Tori needs to make some house repairs in three years that will cost $9,000. She has some money in an account earning 9% annual interest. How much money needs to be in the account today so she will have enough to pay for the repairs

Answers

Answer 1

Answer:

She needs to have approximately $6950 on that account.

Step-by-step explanation:

Since the account has an interest rate of 9% annually, then it's compounded and the earnings can be found by the following expression:

[tex]M = C*(1 + r)^t[/tex]

Where M is the final amount, C is the initial amount, r is the interest rate and t is the time elapsed in years.

She needs the money in 3 years, therefore t = 3. Applying this to the problem we have:

[tex]9000 = C*(1 + 0.09)^3\\9000 = C*(1.09)^3\\C*1.295 = 9000\\C = \frac{9000}{1.295}\\C = 6949.81[/tex]

She needs to have approximately $6950 on that account.


Related Questions

Assume that when adults with smartphones are randomly​ selected, 53​% use them in meetings or classes. If 7 adult smartphone users are randomly​ selected, find the probability that exactly 5 of them use their smartphones in meetings or classes.

Answers

Answer:

[tex]P(X=5)=(7C5)(0.53)^5 (1-0.53)^{7-5}=0.194[/tex]

Then the probability that exactly 5 of them use their smartphones in meetings or classes is 0.194

Step-by-step explanation:

Let X the random variable of interest "number of adults with smartphones", on this case we now that:

[tex]X \sim Binom(n=7, p=0.53)[/tex]

The probability mass function for the Binomial distribution is given as:

[tex]P(X)=(nCx)(p)^x (1-p)^{n-x}[/tex]

Where (nCx) means combinatory and it's given by this formula:

[tex]nCx=\frac{n!}{(n-x)! x!}[/tex]

And we want to find this probability:

[tex] P(X=5)[/tex]

Using the probability mass function we got:

[tex]P(X=5)=(7C5)(0.53)^5 (1-0.53)^{7-5}=0.194[/tex]

Then the probability that exactly 5 of them use their smartphones in meetings or classes is 0.194

Leroy is 22 years old. His car averages 31 miles
per gallon. His car payments are $165.32 per
month, and he has 36 more payments to
make. How old will he be when he pays off his
car?

Answers

Answer:

he will be 25

Step-by-step explanation:

36 monthly payments left/12 payments a year = 3 years. 22 + 3 = 25

A loan of $8 000 was repaid in 2 years in
monthly payments of $400.00. The interest
on the loan, as e percentage, was?

Answers

Answer:

P = 8000

t = 2

I = p × r × t

400 = 8000 × r/100 × 2

r = 400/160 per year

r = 40/16 = 2.5 %

According to the Rational Root Theorem, Negative two-fifths is a potential rational root of which function?
f(x) = 4x4 – 7x2 + x + 25
f(x) = 9x4 – 7x2 + x + 10
f(x) = 10x4 – 7x2 + x + 9
f(x) = 25x4 – 7x2 + x + 4

Answers

Answer:

Neither expression satisfies the given rational root.

Step-by-step explanation:

To find the right answer, we just need to replace the given root in each expression and see which one gives zero.

First expression.

[tex]f(x)=4x^{4} -7x^{2} +x+25\\f(-\frac{2}{5})= 4(-\frac{2}{5})^{4} -7(-\frac{2}{5})^{2} +(-\frac{2}{5})+25=\frac{64}{625}-\frac{28}{25} -\frac{2}{5} +25 \approx 23.58[/tex]

Second expression.

[tex]f(x)=9x^{4}-7x^{2} +x+10=9(-\frac{2}{5} )^{4} -7(-\frac{2}{5} )^{2} +\frac{2}{5} +10 \approx 9.5[/tex]

Third expression.

[tex]f(x)=10x^{4}-7x^{2} +x+9=10(-\frac{2}{5} )^{4} -7(-\frac{2}{5})^{2} +(-\frac{2}{5})+9 \approx 7.7[/tex]

Fourth expression.

[tex]f(x)=25x^{4}-7x^{2} +x+4=25(-\frac{2}{5} )^{4} -7(-\frac{2}{5})^{2} +(-\frac{2}{5})+4 \approx 3.12[/tex]

Therefore, neither expression satisfies the given rational root.

