Sophia is going to invest in an account paying an interest rate of 3.4% compounded monthly. How much would Sophia need to invest, to the nearest dollar, for the value of the account to reach $1,450 in 14 years?

Answers

Answer 1

Answer:

To calculate the amount Sophia needs to invest to reach a certain value in a specific time, given an interest rate compounded monthly, we can use the formula:

A = P(1 + r/n)^(nt)

Where:

A = the future value of the investment

P = the initial principal or investment amount

r = the annual interest rate (expressed as a decimal)

n = the number of times the interest is compounded per year

t = the number of years the investment is held

Since the interest is compounded monthly, we need to divide the annual rate by 12 to find the monthly rate. So:

r/12 = 0.034/12 = 0.002833

Now we can plug in the values into the formula:

A = P(1 + 0.002833)^(12*14)

A = P(1.002833)^(168)

We know that A = $1,450 and we want to find P (the initial principal or investment amount).

So we can rearrange the equation to find P:

P = A/(1.002833)^(168)

Solving for P, we get:

P ≈ $973.99

So Sophia would need to invest around $973.99 to reach $1,450 in 14 years with an annual interest rate of 3.4% compounded monthly.

Step-by-step explanation:


Related Questions

One angle of a triangle measures twice the smallest angle. The third angle measures five more than twice the smallest angle. Find the measure of the smallest angle.

Answers

Answer: The smallest angle is 35°

Step-by-step explanation:

1 angle: 2x

smallest angle: x

third angle: 2x + 5

all angles in a triangle add up to 180 degrees. Therefore,

2x+x+2x+5 = 180

5x+5=180

5x+5(-5)=180(-5)

5x = 175

5x/5 = 175/5

x = 35

The smallest angle is 35°

A side of a regular polygon is 10cm. If each interior angle is 156. Calculate its perimeter.​

Answers

Answer:

  150 cm

Step-by-step explanation:

The total of exterior angles is 360°. We can use this fact to find the number of sides. The perimeter is the total length of all of the congruent sides.

Exterior angles

The measure of an exterior angle of the regular polygon is the supplement of the adjacent interior angle:

  exterior angle = 180° -156° = 24°

The total of n of these angles is 360°, so n is ...

  24°×n = 360°

  n = 360°/24° = 15

The polygon has 15 exterior angles, hence 15 sides

Perimeter

The perimeter is the total length of the 15 congruent sides:

  P = 15×(10 cm) = 150 cm

The perimeter of the regular polygon is 150 cm.

On Friday a local hamburger shop sold a combined total of 460 hamburgers and cheeseburgers The number of cheeseburgers sold was three times the number of hamburgers sold how many hamburgers were sold Friday

Answers

The local hamburger shop sold 115 hamburgers and 345 cheeseburgers on Friday.

What is an equation?

An equation is an expression that shows the relationship between two or more variables and numbers.

Let x represent the number of hamburger sold and y represent the number of cheeseburgers sold, hence:

x + y = 460    (1)

Also:

y = 3x       (2)

From both equations:

x = 115, y = 345

The local hamburger shop sold 115 hamburgers and 345 cheeseburgers on Friday.

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Y=x2+1 ordered pairs

Answers

The ordered pairs of the function are (0,1), (1,2), (2,5), (3,10) and (4,17)

How to determine the ordered pairs?

The function is given as:

y = x^2 + 1

the ordered pairs are the x and y values of the function

So, we stet x = 0, 1, 2, 3 and 4

y = 0^2 + 1 = 1

y = 1^2 + 1 = 2

y = 2^2 + 1 = 5

y = 3^2 + 1 = 10

y = 4^2 + 1 = 17

Hence, the ordered pairs of the function are (0,1), (1,2), (2,5), (3,10) and (4,17)

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Consider the following functions. f=[(-1,1),(1,-2),(3,-4) and g=[(5,0),(-3,4),(1,1),(-4,1)} Find (f-g)(1) =

Answers

The difference between the functions give:

(f - g)(1) = f(1) - g(1) = -3

How to find the difference between the functions?

