How much would you need to invest in a money market account if you would like to have $5,000 in the account at the end of 3 years? The account provides an APR of 5% compounded monthly.​

Answers

Answer 1

Answer:

To calculate the amount you would need to invest in a money market account to have $5,000 at the end of 3 years, we can use the formula for future value of an investment:

FV = PV(1+r)^n

where FV is the future value of the investment, PV is the present value of the investment, r is the interest rate (expressed as a decimal), and n is the number of compounding periods.

In this case,

FV = $5,000 (future value)

r = 5% (APR) = 0.05 (as a decimal)

n = 3 years * 12 (months) = 36

So we can use the formula:

PV = FV / (1 + r)^n

PV = $5,000 / (1 + 0.05)^36

PV ≈ $3,716.76

So you would need to invest $3,716.76 in the money market account to have $5,000 in the account at the end of 3 years.


Related Questions

In △ABC, the length of median BM is half the length of side AB and ∠ABM measures 40°. Find m∠ABC.

Answers

Answer:

m∠ABC = 180.

Step-by-step explanation:

In a triangle, the median to the side opposite the largest angle bisects that angle.

Since BM is a median, it bisects ∠C, the angle opposite side AB.

Let's call the angle opposite side AB angle x, so x/2 = 40.

Therefore, x = 80

Since a triangle has 180 degree, then if we add all the angles in the triangle we get:

m∠ABC = m∠BAC + m∠BCA + m∠CAB = x + (180-x) + (180-x) =180

So m∠ABC = 180

The actual sum is
0
A i need help for this math please

Answers

Answer:

the answer is 0

Step-by-step explanation:

because the question you asked has no digits other than 0

Multiply the previous term by 3 and subtract 4 The second term of the sequence is 5. Find the difference between the first and fourth terms of the sequence.

Answers

Answer:

72

Step-by-step explanation:

Given that the second term of the sequence is 5, and that we are to multiply the previous term by 3 and subtract 4, we can use that as a recursive formula to find the other terms of the sequence.

The first term of the sequence is:

5*3-4 = 11

The third term of the sequence is:

53-4=11

113-4=29

The fourth term of the sequence is:

53-4=11

113-4=29

29*3-4=83

The difference between the first and fourth terms of the sequence is:

83-11 = 72

So the difference between the first and fourth terms of the sequence is 72.

factorise 6xy - 5x squared

Answers

Answer:

see full calculations in below

Step-by-step explanation:

Answer:

don't know my dear friend

Ill give brainiest for the answer

Answers

Answer:

m∠10 = 41°

Step-by-step explanation:

If ∠9 and ∠10 are complementary. Then ∠7 and ∠8 are complementary as well. Complementary angles meameansns they sum up to 90 degrees.

m∠7 + m∠8 = 90

m∠7 + 41 = 90

m∠7 = 90 - 41 = 49°

Given that m∠7 ≅ m∠9. So m∠9 = 49° and m∠10 = 41°.

Need help for 50 points.

Answers

Answer:

Step-by-step explanation:

Answer:

The Graph is Below

Step-by-step explanation:

7Mr's sharma spends 17/25 parts of her earning of her children education. how many childrene percent does she spends on her daughter education How many percent does she save.​

Answers

If Mrs. Sharma spends 17/25 parts of her earnings on her children's education, then she is spending (17/25) x 100 = 68% of her earnings on her children's education.

If the number of children is the same, she spends 68%/number of children on her daughter education.

If she spends 68% of her earnings on her children's education, then she is saving 100 - 68 = 32% of her earnings.

So, she spends 68% on her daughter education and she saves 32% of her earning.

Cyprian was allowed a discount of 11% for goods at sh 800 and a discount of 8.6% for worth 17000.What percentage discount was he allowed altogether

Answers

The percentage discount that Cyprian was allowed altogether was 8.21%.

What is the percentage discount?

The percentage discount is a portion of the sales price that reduces the amount the purchaser or customer pays for their purchase.

Percentages are ratios of a value or variable compared to another or the whole matter.

We express Percentages as the quotients of the division operations multiplied by 100.

In this situation, the overall percentage discount is worked out step by step as follows:

Discount on goods worth Sh. 800 = 11%

= Sh. 88 (Sh. 800 x 11%)

Discount on goods worth Sh. 17,000 = 8.6%

= Sh. 1,462

The total value of goods = Sh. 17,800 (Sh. 800 + Sh. 17,000)

Percentage discount = 8.21% (Sh. 1,462/Sh. 17,800 x 100)

Thus, overall, the total discount based on the full value of goods Cyprian bought was 8.21%.

