At age 25, Sam deposited $4,000 into an IRA account where it earns 9.8% interest, compounded monthly. What will it be worth when Sam is 33?

Answers

Answer 1

The amount $4,000 deposited by Sam into an IRA account where it earns 9.8% interest, compounded monthly, will be $12903.8  when Sam is 33.

What is compound interest?

Compound interest is the amount charged on the principal amount and the accumulated interest with a fixed rate of interest for a time period.

The formula for the final amount with the compound interest formula can be given as,

[tex]A=P\times\left(1+\dfrac{r}{n\times100}\right)^{nt}\\[/tex]

Here, A is the final amount (principal plus interest amount) on the principal amount P of with the rate r of in the time period of t.

At age 25, Sam deposited $4,000 into an IRA account where it earns 9.8% interest, compounded monthly. Thus,

[tex]P=4000\\r=9.8\%[/tex]

Now the worth has to be found out when Sam is 33. Thus, the total time period in year is,

[tex]t=33-25\\t=12\rm\; years[/tex]

Put the values in the formula,

[tex]A=4000\times\left(1+\dfrac{9.8}{12\times100}\right)^{12\times12}\\A\approx12903.8[/tex]

Thus, the amount $4,000 deposited by Sam into an IRA account where it earns 9.8% interest, compounded monthly, will be $12903.8  when Sam is 33.

Learn more about the compound interest here;

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Answer 2

Answer: $8733.01

Step-by-step explanation: I got it right on my quiz


Related Questions


HELP PLS HJJHHHJJHH

Answers

Answer:

See below ↓↓

Step-by-step explanation:

Important facts given [needed to solve]

Time period = 3 yearsLoan amount = $5000Interest rate = 8% (semi-annually - twice a year)Monthly payment = $156.68

Solving :

Total amount to be repaid = Monthly payment x 3 years= Monthly payment x 3 x 12 months= $156.68 x 36= $5640.48 (a)

Interest paid

Total amount repaid - Initial loan amount= 5640.48 - 5000= $640.48 (b)

17,18,22,31,47, ... what's next

Answers

Answer:

Step-by-step explanation:

First establish the pattern. Notice the sequence of numbers below. These are the ones making up the pattern. You can go as far as 47 - 31 which gives 16 which is 4^2.

18 -17 = 1 = 1^2

22 - 18 = 4 = 2^2

31 - 22 = 9 = 3^2

47 - 31 = 16 = 4^2

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

Call the number comming x.  47 taken from x must give 5^2 which is 25

x - 47 = 5^2

x - 47 = 25                        Add 47 to both sides

x  -47 + 47 = 25 + 47

x  = 72

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

72 -47 = 25 which is 5^2.

Answer: The next number is 72

Please answer soon!
What is the median number of repairs per vehicle as shown in the box plot below?

Answers

Answer:

 B, or 4

Step-by-step explanation:

Since the line in the middle of the box plot shows the median it tells us that the median is 4

Answer:

4

Step-by-step explanation:

because it is the middle number

Question 13 of 14

Phillipa rode her bicycle every day over the weekend. Phillipa rode [(13.5 + 8.5) ÷ 2]
miles on Friday, [18 − (2 × 4)] miles on Saturday and [20 − (5 − 3)]

miles on Sunday.

On which day did Phillipa ride her bicycle the most?

She rode her bicycle the most on .

Answers

Answer:

Sunday

Step-by-step explanation:

Friday  

[(13.5 + 8.5) ÷ 2] = [(22) ÷ 2] = 22 ÷ 2 = 11 miles

Saturday

[18 − (2 × 4)] = 18 - (8) = 18 - 8 =  10 miles

Sunday

[20 − (5 − 3)] = 20 - (2) = 18 miles

18 > 11 > 10

Then She rode her bicycle the most on Sunday

Try:

Rereading your lessons, getting help from your tutor or others.

Answer:

Sundays

Hope this helps and don't forget to hit the thanks button! <3

Written by: RiBu

THE ANSWER IS SUNDAYS.

Ann has some dimes and quarters. If she has 11 coins worth a total of $2.00, how many of each type of coin does she have?

Answers

Answer:

5.5 maybe i guess its fun

NO LINKS!!

