What would you need to invest to produce $23711 if your interest rate is 3.6% compounded monthly for 15 years? Round your answer to the nearest dollar.

Answers

Answer 1

Answer:

$10576.38

Step-by-step explanation:

To calculate the investment amount required to produce $23711 at an interest rate of 3.6% compounded monthly for 15 years, you can use the formula for compound interest:

A = P * (1 + r/n)^(nt)

where:

A is the amount of money you have after "t" years,

P is the initial investment amount (what you want to find),

r is the interest rate as a decimal,

n is the number of times the interest is compounded per year,

t is the number of years the investment will be compounded for.

In this case,

r = 0.036

n = 12 (because the interest is compounded monthly)

t = 15

So, we can plug in the values into the formula and solve for P:

A = P * (1 + 0.036/12)^(12 * 15)

$23711 = P * (1.003)^(180)

$23711 = P * 2.2375

Dividing both sides by 2.2375:

P = $23711 / 2.2375

P = $10576.38

So, to produce $23711 at an interest rate of 3.6% compounded monthly for 15 years, you would need to invest $10576.38. Rounded to the nearest dollar, this amount is $10576.


Related Questions

estimate the population in the year 2040

Answers

well, in 2007 it was 12000, so initially that's what it was, and in 2019 it went to 23000, so that's 12 years later, and in 2040, that'll be 33 years later.

[tex]\qquad \textit{Amount for Exponential Growth} \\\\ A=P(1 + r)^t\qquad \begin{cases} A=\textit{accumulated amount}\dotfill & \$ 23000\\ P=\textit{initial amount}\dotfill &12000\\ r=rate\to r\%\to \frac{r}{100}\\ t=years\dotfill &12\\ \end{cases} \\\\\\ 23000 = 12000(1 + \frac{r}{100})^{12}\implies \cfrac{23000}{12000} =\left(1+ \cfrac{r}{100} \right)^{12} \\\\\\ \cfrac{23}{12}=\left(\cfrac{100+r}{100} \right)^{12}\implies \sqrt[12]{\cfrac{23}{12}}=\cfrac{100+r}{100}[/tex]

[tex]100\sqrt[12]{\cfrac{23}{12}}=100+r\implies 100\sqrt[12]{\cfrac{23}{12}}-100=r\implies \boxed{5.57\approx r} \\\\[-0.35em] ~\dotfill\\\\ \qquad \textit{Amount for Exponential Growth} \\\\ A=P(1 + r)^t\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{initial amount}\dotfill &12000\\ r=rate\to 5.57\%\to \frac{5.57}{100}\dotfill &0.0557\\ t=years\dotfill &\stackrel{year~2040 }{33}\\ \end{cases} \\\\\\ A \approx 12000(1 + 0.0557)^{33} \implies \boxed{A \approx 71782}[/tex]

CJ has three more pet pigs than Jacqui has. Let’s write an expression to represent how many pigs CJ has. To do that, we follow these steps:

Identify the constants and the variables.
There is one known number or constant here: it is 3. CJ has 3 more pigs than Jacqui. That number, 3, won’t change. The variable is the number of pets Jacqui has. Let’s call that j.
Identify the operations.
The phrase “more than” tells us we need to add. There are no other operations in this expression.
Rewrite the phrase as an expression.
“Three more pet pigs than Jacqui has” is 3 + j.
Last year, Shailyn read four fewer books than Oswaldo. Which expression shows how many books Shailyn read last year?

Answers

Answer: Let's follow the same steps as in the previous example:

Identify the constants and the variables.

The known constant here is 4. Shailyn read 4 fewer books than Oswaldo. Let's call the number of books Oswaldo read "o".

Identify the operations.

The phrase "four fewer" tells us we need to subtract.

Rewrite the phrase as an expression.

"Four fewer books than Oswaldo" is o - 4.

So, the expression that shows how many books Shailyn read last year is o - 4.

Step-by-step explanation:

Write an equation to describe the sequence below. Use n to represent the position of a term
In the sequence, where n = 1 for the first term.
-25, -50, -100,...
Write your answer using decimals and integers.
a,
Blank 1:
Blank 2:
Submit
C
C

Answers

An equation to show the sequence is -25n.

What is a geometric series?