Answer:

D. f(x) = 25x^4 - 7x^2 + x + 4.

Step-by-step explanation:

The correct answer to your question is D.

What is the value of ¡97 - i?

Answers

Answer:

This is the answer

Step-by-step explanation:

Akmal, Bakri and Cadin share their mother medical expenses which cost RM4200. Cadin pays RM2100 while akmal pays three quarters of Bakri amount. Find the ratio of the expenses shared by Akmal to Bakri to Cadin ​

Answers

Answer:

The ratio of the expenses shared by Akmal to Bakri to Cadin is 7 : 4 : 3

Step-by-step explanation:

The 3 of them shares their mother medical expenses which cost RM4200 . There mother medical expenses is RM4200 in total. Cadin pays RM2100 which is half of their mother medical expenses. Then Akmal pays three quarters of Bakri amount.

Let

The amount Bakri pays = a

Akmal pays = 3/4 of a

Akmal pays = 3/4a

Therefore,

a + 3a/4 = 2100

4a + 3a/ 4 = 2100

7a/4 = 2100

cross multiply

7a = 8400

divide both sides by 7

a = 8400/7

a = 1200

Therefore,

Bakri pays =RM 1200

Akmal pays = 3/4 × 1200 =RM 900

The ratio of the expenses shared by AKmal to Bakri to Cadin is expressed as 2100 : 1200 : 900. Divide through by 300

7 : 4 : 3

PLEASE HELP

Which of the following is an arithmetic sequence?


A: -2, 4, -6, 8, ...
B: -8, -6, -4, -2, ...
C: 2, 4, 8, 16, ...

Answers

Answer : b
Same distance between consecutive terms.

Which value of k makes 5-k+12=16 a true statement? Choose 1 answer: Choice A) k=1 (Choice B) k=2 (Choice C) k=3 (Choice D) k=4

Answers

Answer:

A) k=1

Step-by-step explanation:

5-k+12=16

17-k=16

k=1

Answer:

k=1

Step-by-step explanation:

5-k+12=16

Combine like terms

17 - k = 16

Subtract 17 from each side

17-k-17 = 16-17

-k = -1

Divide by -1

k = 1

Solve for x
A)9
B)33
C)45
D)62

Answers

Answer:

A) 9

Step-by-step explanation:

R=7x+17

S=4x-6

Q=180-110=70

4x-6+7x+17+70=18011x+81=19011x=180-8111x=99x=99/11x=9

Classify the triangle by its​ sides, and then by its angles.
7 m
7 m
9.9 m
Classified by its​ sides, the triangle is​ a(n)

isosceles
scalene
equilateral
triangle.
Classified by its​ angles, the triangle is​ a(n)

acute
right
obtuse
triangle.

Answers

Answer:

isosceles

Step-by-step explanation:

it’s an isosceles triangle

ASAP! GIVING BRAINLIEST! Please read the question THEN answer CORRECTLY! NO guessing. I say no guessing because people usually guess on my questions.

Answers

Answer:

  G(x) = x^2 -10x +25

Step-by-step explanation:

To translate F(x) 5 units to the right, replace x with (x-5).

  G(x) = F(x-5) = (x -5)^2

  G(x) = x^2 -10x +25

what is 2n+3n +1 +8n+4

Answers

How do you need this answered?
If you need it simplified it would be 13n+5

Please tell me or you need it solved

Answer:

13n + 5

Step-by-step explanation:

2+3+8 = 13n

1+4 = 5

13n+5

Method 1: Long Division (x^2+3x-43) / (x+8

Answers

Answer:

x - 5 - (3/x+8)

Step-by-step explanation:

Answer:

Step-by-step explanation:

The weight of an
object on Earth varies
directly as the weight
of that object on the
B moon. If a 150-1b
object would weigh
24 lbs on the moon,
how much would a 95-
lb object weigh on the
moon?​

Answers

Answer:

15.2 lbs

Step-by-step explanation:

Make a ratio: 150 : 24 = 95 : x

[tex]\frac{75}{12}=\frac{95}{x}[/tex]

75x = 1140

x = 15.2

what is Associative propert

Answers

Answer:

Associative property of multiplication is the grouping of numbers being multiplied can be changed without affecting the product.

here is an example!

