The Nelson family invests $6,000 into an account that earns 4.85% annual interest. They deposit an additional $175 each month. At the end of 5 years, will the value in the account be enough to pay for at least the first year of college?

Answers

Answer 1

The amount after five years is calculated by compound interest to be $19733 and it can pay for the first year of college.

For the first year;

Initial money invested = $6,000

Money deposited monthly throughout the year = 12 ×  $175 = $2100

Total principal = $6,000 + $2100 = $8,100

Interest = $8,100 × 4.85 × 1/100 = $392.85

Second year;

Principal = $8,100 + $392.85 + $2100 =$ 10592.85

Interest = $ 10592.85 × 4.85 × 1/100 = $ 513.75

Third year;

Principal = $ 10592.85 +  $ 513.75 +  $2100 = $13206.6

Interest =  $13206.6  × 4.85 × 1/100 = $640.5

Fourth year;

Principal = $13206.6 + $640.5 + $2100 = $15947.1

Interest = $15947.1 × 4.85 × 1/100 = $773.4

Fifth year;

Principal = $15947.1 + $773.4 + $2100 = $18820.5

Interest =  $18820.5  × 4.85 × 1/100 = $912.8

Money at the end of five years; $18820.5 + $912.8 = $19733

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Related Questions

What were some challenges the Africans faced once they arrived on land?

Answers

Answer:

They faced the challenge of surviving in a society that had declared each of them to be private property and that was organized to maintain their subservient status. In the eyes of the law, they had no authority to make decisions about their own lives and could be bought, sold, tortured, rewarded, educated, or killed at a slaveholder's will. All the most crucial things in their lives-from the dignity of their daily labor to the valor of their resistance, from the comforts of family to the pursuit of art, music, and worship-all had to be accomplished in the face of slave society's attempt to deny their humanity.

What is the belief of
akinsei
?

Answers

Answer:

Beliefs

Explanation:

How many of the 6 amendments accepted by Congress for the 1971
NC Constitution, ended up passing?

Answers

3 is the answerrrrrrrrr

a package arrives at your house, but you didn't order anything. Write about what happens next.​

Answers

Answer:

Explanation:

you look for the correct address and bring the package to that house

Answer: Do not open the package

Explanation:

I wouldn't open the package, whatever is in there is not my business. The next day or when avalible I would go to the post office, explain what happened, and let them take care of it.

(Hint : I'm still alive without millions of dollars from a random package)

х
Use context clues to define the word in italics below
Ancient civilizations are similar to our own because they depended on each other, just as we do now.
What does the word civilizations mean?
O A types of comnica
rication
OB. family characteristics
OC important buildings
OD highly developed society

Answers

Answer:

D

Explanation:

It's just d I don't have anything else to say

Senator John C Calhouns position on the proposed Compromise of 1850 was that it should be

Answers

Answer: Henry Clay! He is a senator

Explanation:

Question 25 of 25
What is not covered by liability insurance?
O A. Compensation for the loss of the other person's wages when you
are at fault
B. Repair of damage to your car when you are at fault
C. Repair of damage to the other car when you are at fault
D. Medical expenses for the other person's injuries when you are at
fault

Answers

I believe the answer is B

Repair of damage to the insured car when the driver of the insured car at fault is such a repair that is not covered under a liability insurance. Therefore, the option B holds true.

What is the significance of a liability insurance?

A liability insurance can be referred to or considered as such an insurance policy, which covers the damages caused due to an accident of an insured car when the driver of such car is to be blamed for the accident.

The liability insurance does not cover the damages of the insured car due to the accident, but covers the compensation of the losses, repairs of damages, and the medical expenses of the driver of other vehicle involved in the accident of the insured car.

Therefore, the option B holds true regarding the significance of a liability insurance.

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Who did people look to for information about the world and the Bible?

