Your goal is to create a college fund for your child. Suppose
you find a fund that offers an APR of 5% How much should
you deposit monthly to accumulate $170,000 in 15 years?
Answers
Answer:
the monthly payment is $636.02
Step-by-step explanation:
The calculation of the monthly amount deposited i.e. PMT is shown below:
GIven data
NPER = 15 × 12 months = 180
RATE = 5% ÷ 12 = 0.4167%
PV = $0
FV = $170,000
based on the above information
The formula is given below:
= PMT(RATE;NPER;PV;FV;TYPE)
After applying the given formula, the monthly payment is $636.02
Related Questions
Suppose a large labor union wishes to estimate the mean number of hours per month a union member is absent from work. The union decides to sammple 348 of its members at random and monitor the working time of each of them for 1 month. At the end of the month the total number of hours absent from work is recorded for each employee . if the mean and standard deviation of the sample are x = 7.5 hours and s = 3.5 hours, find a 99% confidence interval for the true mean number of hours a union member is absent per month. Round to the nearest thousandth.
A) 7.5 ± .258
B) 7.5 ± .186
C) 7.5 ± .026
D) 7.5 ± .483
Answers
Answer:
c
Step-by-step explanation:
A density curve for all the possible weights between 0 pounds and 1000
pounds is in the shape of a rectangle. What is the height of the rectangle in
this density curve?
O A. 0.01
B. 0.0001
C. 0.001
O D. 0.1
SUBMIT
Answers
Is answer
A train leaves Miami at 4:00 PM. A second train leaves the same city in the same direction at 8:00 PM. The second train travels 124mph faster than the first. If the second train overtakes the first at 10:00 PM, what is the speed of each of the two trains?
Answers
If we call the speed of the slower train S and the speed of the faster train F then
S x 6 hours = F x 2 = (S + 124) x 2
6S = 2S + 248
4S = 248
S = 62
So the slow train is travelling at 62mph and the fast train at 186mph
Talk to me! How are you doing?
Answers
Step-by-step explanation:
we good and you.........
Answer:
Im doing great:) Just finishing up school work! And you ?
Step-by-step explanation:
ANSWER AND STEPS PLEASE. HELP
A cone sits inside a cylinder, as shown. They share the same height and radius. What is the volume
of the cylinder not taken up by the cone? Use 3.14 for π.
Answer Choices
75.36 in.3
150.72 in.3
226.08 in.3
301.44 in.3
Answers
Answer:
A. 75.36 in^3
Step-by-step explanation:
r =3 in
h=8 in
v=1/3 π r^2h
= 1/3×3.14×3×8
=75.36 in^2
hope it helps...
have a great day!!
Suppose that a random sample of eighteen recently sold houses in a certain city has a mean sales price of , with a standard deviation of . Under the assumption that house prices are normally distributed, find a confidence interval for the mean sales price of all houses in this community. Then find the lower limit and upper limit of the confidence interval.
Answers
This question is incomplete, the complete question is;
Suppose that a random sample of eighteen recently sold houses in a certain city has a mean sales price of $280,000, with a standard deviation of $10,000. Under the assumption that house prices are normally distributed, find a 95% confidence interval for the mean sales price of all houses in this community. Then find the lower limit and upper limit of the confidence interval.
Answer:
At 95%, confidence interval is ( 275026.7, 284973.3 )
Hence;
Lower limit = 275026.7
Upper limit = 284973.3
Step-by-step explanation:
Given that;
mean x = $280,000
standard deviation σ = $10,000
sample size n = 18
degree of freedom df = n - 1 = 18 - 1 = 17
∝ = 1 - 95% = 1 - 0.95 = 0.05
so
Critical t value = tinv( 0.05, 17 ) = 2.11
now, at 95% confidence interval for mean will be;
⇒ x ± [ Critical t value × ( σ/√n) ]
so we substitute
⇒ 280,000 ± [ 2.11 × ( 10000/√18) ]
⇒ 280,000 ± [ 2.11 × 2357.0226 ]
⇒ 280,000 ± 4973.3
⇒ 280000 - 4973.3, 280000 + 4973.3
At 95%, confidence interval is ( 275026.7, 284973.3 )
Hence;
Lower limit = 275026.7
Upper limit = 284973.3
Find the conjugate and product of
i3 + i7
Answers
Answer:
Complex conjugate: 2i Product: -2ihelp screenshot below
Answers
Hope this helped! :)))
PLEASE HELPPP THIS TWOOO
Answers
Answer:
learning task 3.4
1) p-3
2) (8÷d)+6
3) 11-(9×4)
4) 4÷2
5) (10+6)÷4
Type your answer into the box.
