How much should be invested at 7% compounded daily for 15 years to make $200,000?

Answers

Answer 1

The amount of money that should be invested at 7% compounded daily is $199,421.68.

How to calculate compound interest.

Mathematically, compound interest is given by this formula:

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

Where:

A is the future value.P is the principal.R is the interest rate.T is the time measured in years.n is the number of times compounded.

Given the following data:

Future value = $200,000.

Interest rate = 7% = 0.07.

Time = 15 year.

Substituting the given parameters into the formula, we have;

[tex]200000=P(1+\frac{0.07}{365} )^{ 15}\\\\200000=P(1+0.00019)^{15}\\\\200000=P(1.00019)^{15}\\\\200000=1.0029P\\\\P=\frac{200000}{1.0029}[/tex]

P = $199,421.68.

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Related Questions

A cone has a
volume of 3511
cubic feet and a
height of 13 feet.
Find the diameter
of the cone.

Answers

Answer:

Ah cgej4

YTL bebekte gt ydd

Step-by-step explanation:

(8=6'+)9*3-6

Maddy has a coupon for bananas. Bananas normally
cost $0.49 per pound. Maddy wants to buy 8
pounds of bananas for her team. She has a coupon
for 5 cents off per pound.
If she uses the coupon, how much will she pay?

Answers

Answer:

$3.52

There are two ways you can solve this problem.

1. Take 5 cents off before multiplying.

Since the coupon takes 5 cents off per pound, you can subtract 5 cents off 49 cents.

$0.49-$0.05= $0.44

Now multiply $0.44 by the 8 pounds.

$0.44 (8) = $3.52

2. Take the 5 cents off after multiplying

You can multiply the 5 cents by 8, to find the total money off the bananas. Then subtract that from the total cost.

$0.49 (8) = $3.92    -> Total cost with no coupon

$0.05 (8) = $0.40    -> Total money off

Subtract the two totals.

$3.92 - $0.40 = $3.52

Answer:

I believe the answer is 3.42.

The equation d = 11 cosine (startfraction 8 pi over 5 endfraction t) models the horizontal distance, d, in inches of the pendulum of a grandfather clock from the center as it swings from right to left and left to right as a function of time, t, in seconds. according to the model, how long does it take for the pendulum to swing from its rightmost position to its leftmost position and back again? assume that right of center is a positive distance and left of center is a negative distance. 0.625 seconds 0.8 seconds 1.25 seconds 1.6 seconds

Answers

The time it take for the pendulum to swing from its rightmost position to its leftmost position and back again is 1.25 seconds.

What is time period of pendulum?

Pendulum is the body which is pivoted a point and perform back and forth motion around that point by swinging due to the influence of gravity.

The time period of pendulum is time taken by it to complete one cycle of swing left to right and right to left.

The equation models the horizontal distance of the pendulum of a grandfather clock from the center as it swings from right to left and left to right as a function of time, t, is given as,

[tex]d = 11 \cos\left( \dfrac{8\pi}{5}t\right)[/tex]

At the maximum position, the time period is zero. Thus,

[tex]\dfrac{8\pi}{5}t=0\\t=0[/tex]

At the minimum position, the period equal to the π. Thus,

[tex]\dfrac{8\pi}{5}t=\pi\\t=\dfrac{5}{8}\\t=0.625[/tex]

This time is for one side of motion. The time for swing from its rightmost position to its leftmost position and back again is,

[tex]t=0.625+0.625\\t=1.25\rm\; s[/tex]

Thus, the time it take for the pendulum to swing from its rightmost position to its leftmost position and back again is 1.25 seconds.

Learn more about the time period of pendulum here;

https://brainly.com/question/3551146

Answer:

C:1.25

Step-by-step explanation:

what is the discount on a pair of shoes with a regular price of $48?

