Suppose you have $14,000 to invest Which of the two rates would yield the larger amount in 2 years 6% compounded monthly or 5.88% compounded continuously?

Answers

Answer 1

We were given a principal to invest ($14,000) in a timespan of 2 years, and we need to choose between applying it on an account that is compounded montlhy at a rate of 6%, and one that is compounded continuously at a rate of 5.88%. To solve this problem, we need to calculate the final amount on both situations, and compare them.

The expression used to calculate the amount compounded monthly is shown below:

[tex]A=P(1+\frac{r}{12})^{12\cdot t}[/tex]

Where A is the final amount, P is the invested principal, r is the interest rate and t is the elapsed time.

The expression used to calculate the amount compounded continuously is shown below:

[tex]A=P\cdot e^{t\cdot r}[/tex]

Where A is the final amount, P is the invested principal, r is the interest rate, t is the elapsed time, and "e" is the euler's number.

With the two expressions we can calculated the final amount on both situations, this is done below:

[tex]\begin{gathered} A_1=14000\cdot(1+\frac{0.06}{12})^{12\cdot2} \\ A_1=14000\cdot(1+0.005)^{24} \\ A_1=14000\cdot(1.005)^{24} \\ A_1=14000\cdot1.127159 \\ A_1=15780.237 \end{gathered}[/tex][tex]\begin{gathered} A_2=14000\cdot e^{0.0588\cdot2} \\ A_2=14000\cdot e^{0.1176} \\ A_2=14000\cdot1.124794 \\ A_2=15747.12 \end{gathered}[/tex]

The first account, that is compounded monthly yields a return of $15780.24, while the second one that is compounded continuously yields a return of $15747.12, therefore the first account is the one that yield the larger amount in 2 years.


Related Questions

6. Diagram this statement. Then answer the questions (22) that follow. One third of the 60 questions on the test were true false. (a) How many of the questions on the test were true- false? (b) How many of the questions on the test were not true- false? (C) What percent of the questions were true-false?

Answers

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Patrick is responsible for choosing the company his local community group will use for having T-shirts printed. He must choose between Initial Me and Monogram Mania. Both companies charge an initial set-up fee and then charge per T-shirt printed.

The graph shows the cost of purchasing T-shirts from Initial Me and the cost of purchasing T-shirts from Monogram Mania.

Which statements are true about Initial Me and Monogram Mania?

Select each correct answer.

Answers

Step 1:

The initial cost of Initial Me = 50

The initial cost of Monogram Mania = 80

Step 2:

Both Initial Me and Monogram Mania cost the same for 10 T-shirts printed of 130

Step 3:

Monogram Mania charges less per T-shirt printed than Initial Me charges.

The average cost of Monogram Mania is less than that of Initial Me.

Final answer

Monogram Mania charges less per T-shirt printed than Initial Me charges.

Based on your knowfedgs of the two data sets described below, would you espect a scatter plot describing the two data sets to have a positive, a negative, or nocorrelationduration of usage and the charge in the battery of a mobile phone

Answers

We expect the variable to have a negative correlation.

This means that the more we use the phone the lower the charge will be.

Solve the inequality and graph the solution on the line provided.
< > M >
Inequality Notation:
Number Line:
or
-12 -10 -8 -6
-4 -2
0 2 4
Click and drag to plot line.
2x64 -48
6
8
10 12

Answers

Answer:

x ≥ 8

Step-by-step explanation:

Given

Inequality 2x - 64 ≥ - 48

Solution

2x - 64 ≥ - 482x ≥ 64 - 482x ≥ 16x ≥ 8

To graph the solution, plot the point x = 8, make it closed dot, shade the line to the right from this point.

The sum of three consecutive integers is -39. What are the three numbers? Enter your answer as three numbers separated by a comma.

Answers

Answer:

-12, -13, and -14

Explanation:

x, y, and z are the three consecutive numbers and they sum -39, so we can write the following equation

x + y + z = -39

Since these numbers are consecutives, we get

y = x + 1

z = x + 2

So, replacing these equation on the first one and solving for x, we get

x + y + z = -39

x + (x + 1) + (x + 2) = -39

x + x + 1 + x + 2 = -39

3x + 3 = -39

3x + 3 - 3 = -39 -3

3x = -42

3x/3 = -42/3

x = -14

Then, y and z are

y = -14 + 1 = -13

z = -14 + 2 = -12

Therefore, the consecutive numbers are

-12, -13, and -14

Karine invests $6,100 in an account with an annual interest rate of 4.5% compounded daily for 2 years.What is the return on investment for Karine's account?

