Suppose a young couple deposits $1000 at the end of each quarter in an account that earns 7.6%, compounded quarterly, for a period of 8 years. After the 8 years, they start a family and find they can contribute only $200 per quarter. If they leave the money from the first 8 years in the account and continue to contribute $200 at the end of each quarter for the next 19 years, how much will they have in the account (to help with their child’s college expenses)?

Answers

Answer 1

If they leave the money from the first 8 years in the account and continue to contribute $200 at the end of each quarter for the next 19 years, the future value in the account to help with their child's college is $215,293.42.

How the future value is computed?

The future value for this investment is computed in two separate solutions.

We have used an online finance calculator to facilitate the process.

The future value denotes the present deposits compounded at an interest rate.

Initial Deposits:

N (# of periods) = 32 quarters (8 years x 4)

I/Y (Interest per year) = 7.6%

PV (Present Value) = $0

PMT (Periodic Deposit) = $1,000

Results:

FV = $43,489.87

Sum of all periodic payments = $32,000.00

Total Interest = $11,489.87

Subsequent Deposits:

N (# of periods) = 76 quarters (19 years x 4)

I/Y (Interest per year) = 7.6%

PV (Present Value) = $43,489.87

PMT (Periodic Payment) = $200

Results:

Future Value (FV) = $215,293.42

Sum of all periodic payments = $15,200 ($200 x 76 quarters)

Total Interest = $156,603.55

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Related Questions

50 POINTS! PLEASE HELP TT

A bag contains 1 red marble, 2 blue marbles, 3 yellow marbles, and 4 black marbles. A marble is randomly chosen from the bag, returned, and then another marble is chosen. What is the probablility that both marbles are blue?

Answers

Answer:

The probability that both marbles are blue is 1/25

------------------------------------

Number of marbles:

Red = 1, blue = 2, yellow = 3, black = 4

Total number:

1 + 2 + 3 + 4 = 10

Probability of getting a blue marble:

P(blue) = number of blue / total numberP(blue) = 2/10 = 1/5

Since the second marble is selected with replacement, the probability of the second blue marble is same, so the probability of two blue marbles is:

P(blue, blue) = 1/5*1/5 = 1/25

[tex] \sf \: Probability _{(Blue)}=2/10×2/10 \\ \\ \sf Probability _{(Blue)}= \frac{1}{25} [/tex]

Pls help! Step by step:)

Answers

Answer:

x = 15

Step-by-step explanation:

using Pythagoras' identity in the right triangle.

the square on the hypotenuse is equal to the sum of the squares on the other 2 sides, that is

x² = 9² + 12² = 81 + 144 = 225 ( take square root of both sides )

x = [tex]\sqrt{225}[/tex] = 15

Answer:

x = 15

Step-by-step explanation:

[tex]\boxed{\begin{minipage}{9 cm}\underline{Pythagoras Theorem} \\\\$a^2+b^2=c^2$\\\\where:\\ \phantom{ww}$\bullet$ $a$ and $b$ are the legs of the right triangle. \\ \phantom{ww}$\bullet$ $c$ is the hypotenuse (longest side) of the right triangle.\\\end{minipage}}[/tex]

From inspection of the given right triangle:

a = 9b = 12c = x

Substitute the given values into Pythagoras Theorem and solve for x:

[tex]\implies 9^2+12^2=x^2[/tex]

[tex]\implies 81+144=x^2[/tex]

[tex]\implies 225=x^2[/tex]

[tex]\implies \sqrt{x^2}=\sqrt{225}[/tex]

[tex]\implies x=15[/tex]

If a city that currently has a population of 1000 triples in size every 8 years, what will the population be in 24 years? Is the population growth modeled by a linear function or an exponential function?

Answers

Step-by-step explanation:

I'm pretty sure it's 19200? or maybe im writing is wrong

Answer:

After 24 years population of the city will be 27000.

exponential function.

