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 After two years, $1500 is withdrawn from the account to buy a new computer.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 After Two Years, $1500 Is Withdrawn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

NOW I NEED HELP NOW PLSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

Mya is redecorating her bedroom. The room is in the shape of right rectangular prism.

The dimensions of the room are: 12 feet in length by 14 feet in width by 8 feet in height.

She plans to cover the floor with tile. The cost of the tile is $4 per square foot.

She plans to cover the walls and the ceiling with paint. Each container of paint costs $16 and can cover 146 ft².

What is the total cost of the tile flooring and paint needed for this room?

Drag and drop the responses to correctly complete these sentences.

The total square feet of flooring needed is ____ and the flooring cost will be ____

The total square feet that will need to be painted is ____ and the paint cost will be ____

The total cost of the tile flooring and paint needed for this room is ____

Answers

Answer: took the test and the answers are at the bottom. cheers mate :)

Step-by-step explanation:

You need 3 sticks of butter for every 24 giant cookies you bake.

Answers

Answer:

Sticks of butter : 2

Number of cookies : 40

Step-by-step explanation:

Given that :You need 3 sticks of butter for every 24 giant cookies you bake.

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

Sticks of butter                    Number of cookies

 3                                           24

 x                                             16

5                                                 y

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

Let the unknown be x and y..

Since you need 3 sticks of butter for every 24 giant cookies you back

Then 24/3 = 8

Since the number of cookies is 16 then 16/8 = 2

Thus x = 2

Next for y.

Since you need 3 sticks of butter for every 24 giant cookies you back

Then 5 * 8 = 40

Thus, y = 40

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

Completed table below:

Sticks of butter                    Number of cookies

 3                                           24

 2                                             16

5                                                 40

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

~lenvy~

Answer:

See below ↓

Step-by-step explanation:

Given

You need 3 sticks of butter for every 24 cookies

Base rate

no. of butter sticks / no. of cookies3 / 241 stick of butter for every 8 cookies

16 cookies

No. of sticks = 16/8No. of butter sticks = 2

5 butter sticks

No. of cookies = 8 x 5No. of cookies = 40

f(x)=−2x+3; Domain: {−1,0,2}

Find the range of the function for the given domain.

Answers

Answer:

Range: 1,3,7

Step-by-step explanation:

(-1,1),(0,3),(2,7)

2(-1)+3

2(0)+3

2(2)+3

jill has a small treasure box

Answers

jill has a small treasure box
=small treasure box in possession of jill

If 3 sweaters cost $25.95, how much would 6 sweaters cost?

Answers

Answer:

If 3 sweaters cost $25.95, then 6 sweaters must cost $95.69.

Step-by-step explanation:

Im sorry if this answer isnt correct.

Suppose that two cards are randomly selected from a standard​ 52-card deck.
​(a) What is the probability that the first card is a spade and the second card is a spade if the sampling is done without​ replacement?
​(b) What is the probability that the first card is a spade and the second card is a spade if the sampling is done with​ replacement?

Answers

Answer:

A) 4 of the 52 cards are queens on the first draw; 3 of the remaining 51 cards are queens on the second draw: (4/52)*(3/51)

B) 4 of the 52 cards are queens on each draw: (4/52)*(4/52)

Step-by-step explanation:

correct me if. wrong

arrange in descending order​

Answers

Answer:

7 / 16, 3 / 7, 1 / 5

Step-by-step explanation:

1 / 5 = 0.2

3 / 7 = 0.428

7 / 16 = 0.4375

In descending order,

0.4375, 0.428, 0.2

Hence the answer is 7 / 16, 3 / 7, 1 / 5

Answer:
7/16,3/7.1/5
Step-by-step explanation:
1/5 = 0.2
3/7= 0.428
7/16 = 0.4375
In descending order,
0.4375, 0.428. 0.2

Find the area of the triangle.
16 ft
20 ft


Please help

Answers

The answers would be 320ft. Squared
Assuming 16 is the length and 20 is the width the answer would be 160 because the equation for the area of a triangle is ((l x w) / 2)

Carly is in charge of bringing juice for the class party. Her class has 24 students and 1 teacher. She estimates that each person will drink 400 milliliters of juice. To make sure she has enough, she also wants to bring an extra liter of juice. How many liters of juice should Carly bring in all?