Addison Rae work using the associative property:

(-8.5)(5)(-4) =

(-8.5)(-20) =

170

hope this helped it was from my FLVS schooling :)

A powerful computer is purchased for $2000, but loses 20% of its value each year. How much will it be worth 4 years from now?


a. Growth or Decay?


b. What is your multiplier?


c. Is $2000 your zero term or first term? term


d. Write the equation. (do not use spaces in your response; example: f(x)=10.2(1.22)^x )


e. Solve

Answers

Answer:

(A)Decay

(b)0.8

(c)First Term

(d)[tex]f(t)=2000(0.8)^t[/tex]

(e)$819.20

Step-by-step explanation:

The exponential function for modelling growth or decay is given as:

[tex]A(t)=A_o(1\pm r)^t[/tex],

Where:

Plus indicates growth and minus indicates decay.

[tex]A_o$ is the Initial Value\\r is the growth/decay rate\\t is the time period[/tex]

For a powerful computer that was purchased for $2000, but loses 20% of its value each year.

(a)Since it loses value, it is a decay.

(b)Multiplier

Its value decays by 20%.

Therefore, our multiplier(1-r) =(1-20&)=1-0.2

Multiplier =0.8

(c)$2000 is our First term (or Initial Value [tex]A_o[/tex])

(d)The function for this problem is therefore:

[tex]f(t)=f_o(1- r)^t\\f(t)=2000(1- 0.2)^t\\\\f(t)=2000(0.8)^t[/tex]

(e)Since we require the worth of the computer after 4 years,

t=4 years

[tex]f(4)=2000(0.8)^4\\f(4)=\$819.20[/tex]

What is the value of lifeee, and when do you think corona will stop! Will mark brainliest cuz why not

Answers

Answer:

LIFE: Your life purpose consists of the central motivating aims of your life—the reasons you get up in the morning. Purpose can guide life decisions, influence behavior, shape goals, offer a sense of direction, and create meaning. For some people, purpose is connected to vocation—meaningful, satisfying work. Also always be your self (:

Corona: I think corona depending on were you live will stop next year when they find a treatment for it.

Hope this helped!

Answer:

Your life is the most important thing. It shouldn't be worth 1 million dollars, or even 1 billion dollars, because it's worth everything.  

Corona can't really stop. It's a matter of the government to try to contain the virus, so it won't spread even further. I think the right time to reopen the economy is when we find a vaccine. But of course, places all over the U.S. are already reopening which will cause a spike in cases, therefore making our "self-isolation" even longer.

What’s the correct answer for this? Select two answers that, when combined, show that circles are similar

Answers

Answer:

A and F

Step-by-step explanation:

First we'll dilate it by a scale factor of 2. After that, we'll translate in 6 units left and 6 units up to map circle J onto circle K

Sarah wants to refurbish her shop.

She is quoted £2500 for the refurbishment, with a 20% discount to be taken off.

What is the final cost of the refurbishment after the discount?

Answers

Answer:

2000

Step-by-step explanation:

2500 / 100 = 25 (1%)

25 X 20 =500 (20%)

2500 - 500 =2000

Peggy had four times as many quarters as nickels. She had $2.10 in all. How many nickels and how many quarters did she have?



If the variable n represents the number of nickels, then which of the following expressions represents the number of quarters?

Answers

Answer:

2 nickels8 quarters

Step-by-step explanation:

If n represents the number of nickels, and the number of quarters is 4 times the number of nickels, then the number of quarters is represented by 4n.

The total value of the coins in cents is ...

  5(n) +25(4n) = 210

  105n = 210 . . . . . . . . collect terms

  n = 210/105 = 2 . . . . number of nickels

  4n = 4(2) = 8 . . . . . . number of quarters

Peggy has 2 nickels and 8 quarters.