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Find the values of k and m in the parallelogram?

Answers

Answer:

In order to find the values of k and m in a parallelogram, you would need to have additional information such as the coordinates of the points that make up the parallelogram and the formulas or equations that relate k and m to these points.

Here is one way to find the values of k and m in a parallelogram:

Label the four vertices of the parallelogram as A, B, C, and D with the opposite sides parallel to each other.

Find the slope of the line segment AB by using the formula (y2-y1)/(x2-x1), where (x1, y1) and (x2, y2) are the coordinates of the two points.

Let the slope of AB be represented by k.

Find the slope of the line segment AD by using the same formula and let it be represented by m.

The values of k and m are now found.

Please note that, this method is only applicable if the Parallelogram is not degenerate i.e, it is not a rectangle or a line.

It is also important to keep in mind that different formulas or equations may be used depending on the specific context of the problem. It is also important to check that the slopes of opposite sides are equal.

Step-by-step explanation:

PLEASE HELP ME ASAP IREADY

Answers

The y-intercept is 20

6, 12, 15, 60, 65, ?

Answers

Answer:

390

Step-by-step explanation:

The pattern here is inversing between multiplying and adding

6 to 12 = ×2

12 to 15 = +3

15 to 60 = ×4

60 to 65 = +5

This means that to get the next number you must do ×6 since the next pattern has to be × and the number must be 6!

65 × 6 = 390

Have a lovely day :)

Maureen bought a new car worth $26,525 one year ago. She knows that her car's value will depreciate each year. She uses an online calculator to find that her car is worth $24,403 today. Write an exponential equation in the form y = a(b) that can model the value, y, of Maureen's car x years after purchase. Use whole numbers, decimals, or simplified fractions for the values of a and b. ​

Answers

The exponential equation that models the function of Maureen's car is 26,525 (0.92)

a = 26,525 and b = 0.92

What is an exponential function?

Exponential function is a type of function of the form: f(x) = a(b)^x. It is made up of  3 main parts

a = the starting value

b = the base function

x = the exponents

Considering the problem,

the starting = $26,525

the base = depreciation

the exponents = x

A year ago hence x = 1

$24,403 = $26,525(b)¹

b = 24,403 / 26,525

b = 0.92

hence we can say that a = 26,525 and b = 0.92

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Two alien spaceships start traveling toward each other from space stations that are 710,000 km apart. The first spaceship started an hour before the second spaceship and is traveling at 110,000 km/hr. In how many hours will the two spaceships meet if the second spaceship is traveling at 90,000 km/hr?

Answers

Answer:

They will meet after 4 hours from the departure

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

The distance is 710000 km and the first spaceship has travelled 110000 km in the first hour.

The remainder of the distance is reducing by:

110000 + 90000 = 200000 km an hour

Time to travel before they meet:

(710000 - 110000)/200000 = 600000/200000 = 3 hours

Add the first hour to this to get total travel time of 4 hours.

solve the inequality:
||x-3|-2|≤1

Answers

Answer:

-1 ≤ x ≤ 5

Step-by-step explanation:

-1 ≤ x ≤ 5 is the answer

what’s the numerator for the rational expression?

Answers

The numerator of the rational expression will be 6.

What is an expression?

The mathematical expression combines numerical variables and operations denoted by addition, subtraction, multiplication, and division signs.

Mathematical symbols can be used to represent numbers (constants), variables, operations, functions, brackets, punctuation, and grouping. They can also denote the logical syntax's operation order and other properties.

Given that the expression is 1 / b + 5 / b = x / b.

The expression will be solved as below,

E = (1/b) + (5/b)

E = ( 1 + 5 ) / b

E = 6 / b

Hence, the numerator will be equal to 6.

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what is the solution to this equation?
[tex](\frac{1}{4})x^+{1}=32[/tex]

Answers

[tex]\cfrac{1}{4}x+1=32\implies \stackrel{\textit{multiplying both sides by }\stackrel{LCD}{4}}{4\left( \cfrac{1}{4}x+1 \right)=4(32)}\implies x+4=128\implies x=124[/tex]

To which set does the number
11 belong. Choose the most descriptive answer.

