julie wants to invest $3,000 into
a mutual fund that pays 7%
interest for 10 years. suppose
the interest were compounded
monthly instead of annually.
how much would the future
value of the investment
increase?

Answers

Answer 1

Answer:

$400

Step-by-step explanation:

Answer 2

The future value of the investment increase will be $6,028.98.

What is compound Interest?

The interest that is calculated using both the principal and the interest that has accrued during the previous period is called compound interest. It differs from simple interest in that the principal is not taken into account when determining the interest for the subsequent period with simple interest. Compound interest is commonly abbreviated C.I. in mathematics.

Given:

P = $3000

R = 7%

T = 10 years

r = R/100

r = 7/100

r = 0.07 rate per year,

Then solve the equation for A

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

A = 3,000.00[tex](1 + 0.07/12)^{(12)(10)[/tex]

A = 3,000.00[tex](1 + 0.0058333333333333)^{(120)[/tex]

A = $6,028.98

Hence, the future value will be $6,028.98.

Learn more about Compound Interest here:

https://brainly.com/question/14295570

#SPJ2


Related Questions

Choose the largest fraction.

A
1/6

B
2/5

C
9/10

D
6/8

Answers

Answer:

9/10

Step-by-step explaation:

PLEASE HELp ME U GET ALOT OF POINTS 97points
circumference and Area of circles
7. Demi measured the wheels on her brother's wagon. The diameter of each
wheel is 15 inches. To the nearest inch, how far will the wagon travel each
time the wheels make a complete turn?

8.The radius of circle A is 6 ft. The diameter of circle B is 6 ft. To the nearest
foot, how much greater is the circumference of circle A as compared to the circumference of circle B?
9. The larger circle in the design at the right has a radius of 40 in.
What is the area of the shaded part of the design?
30 in.
10. Max knows that the circumference of a circular pool is 12 ft.
He estimates that the diameter of the pool is between 3 ft and 4 ft. Is this reasonable? Explain.

Answers

Answer:

#7

C = πd = 3.14*15 in = 47 in (rounded)

#8

C₁ = 2πr = 2*3..14*6 ft = 37.68 ftC₂ = πd = 3.14*6 ft = 18.84 ft

The difference:

C₁ - C₂ = 37.68 - 18.84 = 19 ft (rounded)

#9

No picture attached

#10

C = 12 ftd = C/πd = 12/3.14 = 3.82 ft3 ft < 3.82 ft < 4 ft

Max is right

3
Select the correct answer from each drop-down menu.
A cross section is the intersection of a
✓ and a

Answers

Answer: three dimensional figure and plane.

Step-by-step explanation:

A cross section is the intersection between a (three dimensional figure) and also a (plane).

When an object is being cut straight, the shape that we get is referred to as the cross section. We should note that several parallel cross sections will be firmed when we cut a particular object into slices.

d = 8.1h
The variable h represents the number of hours spent walking dogs, and the variable d
represents the amount of money earned. How many hours in all will it take Janelle to earn a
total of $19.44?

Answers

Answer:

2.4 hours or 2 hours, 24 minutes

Step-by-step explanation:

19.44 = 8.1h

h = 2.4

X 3.5.PS-12
Question Help
A department store buys 400 shirts at a cost of $9,600 and sells them at a selling price of $30 each.
Find the percent markup.
The percent markup is
%. (Round to the nearest whole number as needed.)​

Answers

Answer:

The percent markup is 25%.

Step-by-step explanation:

Percent markup:

The percent markup is given by the difference in selling price and buying price multiplied by 100% and divided by the buying price.

A department store buys 400 shirts at a cost of $9,600

This means that the buying price is:

$9600/400 = $24

Find the percent markup.

Buying price: $24

Selling price: $30

30 - 24 = 6

6*100%/24 = 25%

The percent markup is 25%.

Will give brainliest for correct answer

Answers

Answer:

4 = function

5 = function

6 = not a function

Step-by-step explanation:

The first two pass the vertical line test

while the last ne doesn't

Which of the following scenarios shows a value of 0.4? Select all that apply.

A.
Jesse sold 40 out of 60 items at a garage sale.

B.
Jesse rode 4 out of 10 miles on his bike.

C.
Jesse finished 40 out of 100 math problems.

D.
Jesse ate 4 out of 100 jellybeans.

E.
Jesse returned 4 out of 8 library books.

Answers

Answer:

D and B

Step-by-step explanation:

The scenarios which gives a value of 0.4 is depicted by the equations B and C

What is an Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

Let the equation be represented as A

Now , the value of A is

Substituting the values in the equation , we get

a)

Jesse rode 4 out of 10 miles on his bike.