For two functions f(x) and g(x), the difference is defined as:

(f - g)(x) = f(x) - g(x).

Then:

(f - g)(1) = f(1) - g(1)

By looking at the given tables, we know that:

f(1) = -2

g(1) = 1

Replacing that we get:

(f - g)(1) = f(1) - g(1) = -2 - 1 = -3

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3 On Saturday Keisha ran 35
she ran 41 kilometers. How much farther did she run on
Saturday than on Sunday?

Answers

By subtracting decimals, how much farther she ran on Saturday than on Sunday is determined as: 1.078 kilometers.

How to Subtract Decimals?

When subtracting decimals, the number value is taken into consideration.

Distance ran by Keisha on Saturday = 3.218 kilometers.

Distance ran by Keisha on Sunday = 2.41 kilometers.

Subtract both decimals to determine how much farther she run on Saturday than on Sunday.

3.218 - 2.14 = 1.078 kilometers.

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evaluate f(x)=4|x|+3 for x=-5

Answers

Subs x = -5 into f(x) = 4

f(-5) = 4 (answer)

How do i plot 3 points on a graph when all I am given is "x=4" ? and I need to find "x and y" for 3 points.​

Answers

Answer:

(4,-1) (4,0) (4,1)

Step-by-step explanation:

If you graph this, it will be a straight vertical line.  No matter what y is, x will always be 4.

(-11x+3)-2(-11/4x-5/2)= simplify it

Answers

Answer:

(+22x^2+16x+11)/(2x)

please help me! i’m really confused on this because i keep getting -5 outside the thing

Answers

Answer: D.

Step-by-step explanation: First you find the common factor, which is 5x³y. Then you write in parenthesis what's left over from each term. So  the answer should look like: 5x³y(-3x⁵-4z+9).

A lawn can be mowed by 8 people in 6 hours. If 3 people take the day off and do not help mow the grass, how many hours will it take to mow the lawn? Please show me how you figured this out.

A. 6 2/5
B. 9 3/5
C. 2 1/4
D. 5 1/2

Answers

If 3 people take the day off, they will need (9 + 3/5) hours to mow the lawn. The correct option is B.

How many hours will it take to mow the lawn?

Let's say that each person works at a rate R.

8 people can mow the lawn in 6 hours, then we can write:

(8*R)*6 hours = 1 lawn.

Solving for R:

R = (1/48 lawns per hour).

If 3 people take the day off, then the lawn is mowed by 5 people in a time T, then we need to solve:

(5*R)*T = 1 lawn.

Replacing the value of R:

(5/48 lawns per hour)*T = 1 lawn.

Then we have:

T = (48/5) hours.

We can rewrite that as:

T = (45/5 + 3/5) hours

T = 9 + 3/5 hours.

Then we conclude that the correct option is B.

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WILL GIVE BRAINLIEST
1. Write an expression for each of the following:

a. the sum of 6 and z

b. the difference between 20 and x

c. 8 less than the quotient of x divided by 6

d. x increased by 5 divided by 4

Answers

The expressions for each of the given statements are

a. 6 + z

b. 20 - x

c. x/6 - 8

d. x + 5/4

Writing an expression

From the question, we are to write an expression for each of the given statement

a. the sum of 6 and z

That is,

6 + z

b. the difference between 20 and x

That is,

20 - x

c. 8 less than the quotient of x divided by 6

That is,

x/6 - 8

d. x increased by 5 divided by 4

That is,

x + 5/4

Hence, the expressions for each of the given statements are

a. 6 + z

b. 20 - x

c. x/6 - 8

d. x + 5/4

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How do i convert the follwing Powers Of Ten into standard numbers?


[tex]10^{7}[/tex]

[tex]10^{5}[/tex]


[tex]10^{8}[/tex]

[tex]10^{12}[/tex]

[tex]10^{6}[/tex]

Answers

The standard numbers are obtained from the given numbers as follows;

10⁷ → 1000000010⁵ → 10000010⁸ → 10000000010¹² → 100000000000010⁶ → 1000000

Which method can be used to express the numbers in standard form?