O rational
O irrational
O whole
O natural

Answers

Answer:

Step-by-step explanation:

The number 11 belongs to the set of natural numbers. Natural numbers are the set of all positive whole numbers, including 0, and the number 11 is a positive whole number.

I will give brainliest, if you get this correct ​

Answers

Answer: the estimated maintenance cost of cars when the age of cars is 12 years is 16.5 ( in 100 birr)

Step-by-step explanation:

To obtain the regression equation for costs related to age of cars, we can use the method of least squares. This method involves finding the line of best fit that minimizes the sum of the squared differences between the predicted values and the actual values.

The equation for a linear regression line is:

y = a + bx

where a is the y-intercept and b is the slope of the line.

To find the slope of the line (b), we can use the formula:

b = (n(∑xy) - (∑x)(∑y)) / (n(∑x^2) - (∑x)^2)

To find the y-intercept (a), we can use the formula:

a = (∑y - b(∑x)) / n

Given the data provided, we can calculate the following values:

∑x = 142

∑y = 150

∑xy = 2430

∑x^2 = 10304

n = 8

By substituting these values into the formulas for b and a, we can find the slope and y-intercept of the line:

b = (8(2430) - 142(150)) / (8(10304) - 142^2) = 0.5

a = (150 - 0.5(142)) / 8 = 13.5

Therefore, the regression equation for the costs related to age of cars is:

y = 13.5 + 0.5x

To estimate the maintenance cost of cars when the age of cars is 12 years, we can substitute x = 12 into the equation and solve for y:

y = 13.5 + 0.5(12) = 16.5

So the estimated maintenance cost of cars when the age of cars is 12 years is 16.5 ( in 100 birr)

4 hundreds is 10 times as much as 4 thousandths

Answers

No, 4 hundreds is not 10 times as much as 4 thousandths.

How to compare 4 hundreds and 4 thousandths?

Numbers in the tens are numbers that are multiples of 10, such as 10, 20, 30, 40, etc.

4 hundreds is equal to 4 × 100 = 400.

4 thousandths is equal 4/1000 = 0.004

To compare their magnitudes, we can divide 0.4 by 0.004:

400 ÷ 0.004 = 100000

So 4 hundreds (400) is significantly larger than 4 thousandths (0.004).

Therefore, 4 hundreds is 100000 times as much as 4 thousandths.

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9 cm Find the area of the square. Remember A = s² Area of the square cm 2​

Answers

81cm^2

9x9=81

To find the area of a square, multiply the length of a side by itself.

How do you do this math problem involving csc? Can you do it on a ti-84 calculator?

Answers

Answer:   29/21

Explanation:

The TI-84 calculator is fairly powerful and can handle things like this, but it's not needed to be honest. Any calculator will do.

"csc" is shorthand for "cosecant". It's the reciprocal of sine.

csc = 1/sin

Recall that

sin = opposite/hypotenuse

which means

csc = 1/sin = hypotenuse/opposite

What we'll need are the hypotenuse and opposite sides. Plot the points (0,0) and (-20,21). Draw a segment between them. This forms the hypotenuse of the right triangle shown below. This triangle is in the quadrant Q2 in the upper left corner. The hypotenuse 29 is found using the pythagorean theorem a^2+b^2 = c^2.

Use a = 20 and b = 21 to find c = 29.

According to that diagram, we can then say:

csc = hypotenuse/opposite = 29/21

identify the vertex of the parabola

I WILL MARK BRAINLIEST

Answers

Answer:(1,0) which is the second one in the picture

Step-by-step explanation:The vertex is in (1,0).

What is the slope for the graph?

A: -5

B: -1/2

C:2

D: -1/5

Answers

Answer:

Step-by-step explanation:

Since we are given two points in the graph, we can use the slope equation shown below:

(y2-y1)/(x2-x1)

reading the graph left from right (1,11) will be the first point and (3,1) the second. plug in and solve!

(1-11)/(3-1) = -10/2 = -5

The slope is -5

a negative slope makes sense since the graph is leaving the first quadrant.

hope this helps!

Answer: A) -5. Graph slope.

