Dylan invested $93,000 in an account paying an interest rate of 3% compoundedquarterly. Assuming no deposits or withdrawals are made, how much money, to thenearest cent, would be in the account after 17 years?

Answers

Answer 1

The formula to calculate compound interest is given to be:

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

where:

[tex]\begin{gathered} A=\text{ final amount} \\ P=\text{ initial amount (principal)} \\ r=\text{ interest rate} \\ n=\text{ number of times interest applied per time period} \\ t=\text{ number of time period elapsed} \end{gathered}[/tex]

The following parameters are given in the question:

[tex]\begin{gathered} P=93000 \\ r=\frac{3}{100}=0.03 \\ n=4(quarterly) \\ t=17\text{ years} \end{gathered}[/tex]

We can substitute these values into the formula to calculate the final amount as follows:

[tex]A=93000(1+\frac{0.03}{4})^{4\times17}[/tex]

Solving, we get:

[tex]\begin{gathered} A=93000\times1.0075^{68} \\ A=154,577.64 \end{gathered}[/tex]

The amount after 17 years is $154,577.64


Related Questions

You buy items costing $3000 and finance the cost with a simple interest fixed installment loan at 5% simple interest per year. The finance charge is $600.a) How many years will you be paying?b) What is your monthly payment?

Answers

Given:

The principal amount is P = $3000.

The rate of interest is r = 5% = 0.05.

The interest rate is A = $600.

The objective is,

a) To find the number of years.

b) To find the monthly payment.

Explanation:

a)

The general formula for simple interest is,

[tex]A=P\times n\times r\text{ . . . . . .(1)}[/tex]

To find n:

On plugging the given values in equation (1),

[tex]\begin{gathered} 600=3000\times n\times0.05 \\ n=\frac{600}{3000\times0.05} \\ n=4 \end{gathered}[/tex]

b)

Since, the total amount of the item can be calculated as,

[tex]T=A+P\text{ .. . . . (2)}[/tex]

On plugging the obtained values in equation (2),

[tex]\begin{gathered} T=600+3000 \\ T=3600 \end{gathered}[/tex]

To find monthly payment:

Now, the monthly payment can be calculated as,

[tex]m=\frac{T}{n\times12}\text{ . . . . .(3)}[/tex]

Here, m represents the monthly payment, the product of 12 is used to convert the number of years into the number of months.

On plugging the obtained values in equation (3),

[tex]\begin{gathered} m=\frac{3600}{4\times12} \\ m=75 \end{gathered}[/tex]

Hence,

a) The number of years is 4 years.

b) The monthly payment is $75.

D(-9,4) E(-3,4) F(-3,10) G(-9,10) rotation 180 clockwise

Answers

Answer:

D = (9,-4)        E = (3,-4)       F= (3, -10)         G=(9,-10)

Step-by-step explanation:

Simply switch the signs (- or +)

Ex: rotate (9,1) 180 degrees

Your answer would be (-9,-1)

The illustration below shows the graph of y as afunction of xComplete the following sentences based on thegraph of the function.(Enter the x-intercepts from least to greatest.)* This is the graph of a (nonlinear, linear orconstant) function.* The y-intercept of the graph is the function value y = ___.The x-intercepts of the graph (in order from leastto greatest) are located at x = ___ and x = ___.* The greatest value of y is y = ___ and it occurswhen x = ___.* For x between x = 2 and x = 6, the function value y (<, 2, or =) 0.

Answers

* This is the graph of a (nonlinear, linear or constant) function.

Answer:

This is the graph of a nonlinear function (In this case it is a quadratic function).

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

The y-intercept of the graph is the function value y =

Answer:

From the graph we can conclude that, the y-intercept is:

[tex]y=-6[/tex]

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

The x-intercepts of the graph (in order from least to greatest) are located at x = ___ and x = ___.