Given fix) = 3x- 1 and g(x) = 2x-3, for which value of x does g(x) = f(2)?
X=
2
О
X= 2
NDI
X=
x=4

Answers

Answer:

The value of X would be 4.

Answer:

x=4

Step-by-step explanation:

f(2)=3*2-1=5

g(x)=2x-3=5

2x=8

x=4

A cell phone company is offering 2 different monthly plans. Each plan charges a monthly fee plus an additional cost per minute. Plan A: $ 40 fee plus $0.45 per minute Plan B: $70 fee plus $0.35 per minute a) Write an equation to represent the cost of Plan A b) Write an equation to represent the cost of Plan B c) Which plan would be least expensive for a total of 100 minutes?

*Please Show Work*

Answers

Answer:

Plan A would be the least expensive

Step-by-step explanation:

Plan A= $0.45x100= 45, 45+40=$85

Plan B= $0.35x100= 35, 35+70= %105

(Each plan is for 100 minutes)

Is 3/5 A.irrational, B.rational, C.natural and whole, or D.natural, whole integer and rational

Answers

Answer:

B

Step-by-step explanation:

3/5 is a fraction, meaning it isn't irrational, natural, whole or an integer, therefore the answer is rational (B).

Answer:

B.rational

Step-by-step explanation:

3/5 is written as a fraction so it is a rational number

It is not a whole number since it is a reduced fraction that is less than 1

Three spinners numbered 1 through 12 are spun. What is the probability of spinning a five on the first spinner, an even number on the second spinner, and a multiple of 4 on the third spinner?

1/96
1/72
7/12
5/6

Answers

Answer:

[tex]\frac{1}{96}[/tex]

Step-by-step explanation:

Spinning a 5 is [tex]\frac{1}{12}[/tex]

Spinning even is [tex]\frac{1}{2}[/tex]

Spinning multiple of 4 is [tex]\frac{1}{4}[/tex]

[tex]\frac{1}{12} *\frac{1}{2} *\frac{1}{4}[/tex][tex]=\frac{1}{96}[/tex]

A hot dog has about 1/4 the amount of protein as 3 ounces of hamburger. Together, they have about 25 grams of protein. How many grams of protein are in a 3 oz hamburger?

Answers

Answer:

(1) protein in hot dog = ¼ * protein in 3 ounces of hamburger

(2) protein in hot dog + protein in 3 ounces of hamburger = 25

So we need to re-arrange (1) and (2) to solve for the protein in 3 ounces of hamburger!

(re-arrange (1)): 4 * protein in hot dog = protein in 3 ounces of hamburger

(re-arrange (2)): protein in hot dog = 25 - protein in 3 ounces of hamburger

(plugging re-arranged (2) into re-arranged (1)):

4 * (25 - protein in 3 ounces of hamburger) = protein in 3 ounces of hamburger ( multiplying )

100- 4 protein in 3 ounces of hamburger = protein in 3 ounces of hamburger

solving for the protein in 3 ounces of hamburger:

5 * protein in 3 ounces of hamburger = 100

protein in 3 ounces of hamburger = 20 gram

A bank wants to attract new customers for its credit card. The bank tries two different approaches in the marketing campaign. The first promises a cash back reward; the second promises low interest rates. A sample of 500 people is called the first brochure; of these, 100 get the credit card. A separate sample of 500 people is called the second brochure; 125 get the credit card. The bank wants to know if the two campaigns are equally attractive to customers. What is a 95% confidence interval for the difference in the two proportions

Answers

Answer:

Step-by-step explanation:

Confidence interval for the difference in the two proportions is written as

Difference in sample proportions ± margin of error

Sample proportion, p= x/n

Where x = number of success

n = number of samples

For the first brochure,

x = 100

n1 = 500

p1 = 100/500 = 0.2

For the second brochure

x = 125

n2 = 500

p2 = 125/500 = 0.25

Margin of error = z√[p1(1 - p1)/n1 + p2(1 - p2)/n2]

To determine the z score, we subtract the confidence level from 100% to get α

α = 1 - 0.95 = 0.05

α/2 = 0.05/2 = 0.025

This is the area in each tail. Since we want the area in the middle, it becomes

1 - 0.025 = 0.975

The z score corresponding to the area on the z table is 1.96. Thus, the z score for confidence level of 95% is 1.96

