Tom wants to have $50,000 saved sometime in the future. How much must he deposit every month into an account that pays 1.45% interest, compounded monthly to reach the goal in 5 years?

Answers

Answer 1

Answer:

$ 809.78

Step-by-step explanation:

Given that

F = future value = $50,000

Interest rate = r = 1.45% = 0.0145

Number of period per year = 12months

Time expressed in years = 5years

The present value of a periodic deposit

P =( F ×r/n)/{ (1+r/n)^nt} -1

Substituting the values into the above formula

P = (50000× 0.0145/12)/(1+0.0145/12)^12×5}-1

= 50000×0.001208/(1+0.0012)^60}-1

= 60.4/1.0012)^60}-1

60.416/1.074608-1

60.4/0.07460

= $ 809.779

His monthly deposit will be $ 809.78


Related Questions

I’ll mark you brainliest!!!!! Which point is a solution to the inequality represented by this graph?

Answers

Answer:

A is a solution because it is in the shaded area.

Step-by-step explanation:

Click on the bubble of the correct
answer.
Chris earned $855 for a temporary
job. She worked 36 hours the first
week and 40 hours the second
week. How much did Chris earn per
hour?
Select one:

Answers

Answer:

$11.25 / hr

Step-by-step explanation:

36x+40x=855

76x=855

x=11.25

The equation a=180(n-2)/n represent the angle measures,a in a regular n-sided polygon. When the equation is Solved for n,n is equal to a fraction with a denominator of a-180. What is the numerator of the fraction.

Answers

Answer:

The

numerator is 360

Step-by-step explanation:

What we need to do here is make n the subject of the formula;

a = 180(n-2)/n

an = 180n-360

180n - an = 360

n(180-a) = 360

n = 360/(180-a)

£2200 is deposited in a bank paying 0.5% simple interest per annum. How much interest will have been paid after 18 years?

Answers

Answer:

The answer would be £198

principal (p) = 2200

Rate (R) = 0.5%

Time (T) = 18

Interest(I) = ?

Now,

or, Interest. = P×T×R/100

or, Interest = 2200×18×0.5/100

or, Interest = 19800/100

Hence, Interest = 198

Complete the equation of the line through (–6,5) and (-3, -3).
Use exact numbers.

Answers

Answer:

-3, -3

Step-by-step explanation:

Which datum is most unlikely to occur? A. a 7 foot tall person if the mean is 6 feet and the standard deviation is 3 inches B. a 13 foot tall moose if the mean is 12 feet and the standard deviation is 4 inches C. a 17 foot tall filbert tree if if the mean is 20 feet and the standard deviation is 6 inches D. a 20 foot tall giraffe if the mean is 23 feet and the

Answers

Answer: idk man

Step-by-step explanation: rg

Answer:iidk

Step-by-step explanation:


The probability of getting a number divisible by 3 is 3/10 using a game spinner.
The denominator of that probability is:

Answers

Answer:

B

Step-by-step explanation:

the denominator should be the total amount of outcomes.

what is the answer to 18−(2x+1) = ???

Answers

Answer & Step-by-step explanation:

18 - (2x + 1)

Distribute the negative sign (-) to 2x + 1.

18 - 2x - 1

Put -2x in the beginning of the expression and combine like terms.

-2x + 17

So, the answer to 18 - (2x + 1) is -2x + 17.

21. A quantity of food would last a
family of 5 for 21 days. How long
would the same quantity last a
family of 7 if thev all eat at the same
rate?​

Answers

Answer:

15 days

Step-by-step explanation:

5 x 21 = 105

105/7 = 15

Answer:

15 days

Step-by-step explanation:

As the number of people in that family increases the time taken reduces, so the time is in inverse proportion to the number of people in that family.

Let the number of days taken by a family of 7 to finish a quantity of food be x.