Answer:

From the graph, we can conclude that the x-intercepts are located at:

[tex]\begin{gathered} x=2 \\ and \\ x=6 \end{gathered}[/tex]

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

The greatest value of y is y = ___ and it occurs

Answer:

From the graph, we can see that the vertex of the function is:

[tex]\begin{gathered} y=2 \\ when \\ x=4 \end{gathered}[/tex]

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

For x between x = 2 and x = 6, the function value y is.

Answer:

For those values, y is always greater than or equal to 0, so:

[tex]2\le x\le6\to y\ge0[/tex]

Simplify the expression.9n+ 18(2n-6)

Answers

The given expression is,

[tex]\begin{gathered} 9n+18(2n-6) \\ 9n+36n-108 \\ \\ 45n=108 \end{gathered}[/tex]

I need help with my algebra

Answers

We have the next equation line:

[tex]3x-y\text{ = 5}[/tex]

We need to solve the equation for y to get the equation form

[tex]-y\text{ =5-3x}[/tex]

Multiply the equation by -1

[tex](-1)-y\text{ =(-1)(5-3x)}[/tex][tex]y\text{ = -5+3x}[/tex]

Where the y-intercept is -5 and the slope is 3x.

To find the line parallel we need to know that the parallel lines have the same slope.

The parallel line also intercepts y at point (0,-7).

[tex]y=mx+b[/tex]

Replace the slope=m = 3

and the y-intercept is -7.

So the parallel line is:

[tex]y=3x-7[/tex]

A company has 10 software engineers and 6 civil engineers. In how many ways can they be seated around a round table so that no two of the civil engineers will sit together? [ 9! × 10!/4!)]​

Answers

The software engineers can be seated on a round table with no two civil engineers sitting together is 9!×10!/4!

Given, a company has 10 software engineers and 6 civil engineers.

we need to determine in how many ways can they be seated around a round table so that no two civil engineers will sit together.

10 software engineers can be arranged around a round table in :

=(10-1)!

= 9! ways .... eq(A)

Now, we must arrange the civil engineers so that no two can sit next to one another. In other words, we can place 6 civil engineers in any of the 10 *-designated roles listed below.

This can be done in ¹⁰P₆ ways ...(B)

From A and B,

required number of ways  = 9!×¹⁰P₆

= 9! × 10!/4!

Hence the number of ways the engineers can be seated is 9! × 10!/4!.

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Laying down my n buffer is concerned after receiving her weekly paycheck she believes that her deductions for social security,Medicare,and federal income ta withholding (fit) may be incorrect Larsen is paid a salary of 4330 she is married filling jointly and prior to this payroll check has total earnings of 140,460 what are the correct deductions for social security Medicare and fit assume a rate of 6.3% on 142,809 for social security and 1.45% for Medicare

Answers

Correct deduction for social security Medicare and fit at 6.3% = 8,996.967

Correct deduction for Medicare at rate of 1.45% = 2,070.731

What is Medicare?

Medicare is defined as a type of health insurance that reduces the fees incurred by an individual following the reception of health services.

After deductions the total earning = 140,460

The correct deduction for social security, Medicare and fit at the rate of 6.3% of 142,809;

= 6.3/100 × 142,809

= 899696.7/100

= 8,996.967

The correct deduction for Medicare at the rate of 1.45%;

= 1.45/100 × 142,809

= 207,073.05/100

= 2,070.731.

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If f(x) = 2x+3, what is f(-2)

Answers

Answer: f(-2) = -1

Step-by-step explanation:

2x + 3

2(-2) +3

-4 + 3

-1

Answer:

Step-by-step explanation:

you plug in the -2 to the equation for x

f(-2)= 2(-2)+3

f(-2)=-1

May I get help, I know I have to multiply the possibilities, but I keep getting stuck

Answers

First we obtain each probability

The land has no oil

is a 45% chance that the land has oli , then the chance that the land has not oil is 55%

55% can be represented like 0.55

then the probability to the land has no oil is 0.55

The test shows that there is no oil

Kit claims to have an 80% of idicating oil, then the percent that there is no oil is 20%

20% can be represented like 0.2

the tne probability to shows that theere is no oil is 0.2

Finally

Multiply the probabilities to find the probability that say the land has no oil and the test shows that there is no oil

[tex]0.55\times0.2=0.11[/tex]

then irhg toption is B

can someone please show me if im correct because i got 12

Answers

Given the expression:

-3 + 15

Let's evaluate the expression.

