Jerod hopes to earn $1200 in interest in 4.9 years time from $24,000 that he has available to invest. To decide if it's feasible to do this by investing In an account that compounds monthly, he needs to determine the annual interest rate such an account would have to offer for him to meet his goal. What would the annual rate of interest have to be? Round to two decimal places

Answers

Answer 1

Answer:

The annual interest rate would have to be of 0.1%.

Step-by-step explanation:

Compound interest:

The compound interest formula is given by:

[tex]A(t) = P(1 + \frac{r}{n})^{nt}[/tex]

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

Jerod hopes to earn $1200 in interest in 4.9 years time from $24,000 that he has available to invest.

This means that:

[tex]A(4.9) = 1200 + 24000 = 25200[/tex]

[tex]t = 4.9[/tex]

[tex]P = 24000[/tex]

Compounded monthly:

This means that [tex]n = 12[/tex]

What would the annual rate of interest have to be?

We have to solve for r, so:

[tex]A(t) = P(1 + \frac{r}{n})^{nt}[/tex]

[tex]25200 = 24000(1 + \frac{r}{12})^{12*4.9}[/tex]

[tex](1 + \frac{r}{12})^{12*4.9} = \frac{25200}{24000}[/tex]

[tex](1 + \frac{r}{12})^{58.8} = 1.05[/tex]

[tex]\sqrt[58.8]{(1 + \frac{r}{12})^{58.8}} = \sqrt[58.8]{1.05}[/tex]

[tex]1 + \frac{r}{12} = (1.05)^{\frac{1}{58.8}}[/tex]

[tex]1 + \frac{r}{12} = 1.00083[/tex]

[tex]\frac{r}{12} = 0.00083[/tex]

[tex]r = 12*0.00083[/tex]

[tex]r = 0.001 [/tex]

The annual interest rate would have to be of 0.1%.


Related Questions

Determine the center and radius of the following circle equation:
x? + y2 - 2x - 12y +36 = 0

Answers

Step-by-step explanation:  

x²+ y² -12x - 18y +17 = 0 means : (x²-12x+36)-36+(y²-18y+81)-81-27 =0

(x-6)²+(y-9)² =12²....standard form when the center is (-6 , 9) and radius 12

Answer:

The center is at (1, 6) and the radius is 1.

Step-by-step explanation:

x^2 + y^2 - 2x - 12y +36 = 0

Convert to standard form:

x^2 - 2x + y^2 - 12y = -36

(x - 1)^2 - 1 + (y - 6)^2 - 36 = -36

(x - 1)^2 + (y - 6)^2 = -36 + 36 + 1

(x - 1)^2 + (y - 6)^2 =  1

The center is at (1, 6) and the radius is 1.

[-4,6)
Write the interval as an inequality.

Answers

Answer:

4<×<6

Step-by-step explanation:

interval as an inequality

The picture can be represented by the equation 40 divided by 8 equals 5.

Answers

Answer:

what is to do here

[tex] \sqrt[8]{40} = 4 \\ 5[/tex]

the answer like this up will be 5 what grade question

Police response time to an emergency call is the difference between the time the call is first received by the dispatcher and the time a patrol car radios that it has arrived at the scene. Over a long period of time, it has been determined that the police response time has a normal distribution with a mean of 6.4 minutes and a standard deviation of 1.7 minutes. For a randomly received emergency call, find the following probabilities.
a) between 5 and 10 min.
b) less than 5 min.
c) more than 10 min.

Answers

The probability that  a randomly received emergency call is between 5 and 10 min is 77.97%.

Z score

Z score is used to determine by how many standard deviations the raw score is above or below the mean. It is given by:

z = (x - μ) / σ

Where μ is the mean, σ is the standard deviation and x is the raw score.

Given that μ = 6.4, σ = 1.7

For x = 5:

z = (5 - 6.4) / 1.7 = -0.83

For x = 10:

z = (10 - 6.4) / 1.7 = 2.12

a) P(5 < x < 10) = P(-0.83 < z < 2.12) = P(z < 2.12) - P(z < -0.83) = 0.9830 - 0.2033 = 0.7797

b)  P( x < 5) = P(z < -0.83) = 0.2033

c)  P(x > 10) =1 - P(z < 2.12) = 1 - 0.9830 - 0.2033 = 0.017

The probability that  a randomly received emergency call is between 5 and 10 min is 77.97%.