So , the fraction is A = 4/10 = 0.4

b)

Jesse finished 40 out of 100 math problems.

So , the fraction is A = 40/100 = 0.4

Hence , the equation is A = 0.4

To learn more about equations click :

https://brainly.com/question/19297665

#SPJ2

THE TOPIC IS: AREA OF CIRCLES!! PLEASE HELP ME WITH THIS QUESTION!!! WHATS THE ANSWER?? I WILL GIVE YOU BRAINLIEST AND A THANKS!!! THANK YOUUU!!! <33

Answers

Answer:

50.24in²

Step-by-step explanation:

Formula: πr²

Given: π = 3.14, r = 4

Sub: 3.14(4)²

SImplify: 3.14(16)

Solve: 50.24

I really need help with this stadistic problem

Answers

Answer:

the mean is 5.8 and the median is 6

Step-by-step explanation:

if you multiply the test scores by their frequencies and then add up all those values, and then divide by the number of test scores, you get 5.8

for the median, you write out all the test scores in order from least to greatest and how many times they appear. then if you go to the middle of that number line, youll find the median

A sales manager wanted to determine if increasing sales commissions by 5% would increase employee satisfaction. Her analyst determined the p-value was 0.04. (Use α = 0.05.)

Based on the above output, what is the correct conclusion for the Wilcoxon Signed Rank Test?

a. We do not have evidence that there is a difference in population median employee satisfaction rating before and after the commission change.
b. We do not have evidence that there is a difference in sample median employee satisfaction rating before and after the commission change.
c. We have evidence that there is a difference in population median employee satisfaction rating before and after the commission change.
d. We have evidence that there is a difference in sample median employee satisfaction rating before and after the commission change.

Answers

Answer:

c. We have evidence that there is a difference in population median employee satisfaction rating before and after the commission change.

Step-by-step explanation:

Pvalue is less than the alpha-level:

If the pvalue is less than the alpha-level, we have that there is sufficient evidence of the hypothesis for the population mean/median/standard deviation we are testing.

In this question:

Pvalue less than the alpha-level, so there is evidence that there is a difference in the population median. This means that the correct answer is given by option C.

The correct conclusion is: c. We have evidence that there is a difference in population median employee satisfaction rating before and after the commission change.

The given parameters are:

[tex]\mathbf{p = 0.04}[/tex] --- the p-value

[tex]\mathbf{\alpha = 0.05}[/tex] --- the significance value or the alpha level

From the options, we understand that the test parameter is the population median

By comparison, the p-value (0.04) is less than the alpha level (0.05)

When the p-value is less than the alpha-level, then it means that there is enough evidence of the hypothesis for the population parameter that is being tested.

Since the p-value is less than the alpha level, then it means that there is enough evidence to show the difference in the population median.

Hence, option (c) is correct

Read more about hypothesis testing at:

https://brainly.com/question/17347077

Someone please help me! Write the equation in standard form!

Answers

Answer:

x^2+y^2=6^2

Step-by-step explanation:

The equation of a circle is (x-h)^2+(y-k)^2=r^2

where h is the x coordinate of the center, k is the y coordinate of the center, and r is the radius of the circle.

We can see the center is on 0,0, and the radius is 6, so our equation is

(x-0)^2+(y-0)^2=6^2

or

x^2+y^2=6^2

Answer:

[tex] x ^2 + y^2 = 36 [/tex]

Step-by-step explanation:

Center of the circle (h, k) =(0, 0)

Radius of the circle (r) = 6 units

Equation of circle in center radius form is given as:

[tex] (x-h) ^2 + (y-k) ^2 = r^2 [/tex]

[tex] (x-0) ^2 + (y-0) ^2 = (6)^2 [/tex]

[tex] x ^2 + y^2 = 36 [/tex]

find the missing length?

Answers

Answer:

16

Step-by-step explanation:

If triangle GFE is similar to triangle RST, using the similarity theorem

RS/RT = GF/EF

Using pythagoras theorem;

RT² = 10² - 6²

RT² =100 - 36

RT² = 64

RT = √64

RT = 8

Recall that RS/RT = GF/EF

10/8 = 20/EF

Cross multiply

10EF = 8 * 20

10EF = 160

EF = 160/10

EF = 16

Hence the missing length is 16

Lu is graphing the ordered pair (3, 5). Starting at the origin, what does she need to do?

