Suppose if, instead of depositing the $600 all at once, you deposit nothing at the beginning and you divide up the $600 into 12 envelopes each with $50. Find the balance after one year if you deposit one $50 envelope each month, all year, into an account that pays 5% APR with monthly compounding.

Answers

Answer 1

The balance after one year if you deposit one $50 envelope each month, all year is  $613.95.

What is the balance after one year?

The balance after 1 year can be determined using this formula:

Amount deposited monthly x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

Where:

r = interest rate = 5% /12 = 0.417%n = number of years = 1 x 12 = 12

Annuity factor = 1.004167^12 - 1 / 0.00417 = 12.279082

Balance = 12.279082 x 50 = $613.95

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Related Questions

At a student café, there are equal numbers of two types of customers with the following values. The café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (i.e., she cannot price-discriminate).
Students with Early Classes
Students without Early Classes
Coffee 73 63
Banana 53 103
The marginal cost of coffee is 5 and the marginal cost of a banana is 20.
The café owner is considering three pricing strategies:
1. Mixed bundling: Price bundle of coffee and a banana for 166, or just a coffee for 73.
2. Price separately: Offer coffee at 63, price a banana at 103.
3. Bundle only: Coffee and a banana for 126. Do not offer goods separately.
Assume that if the price of an item or bundle is no more than exactly equal to a student's willingness to pay, then the student will purchase the item or bundle.
For simplicity, assume there is just one student with an early class, and one student without an early class.
Price Strategy
Revenue from Pricing Strategy
Cost from Pricing Strategy
Profit from Pricing Strategy
1. Mixed Bundling
$
$
$
2. Price Separately
$
$
$
3. Bundle Only
$
$
$
Pricing strategy yields the highest profit for the café owner.

Answers

Based on the prices, the willingness to pay of the students and the costs, the profits will be:

Mixed bundling = 209.Price separately = 199.Bundle Only = 202.

The pricing strategy that yields the highest profit is the Mixed bundling strategy.

What is the profit from Mixed bundling?

First find the willingness to pay for both the students with early classes and those without.

Student with early classes:                     Students without early classes:

= 73 + 53                                                       = 63 + 103

= 126                                                             = 166

At a mixed bundling price of 166, only students without early classes will be able to afford the bundle as their willingness to pay is 166.

Student with early classes will only take the coffee at 73 because their willingness to pay of 126 is lower than the 166 bundle price.

Profit is:

= (Bundle price + Coffee price) - (Marginal cost of two coffees + Marginal cost of banana)

= (166 + 73) - (2 x 5 + 20)

= 209

What is the profit from pricing separately?

At separate only pricing students without early classes will be able to afford the both things at 166.

Student with early classes will only take the coffee at 63 because their willingness to pay of 126 won't allow them to take both items.

Profit:
= (63 + 63 + 103) - (2 x 5+ 20)

= 199

What is the profit from price separately?

At a bundle only price of 126, both the students with early classes and those without early classes will be able to afford the bundle as their willingness to pay, match the price.

Profit will be:
= (126 + 126) - (2 x 5 ) for coffee - (2 x 20) for bananas

= 202

In conclusion, the woman should go with the Mixed bundling as it gives the highest profit of 209.

Find out more on pricing strategies at https://brainly.com/question/7303679.

Arcs and angles relay puzzle

Answers

Applying the angles of intersecting chords theorem, the value of x in the first figure is: x = 7.

What is the Angles of Intersecting Chords Theorem?

If two chords of a circle intersect, the angles of intersecting chords theorem states that, the measure of the angle formed equals 1/2(sum of the measure of the arcs which are intercepted.

Thus, we can use the angles of intersecting chords theorem to find missing angles or value of x in the questions given.

For example, let's find the value of x in the first figure given:

12x + 5 = 1/2(83 + 95)

12x + 5 = 89

12x = 89 - 5

12x = 84

x = 7

Using same strategy, you can solve the rest of the problem given.