Step-by-step explanation:

in picture

2√54 - √27 - 3√24 how to simplify

Answers

Answer: -3√3

Step-by-step explanation: Factor out the square roots from each term

2√54 -> 6√6

√27 -> 3√3

3√24 -> 6√6

The equation becomes 6√6 - 3√3 - 6√6

By combining like terms we can eliminate 6√6

This leaves us with -3√3 as the simplified solution

Answer:

-3√3

Step-by-step explanation:

do the hcf method to get all the values outside

hcf of 54= 2, 3, 3, 3

hcf of 27 = 3, 3, 3

hcf of 24 = 2,2,3,3

2✓2×3×3×3 - √3,3,3 - 3√2,2,3,3

take out the common factor and multiply it with the value we have outside leave it if it doesnt have a number

2×3√2×3 - 3✓3 -3×2×3

6√6 - 3√3 - 3×2×3

6×3 - 3√3 - 3×2×3

18-18 - 3✓3

-3√3

Is a function that can be graphed
as a solid line discrete or continuous?

Answers

Linear function Is a function that can be graphed as a solid line discrete or continuous

What is a linear function?

Linear functions are simply known as functions whose graph is a straight line.

They have one dependent variable and one independent variable.

These functions have either one or two variables without exponents.

Continuous graphs are used to represent functions that are continuous along their entire or whole domain.

Whereas, discrete graphs are used to represent values at specific points along the number line from different directions.

Types of the linear function;

Direct variationslope-intercept formstandard formpoint-slope form

Hence, it is a linear function

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For the function graphed below, what is the output when x=-2?

Answers

Step-by-step explanation:

that is a college level question ? and you don't know the answer ?

that is basic, basic, basic ...

you go on the x-axis to -2.

from there you go either up or down and look at what y-value are you crossing the functional curve.

it is -1.

so, the "output" for x = -2 is y = -1. or simply -1.

In some cities you can rent a car for $18 per day and $0.20 per miles. a. Find the cost of renting the car for one day and driving 200 miles.

Answers

The cost of renting the car for one day and driving 200 miles is $54.

What is an equation?

An equation is a formula that expresses the equality of two expressions, by connecting them with the equals sign =.

Given that, In some cities you can rent a car for $18 per day and $0.20 per miles.

Establishing the equation for finding total cost y for x miles and d days

y = 18d + 0.2x

For 200 miles, the cost =

y = 18×1+0.20×200

y = 18+40

y = $54

Hence, the cost of renting the car for one day and driving 200 miles is $54.

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Compute the MIRR statistic for project I if the appropriate cost of capital is 11 percent.
Cash flow -12,000, 5830, 4680, 2,500

Answers

The MIRR statistic for the project I given the cost of capital and the reinvestment rate, is 7. 43 %.

How to find the MIRR statistic ?

A monetary indicator of an investment's allure is the modified internal rate of return or MIRR. Ranking equivalent alternative investments is done in capital budgeting.

You can use a spreadsheet to find the MIRR by first ordering the cash flows as shown in the attached image. Then use the = MIRR function.

The cost of capital is the finance charge which is 11 %. The reivestment rate will be the same as the finance charge if not given so it will be 11 % as well.

The MIRR is therefore 7 .43 %.

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Mr. Fraser signs up for a math class in the
summer, and at the end of each week there is
a 5 questions multiple choice test. Each
question has four options/answers.
On week 3, out of curiosity, he decides to
randomly pick the answer for each of the five
questions (he doesn't even read the
questions-just circles one of the four
options!)
What is the probability that he will pass using
this method? Do you think he will regret this
experiment?​

Answers

Therefore , the solution of the problem of probability comes out to be  

Probability = 0.25 or 25% that he will pass using this random option picking method.

Define probability.

Probability is the likelihood or potential for something to event.  For instance, there is only one way to get a head and a total of two possible outcomes, hence the probability of flipping a coin and getting heads is 1 in 2. (a head or tail). P(heads) must equal 12. Classical: (equally likely results) (equally probable outcomes) S, the sample location (the collection of all distinct outcomes that could occur), Definition of Relative Frequency and Subjective Probability.

Here,

Given : t the end of each week there is a 5 questions multiple choice test.

and

Has 4 options.

Probability that he will pass using this random option picking method.

=> Probability = Favourable events / Total no of outcomes

=>  Probability = 1 /4

=> Probability = 0.25 or 25%

Therefore , the solution of the problem of probability comes out to be  

Probability = 0.25 or 25% that he will pass using this random option picking method.