Answers

Lu needs to move the right 3 units and up 5 units.

Answer:  

Lu needs to move the right 3 units and up 5 units.

Step-by-step explanation:

Which equation shows y = (x − 4)2− 3 written in standard form?

Answers

Answer:

2 x − y = 11

Step-by-step explanation:

This sphere has a radius of 3 cm. What is the surface area of the sphere?

Answers

Hope this helps! Mark brainly please!

The required surface area of the sphere is given as 113.1 cm².

Given that,
This sphere has a radius of 3 cm. The surface area of the sphere is to be determined.

What is surface area?

Surface area is defined as the measure of a region or surface is called as surface area.

Here,
The surface area of the sphere is given as,
The surface area of the sphere = 4πr²
                                                = 4 × 3.14 × 3²
                                                ≈ 113.1

Thus, the required surface area of the sphere is given as 113.1 cm².

Learn more about surface area here: https://brainly.com/question/2835293

#SPJ2

expand and simplify 2(3a-5b)+4(a+2b)

Answers

Answer:

[tex]10a - 2b[/tex]

That is the answer

The answer is 10a-2b

A meal in a restaurant costs the same for each person.
For 11 people the total cost is £253
What is the total cost for 12 people?​

Answers

The correct answer is £276

what is more 7921 ft or 3 / 2 miles​

Answers

Answer:

7,921

Step-by-step explanation:

If you get a calculator and put in 3 divided by 2, you will get 1.5 which is less than 7,921, by 7,919.5.

Alexandra invested $610 in an account paying an interest rate of 7 3/8% compounded

daily. Madeline invested $610 in an account paying an interest rate of 7 7/8%

compounded continuously. After 16 years, how much more money would Madeline

have in her account than Alexandra, to the nearest dollar?

Answers

Exact answer: 165.5754

Rounded to the nearest dollar: 166

Someone please answer this corectly!!

Answers

Answer:

I think the answer would be

8 < Rad 70 < 9

Step-by-step explanation:

Hope it was correct & helpful ^__^ .

You bought a magazine for $3 and some
candy bars for $5 each. You spent a total
of $28. How many candy bars did you
buy

Answers

Answer: you bought 5 candy bars

Step-by-step explanation:

total is 28 you subtract 3 for the magazine you bought & end up with 25 dollars & each candy bar is 5 so you divide the 25 by 5 & end up with 5

Find the volume (in cubic feet) of a rectangular moving van with length 12 feet, width 6 feet, and height 6 feet.

Answers

Answer:

Step-by-step explanation:

V = L * W * H

L = 12

W = 6

H = 6

Volume = 12 * 6 * 6

Volume = 432 cubic feet

Answer:

432 cubic feet

Step-by-step explanation:

To find the volume of a retangular prism or a rectangle you use L x W x H so that would be 12 x 6 x 6 which is 432. So the volume is 432 cubic feet

Corresponding Angles are congruent.
Which angle corresponds with <3?

Answers

Answer: Angle 8 corresponds with Angle 3

Question: Explain the Difference between an equation and an expression

Answers

Answer:

An expression is a number, a variable, or a combination of numbers and variables and operation symbols.

An equation is made up of two expressions connected by an equal sign.

Step-by-step explanation:

Find the area and perimeter of the following figure.

Answers

Answer:

AREA: 49.2 miles

PERIMETER: 49.2

Step-by-step explanation:

in finding the area, multiply by 4 the same because it has the same sizes, A=s⁴ or Side x side x side x side

In finding the Perimeter

you need to add 12.3 miles to four sizes or same sizes

P= 12.3 + 12.3 + 12.3 + 12.3

Which of the following scenarios is best represented by the scatter plot above?

Answers

Answer: B

Step-by-step explanation:

negative correlation so as x increases y decreases,

as population rises houses should rise, not A

as buildings rise, need more space and less trees, B is the answer

as cars rise population should rise, not C

no correlation, not D

Maryam has a coupon for 33% off her entire meal of 232.88 what is the discount.
help!

Answers

Answer:

$156.03

Step-by-step explanation:

33% = 33/100 = 0.33

First, multiply the total cost with 0.33:

232.88 x 0.33 = ~76.85 (round).

Subtract 76.85 from the original cost ($232.88):

232.88 - 76.85 = 156.03

Maryam's meal will cost $156.03 after the discount.

