x + 3 = 0​

Answers

Answer:

B

Step-by-step explanation:

Given a quadratic equation in standard form, ax² + bx + c = 0 ( a ≠ 0 )

Then the sum of the roots = - [tex]\frac{b}{a}[/tex]

A 2x² - 3x + 6 = 0

with a = 2 and b = - 3

sum of roots = - [tex]\frac{-3}{2}[/tex] = [tex]\frac{3}{2}[/tex] ≠ 3

B - x² + 3x - 3 = 0

with a = - 1 and b = 3

sum of roots = - [tex]\frac{3}{-1}[/tex] = 3 ← True

C [tex]\sqrt{2}[/tex] x² - [tex]\frac{3}{\sqrt{2} }[/tex] x + 1

with a = [tex]\sqrt{2}[/tex] and b = - [tex]\frac{3}{\sqrt{2} }[/tex]

sum of roots = - [tex]\frac{-\frac{3}{\sqrt{2} } }{\sqrt{2} }[/tex] = [tex]\frac{3}{2}[/tex] ≠ 3

D 3x² - 3x + 3 = 0

with a = 3 and b = - 3

sum of roots = - [tex]\frac{3}{-3}[/tex] = 1 ≠ 3

Thus the equation with sum of roots as 3 is B

The first three steps in determining the solution set of the system of equations algebraically are shown.

y = x2 − x − 3
y = −3x + 5



What are the solutions of this system of equations?

(−2, −1) and (4, 17)
(−2, 11) and (4, −7)
(2, −1) and (−4, 17)
(2, 11) and (−4, −7)

Answers

Answer:

(2, −1) and (−4, 17)

Step-by-step explanation:

I used a graphing tool to graph the systems of equations. The parabola and line pass at points (2, -1) and (-4, 17).

Answer:(2, −1) and (−4, 17) Its C on Edge 2023

Step-by-step explanation: Its (C) after an extensive research

Please answer this question now

Answers

Answer:

d = 8.5

Step-by-step explanation:

The following data were obtained from the question:

Angle D = 100°

Opposite D = d

Opposite E = e = 6

Opposite F = f = 5

Thus, we can obtain the value of d by using the cosine rule as shown below:

d² = e² + f² – 2ef Cos D

d² = 6² + 5² – 2 × 6 × 5 × Cos 100°

d² = 36 + 25 – 60 × Cos 100°

d² = 61 – – 10.419

d² = 61 + 10.419

d² = 71.419

Take the square root of both side.

d = √71.419

d = 8.5

Therefore, the value of d is 8.5

Circle O below has radius 1. Eight segment lengths are labeled with lowercase letters. Six of these equal a trigonometric function of theta. Your answer to this problem should be a six letter sequence whose letters represent the segment lengths that equal the following functions (in the correct order):
sin(theta),
cos(theta),
tan(theta),
csc(theta),
sec(theta),
cot(theta).
So, for example, you would answer a,k,h,c,b,d if you thought
sin(theta) = a,
cos(theta) = k,
tan(theta) = h,
csc(theta) = c,
sec(theta) = b,
cot(theta) = d.
I was able to come up with:
sin(theta) = d,
cos(theta) = a,
tan(theta) = h,
csc(theta) = f,
sec(theta) = g,
cot(theta) = h.

Answers

Answer:

32

Step-by-step explanation:

49 students choose to attend one of three after school activities: football, tennis or running.
There are 18 boys.
11 students choose football, of which 1 are girls.
29 students choose tennis.
7 girls choose running.
A student is selected at random.
What is the probability this student chose running?
Give your answer in its simplest form.

Answers

There is a 9/49 chance a student chooses running. This is because
49 - 11 - 29 = 9.

The probability that student chose running is 9/49 .

What is the probability?

Probability refers to a possibility that deals with the occurrence of random events.

The probability of all the events occurring need to be 1.

Consider the information as that 49 students choose to attend one of three after-school activities: football, tennis, or running.

11 students choose football,  29 students choose tennis.

The students choose running = 49 - 11 - 29 = 9.

The students choose running = 0

This means out of 49 students 9 choose running.