Answers

Answer:

The return on investment for Katerine's account = 9.4%

Explanation:

Amount invested is the principal

Principal, P = $6,100

Annual Interest Rate, r = 4.5% = 0.045

The interest is compounded daily

Number of times the interest is compounded per year, n = 365

Number of years, t = 2 years

The amount after 2 years is calculated as:

[tex]\begin{gathered} A(t)=P(1+\frac{r}{n})^{nt} \\ A=6100(1+\frac{0.045}{365})^{365(2)} \\ A=6100(1.094) \\ A=6673.4 \end{gathered}[/tex]

The amount after 2 years = $6673.4

The interest = Amount - Principal

The interest = $6673.4 - $6100

The interest = $573.4

The return on investment is calculated as:

[tex]\begin{gathered} \text{ROI = }\frac{Interest}{Pr\text{incipal}}\times100\text{ \%} \\ \text{ROI}=\frac{573.4}{6100}\times100\text{ \%} \\ \text{ROI = }9.4\text{ \%} \end{gathered}[/tex]

The return on investment for Katerine's account = 9.4%

What is the coordinate of the midpoint of S the midpoint of ST write your answer as an integer or a decimal or mixed number in simple Form.

Answers

We have a segment ST in a number line.

We can calculate the midpoint M as the average of the position of the endpoints S and T.

The position of S is 11 and the position of T is 13, so the midpoint will be:

[tex]M=\frac{S+T}{2}=\frac{11+13}{2}=\frac{24}{2}=12[/tex]

Answer: the midpoint is 12.

b. (-4,-1) Y= 4/3 x + 6What’s the equation of the line in standard form

Answers

When two lines are perpendicular, the slopes of the lines m1 and m2 are related such that

m1m2 = -1

from the given equation comparing with tyhe general form of the equation of a line (y = mx + c)

m1 = 4/3

The slope of the perpendicular line is -3/4

The equation of the line

y- -1 = -3/4(x - -4)

y + 1 = -3/4(x + 4)

y + 1 = -3x/4 - 3

Subtract 1 from both sides

y + 1 - 1 = -3x/4 - 3 - 1

y = -3x/4 - 3 - 1

y = -3x/4 - 4

This is the standard form of the equation

what angle is Supplementary to angle 2 and what are the Verticle angles in this picture?

Answers

Suplementary angle = 180° - angle 2

is Angle 1,

because Angle 2 + Angle 1 = 180°

Part 2. Vertical angles are

Angles 2 and 5

111. 12 people fit comfortably in a 5 feet by 5 feet area. Use this value to estimate the size of a crowd that is 25feet deep on both sides of the street along a 3-mile section of a parade route (Hint: 1 mile - 5 280 ft)

Answers

Answer:

The estimated crowd is of 380160 people.

Step-by-step explanation:

We solve this question applying a proportion on the following format:

People divided by area.

Let's do the drawing:

12 people fit comfortably in a 5 feet by 5 feet area.

So

12 people fitting in an area of 5*5 = 25 ft².

Area of the street:

3 miles = 3*5280 ft = 15840 ft

25 feet on both sides. So, the total area in which the crowd is sparsed is:

A = 15840*25*2= 792000 ft².

Now we apply the ratio:

People over area.

[tex]\frac{12}{25}=\frac{x}{792000}[/tex]

Applying cross multiplication:

25x = 12*792000

x = (12*792000)/25

x = 380160

The estimated crowd is of 380160 people.

Coffee Shop PricesCup CostSmall $2Regular $4Large $5David and Jon are placing coffee orders for their friends.David orders 10 large cups of coffee. Jon orders 4 fewer large cups than David. Jon pays for his orders with a $50 bill.Jon wants to know how much he spent on coffee.What is a good plan to find the amount Jon spent on coffee?3rd grade student

Answers

Step 1:

Cost of large cup = $5

Step 2:

Number of large David orders = 10 cups

A good plan to find the amount Jon spent is to find the number of large cups Jon orders from the number of large cups David orders.