Find out more on Z score at: https://brainly.com/question/25638875

What is 7*1893/2? Help please

Answers

Multiply first then divide:

7*1893 = 13251

13251/2 = 6625.5

Answer: 6625.5

What is 27.6 / 8???????????

Answers

Answer:

seriously??

have you heard of calculators lol

the answer is 3.45

How do the 2s in 12.5 and 0.912 compare?

A The value of the 2 in 12.5 is 11,000 the value of the 2 in 0.912.

B The value of the 2 in 12.5 is 1100 the value of the 2 in 0.912.

C The value of the 2 in 12.5 is 10 times the value of the 2 in 0.912.

D The value of the 2 in 12.5 is 1,000 times the value of the 2 in 0.912.

Answers

Answer:

  D The value of the 2 in 12.5 is 1,000 times the value of the 2 in 0.912

Step-by-step explanation:

The value of a digit in a number can be found by setting the other digits to zero.

The value of 2 in 12.5 is 2.

The value of 2 in 0.912 is 0.002.

The ratio of values is 2.000/0.002 = 2000/2 = 1000.

The value of 2 in 12.5 is 1000 times the value of 2 in 0.912.

Answer:

D

Step-by-step explanation:

The answer is D

HELP!!!! PLZZZZZZZZZZ

Answers

Answer:

2x³ + 4x² cub. inches

3x³ + 36x² + 105x cub. inches

x³ + 32x² + 105x cub. inches

Step-by-step explanation:

Volume of the small box = x × 2x × (x + 2)

= 2x²(x + 2)

= 2x³ + 4x² cubic inches

Volume of the large box = (x + 5)(x + 7) × 3x

= (x² + 12x + 35) × 3x

= 3x³ + 36x² + 105x cubic inches

Difference between Volume of large box and small box = 3x³ + 36x² + 105x - (2x³ + 4x²)

3x³ + 36x² + 105x - 2x³ - 4x²

x³ + 32x² + 105x cubic inches

Draw the image of AABC under a translation by 3 units to the left and 3 units down

Answers

this is an answer if u have somethin better go for it

Help help help help help help help help

Answers

Answer:

y=2

y=4

y=6

y=8

Step-by-step explanation:

please mark brainlist

Emilio has 8 large bottles of soda and 12 large jugs of water. Emilio wants to set up identical tables and have no drinks left over. What is the greatest number of tables that he can set up?

Answers

Answer:

4

Step-by-step explanation:

Think about the ratio between the current number of large bottles of soda(8) and the current number of jugs of water (12)

By finding the GCF (Greatest Common Factor) of the two numbers, we can conclude that if both numbers were to be divided by the GCF, 4, we would get a 2:3 ratio.

For every 2 bottles of soda, 3 jugs of water will be placed. Keep doing this until we run out of both sources of liquid, in this case, 4 tables where we would use all the bottles of soda and the jugs of water.

What is the range if this function ?

Answers

Answer:

-4 to 0 (both -4 and 0 are included in the range because of the dots)

Breakfast eaten and the slim camp-outfit lashed to the sled, the men turned their backs on the cheery fire and launched out into the darkness. At once began to rise the cries that were fiercely sad—cries that called through the darkness and cold to one another and answered back. Conversation ceased. Daylight came at nine o'clock. At midday the sky to the south warmed to rose-colour, and marked where the bulge of the earth intervened between the meridian sun and the northern world. But the rose-colour swiftly faded. The grey light of day that remained lasted until three o'clock, when it, too, faded, and the pall of the Arctic night descended upon the lone and silent land.

As darkness came on, the hunting-cries to right and left and rear drew closer—so close that more than once they sent surges of fear through the toiling dogs, throwing them into short-lived panics.

At the conclusion of one such panic, when he and Henry had got the dogs back in the traces, Bill said:

"I wisht they'd strike game somewheres, an' go away an' leave us alone."

"They do get on the nerves horrible," Henry sympathized.

They spoke no more until camp was made.

Read this line from the story:
As darkness came on, the hunting-cries to right and left and rear drew closer, ...

What is the purpose of this sentence in the story? (5 points)

It implies a mood of utter despair.
It implies a near tragic event.
It creates a feeling of being trapped.
It creates a sense of action. I AM GIVING 50 POINTS!!!!!!!!!!!!!!!!!