Margin of error = 1.96 × √[0.2(1 - 0.2)/500 + 0.25(1 - 0.25)/500]

= 1.96 × √0.000695

= 0.052

Confidence interval = (0.2 - 0.25) ± 0.052

= - 0.05 ± 0.052

Let uequalsleft angle 4 comma negative 3 right angle​, vequalsleft angle negative 2 comma 5 right angle​, and wequalsleft angle 0 comma negative 6 right angle. Express 7 Bold u minus 5 Bold v plus Bold w in the form left angle a comma b right angle.

Answers

Answer:

[tex]<38,52>[/tex]

Step-by-step explanation:

[tex]u=<4,-3>\\v=<-2,5>\\w=<0,-6>[/tex]

We are required to express 7u-5v+w in the form <a,b>.

[tex]7u-5v+w =7<4,-3>-5<-2,5>+<0,-6>\\=<28,-21>-<-10,25>+<0,-6>\\=<28-(-10)+0, -21-25-6>\\=<38,52>\\$Therefore:$\\7u-5v+w=<38,52>[/tex]

ASAP! GIVING BRAINLIEST! Please read the question THEN answer CORRECTLY! NO guessing. I say no guessing because people usually guess on my questions.

Answers

Answer:

D. Yes; the graph passes the vertical line test.

Step-by-step explanation:

→The vertical line test is when you hold something (like a pencil), straight up/vertically, and you move it from left-to-right to see if any two points repeat.

→The correct answer is "D. Yes; the graph passes the vertical line test," because the x-values can't repeat, not the y-values, if the graph were to show a function. In this case, the graph passes the vertical line test.

ps help me with this its urgent❤

Use the properties of exponents to simplify the expression. (photo attached)​

Answers

Answer:

y^6/x^2

Step-by-step explanation:

(y^3/2x^-1/2)^4= y^(4*3/2)x^(-1/2*4)=y^6x^-2= y^6/x^2

The city manager of Shinbone has received a complaint from the local union of firefighters to the effect that they are underpaid. Not having much time, the city manager gathers the records of a random sample of 27 firefighters and finds that their average salary is $38,073 with a standard deviation of $575. If she knows that the average salary nationally is $38,202, how can she respond to the complaint

Answers

Answer:

She can answer, after performing the hypothesis test, that there is not enough evidence to support the claim that the city firefighters salary is significantly lower than the national average.

Step-by-step explanation:

She can statistically test the claim of the firefighters to see if it has statistical evidence.

This is a hypothesis test for the population mean.

The claim is that the city firefighters salary is significantly lower than the national average.

Then, the null and alternative hypothesis are:

[tex]H_0: \mu=38202\\\\H_a:\mu< 38202[/tex]

The significance level is 0.1.  Is less conservative than 0.05, for example, so if there is little evidence, the null hypothesis with be rejected.

The sample has a size n=27.

The sample mean is M=38073.

As the standard deviation of the population is not known, we estimate it with the sample standard deviation, that has a value of s=575.

The estimated standard error of the mean is computed using the formula:

[tex]s_M=\dfrac{s}{\sqrt{n}}=\dfrac{575}{\sqrt{27}}=110.659[/tex]

Then, we can calculate the t-statistic as:

[tex]t=\dfrac{M-\mu}{s/\sqrt{n}}=\dfrac{38073-38202}{110.659}=\dfrac{-129}{110.659}=-1.17[/tex]

The degrees of freedom for this sample size are:

df=n-1=27-1=26

This test is a left-tailed test, with 26 degrees of freedom and t=-1.17, so the P-value for this test is calculated as (using a t-table):

[tex]\text{P-value}=P(t<-1.17)=0.127[/tex]

As the P-value (0.127) is bigger than the significance level (0.1), the effect is not significant.

The null hypothesis failed to be rejected.

There is not enough evidence to support the claim that the city firefighters salary is significantly lower than the national average.

