To help with his retirement savings, Dan has decided to invest. Assuming an interest rate of 3,43% compounded quarterly, how much would he have to invest
to have $148,700 after 18 years?
Do not round any intermediate computations, and round your final answer to the nearest dollar. If necessary, refer to the list of financial formulas.
00
si
X
5
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Answers

Answer 1

Answer:

He would have to invest $80,412.

Step-by-step explanation:

Compound interest:

The compound interest formula is given by:

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

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

Assuming an interest rate of 3,43% compounded quarterly.

This means that [tex]r = 0.0343, n = 4[/tex]

How much would he have to invest to have $148,700 after 18 years?

This is P for which [tex]t = 18, A(t) = 148700[/tex]. So

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

[tex]148700 = P(1 + \frac{0.0343}{4})^{72}[/tex]

[tex]P = \frac{148700}{(1 + \frac{0.0343}{4})^{72}}[/tex]

[tex]P = 80412[/tex]

He would have to invest $80,412.


Related Questions

please answer faster then I will mark you branliest​

Answers

Answer:

4. The strength of class V is 300

5. Meenakshi bought a TV for Rc 46,000

Step-by-step explanation:

4. To round to the nearest hundred, check the number in the 'tens'. If its five or greater, round up, and if its lower than 5, round down. In this case it was 7, so we rounded up to 300.

5. To round to the nearest thousand, check the number in the 'hundreds'. If its five or greater, round up, and if its lower than 5, round down. In this case it was 3, so we rounded down to 46,000.

If function g has the factors (x - 7) and (x + 6), what are the zeros of function g?
ОА.
-7 and 6
OB.
-6 and 7
Oc.
6 and 7
OD
-7 and -6

Answers

Answer:

7 and -6

Step-by-step explanation:

Given

Factors: (x - 7) and (x + 6)

Required

Determine the zeros

To do this, we simply equate the factors to 0

[tex]x - 7 = 0[/tex]

[tex]x = 7[/tex]

[tex]x + 6 = 0[/tex]

[tex]x = -6[/tex]

So, the zeros are -7 and 6

1 2 2/3×2 1/3 plz help plz

Answers

Answer:

76/9

Step-by-step explanation:

Alternative form: 8 4/9, 8.4

Find the circumference of the circle and round to the nearest tenth

Answers

Answer:

circumference of circle = 2×pi×r

circumference of circle = 2×3.14×12.7

circumference of circle = 79.756 in

Someone please help me I’ve been trying all day!

NO LINKS , answers only
I MEAN IT!!!!

Answers

Answer:

Step-by-step explanation:

You want to set up a system. We are given some points fo we can set up inputs and outputs. F(0) = 5, given by point (0,5). and F(3)=135, given by point (3,135). The exponential function general equation is F(x)= a(b)^x. plug in out functions into the general equation to get a(b)^0=5 and a(b)^3=135. Then you simplify and solve for a. In the equation a*b^0=5, anything to the power of 0 is 1. so a*1=5. Therefore a=5. we plug in the a to the second equation to find b. 5*b^3=135. b^3=27. b=3 from simplifying. Therefore, the equation should be 5(3)^x. THATS IT!

Jim, Dan, and David share some sweets in the ratio 6:2:1. Jim gets 25 more sweets than David. How many sweets are there altogether

Answers

Answer:

45 sweets.

Step-by-step explanation:

6:2:1

To solve how many Jim and Dan has I did 6 x n and 1 x n until the difference of the two numbers equaled 25.

6 x 5 = 30

1 x 5 = 5

30 - 5 = 25.

So, Jim as 30 candy and Dan has 1. How much does David have?

Just do the same thing but with 2 x n:

2 x 5 = 10.

Now add them together:

30 + 10 + 5 = 45.

Therefore, 45 sweets!

Fran baked 12 lemon tarts for her son, Bob. He gobbled up 4 tarts. What fraction of lemon tarts did bob eat?

Answers

Answer:

One third or 1/3

Step-by-step explanation:

1/3 simplified or 4/12

You took out a loan for $15,000 for 3 years with an interest rate of 3.5%. Including interest, how much will you pay total?