Here, we have an addition operation.

To perform the operation, add -3 and 15.

Hence, we have:

-3 + 15 = 12

Therefore, the answer to the operation is 12.

ANSWER:

12

On the desmos app can you have more standard forms or only one? ​

Answers

Answer: I am pretty sure you can only have one.

Step-by-step explanation:

Samantha started with $25 in her account. she saves $7 per week. Australia has no money in his account, but adds $15 per week. for how many weeks will Australia have more money in his account than Samantha

Answers

In this problem we can made a function to calculate the total amount for Samantha (S) and total amound of Australia (A) fon any time:

[tex]\begin{gathered} S=25+7t \\ A=0+15t \end{gathered}[/tex]

when t is the number of weeks. if we made equal the ecuation we will have the time when they would have the same amound:

[tex]\begin{gathered} S=A \\ 25+7t=15t \end{gathered}[/tex]

and we solve for t

[tex]\begin{gathered} 25=15t-7t \\ 25=8t \\ \frac{25}{8}=t \\ 3.125=t \end{gathered}[/tex]

This means that in the next full number Australia will have more money than Samantha, so in 4 weeks this is going to happen.

Write the equation in standard form for the hyperbola with vertices (-9,0) and (9,0) and a conjugate axis of length 16

Answers

The given vertices are (-9,0) and (9,0).

Notice that they lie on the x-axis since they have 0 as their y-coordinate.

Hence, the hyperbola is a horizontal hyperbola.

Recall that the equation of a horizontal hyperbola is given as:

[tex]\frac{(x-h)^2}{a^2}-\frac{(y-k)^2}{b^2}=1[/tex]

Where (h,k) is the center and a>b.

As both vertices are equidistant from the origin, the center of the hyperbola is (0,0), and the equation becomes:

[tex]\frac{x^2}{a^2}-\frac{y^2}{b^2}=1[/tex]

Note that the vertices are at (-a,0) and (a,0).

Compare with the given vertices (-9,0) and (9,0). It follows that a=9.

Substitute this into the equation:

[tex]\frac{x^2}{9^2}-\frac{y^2}{b^2}=1[/tex]

Recall that the length of the conjugate axis is given as 2b, it follows that:

[tex]\begin{gathered} 2b=16 \\ \Rightarrow b=\frac{16}{2}=8 \end{gathered}[/tex]

Substitute b=8 into the equation:

[tex]\begin{gathered} \frac{x^2}{9^2}-\frac{y^2}{8^2}=1 \\ \Rightarrow\frac{x^2}{81}-\frac{y^2}{64}=1 \end{gathered}[/tex]

The required equation in standard form is:

[tex]\frac{x^2}{81}-\frac{y^2}{64}=1[/tex]

Find the domain of the graphed function.A. -4sxs 8B. X2-4C. x is all real numbers.D. -4sxs 9

Answers

The domain of a function is the set of values over the x-axis where it is defined on a coordinate plane.

From the image, notice that the given graph is defined whenever x is between -4 and 9. Therefore, the domain of the function is:

[tex]-4\le x\le9[/tex]

the square root of 31 is closer to which number? 6 or 5.

Answers

Answer:

6

Explanation:

First, we find the squares of 5 and 6.

[tex]\begin{gathered} 5^2=25 \\ 31-25=6 \end{gathered}[/tex][tex]\begin{gathered} 6^2=36 \\ 36-31=5 \end{gathered}[/tex]

We conclude therefore that the square root of 31 is closer to 6 since it has a smaller difference.