When all the terms of the geometric sequence are added, than that expression is known as geometric series.

The sum of terms of a geometric sequence;

Now, lets suppose its initial term is   , multiplication factor will be r

and let it has total n terms, then, its sum is given as:

[tex]S_n = \dfrac{a(r^n-1)}{r-1}[/tex]

(sum till nth term)

We are given that;

The first term of sequence=-25

D= -50-(-25)

=-25

Now,

an = a + (n-1)d

=-25+(n-1)-25

=-25-25n+25

=-25n

Therefore, the answer of the sequence will be -25n.

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please help meee

here is the picture

Answers

Answer:

f(-2) = 46

f(-1) = 17

f(0) = 2

f(1) = 1

f(2) = 14

Step-by-step explanation:

F(-2) = 46

F(-1)= 17

F(0)= 2

F(1)= 1

F(2)= 14

What are the zeros of this function?


A. -1, 3
B. 3, 1
C. 0, 1.5
D. 1, 2

Answers

Answer:

B

Step-by-step explanation:

the zeros are the values of x on the x- axis where the graph crosses

the graph crosses the x- axis at 1 and 3

then the zeros are x = 1 , x = 3

Sets A and B are subsets of the universal set U.
These sets are defined as follows.
U= {f, k, m, q, x,y}
A={f, k, m, y}
B = {f, m,q}
Find the following sets.
Write your answer in roster form or as Ø.
(a) AUB' =
(b) A' B' =

Answers

(a) The union set is AUB'={f, k, m, x, y}.

(b) The union set is A'UB'={q,k, x, y}.

What is the union of two sets?

The union of two sets is also a set. This set contains all the elements of both two sets.

The universal set is U= {f, k, m, q, x,y} and two subsets are A={f, k, m, y} and B = {f, m,q}.

(a)

B' is the complementary set of B. So, find the elements of B'=U-B.

B'= {f, k, m, q, x,y}-{f, m,q}

={k, x,y}

Now, find the union set AUB'.

AUB' ={f, k, m, y}U{k, x,y}

={f, k, m, x, y}

Therefore, the required answer is AUB'={f, k, m, x, y}.

(b)

Also, A' is the complementary set of A. So, find the elements of A'=A-B.

A'= {f, k, m, q, x,y}-{f, k,m, y}

={q,x}

Now, find the union set A'UB'.

A'UB' ={q,x}U{k, x,y}

={q,k, x, y}

Therefore, the required answer is A'UB'={q,k, x, y}.

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Endpoints of a diameter are (−5,−11) and (−1,1) Find the standard form of the equation for the circle with the following properties.

Answers

Answer:

Standard form of the equation for the circle

(x + 3)² + (y + 5)² = 40

Step-by-step explanation:

The equation of a circle in standard form is
[tex]\boxed{(x - a)^2 + (y-b)^2= r^2}[/tex]

where (a, b) is the center of the circle and r is the radius

To find center of circle

The end points of the diameter are (-5, -11) and (-1, 1)

The center of the circle is midway between these two points

The x-coordinate of the midpoint = (-5 + -1)/2 = -6/2 = -3

The y-coordinate of the midpoint is (-11 + 1) /2 = -10/2 = -5

So the center of the circle is at (-3, -5)

To find the radius,

Calculate the distance from (-3, -5) to any of of the endpoints.

Let's take the endpoint (-1, 1) and find its distance from (-3, -5)

The distance between any two points (x₁, y₁) and (x₂, y₂) is calculated from the formula


[tex]d^2 = {(x_{2} - x_{1})^2 + (y_{2} - y_{1})^2[/tex]

Substituting
(x₁, y₁) = (-1, 1)
(x₂, y₂)  = (-3, -5)

and r for distance

we get

[tex]r^2 = {(-3 - (-1))^2 + (-5 - 1)^2[/tex]

[tex]r^2 = {(-2)^2 + (-6)^2}[/tex]

[tex]r^2 = {{4} + {36}}[/tex]

[tex]r^2 = {40}[/tex]

So the center (a, b) is (-3, -5) and r² =40

Plugging this into the circle equation:
(x - (-3))² + (y - (-5))² = 40

(x + 3)² + (y + 5)² = 40

Need help on algebra please

Answers

Answer:

Step-by-step explanation:

A car travels 55 mph and passes a truck travelling 50 mph. How long will it take the car to be
more than 23 mi ahead?

