Suppose Huang invests $720 into an annuity every month for five years. At the end of five years, the account has a balance
of $50,000. How much of this balance is interest?
Round your answer to the nearest dollar.
Do NOT round until you have calculated the final answer.

Answers

Answer 1

Answer:

$6,800

Step-by-step explanation:

Answer 2

The interest earn after 5 years will be $6800.

It is given that Huang invests $720 into an annuity every month for five years and at end of 5 years balance was $50000.

We have to find out the interest earn.

What do you mean by interest ?

Interest is an additional amount of money that is paid by the bank to customer on the amount deposited in his account.

As per the question ;

Investment made by Huang = $720 for five years

At end of five years , account balance = $50000.

So ;

Five years = 60 months

and the investment is an annuity every month for five years.

If Huang invests $720 every month for 5 years then total investment is ;

= $720 × 60

= $43200

And account balance at end of 5 years = $ 50000

So ;

Interest earn will be ;

= $50000 - $43200

= $6800

Thus , the interest earn after 5 years will be $6800.

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Related Questions

Which of the following expressions is/are equivalent to 16x + 8-2?
A. 22x
B. 24x2
C. 16x+ 6
D. 2(8x + 3)
E. 2(8x 8 - 2)
F. 4(4x + 2) - 2

Answers

B. 24x2 is the correct answer

if d is 55 degrees then what is F and E degrees. Explain how you know​

Answers

Answer:

F=55

E=70

Step-by-step explanation:

The total degree of a triangle is 180.

So we have 180-55*2

E=180-110

E=70

Hellpppppppppppppppppppppppppppppppppppppppp

Answers

Answer:

._.     -_-     -.-    .-.   --__--

Step-by-step explanation:

What is the area of the polygon below?
A. 120 square units
9
10
B. 174 square units
16
C. 66 square units
12
D. 84 square units

Answers

Answer:

D

Step-by-step explanation:

12-9 = 3 square unit

10 x 3 = 30 square unit

9×6 = 54 square unit

54+30 = 84 square units

and thats the answer

The area of the polygon is 84 square units, option D is correct.

What is Area of Rectangle?

The area of Rectangle is length times of width.

The given polygon has two rectangles.

Area of rectangle with length 9 and width is 6 units

Area of rectangle 1 =9×6

=54 square inches

Now Area of rectangle with length 10 and width is 3 units

Area of rectangle 2 =10×3

=30 square inches

Total area = 54+30

=84 square units

Hence, the area of the polygon is 84 square units, option D is correct.

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James invests $5400 in two different accounts. The first account paid 14 %, the second account paid 6 % in interest. At the end of the first year he had earned $580 in interest. How much was in each account?

Answers

Given:

Total invested amount = $5400

Rate of interest for first account = 14%

Rate of interest for second account = 6%

Total interest after one year = $580

To find:

The amount invested in each account.

Solution:

Let the amount invested in the first account be $x, then the amount invested in the second account is $(5400-x).

Total interest = 14% of $x + 6% of $(5400-x).

[tex]580=\dfrac{14}{100}x+\dfrac{6}{100}(5400-x)[/tex]

Multiply both sides by 100.

[tex]58000=14x+6(5400-x)[/tex]

[tex]58000=14x+32400-6x[/tex]

[tex]58000-32400=8x[/tex]

[tex]25600=8x[/tex]

Divide both sides by 8.

[tex]\dfrac{25600}{8}=x[/tex]

[tex]3200=x[/tex]

Now,

[tex]5400-x=5400-3200[/tex]

[tex]5400-x=2200[/tex]

Therefore, the amount invested in first account is $3200 and the amount invested in the second account is $2200.

what is importance of banks to ecomics​

Answers

Answer:

They do transactions from such a large distance

Step-by-step explanation:

Banks make it far easier for a complex economy to carry out the extraordinary range of transactions that occur in goods, labor, and financial capital markets. Banks are a critical intermediary in what is called the payment system, which helps an economy exchange goods and services for money or other financial assets.

1.4
2
Lawrence wants to drive from Durban to Johannesburg 550 km. if he travels at
an average speed of 100 km/hr, how long does he tale to get there?
If he leaves at 08:42 what time will he arrive at his destination
1.5
2

Answers

Answer:

5 hr 30 minutes

2:12 pm

Step-by-step explanation:

s= 550km

v = 100km/hr

t = ?

SPEED = DISTANCE/ TIME TAKEN

or, v = s/t

or, 100km/hr = 550km/ t

or, t = 550/100

t = 5.5

t = 5 hrs 30 minutes

8:42

+5:30

13 :72

which is 14 :12 = 2 :12

Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that the highest bid in excess of $10,200 will be accepted. Assume that the competitor's bid x is a random variable that is uniformly distributed between $10,200 and $14,500.
a. Suppose you bid $12,000. What is the probability that your bid will be accepted?
b. Suppose you bid $14,000. What is the probability that your bid will be accepted?
c. What amount should you bid to maximize the probability that you get the property?
d. Suppose you know someone who is willing to pay you $16,000 for the property. Would you consider bidding less than the amount in part (c)? Why or why not?