240 people are going to a charity event.
3/5 of the guests have ordered chicken for their meals.
Of the remaining guests, 12.5% have ordered gluten-free meals
How many people haven't ordered their meals yet?
Answers
Answer:
84 people
Step-by-step explanation:
Which image below shows a line?
Answers
Answer:
where is the Picture?? I need to see the image to answer.
7% of 200 is what number?
Answers
Answer:
7% of 200 is 14
Step-by-step explanation:
200 × 7 ÷ 100
1400 ÷ 100 = 14
Thus, 7% of 200 is 14
-TheUnknownScientist
Answer:
14
Step-by-step explanation:
7% is equivalent to 0.07
200 x 0.07 = 14
Select the correct answer.
Gary's school won 70% of the basketball games played on their home court. What is the estimated probability that his school will win exactly one of the next three games at home?
Use the table to answer the question. The table shows the results of simulating this situation using a random number generator.
The numbers 0 to 6 represent a win on the home court, and 7 to 9 represent a loss on the home court.
479 787 293 926 807 398 730 994 718 184 978 400 904 488 508 241 729 673 178 982 556 355 137 241 430 500 379 811 147 260 250 704 631 109 287 172 870 124 557 192 803 588 674 856 678 385 981 830 972 949
A.) 0.04
B.) 0.10
C.) 0.34
D.) 0.60
Answers
Answer:
Step-by-step explanation:
0.34
solve for x using the quadratic formula. x^2+9x+20=0
Answers
Answer: x= -4,-5
Step-by-step explanation:
Answer:
Step-by-step explanation:
I can help
Step 1
factor the left sides of the equation
Then you will get (x+4)(x+5)=0
Step 2
You will have to set the factors equal to 0
x=-4 or x=-5
Hope this helped
Mrs smith earns 3,500$ a month. She saves 280$ a month. Savings is what percent of her income
Answers
Answer:
8%
Step-by-step explanation:
(there's many percentage calculators online) basically just look up "what percent is 280 of 3500')
Select the coefficents in the expression: 5x + 4 - 2x -1 *
Answers
Answer:
When you solve it, the leading coefficient is 3.
Step-by-step explanation:
Combine Like Terms:
=5x+4+−2x+−1
=(5x+−2x)+(4+−1)
=3x+3
Hope it helps :)
Answer:
The coefficients are 5, 4, 2 and -1
Step-by-step explanation:
Coefficients are the whole numbers
In the first week of July, a record 1,100 people went to the local swimming pool. In the second week, 100 fewer people went to the pool than in the first week. In the third week, 130 more people went to the pool than in the second week. In the fourth week, 350 fewer people went to the pool than in the third week. What is the percent decrease in the number of people who went to the pool over these four weeks?
Answers
View the work below from a student last year. What was their mistake? Be detailed in their response.
-3(x + 4) = 2x - 5
-3x + 4 = 2x - 5
4 = 5x - 5
9 = 5x
1.8 = x
Answers
-3(x+4)=2x-5
-3x+12=2x-5
-5x=7
x=-7/5 or x=-1 2/5 or x=-1.4
Find the circumference of the circle and round to the nearest tenth
Answers
Step-by-step explanation:
Circumference of Circle =
[tex]2\pi \: r[/tex]
given d = 19.4mi
r = 1/2d
= 1/2 x 19.4
= 9.7mi
Circumference of Circle =
[tex]2\pi(9.7) \\ = 19.4\pi \\ = 60.9mi \: (nearest \: tenth)[/tex]
HELP PLEASE A total of 29 bills amounts to $73.00. If there are only $1 and $5 bills, how many of each are there?
Answers
Answer:
18 $1 bills and 11 $5 bills.
Step-by-step explanation:
First, we use the guess-and-check method.