Answers

Answer:

39%

Step-by-step explanation:

When a new highway is formed, the smoothness of the surface must be verified. A contractor is making a bid for this job and has a truck with the relevant detector. This detector must meet minimum standards for detecting irregularities in the road surface. If there is a roadway irregularity, there is a probability of 0.99 the detector will detect it. If there is no irregularity, there is a 0.06 probability detector will identify it as irregular (a false positive). It is known through experience that 3 miles out of 100 miles actually contain irregularities.
a. What is the probability the detector will identify a random mile of roadway as irregular? Give your answer to four decimal places.
b. Given a randomly selected miles has been identified as irregular by the detector, what is the probability it actually is irregular? Give your answer to four decimal places.

Answers

Answer:

a) 0.0879 = 8.79% probability the detector will identify a random mile of roadway as irregular.

b) 0.3379 = 33.79% probability it actually is irregular

Step-by-step explanation:

Conditional Probability

We use the conditional probability formula to solve this question. It is

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)}[/tex]

In which

P(B|A) is the probability of event B happening, given that A happened.

[tex]P(A \cap B)[/tex] is the probability of both A and B happening.

P(A) is the probability of A happening.

a. What is the probability the detector will identify a random mile of roadway as irregular?

99% of 3%(it is irregular).

6% of 97%(false positive). So

[tex]p = 0.99*0.03 + 0.06*0.97 = 0.0879[/tex]

0.0879 = 8.79% probability the detector will identify a random mile of roadway as irregular.

b. Given a randomly selected miles has been identified as irregular by the detector, what is the probability it actually is irregular? Give your answer to four decimal places.

Conditional probability:

Event A: Identified as irregular

Event B: It is irregular.

0.0879 = 8.79% probability the detector will identify a random mile of roadway as irregular, which means that [tex]P(A) = 0.0879[/tex]

99% of 3% arre irregulars identified as, which means that [tex]P(A \cap B) = 0.03*0.99 = 0.0297[/tex]

The desired probability is:

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)} = \frac{0.0297}{0.0879} = 0.3379[/tex]

0.3379 = 33.79% probability it actually is irregular

give proof and show work and ill give brainliest

Answers

Answer:

84in

Step by Step Explanation:

SA = 2bh + b^2

SA = 2(6)(4) + 6^2

SA = 48 + 36

SA = 84

Help me !!!
Please I really need it

Answers

Answer:

i don't know

Step-by-step explanation:

find the value of x and is it congruent or not​

Answers

Answer:

x would be 10.

It is congruent since two sides are given to be congruent. This can be proven with the SSS Congruence Postulate.

simplify -8f+2f+2f



please help me don't tell me links tell me the direct answer with explanation ​

Answers

Answer:

-4f

Step-by-step explanation:

-8f+2f=-6f then -6f+2f (since its a positive number) = -4f

Answer:

its easy its like adding

-4f

Step-by-step explanation:

add -8f and 2f

which equals -6f+2f

and then add those two

which then gives -4f

hope it helps!

What is the equation of a line that contains the point (6,-4) and has a slope of 3/4?
A. y-4 = 3/4 (x-6) B. y+ 4 = 3/4 (x-6) C. y- 6 = 3/4 (x-4) D. y-6 = 3/4 (x+4)

Answers

Answer:

B. y+ 4 = 3/4 (x-6)

Step-by-step explanation:

Given:

m = 3/4

Slope-intercept:

y - y1 = m(x - x1)

y + 4 = 3/4(x - 6)

Plz I need help with this

Answers

Answer:56

Step-by-step explanation:

Which of the following is a true proportion

Answers

The second one, your welcome

3 cm
.
.
5 cm
If the base is halved and the height is quadrupled, then which of the following statements
about its area will be true?

Answers

Answer:

I think 7

Step-by-step explanation:

if the moon is purple then what toothpaste do u use on your but

Histogram help!(look at the picture)The histogram below shows the admission cost of some theme parks across the country.How many theme parks have an admission cost between $7 and $22?
12 theme parks
5 theme parks
18 theme parks
8 theme parks

Answers

Answer:

12

Step-by-step explanation:

5+7=12

5 have 7-14

7 have 15-22

The final answer is 12

7) Rob and Amy are selling cheesecakes for a school fundraiser. Customers can buy New York
style cheesecakes and chocolate marble cheesecakes. Rob sold 11 New York style cheesecakes
and 7 chocolate marble cheesecakes for a total of $266. Amy sold 4 New York style cheesecakes
and 14 chocolate marble cheesecakes for a total of $280. What is the cost each of one New York
style cheesecake and one chocolate marble cheesecake?