P(E) = 9/49

Hence, the probability that student chose running is 9/49 .

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Fill in blanks to write the particular equation of this
transformed cosine graph

Answers

Answer:

f ( x ) = -3*cos ( x ) -2                    

Step-by-step explanation:

Solution:-

The standard generalized cosine function is given in the form:

                             f ( x ) = a* cos ( w*x - k ) + b

Where,

                   a: The magnitude of the waveform

                   w: the frequency of the waveform

                   k: The phase difference of the waveform

                   b: The vertical offset of central axis from the origin

To determine the amplitude ( a ) of the waveform. We will first determine the central axis of the waveform. This can be determined by averaging the maximum and minimum values attained. So from graph:

                   Maximum: 1

                   Minimum: -5

The average would be:

                  Central axis ( y ) = [ 1 - 5 ] / 2

                                              = -4 / 2

                                         y   = -2

The amplitude ( a ) is the difference between either the maximum value and the central axis or minimum value and the central axis. Hence,

                 

                   a = Maximum -  Central value

                   a = 1 - (-2)

                   a = 3  

The waveform is inverted for all values of ( x ). That means the direction of amplitude is governed to the mirror image about x-axis. Hence, a = -3 not +3.

The offset of central axis from the x - axis ( y = 0 ) is denoted by the value of ( b ).

                   b = ( y = -2 ) - ( y = 0 )

                   b = -2   ... Answer

The frequency of the waveform ( w ) is given as the number of cycles completed by the waveform. The peak-peak distance over the domain of [ 0, 2π ]. We see from the graph is that two consecutive peaks are 2π distance apart. This means the number of cycles in the domain  [ 0, 2π ] are w = 1.

The phase difference ( k ) is determined by the amount of "lag" or "lead" in the waveform. This can be determined from the x-distance between x point value of peak and the origin value ( x = 0 ). The peak and the origin coincides with one another. Hence, there is no lag of lead in the waveform. Hence, k = 0.

The waveform can be written as:

                      f ( x ) = -3*cos ( x ) -2                    

PLSSSS HELP The area of a cylinder varies jointly with the radius and the height. When the radius is 3 and the height is 6 the area is 36π. Find the are when the radius is 4 and the height is 5

Answers

Answer:

167.55

Step-by-step explanation:

so it varies jointly so

A-area if cylinder

so

[tex]a \: \alpha \: \pi \: r \: ^{2} h[/tex]

so

[tex]a = k\pi \: r^{2}h[/tex]

where k is the constant

so apply the first set of values to get k=2/3

then substitute the k with the second set of values

How many solutions does this system have? x minus y = negative 4. 3 x + y = 8. one two an infinite number no solution

Answers

Answer:

One solution

Step-by-step explanation:

Answer:

The correct answer is A.) one

Step-by-step explanation:

I just did the test on edge 2021 and got it right!

Which could be used to solve this equation? 3 and one-fifth + n = 9 Subtract 3 and one-fifth from both sides of the equation. 3 and one-fifth minus 3 and one-fifth + n = 9 + 3 and one-fifth Add 3 and one-fifth to both sides of the equation. 9 + 3 and one-fifth = 12 and one-fifth

Answers

Answer:

Subtract [tex]3\frac{1}{5}[/tex] from both sides.

Step-by-step explanation:

We want to isolate the variable [tex]n[/tex]. To do this, we have to get rid of [tex]3\frac{1}{5}[/tex], which we can do by subtracting itself, since it equals 0.

[tex]3\frac{1}{5} + n =9[/tex]

[tex]n = 5\frac{4}{5}[/tex]

Answer:

ITS A

Step-by-step explanation:

Simplify: 14 - 2+ 8 = 2 *3
helppp meeee

Answers

Answer:

20=6?

Step-by-step explanation:

14-2+8=2*3

14-2+8=6

12+8=6

20=6?

Answer:

These to equations aren't equivalent.

Step-by-step explanation:

14-2+8=2*3

12+8=6

20=6

Hope this helps ;) ❤❤❤

Solve and CHECK the following: 2(a−3)/3=4

Answers

Answer:

2(a - 3). = 4

_______

3

Cross multiply.