Answers

The discounts on a pair of shoes with a regular price of $48 is 24

Angle Terminology with Equations
(Please Full Explanation)
Delta Math:

Answers

Supplementary angles are angles that sum up to 180 degrees

∠A and ∠B are supplementary angles

∠A + ∠B = 180°2(x) - 24 + 5(x) - 27° = 180°7(x) -51° = 180°7(x) = 180° + 51°7(x) = 231°x = 33°

Find ∠B

5(x) - 27°5(33) - 27°165° - 27138°

Therefore ∠B is 138 degrees

Answer:

∠B = 138

Step-by-step explanation:

Suplementary means = 180 soooo

180=(2x-24)+(5x-27)

180=7x-51

231=7x

x=33

B=5x-27

5(33)-27= 138

SOMEONE HELP!!!!!!! ​

Answers

Answer:

115.395 min

Step-by-step explanation:

First we find the volume of 6 cm of water. We use the formula:

[tex]\pi *radius^2 *height[/tex]

[tex]\pi *35^2*6 = 23,079 cm^3[/tex]

1 L/min = 1000 cm^3 / min

0.2 L/min = 200 cm^3 /min

[tex]\frac{23,079}{200} = 115.395 min[/tex]

find the value of X to the nearest tenth

Answers

Answer:

x = 22.6 degrees

Step-by-step explanation:

The triangle is a right triangle which means that you can use trigonometry to find the values for each angle.

cos(x) = opposite / hypotenouse.

So cos(x) = 12/13.

You can then solve using a calculator and find that the angle is 22.6 degrees.

find the range of the given data 8,9,7,11,18,13​

Answers

Answer:

range = 11

Step-by-step explanation:

the range is the difference between the largest and smallest value in the data set.

largest value = 18 , smallest value = 7 , then

range = 18 - 7 = 11

11 is the range of the data 8,9,7,11,18,13

What is Statistics?

Statistics is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data.

The given data is 8,9,7,11,18,13​

Eight comma nine comma seven comma eleven comma eighteen comma thirteen.

The range in statistics for a given data set is the difference between the highest and lowest values.

Largest value is 18

Lowest value is 7

Range=Largest value-Lowest value

=18-7

=11

Hence, 11 is the range of the data 8,9,7,11,18,13

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https://brainly.com/question/29093686

#SPJ2​

what is the correct answers NEED ANSWERS FOR BOTH ASAP ​

Answers

Answer:

group like terms and solve

Answer:
1 and 3

2 and 4

Step-by-step explanation:
For the first one move all terms to one side and set equal to zero. Solutions are 3 and 1
Move all to one side for the second question and use quadratic formula to get x=4 and x=2

Please do number 5 thank you

Answers

Answer:

No, the mayor cannot conclude that 90% of residents favor the expansion.

Step-by-step explanation:

The sample taken is from the employees that will work on the highway, but we need to know the resident's opinion. The workers will have a different opinion than the average person, so this is not an accurate conclusion.

A scale model of a ramp is a right triangular prism as given in this figure. In the actual ramp, the triangular base has a height of 0.5 yards.

What is the surface area of the actual ramp, including the underside?

Enter your answer as a decimal in the box.



The answer is 7.2 I just didnt see anyone ask this

Answers

The surface area of the figure is 720 square inches

How to calculate the surface area of a ramp?

The surface area of a figure is the sum of all the area of its faces.

For the given diagram, it consists of 2 triangular faces and 3 rectangular faces

Surface area= (5 * 24) + 2(13*12) + 24 * 12

Surfacee area = 120  + 312 + 288

Surface area = 720 square inches

Hence the surface area of the figure is 720 square inches

Learn more on surface area here: https://brainly.com/question/76387

Find the volume of a cone with a base diameter of 10 m and a height of 8 m. Write the exact volume in terms of , and be sure to include the correct unit in your answer. ​

Answers

Answer:

The answer is given in the picture

Step-by-step explanation:

PLEASE MARK ME BRAINLIEST IF MY ANSWER IS CORRECT

Am I correct?!? Please tell me!

Answers

Answer:

B

Step-by-step explanation:

Standard form of a polynomial is when the terms are order from highest exponential power to lowest exponential power. The choice you chose has the highest exponential power of 1, and a leading coefficient of 1. You are incorrect. The correct answer would be the second choice of:

[tex]5 {x}^{2} + 6x - 7[/tex]

This polynomial is in standard form, and has a leading coefficient of positive 5.

Please answer the question correctly and with a good explanation. Please and thank you

Answers

Answer:

48

Step-by-step explanation:

To calculate the area of a composite shape you must divide the shape into rectangles, triangles, or other shapes you can find the area of and then add the areas back together. You may have to calculate missing lengths before finding the area of some of the shapes.

I split it into a square and a trapezoid

The area of the square is 6x5 = 30

The area of the trapezoid is

A=a+b

2h=3+6

2·4=18

So add the area together

30+18= 48

Clarise and Jim sell pumpkins by the pound at a local farmer’s market. The weights, in pounds, of the pumpkins from the most recent harvest are shown in the box plot. Find the median, range, and interquartile range without the outlier.

