Find the deposit required to accumulate $7700 after investing 3 years in an account that pays an APR of 5% compounded quarterly. How much is earned in interest?

Answers

Answer 1

Answer:

The deposit required is $6633.62   and the interest earned is $366.38

Step-by-step explanation:

Compound interest occurs when the interest earned is reinvested rather than paying it out. When it happens interest in the next period is then earned on the principal sum plus previously accumulated interest.

The formula is:

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

Where:

A = final amount

P = initial principal balance

r = interest rate

n = number of times interest applied per time period

t = number of time periods elapsed

It's given the final amount A=$7700 after t=3 years of investment in an account that pays an APR of r=5%=0.05. Since the interests compound quarterly and there are 4 quarters in a year, then n=4.

To find the principal P, we solve the previous equation for P as follows:

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

Substituting:

[tex]{\displaystyle P=7700\left(1+{\frac {0.05}{4}}\right)^{-4\cdot 3}}[/tex]

[tex]{\displaystyle P=7700\left(1+0.0125}\right)^{-12}}[/tex]

P=$6633.62  

The interest earned is:

I = A - P = $7700 - $6633.62 = $366.38

The deposit required is $6633.62   and the interest earned is $366.38


Related Questions

can someone help me with this?

Answers

Answer:haha no

Step-by-step explanation:

Choose the point-slope form of the equation below that represents the line that
passes through the points (-6,4) and (2,0). (2 points)

Answers

Answer:

y - 4 = -0.5(x + 6)

Step-by-step explanation:

Answer:(4-,6)

Step-by-step explanation:hope this helps  u i do my best to helps ever one

What is the first thing you do before solving an adding fraction problem
Pls help

Answers

Answer:

The first thing you do is make the denominators equal on both sides.

Step-by-step explanation:

As a example if you have the equation:

[tex]\frac{1}{2}[/tex] + [tex]\frac{2}{5}[/tex] =

you would multiply the denominator by the smallest multiple. I would do 2 * 5= 10

this would make the equation

[tex]\frac{x}{10} + \frac{x}{10} = ...[/tex]

next you have to do the same with the numerator.

so sence you multiplied the [tex]\frac{1}{2}[/tex] by five you will get [tex]\frac{5}{10}[/tex]

same with the other fraction except you multiplied it by two.[tex]\frac{2}{5}[/tex] x 2 = [tex]\frac{4}{10}[/tex]

next you add and simplify if needed

Answer:

3 simple steps

Step-by-step explanation:

1.     Make sure the bottom numbers ( the denominators ) are the same

       IF DIFFERENT find the LCD

2.    Add the top numbers (the numerators )

3.    simplify the fraction if needed

ex:  1/4 +1/4 = 2/4  (bottoms were the same) simplify  1/2

       1/3 + 1/6    LCD of 3 and 6 so make the bottom numbers 6

                         so multiply  1/3 x  2 = 2/6

        now you have 2/6 + 1/6 = 3/6    simplify 1/2

How many different four digit alarm codes can be form for a house alarm be 2,4 or 9 and all the other digits can be any number and numbers can be repeated

Answers

Answer:

Bro, are you trying to break into someone's house of somethin?

Step-by-step explanation:

I NEED HELP WITH B AND E​

Answers

B is 100 but I’m not that sure of what e is sorry!

(HELP 50 POINTS)
A beach lifeguard wants to create the largest triangular area he can with three lengths of rope to provide beach goers with maximum amount of space to play and swim in the water. Multiple buoys are attached to each rope in order to identify the designated swimming area. The first rope is 42 feet long, the second is 50 feet long, and then the third is 107 feet long. The lifeguard can only cut one of the ropes in order to create a triangle with the largest possible perimeter. How much rope, in feet, will be remaining after the lifeguard creates the designated swimming triangle? (Note: answer should be a whole number.)

Answers

Answer:

16

Step-by-step explanation:

I am doing Prepworks Basic triangles as well :D

There are 40 students in a class.
Each student walks to school or cycles to school or gets the bus to school
There are 22 girls in the class.
9 of the girls walk to school.
7 of the boys cycle to school.
6 of the 10 students who get the bus to school are boys.
Find the number of these students who walk to school.