⇒ [tex]\frac{x}{21}[/tex] = [tex]\frac{1}{\frac{7}{5} }[/tex]

⇒ [tex]\frac{x}{21}[/tex] = [tex]\frac{5}{7}[/tex]

⇒ x = [tex]\frac{21 * 5}{7}[/tex]

x = 15

∴ It would take a family of 7 15 days to finish a quantity of food.

Hope this helps!!!

no solution for 6x-3x+4-2x

Answers

Answer:

4+x

Step-by-step explanation:

you combine your like terms so you take 6x-3x and you end up with 3x than you take that 3x and subtract the 2x from it so you are left with just x so that would be 4+x

En una granja se observa que por 12 patos hay 5 gallinas, por tres gallinas hay 8 pavos ;por 10 pavos hay 9 cerdos. ¿A cuantos patos equivalen 7 cerdos?

Answers

Answer:

7 ducks equals 7 pigs.

Step-by-step explanation:

English Translation

On a farm it is observed that for 12 ducks there are 5 chickens, for three chickens there are 8 turkeys, for 10 turkeys there are 9 pigs. How many ducks equals 7 pigs?

Solution

For 12 ducks, there are 5 chickens

12 ducks = 5 chickens

For 3 chickens, there are 8 turkeys

3 chickens = 8 turkeys

For 10 turkeys, there are 9 pigs

10 turkeys = 9 pigs

We first need to create a direct relationship between ducks and pigs to know how many ducks are equivalent to 7 pigs.

9 pigs = 10 turkeys

8 turkeys = 3 chickens

10 turkeys = (10×3/8) chickens = 3.75 chickens

Hence, 9 pigs = 10 turkeys = 3.75 chickens

9 pigs = 3.75 chickens.

12 ducks = 5 chickens

5 chickens = 12 ducks

3.75 chickens = (3.75×12/5) ducks = 9 ducks.

9 pigs = 3.75 chickens = 9 ducks

9 pigs = 9 ducks.

Hence, 7 pigs = 7 ducks too.

Hope this Helps!!!

Probability Race game
Read the whole thing. Question 2 will be posted separately to make the question simple.

Question 1:
Why should you not play this game with Roland? Use probability to prove that
the game is unfair and Roland is likely to win. SHOW ALL YOUR WORK!

Answers

Answer:

see below

Step-by-step explanation:

There are 36 possible outcomes when rolling 2 die

P( number) = number of times the sum appears / total outcomes

p(1) =0/36

P(2) = 1/36

p(3) = 2/36

p(4) = 3/36

p(5) = 4/36

p(6) = 5/36

p(7) = 6/36

p(8) = 5/36

p(9) = 4/36

p(10) = 3/36

p(11) = 2/36

p(12) = 1/36

Since he picked first he has the greatest odds so he is most likely to win

What is the angle relationship shown below?
A)Corresponding
B)Same side interior
C)Alternate interior
D)Alternate exterior
E)Vertical

Answers

Answer:

The relationship between the angles is alternate exterior angles.

Step-by-step explanation:

Exterior means outside.

Alternate means every other or in this case across form each other.

These angles represent alternate exterior angles because they are on the outside of the transversal and they are alternating each other.

PLZ ANSWER THIS ASAP

Answers

Answer:

C. Hollow cone frustum

Step-by-step explanation:

Revolved it in my head, because the line isn't touching the triangle it will be hollow, because the triangle has a slope the shape will taper.

Fatima has 72 oranges. Four oranges are needed to make a glass of freshly squeezed orange juice. How many glasses of orange juice can she make?

Answers

Answer:

Step-by-step explanation:

18

Find the area of the figure. If needed, round to the nearest tenth.