Answers

Answer:you never asked for like in what minutes or hours?

Step-by-step explanation:

Final answer:

The car, traveling at a speed 5 mph faster than the truck, will take more than 4.6 hours to be more than 23 miles ahead.

Explanation:

This question pertains to relative speed. When the car is traveling at 55 mph and the truck at 50 mph, the car is effectively moving away from the truck at (55 mph - 50 mph) = 5 mph. To calculate the time it will take for the car to be more than 23 miles ahead, we can use the formula: Time = Distance/Speed. So the time it would take is Time = 23 miles / 5 mph = 4.6 hours. Therefore, it will take the car more than 4.6 hours to be more than 23 miles ahead.

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Find
(M.
f(x)=√√√x²-1
g(x)=√√√x-1
a. √√x+1
b. √√x-1
C.
d.
-X+1
1
X+1

Answers

The function operation (f/g)(x) in the functions f(x) = √( x² - 1 ) and g(x) = √( x - 1 ) is √( x + 1).

What is the function operation (f/g)(x) in the function?

A function is simply a relationship that maps one input to one output.

Given the functions in the question;

f(x) = √( x² - 1 )g(x) = √( x - 1 )(f/g)(x) = ?

To evaluate (f/g), replace the function designators in f/g with the actual functions.

(f/g)(x) = f(x) / g(x)

(f/g)(x) = ( √( x² - 1 ) ) / ( √( x - 1 ) )

Now, rewrite 1 as 1²

(f/g)(x) = ( √( x² - 1² ) ) / ( √( x - 1 ) )

Factor using difference of square

(f/g)(x) = ( √( (x - 1)(x + 1 ) ) / ( √( x - 1 ) )

Combine into a single radical

(f/g)(x) = √( ( (x - 1)(x + 1) ) / ( x - 1 ) )

Now, cancel out the common factors (x-1)

(f/g)(x) = √(  (x + 1) / 1 )

(f/g)(x) = √( x + 1)

Therefore, the function operation (f/g)(x) is √( x + 1).

Option A) √( x + 1) is the correct answer.

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sum of 2nd term of an infinite geometric series is -1/2 and the third term is 1/4 find the sum of series​

Answers

Answer:

2

Step-by-step explanation:

1 plus 1 due to the characterisation of the number 1 increasing by 1 gives you 2

x^{2}-2x+ and completing the square ( Algebra 2 )

Answers

x^2 - 2x + 1 is the required quadratic equation using the completing the square

Perfect square trinomials using the completing the square

Given the quadratic expression below

x^2 - 2x

We need to determine the constant that will make the expression a perfect square.

The constant will be the half of the square of coefficient of 'x'

Coefficient of 'x' = -2

Half of the coefficient of 'x' = -2/2 = -1

Square of the coefficient = (-2/2)^2

Square of the coefficient = 1

Hence the complete quadratic expression using the completing the square is x^2 - 2x + 1

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If the scale factor of figure A to figure B is 3:8 find x

Answers

I think the answer is 9 because 3/8 = x/24
8x = 72
9

If joes shoes cost 44 dollars and 20 cents and joe has 10
dollars and 68 cents. How much money does joe need?

Answers

Answer: 44.20-10.68=33.52

He need 33.52$

Step-by-step explanation:

An electric clock is stopped by a power failure. What is the probability that the second hand is stopped between the 4 and the 9​?

Answers

Answer: the answer is 5/12

Xin is going to invest in an account paying an interest rate of 5.8% compounded annually. How much would Xin need to invest, to the nearest hundred dollars, for the value of the account to reach $2,290 in 16 years?

Answers

The amount that should be invested in order to have $2,290 in 16 years is $929.11.

What is compound interest?

The interest on a deposit calculated using both the initial principle and the accrued interest from prior periods is known as compound interest. In other words, compound interest is interest that is earned on interest.

Here, we have

Given: Xin will invest in an account paying an interest rate of 5.8% compounded annually.

Amount to invest = Future value / (1 + r)ᵗ

Where:

r = interest rate

t = time

X = $2,290 / (1 + 0.058)¹⁶

X = 2,290 / 2.46474

X = $929.11

Hence, the amount that should be invested in order to have $2,290 in 16 years is $929.11.