Answers

Step-by-step explanation:

Total no. of students = 40

Total no. of girls = 22

Total no. of boys = 40 - 22 = 18

No. of girls walking to school = 9

No. of girls who cycle to school = 22 - 9

No. of boys who cycle to school = 7

No. of students who take the bus = 10

(6 boys and 4 girls)

No. of boys who walk to school = 18 - (7 + 6) = 5

Total no. of students who walk to school = 9 + 5 = 14

The number of students who walked to school was 14 students

What is an Equation?

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.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

The equations will be ,

Let the total number of students in the class be A = 40 students

The number of girls in the class = 22 students

The number of boys in class = total number of students - number of girls

                                                = 40 - 22

                                                = 18 students

Now ,

The number of girls who walked to school = 9 students

The number of boys who cycled to school = 7

So , remaining boys = 18 - 7

                                 = 11 students

The number of boys who take bus to school = 6 students

So , remaining boys = 11 - 6

                                 = 5 students

Therefore , the remaining boys in the class walks to school = 5 students

So , the equation will be

And , the total number of students who walked to school =
number of boys in the class that walks to school + number of girls who walked to school

Total number of students who walked to school = 9 + 5

                                                                                = 14 students

Hence , The number of students who walked to school was 14 students

To learn more about equations click :

https://brainly.com/question/10413253

#SPJ2

The entrance to an accessibility ramp is at ground level
The first section of the ramp covers a horizontal distance of 18 feet and rises to a
landing 1.5 feet above the ground
The second section of the ramp begins at the landing, it rises at a slope of t; and
covers another 9 feet of horizontal distance to reach the door
Second section
First section
Door
13 feet
ber
NOTE Sketch not drawn to scale
Answer the questions to compare the sections of the ramp
1. What is the slope of the ramp from the ground to the landing? Write your answer
as a fraction with a whole number numerator and denominator
Write your answer in the space below.

Answers

Answer:

250 feet

Step-by-step explanation:

Answer:

1)"rise over run" = 1.5/18 = 3/36 = 1/12 for the 1st section to the landing

2)slope is the change in height, the vertical change, divided by the change in horizontal distance

3)2nd section has slope 1/18 and covers 9 feet. That means it rises 1/2 foot

4)slope = 1/18 = (1/2)/9  

5)the door is 2 feet higher than the ground level,  1.5 + .5 = 2 feet change vertically

A system of equations has no solution. If y = 8x + 7 is one of the equations, which could be the other equation?
O 2y = 16x +14
O y = 8x - 7
O y = -8x + 7
O 2y = -16x - 14

Answers

Y= 8x-7 must be the answer

The other equation could be y = 8x - 7

How to determine the other equation?

The first equation is given as:

y = 8x + 7

For the system of equation to have no solution, then the equations in the system would have different constant values.

Take for instance:

y = 8x + b

Where:

b is a constant not equal to 7

From the options, we have:

y = 8x - 7

Notice that -7 and 7 are not the same

Hence, the other equation could be y = 8x - 7

Read more about system of equations at:

https://brainly.com/question/13729904

Classify the following triangle by its side lengths:

Answers

With two equal sides it’s called isosceles triangle

Answer:

Isosceles triangle

Step-by-step explanation:

all sides the same=scalene triangle

2 sides the same=isosceles triangle

all sides the same=equilateral triangle

Can sumone please help me w this question? It math. 10 points. What is the value of r in the equation 3r − 6 = 18?

Answers

In this problem r=4 !!!
the answer is r=8

3(8)-6=16

There were 3 squirrels and 18 acorns on Josh's back porch. What was the ratio of acorns to squirrels? Enter your answer in reduced form.

Answers

Answer: 1:6

Step-by-step explanation:

Reduce each side of the ratio

Answer:

For every 1 squirrel there are 6 acorns

Step-by-step explanation:

u just divide 18 by 3

:∫ PLZZ help ;⊃ plz no playing around I need actual answer

Answers

Answer:

d.