Isosceles trapezoid
An isosceles trapezoid with bottom base length of 14 feet, top base of 7 feet, and height of 6 feet.
a.
63 sq. ft
b.
27 sq. ft
c.
49 sq. ft
d.
126 sq. ft


Answers

Answer:

a. 63 ft²

Step-by-step explanation:

A= 1/2(b1+b2)h

b1= 14 ftb2= 7 fth= 6 ftA= 1/2(14+7)*6= 63 ft²

Answer:

[tex]63 {ft}^{2} [/tex]

Answer A is correct

Step-by-step explanation:

[tex]area = \frac{1}{2} (a + b)h \\ = \frac{1}{2} \times (7 + 14) \times 6 \\ = \frac{1}{2} \times 21 \times 6 \\ = \frac{126}{2} \\ = 63 {ft}^{2} [/tex]

hope this helps

Looking at the histogram, where would the median fall?

Answers

Answer:

The median would be found in the middle of the histogram

Step-by-step explanation:

It looks like 70-79, would fall in being the median because it is in the middle and it has the most results. In this case, I think it 70-79.

Hope this helps.

Answer:

70-79

Step-by-step explanation:

I took the test :)

Lin’s family has completed 70% of a trip. They have traveled 35 miles. How far is the trip?

Answers

Answer:

The trip is 45 and 1/2 miles long

Step-by-step explanation:

The budget for Ohio is 69.1 billion with a population of 11.69 million residents. Round all scientific answers with two decimals with no spaces. Example: 1.23x10^4 or 1.23E4 Write the budget in scientific notation. 1 point Debt: Write the population in scientific notation. 1 point Population: Calculate the Budget Per Capita and write your answer in standard notation. Round to a whole number. 2 points Use the budget per capita in a sentence explaining what this value means. 4 points

Answers

Answer:

Step-by-step explanation:

Hello,

This question requires us to convert numbers from standard form to scientific form. This can easily be done using a calculator or just writing the number down then put a decimal point after the first digit and count the rest which would be raised to the power of that number.

Budget = 69.1 billion

Converting this to scientific form = 6.91×10¹⁰

Population = 11.67 million

Converting this to scientific form = 1.167×10⁷

Budget per capita refers to budget allocated to each individual in the population.

Budget per capita is used to compare economic indices or indicators of various countries with different population sizes.

Budget per capita = budget / total population

Budget per capita = 6.91×10¹⁰ / 1.169×⁷

Budget per capita = 5911.03

What this implies is that for each individual living in the state of Ohio, the amount budgeted for that particular period (mostly in a given year) is 5911.03

I will mark you brainliest! How much money did Nikki orginally invest?

Answers

Answer:D

Step-by-step explanation:

The Answer will be- D

Please answer correctly !!!!!! Will mark brainliest !!!!!!!!!

Answers

Answer:

-2 = not in domain

0= in domain

3= in domain

I really need help with this I don't understand it.

Answers

Answer:

(10x + 37) and (15x+7) are vertical angles which are always equal

10x + 37 = 15x +7

5x = 30

x = 6

The angle (15x +7) equals 97 and the other angle (10x + 37) also equals 97 degrees.  All 4 of the angles add up to 360 degrees.

Therefore, 360 = 2z + 97 + 97

2z = 166

z = 83

Step-by-step explanation:

Please help! Correct answer only!
For a fundraiser, there is a raffle with 100 tickets. One ticket will win a $150 prize, and the rest will win nothing. If you have a ticket, what is the expected payoff?


$ ___

Answers

Answer:

Expected Payoff ⇒ $ 1.50 ; Type in 1.50

Step-by-step explanation:

Considering that 1 out of the 100 tickets will have a probability of winning a 150 dollar prize, take a proportionality into account;

[tex]100 - Number of Tickets,\\1 - Number of Tickets You Can Enter,\\\\1 / 100 - Probability of Winning,\\$ 150 - Money Won,\\\\Proportionality - 1 / 100 = x / 150, where x - " Expected Payoff "\\\\1 / 100 = x / 150,\\100 * x = 150,\\\\Conclusion ; x = 1.5 dollars[/tex]

Thus, Solution ; Expected Payoff ⇒ $ 1.50

Alex, Stephen and Bridget share some sweets in the ratio 4:1:1. Alex gets 36 sweets. How many sweets are there altogether?

