Assume that an investment of $3000 earns an APR of 6% compounded monthly for 18 months.

How much money is in your account after 18 months?

Answers

Answer 1

9514 1404 393

Answer:

  $3281.79

Step-by-step explanation:

The compound interest formula is ...

  A = P(1 +r/n)^(nt)

where A is the balance resulting from investment of P at annual rate r compounded n times per year for t years.

We have P=$3000, r=0.06, n=12, t=1.5, so the account balance is ...

  A = $3000(1 +0.06/12)^(12·1.5) = $3000(1.005^18) ≈ $3281.79

There will be $3281.79 in the account after 18 months.


Related Questions

Determine which of the four levels of measurement (nominal, ordinal, interval, ratio) is most appropriate. The temperatures of eight different plastic spheres.

Answers

The level of measurement that is most appropriate for the temperatures of eight different plastic spheres is the interval scale.

An interval scale shows magnitude and order. It shows numerical difference between values on same scale which are distinguished and are equal.

One common property of the interval scale is that it has an arbitrary zero point which is perfectly exhibited by the temperature measurement. This implies that the scale of measurement has no zero point because zero on the Centigrade scale is 32 degrees on the Fahrenheit scale.

Therefore, temperature measurement of eight different spheres can be regarded as an interval scale.

Learn more about interval scale here:

https://brainly.com/question/24260284

The number of traffic accidents that occur on a particular stretch of road during a month follows a Poisson distribution with a mean of 7. Find the probability of observing exactly three accidents on this stretch of road next month.
Select one:
A. 18.147387
B. 2.846161
C. 0.332381
D. 0.052129

Answers

Answer:

D

Step-by-step explanation:

hhgxhsbjxkxjebdibfhejx

please help 10 points for the question i dont know why but my brain cannot compute this question

Answers

9514 1404 393

Answer:

  (b)  6^10/7^6

Step-by-step explanation:

The applicable rules of exponents are ...

  (a/b)^c = (a^c)/(b^c)

  (a^b)^c = a^(bc)

__

This means you have ...

  [tex]\left(\dfrac{6^5}{7^3}\right)^2=\dfrac{(6^5)^2}{(7^3)^2}=\dfrac{6^{5\cdot2}}{7^{3\cdot2}}=\boxed{\dfrac{6^{10}}{7^6}}[/tex]

__

Additional comment

I find it helpful to remember that an exponent signifies repeated multiplication. Then ...

  [tex]\left(\dfrac{6^5}{7^3}\right)^2=\left(\dfrac{6^5}{7^3}\right)\cdot\left(\dfrac{6^5}{7^3}\right)=\dfrac{6^5\cdot6^5}{7^3\cdot7^3}=\dfrac{6^{5+5}}{7^{3+3}}=\dfrac{6^{10}}{7^6}[/tex]  

1/2+1/3+1/6+1/2+1/8+1/4= see problem as an addition problem

Answers

Answer:

1 7/8

Step-by-step explanation:

Is 0.6 a rational number​

Answers

Answer:

The decimal 0.6 is a rational number. It is the decimal form of the fraction 6/10.

Answer:

Yes. 0.6 is a rational number.

Marvin has 2 rabbits. The number of rabbits triples every year. Marvin needs 100 pounds of food to feed one rabbit per year. How many pounds of food will Marvin need to feed his rabbits during the 3rd year?

Answers

Answer:

1200 pound

Step-by-step explanation:

year 1: 2 rabbits

year 2: 2 rabbits x 3 = 6 rabbits

year 3: 6 rabbits x 3 = 12 rabbits

12 rabbits x 100 pounds = 1200 pounds

what is the greatest digit formed by 5 6 7 8 and 9​

Answers

98765 is the greatest digit formed by 5 6 7 8 and 9.

Answer:

98765 is the greatest digit that can be formed using those numbers

What is the equation of a line parallel to y = 4/5x + 2 that passes through (1, 2)?