Answers

Step-by-step explanation:

also provide box plot..

Consider the number 9,953.
Is this number divisible by 2, 3, 4, 5, 9, or 10? Provide justification for
each number without using a calculator.
Hint: If a number is not divisible by 2, then what other numbers is it
also not divisible by?
Write your answer in complete sentences.

Answers

Answer:

No for all of them

Step-by-step explanation:

2 --> not even

3 --> of the sum of the numbers are not divisible by three

4 --> the last two digits are not equal to a multiple of four

5 --> the last digit is not ending with 0 or 5

9 --> the sum of the digits is not equal to a multiple of nine

10 --> the last number is not zero

Hailey has $9 worth of nickels.how many nickels does hailey have?

Answers

Answer:

180

Step-by-step explanation:

The answer is 180 because 20 nickels make a dollar and you do 20x9 and that equals to 180

Answer:

$180 nickels

Step-by-step explanation:

9x 20= 180

Can anyone help me with this problem?

Answers

Answer:

C

Step-by-step explanation:

pls tell me if im wrong

Find the measure ments of angels 2, 3, and 4

Answers

Answer:

3-is 85

2- is 95

4-95

Step-by-step explanation:

for 1 is 85

85-180=95

Solve the math problem

Answers

Answer:

Explanatory variable (independent variable)

The variable that affects the other variable.Drawn along the horizontal axis.

Response variable (dependent variable)

The variable that is being affected.  Drawn up the vertical axis.

(a) As the class wondered if they could predict the father's height, when they know the son's height

Explanatory variable = son's height

Response variable = father's height

(even though this is contrary to real-life, where the father's height would be used to predict the son's height)

(b) **see first attachment**

(c)  The association is positive since the father's height increases as the son's height increases.

(d)  **see second attachment**

Outlier = Paul  (64.5, 73)

This point is far away from the majority of points on the scatter plot.

If we add a regression line to the scatter plot, we can see that this data point is the farthest from the regression line.

5. A rectangle is shown with dimensions in inches
(in.).
3/4 in.
1/3 in.
CAN
What is the area of the rectangle in square inches?
square in.

Answers

Answer:

1/4 or 0.25in

Step-by-step explanation:

If you mean that 3/4 and 1/3 is lenght and width then:

3/4 x 1/3=1/4

1/4=0.25

1/4in^2

A rectangle's length is 3 times its width. If the perimeter is 32, what is the area?

Answers

l = 3w
Perimeter is sum of all 4 sides:
2l + 2w = 32

2(3w) + 2w =32
6w+ 2w= 32
8w = 32
w= 4

l= 3*4
l = 12

A= l*w
A= 4*12
A= 48

help please
i’ll give good rating

Answers

Answer:

closed circle means 10 is a possible answer

m is greater or equal to 10

it's the 1st and 4th options

Step-by-step explanation:

Answer:

m ≥ 10 and it's a closed circle that is a possible answer.

Step-by-step explanation:

Rules:

Open circle: < (going left) or > (going right)

Closed circle: ≤ (going left) or ≥ (going right)

Here, we have a closed circle at 10, going right (≥).

Therefore, the correct answers are: m ≥ 10 and it's a closed circle that is a possible answer.

This means that m is equal to 10, or any value that is greater than 10.

Hope this helps!

somebody help me this is hard for me

Answers

Answer:

[tex]\huge\boxed{\bf\: \frac{1}{3}\rightarrow probability}[/tex]

Step-by-step explanation:

Given,

Total number of marbles = 6Number of blue marbles = 2Number of yellow marbles = 1Number of red marbles = 3

We are asked to find the probability of choosing a blue marble if they are randomly chosen. Then,

Probabilty of a blue marble

= Number of blue marbles / Total number of marbles

= 2/6

= 1/3

[tex]\rule{150pt}{2pt}[/tex]

what the answer to 24/3/7/5=

Answers

Answer:24/3/7/5 = 8/ 35 ≅ 0.2285714

Step-by-step explanation:

Divide: 24/3: 7 = 24/3· 1/7

= 24 · 1/3 · 7

= 24/21

= 3 · 8/3 · 7= 8/7

Dividing two fractions is the same as multiplying the first fraction by the reciprocal value of the second fraction. The first sub-step is to find the reciprocal (reverse the numerator and denominator, reciprocal of 7/1 is 1/7) of the second fraction. Next, multiply the two numerators. Then, multiply the two denominators. In the following intermediate step, cancel by a common factor of 3 gives 8/

7

.