Jon order 4 fewer large cups

Therefore,

Jon order = 6 cups

Step 3:

A good plan to find the amount Jon spent is to find the number of large cups Jon orders from the number of large cups David orders.

The amount Jon spent on coffee = 6 x $5 = $30

32. Which statement is true if m and n are parallel? A slope m = slope (n)B slope m= -1 (Divide) slope (n)C slope m= 1 (Divide) slope (n)D slope m= -1 x slope (n)

Answers

Two lines that parallel, their slopes are equals.

L1 and L2 are parallel only if the slopes of the lines are s1 and s12 are identical

therefore the correct answer is A. slope m = slope (n) since they say that two slopes the same

Pls help with the question in the picture. 20 Points and brainliest.

Answers

Answer:

**NEED USEFUL ANSWER ASAP, H.W QUESTION**

Given that hotter blackbodies produce more energy than cooler blackbodies, why do cooler red giants have much higher luminosities than much hotter white dwarfs?

Step-by-step explanation:

Translate to an algebraic expression Twice "a"The translation is ...

Answers

Okay, here we have this:

Considering that twice an amount generally indicates taking two of the things in question; generally this indicates multiplying by 2.

This mean that if we have "twice a" when transferring it to an algebraic expression we obtain: 2a.

The price of acorn squash is proportional to the weight in pounds. You pay $6.36 for 4 pounds of acorn squash. How much does3 pounds of acorn squash cost?

Answers

In order to calculate the cost for 3 pounds of acorn squash, we can write the following rule of three:

[tex]\begin{gathered} \text{weight}\to\text{cost} \\ 4\text{ pounds}\to6.36 \\ 3\text{ pounds}\to x \end{gathered}[/tex]

Then, we can write the following equation and solve it for x:

[tex]\begin{gathered} \frac{4}{3}=\frac{6.36}{x} \\ 4\cdot x=3\cdot6.36 \\ 4x=19.08 \\ x=\frac{19.08}{4} \\ x=4.77 \end{gathered}[/tex]

Therefore the cost of 3 pounds is $4.77.

I’m trying to understand where I should shade a graph given the narrative

Answers

we have the system

[tex]\begin{gathered} x+y\leq4 \\ y\leq-x+4 \end{gathered}[/tex]

The solution to the first inequality is the shaded area below the solid line y=-x+4

[tex]x\ge2[/tex]

The solution to the second inequality is the shaded area to the right of the solid vertical line x=2

therefore

The solution to the system is the shaded area below the solid line y=-x+4 and to the right of the solid vertical line x=2

using a graphing tool

see the attached figure below

The solution is the triangular area

Create a table of values for the function graphed below using the plotted points. Remember, table of values are written with the -values in order from least to greatest (read the graph from left to right).

Answers

To create the table of values, we need to find the coordinates of the given points.

The coordinatesare given by (x,y), where x ican be found by drawing an imaginary vertical line passing through the point, and the x-value is the value of the x-axis where the line intercepts the x-axis.

The y-coordinate is given by the point of interception on the y-axis of a horizontal line passing through the point, so, for the fir tpoint the coordinates are:

[tex]\begin{gathered} (-2,5) \\ x-value\rightarrow-2 \\ y-value\rightarrow5 \end{gathered}[/tex]

If we apply the same procedure to the next points, we can find the following coordinates:

[tex]\begin{gathered} (-1,4) \\ (0,3) \\ (1,2) \\ (2,1) \end{gathered}[/tex]

Thus, th table of values will be:

x y

-2 5

-1 4

0 3

1 2

2 1

Please help me ASAP I’ll mark brainly

Answers

1. The scholar made a mistake in the last step

where he said x=3.5

SCHOLA DIVIDED 7 BY 2 INSTEAD OF DIVIDING BY 0.5

[tex]0.5x = 7 \\ \frac{0.5x}{0.5} = \frac{7}{0.5} \\ x = 14

AS A RESULTS GOT WRONG ANSWER . x is supposed to be 14.