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You open a money market account with $7500 at 5% compound quarterly. After two years, $1500 is withdrawn from the account to buy a new computer. A year later, $2000 is put in the account. What will be the ending balance if the money is kept in the account for another three years?

Answers

Answer:

  $10,596.81

Step-by-step explanation:

The balance on an account earning 5% interest compounded quarterly can be found using the formula ...

  A = P(1 +0.05/4)^(4t)

where P is the principal invested and t is the number of years.

__

Here, we are investing $7500.00. After 2 years, the account balance will be ...

  A = $7500(1 +0.05/4)^(4·2) = $8283.65

After the $1500 withdrawal, the new balance will be ...

  $8583.65 -1500.00 = $6783.65

__

This is the amount earning interest for the next year, after which time the balance will be ...

  A = $6783.65·(1.0125)^(4·1) = $7129.24

When $2000 is added to the account, the principal earning interest for the last 3 years is ...

  $7129.24 +2000.00 = $9129.24

__

The final balance after 3 more years is then ...

  A = $9129.24·(1.0125)^(4·3) = $10,596.81

_____

These calculations are conveniently carried out by a spreadsheet, as in the attached. Since the account changes are all done at the end of the year, we don't have to keep track of the quarterly balances. The formula used to calculate the ending balance each year is shown.

A bird is nested on a tree top that is 14 feet above the ground. The bird looks down at a worm at a 30 angle of depression. How far is the worm from the base of the tree?

Answers

Applying the tangent ratio, the distance of the worm from the base of the tree is: 24.2 ft.

What is the Tangent Ratio?

Tangent ratio is part of the Trigonometry ratios, which is expressed as, tan ∅ = opposite side / adjacent side in a right triangle.

The information given would form a right triangle, where:

Reference angle = ∅ = 30°Opposite side = 14 ftAdjacent side = distance of the worm from the base of the tree = x

Applying the tangent ratio, we would have:

tan 30 = 14/x

x = 14/tan 30

x = 24.2 ft.

Therefore, applying the tangent ratio, the distance of the worm from the base of the tree is: 24.2 ft.

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HELP ME OUT PLS!!!!!!!

The model represents an equation. What value of x makes the equation true?

A) 15/4

B) 15/8

C) -15/4

D) -15/8​

Answers

Answer:

B

Step-by-step explanation:

-6x + 6 = 2x - 9

-6x + 15 = 2x

15 = 8x

x = 15/8

Roger has 120 peanuts. He saves 48 for himself. He divides the rest equally among 8 friends. He wants to find how many peanuts each friend gets.

Which equations should he use? Select all that apply.

A.
72
÷
8
=
m
B.
120
+
48
=
p
C.
168
÷
8
=
n
D.
120
÷
8
=
l
E.
120

48
=
p

Answers

Answer:

A and E  MARK BRAINLIEST!

Step-by-step explanation:

Well lets look into this question carefully ,

You should first subtract 120- 48= 72

Then 72/ 8 = 9 so we can check all that apply equations we used

A and E

what is 1.5 +1.5 in a fraction

Answers

The answer would be: 3:2
Therefore, 1.5 as a fraction is written 3/2.

Answer:

3/1

Step-by-step explanation:

1.5+1.5

calcular los dos primeros términos

3

escribe el número entero como una fracción

3/1

125% of what number is 80?
Oa 36
Oь 40
Os 64
Od 72

Answers

Answer:

d. 72

Step-by-step explanation:

Answer :D

64

Step-by-step explanation:

We have, 125% x x = 80

or [tex]\frac{125}{100}[/tex] x x = 80

Multiplying both sides by 100 and dividing both sides by 125,

we have x = 80 x [tex]\frac{100}{125}[/tex]

x = 64

(or just divide 80 x 100 ÷ 125)

Hope this helps - Answered by Lilo

I am not sure how to do for this question! Pls help

Answers

Answer:

wheres the question

Step-by-step explanation:

??????

Mathematics pls help 4 questions will give brain to best answer
What is the mean for the data set, to the nearest whole number?