Answers

Answer:

There are 54 total sweets  

Step-by-step explanation:

Alex: Stephen : Bridget : total

4:          1          :      1       : 4+1+1 = 6

Alex gets 36

36/4 = 9

Multiply each number by 9

Alex: Stephen : Bridget : total

4*9:          1*9   :      1*9    :    6*9

36:               9 :         9     :   54

There are 54 total sweets  

There r 54 sweets in total

Calculate the measures of variability for the data set. The range is

Answers


There are four frequently used measures of variability: the range, interquartile range, variance, and standard deviation. In the next few paragraphs, we will look at each of these four measures of variability in more detail.!!!!!!!!

HELP!!!! Identify the volume of the composite figure rounded to the nearest tenth.

Answers

Answer:

4618.1 ft³

Step-by-step explanation:

Volume of the cone:

[tex]V_{cone} = \frac13 \pi r^2 h[/tex]

[tex]V_{cone} = \frac13 \cdot \pi \cdot 49 \cdot 12 = 196\pi[/tex]

Volume of the cilinder:

[tex]V_{cilinder} = \pi r^2 h[/tex]

[tex]V_{cilinder} = \pi \cdot 49 \cdot 22 = 1078\pi[/tex]

Total volume is 2*Vcone + Vcilinder = 1470π ≈ 4618.1 ft³

The orange and blue lines represent different linear functions. Write the color of the line that describes the scenario.


When Janelle woke up, it was –3 degrees Fahrenheit outside. As the morning progressed, the temperature rose 2 degrees every hour.

Answers

Answer:

Blue

Step-by-step explanation:

I just got this question correct

Answer:

Blue

Step-by-step explanation:

Urgent please help. Amanda surveyed 20 juniors and seniors at delamar high school to find the number of hours per week they spend working at part-time jobs. Her results are shown below.
Look at picture

Answers

Answer:

The correct statement is (C).

Step-by-step explanation:

The data for the number of hours per week they spend working at part-time jobs by 20 juniors and seniors at Delmar high school is:

Juniors: 20, 10, 20, 10, 15, 0, 0, 10, 20, 15

Seniors: 20, 20, 10, 10, 0, 0, 0, 10, 0, 10

Compute the mean of both the data:

[tex]\mu_{J}=\frac{1}{n}\sum\limits^{n}_{i=1}{x_{iJ}}[/tex]

     [tex]=\frac{1}{10}\times [20+10+20+10+15+0+0+10+20+15]\\\\=\frac{120}{10}\\\\=12[/tex]

[tex]\mu_{S}=\frac{1}{n}\sum\limits^{n}_{i=1}{x_{iS}}[/tex]

     [tex]=\frac{1}{10}\times [20+ 20+10+10+0+0+0+10+0+10]\\\\=\frac{80}{10}\\\\=8[/tex]

Compute the range of both the data:

[tex]Range_{J}=Max._{J}-Min._{J}[/tex]

            [tex]=20-0\\=20[/tex]

[tex]Range_{S}=Max._{S}-Min._{S}[/tex]

            [tex]=20-0\\=20[/tex]

It can be seen that the range of both the data is same, i.e. 20.

Thus, the correct statement is (C).

What’s the 73rd term of the sequence 18,30,42

Answers

Answer:

Let's find the explicit rule for this arithmetic sequence. We have:

aₙ = a₁ + (n - 1) * d

   = 18 + 12 * (n - 1)

   = 12n + 6.

The 73rd term is 12 (73) + 6 = 882.

What’s the square root of 500

Answers

Answer:

22.360679775

Step-by-step explanation:

i used a calulator on the web

Answer:

±10 sqrt(5)

Step-by-step explanation:

sqrt(500)

We know that sqrt(ab) = sqrt(a) sqrt(b)

sqrt(100*5)

sqrt(100) sqrt(5)

±10 * sqrt(5)

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