In 1986 a family member invested$ 100 each month into savings account with an interest rate of 0.25% that didn't change. In 2016 you decided you needed to use that saved up money for a big purchase so you cash the savings account out

Answers

Answer 1

Complete question is;

In 1986, a family member invested $100 each month into a savings account with an interest rate of 0.25% (that didn't change). In 2016, you decided you needed to use that saved up money for a big purchase, so you cash the savings account out.

How much money should be in the account using the FV formula?

Answer:

FV = $107.78

Step-by-step explanation:

We are given;

Present value; PV = 100

Interest rate; r = 0.25% = 0.0025

We are told the PV was in 1986 and In 2016 you decided you needed to use that saved up money .

This is a period of 30 years.

Thus, the number of compounding periods is n = 30

Formula for FV is;

FV = PV(1 + r)ⁿ

FV = 100(1 + 0.0025)^(30)

FV = $107.78


Related Questions

How do you get from one number to the next using multiplication or division?
From 100 to 106
From 100 to 90
From 90 to 100
From 106 to 100

Answers

Answer:

You use decimal values. Like for the first one, multiply 100 by 0.01.

Step-by-step explanation:

The multiplication or division is 10^6/10^4

How to interpret integral multiplication?

Suppose that there are two positive integer numbers( numbers like 1,2,3,.. ) as a and b

Then, their multiplication can be interpreted as:

[tex]a \times b = a + a + ... + a \: \text{(b times)}\\\\a \times b = b + b +... + b \: \text{(a times)}[/tex]

For example,

[tex]5 \times 2 = 10 = 2 + 2 + 2 + 2 + 2 \: \text{(Added 2 five times)}\\or\\5 \times 2 = 10 = 5 + 5 \: \text{(Added 5 two times)}[/tex]

Given;

From 100 to 10^6;

100 * 10^4  = 10^6

From 100 to 90;

100/10*9=90

From 90 to 100

90/9*10=100

From 10^6 to 100

10^6/10^4=100

Therefore, by multiplication or division will be 10^6/10^4

Learn more about multiplication here:

https://brainly.com/question/26816519

#SPJ2

Which division problem would have an estimated quotient of 15 if the divisor and dividend were rounded to the nearest whole number?
90.24 divided by 6.3
79.85 divided by 3.99
85.01 divided by 16.77
59.87 divided by 10.21

Answers

Answer:

A. 90.24 divided by 6.3

Step-by-step explanation:

We take each option one by one and solve for it

A. 90.24 divided by 6.3

Divisor = 90.24

Dividend = 6.3

if the divisor and dividend were rounded to the nearest whole number?

= 90÷ 6

= 15

Answer:

A, I got it right on edge.

Step-by-step explanation:

Evaluate the expression on top helllp pls

Answers

Answer:

159

Step-by-step explanation:

Answer:

the answer is 59

Step-by-step explanation:

apply

Parentheses

Exponents

Multiplication

Division

Addition

Subtraction

First, add inside the parentheses. Your equation is now 8^2-5.

8 squared is sixty four, and subtract five to get 59. Hope this helped!

5d divided by c+2;let d=10,c=5

Answers

Answer:

here is the answer in photo form

Answer:

Step-by-step explanation:

Simple and best practice solution for (c-5)d=2 equation. ... If it's not what You are looking for type in the equation solver your own equation and let us solve it. ... 2 + 5d cd = 2 + 5d Divide each side by 'd'. c = 2d-1 + 5 Simplifying c = 2d-1 + 5 Reorder ... 11/4-t8 | | (3x^2+5x+2)+(4x^2+3x+2)= | | 4Y+7-Y=4+2Y-8 | | 10x+190=360 ...

For example, let's say with have the equation x+5 ... If we evaluate the same expression when x=10 , we get: 3(10)+7=30+7=37 . Here's a variable expression with two variables : 3x−2y ... How do you express the phrase "a number z divided by 19" as an algebraic expression? ... How do you simplify 11c+5d−9c−9d?Let the number of cows be x and their legs be 4x. ... or, x = 7 [dividing by 2 on both sides]. ... The roots of the equation ax2 + bx + c = 0 will be reciprocal if: ... A circle of radius 10 inches has its center at the vertex C of an equilateral triangle ABC ... (a) 15, (b) 30, (c) 60, (d) 90, (e) 120. Circle Problem Answers. Answer: (b) 5.