Answers

Answer:

[1] 8

[2] 10

[3] 8.5

[4] 8

Step-by-step explanation:

[1] What is the mode of the data set?

5,8,8,8,8,9,9,9,10,10

Answer = 8

Explanation: Mode = Appears Most

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

[2] How many people were in the sample?

Answer = 10

Explanation:

Each x = 1 person

Hence, it a total of 10 "x" (10 People)

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

[3] What is the median of the data set?

5,8,8,8,8,9,9,9,10,10

Answer = 8.5

Explanation:

Median = Middle

5,8,8,8,8,9,9,9,10,10

5,8,8,8,8,9,9,9,10,10

8 + 9 = 17/2 = 8.5

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

[4]  What is the mean for the data set, to the nearest whole number?

Answer = 8

Explanation:

Mean = Add up all data values to get the sum and Count the number of values in your data set. Divide the sum by the count

5 + 8 + 8 +8 + 8 + 9 + 9 + 9 + 10 + 10 = 84/10=8.4

8.4 Round = 8

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

~Lenvy

What is the division expression that is the same as 1/5 x 1/4?
A. 1/5÷4
B. 1/5÷5
C. 1/5÷3
D. 1/5÷2

Answers

Hello!

[tex]=================================[/tex]

Option A is correct & here's why.

When dividing fractions, we take the first fraction and multiply it times the reciprocal of the second fraction (the second fraction flopped over)

So if we have 1/4, then its reciprocal is 4/1, or just 4.

Hence, Option A (1/5÷4) is correct.

[tex]==============================[/tex]

Notes:Hope everything is clear & let me know if you have any questions!Enjoy your day!Always remember: Knowledge is Power! :-)Answered by:

~DiamonD~

2. A student wanted to find the height h of a statue of a pineapple
in Nambour, Australia. She measured the pineapple's shadow
and her own shadow. The student's height is 5 feet 4 inches.
What is the height of the pineapple?

Answers

Using proportions, it is found that the height of the pineapple is of 280 inches = 23 ft 4 in.

What is a proportion?

A proportion is a fraction of a total amount, and the measures are related using a rule of three.

In this problem, considering that a feet has 12 inches, the measures in inches, and applying the similarity of triangles, the proportions are as follows:

[tex]\frac{h}{64} = \frac{105}{24}[/tex]

Applying cross multiplication:

24h = 64 x 105

h = 64 x 105/24

h = 280

The height of the pineapple is of 280 inches = 23 ft 4 in.

More can be learned about proportions at https://brainly.com/question/24372153

Sarita deposits $1000 in an account paying 3.4% annual interest compounded continuously.
A. What is the balance in Sarita's account after 5 years?

Answers

Considering continuous compounding, it is found that the balance of her account after 5 years is of $1,185.3.

What is the equation for continuous compounding?

It is given by:

[tex]A(t) = Pe^{kt}[/tex]

In which:

P is the principal.k is the interest rate.t is the time, in years.

In this problem, the parameters are given as follows: P = 1000, r = 0.034, t = 5, hence:

[tex]A(5) = 1000e^{0.034(5)} = 1185.3[/tex]

The balance of her account after 5 years is of $1,185.3.

More can be learned about continuous compounding at https://brainly.com/question/15965736

George wanted to measure the angle of a water slide at the lake. He used a sheet of folded paper that formed a 20° angle. He measured and found that three of the folded paper angles would fit in the angle made by the slide and the ground.

Which of the following was the angle of the water slide?

Answers

The angle of the water slide is 60 degrees.

The equation that models his work is 3 × 20 = 60 degrees.

How to find the sum of angles of a figure/object?

He wants to measure the angle of a water slide at the lake.

He used a sheet of folded paper that formed 20 degrees to measure the angle of the the water slide at the lake.

He noticed three folded paper angle fits in the angle made by the slide and the ground.