Answers

The equation is y = 4/5x + 6/5

Multiply 546.1 × 0.52 = ____

Answers

Answer:283.972 is your final answerHope this helps!!! <3

what is the 30th square number

plz tell the answer​

Answers

Answer:

900

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

Answer:

900

Step-by-step explanation:

30 square is like 30×30=900

Calculate the area of the triangle.
Note: Think about which side to use as the base.

Answers

9514 1404 393

Answer:

  27 square units

Step-by-step explanation:

The height is measured perpendicular to the base, so it is convenient to use a base such that the height is easily found. Here, the vertical line is a suitable base, as the height is the horizontal distance from that to the opposite vertex.

  A = 1/2bh = 1/2(9)(6) = 27 . . . . square units = triangle area

5. Find the area of the shaded region as a simplified
expression.
3r
x + 8 stund
2r - 1
x2–5x+3

Answers

Answer:

x³ -3x²-34x+24

Step-by-step explanation:

the area of the shaded region =

(x²-5x+3)(x+8) - 3x(2x-1) =

x³+8x²-5x²-40x+3x+24- 6x²+3x =

x³ -3x²-34x+24

write rhis number in standard notation. 1.342×10^-7​

Answers

Answer:

0.0000001342

Step-by-step explanation:

Simplify an expression for the perimeter of the rectangle.
W = 24.6x - 10.4
L = 7x + 3.1

Answers

The expression for the perimeter of the rectangle is 63.2x - 14.6.

Given that,

Width = W = 24.6x - 10.4Length = L = 7x + 3.1

We Know that

Perimeter of the rectangle is

[tex]= 2(l+w)\\\\= 2 (7x + 3.1 + 24.6x - 10.4)\\\\= 2(31.6x - 7.3)[/tex]

= 63.2x - 14.6

Here the above formula should be applied for measuring the perimeter of the rectangle.

Therefore we can conclude that The expression for the perimeter of the rectangle is 63.2x - 14.6.

Learn more about the rectangle here: brainly.com/question/16167300

Answer:

24.3

Step-by-step explanation:

First you solve the sides:

24.6-10.4 =14.2

7+3.1=10.1

After that ,you will add because perimeter is adding up the side lengths of various shapes.

14.2+10.1=24.3

If you drive 565 miles a day, how far will you have gone at the end of a week?​

Answers

565x7= 3,955
If you drive 565 miles a day for 7 days do 565 times 7!

Solve for x where 2/x=2exponent x

Answers

Answer:

x = 1

Step-by-step explanation:

2/x = 2^(x)

x = 1

hope that helps

Expanded form for 4082 × 1/10=

Answers

Answer:

4000+0+80+2×0.1

Step-by-step explanation:

after expanding, /means division so you diving

Write the nth term of the following sequence in terms of the first term of the sequence. PLEASE HELP DUE IN 6 DAYS!!!!!!!
a, a + 4, a +8,...

Answers

Answer:

a + 4(n-1)

Step-by-step explanation:

The first term is a+4, the second term is a+8, the third term is a+12, etc.

A common theme that we can notice is that we add 4 for each term. For example, the second term (t₂) equals t₁+4, the third term equals t₂+4 (as a+4+4 = a+8), and so on. Another way of writing this is that we multiply 4 by (term number - 1) and add that to a. We can write this as

4 * (n-1) + a

Help me pls!!!!!!!!!!!​

Answers

Answer:

.01 times

Step-by-step explanation:

lim x ->0 ln(1+5x)/2x

Answers

answer

−>0(1+5)/2

hope it helps

If point (-3,1) is in the function p(x), which of the following points will be in the function p-|(2)?


PLZ HELP I NEED IT

Answers

Answer:

C

Step-by-step explanation:

for p- prime you just swipe your co-ordinates ...n when swiping them don't change your sign

The point that will be in the function p⁻¹(x) is (1,-3), the correct option is C.

What is a Function?

A function is a law that relates a dependent and an independent variable.