Step-by-step explanation:

The formula to calculate the slope of the line is:

[tex]\boldsymbol{\sf{m=\dfrac{\Delta y}{\Delta x} \iff m=\dfrac{x_2-x_1}{y_2-y_1} }}[/tex]

We have that the points are:

A (x₁, y₁) = 1, 11B (x₂, y₂) = 3,1

We substitute these points in the previous formula and solve:

     [tex]\boldsymbol{\sf{m=\dfrac{x_2-x_1}{y_2-y_1} }}\\ \\ \\ \boldsymbol{\sf{m=\dfrac{1-11 }{3-1} }}\\ \\ \\ \boldsymbol{\sf{m=\dfrac{-10}{5} }}\\ \\ \\ \boxed{\boldsymbol{\sf{m=-5}}}[/tex]

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Please help to solve this

Answers

Hope it helps.

If you have any query, feel free to ask.

Does anyonw know how to solve:

cos2a=4/5?

Answers

The value of a is 18.43°

What are trigonometric ratios?

The six trigonometric ratios are sine (sin), cosine (cos), tangent (tan), cotangent (cot), cosecant (cosec), and secant (sec).

Given that, cos2a=4/5

cos 2a = 4/5

2a = cos⁻¹(4/5)

2a = 36.86°

a = 18.43°

Hence, the value of a is 18.43°

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The function is defined below. (Will give brainliest.)
H(x)= x+2/x^2+4x+4
Find all values of that are NOT in the domain of H.
If there is more than one value, separate them with commas.

Answers

The value of x that is not in the domain of the function is given as follows:

x = -2.

What is the domain of a function?

The domain of a function is the set that contains all the possible input values for the function.

The function in this problem is defined as follows:

H(x) = (x + 2)/(x² + 4x + 4).

The function is a fractional function, meaning that the denominator cannot assume a value of zero.

Hence the values of x that are not in the domain of the function are obtained as follows:

x² + 4x + 4 = 0

(x + 2)² = 0

x + 2 = 0

x = -2.

Hence the value of x = -2 does not belong to the domain of the function H(x), as it would make the denominator assume a value of zero.

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The diagram shows a prism. 1m 2m front 2m 1m 2m side front elevation Draw the front elevation and the side elevation of the prism on the grids. Use a scale of 2 squares to 1 m. side elevation ​

Answers

The required Front view and a Side view of the given prism have been shown.

What is 3d geometry?

3D geometry is the study of shapes in 3D space using three coordinates: x-coordinate, y-coordinate, and z-coordinate. To discover the exact location of a point in 3D space, three criteria are required.

Here,
"Front view" and "side view" refer to two different perspectives of an object or a scene. "Front view" is a perspective of the object or scene as seen from the front, and "side view" is a perspective of the object or scene as seen from the side.

Thus, the required Front view and Side view of the given prism has been shown.

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In ΔXYZ, x = 89 cm, z = 84 cm and ∠Z=70°. Find all possible values of ∠X, to the nearest degree.

Answers

The value of angle X Is 85° ( nearest degree)

What is sine rule?

The sine rule states that if a, b and c are the lengths of the sides of a triangle, and A, B and C are the angles in the triangle; with A opposite a, etc., then a/sinA=b/sinB=c/sinC.

the law of sines is used to solve the triangle, when we know two angles and one side or two angles and one included side. It means that the law of sines can be used when we have ASA (Angle-Side-Angle) or AAS (Angle-Angle-Side) criteria.

therefore x/sin X = z/sinZ

89/sinX = 84/sin 70

89sin70 = 84sin X

= 89× 0.94 = 84sinX

=83.66 = 84sin X

sin X = 83.66/84

sinX = 0.996

X = sin^-1 0.996

X = 85° ( nearest degree)

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$2750 is invested at an interest rate of 3.5% APR compounded quarterly. Determine the amount after 7 years. Round your answer to the nearest hundredth.

Answers

Answer:

The compound interest formula is A = P(1 + r/n)^(nt) where A is the final amount, P is the principal (initial deposit), r is the annual interest rate (expressed as a decimal), n is the number of times interest is compounded per year, and t is the number of years.

In this case, P = 2750, r = 0.035, n = 4 (because interest is compounded quarterly) and t = 7 (because we are trying to find the balance after 7 years).

So the formula becomes:

A = 2750(1 + 0.035/4)^(4*7)

By plugging the number into the formula we can find the final amount after 7 years

A = $3,974.23

So the amount of money in the account at the end of 7 years is $3,974.23, rounded to the nearest hundredth.

what is the solution to -82-3(2x+4)=2(7x+1)-3(2x+4)​

Answers

Answer:

according to BODMAS RULE

first step is to open the bracket , and solve

-82 - 6x - 12=  14x + 2 -6x -12

-82=14x + 2

-84 = 14x

x= -6

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