Grayson is going to invest in an account paying an interest rate of 4% compounded
continuously. How much would Grayson need to invest, to the nearest dollar, for the
value of the account to reach $15,000 in 5 years?

Answers

Answer 1

Grayson would need to invest approximately $10,994 to the nearest dollar for the value of the account to reach $15,000 in 5 years.

What is continuously compounded interest?

Continuous compounded interest indicates that an account balance is constantly earning interest and reinvesting that money so that it, too, earns interest.

The formula for continuous compounding is given by:

[tex]A = Pe^{rt}[/tex]

where A is the amount in the account after t years, P is the principal amount (the amount invested), r is the annual interest rate, and e is the base of the natural logarithm.

We want to find P when A = $15,000, r = 0.04, and t = 5 years.

Substituting these values into the formula, we get:

[tex]15000 =Pe^{0.04*5}[/tex]

Simplifying the right-hand side, we get:

[tex]15000 =Pe^{0.2}[/tex]

Dividing both sides by e^(0.2), we get:

[tex]P= \frac{15000}{e^{0.2}}[/tex]

Using a calculator, we get:

P ≈ $10,994

Therefore, Grayson would need to invest approximately $10,994 to the nearest dollar for the value of the account to reach $15,000 in 5 years.

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Related Questions

26 gallons of gas cost $80.08. What is the unit rate for 1 gallon of gas?

A. O$2.98 per gallon

B. O$3.08 per gallon

C. O$4.16 per gallon

D. O$308.00 per gallon

Answers

It’s B!!! Hope this answer helped!!

When she subtracts 4 from both sides, 1/2x = -1/2x
results. What is the value of x?

Answers

Answer: 0

Step-by-step explanation:

1/2x = -1/2x cannot be true for any other value of x except when x equals 0. In other words, we need the left and right sides to equal each other, but that would only happen when x=0.

Need help quick with this problem!!! [tex]\frac{6x^{-1} y^{-1}}{\sqrt[4]{xy^{4}} }[/tex]

Answers

[tex]~\hspace{7em}\textit{negative exponents} \\\\ a^{-n} \implies \cfrac{1}{a^n} ~\hspace{4.5em} a^n\implies \cfrac{1}{a^{-n}} ~\hfill \begin{array}{llll} \textit{rational exponents} \\\\ a^{\frac{ n}{ m}} \implies \sqrt[ m]{a^ n} \end{array} \\\\[-0.35em] ~\dotfill[/tex]

[tex]\cfrac{6x^{-1}y^{-1}}{\sqrt[4]{xy^4}}\implies \cfrac{6}{x^1 y^1 \left( xy^4 \right)^{\frac{1}{4}}}\implies \cfrac{6}{x^1 y^1 \left( x^{\frac{1}{4}}y^1 \right)}\implies \cfrac{6}{x^1x^{\frac{1}{4}} y^1 y^1} \\\\\\ \cfrac{6}{x^{1+\frac{1}{4}} y^{1+1}}\implies \cfrac{6}{x^{\frac{5}{4}} y^2}\implies {\Large \begin{array}{llll} \stackrel{a\quad b \quad ~~ c}{6x^{-\frac{5}{4}}y^{-2}} \end{array}}[/tex]

Which set of measurements would prove that ΔABC and ΔDEF are similar?

A. DE = 15, EF = 20 and m∠D = 35
B. DE = 16, DF = 21 and m∠D = 35
C. DE = 12, DF = 16 and m∠D = 35
D. DE = 18, EF = 24 and m∠D = 70

Answers

Option (c) is correct answer.

(C) DE = 12, DF = 16 and m∠D = 35

which states, length of DE is 12 units , length of DF is 16 units and m/D=35 degrees.

Similar Triangles :

If two figures possess the same shape but not necessarily the same size, they are considered to be similar. We may remark that all circles are similar as an example. Equilateral triangles and squares are similar to one another. Although similar figures need not be congruent, all congruent figures are similar.

Property 1:

Two triangles are similar if their respective sides have the same ratio and their corresponding angles are equal.

Property 2:

The corresponding angles of two similar triangles will have equal values . Equiangular triangles are what they are called.

Now by property 1,

The pairs of  corresponding sides of similar triangles are proportional .

Therefore, in the given triangles,

[tex]\frac{AB}{DE} =\frac{AC}{DF} \\\\\frac{AB}{AC} =\frac{DE}{DF} \\\\\frac{9}{12} =\frac{DE}{DF} \\\\\frac{3}{4} =\frac{DE}{DF}[/tex]

Therefore, in the given options, option (c) satisfies the condition.

Hence, DE = 12 , and DF = 16.