George, a musician, works 35 hours in a week. If he earns $18.15 per hour, how much does he earn each week?

Answers

Answer:

$635.25

Step-by-step explanation:

He works 35 hours a week, multiply that by $18.15 and you get $635.25.

Factor the common factor out of this expression.
25u^2+20v^2+5v

Answers

Answer:

Hi Answer Is 5(5u^2+4v^2+v)

How are rates ratios and proportions used in careers in the medical field​

Answers

Answer:

Ratios and Proportions

Nurses do not prescribe medicine, but they administer medication to their patients. When doing so, they use ratios and proportions to help them. ... The ratios and proportions also allow the nurse to know how long the medication will stay in the body of the patient before needing another dosage.

Step-by-step explanation:

Answer:

they are used for comparing data

Step-by-step explanation:

even im the medical feild, mathematics is an impeccable way to explain phenomenons... by using mathematical formulas ratios and fraction, data can be communicated easier and help it to be easier to understand

A class of 32 students has 12 girls. What is the ratio of girls to boys?

A. 3:5
B. 5:3
C. 3:8
D. 8:3

Answers

Answer:

d is the answer

in think

Step-by-step explanation:

try it

Answer:

A

Step-by-step explanation:

Number of student=32

Number of girls=12

Number of boys=32-12

=20

Ratio of girls to boys=12:20

=6:10

=3:5

m(p + q); use m = 2, p = 6, and q = 1

Answers

I’m pretty sure it’s 14
m(p+q)
2(6+1)
2(7)
14

Answer: 14

Step-by-step explanation:

If they say that m(p+q) = 2(6+1) then we take what is in the parenthasis first (6+1) then we get (7). After that take m=2 times 7= 14

Due within next 5 minutes! Please help!
Mrs. B budgeted $175 per month for gasoline, $100 per month for
maintenance, and $150 per month for insurance. What is her weekly,
monthly, and yearly budget for owning her car?

Answers

Answer:

Weekly: $106.25

Monthly: $425

Yearly: $5,100

Step-by-step explanation:

Answer:

Step-by-step explanation:

WEEKS:

$175 divided by 4= 43.75

100 divided by 4= $25

150 divided by 4: $37.5

TOTAL: 106.25

YEARLY:

$175 times 12: $2,100

$100 times 12: $1,200

$150 times 12: $1,800

TOTAL: 5,100

MONTHLY: $425

Three good friends are in the same algebra class. Their scores on a recent test are three consecutive integers whose sum is 252 ? Pls asap

Answers

Answer:

83, 84, 85

Step-by-step explanation:

Craig took 20 minutes to swim 14 laps in the school swimming pool.
What is his unit rate per minute?​

Answers

Answer:

0.7 lap per minute

Step-by-step explanation:

Is y=-9x+1/3 proportional

Answers

Answer:

3y

Step-by-step explanation:

What is the sum of the polynomials? 8x2-9y2-4x

Answers

Hope this helps good luck

Answer:

9x^2-12y^2-11x

Step-by-step explanation:

I took the test.

Which is a graph for the inequality m greater than or equal to 2?

Answers

Answer:

The third one is the answer. if you ever need help hit me up.

Step-by-step explanation:

i will give lots of points and brainly please help asap What is the equation of the quadratic of the quadratic graph with a focus of (1,3) and a directex of y= 1 show your work please

Answers

check the picture below.

now, we know the directrix is at y = 1, and the focus point is at 1,3, well, notice the picture, the distance between those fellows is just 2 units.

the vertex is half-way between those fellows, therefore, the vertex will be at 1,2.

the distance "p", from the vertex to either the directrix or focus, is really just 1 unit.  Since the focus point is above the directrix, is a vertical parabola, and it opens upwards, like in the picture, and since it opens up, the "p" value is positive, or +1.

7) Newton sees 50 frogs in the morning, and 7 fewer frogs in the
afternoon. How many frogs did he see in total?

Answers

Answer:

93

Step-by-step explanation:

Example of a balance point

Answers

a home's loss of heat is equal to heat created in the home or when both sides of a seesaw are at an equal level.

a cook has 6 1/2 cups of sliced carrots
how many 3/4 cup servings of carrots is this

Answers

Answer
8 2/3 cup servings of carrot.