Answers

Answer:

0.4185;

0.8835;

$14500;

No

Step-by-step explanation:

Given that :

a = 10200

b = 14500

f(y) = 1 /(b - a) = 1/(14500 - 10200) = 1/4300 = 0.0002325

A.)

P(x <12000) = ∫fydy at(12000 ; 10200) = ∫0.0002325dy at(12000 ; 10200)

P(x < 12000) = 0.0002325(12000) - 0.0002325(10200) = 0.4185

B.)

P(x <14000) = ∫fydy at(14000 ; 10200) = ∫0.0002325dy at(14000 ; 10200)

P(x < 14000) = 0.0002325(14000) - 0.0002325(10200) = 0.8835

(c.) 14500 ; because competitor's bid is at most 14500

D.) No ; Because by bidding $14500 ; getting the property is certain ; once the property is gotten, then it could be resold for $16000, to make a profit of $1500 ; by bidding less, winning the bid becomes uncertain which may means the profit might be lost in the long run.

whats 1+1 because i think its 11

Answers

Answer:

2

Step-by-step explanation:

when i have one fruit and you have another fruit and we add them together they are gonna b two

Can you guys help me real quick please

Answers

Answer: I believe the answer is 23k.

Step-by-step explanation:

A contractor is building a fence around a square garden that has a side length of 3 inches in a scale drawing. The scale factor of the drawing is 1 1/2 inches : 4 feet. If one link of fence measures 2 2/3 feet, shade the correct number of links needed to build a fence around the entire garden ​

Answers

The number of fences needed to build around the entire garden is 12.

What is a square?

A square is a two-dimensional figure that has four sides and all four sides are equal.

The area of a square is given as side².

We have,

Side of the square garden = 3 inches

Scale factor.

1(1/2) inches = 4 feet

3/2 inches = 4 feet

3 inches = 8 feet

Now,

Length of one fence.

= 2(2/3) feet

= 8/3 feet

Now,

The perimeter of the square.

= 4 side

= 4 x 3 inches

= 12 inches

= 4 x 8 feet

= 32 feet

Now,

The number of fences needed to build the fence around the garden.

= 32 ÷ 8/3

= 32 x 3/8

= 12 fences

Thus,

12 fences are needed to cover the entire garden.

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Simplify the expression:
6(5 + x) - 2x

Answers

Answer: 30+4x

Step-by-step explanation: Expanding the expression you would get 30+6x-2x and then you subtract the 6x and 2x to get 4x

Answer:

30+4x.

Step-by-step explanation:

yehdbebdbejeiiwiwuebdbsjjjwiwjeurnfnd

Write the equation of the following circle in general form and standard form. Show your work.

Answers

Answer:

I’m coming back to this hold on a sec brotha and be patient

Step-by-step explanation:

Please please please help I will mark you brainiest

Answers

Answer: b then!

Step-by-step explanation:

Multiply (6+3i)(3+i)

Answers

Correct answer is B.

The following function represents the production cost f(x), in dollars, for x number of units produced by company 1:

f(x) = 0.05x2 − 7x + 300

The following table represents the production cost g(x), in dollars, for x number of units produced by company 2:


x g(x)
0.6 899.58
0.8 899.52
1 899.50
1.2 899.52
1.4 899.58


Based on the given information, determine which company has a lower minimum and find the minimum value.
f(x) at (1, 899.50)
g(x) at (70, 55)
f(x) at (70, 55)
g(x) at (1, 899.50)

Answers

9514 1404 933

Answer:

  (c)  f(x) at (70, 55)

Step-by-step explanation:

The point (70, 55) is not on g(x), which increases from a minimum of 899.5. Obviously, 55 is less than 899.5, so f(x) at (70, 55) has a lower minimum.

Answer:

f(x) at (70, 55)

Step-by-step explanation:

I got it right on the test

Use the figure below to complete the sentence.
B
A
E
39°
o
BGC and ZFGE are (select)
angles, so mZFGE =

Answers

Answer:

<BGC and <FGE are vertical angles

<BGC=90°-42°=48°

So m<FGE=48°

Hope it helps...

In a nationally representative sample of 1,668 adult Americans, 930 indicated that they had checked their credit score within the last 12 months. Suppose of the 930 people that had checked their credit report within the last 12 months, 37% had done so as part of their regular financial planning. Does this provide convincing evidence that more than one-third of adult Americans who have checked their credit scores within the past 12 months did so as part of regular financial planning

Answers

Solution :

The one sample proportion summary hypothesis test is :

p : proportion of successes

[tex]$H_0: p = 0.33 $[/tex]

[tex]$H_a : p > 0.33$[/tex]

The hypothesis test result by using the statistical software is :

Total = 930

Sample proportion = 0.37

Standard error = 0.0157

Z-stat = 1.697

P- value = 0.0448

Therefore, the hypothesis   [tex]$H_0:p = \frac{1}{3} \text{ versus}\ H_a: p > \frac{1}{3}$[/tex]   is correct.

