You open a money market account with $7500 at 5% compound quarterly. After two years, $1500 is withdrawn from the account to buy a new computer. A year later, $2000 is put in the account. What will be the ending balance if the money is kept in the account for another three years?

Answers

Answer 1

Answer:

  $10,596.81

Step-by-step explanation:

The balance on an account earning 5% interest compounded quarterly can be found using the formula ...

  A = P(1 +0.05/4)^(4t)

where P is the principal invested and t is the number of years.

__

Here, we are investing $7500.00. After 2 years, the account balance will be ...

  A = $7500(1 +0.05/4)^(4·2) = $8283.65

After the $1500 withdrawal, the new balance will be ...

  $8583.65 -1500.00 = $6783.65

__

This is the amount earning interest for the next year, after which time the balance will be ...

  A = $6783.65·(1.0125)^(4·1) = $7129.24

When $2000 is added to the account, the principal earning interest for the last 3 years is ...

  $7129.24 +2000.00 = $9129.24

__

The final balance after 3 more years is then ...

  A = $9129.24·(1.0125)^(4·3) = $10,596.81

_____

These calculations are conveniently carried out by a spreadsheet, as in the attached. Since the account changes are all done at the end of the year, we don't have to keep track of the quarterly balances. The formula used to calculate the ending balance each year is shown.

You Open A Money Market Account With $7500 At 5% Compound Quarterly. After Two Years, $1500 Is Withdrawn

Related Questions

the sum of 3x and 1 is greater than-5 and less than or equal to 10

Answers

Answer:

x is greater than -2 and less than or equal to 3

Step-by-step explanation:

so the 3x + 1 is greater than -5

so 3x is greater than -6

we divide both sides by 3

then we find out that x is greater than -2

we also know that 3x + 1 is less than or equal to 10

so 3x is less than or equal to 9

we divide both sides by 3

then we find out that x is less or equal to 3

so we can say that x is greater than -2 and less than or equal to 3

Identify the correct weight to the nearest 1/8 pound, then reduce the fraction if possible.

A. 2 12/16 = 2 3/4 Ib
B. 2 2/8 = 2 1/4 Ib
C. 2 14/16 = 2 7/8 Ib
D. 2 1/2 Ib

Answers

The measured weight is (2 + 3/4) lb, so the correct option is A.

How to read the measure?

First, we can see that the needle is between the 2lb and 3lb mark, so we know that we have a measure between these two values.

Now, let's count the number of small lines between the needle and the 2lb mark. There are 12 marks (the 12th is below the needle). Then the measure will be:

(2 + 12/16) lb.

Now we want to simplify the fraction. If we divide both numerator and denominator by 4, we get:

12/16 = 3/4

Then the weight is:

(2 + 3/4) lb

Then the correct option is A.

If you want to learn more about weight, you can read:

https://brainly.com/question/11408596

Answer: Now, let's count the number of small lines between the needle and the 2lb mark. There are 12 marks (the 12th is below the needle). Then the measure will be:

(2 + 12/16) lb.

Now we want to simplify the fraction. If we divide both numerator and denominator by 4, we get:

12/16 = 3/4

Then the weight is:

(2 + 3/4) lb

Then the correct option is A.

Step-by-step explanation:

Help with this answer

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Answer:

down syndrome

Step-by-step explanation:

help me please. either one is fine.

Answers

7)
95+(3x+23)+(7x-4)+(9x-6)+90 = (5-2) x 180
x = 18

9)
41+(3x+6)+(7x-11)+62+(4x+7)+(6x-5) = 360
x = 13


After a 25% reduction, a sweater is on sale for $41.25.
What was the original price?

Answers

Let the original price be x.

x * (1 - 0.25) = $41.25

0.75x = $41.25

x = $41.25 / 0.75 = $55

Answer:

$55

Step-by-step explanation:

____ decrease by 25%= $41.25, which the unknown number is $55.

1ST TO ANSWER GETS BRAINLIEST
What is the total area of the patio, walkway, and garden?