Mark Wolfman is the director of safety at Waterworld. He needs to order a new wire for the tallest tower in the park. One end of the wire is attached to the top of the tower and the other end is attached to stake in the ground that is 44 feet away from the base of the tower. The wire makes a 78 degree angle with the flat ground. How much wire will he need? ​

Answers

Answer: Approximately 211.628311 feet of wire is needed

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

Explanation:

Draw out a right triangle with 44 as the horizontal component. The angle 78 is the angle of elevation right next to the horizontal side.

Let x be the length of the wire needed. This is the hypotenuse of the triangle.

Use the cosine ratio to say the following:

cos(angle) = adjacent/hypotenuse

cos(78) = 44/x

x*cos(78) = 44

x = 44/cos(78)

x = 211.628311 feet approximately

Round this value however you need to.

Answer:

211.63 ft (nearest hundredth)

Step-by-step explanation:

**Refer to the attached diagram**

We need to find the hypotenuse of the right triangle.

To do this, we should use the cos trig ratio:

[tex]\sf cos(\theta)=\dfrac{A}{H}[/tex]

where:

[tex]\theta[/tex] is the angleA is the side adjacent to the angleH is the hypotenuse

Given:

[tex]\theta[/tex] = 78°A = 44 ftH = w

Substitute given values into the equation and solve for w:

[tex]\sf \implies cos(78)=\dfrac{44}{w}[/tex]

[tex]\sf \implies w=\dfrac{44}{cos(78)}[/tex]

[tex]\sf \implies w=211.6283112[/tex]

Therefore, the length of wire needed is 211.63 ft (nearest hundredth)

At the frozen yogurt shop, a machine fills cups with 4 ounces of frozen yogurt before adding the toppings. After the cups are filled, customers add as many toppings as they want without exceeding a total weight of 6 ounces. Which of the following represent the acceptable weights for the frozen yogurt options? Select all that apply:
A.) 0 < x ≤ 6
B.) 0 < x ≤ 3
C.) 4 ≤ x ≤ 6
D.) x ≤ 6
E.) |x - 5| ≤ 1
F.) |x - 2| ≤ 6

Answers

Answer

4 ≤ x ≤ 6 and |x - 5| ≤ 1

Step-by-step explanation:

I answered the question...i got it right...

this is k 12 help,
please!!! for (100 points)

Answers

Answer:

14 m²

area of sqaure pyramid: a² + 2(a)(l)

a = side of the base l = slant height

area:

(2)² + 2(2)(2.5)14 m²

Graph the parabola. Plot five points on the parabola. button.​

Answers

Step-by-step explanation:

The graph looks like the above picture

Answer:

Image Attached

Step-by-step explanation:

Hello!

To have points with whole numbers, multiples of 3 need to be used for x.

x = 3

y = (1/3)(3)²y = (1/3)(9)y = 3

x = 6

y = (1/3)(6)²y = (1/3)(36)y = 12

x = 9

y = (1/3)(9)²y = (1/3)(81)y = 27

x = 12

y = (1/3)(12)²y = (1/3)(144)y = 48

x = 15

y = (1/3)(15)²y = (1/3)(225)y = 75

Two images are attached, one in correlation to y = x^2, and the original graph with the given points (3,3), (6,12), (9,27), (12,48), (15, 75).

Evaluate f(x + 1) when f(x) = 2:02 2c2 - 42 - 2 4x (Be sure to simplify your answer)​

Answers

f(x)=2x²-4x-2

f(x+1)

2(x+1)²-4(x+1)-22(x²+2x+1)-4x-4-22x²+4x+2-4x-4-22x²-4

A quality analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that whenever this process is in control, package weight is normally distributed with a mean of 20 ounces and a standard deviation of two ounces. Each day last week, he randomly selected four packages and weighed each: Day Weight (ounces) Monday 23 22 23 24 Tuesday 23 21 19 21 Wednesday 20 19 20 21 Thursday 18 19 20 19 Friday 18 20 22 20 What is the sample mean package weight for Thursday

Answers

Using it's concept, it is found that the sample mean package weight for Thursday is of 19 ounces.

What is the mean of a data-set?

The mean of a data-set is given by the sum of the observations divided by the number of observations.

For Thursday, the package weights in ounces are given by: {18, 19, 20, 19}.

Hence, the sample mean in ounces is of:

M = (18 + 19 + 20 + 19)/4 = 19.