~

7. Construct Arguments Harriet says that it
is not possible to draw a quadrilateral that
is not a trapezoid and not a parallelogram.
Is Harriet correct? Explain why or why not.

Answers

Answer:

She is not correct because trapezoid and parallelogram are not the only type of Quadrilaterals.

Step-by-step explanation:

Quadrilaterals are basically 4 sided shapes. Examples include Square, rectangle, rhombus, parallelogram, trapezoid, kite e.t.c.

Now, Harriet is saying that it

is not possible to draw a quadrilateral that is not a trapezoid and not a parallelogram. This statement is wrong because aside trapezoid and parallelogram, I have listed other types of Quadrilaterals above that can be drawn.

What point's coordinates will not change signs whether it is reflected over the x-axis or the y-axls?​

Answers

Answer:

The origin (0,0)

Step-by-step explanation:

Does anyone know how to directly ask a tutor a question? It’s like the option to is gone. Answer asap please!

Answers

Answer:

Just find the button to ask a question. Search around for it.

Step-by-step explanation:

Answer find the button to ask a question.  you can search around for it

Step-by-step explanation:

Other Questions
Justin and Dan ordered a pizza Justin ate 1/4 and ate 3/8 of the pizza what fraction of the pizza is left please show how you got the answer Sally owns 145 shares of stock in a property management company. The current price of the stock is $42.17 per share. If the price of the stock decreases to $35.94 in the next month, how much did the value of Sally's shares decrease over the month? $903.35 $947.68 $925.78 $968.55 Why does Great Britain and France declare war on Germany? Explain. Using any method, find the area of the regular hexagon shown below. Show all work! Your final answer should be exact. Please help i will mark brainliest what is the answer to 3x + 2 = -19? thebakechocolate cookies in theoven. True or false: Reye's syndrome sometimes occurs following a viral illness when the child was treated with an antihistamine? the insurance premium of a new bus is Ghc 93.30 plus 15% of the insured value. what is the insurance premium of a bus whose insured value is Ghc 250.00? 22.4 L is the volume of any gas regardless of atmospheric conditions.O TrueO False . 2. Which has more atoms: 2.5 mol of calcium carbonate,CaCO3, or 3.5 mol of calcium hydroxide, Ca(OH)2 Landing Service is a lawn furniture company that has been around for many years. It is known for its ability to produce furniture more efficiently than any other company in the nation. In truth, no other companies in any other nation come close. Landing Service has shipped many of its products internationally. In fact, 80 percent of its profits come from international sales. However, the Italian government has imposed a tax on imported furniture items to protect local companies. The Brazilian government, on the other hand, has imposed taxes on Landing Service products due to the government wanting a piece of the pie.Landing Service initially thought that these taxes were unfair because it was being singled out. However, after Landing Service contacted the organization that had the power to mediate this situation, the furniture company realized that the taxation it was subjected to was legal and that there was nothing it could do about it.Refer to Landing Service. Because the company is known for its ability to produce lawn furniture more efficiently than any other company in the world, the company must have a(n) ____ advantage.a. totalb. relativec. comparatived. proportionale. absoluteRefer to Landing Service. What type of tax has the Brazilian government imposed on the company?a. Import dutyb. Embargoc. Revenue tariffd. Protective tariffe. Nontariff barrier Please answer and thank you Help me please Now, imagine that it is Friday night and you are hanging out at a friend's house with a few other people from school. Your friend's parents are in Alyeska night skiing and having dinner, they will not be home until nearly midnight. Your friend takes a six pack of beer out of the refrigerator and offers each person a beer.Describe three examples of effective and reasonable refusal skills in this situation. Please use complete sentences How does a catapult relate to potential and elastic energy? Explanation too and no links please! help pleaseee, i need this answer Evaculate 7/138/11. Will be marked brainliest A chocolate box made of cardboard is in the shape of a triangular prism. The prism's bases are isosceles triangles. The chocolate box has a decorative paper wrapper covering only its rectangular sides. A net of the chocolate box is shown below. How much decorative paper and cardboard are needed for the chocolate box, to the nearest hundredth of a square inch? Decorative paper: 30.5 in2; cardboard: 37.4 in2 Decorative paper: 30.5 in2; cardboard: 33.95 in2 Decorative paper: 34.5 in2; cardboard: 37.95 in2 Decorative paper: 34.5 in2; cardboard: 41.4 in2 helpppp pleaseeee thank you What would the numbers of microns be for this question?