Answers

Answer:

\

About a third of Americans (35%) say they read scripture at least once a week, while 45% seldom or never read scripture, according to 2014 data from our Religious Landscape Study. Frequency of reading scripture differs widely among religious groups. Majorities of Jehovah’s Witnesses (88%), Mormons (77%), evangelical Protestants (63%) and members of historically black Protestant churches (61%) say they read scripture at least once a week. By contrast, 65% of Jews say they seldom or never read scripture.

Which of the following term refers to the "huge stone" construction of a site such as Stonehenge?
O Menhir
O Megalithic
O Cairn
O Cromlech

Answers

Answer:

Megalithic

Explanation:

relating to or denoting prehistoric monuments made of or containing large stones.

Why did Russian workers go on strike in Saint Petersburg in January 1905?

A. They were protesting a massacre by the local police.
B. They wanted higher wages and better work conditions.
C. They were demanding access to the Winter Palace.
D. They refused to work on the land any longer.

Answers

The Russian workers went on strike in Saint Petersburg in January 1905 primarily because they wanted higher wages and better work conditions.

How can it be explained in detail?

Inadequate working conditions, meagre pay, and long hours were commonplace at the time for Russian labourers. They also had few legal protections and were subjected to harsh government and factory owner policies. A petition requesting improved working conditions and higher pay was sent to the Tsar in January 1905 by a group of employees who had organised a nonviolent demonstration. Nevertheless, the demonstration turned violent when soldiers started firing on the workers, killing dozens and injuring many more in what became known as "Bloody Sunday". The 1905 Revolution, which was precipitated by this incident, was a nationwide uprising of protests and strikes.

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What was one major factor in the growth of the Mauryan Empire's power? A. Forcing all people to practice the same religion B. Maintaining a huge standing army C. Giving military leaders freedom to do as they pleased O D. Limiting India's contact with other parts of the world​

Answers

Answer:

A

Explanation:

so basically he was a really bad guy

There has been a mix-up in the lab, and you have been asked to decipher which vial of cell-free extract is from which experiment: one on glycolysis, one on the citric acid cycle, and one on the electron transport chain and chemiosmosis. Based on this data, identify which vial goes with which experiment and explain why.

Answers

The citric acid cycle can be associated with the first vial. Glycolysis can be associated with the second vial. The chemiosmosis can be combined with the third vial and the electron transport chain can be combined with the fourth vial.

We can arrive at this answer because:

The citric acid cycle is called the Krebs Cycle. Oxaloacetate is an intermediate compound in the Krebs cycle. The first vial has a high concentration of oxaloacetate and therefore we can associate it with the citric acid cycle.Pyruvate is the end product of glycolysis and has a high concentration in the second vial, which can be associated with glycolysis.The electron transport chain produces a large amount of ATP, which can be associated with the fourth vial which contains a large concentration of ATP.Chemosmosis is the movement of ions across the plasma membrane. It does not produce, nor does it promote a high concentration of any element, which justifies our association in the third vial.

The vial and the products they contain can be seen in the figure below.

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Many ancient Chinese rulers used to help them maintain tule

Answers

Answer:

So what is the question?

Explanation:

Which statement would Henry Grady most likely have agreed with?

a
Georgians should support the Populist movement

b
Southern culture must be protected so Northerners should return to the North

c
The South must become industrialized like the North

Answers

Answer:

C. The South must become industrialized like the North

Explanation:

George F Kennan's "Containment Policy" was based on all the following assumptions EXCEPT:



a) soviet totalitarianism was internally week


b) soviet leaders were more concerned with staying in office rather than strict Marxist ideology


c) The US should ignore Soviet expansionism and let it run its course unopposed


d) soviet policy makers needed a hostile United States to justify themselves

Answers

George F Kennan's containment policy was based on all of the following assumptions except option B. The US should ignore Soviet expansionism and let it run its course unopposed.

The option B is not correct as a containment policy. This is due to the fact that the containment policy was an agreement that the United States had to contain the excesses of the Soviet Union.

He had suggested that the United States should stifle the communism that was growing in some parts of Europe and also in Asia.

He proposed the containment policy as a way of dealing with the Soviet Union.

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why was the election of 1800 a victory for the constitution?