$5X29=$145
Then, $5-$1=$4.
$145-$73=$72
$72 divided by 4 is 18.
29-11=18
11x$5=$55
$1x18=$18
$55+18=73.
what is the measure of angle r in triangle QRS shown below, given r=10 q=20 and Q=100 round answer to the nearest tenth
HELP PLEASE
Answers
Answer:
29.3°Step-by-step explanation:
Given triangle QRS with:
∠Q = 100° is opposite to q = 20∠R = ? is opposite to r = 10Use the law of sines to solve:
sin 100 deg / 20 = sin x / 100.98 / 2 = sin ∠R (rounded)sin x∠R = 0.49∠R = arcsin 0.49∠R = 29.3° (rounded)Answer:
29.5
Step-by-step explanation:
original had 29.3 which is not an option. 29.5 is right.
What is the equation of the given line?
A. Y = -4x
B. X = 4
C. X = -4
D. Y = -4
Answers
Explanation-
The equation goes across the Y axis not the X axis, therefore, you can eliminate B and C. There also is no slope so there should be no variable after the number. You can also eliminate A from there. Leaving you with the correct answer, D.
How many centimeters does it grow Bamboo grows 91 centimeters per day. per hour? (GIVING BRAINLIEST)
Answers
Answer:
3.79 centimetres
Step-by-step explanation:
1 day = 24 hours
91 ÷ 24 = 3.79 centimetres
Answer:
if the question you're asking is how many cm does bamboo grow per hour, then around 3.81 cm per hour.
Share R600 amongst Tom, Paul and Anne in the ratio : 3:4:5 respectively.
Answers
Step-by-step explanation:
Total Shares = 3 + 4 + 5 = 12 shares
12 Shares = R600
(12÷12) Share = R(600÷12)
1 Share = R50
(1×3) Shares = R(50×3)
3 Shares = R150
4 Shares = R(50×4) = R200
5 Shares = R(50×5) = R250
Tom Gets R150.
Paul gets R200.
Anne gets R250.
What is its potential energy when compressed by 0.25 m?
a. 1.25 Joules b. 33.33 Joules
c. 8.33 Joules d. 5.0 Joules
Answers
Omg please help me.
Answers
Answer:
y=9.75x+60
Step-by-step explanation:
We want our equation to look like y=mx+b
Let's start out by calculating the slope
[tex]\frac{118.5-89.25}{6-3}=9.75[/tex]
we have
y=9.75x+b
we know that when x= 3 y= 89.25
89.25=9.75(3)+b
solve for b = 60
For a 3-person relay race, a
coach can choose from 4 of
his top runners. How many
different 3-person teams can
he choose?
Answers
Answer:
12
Step-by-step explanation:
Answer:
12
Step-by-step explanation:
3 x 4 = 12
Can someone help me out pls.
What was done to the previous equation?
A) 2x – 10. <--original equation
B) 11x – 10
C) -8 + 11x – 2
D) -8 – 11x – 2
E) -8 + 6x + 5x – 2
F) -8 – 3x + 5x – 2
Answers
Ok ill answer the question but do you want me to evaluate it or find it to the simplest form ?
( 7x + 1/2) + ( 7x - 7 and 1/2) Simplify
Answers
Answer:
The answer will be 7(2x - 1)
Step-by-step explanation:
1) Convert 7 and 1/2 to improper fraction. Use this rule: a b/c = ac + b/c
[tex]7x + \frac{1}{2} + 7x - \frac{7 \times 2 + 1}{2} [/tex]
2) Simplify 7 × 2 to 14 .
[tex]7x + \frac{1}{2} + 7x - \frac{14 + 1}{2} [/tex]
3) Simplify 14 + 1 to 15.
[tex]7x + \frac{1}{2} + 7x - \frac{15}{2} [/tex]
4) Collect like terms.
[tex](7x + 7x) + ( \frac{1}{2} - \frac{15}{2} )[/tex]
5) simplify.
[tex]14x - 7[/tex]
6) Factor out the common term 7.
[tex]7(2x - 1)[/tex]
Therefor, the answer is 7( 2x - 1 ).
Is x = 2 a linear of function
Answers
Answer:
Yes it is.
Step-by-step explanation:
Because 2 has no exponents.