The standard form of numbers is obtained by expressing the number completely and not using powers of 10

The given numbers in powers of 10 can be expressed in standard form by writing the specified number of zeros next to 1 given by the power of 10 as follows;

Number → Standard form

10⁷ = 1000000010⁵ = 10000010⁸ = 10000000010¹² = 100000000000010⁶ = 1000000

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One yellow daisy and two pink carnations tied with ribbon will be used for corsages at a Mother's Day banquet. Each corsage takes 6 inches of ribbon. The daises are $0.85 each, the carnations are $0.50 each, and the ribbon is $0.24 per foot. There will be 24 corsages. What is the total cost?

Answers

Answer:

  $47.28

Step-by-step explanation:

The total cost is found by adding the costs of the components.

Component cost

There is one daisy, at $0.85 each.

There are to carnations at $0.50 each, for a total of 2×$0.50 = $1.00.

The is 6 inches of ribbon. That amount is 1/2 foot, so its cost is ...

  (1/2 ft)×$0.24/ft) = $0.12.

Total cost

The total cost of the components of one corsage is ...

  daisy cost + carnation cost + ribbon cost = $0.85 +1.00 +0.12 = $1.97

There are 24 corsages, so their total cost will be 24 times this amount, or ...

  24 × $1.97 = $47.28

The total cost of the 24 corsages is $47.28. All the costs of the components required for making a corsage are added to get the total cost of the corsage.

How to calculate the total cost?Total cost is the sum of all the individual component costs.Consider a and b are the two components with a cost K of each. Then the total cost = aK + bK

Calculation:

It is given that,

The components and their costs:

The cost of each daise = $0.85

The cost of each carnation = $0.50

The cost of the ribbon per foot = $0.24 (1 foot = 12 inches)

The components for making one single corsage:

One yellow daisy + two pink carnations + 6 inches of ribbon = 1 corsage

Then, calculating the price for one single corsage,

1 × $0.85 + 2 × $0.50 + (1/2) × $0.24 = cost of 1 corsage

⇒ $0.85 + $1 + $0.12

⇒ $1.97

For 24 corsages, the total cost = 24 × $1.97 = $47.28

Therefore, the total cost of the 24 corsages is $47.28.

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John goes for a jog every third day and every Saturday he goes to the gym. If he goes to the gym and also runs today, how long will it take before there is another day on which he does both?

Answers

3 weeks, or 21 days because the least common multiple of 7 and 3 is 21

It will take 21 days before there is another day on which he does both.

What is lowest common multiple (LCM) ?

The lowest common multiple (LCM) of two or more numbers is the lowest possible number which is completely divisible by all the given numbers.

Given,

John goes for a jog every third day and every Saturday he goes to the gym.

That means he goes to the gym on every seventh day, and goes for a jog every third day.

Therefore, he goes for both on the days which are LCM of 3 and 7.

But, LCM of 3 and 7 is 21.

Hence, he goes for both in every 21 days.

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Write an equation for this word
sentence: one fifth of a number
equals 16.

Answers

Answer: x / 5 = 16

x = 80

Answer is 1/5n = 26
Step by step
Using n=number
One fifth of a number is
1/5n
Equals 16
=16

Find the sum of the series: 4+8+12+........to 20 term. In (n​

Answers

Answer:

16

Step-by-step explanation:

4 , 8 , 12 , 16 , 20 , ....................... ans goes on

Sometimes, terminology such as "the odds are 1 in 10" of an event is used. This is interpreted to mean "the probability of the event is 1/10" or "the odds in favor of the event are 1 to 9"
The odds that a member of a certain country's Senate (selected randomly) has a law degree is 1 in 1.4. What is the probability that a member of the Senate (selected randomly) has a law degree?
The probability is

Answers

Answer:

71.4% ( i think)

Step-by-step explanation:

If we translate 1 in 1.4 using what is described, it turns into (1/1.4)

Putting this into a calculator, we get 0.714286. Translated into a percent, that becomes 71.4286%

The probability that a member of the Senate (selected randomly) has a law degree is approximately 0.4167 or 41.67%.

