In order to accumulate enough money for a down payment on a car, Karl deposits $100 per month into an account paying 1.75% compounded monthly. If payments are made at the end of each period, how much In order to accumulate enough money for a down payment on a car, Karl deposits $100 per month into an account paying 1.75% compounded monthly. If payments are made at the end of each period, how much money will be in the account in 18 months? How much interest will Karl have earned? Total amount: Interest earned:

Answers

Answer 1

1. If payments are made at the end of each period, the amount of money that will be in the account in 18 months (future value) is $2,094.46.

2. The total interest that Karl earned will be $294.46.

3. Total amount: $2,094.46

Interest earned = $294.46

What is the future value?

The future value is the future cash deposits compounded at an interest rate for a period.

The future value can be computed using the future value table or future value formula.  It can also be computed using an online finance calculator.

N (# of periods) = 18 months

I/Y (Interest per year) = 21% (or 1.75% monthly)

PV (Present Value) = $0

PMT (Periodic Payment) = $100

Results:

Future Value (FV) = $2,094.46

Sum of all periodic payments = $1,800 ($100 x 18)

Total Interest = $294.46

Thus, the total future amount in the account will be $2,094.46 with an interest of $294.46.

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Related Questions

A sloth travels about 7 feet every minute. Generate the set of ordered pairs for the ratio relationship between the total distance traveled y and the number of minutes x for a total of 1, 2, 3, and 4 minutes.

Answers

Answer:

(1, 7)

(2, 14)

(3, 21)

(4, 28)

Step-by-step explanation:

A game of Blackjack or “21” is played with a regular deck of cards. The aim of the game is to have cards that add up to 21. The cards are not replaced to the deck once they have been drawn. If you draw two cards in a row, what is the probability of getting 21, when first card you get is an ace and the second card is a queen?

Answers

The probability of getting 21, when first card is an ace and the second card is a queen = 0.024133.

The term blackjack means that you get a value of 21 with only two cards.

Number of cards in a deck of cards = 52

There are 4 types of cards in a deck of cards - spades, clubs, hearts, and diamonds, out of which spades and clubs are black in colour.

Given that first card is Ace and second one is a Queen.

Odds of getting an Ace are 4/52, odds of the next being Queen is 16/51.

P(blackjack)=4×16/(52/2).

where P is used for probability .

Probability: Probability is simply how likely something is to happen. Whenever we are unsure about the outcome of an event, we can talk about the probabilities of certain outcomes. The analysis of events governed by probability is called statistics.

Probability of getting an ace followed by a queen card: 4/52 * 16/51 = 0.024133.

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A set of three scores consists of the values 3, 7, and 2. Σ2(X – 3) =

Answers

Answer:

6

Step-by-step explanation:

[tex]\sum 2(X-3)=2(3-3)+2(7-3)+2(2-3)=0+8-2=6[/tex]

never got taught this.

Answers

Answer:

|-5| is equal to 5 because absolute value is the distance from 0

Step-by-step explanation:

Divide the fractions. ½÷⅞​

Answers

Answer:1/2 / 7/8 = 8/14 = 4/7

Step-by-step explanation: switch the numbers on the second fraction and multiply. 1 * 8 = 8 2 * 7 = 14, 8/14 simplify: 4/7

Use an integer to describe the
situations.
6 meters
above sea level
sea level

Answers

An integer to describe 6 meters above the sea level would be [tex]+6[/tex] meters.

As per the question statement, We are supposed to use an integer to describe the following situation "6 meters above sea level".

We assume that sea level is the datum line and anything above that would be positive and below that would be negative.

So 6 meters above the sea level can be described as [tex]=6meters[/tex].

Integers: Set of whole number containing both positive and negative values of it.

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Anna solves the expression 6(5+3) and gets the result 48. Jojo solves the same expression and gets the result 33. Who is correct?

Answers

Answer:

Anna is correct.

Step-by-step explanation:

Using PEMDAS, you need to add the terms in the parentheses first.

After adding, you get 8×6 = 48

Jojo made the mistake of multiplying 6 and 5 first, and then adding 3.

Thunder from a bolt of lightning travels 1/10 mile in 1/2 second. At this rate, how many miles can it travel in one second?

Answers

Answer:

1/5 mile

Step-by-step explanation:

1/10 mile in 1/2 second

This can be written as a ratio:

1/10 mile : 1/2 second

We need the ratio in terms of 1 second, so multiply both numbers in the ratio be 2.

