Jennifer invests $8,353 in a retirement account with a fixed annual interest rate of8% compounded 4 times per year. What will the account balance be after 15 years?

Answers

Answer 1

Answer:

Amount after 15 years = $27,406.45 (Approx.)

Step-by-step explanation:

Given:

Amount invested p = $8,353

Rate r = 8% = 0.08/4 = 0.02 per year (4 times)

Number of interest compounded n = 15 year x 4 = 60 times

Find:

Amount after 15 years

Computation:

A = p[1+r]ⁿ

Amount after 15 years = 8,353[1+0.02]⁶⁰

Amount after 15 years = 8,353[1.02]⁶⁰

Amount after 15 years = $27,406.45 (Approx.)


Related Questions

Given g(x)=-x-2g(x)=−x−2, find g(0)g(0).

Answers

Answer:

g(0) = -2

Step-by-step explanation:

Given - g(x) = -x - 2

To find - g(0)

Proof -

We have given the function ,

g(x) = -x - 2

For finding the value of g(0), we just have to put x = 0 in g(x),

We get

g(0) = -0 - 2 = -2

⇒g(0) = -2

A landscaping company placed two orders with a nursery. The first order was for 13 bushes and 4 trees and totaled $411

Answers

Answer:

Cost of 1 bushes = a = $9

Cost of 1 tree = b = $73.5

Step-by-step explanation:

Given:

13 bushes and 4 trees cost = $411

Missing;

6 bushes and 2 trees cost = $201

Find:

Value of bushes and tree

Computation:

Cost of 1 bushes = a

Cost of 1 tree = b

So,

13a + 4b = 411 ...........eq1

6a + 2b = 201 ................eq2

From Eq1 and Eq2

Cost of 1 bushes = a = $9

From eq 1

13a + 4b = 411

13(9) + 4b = 411

Cost of 1 tree = b = $73.5

3. There is no expiration date on the debit card.

True

False

Answers

The answer is false.

Please explain how to solve for x in the attached photo.

Answers

Answer:

x = 24°

Step-by-step explanation:

the sum of the interior angles in a triangle = 180°

so:

(2x + 5°) + 64° + 3x - 9° = 180°

combine like terms:

5x + 60° = 180°

subtract 60° from each side of the equation:

5x = 120°

x = 24°

Walmart pays $2.50 for a 30 pack of individual chips. They markup the chips by 319%? How much is the 30 pack of chips at Walmart? Include a unit/label with your answer. ROUND TO THE NEAREST CENT. *

Answers

Answer:

$7.975 or $8

Step-by-step explanation:

2.50 x 3.19 = 7.975

A ball is dropped from a height of 20 feet. It hits the ground and bounces up half as high as it fell. This is true for each successive bounce. What height does the ball reach on the fourth bounce

Answers

Answer:

1.25 m

Step-by-step explanation:

Given that :

Initial height of drop = 20 meters

Rebound after each drop = 1/2 of height

Height after 4th rebound = 5th term of a geometric series

An = a1 * r^(n-1)

a1 = first term = initial drop height

r = common ratio = ratio of rebound per drop = 1/2 = 0.5

A5 = 20 * 0.5^(5 - 1)

A5 = 20 * 0.5^4

A5 = 20 * 0.0625

A5 = 1.25 m

Hence height after 4 reboubd = 1.25 m

Using another method :

1st bounce height = 20 * 0.5 = 10

2nd bounce height = 10 * 0.5 = 5

3rd bounce height = 5 * 0.5 = 2.5

4th bounce height = 2.5 * 0.5 = 1.25

How can you simplify this???????

6(2x-5)+2(3x-7)

Answers

Answer:

6

Step-by-step explanation:

12x-5 + 6x-7=

=7x+-1x

=6

a computer company features a new model with the larger 20-in flat panel display. the flat panel sizes it diagonal length of its screen. the new computer joins earlier computer models with 15 and 17 inch screens.​

Answers

Answer:

Step-by-step explanation:

a computer company features a new model with the larger 20-in flat panel display. the flat panel sizes it diagonal length of its screen. the new computer joins earlier computer models with 15 and 17 inch screens.​

Whats the equation for the table

Answers

Answer:

multiply by 32

Step-by-step explanation:

Multiplying a by 32 which equals d!

-3y - 7.8 = 9.6 solve these equation

Answers

y= -5.8 is the correct answer
Hopes this helps:

Answer: -5.8

1. Add 7.8 to both sides.
-3y = 9.6 + 7.8

2. Simplify 9.6 + 7.8 to 17.4.
-3y = 17.4

3. Divided both sides by -3.
Y= -17.4/3

4. Simplify 17.4/3 to 5.8.
Y= -5.8

Explain why I got it right because I have no idea how to do it and It’s 100 points ?? Can someone help ?

Answers

Answer:

its asking you to reflect or reverse it like fliping it around on a number line. 1 was the x axis so it was flipped to -1 and so with part b.