By property 2 we know that , corresponding angles of similar triangles are equal.

hence, /A=/D

therefore, /D=35.

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Help MEEE I HAVE UNTIL TOMORROW

Answers

The actual width and length of the bedroom are respectively; 9 ft and 12 ft

How to interpret Scale Drawing?

The parameters are given as;

Width of house = 30 feet = 360 inches

Length of house = 45 feet = 540 inches

Scale drawing width of house = 4 inches

Scale drawing length of house = 6 inches

Thus;

Scale factor width = 360/4 = 90

Scale factor length = 540/6 = 90

Scale drawing width of bedroom = 1.2 inches

Scale drawing length of bedroom = 1.6 inches

Thus;

Actual width of bedroom = 1.2 inches * 90 = 108 inches or 9 ft

Actual length of bedroom = 1.6 inches * 90 = 144 inches or  12 ft

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Find the value of C that makes 16x^2 -24x + C a perfect square

Answers

The required value of C is 3 which makes 16x² - 24x + C a perfect square.

What is Perfect Square?

A perfect Square is defined as an integer multiplied by itself to generate a perfect square, which is a positive integer. Perfect squares are just numbers that are the products of integers multiplied by themselves.

The expression is given in the question, as follows:

16x² - 24x + C

(4x)² - 24x + C

As we know that the factoring identity:

(a - b)² = a² - 2ab + b²

After comparing, we have a = 4x and 2ab = 24x

Solving for b:

2(4x)b = 24x

b = 24x/8x

b = 3

So 16x² - 24x + 3 = (4x - 3)²

This means the required value of C is 3 which makes a perfect square.

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Which number line best represents the solution to the inequality 3x+2≤4x+5≤9
?

Answers

The number line of the inequality is (d)

How to determine the number line of the inequality

from the question, we have the following parameters that can be used in our computation:

3x+2≤4x+5≤9

When this is expanded, we have

3x + 2 ≤ 4x + 5 and 4x + 5 ≤ 9

Evaluate the like terms

So, we have the following representation

-x ≤ 3 and 4x ≤ 4

Divide by the coefficient of x

x ≥ -3 and x ≤ 1

When combined, we have

-3 ≤ x ≤ 1

So x is between -3 and 1, inclusive.

This is represented by the number line (d)

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In fall​ 2006, Pace University in New York raised its annual tuition from ​$25,000 to ​$29,750. Freshman enrollment declined from 1,475 in fall 2005 to 1,130 in fall 2006. Assuming that the demand curve for places in the freshmen class at Pace did not shift between 2005 and​ 2006, use this information to calculate the price elasticity of demand LOADING... . Use the midpoint formula in your calculation.

Answers

Answer:The answer is 20000

Step-by-step explanation:

Graph the function y=x/4

Answers

Answer:

Step-by-step explanation:

How can credit cards be safer than cash? a. It is harder to lose a single credit card than a large number of bills. b. A credit card requires a signature, so it is impossible for anyone other than you to use. c. If a merchant does not hold up their end of an agreement, you can call the credit company and dispute the charges. d. Cash can be miscounted, but credit cards cannot.

Answers

If a merchant does not hold up their end of an agreement, you can call the credit company and dispute the charges. This way, credit cards can be safer than cash.

What is credit card?

A credit card is a small plastic payment card that is provided by a person's bank and enables the cardholder to pay a merchant for products and services depending on the cardholder's accumulated debt.

To be on the safe side in the event that a merchant breaches an agreement, a cardholder may contact the credit bureau to resolve the disputed charges.

So, this way credit cards can be safer than cash.

Hence, option C is the correct solution.

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1. If you get a new job, outline the three forms you will have to deal with to file your taxes. Which one do you have to fill out when you start? Which one does your employer send you? Which one do you use to file your taxes?
2. What is the difference between gross income, taxable income, and adjusted gross income?

Answers

If you get a new job, outline the forms you will have to deal with to file your taxes. The form has to fill in Form W-9 sent by the employer and given use to file your taxes.

What is the purpose of Form W - 9?

The company determines what information to include in the Form 1098 or Form 1099 based on the information provided on the Form W-9.

Information about taxpayers is gathered using Form W-9 to assist with informational reporting to the IRS.

Although it is utilised in other contexts as well, the Form W-9 is most frequently employed when working with businesses that employ independent contractors.

The form requests that a taxpayer enter their name, residence, tax bracket, and withholding specifications.

Therefore, from the following conditions are:

1. Outline the forms you will need to file your taxes if you get a new job. Form W-9 must be completed and returned to the employer in order to file your taxes.