2 × 1/10 mile : 2 × 1/2 second =

= 2/10 mile : 1 second

= 1/5 mile : 1 second

Answer: 1/5 mile

Solve For x
[tex] \tt \red{4x + 2 = -8}[/tex]







Thank uh ~​

Answers

x=-2.5
Step by step explanation

Answer:

The answer will be -5/2.

Step-by-step explanation:

[tex]4x + 2 = - 8 \\ subtracting \: 2 \: from \: each \: sides \: we \: get \\ 4x + 2 - 2 = - 8 - 2 \\ 4x = - 10 \\ diving \: both \: sides \: by \: 4 \: we \: get \\ \frac{4x}{4} = \frac{ - 10}{4} \\ x = \frac{ - 5 \times 2}{2 \times 2} \\ x = \frac{ - 5}{2} [/tex]

PLEASE ANSWER AND will report if your answer is wrong/incorrect

Answers

it is A because you are going up and down on the grid

A surveyor is estimating the distance across a river. The actual distance is 279.8 m. The surveyor's estimate is 300 m.
Find the absolute error and the percent error of the surveyor's estimate. If necessary, round your answers to the nearest tenth.

Absolute Error = ___ m

Percent Error = ___%​

Answers

Answer:

Absolute error = 20.2m

% error = 6.73%

Step-by-step explanation:

Absolute error = 300-279.8= 20.2m

% error = 20.2 ÷ 300 = 6.73%

A researcher who is interested in the behavior of chimps believes that temperature is related to aggression in this species of animal. She goes out to her local zoo during a particular weekend and adjusts the temperature of their climate-controlled habitat to 50-degrees, 70-degrees and 90-degrees Fahrenheit over the course of three days, noting the number of aggressive acts she observes at each temperature level.
A) What is the independent variable?
B) What is the dependent variable?
C) Is the dependent variable discrete or continuous?
D) What scale of measurement (nominal, ordinal, interval or ratio) is used to measure the dependent variable? What research method is being used (experimental or observational), and why?

Answers

The experimental research conducted by the scientist takes into account the following factors:

a)The change in temperature is the independent variable.

b) The effect of temperature on the chimp's act of aggression is the dependent variable.

c)The dependent variable is continuous.

d)The scale of measurement used to measure the dependent variable is interval.

e) The research method being used here is experimental.

In the above experiment the researcher wants to see the change in the aggression of the chimp when there is a change in temperature in the zoo.

In this experiment there are two variables that are being used, independent and dependent.The independent variable is the change in temperature as it is regulated by the researcher.The dependent variable is the change in the aggressive nature of the chimps, as the change in nature is directly affected by the change in temperature.   The dependent variable(mood of the chimp) is continuous, as the value cannot be defined separately.Since the data is not discreet but continuous , the scale of measurement used is interval.The research method being used is experimental , because the researcher is controlling the variable temperature to see the effect of the temperature change on the chimps. So the researcher is directly experimenting on the chimps by changing an external factor. So the experiment is not observational.

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​Betsy, a recent​ retiree, requires ​$6,000 per year in extra income. She has ​$60,000 to invest and can invest in​ B-rated bonds paying ​13% per year or in a certificate of deposit​ (CD) paying 5​% per year. How much money should be invested in each to realize exactly ​$6,000 in interest per​ year?

Answers

$37,500 should be invested in B-rated bonds and $22,500 should be invested in a certificate of deposit in order to realize exactly $6,000 in interest per year.

The total amount to be invested is $60,000. We are given two options for investing the money.The money can be invested either in B-rated bonds, which pays ​13% interest per year, or in a certificate of deposit​ (CD), which pays 5​% interest per year.Let the amount to be invested in B-rated bonds be 'x'. The amount to be invested in a certificate of deposit equals 60,000-x. The requirement is to get an exact amount of interest that equals $6000. The total interest per year = 13% of 'x' + 5% of (60,000-x).6,000 = 13x/100 + 5(60,000-x)/100.6,00,000 = 13x + 5(60,000-x)6,00,000 = 13x + 300,000-5x6,00,000 = 8x + 300,0008x = 300,000x = 300,000/8x = 37,500Now calculate the value of 60,000-x.60,000-x = 60,000-37,50060,000-x = 22,500Thus, the amount to be invested in B-rated bonds is $37,500 and the amount to be invested in a certificate of deposit is $22,500.

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The sales tax in Jorge's state is 7%. Jorge bought a Ford Mustang having a sales tax of $1,928.22. What was the cost of the car?

Answers

The cost of the car is $27,546

How to calculate the cost of the car ?