In other words - twenty-four thirds divided by seven = eight sevenths.

Divide: the result of step No. 1 : 5 = 8/7 : 5 = 8/7 · 1/5

= 8 · 1/7 · 5

= 8/35

Dividing two fractions is the same as multiplying the first fraction by the reciprocal value of the second fraction. The first sub-step is to find the reciprocal (reverse the numerator and denominator, reciprocal of 5/1

is 1/5

) of the second fraction. Next, multiply the two numerators. Then, multiply the two denominators. In the following intermediate step, it cannot further simplify the fraction result by canceling.

In other words - eight-sevenths divided by five = eight thirty-fifths.

. It took Erin the same time to drive 21 miles as it took Brent to drive 15 miles. Erin's speed was 10 mph
faster than Brent's speed. How fast did Erin drive?

Answers

The speed at which Erin drove from the given parameters was calculated as; 35 mph

How to work with speed rates?

Let Erin's speed rate be X. Now, since it took erin 21 miles, then;

Erin's time = 21/X

Now, erin's speed was 10 mph faster than Brent's speed. Thus;

Brent's speed = (X - 10) mph

Thus, Brents time = 15/(x - 10)

Now, since they took the same time, then we know that;

21/x = 15/(x - 10)

15x = 21x - 210

6x = 210

x = 210/6

x = 35

Thus, Erins speed = 35 mph

Read more about rates at; https://brainly.com/question/12242745

The area of a rectangle is 56 cm. The length is 2 cm more then x and the width is 5 cm less than twice x. Solve for x. ROund to the nearest whole number.

Answers

Answer:

x^{2} -3x=46

Step-by-step explanation:

First, we know that the area of the rectangle is L x W.

[tex]L= x+2\\W= x-5\\(x+2) * (x-5)=56[/tex]

So, we would get [tex]x^{2} -5x+2x-10[/tex]=56

[tex]x^{2} -3x=46[/tex]

What is the equation of the line passing through (0,2), with a slope of 5?

Answers

Answer:

y=mx+c

Finding the y-intercept by substituting the given points into the equation.

y=mx+c

2=5(0)+c

2-5=c

-3=c

Now, the equation is:

y=5x-3

Taharka, Lamari and Keyon are sharing the cost of a football. Taharka will pay 0.15 of the cost. Lamari
will pay 12 of the cost. Keyon will pay the rest. If the football costs $16, how much will they each pay?

Answers

Answer:

the answer should be 3.85 that they pay each

Step-by-step explanation:

Because if you add 12.15 (Taharka + Lamari) and 3.85, it equals 16. The 3.85 comes from 16.00 - 12.15

describe how to simplify the he expression 3^-6/3^-4

Answers

Answer:

by using bodmas rule

to solve this problem

Step-by-step explanation:

=3^-6/3^-4

=3-2-4

=-3

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If a business owner is having trouble staying within her budget, which of the following would be the best first move to reduce spending? A. Selling off some equipment and not buying more B. Turning off the water or gas briefly C. Eliminating weekly janitorial service D. 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This lets people living in the house have shade in just a few years. However, the owner of the tree needs to keep the lower branches trimmed. If the lower branches are not trimmed, over time the lower tree limbs will grow downward toward the ground. These branches will seem to almost slither like a snake. In time, they will be only inches above the ground. They will also spread out over the lawn for up to 25 feet from the trunk of the tree.The live oak tree is popular for a very important reason. It can live in very hot weather. Strong sunlight does not kill it. People in the southern United States see so many live oaks that they no longer really notice them. Live oak trees just blend into the landscape. Yet, live oaks contribute to the landscape in many ways. They provide shade in the summer heat. They also provide food for many animals. Each live oak tree can produce thousands of acorns. Squirrels are just one type of animal that scurries to feast on the little brown nuts. 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Tell a story what happens as the food passes through the alimentary canal from the foods point of view (you are the food). Discuss all the structures in which you come into contact with in the digestive system and their functions for helping digest foods. Don't forget about peristalsis, the accessory organs, and their functions as well. You randomly choose a marble from a jar. The jar contains 3 red marbles, 10 blue marbles, 8 green marbles, and 4 yellow marbles. Find the probability of choosing a blue marble.