A W-2 will be given to you detailing your profits. New employees are frequently required to complete a Form W-4 rather than a Form W-9 in order to supply their company with information about their taxpayers.

2. Gross income is all income from whatever source derived that is not excluded or deferred from income. AGI is gross income minus "for AGI" deductions. Taxable income is AGI minus "from AGI" deductions.

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Help!!
Write an equation to show the total cost, y, for x months.

Answers

The required equation for this problem is:


Y=12x+30

5 redused to lowest terms make it easy kid friendly for my 10 year old equation please

Answers

Sure! To reduce the fraction 5 to its lowest terms, we need to find the greatest common factor of 5 and divide both the numerator and denominator by it.

The greatest common factor of 5 and 5 is 5, so we divide both the numerator and denominator by 5 to get:

5 / 5 = 1

So, 5 reduced to its lowest terms is 1.

To make it kid-friendly, you could explain it like this: "We can simplify the fraction 5 by dividing the top and bottom by the biggest number that they both share. In this case, 5 is the biggest number that 5 and 5 share, so we divide both 5 and 5 by 5 to get 1."

Erica built a fort out of big foam blocks that are 1 /4 of a foot tall. She is adding a 5-foot tower to one side of the fort. How many blocks tall will the tower be?

Answers

By the equation formed by the relation to build 5 feet tall tower, Erica will need 20 bricks.

What is an equation?

An equation is a mathematical statement consisting of two expressions joined by an equal sign. For example, 3x – 5 = 16 is an equation. Solving this equation gives the value of the variable x as x = 7. 

According to the information given in the question:

1 brick = 1/4 Feet

Which means, 4 bricks = 1 feet

As Erica wants to make 5 feet tall tower,

5 feet tower = 5 x 4

                     = 20 bricks

Hence, Erica will need 20 bricks to build 5 feet tower.

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the frame of a bike weighs16 pounds. each tire weighs 9 ounces. the seat weighs 12 ounces. the handlebars weigh 24 ounces. how punds does the bike weigh

Answers

19.375 pounds is the weight of bike.

What is Unit of Measurement?

A unit of measurement is a definite magnitude of a quantity, defined and adopted by convention or by law, that is used as a standard for measurement of the same kind of quantity.

Given that the  frame of a bike weighs16 pounds.

each tire weighs 9 ounces.

In a bike there are 2 tires, so total weight of tires is 2×9=18 ounces.

The seat weighs 12 ounces

The handlebars weigh 24 ounces.

Convert the ounces to pounds.

We know that 1 pound=16 ounces

So The total number of weight in ounces is 18+12+24=54 ounces

Divide by 16 to convert 54 ounces to pounds

54/16=3.375

Now total weight=16+3.375 pounds

=19.375

Hence, 19.375 pounds is the weight of bike.

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An investment of $65,000 is increasing at a rate of 3.2% per year. Which function represents how to find the value of the investment after t years?

Answers

Answer:

I honestly don't know I just need points

Polygon DEFG has coordinates D(2, 5), E(3, 1), F(4, 6), and G(6, 6). If the polygon is translated 3 units to the left, what are the coordinates of F'?

( , )

Answers

The polygon DEFG is translated 3 units left to get F'(1, 6)

What is transformation?

Transformation is the movement of a point from its initial location to a new location. Types of transformation are reflection, translation, rotation and dilation.

Translation is the movement of a point either up, down, left or right in the coordinate plane. Translation is a rigid transformation that preserves the shape and size.

Polygon DEFG has coordinates D(2, 5), E(3, 1), F(4, 6), and G(6, 6). The polygon is translated 3 units left to get F'(1, 6)

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Dividends Per Share Sandpiper Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: 20Y1 20Y2 20Y3 Determine the dividends per share for preferred and common stock for each year. Round all answer to two decimal places. If an answer is zero, enter '0'. 20Y1 2012 $30,000 6,000 45,000 20Y3 Preferred Stock (dividends per share) Common Stock (dividends per share) LA​

Answers

Answer: To calculate the dividends per share for preferred and common stock for each year, we need to divide the total dividends by the number of shares for each type of stock.