Answers

9514 1404 393

Answer:

New York style: $14Chocolate Marble: $16

Step-by-step explanation:

We can let n and c represent the costs of the New York style and the chocolate marble cheesecakes, respectively. Then the two sales are ...

  11n +7c = 266 . . . . . . . Rob's sale

  4n +14c = 280 . . . . . . Amy's sale

The ratio of coefficients of c is a "nice" number (2), so we can eliminate the c variable easily to solve this. Dividing the second equation by 2 and subtracting it from the first gives ...

  (11n +7c) -(1/2)(4n +14c) = (266) -(1/2)(280)

  9n = 126 . . . . . . simplify

  n = 14 . . . . . . . . divide by 9

Filling this into the first equation, we have ...

  11(14) +7c = 266

  7c = 112 . . . . . . . . subtract 154

  c = 16 . . . . . . . divide by 7

One New York style cheesecake costs $14; one chocolate marble cheesecake costs $16.

Select the correct answer. What is the period of ? A. B. C. D.

Answers

What is this question what the heck

Answer:=

2π/3

Step-by-step explanation:

plato

please help. my khan is due at 6

Answers

Answer:

10.5 meter sqaured

Step-by-step explanation:

Answer:

Answer is 10.5 meters squared

Step-by-step explanation:

Please help ASAP!!!!!

Answers

Answer:

First term of the given series = 4

The last term of the given series = 11

Step-by-step explanation:

Explanation

Given that the sum of the series

                  ∑⁸ₙ₋₁  (n+3)

The [tex]n^{th}[/tex] term of the given sequence

           aₙ = (n+3)

Put n=1

         a₁ = 1+3 = 4

Put n=2

        a₂ = 2+3 =5

Put n=3

       a₃ = 3+3 = 6

Put n=4

     a₄ = 4+3 =7

Put n=5

    a₅ = 5+3 =8

Put n=6

   a₆ = 6+3 =9

Put n=7

  a₇ = 7+3 = 10

Put n=8

  a₈ = 8+3 =11

The sequence of the given series

          4,5,6,7,8,9,10,11

Final answer:-

First term of the given series = 4

The last term of the given series = 11

           

What are the vertices of angle A’B’C’ if angle ABC is dilated by a scale factor of 2?

Answers

Answer:

The answer is A

Step-by-step explanation:

a=(0,10)×2, b =(8,6)×2 c=(4,2)×2

Find the equation for the
following parabola.
Vertex (0, 0)
Focus (-3, 0)
A. 42 = 12y
B. y2 = -12%
C. -(3/2)/2 = x
D. X2 = 127

Answers

Answer:

::::::::::

B. y^2= -12x

a customer purchases windows for $15,000 using a credit card. If the interest is compounded monthly at a rate of 16% per year, how much interest will be charged at the end of three years?​

Answers

Answer:

≈ $9164.35

Step-by-step explanation:

The future amount A is calculated as

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

P is the Principle

r is interest rate

n is number of times per year compounding happens

t is the number of years

Here P = 15000 , r = 16% = 0.16, n = 12 , t = 3

A = 15000 [tex](1+\frac{0.16}{12}) ^{(12(3))}[/tex]

   = 15000 ([tex](1.01333)^{36}[/tex]

   ≈ 24164.35

Interest paid = $24164.35 - $15000 = $9164.35

Answer:

The future amount A is calculated as

A = P (1+\frac{r}{n}) ^{nt}(1+nr)nt

P is the Principle

r is interest rate

n is number of times per year compounding happens

t is the number of years

I was unsure if my answer was incorrect please help

Answers

3 is the correct answer

PLEASE HELP, I WILL MARK BRAINLIEST(no links)

Answers

Answer:

-70 degrees

Step-by-step explanation:

What you need to do is subtract 10 from -58 to find the difference;

-58-12 = -70 degrees

-70 degrees because -58 - 12

A simulation produces an experimental probability of 0.45. How many times
did the event occur if the number of trials was 380?

Answers

Answer:

Ihe answer is 845 times

Step-by-step explanation:

Find the missing angle. Find x

Answers

Answer: 20

Reason: They're opposite meaning they are the same when compared to the side

What are the restrictions on x? square root of 5x^2

Answers

Step-by-step explanation:

there are actually no restrictions. even with a negative x, squaring it makes for a positive result.

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