Answers

Answer:

82 ft²

Step-by-step explanation:

Here are two fractions.
3/10 5/7

Work out which of the fractions is closer to 1/2

You must show your working.

Answers

Answer:

5/7

Step-by-step explanation:

Umm because the denominator 7 is less than 10 and 7 is the nearest number to 1/2

I hope it helps

20.
19. Make Sense and Persevere Use the Distributive
Property to expand 7(7x - 3y) - 6.
HELP PLEASE

Answers

Answer:

49x-21y-6

Step-by-step explanation:

7(7x) 7(-3y) -6

49x-21y-6=0

how many positive integers are between 28/3 and 83/5

Answers

Answer: ur dad

Step-by-step explanation:

lol

There are 7 positive integers in between 28/3 and 83/5.

What is an integer?

An integer is a whole number (not a fractional number) that can be positive, negative or zero.

Given that;

Two fractions are;

28/3 and 83/5.

Now, Write fraction into decimal form as;

28/3 = 9.33

83/5 = 16.6

So, All Integers in between 9.33 and 16.6 are;

⇒ 10, 11, 12, 13, 14, 15, 16

Thus, There are 7 positive integers in between 28/3 and 83/5.

Learn more about the integers visit:

https://brainly.com/question/24653557

#SPJ2

The length of a rectangle is 3 inches more than it’s width.If the perimeter is 42 inches,find the dimensions of the rectangle.

Answers

Answer: Length = 9 in

Width = 12 in

Step-by-step explanation:

Length L = 3 + W

Perimeter P = 42 in

Perimeter = 2L + 2W

plugin values:

42 = 2(3 + W) + 2W

42 = 6 + 2W + 2W

42-6 = 4W

W = 36 / 4

W = 9  

solve L by substituting the value of W=9 into the equation:

L = 3 + W

L = 3 + 9

L = 12

therefore, the dimensions of the rectangle:

               Length = 9 in

               Width = 12 in

Answer:

Answer:

length = 9 in

width = 12 in

Step-by-step explanation:

You have to use the formula for the perimeter of a rectangle

P=2(l+w)

which pair of pairs of polygons are congruent.

Answers

Answer:

bottom left. (arrow shaped)

Step-by-step explanation:

congruent shapes are the same size and shape

Arun and Benny started saving at the same time. Each day, Arun
saved $1.20 and Benny saved $0.30 more than Arun. How much would
Arun have saved if Benny saved $11.40 more than Arun?

Answers

Answer:

$45.60 would be what Arun would have saved.

Solve on [0,2pi). Answer in order from smallest to biggest
cos x sin x = sin x

Answers

Answer:

0, π

Step-by-step explanation:

cos x sin x = sin x

cos x sin x - sin x = 0

sin x (cos x - 1) = 0

sin x = 0, x = 0, π

cos x - 1 = 0

cos x = 1, x = 0

So answers: 0, π

According to the line plot how many apples weigh 5/8 of a pound

Answers

Answer:

Answer:4 apples weigh 5/8 pound.

Step-by-step explanation:

Answer:

2(−5) − 10 = 2(0)

Step-by-step explanation:

If you substitute the values x = 0 and y = −5 into the second equation, you get a false statement

What is the equation of the parabola with focus (0, 1/2) and directrix y= -1/2

Answers

keeping in mind that the vertex is half-way between the focus point and the directrix, and since the focus point is above the directrix, meaning the parabola is a vertical parabola opening upwards, the parabola will more or less look like the one in the picture below, with a distance from the vertex of "p" being positive since it's opening upwards.