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Solve systems of equations by elimination -9x-2y=5 -9x-2y=11

Answers

Answer:

no solutions

Step-by-step explanation:

   -9x-2y=5

- (-9x-2y=11)

-9x-(-9x) - 2y-(-2y) = 5 - 11  ==> subtract the top two equations

-9x + 9x - 2y + 2y = -6  ==> subtracting by a negative number is equivalent

                                       to adding by a positive number

(-9x + 9x) - 2y + 2y = -6

0 - 2y + 2y = -6

0 - 0 = -6

0 [tex]\neq[/tex] -6  ==> Hence, there is no solutions.

Jacob Hernandez invests $25,000 in a CD for 5 years. The CD earns interest at an annual rate of 5.5% compounded quarterly. What is the annual percentage yield to the nearest hundredth of a percent?

Answers

Answer:

Below

Step-by-step explanation:

Each PERIOD is 3 months     there is   4 periods per year

  periodic interest =  .055/4

   effective interest per year would then be

       (1 + .055/4)^4  - 1  = .056144  = ~ 5.61%

Compare 8.002 to 8.20. Which is greater?

Answers

Answer:

8.20

Step-by-step explanation:

8.20 is greater than 8.002 due to 0.20 being greater than 0.002

K
A ball is thrown vertically upward from the top of a building 32 feet tall with an initial velocity of 16 feet per second. The distances (in feet) of the ball from the ground after 1 seconds
iss-32+16t-16t^2
(a) After how many seconds does the ball strike the ground?
(b) After how many seconds will the ball pass the top of the building on its way down?
(a) After how many seconds does the ball strike the ground?

Answers

As determined in part, the ball reaches its highest point at time t is 2 seconds

how many seconds does the ball strike the ground?

S(t) = 32t - 16t2 is the formula for the displacement s(t) as a function of time t. We presume that the upward motion began at this altitude above the earth.

The ball's starting speed is 64 feet per second.

(A) The velocity is the displacement's first time derivative: v(t) = ds/dt = 32t – 16t. We are just deriving the function s for the first time (t).

(B) v(t = 3) = 32t– 16(3) = –32 feet per second. The ball is currently travelling downhill, according to the negative indication.

(c) The ball briefly pauses as it reaches its highest height before dropping. By setting the velocity to zero to symbolise this halt, we can calculate how long it will take the ball to reach its highest point.

v(t) = 32 - 16t = 0

or 16t = 32

out = 2 seconds.

As determined in part, the ball reaches its highest point at t = 2 seconds (c).

s(t = 2) = 32(2) - 16(2) (2)

2

or 32 feet if s(t = 2).

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please help me thank you.​

Answers

Answer:

62 degrees.

Step-by-step explanation:

I think this because it appears that ABC makes a 90 degree angle and I would think that you would just subtract 28 from 90 and get 62.

Hope it helps! =D

Write a piecewise-defined function for this graph please!

Answers

The piecewise-defined function for this graph will be y = -(3/5)x - 4/5 for x < 2 and y = (5/2)x - 7 for x ≥ 2.

What is a function?

A function is an assertion, concept, or principle that establishes an association between two variables. Functions may be found throughout mathematics and are essential for the development of significant links.

The equation of the line that passes through (-3, 1) and (2, -2) is given as,

(y + 2) = [(- 2 - 1) / (2 + 3)](x - 2)

y + 2 = - (3/5)x + 6/5

y = -(3/5)x - 4/5

The equation of the line that passes through (2, -2) and (4, 3) is given as,

(y + 2) = [(3 + 2) / (4 - 2)](x - 2)

y + 2 = (5/2)x - 5

y = (5/2)x - 7

The piecewise-defined function for this graph will be y = -(3/5)x - 4/5 for x < 2 and y = (5/2)x - 7 for x ≥ 2.

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HELP ASAP! (20 POINT CUZ I NEED DONE ASAP) In baseball, each time a player attempts to hit the ball, it is recorded. The ratio of hits compared to total attempts is their batting average. Each player on the team wants to have the highest batting average to help their team the most. For the season so far, Jana has hit the ball 7 times out of 10 attempts. Tasha has hit the ball 10 times out of 16 attempts. Which player has a ratio that means they have a better batting average?