Answers

Answer:

10,000

Step-by-step explanation:

if it's including the teacher then it should be 10,000

If we randomly select 2 students at a time and record their drinking habits, what is the probability that both students drink

Answers

Answer:

1 liter

Step-by-step explanation:

x2by 100%8hdofux27675 868*uhf

The area of a rectangular field is 1.12×10^45 square feet. If the length of the field is 7×10^11 feet, and the width of the field can be written as 1.6×10x feet, what is the value of x?

Answers

Answer:

x = 10^34

Step-by-step explanation:

length × width = area

area/length = width

width = (1.12 × 10^45 ft²)/(7 × 10^11 ft)

width = 1.12/7 × (10^45)/(10^11)   ft

width = 0.16 × 10^34  ft

width = 1.6 × 10^34  ft

width = 1.6 × x  ft

x = 10^34

The value of x is [tex]10^3^2[/tex]  or [tex]\rm x =10^3^2[/tex]

It is given that the area of a rectangular field is  [tex]\rm 1.12\times10^4^5 \ feet^2[/tex]

It is required to find the value of x

What is the area of the rectangle?

It is defined as the space occupied by the rectangle which is planner 2-dimensional geometry.

The formula for finding the area of a rectangle is given by:

Area of rectangle = length × width

We have:

Area of rectangle = [tex]\rm 1.12\times10^4^5 \ feet^2[/tex]

The length of the rectangle = [tex]7\times 10^1^1[/tex] feet

The width of the rectangle = [tex]\rm 1.6\times 10x[/tex] feet

After putting the values in the formula, we get:

[tex]\rm 1.12\times10^4^5 =7\times 10^1^1\times\rm 1.6\times 10x[/tex]

[tex]\rm x =\frac{1.12\times10^4^5}{7\times 10^1^1\times\rm 1.6\times 10} \\[/tex]

[tex]\rm x =\frac{1.12\times10^4^5}{7\times 10^1^1\times\rm 1.6\times 10} \\\\\rm x = 0.1\times 10^3^3[/tex]

[tex]\rm x =10^3^2[/tex]

Thus, the value of x is [tex]10^3^2[/tex]

Learn more about the area here:

https://brainly.com/question/14383947

Single post math redo question

Answers

Answer:

See attached graph

Step-by-step explanation:

We need to convert the polar coordinates into Cartesian coordinates using the rules [tex]x=r\:cos\theta[/tex] and [tex]y=r\:sin\theta[/tex] (see table in attached file).

The converted points will start to resemble a circle with a horizontal pole and a diameter of 4, so by connecting the points, we get our equation [tex]r=4\:cos\theta[/tex].

Can anyone help me on this question?

Answers

n= 35 because 145x2=290. That leaves 70 left for 360 and you divide 70 by 2 to get 35. So, n is 35

What is the outlier for the data set? PLS HELP I REALLY NEED HELP :(
Heart Rate
5 0 7
6 3 5 6 8 8
7 0 2
8
9 0
5 0 = 50 beats per minute
40
50
68
90

Answers

Answer:

6 3 5 6 8 8

Step-by-step explanation:

number is farthest apart from others

Answer:

The correct answer is 90

Step-by-step explanation:

90 is the biggest number in the number set so therefore it is an outlier.

Have an amazing day!!

Please rate and mark brainliest!!

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

PLEASE HELP ME WILL GIVE BRAINLIEST

Answers

Answer:

1 3/4, 0

Step-by-step explanation:

You have to go 1 3/4 to the right and 0 up.

Which fraction equals 29 }}16 ?

Answers

For 29/16, the denominator is 16. Improper fraction. This is a fraction where the numerator is greater than the denominator. Mixed number

please help! What is 75 % of 62-(98/4)

Answers

Answer:

28.13

Step-by-step explanation:

62 - (98/4)

62 - 24.5 = 37.5

75% of 37.5 is 28.125, or 28.13.

Answer:

22

Step-by-step explanation:

98/4 = 24.5

62-24.5 = 37.5

75% of 37.5

= about 22


On a recent math assignment consisting of 32 problems, Wendy had 5 application problems, and the
rest involved only computation. What percent of the problems were only computation?