Answers

Answer:

The only constitutional change that resulted from the election of 1800 was the twelfth amendment requiring separate electoral votes for president and vice president.

Explanation:

PLSSSSSSS HELP ME PLEASE PLEASE PLEASE ITS MORE THAN ONE ANSWER

Why did the United States declare war against Spain in 1898?

Select all correct answers.


Spanish authorities mistreated the people of Cuba.

The U.S.S. Maine blew up in Havana harbor.

José Martí led Spanish troops in an attack on Ybor City, Florida.

American newspaper publishers pushed public opinion in favor of war.

Answers

Answer:

The United States declared war against Spain in 1898 because Spanish authorities mistreated the people of Cuba and because the U.S.S. Maine blew up in Havana Harbor. Also, yellow journalism was prominent in the late 19th century, therefore, American newspaper publishers were successful in pushing public opinion in favor of war.

Explanation:

The relations between Spain and the Cuban people had deteriorated at the end of the 19th century as Cuba was one of the last places in the Americas to remain under Spanish colonial control (the other remaining colony at that time was Puerto Rico). Spain was interested in maintaining control of Cuba to keep control over trade with countries like the United States but Cuban landowners were growing restless at the oppressive nature of the colonial administration that restricted their trade with other countries and there had been years of protracted resistance during the Ten Years War (1868-1878) in Cuba. In the United States, there was a lot of popular support for the Cuban people as the Spanish had rounded up a lot of rural inhabitants and made them live in camps that had unsanitary conditions and inadequate supplies of food. The newspapers in the United States told of the atrocities but sometimes in the sensationalism ways associated with yellow journalism. Sent to protect US business interests in Cuba given the rising tensions, The U.S.S Maine blew up in Havana as well and the USA attributed this to the Spanish. The US declared war on Spain after the loss of the U.S.S. Maine.

In 1-2 sentences, contrast a documentary from movies you might see in a movie theater. What are the qualities that make a documentary different from a traditional film?

Answers

Answer:

j

Explanation:

j\

Select two ways the federal government has acted to extend minority rights.
by passing civil rights and voting rights legislation
by guaranteeing seats for underrepresented groups in office
by using troops to help ensure the integration of public schools
by requiring that federal office holders alternate political parties
by completing judicial reviews of bills before they are signed into law.

Answers

Answer:

The movement helped spawn a national crisis that forced intervention by the federal government to overturn segregation laws in southern states, restore voting rights for African-Americans, and end legal discrimination in housing, education and employment.

Briefly, why did the Russians develop their own religion?

Answers

Answer:

The Soviet Union was established by the Bolsheviks in 1922, in place of the Russian Empire. At the time of the 1917 Revolution, the Russian Orthodox Church was deeply integrated into the autocratic state, enjoying official status. This was a significant factor that contributed to the Bolshevik attitude to religion and the steps they took to control it.[1] Thus the USSR became the first state to have as one objective of its official ideology the elimination of existing religion, and the prevention of future implanting of religious belief, with the goal of establishing state atheism (gosateizm).

A trait that stuck around because the people who possessed it were better able to survive and pass on their genes. Humans may have developed religion as a way to promote cooperation in social groups, Dunbar said.

Explanation:

Hope this helps you !!

Answer:

The Russian Orthodox Church Abroad was formed in the 1920s by Russian communities outside Communist Russia who refused to recognize the authority of the Russian Orthodox Church, as they believed it had fallen under the influence of the Bolsheviks.

Hope that helps. x

From 1975 to the present, African Americans have made substantial social and economic progress. But simultaneously, these visible signs of improvement and progress mask deep inequities that relegate African Americans to second-class status, with fewer opportunities. Using the readings from The Future in the Present briefly, write two paragraphs identifying contemporary social problems that disproportionately impact people of color and discuss what activism (social action strategies) you consider in combatting these problems.