Tasha, because she has the lowest ratio since 0.7 < 0.625
Tasha, because she has the highest ratio since 56 over 80 is greater than 50 over 80
Jana, because she has the highest ratio since 56 over 80 is greater than 50 over 80
Jana, because she has the lowest ratio since 0.7 < 0.625

Answers

Tasha, because she has the lowest ratio since 0.7 < 0.625

What is Ratio?

A ratio is an ordered pair of numbers a and b, written a / b where b does not equal 0.

The ratio of hits compared to total attempts is their batting average

Each player on the team wants to have the highest batting average to help their team the most.

Jana has hit the ball 7 times out of 10 attempts.

Average is 7/10=0.7

Tasha has hit the ball 10 times out of 16 attempts.

Tasha Average is 10/16=0.625

We need to find the player who has better batting average

Tasha, because she has the lowest ratio since 0.7 < 0.625

Hence, Tasha, because she has the lowest ratio since 0.7 < 0.625

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Help me please! Whoever answers correctly gets brainliest and 40 points!
Which number is equivalent to the fraction 15/7?

O 2
O 2 1/7
O 7/15
O 1 8/7

Answers

2 1/7

Two 7/7 can be taken from 15 so we are left with 1/7 remaining in fractions. So correct answer is 2 and 1/7

Which of the following is most likely the next step in the series?
ООО
О А.
B.
О с.
O D.

Answers

Answer: C

Step-by-Step Explanation:
In the first image, you only see one line going to the right
In the second image, you see one line going to the right and one line going down
In the third image, you see one line going to the right and one line going to the left

The pattern is one line going to the right and a second line rotating around the center point. The reason you only see one line in the first image is because it is both overlapping lines.

The next step in the series is, shown in Option C.

What is mean by Circle?

The circle is a closed two dimensional figure , in which the set of all points is equidistance from the center.

Given that;

There are three steps are shown.

Now, In first step, only one line shown.

In second line the line is left to first line.

And, So on.

Hence, The next step in the series is, shown in Option C.

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100 POINTS!!! Please help.

Answers

Answer:

[tex]\dfrac{1}{a^{20}c^2d^2e^{6}}[/tex]

Step-by-step explanation:

Given expression:

[tex](a^{10}b^{0}cde^{3})^{-2}[/tex]

[tex]\textsf{Apply the exponent rule} \quad a^{-n}=\dfrac{1}{a^n}:[/tex]

[tex]\implies \dfrac{1}{(a^{10}b^{0}cde^{3})^{2}}[/tex]

[tex]\textsf{Apply the exponent rule} \quad (a^b)^c=a^{bc}:[/tex]

[tex]\implies \dfrac{1}{a^{(10 \times 2)}b^{(0 \times 2)}c^2d^2e^{(3 \times 2)}}[/tex]

Simplify:

[tex]\implies \dfrac{1}{a^{20}b^{0}c^2d^2e^{6}}[/tex]

[tex]\textsf{Apply the exponent rule} \quad a^0=1:[/tex]

[tex]\implies \dfrac{1}{a^{20}(1)c^2d^2e^{6}}[/tex]

[tex]\implies \dfrac{1}{a^{20}c^2d^2e^{6}}[/tex]


Before hibernation, a bear weighs 990 pounds. Its weight decreases
by 32% during hibernation. How much does the bear weigh when
it comes out of hibernation? Show your work.

Answers

Answer:316.8

Step-by-step explanation:

Answer:316.8

Step-by-step explanation:

This graph represents a function. The linear function on a coordinate plane passes through (2, 9), and (minus 5, minus 5) which intercepts the axis at (0, 5), and (minus 2.5, 0). Which table contains points from the inverse of the graphed function? A. x -3 -1 1 3 y 1 2 3 4 B. x -4 -3 -2 -1 y -3 -1 1 3 C. x 1 2 3 4 y -3 -1 1 3 D. x -3 -1 1 3 y -4 -3 -2 -1

Answers

the first one shows the points

Which of the following statements must be true based on the diagram below?
Select all that apply. (Diagram is not to scale.)

Answers

UV is a segment Bisector.

What is a segment Bisector?

A segment bisector is a line, ray, or segment that splits another line segment in half evenly at its center. The midpoint of the line segment is always bisected by the line, which divides it into two equally sized parts.

What is the bisector rule?

The angle bisector theorem states that a triangle's opposite side is divided into two parts by an angle bisector that is proportional to the triangle's other two sides.