Step-by-step explanation:


[tex] {x}^{2} - 6x - 12[/tex]

Answers


The expression is not factorable with rational numbers

A new laptop costs $1100 and has a new book value of $375 after 2 years. Find the linear model V(t)=Mx+b

Answers

Answer:

- 362.5t + 1100

Step-by-step explanation:

Given :

Value, = v ; time, = t

t1, v1 = (0, 1100)

t2, v2 = (2, 375)

Slope, m = v2 - v1 / t2 - t1

m = (375 - 1100) / (2 - 0)

m = - 725 / 2

m = - 362.5

v - v1 = m(t - t1)

v - 1100 = - 362.5(t - 0)

v - 1100 = - 362.5t

v = - 362.5t + 1100

A stock can go​ up, go​ down, or stay unchanged. How many possibilities are there if you own 3 ​stocks?

Answers

Answer:

There are 27 different possible outcomes.

Step-by-step explanation:

Assuming that you have 3 different stocks:

First, we need to find the number of events and the number of possible outcomes for each event.

Here we can assume that each one of the stocks is a event, and the number of possible outcomes for each one are:

Stock 1: 3 options (up, down, stay)

Stock 2: 3 options (up, down, stay)

Stock 3: 3 options (up, down, stay)

The total number of possible outcomes is equal to the product of the numbers of options for all the events.

Then the total number of possibilities is:

C = 3*3*3 = 27

Help plz so I don't get phone taken

Answers

1) d/r = t

2) P/3 = s

3) 8.2cm

4) C/2pi = r

5) P/3r = q

PLEASE HELP! the 1st fraction is 1/5

Answers

Answer:

grtestdrugyiytfrx

Step-by-step explanation:

Answer:

all that I know is he eats alot of carbs

Step-by-step explanation:

sheesh, those calories are gonna add up quickly

The function f(x) = 34,000(1.05)* can be used to
determine Noah's cost of living in Houston over time.
What does the 1.05 represent?
A The cost of living will increase by approximately 1% each year
B The cost of living will decrease by approximately 1% each year
C The cost of living will increase by approximately 5% each year
D The cost of living will decrease by approximately 5% each year

Answers

9514 1404 393

Answer:

  C  The cost of living will increase by approximately 5% each year

Step-by-step explanation:

If we assume your function is ...

  [tex]f(x)=34000(1.05)^x\qquad\text{x is years}[/tex]

Then the growth factor 1.05 represents a growth rate of 1.05 -1 = .05 = 5% per year. The positive growth rate means the cost of living is increasing.

Noah's cost of living is increasing about 5% per year.

Oel visits a department store to pick a pack of salted mixed nuts. A pack of 15 oz. Is priced at $7.50 and the offer on a pack containing 25 oz. Is $11.75. Which pack is the better buy

Answers

The 24 ounce one ig because if you divide 7.50 by 15 you’ll find out that it’s 0.50€ per ounce. You’re saving money and getting more for the 25 pack because it should originally be $12.50 but they are giving you 10 more ounces for just $11.75

pls help! ill give brainless to the best answer !!

what is 25% of 75? show your work.

Answers

Answer:

18.75

Step-by-step explanation:

25% of 75 =

0.25 x 75 =

18.75

Hope that helps!

Answer:

18.75

Step-by-step explanation: I don't really know what work to show it was all mental


Frodo goes to New Army and buys two pairs of jeans for $19.99 each, 3 shirts at $7.99 each, and a pack of socks for $5. He has a
coupon for 25% off his entire purchase. Sales tax is 7 %. What is the total cost after the discount and tax? $
109points plsss helpppppp now

Answers

Answer:

lol i answered on another 1 of ur things

Pls help i am stuck on this

Answers

Answer:

1,4.560

Step-by-step explanation:

I am not so sure.

write the function that represents the sequence in the table

Answers

A(n) = 6n

Every time the x value increases by 1, the y value increases by 6.

Collin is paid £99.44 for a 8 hour shift what is Collins pay per hour

Answers

he is paid £12.43 per hour

Using five different digits, form a 5-digit number
which represents
(a) the smallest odd number

Answers

Answer:

10235

Step-by-step explanation:

please please help I give you brainliest ​

Answers

Answer:

[tex]-1[/tex] - 6 + 3

Step-by-step explanation:

hope this helps

Answer:

i think it’s -4 I’m not sure tho..

Step-by-step explanation:

2/3 divided by 3/6 is : help asap​

Answers

the answer is 4/3 OR 1 1/3 :)

2/3 / 3/6= 1 1/3
Let me know if you need me to show how to solve it

A rectangle has a width that is 5 feet less than the length. The area of the rectangle is 126 square feet. Find the width of the rectangle

Answers

Answer:90 square feet
Explanation:hope this helps!

1) plot the point with coordinates (3,2) label this point A

b) write down the coordinates of the midpoint of BC​

Answers

alright so for the first one all you need to do is put a thicc dot. you’re going to start at 0 or the very middle, and then go right and then up 2. the thicc dot should be in the top right box ok.

for the second question the midpoint of B and C is (-1,0)

;))) have a good day

can u help with it plz I really need help ​

Answers

Answer:

let angle e be x

x+4x+10=180°[by linear pair]

5x+10=180°

5x=180-10

5x=170

x=170/5

x=34

angle E=34°

angle E+angle C+angle D=180°[by angle sum property]

34°+70°+2x=180°

104°+2x=180°

2x=180°-104

2x=76°

angle d=76°

Mrs. Salwierz ran 31 kilometers in 6 hours. If she ran at a constant speed, how many kilometers did she run in 4 hours?

Answers

Answer:

20.67 km mr salwierz ran in 4 hours

by using unitary method

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