Can you please help me with 44Please use all 3 forms of the expression such as : down/up. As _,_ And limits

Answers

Answer:

[tex]\begin{gathered} x-\text{intercept}=-3\text{ and 1} \\ y-\text{intercept}=\text{ -9} \end{gathered}[/tex][tex]\begin{gathered} x=1\text{ multiplicity 3} \\ x=-3\text{ multiplicity 2} \\ \lim _{x\rightarrow\infty}(x-1)^3(x+3)^2=\infty \\ \lim _{x\rightarrow-\infty}(x-1)^3(x+3)^2=-\infty \end{gathered}[/tex]

Step-by-step explanation:

To find the x-intercepts factor the function to the simplest form:

[tex]h(x)=(x-1)^3(x+3)^2[/tex]

As we can see the zeros to the function would be 1 and -3, then its:

[tex]\begin{gathered} x-\text{intercept}=-3\text{ and 1} \\ y-\text{intercept}=\text{ -9} \end{gathered}[/tex]

Zero has a "multiplicity", which refers to the number of times that its associated factor appears in the polynomial. Therefore, this function has multiplicity:

[tex]\begin{gathered} x=1\text{ multiplicity 3} \\ x=-3\text{ multiplicity 2} \end{gathered}[/tex]

For the end behavior:

down/up

As x approaches infinity f(x) approaches infinity

As x approaches -infinity f(x) approaches -infinity

[tex]\begin{gathered} \lim _{x\rightarrow\infty}(x-1)^3(x+3)^2=\infty \\ \lim _{x\rightarrow-\infty}(x-1)^3(x+3)^2=-\infty \end{gathered}[/tex]

11) Describe the number and type of roots for 2x2 + 19x - 33 = 0.[A] 2 real solutions [B] 2 complex solutions [C] 1 real solution[D] 1 complex solution

Answers

Explanation:

The first thing we will do is to solve for x in the equation:

Using factorization method:

The factors are +22 and -3. This because the addition of this number will give you the coefficient of x (19) while the multiplication will give -66

I will show you the pic

Answers

We are given the following system of equations:

[tex]\begin{gathered} 6x-4y=-8,(1) \\ y=-6x+2,(2) \end{gathered}[/tex]

To solve this system by substitution we will replace the value of "y" from equation (2) in equation (1)

[tex]6x-4(-6x+2)=-8[/tex]

Now we use the distributive property:

[tex]6x+24x-8=-8[/tex]

Now we add like terms:

[tex]30x-8=-8[/tex]

Now we add 8 to both sides:

[tex]30x-8+8=-8+8[/tex]

Solving the operations:

[tex]30x=0[/tex]

Dividing by 30:

[tex]x=\frac{0}{30}=0[/tex]

Therefore x = 0. Now we replace the value of "x" in equation (2):

[tex]\begin{gathered} y=-6x+2 \\ y=-6(0)+2 \\ y=2 \end{gathered}[/tex]

Therefore, the solution of the system is:

[tex](x,y)=(0,2)[/tex]

SSS
L
J
++
A) LJ=HF
LK=LG
C)
K
H
G
F
B) LJ LF or D) ZL=LH

Answers

Answer:

A. LJ≅HF

Step-by-step explanation:

Same as last time

Point-Slope Form: y + 2 = -7(x − 4)Rewrite the equation in slope-intercept form

Answers

Given the equation of a line in Point-Slope Form:

[tex]y+2=-7(x-4)[/tex]

You need to rewrite it in Slope-Intercept Form:

[tex]y=mx+b[/tex]

Where "m" is the slope of the line and "b" is the y-intercept.

Then, you have to solve for "y":

1. Apply the Distributive Property on the right side of the equation. Remember the Sign Rules for Multiplication:

[tex]\begin{gathered} +\cdot+=+ \\ -\cdot-=+ \\ -\cdot+=- \\ +\cdot-=- \end{gathered}[/tex]

Then:

[tex]y+2=(-7)(x)+(-7)(-4)[/tex][tex]y+2=-7x+28[/tex]

2. Apply the Subtraction Property of Equality by subtracting 2 from both sides of the equation:

[tex]y+2-(2)=-7x+28-(2)[/tex][tex]y=-7x+26[/tex]

Hence, the answer is:

[tex]y=-7x+26[/tex]

Use trigonometry to find QP. Round to the nearest tenth.