Explanation
Divide 61/2 by 3/4

Answer:8 2/3

Step-by-step explanation:

unit 8 right triangles and trigonometry homework 1

Answers

Answer:

x = 31.8

Step-by-step explanation:

From the picture attached,

By applying Pythagoras theorem in right ΔADC,

AC² = AD² + CD²

(22)² = AD² + (16)²

AD² = 484 - 256

AD = √228

     = 2√57

Now we apply Pythagoras theorem in right ΔADB,

AB² = AD² + DB²

x² = 228 + (44 - 16)²

x² = 228 + 784

x² = 1012

x = √1012

  = 31.81

  ≈ 31.8

The side x is an hypotenuse side to one of the right triangles formed by

altitude of the given triangle that has solid lines.

x is approximately 31.812

Reasons:

The figure shows a triangle with an altitude that forms two triangles inside

the main triangle.

By Pythagoras's theorem, we have;

For the right triangle on the left;

22² = h² + 16²

h² = 22² - 16² = 228

h² = 228

h = √228 = 2·√57

h = 2·√57

In the right triangle to the right, we have;

The length of the top base, b = 44 - 16 = 28

The square of the hypotenuse, x² = h² + b²

∴ x² = 228 + 28² = 1012

x = √(1012) = 2·√253

x = 2·√253 ≈ 31.812

Learn more here:

https://brainly.com/question/6241683

Determine if the lines are parallel, perpendicular, or neither. y + 3 = 7/4x and -4/7x + y = 9. Do I still have to solve y + 3 = 7/4x?

Answers

Answer:

No you dont have to solve it. And I believe it is perpendicular.

Step-by-step explanation:

Answer:

Perpendicular

Step-by-step explanation:

you have to solve both. If you make the lines in a graph it will turn out to be perpendicular because they are going to intersect.

3.55. Постройте график линейной функции:
1) у = 2/3х – 4;
2) y = 2x + 6;
3) у = -1,5х – 3;
4) y = -1/2x + 1;
5) y = 5/3x - 2;
6) y = -4/3x + 2;

Answers

Answer:

4) y = -1/2x + 1;

Step-by-step explanation:

maybe

or maybe not

System of Equations in Three Variables Word Problem

Answers

Answer:

i think the answer is a number or multiple number and maybe a decimal.

Step-by-step explanation:

go to Tiger Algebra Solver

2)
Mike went to the doctor and was found to be 20 pounds overweight.
The doctor discovered that Mike ate an average of 2000 calories per
day. He said for Mike to lose weight and meet his goal, the maximum
amount of calories he could eat per day was 1750. How many calories
will Mike be cutting out each week (7 days)?

Answers

Answer:

1750 Calories

Step-by-step explanation:

2000-1750=250

250x7=1750

Your statement balance is $687.45. You have outstanding checks totaling $332.10 and an outstanding deposit for $124.21. What is your adjusted balance?

Answers

Answer:

261.48

Step-by-step explanation:

The following measurements were added: 5.45 + 6.1 + 2.84. what should
the answer be reported as *
1)14.39
2)14.3
3)14.4
4)14

Answers

Answer: 14.39

Explanation:

5.45+2.84= 8.29
Then for 6.1 you add a zero to the end and make it 6.10 which is the same thing
Now 8.29+6.10= 14.39

Find the remainder when f(x) = 2x3 − 12x2 + 11x + 2 is divided by x − 5.

Answers

Answer: I couldn’t find your answer to this mathematics question, try a different question to this mathematics answer so I can get it.

Step-by-step explanation:

Answer:

Its 7 pls brainliest

Step-by-step explanation:

Solve 2x +2>10 quickly please

Answers

Answer:

x > 4

Step-by-step explanation:

2x+2>10 Subtract by 2 on both sides

2x>8 Divide by 2 on both sides

x>4

Disney held a breakfast for parents and their children to eat with Mickey and Minnie Mouse (and
the rest of the gang, too!) Adult tickets cost $17.95 and children's tickets cost $12.95. Disney
made $7355 from ticket sales from a total of 500 people that attended. How many adults and
how many children were at the breakfast?

Answers

176 adults 324 children

PLEASE HELP ME!!! ASAP!! ITS ALMOST DUE!!

Answers

Answer:

I'm pretty sure it's the first one. If i'm wrong i am terribly sorry

Step-by-step explanation:

Answer:

Y-intercept is -6 and the slope is 1

Step-by-step explanation:

You can use Y2-Y1/X2-X1 to find the slope. Then, you can use y=mx+b to find the y-intercept.

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