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hello i need help with my math question please thank.

Answers

The three ways to purchase a vehicle include: (1) On lease  (2) On hire purchased and (3) On cash basis

How to purchase a vehicle?

A vehicle can be purchased on the following ways:

Lease:  This involves granting the user access on the property over a period of time before he could make payment

Hire purchase:  In this method, the buyer deposits first initial money while he agrees with the seller to make the payment of the balance on installment basis

Cash:  In this method the buyer pays cash at prompt or on the point of purchase

Advantages include:

It places the buyer on good life without cash

He enjoys the luxurious life

Disadvantages:

He can run away with the vehicle

The seller looses in cash of accident taking the life of the buye

Additional expenses include

Cost of maintenance

Repairs

Fueling

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Express The Ratio 36 : 42 In it's Simplest Form ? ​

Answers

Answer:

6/7

Step-by-step explanation:

36/42 = 36:6/42:6 = 6/7

Solve this math problem.

Answers

Therefore ,the value of a given fraction is equal to 10/12, which equals 5/6, after resolving the given problem.

What exactly is a fraction?

To represent a whole, divide it into any number of comparable parts, or fractions. How many units of a particular size there are is expression using fractions in standard English. 8, 3/4. Parts of a whole are included. Numbers in mathematics are stated as a ratio of the excess to the denominator. These are each simple fractions that represent an integer. A fraction is contained in the fraction or reduction of a complex fraction. When a fraction is true, its numerators are less than its denominators. An amount that makes up a fraction of a whole is called a fraction. You can assess the whole by dissecting it into smaller pieces.

Here,

Given : 5/8 X 4/3

=> 5/8 X 4/3 = 20/24

on condensing,

10/12 = 5/6

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15) Find x if m m/MTU = 38°, and m/STU = 2x + 88.

x + 50 = 2x + 88

Answers

Therefore , the solution of the given problem of equation comes out to be  x = 38.

What is equation?

Equivalent is the meaning of the Latin term equ. A lot of variable words in the English language, such as adequate, equator, and equality, have Latin roots as their root words. Since both side of an equations are, by definition, "equal" to one another, the Latin root term equ makes its way into our vocabulary quite simply.

Here,

Given : m m/MTU = 38°, and m/STU = 2x + 88.

thus,

x + 50 = 2x + 88

To find the value of x:

We do,

=> x + 50 = 2x +88

=> x -2x  = 88 -50

=> -x = -38

=> x = 38

Therefore , the solution of the given problem of equation comes out to be x = 38.

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Find the area of the shapes

Answers

Answer:

45.5km

Step-by-step explanation:

AREA= base x height

So with this equation, we know that 5km is the height, and 9.1km is the base.

So to find out the area all we have to do is 9.1x5 which equals 45.5

Flying against the wind, an airplane travels 4720 kilometers in 8 hours. Flying with the wind, the same plane travels 4040 kilometers in 4 hours. What is the rate of the plane in still air and what is the rate of the wind?​

Answers

The rate based on the information will be 590 kilometers per hour and 1010 kilometers per hour

How to calculate the rate?

Rate in Mathematics simply demonstrates how many times one number can be able to fit into another number. It should be noted that rate contrast two numbers by dividing them. In this case, A/B will be the formula if one is comparing one variable (A) to another variable (B).

Since the an airplane travels 4720 kilometers in 8 hours. The rate is:

= 4720 / 8

= 590 kilometers per hour

Flying with the wind, the same plane travels 4040 kilometers in 4 hours. The rate will be:

= 4040 / 4

= 1010 kilometers per hour

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What are the exact values of a and b ?

CORRECT ANSWER

PROVIDE EXPLANATION

Answers

Answer:

b

Step-by-step explanation:

i think i say c because a is 30 degrees and c is 90 the whole triange needs to be 180 so b would be 60 also you see one side is 10 the other side also known as b is also 10 they have to be the same length and a is five because half of 10 is 5

HELP PLEASE show work if possible I WILL MARK BRAINLIEST TO BEST ANSWER

Answers

The Value for x and y as follow:

A) x=2 and y=-8

B) x = -2 and y = 5

C) x = -9/4 and y= -5/2

What is Elimination Method?

The elimination approach involves taking one variable out of the system of linear equations by utilising addition or subtraction together with multiplication or division of the variable coefficients.