More can be learned about the mean concept at https://brainly.com/question/24628525

A fruit company guarantees that 94​% of the pineapples it ships will ripen within four days of delivery. Find the probability that at least 10 pineapples in a case of 12 are ripe within four days.

Answers

The probability that at least 10 pineapples in a case of 12 are ripe within four days as described in the task content is; 0.783

Probability of Percentage

From the task content;

It follows that 94% of the pineapples shipped will ripen within four days of delivery.

On this note, the probability for ripening of each apple is; 0.94.

Ultimately, the probability that at least 10 pineapples in a case of 12 are ripe within four days is therefore; 0.94 × 10/12 = 0.783.

Read more on probability;

https://brainly.com/question/18916756

Help me please. Again?

Answers

Answer:

See attached image.

Step-by-step explanation:

What is the surface area of each solid pyramid? Round answers to the nearest square unit.

Please explain how to solve the problem, not just the answer.

Answers

Answer:

The total surface area is

57ft^2.

X - 8 = 1 what does X equal to?

Answers

Answer:

9

Step-by-step explanation:

To answer this we add 8 to both sides:

x-8+8 = 1+8

x = 9

This is our answer

Given:-

X - 8 = 1

To find :-

The value of x

Solution :-

X - 8 = 1

Transferring 8 to Right side

X = 1 + 8 ( signs change when transferred to opposite side )

X = 9

Solve for kkk.
8(10-k)=2k8(10−k)=2k

Answers

Answer:

k = 8

Step-by-step explanation:

We know that 8(10-k) = 2k so:

8(10−k)=2k

Simplify both sides of the equation:

8(10−k)=2k

(8)(10)+(8)(−k)=2k

80+−8k=2k

−8k+80=2k

Subtract 2k from both sides:

−8k+80−2k=2k−2k

−10k+80=0

Subtract 80 from both sides:

−10k+80−80=0−80

−10k=−80

Divide both sides by -10:

[tex]\frac{-10k}{-10} =\frac{-80}{-10}[/tex]

k = 8

A car rental agency rent compact, midsize, and luxury cars. Its goal is to purchase 48 cars for a total of $932,000 and to earn a daily rental of $ 1,265 from all the cars. The compact cars cost $13,000 each earn $ 20 per day in rental, the midsize cars cost $ 25,000 each earn $ 27 per day, and the luxury cars cost $ 29,000 each and earn $ 45 per day. Your task will be to find the number of each type of car the agency should purchase to meet its goal.

Answers

Answer:

25 compact15 midsize8 luxury

Step-by-step explanation:

The set of relationships can be formulated as three equations in three unknowns. These can be written as an augmented matrix and solved using a calculator.

Let x, y, z represent the numbers of compact, midsize, and luxury cars, respectively. Then the relations are ...

  x + y + z = 48 . . . . . . total number of cars purchased

  13x +25y +39z = 932 . . . . . total cost in thousands

  20x +27y +45z = 1265 . . . . daily rental revenue

The augmented matrix of coefficients looks like ...

  [tex]\left[\begin{array}{ccc|c}1&1&1&48\\13&25&39&932\\20&27&45&1265\end{array}\right][/tex]

And its solution is ...

  (x, y, z) = (25, 15, 8)

The agency should purchase 25 compacts, 15 midsize, and 8 luxury cars.

enter the value 2³ - 16 divided by 2 + 5²

Answers

Answer: 2^3 - 16 : 2 +  5^2 = 25/1 = 25

Step-by-step explanation:

Exponentiation: 2 ^ 3 = 8Divide: 16 / 2 = 8Subtract: the result of step No. 1 - the result of step No. 2 = 8 - 8 = 0Exponentiation: 5 ^ 2 = 25Add: the result of step No. 3 + the result of step No. 4 = 0 + 25 = 25

What is the value of the expression below?
(-8) 2/3

Answers

Answer:

Step-by-step explanation:

Step 1:  Multiply the numerator

[tex](-8) * 2/3[/tex]

[tex](-8 * 2)/3[/tex]

[tex]-16/3[/tex]

Answer: [tex]-16/3[/tex]


Question
A pole that is 3 m tall casts a shadow that is 1 m long. At the same time, a nearby tower casts a shadow that is 44.5 m long. How tall is the tower?