When the odds are given as "1 in 1.4," it means that there is 1 chance of success (having a law degree) for every 1.4 chances of failure (not having a law degree).

To find the probability that a member of the Senate (selected randomly) has a law degree, you can use the formula:

Probability = 1 / (1 + Odds)

In this case, the odds are 1 in 1.4, so the probability is:

Probability = 1 / (1 + 1.4) ≈ 1 / 2.4 ≈ 0.4167

So, the probability that a member of the Senate (selected randomly) has a law degree is approximately 0.4167 or 41.67%.

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Please help me quick

Answers

The product of the ages 2 years from today is 924

System of equation

Let the ages of the three cousins be x, y and z. If the product of their ages is 1716, hence;

xyz = 1716

If the product of their ages last year is 1320, then;

(x-1)(y-1)(z-1) = 1320

Two years ago, the product of their ages will be;

(x-2)(y-2)(z-2) = 1320- (1716-1320)

(x-2)(y-2)(z-2) = 1320-396

(x-2)(y-2)(z-2) =924

Hence the product of the ages 2 years from today is 924

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Use the drawing tool(s) to form the correct answer on the provided graph.

Graph the solution to this system of inequalities in the coordinate plane.

3y 2x+122x + y ≤5

Answers

The solution of the inequalities is (0.375, 4.25)

How to graph the inequalities?

The system of inequalities is given as:

3y > 2x + 12

2x + y ≤ 5

Next, we plot the inequalities on a graph (see attachment)

From the graph, both inequalities intersect at

(x, y) = (0.375, 4.25)

This represents the solution of the inequalities

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A man ordered 4 times as many boxes of ballpoint pens as boxes of felt-tip pens. Ballpoint pens cost $4.41 per box, and felt-tip pens cost $3.44. If the man's order of pens totaled $63.24, how many boxes of each type of pen did he buy?
How many boxes of felt-tip pens did he buy?

Answers

Answer:

3

Step-by-step explanation:

Let x = # of boxes of felt-tip pens.

(x)(3.44)+(4x)(4.41) = 63.24

21.08x = 63.24

x = 3

Because x = 3, the man bought 3 boxes of felt-tip pens and 12 boxes of ballpoint pens.

Let sets A and B be defined as follows.
A is the set of integers greater than -14 and less than -5.
B={h,i,s,x,z}
a) find the cardinalities of A and B
n(A)=
n(B)=

b) select true or false
-12 ∈ A
-21 ∈ A
s ∈ B
m ∉ B

Answers

A is the set of integers greater than -14 and less than -5. B={h, i, s, x, z}. The cardinalities of A and B are, n(A) = 8 and n(B) = 5.

-12 ∈ A, s ∈ B, and m ∉ B are True statements. Since, -21 does not belong to A, 21 ∈ A is a False statement.

Cardinalities of A and B

It is given that,

A = {n : -14 < n < -5, n ∈ Z}  ............ (1)

B = {h, i, s, x, z} ......... (2)

Thus, from (1),

A = {-13, -12, -11, -10, -9, -8, -7, -6} ........... (3)

Cardinalities of A and B are the number of members in the set A and B, respectively. Therefore,

n(A) = 8

n(B) =5

Reason Behind True or False

As  seen from (3), set A contains the element -12. Thus, -12 ∈ A is True.Again from (3), we can see that -12 does not belong to the set A. Thus, -21 ∈ A is FalseFrom (2), s is present in set B. Hence, s ∈ B is TrueSimilarly, m is not present in set B. Therefore, m ∉ B is True

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Find DE
3x - 28
3x - 30
D
G
E
F
33

Answers

Answer:

11  units

Step-by-step explanation:

We first need to solve for x

3x -28 +3x -30 + x = 33  Combine the x's

7x - 28 -30 = 33  Combine -28 and -30

7x - 58 = 33  Add 58 to both sides

7x = 91  Divide both sides by 7

x = 13  Now plug 13 into the expression for DE

3x - 28

3(13) - 28

39 -28

11

f(x)=- x ^ 2 - 1,x ne5\\ -3,x=5 lim x -> 5 f(x) = lim x -> 5 f(x) Find if

Answers

Answer:

the answer to the question is 1

Answer:

-26 Is the correct answer

Step-by-step explanation:

15) Allie Young has to get a new car because someone hit and destroyed her old one. She feels she can afford to
pay $90 each month, and the best loan terms she has found offer her an 8.33 percent interest rate on a 4-year
loan. What is the maximum value of the car Allie should be looking for? Give answer to nearest hundred dollars.
a.) $3900
b.) $3800
c.) $3600
d.) $3700

Answers

Answer:I beleive the answer is c-3600

Step-by-step explanation:

90$ a month for 48 months=4320

Plus the interest rate of 8.33  so 4320x0.833=3598.56

Then you have to round up from 3598.56 to the nearest 100 dollars, so it would be 3600.

express using positive exponent


[tex] {3c}^{ - 2} [/tex]

Answers

Answer: [tex]\frac{3}{c^2}[/tex]

Step-by-step explanation:

This uses the exponent rule [tex]a^{-b}=\frac{1}{a^b}[/tex].

A car’s purchase for $27,000 after each year the resale value decreases by 35% what will the resale be after four years

Answers

The resale value of the car after four years is $4820

How to determine the resale value?

The given parameters are:

initial value, a = $27,000

Rate, r = 35%

The value of the car each year is represented as:

Value = a *(1 - r)^t

So, we have:

Value = 27000 *(1 - 35%)^t

After four years, we have:

Value = 27000 *(1 - 35%)^4

Evaluate

Value = 4820

Hence, the resale value of the car after four years is $4820

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What is the equation of the line that is perpendicular to the line defined by the equation 2x = 4y – 8 and goes through the point (1, 2)?

Answers

The equation of the perpendicular line is y = -2x + 4

How to determine the line equation?

The line equation is given as:

2x = 4y - 8

Make y the subject

4y = 2x +8

Divide by 4

y = 0.5x + 2

The slope of the above equation is

m = 0.5

The slopes of perpendicular lines are opposite reciprocals.

This means that, the slope of the perpendicular line is:

n = -1/m

This gives

n = -1/0.5

n = -2

The equation is then calculated as:

y = n(x - x1) + y1

This gives

y = -2(x - 1) + 2

Expand

y = -2x + 2 + 2

Evaluate

y = -2x + 4

Hence, the equation of the perpendicular line is y = -2x + 4

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The total age of Sana, Rabia and Saleem is 47 years. What was the total of their ages three years ago?

Answers

Let the ages be a, b and c.

a+b+c = 47

Their ages 3 years ago were (a-3)+(b-3)+(c-3)

Thus 3 years ago, their ages were

a+b+c-9

But we know a+b+c = 47,

Thus their ages 3 years ago were

47 — 9

= 38




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Answer:

38

Step-by-step explanation:

I'll say that Sana's age is A, Rabia's age is B, and Saleem's age is C.

A + B + C = 47

Three years ago, everyone was three years younger, so we can write the expression as:

(A-3) + (B-3) + (C-3) = x

x is the total age three years ago.

The above equation is the same thing as:

A + B + C - 9 = x

Since we know that A + B + C is 47, we use that number instead.

47 - 9 = x

38 = x

So three years ago, their total age was 38 years old.

A dairy needs 336 gallons of milk containing 6% butterfat. How many gallons each of milk containing 7% butterfat and milk containing 3% butterfat must be used to obtain the desired 336 gallons?

Answers

We need 84 gallons of 3% butterfat milk and (84 * 3) = 252 gallons of 7% butterfat milk to obtain 336 gallons of 6% butterfat milk.  

How to work with percentages?

Let x = number of gallons of 3% milk

Thus;

336 - x = number of gallons of 7% milk

Therefore;

0.03x + 0.07(336 - x) = 0.06(336)

0.03x + 23.52 - 0.07x = 20.16

-0.04x = -3.36

x = 84 gallons

We need 84 gallons of 3% butterfat milk and (84 * 3) = 252 gallons of 7% butterfat milk to obtain 336 gallons of 6% butterfat milk.  

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