Given:

A) 9x- 2y = 34...............(1)

5x+ 2y = -6..............(2)

Adding equation (1) and (2) we get

9x -2y = 34

5x + 2y = -6

_____________

14x = 28

x= 28/14

x= 2

and, 5x +2y= -6

5(2) + 2y= -6

2y = -6 -10

y = -8

B) x+ 6y = 28.....................(3)

2x -3y = -19................(4)

Multiply equation (2) by 2 we get

4x - 6y = -38.......................(5)

Adding equation (3) and (5), we get

x + 6y = 28

4x- 6y = -38

___________

5x = -10

x= -2

and, x+ 6y= 28

-2 +6y= 28

6y= 30

y=5

C) 8x -6y = -3................(6)

6x -5y = -1......................(7)

Multiply equation (6) by 5 and equation by (6), we get

40x - 30 y = -15

36 x - 30y = -6

-       +           +

____________

4x = -9

x= -9/4

and, 8x - 6y = -3

8(-9/4) - 6y = -3

-18 - 6y= -3

-6y = 15

y = -5/2

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Can someone help me with this? I'm stressed out and its urgent. How many moles is 1.5 x10 20? Six times the sum of a number and 25 is at least 30 before a lawsuit begins, the court must have proof that the defendant was notified of the lawsuit.a. trueb. false In the sentence below is it you're or your?Thank you for your time and understanding. neighbour A proposal will make years that end in double zeros a leap year only if the year leaves a remainder of 200 or 600 when divided by 900. Under this proposal, how many leap years will there be that end in double zeros between 1996 and 4096 A figure made by two intersecting lines or two rays extending from the same point. One of the main reasons for copyright law is to encourage creators to share their work for the benefit of the general public. Employees who keep themselves up to date on company news and continually learn new aspects of their job show _____. How was the art of lacemaking in the New World viewed differently than it was viewed in Europe in the seventeenth century?A Lacemaking was viewed as an everyday task in the New World; in Europe,lace was seen as a luxurious fashion accessory.B Lacemaking was seen as a luxury that pioneers could not afford in theNew World; in Europe, lace was found on common accessories.C Lacemaking was seen as strictly womens work in the New World; in Europe,it was seen as a proper way to make a living for both men and women.D Lacemaking was seen as an art form for only the upper class in theNew World; in Europe, all classes of people wore and produced lace. Describe what social engineering is and explain its existence and prevalence. Explain why SE is an important part of an information technology security course.Perform statistical research in the social engineering area providing the following: (1) Describe the current percentage of cyber attacks relying on social engineering and the percentage of attacks from both internal and externa sources; and (2) Describe how these percentages impact the current corporate social engineering incident response effort.Discuss employee and management responsibilities with regard to information security and combating SE. Make sure your work clarifies your opinion as to who carries more responsibility for preventing SE-the employees or management. Provide examples to back up your statements. The progressive movement comprised many different reform movements but the movements all have a common purpose: to find long range solutions to urban and industrial problems. progressive reformers attacked all of the following except: Cos theta = -1/6 what is tan theta In the first months of the gold rush, most of the gold rushers used the hole-digging techniquedescribed by James Heron. The key was to dig in places where water had once flowed. In yourown words, how did prospectors like Heron find gold? Very often, failure to record a liability means failure to record a(n)a. footnote.b. asset conversion.c. revenue.d. expense Do you think it is acceptable for historians to use Thucydides's account of Pericles's speech as evidence of what was said by Pericles? Why or why not? The cross-sectional shape of the archway of a bridge (measured in feet) is modeled by the function (x) = -0. 5x2 + 6x where (x) is the height of the arch and x is the horizontal distance from one side of the base of the arch. How wide is the arch at its base? Will a box truck that is 8 feet wide and 13. 5 feet tall fit under the arch? If not, what is the maximum height a truck that is 8 feet wide and is passing under the bridge can be A loop that will output only the names that come before "Thor" in the alphabet from the names list. names = ["Peter", "Bruce", "Steve", "Tony", "Natasha", "Clint", "Wanda", "Hope", "Danny", "Carol"] Please answer with code for someone who is starting to learn lists in python What are two characteristics of the rock found 3 mya? What effects did the British Raj have on India?