The sales tax is 7%

Jorge bought a ford mustang having a sales tax of $1,928.22

Therefore the cost of the car can be calculated as follows

1928.22÷ 7/100

= 1928.22/0.07

= 27,546

Hence the cost of the car is $27,546

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Which mixed number is equivalent to the improper fraction?
37
3
O A. 12
OB. 3/1/2
O C. 10
3
OD. 12/

Answers

Answer:

Mixed fractions is equivalent to improper fraction both A and C

A. 12 1/3

C. 10 7/3

Scott rented a truck for one day. There was a base fee of $18.99, and there was an additional charge of 92 cents for each mile driven. Scott had to pay $150.55 when he returned the truck. For how many miles did he drive the truck?

I need to find how many miles ​

Answers

Answer:

143 miles

Step-by-step explanation:

Let x = number of miles

Let y = total cost

150.55 = .92x + 18.99  Multiply all the way through by 100 to clear the decimal

15055 = 92x + 1899  Subtract 1899 from both sides

13156 = 92x  Divide both sides by 92

143 = x


Suppose you are drawing a scaled copy of a triangle with one of the sides measuring 5 centimeters. If
you are using a scale factor of 2, how long will the corresponding side of the scaled copy be?
It will be 10
It will be
cm²
How long will the corresponding side of the scaled copy be if you use a scale factor
ctor of /?
It will be 12-1/2
long.
1³/?
How long will the corresponding side of the scaled copy be if you use a scale factor of
mm²
long.
vlong.

Answers

Answer:

spam

Step-by-step explanation:

spam spam spam

Is this argument inductive or deductive?
"Whenever I get off at Valencia rather than McBean, I get to campus faster. So Valencia must be
the faster route to school."

Answers

Answer:

Step-by-step explanation:

Indutivo

Choose the correct statement.
-2 < -3
1 = -1
5 > -6

Answers

The statement 5 > -6 is the correct statement.

In this question, we have been given some mathematical statements.

We need to select the correct statement.

We know that, on the number line , numbers to the right are greater than numbers to the left.

Consider 1st statement

-2 < -3

If we see these numbers on the number line, then -2 is right to -3. This means, -2 is greater than -3.

So, above statement is False.

Consider 2nd statement

1 = -1

If we see these numbers on the number line, then we can observe that both the numbers are not equal.

So, above statement is False.

Consider 3rd statement

5 > -6

If we see these numbers on the number line, then 5 is right to -6. This means, 5 is greater than -6.

So, above statement is True.

Therefore, the statement 5 > -6 is the correct statement.

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What is the slope of the line represented by the equation y =4/5x-3?

Answers

Answer:

4/5 is the slope of the line

Identify at least two hidden assumptions in the following argument.
I recommend giving to the Charity A because it supports so many worthwhile causes.
Which of the following are hidden assumptions for this argument? Select all that apply.
A. Giving to Charity A is better than giving to Charity B.
B. The money you give is spent on worthwhile causes.
C. Charity A does not support unworthy causes.
D. Charity A supports worthwhile causes.

Answers

Answer:

A, B, C yes

D no

Step-by-step explanation:

A. is a no-brainer. yes, that is indirectly implied.

B. this is compared to D a hidden assumption, that the money you give is guaranteed to be spent on worthwhile causes (not to mention what THAT actually means).

C. this goes combined with B. it is suggested that charity A is not engaging in unworthy causes (again, whatever that means).

D. is not hidden. that is openly said.

3/4 - 5/8 step by step

Answers

Answer:

1/8

3/4 - 5/8

*2/2

6/8 - 5/8 = 1/8

Step-by-step explanation:

In 2016, 6.76% (1,026) of Cincinnati college and university graduates majored in Registered Nursing. That combined statement provides both the percentage (6.76%) and the number (1,026) of Cincinnati college and university students who majored in Registered Nursing in 2016. Based on that statement, how many students graduated from Cincinnati universities and colleges altogether in 2016? Round to the nearest whole number.

Answers

The total number of students who graduated from the Cincinnati universities and colleges are 15382.

We are given that 6.76 % of Cincinnati college and university graduates majored in Registered Nursing.

The number of the Cincinnati college and university graduates who majored in Registered Nursing = 1026.

We need to find the total number of students that graduated from the Cincinnati universities and colleges altogether in 2016.

Let the total number of students be x.

ATQ:

6.67 % x = 1026

6.67 x = 102600

667 x = 10260000

x = 10260000 / 667

x = 15382.309

Rounding off to the nearest whole number is:

x = 15382.