What is the value of the expression 4x−y2y+x when x = 3 and y = 3? −31918

Answers

7 ( 1 + 3 )

Solve the sum inside the parentheses ( 1 + 3 = 4 )

7 ( 4 )

multiply

7*4 = 28

Since the sum must equal 28

7 + 21 = 28

Correct option = 7+21

Chain rule in calculus

Answers

[tex]\begin{gathered} \text{If we have }y=f(u),\text{ and }u=g(x).\text{ Then by chain rule, the derivative of }y\text{ is} \\ \frac{dy}{dx}=\frac{dy}{du}\cdot\frac{du}{dx} \end{gathered}[/tex]

In the given example:

[tex]\begin{gathered} u=4x^3-5 \\ f(u)=u^4 \\ \text{If we do a function composition then they will be the same} \\ f(x)=\big(4x^3-5\big)^4\rightarrow f(u)=u^4,\text{ note that }u=4x^3-5 \end{gathered}[/tex]

Solve for each derivative of dy/du and du/dx

[tex]\begin{gathered} \frac{du}{dx}=3\cdot4x^{3-1}-0 \\ \frac{du}{dx}=12x^2 \\ \\ \frac{dy}{du}=4\cdot u^{4-1} \\ \frac{dy}{du}=4u^3,\text{ then substitute }u \\ \frac{dy}{du}=4(4x^3-5)^3 \\ \\ \text{Complete the chain rule} \\ \frac{dy}{dx}=\frac{dy}{du}\cdot\frac{du}{dx} \\ \frac{dy}{dx}=\big(4(4x^3-5)^3\big)\big(12x^2\big)\text{ or }\frac{dy}{dx}=48x^2(4x^3-5)^3 \\ \end{gathered}[/tex]

Fart A Now that you have converted a terminating decimal number Into a fractlon, try converting a repeating decimal number Into a fraction. Repeating decimal numbers are more difficult to convert Into fractions. The first step is to assign the given decimal number to be equal to a varlable, x. For the decimal number 0.3, that means X = 0.3. if x = 0.3, what does 10x equal? Font Sizes

Answers

Given x = 0.3, we're asked to find 10x. All we need to do is multiply 10 by 0.3(which is the value of x);

[tex]10\text{ }\ast\text{ 0.3 = 3}[/tex]

Therefore, 10x is equal to 3.

Use complete sentences to explain the process you would use to find the volume of the shipping box.(Trying to help my son with this)

Answers

Part A)

The given shipping box is a cuboid.

Recall that the longest length of the cuboid is diagonal.

The length of the longest item that fits inside the shipping box is the measure of the diagonal of the given box.

Given that measure breadth=16 inches and measure height = 12 inches.

Recall the formula for the diagonal d of the cuboid is

[tex]d=\sqrt[]{l^2+b^2+h^2}[/tex]

We need to find the measure of the length of the cuboid.

Consider the base of the cuboid which is in rectangle shape.

Here breadth of the rectangle is 16 inches and diagonal of the rectangle is 24 inches.

Recall the formula for the diagonal of the rectangle is

[tex]diagonal_{}=\sqrt[]{l^2+b^2}[/tex]

Substitute diagonal =24 inches and breath =16 inches, we get

[tex]24_{}=\sqrt[]{l^2+16^2}[/tex]

[tex]24_{}=\sqrt[]{l^2+256}[/tex]

Taking square on both sides, we get

[tex]24^2_{}=l^2+256[/tex]

[tex]576-256=l^2[/tex]

[tex]320=l^2[/tex]

Taking square root on both sides, we get

[tex]\sqrt[]{320}=l[/tex][tex]l=17.89\text{ inches}[/tex]

Now, substitute l=17.89, b=16, and h=12 in the diagonal of the cuboid equation to find the diagonal of the cuboid.

[tex]d^{}=\sqrt[]{17.89^2+16^2+12^2}[/tex]

[tex]d^{}=\sqrt[]{320+256+144}=\sqrt[]{720}=26.83\text{ inches}[/tex]

Hence the length of the longest item that fits inside the shipping box is 26.8 inches.

Part B)

Consider the length l=17.89 inches, b=16 inches, and height h=12 inches.