Since each angle is equals to 20 degrees, and the three fits into the angle made by the slide and the ground, the angle of the water slide is as follows:

20 × 3 = 60 degrees

learn more on angles here: https://brainly.com/question/16746032

Each of two computers can process bills at 160/min a newer model can process bills at 200/min after the first two computers have worked 1.5 min they are joined by the third computer how long will it take fromthe time the first two computers are turned on to process 1780

Answers

Your answer is gonna be 300 mins per hour

so urgent pls

Answers

Answer:

B

because if you were looking for time that is less than and equal to you would have to choose (c) as you answer

A 25-year, $1,000 par value bond has an 8.5% annual coupon. The bond currently sells for $875. If the yield to maturity remains at its current rate, what will the price be 5 years from now?

Answers

Given the current yield to maturity of the bond, the price of the bond five years for now is $883.10.

What is the price of the bond five years from now?

The first step is to determine the yield to maturity of the bond. The yield to maturity is the return on the bond if the bond is held to matuity.

Yield to matuity can be determined using a financial calculator:

Cash flow in year 0 = -875

Cash flow each year from year 1 to 25 = 85

Cash flow in year 25 = $1000

Yield to matuity = 9.86%

Future price of the bond: (coupon x future price factor) + [FV / (1 + YTM)^n)]

Future price factor = [1 - (1/YTM)^n] / YTM

= [1 - 1/0.0986^20] 0.0986 = 8.595555

[85 x 8.595555 ] + 152.478323 = $883.10

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*Pls help me*

Yasmine is trying to find an outfit for the first day of school. She has to choose from 3 pairs of skirts: one black, one pink and one orange. She also has five blouses: one with flowers, one with polka-dots, one gray, one white and one with words saying I love New York! How many possible outfits can she choose from? *Hint-create a probability table.

Answers

Answer:

15 outfits

Step-by-step explanation:

Given

3 skirtsone blackone pinkone orange

5 blousesone w/ flowersone w/ polka dotsone grayone whiteone w/ "I love New York!"

Probability : No. of outfits

There are 3 elements in set A (skirts) and 5 elements in set B (blouses)Therefore possible outfits = A x B = 15 outfits

P.S. Sorry I couldn't create the probability table.

Find the missing side lengths. Leave your answers as radicals in simplest form.
1)
2)
1459
712
b
b

45°
a
X
3)
D)
X
у
45 6/3
459
912
X
x

Answers

Answer:

1) y = 7 x = 7
2) y = 4.243 x = 4.243
3) y = 7.348 x = 7.348
4) y = 9 x = 9

Step-by-step explanation:

just use a calculator and put in the given information
search Right Triangle Side and Angle Calculator

Answer:

Below in bold.

Step-by-step explanation:

1. This is an isosceles right angled triangle.

x = y.

The ratio of the sides in this triangle are 1:1:√2

So 1/√2 = x / 7√2

√2 x = 7√2

x = 7.

y = 7.

The other 3 are solved in a similar way as they are all isosceles right angled triangles:

2. b = 6 and a = 6√2.

3. 1 / √2 = x / 6√3

√2 x =  6√3

x  = 6√3 / √2

x = 6√3 * √2 / 2

= 3√6

y = 3√6.

4.  x = y = 9.

Help me pls answer 1&2&3 pls brainless

Answers

Answer:

3,1,5

Step-by-step explanation:

Angle α is drawn on the unit circle in standard position. The terminal side of angle α intersects the unit circle at point (-0.292, 0.956). What is the approximate decimal value of tan(α)?

Answers

Using the unit circle, it is found that the approximate decimal value of tan(α) is given by -3.274.

What is the unit circle?

For an angle [tex]\alpha[/tex] the unit circle is a circle with radius 1 containing the following set of points: [tex](\cos{\alpha}, \sin{\alpha})[/tex].

In this problem, we have point (-0.292, 0.956), hence [tex]\cos{\alpha} = -0.292, \sin{\alpha} = 0.956[/tex].

Applying the definition of the tangent, we have that:

[tex]\tan{\alpha} = \frac{\sin{\alpha}}{\cos{\alpha}} = \frac{0.956}{-0.292} = -3.274[/tex].

Hence the second option is correct.