Answers

Answer: 1,33.5 m

Step-by-step explanation:

       We can set up a proportion to solve. I will have the length of the pole / tower on the top (numerator), and the length of the shadow on the bottom (denominator). All units will be in m.

       [tex]\frac{3}{1} =\frac{x}{44.5}[/tex]

       Now, I will cross multiply and solve for x. This will give us the height of the tower.

       x * 1 = 3 * 44.5

       x = 133.5 m

In the accompanying diagram of a unit circle, the ordered pair (x, y) represents the point where the terminal side of θ intersects the unit circle. If θ = 150°, what is the value of x?

Answers

Answer:

(-[tex]\sqrt{3\\}[/tex]/2,1/2);(-x,y)

Step-by-step explanation:

use the 1, root 3, 2 trick. 150's reference angle is 30 as q2 = 180-x


1 is the opposite here,  2 is always hypotenuse, root 3 is adjacent here

x value is based on cos = CAH
it's minus because in q2 angles are (-x,y)

hope that helps

I’ve been stuck on this question can someone help?

Answers

practice harder and harder you will get what you want

Solve the problem.
Two cylindrical cans of beef stew sell for the same price. One can has a diameter of 6 inches and a
height of 4 inches. The other has a diameter of 4 inches and a height of 6 inches. Which can contains
more stew and is therefore, a better buy?

Answers

Answer:

The first can.

Step-by-step explanation:
formula: Pi x diameter x height

1st can has a volume of 113.10
2nd can has a volume of 75.40

John was at the store and he saw his favorite video game

Answers

Answer:

That's cool

Step-by-step explanation:

Answer:

Thats cool and all but whats the wuestion

Step-by-step explanation:

6) The frequency table represents lunch choices for 22 middle school students. Each student may only make one choice. What frequency count should be recorded for the soup category?
-------
A) 2
B) 4
C) 6
D) 8

Answers

The frequency count that should be recorded for the soup category is 6.

What does subraction mean?

Subtraction is the process of taking one number away from another number. The sign used to represent subtraction is -.

What is the frequency count for the soup category?

The frequency count on the table should be equal to the number of students. Thus, in order to determine the frequency count for the soup category, subtract 22 from the total frequency count.

The frequency count for the soup category = 22 - (5 + 8 + 2 + 1 ) = 6

To learn more about subtraction, please check: https://brainly.com/question/915789

Can you help me solve this

Answers

Answer:

27 miles

Step-by-step explanation:

27 miles is your answer

Devi rides the bus to her grandmother’s house every day. She tracked how many minutes the bus rides took for one week:


Calculate the mean, median, range, and midrange of the bus ride times for a week.

Answers

Answer:

Noone can answer it if you dont give us the numbers

Step-by-step explanation:

Well has -55.00 in his account if he saves $2.50 his mom gives him lunch every day, how many days will it be until he has a balance of at least $0

Answers

Answer:

22 days

Step-by-step explanation:

55 divided by 2.5=22 days

Answer: 22 Days

Step-by-step explanation:

-55.00/2.50= -22
But since you can’t have a negative answer then you have to make it positive for your amount of days! So it would take that person 22 days to have 0 in his account!

- I hope this helped! I tried my best but definitely double check with your teacher for this answer!

In the data set below, what are the lower quartile, the median, and the upper quartile?

Answers

The median, upper and lower quartiles of the data set are:

Lower Quartile = 46

Median = 49

Upper Quartile = 90

What is the Median?

The center value or middle value of a data set is the median.

What are the Upper and Lower Quartiles?

Upper quartile (Q3) is the center or middle data point of the second half of a data set.

Upper quartile (Q3) is the center or middle data point of the second half of a data set.

Order the data set given as:

32, 46, 49, 49, 77, 90, 96

Lower Quartile = 32, (46), 49, 49, 77, 90, 96 = 46

Median = 32, 46, 49, (49,) 77, 90, 96 = 49

Upper Quartile = 32, 46, 49, 49, 77, (90,) 96 = 90

Learn more about the Median, Upper and Lower Quartiles on:

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Write the number in scientific notation. 0.0805

a)8.05 × 10
b)0.805 × 10–1
c)80.5 × 100–3
d)8.05 × 10–2

Answers

D , you would move the decimal so there would only be one non digit zero to the left decimal and then move exponent on the 10. if you move the decimal to right there would be a negative exponent and that makes the left decimal a positive
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