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PLEASE HELP!!! PLEASE IM BEGGING SOMEONE TO HELP ME GHIS IS DUE TOMORROW

Answers

Answer:

D

Step-by-step explanation:

It's the most random and produces no bias.

Answer:

D

Step-by-step explanation:

Find the value of X
Please help! Asap

Answers

Answer:

Step-by-step explanation:

One cubic foot holds 7.48 gallons of​ water, and 1 gallon of water weighs 8.33 pounds. How much does 4.4 cubic feet of water weigh in​ pounds? In​ tons?

Answers

Answer:

4.4 cubic feet of water weighs approximately 273.5016 pounds or 0.13676 tons.

Step-by-step explanation:

To find the weight of 4.4 cubic feet of water in pounds, we need to find the number of gallons it contains and then multiply it by the weight of one gallon of water.

1 cubic foot = 7.48 gallons

So, 4.4 cubic feet = 4.4 * 7.48 = 32.912 gallons

And the weight of 32.912 gallons of water in pounds is:

32.912 gallons * 8.33 pounds/gallon = 273.5016 pounds

To convert this weight to tons, we divide the weight in pounds by 2000:

273.5016 pounds / 2000 = 0.13676 tons

So, 4.4 cubic feet of water weighs approximately 273.5016 pounds or 0.13676 tons.

Counting back from 18, what number follows 17?​

Answers

Answer:

16

Step-by-step explanation:

As the question states, we are counting downwards which means with every interval we are going back -1. Therefore, 17 - 1 = 16

A candle is burning. It starts out 12 inches long. After 1 hour, it is 10 inches long. After 3 hours, it is 5.5 inches

1. Explain one reason why it might be reasonable to model the relationship between time and height of the candle with a linear function.

2. Explain one reason it might NOT be reasonable to model this relationship with a linear relationship

Answers

The reasons for (1) and (2) are added below

Why it is reasonable to use a linear function

One reason why it might be reasonable to model the relationship between time and height of the candle with a linear function is that the rate of change of the candle's height appears to be constant over time.

Why it is unreasonable

One reason why it might NOT be reasonable to model this relationship with a linear function is that the candle's height cannot continue to decrease indefinitely.

This means that the candle's height is bounded and cannot continue to decrease linearly forever.

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cathy invest $3,700 into an account with a 3.75% annual interest rate, making no other deposits or withdrawals.

a) what with cathy’s balance be after 6 years if the interest rate is compounded quarterly?

b) how much more (or less) money would be in cathy’s account if the interest is compounded continuously?

Answers

Answer: no

Step-by-step explanation:

product p of three numbers x ,y,and z

Answers

Answer:

p = x(y)(z)

Step-by-step explanation:

product is multiplication.

multiplication has no specific order.

The product of three numbers x, y, and z can be calculated as follows:

p = x * y * z

Where x, y, and z are the three numbers whose product we want to find.

Calculate the area of the triangle

Answers

find the length of the x

a^2 + b^2 = c^2

12x^2 + b^2 = 13^2

144 + b^2 = 169

b^2 = 25

b = 25; x = 5

use the formula

a = (1/2)(24)(5)

a = (1/2)(120)

area = 60

The value of a motorcycle changes according to the equation V=5,000(1.03)t^, where V= value in dollars and t= time in years.

Use the dropdowns to complete the statements.


In the equation, the number 5,000 represents the ________ of the motorcycle. The value of the motorcycle is __________ at a rate of ________ per year.

Answers

In the equation, the number 5,000 represents the initial value of the motorcycle. The value of the motorcycle is increasing at a rate of 3% per year.

What are Exponential Functions?

Exponential functions are functions where the independent variable, x is in the exponent.

The given exponential equation is,

V = 5,000 (1.03)^t

Here V represents the value of the motorcycle in t years.

When t = 0,

V = 5000 (1.03)⁰ = 5000

So 5000 represents the initial value of the motorcycle.

V = 5,000 (1 + 0.03)^t

At t = 0, V = 5000

At t = 1, V = 5000 (1.03)¹ = 5150

At t = 2, V = 5000 (1.03)² = 5304.5

So the value of the motorcycle is increasing.

The rate is 0.03 or 3%.