[tex]\textit{vertical parabola vertex form with focus point distance} \\\\ 4p(y- k)=(x- h)^2 \qquad \begin{cases} \stackrel{vertex}{(h,k)}\qquad \stackrel{focus~point}{(h,k+p)}\qquad \stackrel{directrix}{y=k-p}\\\\ p=\textit{distance from vertex to }\\ \qquad \textit{ focus or directrix}\\\\ \stackrel{"p"~is~negative}{op ens~\cap}\qquad \stackrel{"p"~is~positive}{op ens~\cup} \end{cases} \\\\[-0.35em] \rule{34em}{0.25pt}[/tex]

[tex]\begin{cases} h=0\\ k=0\\ p=\frac{1}{2} \end{cases}\implies 4(\frac{1}{2})(y-0)~~ = ~~(x-0)^2\implies 2y=x^2\implies y=\cfrac{1}{2}x^2[/tex]

I REALLY NEED HELP MY GRADES GO IN TONIGHT AND I CANT SOLVE THIS I NEED A REAL ANSWER I WILL CHECK BEFORE GIVING POINTS!!!!!!!!!!!!!!!!!

Answers

Answer:

it's "whats shaking"

Step-by-step explanation:

Answer:

k=8.

n=12

a=29

h=5

i=297

g=89

Carl is arranging 86 chairs for a
dinner party. Carl places 5 chairs at
each table. Any remaining chairs will
be set aside. How many tables will
have 5 chairs?

Answers

||17 tables|| will have 5 chairs because 86 divided by 5 is 17.2 so 17 tables with 5 in total


Derek bought a pair of pants for $35 and 3 shirts. He spent a total of $62.50. How much did each shirt cost? What is the equation for X?

Answers

Answer:

62.25=35+3x

62.25-35=27.25

27.25=3x

divide both sides by 3

x=9.08 or just 9

Which describes the combined variation in the formula h=2a/b?
h varies jointly with 2 and A and inversely with b.
h varies directly with A and inversely with b.
h varies jointly with A and b.
h varies inversely with A and b.

Answers

Step-by-step explanation:

h varies directly with a and inversely with b.

2 is the constant of variation.

Please help me find the code for this puzzle l. I included all you will need.

Answers

Answer:

Code: AHAN

Step-by-step explanation:

Domain: 0 to 8.

Range: 0 to 18.

0 is A.

H is 8.

N is 18.

If cosθ=2/3 find cscθ using identities. This is in quad. 1.

Answers

Step-by-step explanation:

cos θ = 2/3

[tex] \quad \twoheadrightarrow\sf {cos \; \theta = \dfrac{Base}{Hypotenuse} } \\ [/tex]

Hence, base = 2 units and hypotenuse = 3 units.

[tex] \quad \twoheadrightarrow\sf { H^2 = B^2 + P^2} \\ [/tex]

[tex] \quad \twoheadrightarrow\sf { P^2 = H^2 - B^2} \\ [/tex]

[tex] \quad \twoheadrightarrow\sf { P^2 = (3)^2 - (2)^2} \\ [/tex]

[tex] \quad \twoheadrightarrow\sf { P^2 = 9- 4} \\ [/tex]

[tex] \quad \twoheadrightarrow\bf { P = \sqrt{5}} \\ [/tex]

Now, we know that :

[tex] \quad \twoheadrightarrow\sf {cosec \; \theta = \dfrac{Hypotenuse}{Perpendicular} } \\ [/tex]

[tex] \quad \twoheadrightarrow\bf{cosec \; \theta = \dfrac{3}{\sqrt{5}} } \\ [/tex]

Therefore, the required answer is 3/5.

-8 - (-2) = X
X = ?
WHAT IS X ?

Answers

Answer:
x = -6

Steps:

-8 - (-2) = x

Remove parenthesis.

-8 - - 2 = x
-8 + 2 = x
2 + - 8 = x
2 - 8 = -6
when two negatives are placed together it becomes positive

-8 + 2 = -6

* WILL MARK BRAINIEST*
PLEASE HELP
7.03 Understanding Compound Events -

Record your results here:

Landing: Frequency:
heads, heads ____________
heads, tails ______________
tails, heads ______________
tails, tails ________________
TOTAL: 50
please help :))

Answers

Answer:

Tails, tail: 26

Heads: 9

Heads Tails: 26

Tails: 15


Step-by-step explanation:
(credit to the person who answered your question before me)

Have a great rest of your day
#TheWizzer

A point located at (1, 8) is reflected over the x-axis. What are the coordinates of the image?