Therefore, we get that the total number of students who graduated from the Cincinnati universities and colleges are 15382.

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Janayea wanted to change 0.079 to a percent. She changed it to 79%. Which statement is true?
A) Janayea Is Correct?
B) Janayea should have moved the decimal point 0.079 two places to the left to get 0.00079%.
C) Janayea should have moved the decimal point of 0.079 two places to the right to get 7.9%.​

Answers

Answer:

Janayea should have moved the decimal point 0.079 two places to the left to get 0.00079%.

What is the simplified form of (-5+21) -(5-31)?
A
-10-i
B
-10+5i
- i
5i

WILL GIVE BRIANLIEST

Answers

B -10+5i
Hope this helps

Rectangle ABCD is shown on the grid.
A
(-1,4) 14
3
+2+
4
-6-5-4-312-3₁
(-3-b
B(3,3)
34
C(1-5)
X
What is the area of rectangle ABCD in square units?
O 3√17 square units
O 6√17 square units
O
17 square units
O 34 square units

Answers

well, we know it's a rectangle, so we know the opposite sides are perpendicular, so if we just get say the sides AD as its length and BA as its width, that'd give us its area, since it'll just be AD * BA.

[tex]~\hfill \stackrel{\textit{\large distance between 2 points}}{d = \sqrt{( x_2- x_1)^2 + ( y_2- y_1)^2}}~\hfill~ \\\\[-0.35em] ~\dotfill\\\\ A(\stackrel{x_1}{-1}~,~\stackrel{y_1}{4})\qquad D(\stackrel{x_2}{-3}~,~\stackrel{y_2}{-4}) ~\hfill AD=\sqrt{(~~ -3- (-1)~~)^2 + (~~ -4- 4~~)^2} \\\\\\ ~\hfill AD=\sqrt{( -2)^2 + ( -8)^2}\implies \boxed{AD=\sqrt{68}} \\\\\\ B(\stackrel{x_1}{3}~,~\stackrel{y_1}{3})\qquad A(\stackrel{x_2}{-1}~,~\stackrel{y_2}{4}) ~\hfill BA=\sqrt{(~~ -1- 3~~)^2 + (~~ 4- 3~~)^2}[/tex]

[tex]~\hfill BA=\sqrt{( -4)^2 + (1)^2} \implies \boxed{BA=3} \\\\[-0.35em] ~\dotfill\\\\ \stackrel{\textit{\LARGE Area}}{(\sqrt{68})(3)\implies (\sqrt{2^2\cdot 17})(3)}\implies (2\sqrt{17})( 3)\implies \LARGE \begin{array}{llll} 6\sqrt{17} \end{array}[/tex]

The Burger Joint expects to serve 250 hamburgers on Saturday evening. Each hamburger weighs 6
ounces before it is cooked. The chef orders ground beef in bulk by the pound from Outwest Meats,
ready to be formed into hamburger patties by the kitchen staff. How much ground beef will the chef
need to order to prepare for Saturday?

Answers

Answer:150 ounces

Step-by-step explanation:

A bookcase is to have 4 shelves including the top as pictured below.
The width is to be 14 feet less than 3 times the height. Find the width and the height if the carpenter expects
to use 28 feet of lumber to make it.
Width:
feet
Height:
feet
Question Help: Video

Answers

Answer:

w= 3 feet

h= 5 feet

Step-by-step explanation:

H=height; W=width=2H-7ft

W=2H-7ft

2H+4W=22ft Substitute for W

2H+4(2H-7ft)=22ft

2H+8H-28ft=22ft Add 28 ft to each side.

10H=50ft

H=5 ft ANSWER 1: The bookshelf is 5 feet high.

W=2H-7ft=2(5ft)-7ft=10ft-7ft=3ft

ANSWER 2: the bookshelf is 3 feet wide.

CHECK:

2H+4W=22ft

2(5ft)+4(3ft)=22ft

10ft+12ft=22ft

22ft=22ft

Hope this helps!

(33) MOVIES Chaz has a collection of 15 movies downloaded on his media player. He decides to download 3 more movies each month. The function M(t) = 15 + 3t counts
the number of movies M(t) he has after t months. How many movies will he have after
8 months?

Answers

Answer: 39

Step-by-step explanation: 15 is the number of movies he has already. The t in the formula stands for months. So simply plug in 8 for t because we want to know how much has has after 8 months

15+3(8)

15+24

=39


6 less the quantity 9 times a number

Answers

hi

with " x' a number then  :  

6 -9X

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