Step-by-step explanation:

Answer:

D

Step-by-step explanation:

15/10 goes down to 3/2 divide 15 by 5

21/14 goes down to 3/2 divide 21 by 7

Verify that the function satisfies the three hypotheses of Rolle's Theorem on the given interval. Then find all numbers c that satisfy the conclusion of Rolle's Theorem. (Enter your answers as a comma-separated list.)f(x) = 3 â 48x + 4x2, [5, 7]

Answers

Answer:

Step-by-step explanation:

The given equation is:

f(x) = 3 - 48x + 4x²      [5,7]

where; f(x) is continous and derivable in [5,7]

f'(x) = -48x + 8x

f(5) = 3 - 48(5) + 4(5)² = -137

f(7) = 3 - 48(7) + 4(7)² = -137

Thus, it satisfies the hypotheses of Rolle's Theorem

f'(x) = f'(c) = 0

-48 + 8c = 0

c =48/8

c = 6

(04.04 LC)
On a coordinate grid, point T is at (2,-4) and point Sis at (2,6). The distance (in units) between points T and Sis
numbers, such as 2.) (5 points)
(Input only whole

Answers

Answer:

The distance 'd' between T and S:

[tex]d=10[/tex]

Step-by-step explanation:

As the point 'T' is located at (2, -4)

So, the point 'T' has the coordinates (2, -4)

And the point 'S' is located at (2, 6)

So, the point 'T' has the coordinates (2, 6)

The distance 'd' between T and S can be computed using the formula:

[tex]d=\sqrt{\left(x_2-x_1\right)^2+\left(y_2-y_1\right)^2}[/tex]

[tex]=\sqrt{\left(2-2\right)^2+\left(6-\left(-4\right)\right)^2}[/tex]

[tex]=\sqrt{\left(2-2\right)^2+\left(6+4\right)^2}[/tex]

[tex]=\sqrt{0+10^2}[/tex]

[tex]=\sqrt{10^2}[/tex]

[tex]d=10[/tex]

Therefore, the distance 'd' between T and S:

[tex]d=10[/tex]

Answer:

t and s

Step-by-step explanation:

Richmond High School purchased 90 graphing calculators for $110
each. The school received a manufacturer's rebate of $10 per
calculator. After the rebate, what was the total cost of the
calculators?

Answers

Answer:

$9000

Step-by-step explanation:

110 x 90 = 9900

90 x 10 = 900

9900 - 900 = 9000

Nick volunteers at the library shelving books.
The graph shows how many books Nick shelves one Saturday.

Graph of a diagonal line on a coordinate plane with ALTDCTime in hoursALTDC on x-axis and ALTDCNumber of BooksALTDC on y-axis. The diagonal line is going up and to the right. Line passes through points (0, 0), (2, 60) and (4, 120).

Part A
How many books does Nick shelve in 2 hours? Enter your answer in the box.

books


Part B
What does the point (3, 90) represent on the graph?
A.


Nick volunteers 90 hours in 3 weeks.
B.


Nick earns $90 in 3 weeks.
C.


Nick shelves 90 books in 3 hours.
D.


Nick shelves 90 books on 3 Saturdays.

Answers

Answer:

B: A

He earns $90 in 3 weeks.

C

He shelves 90 books in 3 hours.

Step-by-step explanation:

Answer:

Step-by-step explanation:

Answer this please thanks

Answers

Answer:

The answer is yes, since the graph is an equal line throughout.

Step-by-step explanation:

Please help me due today by 3:00pm please help me

Answers

-3n+9 = 3n + 9
9 = 0n + 9
n = 0

Answer

n= 0

Explanation

- 3 (n - 3) = 3n + 9−3(−3)=3+9

−3+9=3+9

−3=3

-3n=3n−3n=3n

−3−3=3−3

−6=0

8 more than the quotient of a number and 2 is 14. find the number

Answers

Answer:

x = 12

Step-by-step explanation:

x/2 + 8 = 14Subtract 8 from both sides because it is the inverse operation of addition. x/2 = 6Multiply both sides by 12 because it is the inverse operation of division. x = 12

The sum of two numbers is -14. If the smaller number is subtracted from the larger number, the result is 10. Find the number

Answers

Answer:

The sum of two numbers is 78. If four times the smaller number is subtracted from the larger number, the result is 13. What are the two numbers?

Step-by-step explanation:

EQUATION:

x+ y = 78

x-4y = 13

-------------

solve by any method to get:

x = 65

y = 13

4:9 is an equivalent ratio to 36:__

Answers

Answer:

36:81

Step-by-step explanation:

4 to 36 is times 9, so you have to multiply 9 by 9 to complete the ratio which is how you get 81.