Answers

Answer:

Explanation:

Environmental racism refers to the unequal access to a clean environment and basic environmental resources based on race. Communities of color are disproportionately victimized by environmental hazards and are far more likely to live in areas with heavy pollution. People of color are more likely to die of environmental causes, and more than half of the people who live close to hazardous waste are people of color. Some activists call environmental racism the new Jim Crow as it subjects communities of color to inequitable living conditions.

the answer is G–T–A–G–C–T

Answers

Answer:

G–T–A–G–C–T

..............

Which of the following was an important are of 14th and 15th century identify with the help of the given information (A) Bidar (B) Chandragiri (C) Vijayanagara (D) Tirunelveli​

Answers

The Vijayanagara Empire, also called Karnata Kingdom,[3] was based in the Deccan Plateau region in South India. It was established in 1336 by the brothers Harihara I and Bukka Raya I of the Sangama dynasty, members of a pastoralist cowherd community that claimed Yadava lineage.[4] The empire rose to prominence as a culmination of attempts by the southern powers to ward off Islamic invasions by the end of the 13th century. At its peak, it subjugated almost all of South India's ruling families and pushed the sultans of the Deccan beyond the Tungabhadra-Krishna river doab region, in addition to annexing modern day Odisha (ancient Kalinga) from the Gajapati Kingdom thus becoming a notable power.[5] It lasted until 1646, although its power declined after a major military defeat in the Battle of Talikota in 1565 by the combined armies of the Deccan sultanates. The empire is named after its capital city of Vijayanagara, whose ruins surround present day Hampi, now a World Heritage Site in Karnataka, India. The wealth and fame of the empire inspired visits by and writings of medieval European travelers such as Domingo Paes, Fernão Nunes, and Niccolò de' Conti. These travelogues, contemporary literature and epigraphy in the local languages and modern archeological excavations at Vijayanagara has provided ample information about the history and power of the empire.

Write down at least two pieces of evidence showing that Earth’s atmospheres or oceans have changed over time. Provide reasoning for each piece of evidence.

I can't think of any examples :/

EDMENTUM Earth & Space Science

Answers

Answer: At the point when earth was first framed, its environment was reasonable made out of hydrogen, helium, and different gases that contained hydrogen. ... Throughout an immense measure of time, a long period of time, the earth steadily cooled. At the point when the temperature dropped enough, water fume consolidated and went from a gas to fluid structure. This made mists.

is managment a science an art or science

Answers

management is both art or science

Explanation:

managment is science because of several reasons it has universeally accepted principal , it has cause and effect relationship,etc, and at the same time it is art as it required prefection knowledge, creative, personal skills,etc

#MARK HAS BRAINLY#

How was a peaceful civil rights movement able to bring about broad changes in society, including changes in legislation passed by politicians who were elected by majority of the voters? How did the civil rights movement manage to put pressure on politicians to change laws?

Answers

Answer:

d

Explanation:

Protesting peacefully payed a huge benefit because in things changing becauses politicians seen it as a benefit to get more voters on their side and wanted to end protest before they got worse

What were the effects of Manifest Destiny on Native Americans and Mexicans?

Answers

Answer:

I actually do not know that

I think it's actually I don't know

Difficulty in adjusting to a new way of life is called:

Answers

Answer:

Anthropologists who study the ways of living peoples are called: Ethnologists. ... Culture is the way man: Subdues his environment.

Explanation:

Select the correct answer.
How was ratification of the new constitution made easier?
A.
by seeking a direct vote from the people for its ratification
B.
by keeping the work of the Constitutional Convention a secret
C.
by seeking approval from fewer states
D.
by highlighting the shortcomings of the Articles of Confederation

Answers

Answer:

A. By seeking a direct vote from the people for its ratification

Explanation:

The ratification of the new constitution was made much easier as the people had a say in it because it required a direct vote from them.

Therefore, the correct answer is option A

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Explanation:

Ratification of the new constitution was made easier by seeking a direct vote from the people for its ratification. The correct option among all the options that are given in the question is the first option or option "a". I hope that this is the answer that has actually come to your desired help.

hope that help mark me brinilylist

Identify the three major challenges during the Gilded Age?

HELP MEEE!!

Answers

poverty, unemployment, and corruption
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