Other Questions
Plzzzz helppp urgent The boiling point of ethanol is 78.40C. A student conducts anexperiment and finds a boiling point of 75.70C. How far offfrom the accepted value was the student's result?Error = C 3. Reread lines 32-49. Explain Izzy's dilemma. Why does the author pose two questions in lines 45-49? The preliminary 20 21 income statement of Alexion Systems, Inc., is presented below: ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2021 ($ in millions, except earnings per share) Revenues and gains: Sales revenue 437 Interest revenue 5Other income 127Total revenues and pains Expenses: 569 Cost of goods sold 246Selling and administrative expense 151Income tax expense 43 Total expenses 440Net Income 129Earnings per share 12.90Additional Information: 1. Selling and administrative expense includes $27 million in restructuring costs. 2. Included in other income is $120 million in income from a discontinued operation. This consists of $90 million in operating income and a $30 million gain on disposal. The remaining $7 million is from the gain on sale of investments 3. Cost of goods sold was increased by $10 million to correct an error in the calculation of 2020's ending inventory. The amount is material Required: Prepare a revised income statement for 2021 reflecting the additional facts. Construct the indicated confidence interval for the difference between the two population means. Assume that the two samples are independent simple random samples selected from normally distributed populations. Do not assume that the population standard deviations are equal.A paint manufacturer wished to compare the drying times of two different types of paint. Independent simple random samples of 11 cans of type A and 9 cans of type B were selected and applied to similar surfaces. The drying times, in hours, were recorded. The summary statistics are as follows.Type Ax-bar1 = 75.7 hrs.s1 = 4.5 hrs.n1 = 11Type Bx-bar2 = 64.3 hrs.s2 = 5.1 hrs.n2 = 9Construct a 98% confidence interval for the difference for the mean drying time between paint A and paint B.A. 6.08 hrs < 1 - 2 < 16.72 hrsB. 5.85 hrs < 1 - 2 < 16.95 hrsC. 5.78 hrs < 1 - 2 < 17.02 hrsD. 5.92 hrs < 1 - 2 < 16.88 hrs If the mass of a certain block is 500g, what is the weight of the block? The risk-free rate of interest, kRF, is 6 percent. The overall stock market has an expected return of 12 percent. Nutshell, Inc. has a beta of 1.2. What is the required return of Nutshell, Inc. stock? * Buddha is least evident in country of? 1. Which statement correctly completes this timeline? *East-West Conflict in Europe During the Cold War1946-1949The Soviet Union forms the communist Eastern Bloc.1947The United States announces the Truman Plan.1948-1949The Soviet Union enforces the Berlin Blockade.1948-19491949Western Powers form the North Atlantic Treaty Organi PLEASE HELP ME ASAP Explain why each of these elements occurs as diatomic molecules. Match the words in the left column to the appropriate blanks in the sentences on the right. "An investor wishes to buy a new issue of U.S. Government agency bonds. You recommend that the customer purchase Federal Home Loan Bank bonds with a 20 year maturity. An investor who purchases the new issue of Federal Home Loan Bank bonds can expect to pay:" What was James Wilson's most notable contribution to thedrafting of the Constitution? Examine the map of North American deserts. A map of North American deserts are color-coded and labeled A, B, C, and D. A is in Nevada, Utah, California, and Oregon. B is in Nevada and southern California. C is in Arizona and Mexico. D is in Texas, New Mexico, and Mexico. Which desert is located at B? Great Basin Mojave Desert Sonoran Desert Chihuahuan Desert PLZ HELP Pls help me to solve this what type of circuit is shown?open parallel circuitclosed parallel circuitclosed series circuitopen series circuit write 47 and 1000 as a decimal How does fuel burn in a diesel vehicle? During the recession of 2008 through 2010, Fordsaw sales of its vehicles drop and was forced toreduce production. This decision reflected changesin the company's BLANK environment. student conducted an experiment and find the density of an ICEBERGE. A students than recorded the following readings. Mass 425 25 g Volume 405 15 mL What experimental value should be quoted for the density of the ICEBERG? Compare your answer with the density of water, which is 3 1.00 10 kg . Show any calculations necessary to justify your answer 30 points !!!please help is this right???