20Y1:

Preferred Stock: $30,000 / 15,000 shares = $2.00 per share

Common Stock: $6,000 / 50,000 shares = $0.12 per share

20Y2:

Preferred Stock: $30,000 / 15,000 shares = $2.00 per share (cumulative preferred stock means that if the company misses a dividend, they still have to pay it in the future, so the dividends per share remain the same)

Common Stock: $45,000 / 50,000 shares = $0.90 per share

20Y3:

Preferred Stock: $30,000 / 15,000 shares = $2.00 per share

Common Stock: $0 (there is no information about dividends for the common stock in 20Y3)

So, the dividends per share for each year would be:

20Y1:

Preferred Stock: $2.00 per share

Common Stock: $0.12 per share

20Y2:

Preferred Stock: $2.00 per share

Common Stock: $0.90 per share

20Y3:

Preferred Stock: $2.00 per share

Common Stock: $0.00 per share

Step-by-step explanation:

need help pls Choose ALL answers that describe the quadrilateral

Answers

Answer: A. Parallelogram

Step-by-step explanation:  A parallelogram is a four-sided polygon with opposite sides that are parallel and equal in length.

Please help with this equation

Answers

Answer:

Step-by-step explanation:

Adjacent angles is defined as

Opposite,congruent angles formed when two lines intersect.

The sum of two numbers is 42. The smaller number is 16 less than the larger number. What are the numbers?
Larger number:
Smaller number:

Answers

Answer:

Larger number: 29

Smaller number: 13

Step-by-step explanation:

29 + 13 = 42

29 - 16 = 13

Answer:

Larger number: 29

Smaller number: 13

Step-by-step explanation:

x = larger number

y = smaller number

x+y=42

29-13 = 16

29+13=42

How do I simplify this into a radical?

Answers

Answer:

Step-by-step explanation:

To simplify the expression X^(12/7) * Y^(35/7) into its simplest form, we need to find the greatest common divisor (GCD) of the exponents 12/7 and 35/7 and divide both exponents by the GCD. Here's the step-by-step process:

Find the GCD of 12/7 and 35/7. To do this, we'll use the Euclidean algorithm method:

a. Divide the larger number, 35, by the smaller number, 12, and get the remainder: 35 ÷ 12 = 2 with a remainder of 11.

b. Divide the smaller number, 12, by the remainder, 11, and get the quotient and remainder: 12 ÷ 11 = 1 with a remainder of 1.

c. The last non-zero remainder, 1, is the GCD of 12/7 and 35/7.

Divide both exponents by the GCD, 1:

a. X^(12/7) becomes X^(12/7 ÷ 1) = X^12.

b. Y^(35/7) becomes Y^(35/7 ÷ 1) = Y^35.

Replace the original exponents in the expression with the simplified exponents: X^12 * Y^35.

So, the expression X^(12/7) * Y^(35/7) is simplified as X^12 * Y^35, which is written as a single radical in its simplest form.

[tex]~\hspace{7em}\textit{rational exponents} \\\\ a^{\frac{ n}{ m}} \implies \sqrt[ m]{a^ n} ~\hspace{10em} a^{-\frac{ n}{ m}} \implies \cfrac{1}{a^{\frac{ n}{ m}}} \implies \cfrac{1}{\sqrt[ m]{a^ n}} \\\\[-0.35em] ~\dotfill\\\\ x^{\frac{12}{7}}y^{\frac{35}{7}}\implies \left( x^{12} y^{35} \right)^{\frac{1}{7}}\implies \sqrt[7]{x^{12} y^{35}}\implies \sqrt[7]{x^{7+5} (y^5)^7} \\\\\\ \sqrt[7]{x^7 x^5 (y^5)^7}\implies {\Large \begin{array}{llll} x y^5\sqrt[7]{x^5} \end{array}}[/tex]

A passenger train traveled 240 miles in the same amount of time it took a freight train to travel 160 miles. The rate of the freight train was 20 miles per hour slower than the rate of the passenger train. Find the rate of the passenger train.

Answers

The rate of the passenger's train is given as follows:

60 miles per hour.

What is the relation between velocity, distance and time?

Velocity is distance divided by time, hence the following equation is built to model the relationship between these variables:

v = d/t.

For the passenger train, the equation is given as follows:

v = 240/t.

vt = 240

t = 240/v.

For the freight train, the velocity is 20 miles slower than for the passenger train, hence:

v - 20 = 160/t

v = 160/t + 20.

Replacing the first equation into the second, the rate of the passenger train is obtained as follows:

v = 160v/240 + 20

v = 2v/3 + 20

v/3 = 20

v = 60 miles per hour.

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Selecting from​ millimeter, meter, and​ kilometer, determine the best unit of measure to express the given length.

Answers

Millimeter is the best unit to define the radius of the pencil.

What is a radius?

The distance from a circle's centre to any point on its periphery is known as the radius. The radius of a circle is also known as the distance separating any two points on the circle from its centre. The radius of a circle is the separation between its centre and circumference. Always, the diameter is twice the radius. As a result, the formula is created by multiplying the diameter by two.

Define millimeter.