(-1, 8)
(8, 1)
(-1, -8)
(1, -8)

Answers

Answer:

(1, -8)

Step-by-step explanation:

In this case, we are reflecting. Since we are reflecting over the x axis, the only thing that will change will be the y.

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

The x is staying the same because it is not moving. The y, however, is changing sides.

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

Since the y is positive in its original spot, when you reflect over the x axis, you will have a negative y value, which is why it is a -8.

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

I hope this helps!

-No one

A quantity with an initial value of 4000 grows exponentially at a rate of 0.05% every 5 decades. What is the value of the quantity after 1 year, to the nearest hundredth?

Answers

The value of the quantity after 1 year, to the nearest hundredth is 4000.00

The exponential form of an equation

The standard exponential equation is eexpressed as:

[tex]P(t)=P_0e^{kt}[/tex]

Given the following parameters

[tex]P_0=4000\\r =0.0005\\t = \frac{1}{50} =0.02 (yearly)[/tex]

Substitute into the formula to have:

[tex]P(t)=4000e^{0.0005(0.02)}\\P(1)=4000e^{0.00001}\\P(1)=4000[/tex]

Hence the value of the quantity after 1 year, to the nearest hundredth is 4000.00

Learn more on exponential equations here: https://brainly.com/question/12940982

Evaluate 9 divided by 3 [(18-6)-2 to the second power]

Answers

Answer: 24

I hope this helped

which is a better value? 1 pound of apples for 2.15 or 3 pounds of apples for 5.76

Answers

Answer:

From what i've gotten on another answer on brainl It might be 3 pounds of apples for 5.76. On another question i've resarched i've also gotten $7.91.

Step-by-step explanation:

Sorry if none of these answers have helped you.

Answer:

The 2nd offer - 3 pounds of apples for 5.76

Step-by-step explanation:

1. Find the unit price for the 1st offer.

The unit price is 1 pound of apples for $2.15.  <-- given information

2. Find the unit price for the 2nd offer.

We can set up a proportion to find the unit price.

3 pounds / $5.76 = 1 pound / $x

Let x = how much 1 pound of apples are for the 2nd offer

Cross multiply

3 · x = 5.76 · 1

Simplify

3x = 5.76

Divide both sides by 3 to isolate x

x = 1.92 = $1.92 for a pound of apples (2nd offer)

3. Compare the two offers' unit prices.

$2.15   <-- 1st offer

$1.92   <-- 2nd offer

The second offer is the better value because it costs less for each pound of apple.

I hope this helps and please mark me as brainliest!

What is the sum of 1/4 and 5/12 ?

Answers

Answer: 8/12

Step-by-step explanation:

1/4 times 3 will give you 3/12 and add 5/12

Help help help help help

Answers

Answer:

A' = (- 3, 0)

Step-by-step explanation:

[tex]A' = (x + 3, \: y - 2) \\ \\ \implies \: A' = ( - 6+ 3, \: 2 - 2) \\ \\ \implies \: A' = ( - 3, \: 0) [/tex]

Answer:

A' = (-3, 0)

Step-by-step explanation:

Pre-Image coordinate:

A (-6, 2)

Translation: (x, y) --> (x + 3, y - 2)

(-6 + 3, 2 - 2)

(-3 0)

Image coordinate:

A' = (-3, 0)

hope this helps!! p.s. i really need brainliest :)

What simple interest rate would you pay if you borrowed $5000 and paid back $6000 as promised after 5 years?
Enter the rate as a %.
(Use integers or decimals for any numbers in the expression.)

Answers

Answer:

4%

Step-by-step explanation:

6000 x 100 / 5000 = 120

after 5 years the total interest is 20%

each year interest = 4%

( 4 x 5 =20 )

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