Answers

Answer:

A

Step-by-step explanation:

The problem with this kind of question is that the author tells you what you should see in that sentence. The dogs experienced fear. Any other answer you suggest is not what the author means. So you are guessing. It is adding to the notion that the arctic is not a friendly place and you cannot go sunbathing in and be comfortable in the middle of winter.

A is as good an answer as you are likely to get, but I don't think it's right.

1. As a diver descends, the pressure in the water
a
increases by about 0.455 pound per square
inch
(psi) for each foot of descent. This can be
modeled by the equation P = 0.455d + 14.3,
where P is the pressure in pounds per square
inch and d is the depth in feet.
Use a graphing calculator to graph the model.
(a)
Sketch the graph showing d (horizontal axis
representing depth )and P (vertical axis
representing the pressure).

Answers

Plotting the graph using geogebra online graphing tool and attaching.

A linear equation is in the form:

y = mx + b

where y, x are variables, m is the rate of change and b is the initial value of y.

Let P represent the pressure in pounds and d represent the depth in feet.

Given the equation:

P = 0.455d + 14.3

Plotting the graph using geogebra online graphing tool and attaching.

Find out more at: https://brainly.com/question/13911928

can anyone help me please just cat get it​

Answers

Answer:

it is c I think if not sorry

[tex]~\hspace{10em}\textit{function transformations} \\\\\\ \begin{array}{llll} f(x)= A( Bx+ C)^2+ D \\\\ f(x)= A\sqrt{ Bx+ C}+ D \\\\ f(x)= A(\mathbb{R})^{ Bx+ C}+ D \end{array}\qquad \qquad \begin{array}{llll} f(x)=\cfrac{1}{A(Bx+C)}+D \\\\\\ f(x)= A sin\left( B x+ C \right)+ D \end{array} \\\\[-0.35em] ~\dotfill[/tex]

[tex]\bullet \textit{ stretches or shrinks horizontally by } A\cdot B\\\\ \bullet \textit{ flips it upside-down if } A\textit{ is negative}\\ ~~~~~~\textit{reflection over the x-axis} \\\\ \bullet \textit{ flips it sideways if } B\textit{ is negative}\\ ~~~~~~\textit{reflection over the y-axis}[/tex]

[tex]\bullet \textit{ horizontal shift by }\frac{ C}{ B}\\ ~~~~~~if\ \frac{ C}{ B}\textit{ is negative, to the right}\\\\ ~~~~~~if\ \frac{ C}{ B}\textit{ is positive, to the left}\\\\ \bullet \textit{ vertical shift by } D\\ ~~~~~~if\ D\textit{ is negative, downwards}\\\\ ~~~~~~if\ D\textit{ is positive, upwards}\\\\ \bullet \textit{ period of }\frac{2\pi }{ B}[/tex]

now keeping that template for transformations above in mind, let's take a look at this one

[tex]\stackrel{\textit{original}}{f(x) = |x|}\implies f(x)=\stackrel{A}{1}|\stackrel{B}{1}x+\stackrel{C}{0}|+\stackrel{D}{0}[/tex]

now, the vertex of this type, or original that'll be the origin at (0,0), and its' graph looks like a V.

now let's take a peek at the graph, hmmm from the original V-shape it moved to the left by 2 units, with a horizontal shift of C/B = 2, we can say that +2/1 gives B = 1 and  C = +2, and moved upwards by 3 units, namely D = +3.

we can also see that it flipped upside-down over the horizontal(x-axis), namely A is negative, on all choices the only value we see for A is "4", so it must be that A = -4

let's plug all those in

[tex]\begin{cases} A=-4\\ B=1\\ C=+2\\ D=+3 \end{cases}\qquad f(x)=\stackrel{A}{-4}|\stackrel{B}{1}x+\stackrel{C}{2}|+\stackrel{D}{3}\implies f(x)=-4|x+2|+3[/tex]

Will give brainliest

Answers

Answer:

between midnight and 3am i think

Step-by-step explanation:

Find the equation of the line.
Use exact numbers.
y= x+

Answers

Answer:

The equation of this line is y = -3x + 7

Step-by-step explanation:

Remember that when writing an equation for a graphed linear line, we must write it in slope intercept form (y=mx+b). The m represents the slope, and the b represents the y-intercept.

(The slope determines the direction in which the line goes, and is written as rise/run.)

In this case the slope is going to be negative, since the line is going downwards to the right. Additionally the slope of this line is -3/1 or just -3.

(The y-intercept is the point in which the line crosses the y-axis.)