  And conclusion : Fail to reject [tex]$H_0$[/tex]. As we do not have any convincing evidence that more than one-third of adult Americans who have checked their credit scores within the past 12 months did so as part of regular financial planning.

1. Determine the three-dimensional figure that will be created using the following nets.

Answers

Answer:

The figure is a triangular prism

Step-by-step explanation:

it's bc the bases are triangles

A triangular prism is a three-sided prism consisting of a triangular base, a translated duplicate, and three faces connecting similar sides. The given net will form a triangular prism.

What is a triangular prism?

A triangular prism is a three-sided prism consisting of a triangular base, a translated duplicate, and three faces connecting similar sides. A right triangular prism has rectangular sides and is oblique otherwise.

A triangular prism is a three-sided prism consisting of a triangular base, a translated duplicate, and three faces connecting similar sides. The given net will form a triangular prism.

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Verify a - (- b) = a + b for the following values of a and b.
() a = 23, b = 14
(ii) a = 128, b = 105

Answers

23 - (-14) = 23 + 14 = 37

128 - (-105) = 128 + 105 = 233

Solve the system by Graphing

Answers

Step-by-step explanation:

Brainliest for correct answer

Answers

Answer:

4

Step-by-step explanation:

The pre-image is the starting coordinates and it then gets larger. when you multiply four by 3 you get 12 and when you multiply four by -4 you get 16. So the pre-image dilated by 4.

.......,,,,,,;,,.,.........

Answers

Answer:

lol dababy ur my idol

Step-by-step explanation:

84b /32b

3b

Answer:

3b^2

Step-by-step explanation:

12b^7 / 4b^5  

=12b^7/ 4b^5

=12b^2/4

=3b^2

It is desired to check the calibration of a scale by weighing a standard 10-gram weight 100 times. Let μ be the population mean reading on the scale, so that the scale is in calibration if μ = 10 and out of calibration if μ ≠ 10. A test is made of the hypotheses H0 : μ = 10 versus H1 : μ ≠ 10. Which of the three conclusions is best if H0 is rejected?

Answers

Complete question :

It is desired to check the calibration of a scale by weighing a standard 10 g weight 100 times. Let µ be the population mean reading on the scale, so that the scale is in calibration if µ = 10. A test is made of the hypotheses H0:µ = 10 versus H1:µ ≠ 10. Consider three possible conclusions: (i) The scale is in calibration, (ii) The scale is out of calibration, (iii) The scale might be in calibration.

Which of the three conclusions is best ifH0 is rejected?

Answer:

The scale is out of calibration

Step-by-step explanation:

The null hypothesis ; H0

H0 : μ = 10 ; if this hold true, then the scale is in calibration

Alternative hypothesis ; H1

H1 : μ ≠ 10 ; if this holds true, then the scale is out of calibration

If the Null hypothesis, H0 is rejected, it means that, there is significant evidence to support the alternative hypothesis ; that the scale is out of calibration.

Hence, the best conclusion is that, the scale is out of calibration.

Aidans hourly salary is $11. If Aidan normally works a 40 hour week , then how much is normally earned in a week?

Answers

Answer:

$440

Step-by-step explanation:

40x11=440

hope it helped

plz mark me as brainliest.


PLEASE HELP , DONT SKIP !

NO LINKS OR FILES.

Answers

Step-by-step explanation:

You have to click the number of Xs for each kilometer travelled. For example, there are 2 "3 km" answers, so under the 3 column, you click 2 Xs.

Which of the following statements about opposites is true? Choose all correct answers.
A. The opposite of 5 is −5.
B. −(−8)=−8
C. The opposite of 0 is 0.
D. −(−2)=2

Answers

Answer:

A

Step-by-step explanation:

A small box measures 7 in. by 10 in. by
3/4 in. high. Find the volume of the box.

Answers

Answer:

Volume = 52.5

Step-by-step explanation:

volume of a rectangular 3d shape can be calculated by length*width*height. In this case:

7*10*0.75 = 52.5

Please help! Find the perimeter of Trapezoid ABCD. (round your answer to the nearest tenth.)

Answer + explanation please!

Answers

Answer:

19.8 units

Step-by-step explanation:

BC = 5

AD = 8

CD = 1²+3²=c²

1+9=c²

√10=c

c=3.1627766

AB = 2²+3²=c²

4+9=c²

√13=c

c=3.6

5+8+3.6+3.16=19.76

(1 point) Solve the following inequality, giving your answer in interval notation.
1 - x > 2

Answers

Answer:

-1

Step-by-step explanation:

1-x>2

-x>2-1

-x>1

-x/-1>1/-1

x<-1

Answer:

[tex]x < - 1[/tex]

Step-by-step explanation:

first step

try to leave x's in your left and number in your right

-x > 2-1

-x>1

step 2

by moving the sign minus to right it will become plus

and the inequality sign will change also

so x<-1

the region will ( - infinity to -1 )

[tex]( - \infty - 1)[/tex]

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