Answers

Answer:

84.375%

Step-by-step explanation:

Total no. of computation problem=32-5=27

Total no. problems in the assignment=32

=) per%= 27/32×100%=84.375%

PLS MARK ME AS BRAINLIEST

If y varies inversely as x, and y=16 when x=4, find y when x=10

Answers

Answer:

40

Step-by-step explanation:

you have to multiply x by 4 to get y when x=4 and y=16. so if x=10, then you have to multiply what x is (10) by 4 because there is a common ratio.

hope this helps!! please give brainliest!!!!!!

If it’s 1 pm what time will it be in 30 hours

Answers

Answer:

7pm

Step-by-step explanation:

1pm + 24 = 1pm

30 - 24. = 6

1pm + 6 = 7pm

HELLPPPP REALLLLYYY NEEDDD
THISS ANSWER

Answers

Answer:

we need a picture to help

Step-by-step explanation:

Answer:

what is the question man stop messing around

hi there im giving brainliest to the most accurate answer.

Answers

Triangle b and c by AAA axiom because all angles are equal


The digits 5, 7, 1, and 9 are to be used in a roll number in a school. How
many different roll numbers are possible if repetitions are not permitted?

Answers

Answer:

1, 7, 5, 9
7, 1, 9, 5

9, 5, 1, 7

But there are about 10 possible combinations.

Step-by-step explanation:

The quotient of w and 7 is less than 17.

Answers

Answer:

17 < w / 7 is my answer. I am not sure to correct.

The price of a used car that Billy is buying is $5,000. If he has to pay 8% in taxes, how much will be have to pay for the car including taxes?

Answers

Answer:

5400

Step-by-step explanation:

8% of 5000 is 400. 5000 + 400 - 5400.

Answer:

$5400

Step-by-step explanation:

We need to find the amount of tax in $

So, if 100% = $5000

           8%   =  ?

cross multiply to be :  8 × 5000

                                        100

to get $400

Add it to the $5000 to get $5400

Reflect the given triangle over
the x-axis.
[_
3 6 31
-3 3 3.
3 [?]
13
UD
[

Answers

[3 6 3]

( 3 3. 3]

THIS ANSWER IS CORRECT

Solution:

[tex]\sf \left[\begin{array}{ccc}3&6&3\\3&-3&-3\end{array}\right][/tex]

Explanation:

[tex]\sf \left[\begin{array}{ccc}3&6&3\\-3&3&3\\\end{array}\right][/tex]

The rule for a reflection over the x -axis is (x,y) → (x,−y)

===============================================================

or multiply the matrix with:      [tex]\left[\begin{array}{ccc}1&0\\0&-1\end{array}\right][/tex]

[tex]\dashrightarrow \ \sf \begin{pmatrix}1\cdot \:3+0\cdot \left(-3\right)&1\cdot \:6+0\cdot \:3&1\cdot \:3+0\cdot \:3\\ 0\cdot \:3+\left(-1\right)\left(-3\right)&0\cdot \:6+\left(-1\right)\cdot \:3&0\cdot \:3+\left(-1\right)\cdot \:3\end{pmatrix}[/tex]

Final answer:

[tex]\sf \left[\begin{array}{ccc}3&6&3\\3&-3&-3\end{array}\right][/tex]

Which equation does not represent a quadratic function?

Y = (x + 3)^2

y = 3x^2

y = 6x^2 - 1

y = x + 5

Answers

[tex]\text{A quadratic function is in the form of } ~ f(x)=ax^2 +bx+c.\\\\\\y=x+5 ~ \text{is linear so it is not in a form of quadratic function.}[/tex]

A trough contains a certain amount of sand. After Jamie used it to fill 2.4-kilogram bag, a 650- gram bowl, and a 3-kilogram, 125- gram pail, she realized she had a kilogram of sand left in the trough. How much sand was in the trough at first?Give your answer in grams, using a comma.

Explain how you got your answer

Answers

Answer:

7kg  275g

Step-by-step explanation:

hope this helps

Answer:

7kg 275g

Step-by-step explanation:

Add all of them together and then add what's left. Hope this helps! :)

Please help i really dont like iready and im really confused. thank you!

Answers

Answer:

15 inches cubed

Step-by-step explanation:

length 2 1/2 in

width 1 1/2 in

height 4 in

V= = l x w x h

V = 2 1/2 x 1 1/2 x 4

60/4 = 15

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