2(a- 3) = 12

2a - 6 = 12

2a = 12 + 6

2a = 18

a = 18 ÷ 2

a = 9

Answer:

a = 9

Step-by-step explanation:

Given

[tex]\frac{2(a-3)}{3}[/tex] = 4 ( multiply both sides by 3 to clear the fraction

2(a - 3) = 12 ( divide both sides by 2 )

a - 3 = 6 ( add 3 to both sides )

a = 9

As a check substitute a = 9 into the left side of the equation and if equal to the right side then it is the solution.

[tex]\frac{2(9-3)}{3}[/tex] = [tex]\frac{2(6)}{3}[/tex] = [tex]\frac{12}{3}[/tex] = 4 = right side

Thus solution is a = 9

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Which of the following describes the graph of 2x + 4y < 16? a:solid line, shaded below b:dashed line, shaded above c:dashed line, shaded below d:solid line, shaded above 1. What amount of work is done when a force of 50 N is used to drag an object a distance of 20 meters across a floor? Find the average rate of change of the function f(x), represented by the graph, over the interval [-4, -1]. Calculate the average rate of change of f(x) over the interval [-4, -1] using the formula . The value of f(-1) is . The value of f(-4) is . The average rate of change of f(x) over the interval [-4, -1] is . Amber says that the data set is left-skewed because the box is farther to the left on the number line. (A) Is Amber correct? (B) Explain your reasoning. A borrower has applied for a refinance on her property valued at $235,000. She currently has a HELOC with a $47,000 limit and currently owes $25,850. The borrower has applied for a first mortgage of $164,500. Which of the following LTV, CLTV, and HLTV are accurate based on this information?a. 70% / 80%/ 95%b. 70% / 83% / 100%c. 70% / 81% / 90%d. 75% / 80% / 91% Describe the Siege of Vicksburg. How was it a turning point in the Civil War? please plzz answer for brainliest Air contains nitrogen, oxygen, argon, and trace gases. Ifthe partial pressure of nitrogen is 592 mm Hg, oxygen is160 mm Hg, argon is 7 mm Hg, and trace gas is 1 mm Hg,what is the atmospheric pressure write the statement for 6x-3=9 Each week, Rosario drives to an ice-skating rink that is 60 miles away. The round-trip takes 2.75 hours. If he averages 55 miles per hour on his way to the rink, which equation can be used to find x, the number of miles per hour he averages on his way home? Anthem Inc. issues 200,000 shares of stock with a par value of $0.01 for $150 per share. Three years later, it repurchases these shares for $80 per share. Anthem records the repurchase in which of the following ways? A. Debit Common Stock for $2.000, debit Additional Paid-in Capital for $29.998,000 and credit Cash for $30 million. B. Debit Treasury Stock for $16 million and credit Cash for $16 million. C. Debit Common Stock for $2,000, debit Additional Paid-in Capital for $15.998.000 and credit Cash for $16 million. D. Debit stockholders' Equity for $30 million, credit Additional Paid-in Capital for $16 million and credit Cash for $16 million. In choosing among alternative courses of action, Raj must consider how others might respond to the action he takes. In the language of game theory, we say that Raj must think a. openly. b. strategically. c. dominantly. d. cooperatively. In a bag containing 3 red balls,and 2 blue balls,one of which is drawn at random.Find the probability that its a red ball Please help, I need you, please help me helppp plz help need help Primus Corp. is planning to convert an existing warehouse into a new plant that will increase its production capacity by 45 percent. The cost of this project will be $7,125,000. It will result in additional cash flows of $1,875,000 for the next eight years. The discount rate is 12 percent. a) What is the payback period? b) What is the NPV for this project? c) What is the IRR? Use multiplication or division of power series to find the first three nonzero terms in the maclaurin series for the given function. (Enter your answers as a comma-separated list.) y=(e^-x^2)cosx i know the answer i just need the working! please help... When a company constructs a building, the cost of the building includes materials and labor but not design fees, building permits, or insurance during construction. a. True b. False Which alternative medical system is based on the principle of "like cures like"?