Hence, 5,000 represents the initial value of the motorcycle and the value of the motorcycle is increasing at a rate of 3% per year.

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Can someone please help me do this

Answers

The vertices of the image of triangle ABC are A''(x, y) = (- 6, 8), B''(x, y) = (- 8, 4) and C''(x, y) = (- 4, 4).

How to determine the image of a triangle set on Cartesian plane

Any triangle can be generated by three points that are not collinear, in this problem we need to determine the image of a triangle, which is the result of two rigid transformations: (i) Reflection over the y-axis, (ii) Dilation centered at the origin with a scale factor of 2, whose definitions are shown below:

Reflection over the y-axis:

(x, y) → (- x, y)

Dilation centered at the origin with a scale factor of 2:

(x, y) → (2 · x, 2 · y)

If we know that A(x, y) = (3, 4), B(x, y) = (4, 2), C(x, y) = (2, 2), then the image of the vertices are determined below:

Reflection over the y-axis

A'(x, y) = (- 3, 4), B'(x, y) = (- 4, 2), C'(x, y) = (- 2, 2)

Dilation centered at the origin with a scale factor of 2

A''(x, y) = (- 6, 8), B''(x, y) = (- 8, 4), C''(x, y) = (- 4, 4)

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2. What is the equation of the parabola that passes
through the points (-1,0), (7, 0) and (3,-16)?
3. What is the equation of the parabola that passes
through the points (-4,9), (-3, 2) and (0,-7) and (4,9)?

Answers

The equations of the parabolas are y = x² - 6x - 7 and y = x² - 7

How to determine the equation of the parabolas

Parabola 1

Given that

The points (-1,0), (7, 0) and (3,-16)

The equation is represented as

y = ax² + bx + c

So, we have

a - b + c = 0

49a + 7b + c = 0

9a + 3b + c = -16

Make c the subject in a - b + c = 0

c = b - a

So, we have

49a + 7b + b - a = 0

9a + 3b + b - a = -16

48a + 8b = 0

8a + 4b = -16

Multiply 8a + 4b = -16 by 2

48a + 8b = 0

16a + 8b = -32

Subtract

32a = 32

So, we have

a = 1

Recall that 48a + 8b = 0

So, we have

48 + 8b = 0

This gives

8b = -48

Divide

b = -6

Also, we have

c = b - a

This gives

c = -6 - 1

c = -7

So, the equation is

y = x² - 6x - 7

Parabola 2

Given that

The points (-4,9), (-3, 2) and (0,-7) and (4,9)

The equation is represented as

y = ax² + bx + c

So, we have

16a - 4b + c = 9

9a - 3b + c = 2

c = -7

16a + 4b + c = 9

The equations become

16a - 4b = 16

9a - 3b = 9

16a + 4b = 16

Add (1) and (3)

32a = 32

So, we have

a = 1

Subtract (1) and (3)

-8b = 0

So, we have

b = 0

So, the equation is

y = x² - 7

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A positive integer is twice another. The difference of the reciprocals of the two positive integers is frac(1,10). Find the two integers.

Answers

The two integers are 5 and 10.

What do you mean by Integers?

An integer is a number with no decimal or fractional part and it includes negative and positive numbers, including zero.

Integer is a Latin word which means 'whole' or 'intact'. This means integers do not include fractions or decimals.

A number is positive if it is greater than zero, so it said to be positive integers

A number is negative if it is less than zero, so it said to be negative integers.

A number line is a visual representation of numbers on a straight line. This line is used for the comparison of numbers that are placed at equal intervals on an infinite line that extends on both sides, horizontally.

Given:

Let x be the positive number

2x be the other positive number

Find the first integer

[tex]\frac{1}{x} - \frac{1}{2x} = \frac{1}{10}[/tex]

[tex]\frac{2x - x}{2x^2} = \frac{1}{10}[/tex]

[tex]\frac{x}{2x^2} = \frac{1}{10}[/tex]

[tex]\frac{1}{2x} = \frac{1}{10}[/tex]

2x = 10

x = 5

Therefore, the first positive integer is 5.

Find the other integer

2x = 2(5) = 10

Therefore, the other integer is 10.