The function p(x) has point (-3, 1 )

An inverse of the function is obtained by interchanging the value of y and x, then solving the equation for y in terms of x

The point that will be in the inverse function of (x,y) is (y,x)

(-3,1) -----> ( 1,-3)

To know more about Function

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If angle DEG is 8x + 14 and angle GEF is 8x - 7, the measure of angle DEG is ___ degrees.

Answers

Answer:

100.5

Step-by-step explanation:

As it's a straight line, the angles should add up to 180. So 8x+14+8x-7=180, 16x+7=180, x=10.8125, DEG will be 8x+14=100.5

The ratio of red beads to blue beads on a necklace is 4:7. What fraction of the beads are blue?

Answers

Answer:

fraction of blue beads = 7/(4+7)

= 7/11

Answer:

3:5

Step-by-step explanation:

find a common numeral

Zip codes are numerical designations of locations for the purpose of mail delivery. The following histogram summarizes the number, in hundreds, of zip codes assigned to each state in the United States.

According to the 1.5 IQR rule for outliers, how many low outliers are there in the data set?
Choose 1 answer:

Answers

There are zero number of outliers in data set.

What are [tex]1.5[/tex] IQR rule for outliers ?

The [tex]1.5[/tex] IQR rule for outliers says that any data point below [tex]Q_{1} -1.5\ IQR[/tex] is a low outlier. or lower than this are a low outliers.

And,

[tex]IQR=Q_{3} -Q_{1}[/tex]

We have,

[tex]Q_{1}= 275[/tex]

[tex]Q_{3} = 933[/tex]

Minimum [tex]= 1[/tex]

Maximum [tex]= 2596[/tex]

Median [tex]= 533[/tex]

Now,

[tex]IQR=Q_{3} -Q_{1}[/tex]

IQR [tex]=933-275=658[/tex]

So,

[tex]Q_{1} -1.5\ IQR[/tex]

[tex]=275-1.5*658[/tex]

[tex]=-712[/tex]

So, any data point lower than this is the low outlier.

As we see the given histogram, there is no point below this outlier so, in the given histogram there is no low outlier.

Hence, we can say that here are zero number of outliers in data set.

To know more about IQR rule for outliers click here

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Answer:

The correct answer is 3.

Step-by-step explanation:

GH = 4x - 1, and DH = 8. Find x.
Help

Answers

x=197 is the answer for your question

Answer:

x=4.25

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

8+8=4x-1

16=4x-1

4x=16+1

4x=17

x= 17/4

I have no idea if i am correct just a guesstimate

Have a good day

The table shows the times for the 100-meter dash. What is the
difference between the men'stime and the women's time?
Write your answer in both decimal and fraction form.
Times for 100-meter Dash
Men's winner
9.58
2009
Women's winner
10.49
1988

Answers

Answer:

0.91 (make sure to include unit of measurement)

Step-by-step explanation:

10.49 - 9.58 = 0.91

Find the output, k, when the input, t, is -7.

k= 10t - 19

k=

Answers

Answer:

Here is the answer . hope this helps.

5 increased by the product of 2 and t​

Answers

Answer:

Step-by-step explanation:

increased means add.

5 + 2*t

To pay for a 15,300 car, Tony made a down payment of $3900 and took out a loan for the rest. On the loan , he paid monthly payment payment of $252.34 for 4 years.

Answers

Answer:

a. $24,512.32

b. $712.32

Step-by-step explanation:

a. A price of car $15,300, Tony made a down payment of $3900 so car has $11,400 left of a price and took out a loan.

He paid monthly payments of $252.34 for 4 years. Which mean $252.34 is paid for 48 months, multiplication $252.34 and 48 are $12,112.32. So we have monthly payments is $12,112.32

The total amount Tony ended up for the car is $11,400 + $12,112.32 = $24,512.32

b. The interest Tony pay on the loan is $12,112.32 - $11,400 = $712.32

(1/5) ³
evaluate

pls help :)

Answers

0.008

1/5 x 1/5 x 1/5

It will be 1/5 times 1/5 times 1/5
:3
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