Recall the formula for the volume of the cuboid is

[tex]V=l\times w\times h[/tex]

Substitute the length l=17.89 inches, b=16 inches, and height h=12 inches, we get

[tex]V=17.89\times16\times12[/tex][tex]V=3434.88inches^3[/tex]

Hence the volume of the given shipping box is 3434.88 cubic inches.

13. A 640 kg of a radioactive substance decays to 544 kg in 13 hours. A. Find the half-life of the substance. Be sure to show your work including the formulas you used. Round to the nearest tenth of an hour. Only solutions using formulas from the 4.6 lecture notes will receive credit.B. How much of the substance is present after 3 days? Be sure to show the model you used.C. How long does it take the substance to reach 185 kg? Be sure to show your work.

Answers

EXPLANATION

The equation for half-life is given by the following formula:

[tex]H=\frac{t\cdot\ln(2)}{\ln(\frac{A_0}{A_t})}[/tex]

Replacing terms:

[tex]H=\frac{t\cdot\ln(2)}{\ln(\frac{A_0}{A_t})}=\frac{13\cdot\ln(2)}{\ln(\frac{640}{544})}=\frac{9.0109}{0.1625}=55.45[/tex]

The half-life time is H =55.4 hours.

B) After three days, that is, 72 hours, the amount of substance will be given by the following relationship:

[tex]A=A_o\cdot e^{-(\frac{\ln2}{H})t}=640\cdot e^{-(\frac{\ln2}{55.4})\cdot72}=640\cdot e^{-0.90084}[/tex]

Multiplying terms:

[tex]A=640\cdot0.4062=259.96\text{ Kg}[/tex]

There will be 259.96 Kg after 3 days.

C) In order to compute the number of days that will take to the substance to reach a concentration equal to 185 Kg, we need to apply the following formula:

[tex]t=\frac{\ln (\frac{A}{A_o})}{-\frac{\ln (2)}{t\frac{1}{2}}}[/tex]

Replacing terms:

[tex]t=\frac{\ln (\frac{185}{544})}{-\frac{\ln (2)}{55.45}}=\frac{-1.0785}{-0.0125}=\frac{1.0785}{0.0125}=86.28\text{ hours}[/tex]

It will take 86.28 hours to the substance to reach 185 Kg.

what is the slope for (0,-3),(-3,2)

Answers

Given the general rule for the slope:

[tex]m=\frac{y_2-y_1}{x_2-x_1}[/tex]

We have the following in this case:

[tex]\begin{gathered} (x_1,y_1)=(0,-3) \\ (x_2,y_2)=(-3,2) \\ \Rightarrow m=\frac{2-(-3)}{-3-0}=\frac{2+3}{-3}=-\frac{5}{3} \\ m=-\frac{5}{3} \end{gathered}[/tex]

therefore, the slope is m=-5/3

Which of the following could be the product of two consecutive prime numbers?​

Answers

Answer:

There is no question

Step-by-step explanation:

Have a nice day

Consider the following graph. Determine the domain and range of the graph? Is the domain and range all real numbers?

Answers

ANSWER

Domain = [-10, 10]

Range = [4]

EXPLANATION

Domain of a graph is the set of all input values on x-axis; while

Range is the set of all possible output values on y-axis.

Determining the Domain from the given graph,

The set of all INPUT values on x-axis are -10, -9, -8,....0......5,6,7,8,9,10.

So the Domain = [-10, 10].

Determining the Range from the given graph,

For the set of all possible OUTPUT values on y-axis, we only have 4,

So the Range = [4]

Hence, Domain = [-10, 10] and Range = [4]

Graph two or more functions in the same family for which the parameter being changed is the slope, m. and is less than 0.Refer to the graph of f(x) = x + 2

Answers

We have the expression:

[tex]f(x)=x+2[/tex]

If the slope is changing being less than 0, that is:

One group (A) contains 75 people. Two fifths of the people in group A will be selected to win $20 fuel cards. There is another group (B) in a nearby town that will receive the same number of fuel cards, but there are 154 people in that group. What will be the ratio of no winners in group A to nonwinners in group B after the selections are made? Express your ratio as a fraction or with a colon.