In this case, since the line crosses the y-axis at positive 7, the y-intercept will be 7.

So all together we have y = -3x + 7.

Hope this helps you :)

d ÷ 20 = 0.81
d = ?
what is d?

Answers

Answer: 16.2

Step-by-step explanation:

i used the calculator

455,757,974,946,454 ×454,942,164,313,233.Plz help.​

Answers

91929229

7373738292929202010100110010110

which cost the most per tablet
50 individually wrapped pain reliver talets for 9.50, 100 tablets in a bottle for 6.32 or 500 tablets in a bottle for 13.42

Answers

Answer:

It is C. 500 tablets in a bottle for 13.42

Step-by-step explanation:

9.50/50 = 0.19 cents per individually wrapped pain reliver tablets.

6.32/100 = 0.06 cents per tablets in a bottle.

13.42/500 = 0.02 cents per tablets in a bottle.

Multiply.
[−3⋅914]⋅[(−0.1)⋅(−28)]
What is the product?

Answers

Answer:

x=5.3984

Step-by-step explanation:

Perimeter of piecewise rectangular figure. Please help.

Answers

Check the picture below.

so the perimeter is 6+16+14+7+8+9 = 60.

What would be the total cost of
Software M over time?
Satisfaction 55%. $0
$[?]
Not Satisfied
$6,000
Software X
45% - $18,000
Software M.
$12,000
95% - $0
Satisfaction
Not Satisfied
5% • $2,000
Entor

Answers

1. The total cost of Software M over time is $10,000.

2. The total cost of Software X over time is $4,000.

Data and Calculations:

Cost of Software M = $12,000

Satisfaction rate with Software M = 95%

Cost of satisfaction level = $0

Cost of dissatisfaction level = $2,000

Percentage of not satisfied = 5%

The total cost of Software M over time is $10,000 {($12,000 x 95% - $0) + ($12,000 x 5% - $2,000)}.

Cost of Software X = $6,000

Satisfaction rate with Software X = 55%

Cost of satisfaction level = $0

Cost of dissatisfaction level = $18,000

Percentage of not satisfied = 45%

The total cost of Software M over time is $4,000 {($6,000 x 55% - $0) + ($6,000 x 45% - $2,000)}.

Learn more about total cost based on satisfaction ratio here: https://brainly.com/question/25940131

y=sech(tan‐¹x) find the derivative ​

Answers

Recall that

d/dx sech(x) = - sech(x) tanh(x)

d/dx tan⁻¹(x) = 1/(1 + x²)

Then by the chain rule,

dy/dx = - sech(x) tanh(x) / (1 + x²)

A professional guitarist charges a flat amount for performances at restaurants and events. He played 6 performances over 2 weeks and made a total of $420. Write an equation and solve for the amount he makes for each performance.

Answers

Answer:

The guitarist makes 70$ a performance

Step-by-step explanation:

To find how much he makes per performance we need to make an equation where how much he makes per performance is x

The equation would be:

x=420

Then we would divide both sides by 6

6÷6×x=420÷6

which would make the equation

x=70

meaning that the guitarist makes 70$ per performance

Let performances be x

[tex]\\ \sf{:}\dashrightarrow 6x(2)=420[/tex]

[tex]\\ \sf{:}\dashrightarrow 12x=420[/tex]

[tex]\\ \sf{:}\dashrightarrow x=420/12[/tex]

[tex]\\ \sf{:}\dashrightarrow x=35[/tex]

7.
The transformation described below adds 1 to the x-coordinate and doubles the y-coordinate of any given point.
(x,y) → (x + 1, 2y)
2
What is the effect of this transformation on distance and angle measure?
A. It preserves angle measure but does not preserve distance.
B. It preserves neither distance nor angle measure.
C. It preserves both distance and angle measure.
D
It preserves distance but does not preserve angle measure.

Answers

Answer:  make me brainlist

Step-by-step explanation: CCCCCCC

A car can travel 300 miles on 12 gallons of gas. At this rate, how many miles can the car travel on 1 gallon of gas?


12 miles

12 miles

25 miles

25 miles

120 miles

120 miles

312 miles

312 miles

Answers

Answer:

25 miles?