The smallest unit of measurement is the millimetre. There are a thousand millimetres in a metre, and a dime is somewhat thicker than a millimetre. When measuring anything's length in metric units, you'll be working with meters and variants on meters, including millimeters.

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One cubic foot holds 7.48 gallons of​ water, and 1 gallon of water weighs 8.33 pounds. How much does 2.2 cubic feet of water weigh:
In​ pounds?
In​ tons?

So far I Havn't received the correct answer yet.

Answers

To calculate the weight of 2.2 cubic feet of water, first, we need to find the number of gallons of water in 2.2 cubic feet. This can be done by multiplying 2.2 cubic feet by 7.48 gallons/cubic feet:

2.2 cubic feet * 7.48 gallons/cubic foot = 16.53 gallons

Next, we can find the weight of the water in pounds by multiplying the number of gallons by 8.33 pounds/gallon:

16.53 gallons * 8.33 pounds/gallon = 137.53 pounds

So, 2.2 cubic feet of water weighs 137.53 pounds.

To find the weight in tons, we can divide the weight in pounds by 2,000 pounds/ton:

137.53 pounds / 2,000 pounds/ton = 0.0688 tons

So, 2.2 cubic feet of water weighs 0.0688 tons

Write the sentence as an equation.
242 fewer than the quantity 193 times n equals 131

Answers

The equation that we want to write is:

193n - 242 = 131

How to write the equation?

Here we want to write the sentence:

"242 fewer than the quantity 193 times n equals 131"

As an equation.

The first part means that we need to take a number n, multiply it by 193, and then subtract 242.

193n - 242

And that must be equal to 131, then the equation is:

193n - 242 = 131

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Find the angle of elevation
from point C to point A.

590
m
402 m

2
nm
B
Angle of elevation = [ ? ]0

Answers

The required angle of the elevation at point C to A is given as ∠C = 31°.

What is the angle of elevation?

The angle of elevation is the angle between a horizontal line of sight and a line of sight that is directed upwards to an object or point. In other words, it is the angle between the horizontal and an observer's line of sight to an object above the observer

Here,
A figure has been shown, Consider triangle ABC, where ∠A = 59, ∠B = 90°,
Since the sum of the angle in the triangle should be 180°.
∠A + ∠B + ∠C = 180
∠C + 90 + 59 = 180
∠C = 90 - 59
∠C = 31°

Thus, the required angle of the elevation at point C to A is given as ∠C = 31°.

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e 1.5 Checkpoint: Rational and irrational numbers SNE
Select all the numbers that are irrational.
√55
36
39
√40
L
√√49

Answers

√55 and √40 are the irrational numbers.

What is Number system?

A number system is defined as a system of writing to express numbers.

A rational number is the one which can be represented in the form of P/Q where P and Q are integers and Q ≠ 0.

But an irrational number cannot be written in the form of simple fractions.

√55 is an irrational number

√40 is an irrational number

√49 value is 7 which is a natural number

Hence, √55 and √40 are the irrational numbers.

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Maria is renting kayaks from a local shop that charges a $7 fee, plus an hourly rate of $5. 50. For how long can maria rent the kayak if she pays a total of $40?.

Answers

The number of hours Maria rent the kayak for the paid amount of $40 when hourly rate is $5.50 is equal to 6 hours.

Fees of renting charges paid for kayaks from a local shop = $7

Hourly rate = $5.50

Let 't' be the number of hours Maria rent kayak.

Total fees paid by Maria for renting kayak for 't' hours is equal to $40

Required equation to represents the above condition is

$40 = $7 + $5.50t

Simplify the expression to get the value of 't'

⇒ 5.50t = 40 - 7

⇒ t = 33 / 5.50

⇒ t = 6 hours

Therefore, for the number of hours Maria rent kayak by paying total of $40 is equal to 6 hours.

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Leager
Assessment Items
Question
A researcher found that for the years 2013 to 2019, the equation, y=-0.4(2-3)² + 42,
models the average gas mileage of new vehicles sold in Switzerland, where z is the
number of years since 2013 and y is the average gas mileage, in miles per gallon (mpg).
During what year was the average gas mileage for new vehicles sold in Switzerland the
greatest?

Answers

2016 is the year in which the average gas mileage is the greatest.

What is an equation?

An equation contains one or more variables connected by an equal sign.

Example:

1x + 2 = 99 is an equation.

We have,

y = -0.4 (x - 3)² + 42

where x = the number of years since 2013.

y = average gas mileage

Now,

In 2016,

x = 3

y = -0.4 (3 - 3)² + 42

y = 0 + 42

y = 42

This is the greatest value for any x value.

Thus,

In 2016, the average gas mileage for new vehicles sold is the greatest.

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