Answers

group A contains 75 people

Two-fifths of the people in group A (75*2/5=30) win $20 fuel cards.

so there are 30 fuel cards and 75-30=45 non-winners in group A

group B are 154 people and the same number of fuel cards, so 30

the number of non-winners in group B is 154-30=124

So the ratio of no winners in group A to nonwinners in group B is:

45/124

Which equation, written in the form of y = x + b, represents the table of values?

Answers

Let:

[tex]\begin{gathered} (x1,y1)=(2,7) \\ (x2,y2)=(5,10) \end{gathered}[/tex][tex]\begin{gathered} x=2,y=7 \\ 7=2m+b \\ ---------------- \\ x=5,y=10 \\ 10=5m+b \\ ---------- \\ Let\colon \\ 2m+b=7_{\text{ }}(1) \\ 5m+b=10_{\text{ }}(2) \\ (2)-(1) \\ 5m-2m+b-b=10-7 \\ 3m=3 \\ m=1 \end{gathered}[/tex]

Replace m into (1):

[tex]\begin{gathered} 2(1)+b=7 \\ 2+b=7 \\ b=7-2 \\ b=5 \end{gathered}[/tex]

Answer:

[tex]y=x+5[/tex]

x – a is the factor of a polynomial P(x) if P(a) is equal to

Answers

we know that

If (x-a) is a factor of P(x)

then

For x=a

the value of P(a)=0

therefore

the answer is option D

In 3 plays the southside football team drove 10 1/2 yards . How many yards did they average in each day?

Answers

If in three plays southside football team drove [tex]10\frac{1}{2}[/tex] yards, then the number of yard they drove average in each day is [tex]3\frac{1}{2}[/tex] yards

Number matches played by southside football team = 3

Total distance they drove = [tex]10\frac{1}{2}[/tex] yards

Convert the mixed fraction to the simple fraction

[tex]10\frac{1}{2}[/tex] yards = 21/2

Number of yards they drove average in each day = Total distance they drove ÷ Number matches played by southside football team

Substitute the values in the equation

= 21/2 ÷ 3

= 21/2 × (1/3)

= 7/2 yards

Convert the simple fraction to the mixed fraction

7/2 yards = [tex]3\frac{1}{2}[/tex] yards

Hence, if in three plays southside football team drove [tex]10\frac{1}{2}[/tex] yards, then the number of yard they drove average in each day is [tex]3\frac{1}{2}[/tex] yards

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Write a rule for the nth term of the geometric sequence given a_2 = 64, r = 1/4

Answers

The n-th term of a geometric sequence is given by the formula:

[tex]\begin{gathered} U_n=a_1r^{n-1} \\ r=\text{ common ration} \\ a_1=\text{ first term} \end{gathered}[/tex]

Given that:

[tex]\begin{gathered} a_2=64 \\ r=\frac{1}{4} \\ n=2 \end{gathered}[/tex]

Hence,

[tex]\begin{gathered} a_2=a_1(\frac{1}{4})^{2-1}=64 \\ a_1(\frac{1}{4})=64 \\ a_1=64\times4 \\ =256 \end{gathered}[/tex]

Therefore, the rule for the nth term of the sequence is

[tex]\begin{gathered} U_n=a_1r^{n-1} \\ U_n=256_{}(\frac{1}{4})^{n-1} \end{gathered}[/tex]

The expression x^(3) gives the volume of a cube, where x is the length of one side of the cube. Find the volume of a cube with a side length of 2 meters.

Answers

Answer:

8 cubic meters

Explanation:

The length of one side of the cube = x

For any cube of side length, x:

[tex]\text{Volume}=x^3[/tex]

Therefore, the volume of the cube with a side length of 2 meters is:

[tex]\begin{gathered} V=2^3 \\ =8\; m^3 \end{gathered}[/tex]

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