Step-by-step explanation:

Which explanation could be used to verify weather the functions are inverse

Answers

Answer:it is the second option

Step-by-step explanation:

neither of the lines are paralell to the y=x

HELP

please help me!! will mark whoever gets it right brainlist
(question is in image below) ⬇️

Answers

Answer:

[tex](x-6)^2=8[/tex]

Step-by-step explanation:

[tex]x^2-12x+32=4[/tex]

[tex]x^2-12x+32+4=4+4[/tex]

[tex]x^2-12x+36=8[/tex]

[tex](x-6)^2=8[/tex]

Basically, you need to add a number to both sides so that you can reduce the left side to a square. In this case, you add 4.

Using the graph of f(x) and g(x), where g(x) = f(-x), determine the value of k
10
9
8
g(x)
f(x)
7
6
5
4
4
3
2
0
0
3
5
6
7
8

0-1
-4
ANSWERS:
4
1/4
-1/4
-4

Answers

Answer:

45

Step-by-step explanation:

(f+g)(x)

f(x)= x-3, g(x)= 2x+8

Other Questions
calculate the calculate the area of a circle whose diameter is 9 cm and pie is 22/7 On January 1, 2020, Sandhill Co., a calendar-year company, issued $2320000 of notes payable, of which $580000 is due on January 1 for each of the next four years. The proper balance sheet presentation on December 31, 2020, is: A chocolate factory made 369.84 pounds of milk chocolate in 2 days. How much milk chocolate, on average, did the factory make per day? what type of transport takes place when a protien allows an ion to enter a cell, but no additional energy is needed to make this happen? Binary search is a very fast searching algorithm, however it requires a set of numbers to be sorted.a. Trueb. False Question 10 of 10 A certain seed is surrounded by a sticky coating. It is fairly dense and does not float in water. How is this seed most likely spread? A. It is dispersed by the wind, and it sprouts after it falls to the ground B. It drops to the bottom of a body of water, where it sprouts. C. It attaches to the fur of an animal, and it sprouts after it falls from the animal's fur. D. Animals eat it, and it is deposited in their waste. A computer vauled at $30,000 is depreciated to $0 value over a 6 year period. find the rate of change in the computer's value per year. 2) Write the importance of social traditions and customs practised in Nepal. I need help finding the answer Read the excerpt from the story Hummingbird and Heron:Many years ago, when the world was so young that the sun was still new in the sky, there lived two friends. Heron was large and slow, with a long, gangly neck and big, floppy wings. Hummingbird was tiny and swift, with wings that moved so quickly that they buzzed and a slender beak as sleek as a needle.Heron and Hummingbird both loved to eat fish from the river. Every morning, Heron would fish to her heart's content, eating until her stomach was so round and heavy that she had to waddle back to shore. Every afternoon, Hummingbird would fish and feast until he was so heavy that his tiny, buzzing wings could no longer keep him in the air. Heron and Hummingbird thought they were the luckiest birds in the world.One afternoon, Hummingbird did not catch as many fish as usual. He fished and he fished, but his line came up empty more times than it ever had before. He flew to Heron's house."Heron! Heron!" he called. "Why have you eaten all the fish?"Heron bustled to her door, angry and surprised at her friend's accusation."Me? Eat all the fish?" she squawked. "I barely caught anything this morning! My poor stomach has been growling all day."How does the narrator's point of view influence the description of events?The narrator's point of view allows the reader to know exactly what Heron is thinking when he doesn't catch any fish. The narrator's point of view allows the reader to know that both Heron and Hummingbird are satisfied after eating many fish. The narrator's point of view allows the reader to know that Hummingbird has had a growling stomach all day. The narrator's point of view allows the reader to see Hummingbird as reasonable because he doesn't accuse Heron of eating all the fish. please find the value of x A superhero can fly from New York to Los Angeles in 30 minutes. The distance from New York to Los Angeles is approximately 2,450 miles.How many miles per hour is the superhero flying? three fewer than four times a number is five more than twice the number. What is the numberA. 1B. 2C. 4D. -1/3 Surface area of the below shape Solve the equation for all values of x.-x(x 8)(x^2+25) = 0 explain the meaning of accidents with examples for the home and school Can you do this question? What is the constant of proportionality in the equation x 2- = Y 9 A store has x packages of 4 markers and y packages of 12 markers. The store has a total of 192 markers instock. If there are 21 packages of 4 markers in the store, how many packages of 12 markers are there? Megan fails to see any connection between how hard she works and the size of her annual pay raises. Consequently, she no longer puts much effort into her job, even though she really wants a big raise. This best illustrates the importance of ________ in the operant conditioning of work habits. Group of answer choices