Answers

Since this is a right triangle, we can use trig functions

cos theta = adj side/ hypotenuse

cos Q = QP / QR

cos 38 = QP / 25

25 cos 38 = QP

19.70026884= QP

Rounding to the nearest tenth

19.7 = QP

Cylinder A has radius r, height h, and a volume of 10 pi cubic units. Cylinder B hastwice the radius and twice the height.hATBWhat is the volume of cylinder B?I2r2h

Answers

Volume of a cylinder:

[tex]V=h*r^2*\pi[/tex]

For cylinder A:

[tex]10\pi cm^3=h*r^2*\pi[/tex]

For cylinder B:

[tex]V_B=2h*(2r)^2*\pi[/tex]

Simplify the equation for volumen of cylinder B:

[tex]\begin{gathered} V_B=2h*4r^2*\pi \\ V_B=8*(h*r^2*\pi) \end{gathered}[/tex]

in the equation for the volume of cylinder A you have the value of h*r^2*π:

[tex]\begin{gathered} V_B=8*(10\pi cm^3) \\ V_B=80\pi cm^3 \end{gathered}[/tex]Then, the volume of cylinder B is 80π cubic centimeters.

if you're lonely then be lonely with me but I need your help

Answers

Assuming question is:[tex]-5(7+x)+2\frac{5}{6}x=0[/tex]

Let's use distributive property to simplify:

[tex]-35-5x+2\frac{5}{6}x=0[/tex]

Now we add up the x's and take number to another side:

[tex]\begin{gathered} -5x+2\frac{5}{6}x=35 \\ -2\frac{1}{6}x=35 \end{gathered}[/tex]

We make 2 and one-sixth into improper fraction and divide to get x:

[tex]\begin{gathered} -\frac{13}{6}x=35 \\ x=\frac{35}{-\frac{13}{6}} \\ x=35\cdot-\frac{6}{13}=-\frac{210}{13} \end{gathered}[/tex]

x is "minus 210 over thirteen"

I am canfusing in this question can you solve it.

Answers

Answer:

Step by step explanation:

The time spent waiting in the line is approximately normally distributed. The mean waiting time is 5 minutes and the standard deviation of the waiting time is 3 minutes. Find the probability that a person will wait for more than 1 minute. Round your answer to four decimal places.

Answers

We were given the following details:

This is a normal distribution. Normal distributions are solved using the z-score

[tex]\begin{gathered} \mu=5min \\ \sigma=3min \end{gathered}[/tex]

The z-score for a value, X is calculated using the formula:

[tex]\begin{gathered} Z=\frac{X-\mu}{\sigma} \\ The\text{ probability that a person will wait more than 1 minute implies that: }X=1 \\ Z=\frac{1-5}{3} \\ Z=-\frac{4}{3} \\ At\text{ Z =}-\frac{4}{3}\text{, pvalue =}0.091759 \\ The\text{ probability that a person waits more than 1 minute is given by:} \\ P=1-0.091759 \\ P=0.908241\approx0.9082 \\ P=0.9082\text{ or }90.82\text{\%} \end{gathered}[/tex]

-3x + 14y =7 -2x + 13y = -1Should this be solved by elimination or substitution?

Answers

ANSWER

Elimination

EXPLANATION

We want to decide what method will be easier to solve the system of simultaneous equations.

From the equation, we see that attempting substitution will be quite difficult because there will be fractions involved thereby making simplification difficult.

On the other hand, elimination will involve multiplying the two equations by certain factors and solving.

Therefore, elimination will be more convenient.

Valerie drives 400 meters up a hill that makes an angle of 20° with thehorizontal. To the nearest tenth of a meter what horizontal distance hasshe covered? A.425.7mt B.375.9mt C.1169.5mt or D.136.8mt

Answers

Given:

Valerie drives 400 meters up a hill that makes an angle of 20° with the horizontal.

To find:

The horizontal distance she has covered.

Solution:

The figure showing the scenario is as follows:

Let the horizontal distance traveled be x meters.

The horizontal distance traveled can be obtained using the trigonometric function cosine.

In the figure,

[tex]\begin{gathered} \cos 20=\frac{x}{400} \\ 0.94=\frac{x}{400} \\ x=400\times0.93969 \\ x=375.877 \end{gathered}[/tex]

Thus, the horizontal distance covered is 375.9 ft.

Thus, option B is correct.

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