To check:

[tex]\frac{1}{x} - \frac{1}{2x} = \frac{1}{10}[/tex]

[tex]\frac{1}{5} - \frac{1}{10} = \frac{1}{10}[/tex]

[tex]\frac{2}{10} - \frac{1}{10} = \frac{1}{10}[/tex]

[tex]\frac{1}{10} = \frac{1}{10}[/tex]

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mr ramirez bought a watermelon that weighs 12 pounds for a picnic he cuts it into pieces that each weigh 1.5 pounds. how many pieces of water melon can mr ramiez cut?

Answers

What does it mean to have something be equal (Equivalent)?

Equivalence means to be same, whether it be value, temperature, size, etc.

Let's make an equation to solve this problem. We first would need to take the total (12 pounds) and divide that total by the amount each slice must weigh (1.5 pounds) to get an equal number of slices.

12 ÷ 1.5 = 8

To check our work, we can take number of slices (8), and multiply that by the weight of each slice (1.5 pounds) to get the original weight of the watermelon.

8 × 1.5 = 12

Now, we know for sure that Mr. Ramirez can make 8 watermelon slices each weighing 1.5 pounds if he has a 12-pound watermelon.

Rob loaded 9 trucks in 1 hour find his loading speed per hour

Answers

Answer:

9 trucks/hour

Step-by-step explanation:

If he loaded 9 trucks in one hour, his loading speed is 9 trucks per hour.

Other Questions
the area of a rectangular rug is 49x^2-25y^2 in. Use factoring to find possible dimensions of the rug. How are the side lengths related? what value would you need to subtract from the longer side and add to the shorter side for the rug to be a square. president roosevelts first concern as president was the___A. public panic caused by the bank failures.B. prohibition of the manufacture and sale of alcoholic beverages.C. make electric power available through utility cooperatives.D. used an overly broad definition of interstate commerce. [TRUE or FALSE] sand found in commercial sand and gravel deposits is typically composed of silicate minerals. I really need help for homework Biology 102 and it's Due: Feb 15, 2023 at 11:59 PM ESTQuestion 4 divide 124.7 g by 25 cm3 and round off the answer Who made the first video game console? Senderos 2 page 30 answers It is April 19, 2012 and you suddenly remember that your credit card bill is due the next day. You have the money in your checking account to pay the bill in full. The mailing address for the credit card company is a few thousand miles away so you assume that it will take a few days for your check to arrive. What should you do? A. Take the letter to the post office to get it postmarked on or before April 20th since that will be fine with the credit card company. B. Access your credit card account online to see if they have online options available that will get the payment to them by April 20th. C. Send the check to your credit card company through your banks bill pay service which guarantees 48 hour delivery. D. Call the credit card company to tell them you will be late with your payment a 36-year-old man presents with extreme abdominal pain and a history of peptic ulcer disease. upon assessment, the nurse notes his abdomen is rigid and boardlike with absent bowel sounds. you suspect: in the layout of a printed circuit board for an electronic product, there are 12 different locations that can accommodate chips. (a) if 5 different types of chips are to be placed on the board, how many different layouts are possible? Question 7 (Mandatory) (1 point)Which point is on the graph of y = -2x + 1? What ideas about Identity or developed by the conversations between Noah and the black students in this section rich people tend to be snobs because they have materialistic values. of course they have materialistic values because they fail to appreciate true human qualities. and why do they do this? because they are condescending and haughty. naturally they are condescending and haughty because they tend to be snobs can you match the example with the industry lifecycle stage? autonomous driving car industry is beginning to be trialed by some of the major car manufacturers. in a time of 2.9 h, a bird flies a distance of 92.6 km in a direction 29.3 degrees east of north. take north to be the positive y direction and east to be the positive x direction. express your answers in km/h. when a patient arrives in the emergency room, he is restless and irritable with unlimited energy and a rapid rate of speech. the attending psychiatrist believes the patient has taken cocaine or amphetamines and admits him for observation. the next day the symptoms are the same. what condition might the psychiatrist now consider as relevant to the diagnosis? catatonic schizophrenia conversion disorder mania depression dissociative fugue Do not pray for an easy life pray to be a stronger man meaning? Given the following segment lengths,find the value of x. What is the subatomic particle that gives the nucleus an overall positive charge? two charged dust particles exert a force of on each other. what will be the force if they are moved so they are only one-eighth as far apart?