Raul Del Valle's gross weekly salary is S615. His weekly federal withholding is S55. The Social Security tax is
6,2% of the first $97.500 he earns. The Medicare tax is 1.45% of gross pay. The state tax is 1.5% of gross pay.
Each week he pays $12.40 for medical insurance. How much is deducted from Raul's weekly wages for state tax
and Medicare tax?​

Answers

Answer:

Step-by-step explanationjiuijkk8

u:

Please help me with this

Answers

Answer:

$62.50

Step-by-step explanation: 250 divided by 4 equals $62.10

3x = 0.5.x2
o o
O x= -6 or x = 0
O
x= -4 or x = 3
o
x = -2 or x = 1.5
x = 0 or x = 6

Answers

Answer:

the answer is x=0 or x=6, hope this helps

The length of the rectangle is 3ft less than twice the width,and the area of the rectangle is 27ft^2,find the diameter

Answers

Answer:

The dimensions of rectangle are:

width = w = 4.5 ftlength = l = 6 ft

Step-by-step explanation:

Let 'l' be the length and 'w' be the width of the rectangle

The length 'l' of the rectangle is 3ft less than twice the width 'w'.

so

[tex]l=2w-3[/tex]

Also, the area of the rectangle is 27ft^2.

[tex]A=27\:ft^2[/tex]

As the area of the rectangle has the formula:

[tex]\:A\:=\:l\times w[/tex]

so

[tex]27=\:l\times w[/tex]

so the equation becomes

[tex]27=\left(2w-3\right)\times \:w[/tex]

[tex]27=2w^2-3w[/tex]

[tex]2w^2-3w-27=0[/tex]

[tex]\left(w+3\right)\left(2w-9\right)=0[/tex]

if   [tex]ab=0\:\mathrm{then}\:a=0\:\mathrm{or}\:b=0\:\left(\mathrm{or\:both}\:a=0\:\mathrm{and}\:b=0\right)[/tex]

[tex]w+3=0\quad \mathrm{or}\quad \:2w-9=0[/tex]

[tex]w=-3,\:w=\frac{9}{2}[/tex]

as the width can not be negative, so

[tex]w=\frac{9}{2}=4.5[/tex] ft

As

[tex]l=2w-3[/tex]

[tex]l=2\left(4.5\right)-3[/tex]

[tex]l=9-3[/tex]

[tex]l=6[/tex]

So the dimensions of rectangle are:

width = w = 4.5 ftlength = l = 6 ft

If triangle ABC is equilateral, and side AC is 7m long, how long is side BC?

Answers

Answer:

7m

Step-by-step explanation:

In an equilateral triangle all the sides and angles are the same

I believe the answer is 8m

I WILL GIVE YOU 20 POINTS AND THE BRAINLYEST
all of the points in the picture are on the same line.

Find the slope on the like exain or show your reasoning

write and equation for the line.

find the values for A and B. Explain your reasoning. ​

Answers

Answer/Step-by-step explanation:

✍️Slope of the line using two points, (2, 2) and (6, 10),

[tex] slope (m) = \frac{y_2 - y_1}{x_2 - x_1} = \frac{10 - 2}{6 - 2} = \frac{8}{4} = 2 [/tex]

✍️To find the equation of the line in slope-intercept form, we need to find the y-intercept (b).

Substitute x = 2, y = 2, and m = 2 in y = mx + b, and solve for b.

2 = (2)(2) + b

2 = 4 + b

2 - 4 = b

-2 = b

b = -2

Substitute m = 2 and b = -2 in y = mx + b.

✅The equation would be:

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

[tex] y = 2x - 2 [/tex]

✍️To find the value of a, plug in (a, 8) as (x, y) into the equation of the line.

[tex] 8 = 2(a) - 2 [/tex]

[tex] 8 = 2a - 2 [/tex]

Add 2 to both sides

[tex] 8 + 2 = 2a [/tex]

[tex] 10 = 2a [/tex]

Divide both sides by 2

[tex] \frac{10}{2} = a [/tex]

[tex] 5 = a [/tex]

a = 5

✍️To find the value of b, plug in (4, b) as (x, y) into the equation of the line.

[tex] b = 2(4) - 2 [/tex]

[tex] b = 8 - 2 [/tex]

[tex] b = 6 [/tex]


PLEAS HELP FAST!!!!!!!!!!!!!!

Answers

Answer: Point D

Step-by-step explanation: Point D is at 3 and 3/4.

I think the answer is point D

PLEASE HELP!!!!
The state of Texas did a random sample of the weight of 15 year old boys. The 10 boys they sampled had a total weight of 1250 pounds. What is the best guess (point estimate ) for the average weight of 15 yearold boys in Texas?

Answers

1250/10=125

Hope this helps and have and AWESOME night!!! :)

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