More can be learned about the unit circle at https://brainly.com/question/16852127

The answer: -3.274.
Hope you got it right! :)

Factor the equation k^2 + 25

Answers

Answer:

k^2+25

Step-by-step explanation:

Factor k^2+25

=k^2+25

Doesn't factor

(3) Need help. Brainliest if correct only, don’t answer if you don’t know HAVE A NICE DAY

Answers

Answer:

5/2

Step-by-step explanation:

In triangle XYZ, the known side is XZ, which is equal to 5. The corresponding side to this side would be MN, which is equal to 2. Divide XZ/MN in order to get 5/2.

If you spend 1.5 hours a week studying for English and 5 hours studying for math what is the ratio of time spent studying in math to studying for English?

Answers

Answer:

1.5/5

Step-by-step explanation:

For every 1.5 hours your spend studying English, you spend 5 hours studying Math.

Brainliest please?  

PLEASE HELP
Use the function f(x) to answer the questions.

f(x) = −16x2 + 22x + 3

Part A: What are the x-intercepts of the graph of f(x)? Show your work. (2 points)

Part B: Is the vertex of the graph of f(x) going to be a maximum or a minimum? What are the coordinates of the vertex? Justify your answers and show your work. (3 points)

Part C: What are the steps you would use to graph f(x)? Justify that you can use the answers obtained in Part A and Part B to draw the graph. (5 points)

Answers

First graph

y=-16x^2+22x+3(Graph attached)

#A

Use quadratic formula

[tex]\\ \rm\rightarrowtail x=\dfrac{-b\pm\sqrt{b^2-4ac}}{2a}[/tex]

[tex]\\ \rm\rightarrowtail x=\dfrac{-22\pm\sqrt{484+192}}{-32}[/tex]

[tex]\\ \rm\rightarrowtail x=\dfrac{-22\pm\sqrt{676}}{-32}]/tex]

[tex]\\ \rm\rightarrowtail x=\dfrac{-22\pm 26}{-32}[/tex]

[tex]\\ \rm\rightarrowtail x=\dfrac{-1}{8}\:or\:\dfrac{3}{2}[/tex]

[tex]\\ \rm\rightarrowtail x=-0.125\:or\:1.5[/tex]

#B

Vertex will be maximum

Coordinates are

(0.688,10.563)

#C

We have to find x intercepts (Part A)Then vertex(Part B)Then we can graph it

[tex]\sf f(x) = -16x^2 + 22x + 3[/tex]

Part A

To find x-intercepts, the f(x) will be 0

[tex]\sf \hookrightarrow -16x^2 + 22x + 3=0[/tex]

[tex]\sf \hookrightarrow -16x^2 + 24x -2x+ 3=0[/tex]

[tex]\sf \hookrightarrow -8x(2x-3)-1(2x- 3)=0[/tex]

[tex]\sf \hookrightarrow (-8x-1)(2x+ 3)=0[/tex]

[tex]\sf \hookrightarrow -8x-1=0 , \ 2x+ 3=0[/tex]

[tex]\sf \hookrightarrow x=-0.125 , \ x=1.5[/tex]

find y-intercept:

to find y-intercept, x will be 0

[tex]\sf f(x) = -16(0)^2 + 22(0) + 3[/tex]

[tex]\sf f(x) = 3[/tex]

Part B

To find vertex use the formula: x = -b/2(a)

[tex]\sf \rightarrow x = \dfrac{-22}{2(-16)}[/tex]

[tex]\sf \rightarrow x = 0.6875[/tex]

find y coordinates:

[tex]\sf f(x) = -16(0.6875)^2 + 22(0.6875) + 3[/tex]

[tex]\sf f(x) =10.5625[/tex]

coordinates of vertex: (0.6875, 10.5625)

[tex]\bold{\mathrm{If}\:a < 0,\:\mathrm{then\:the\:vertex\:is\:a\:maximum\:value}}[/tex][tex]\bold{\mathrm{If}\:a > 0,\:\mathrm{then\:the\:vertex\:is\:a\:minimum\:value}}[/tex]  

As its positive and greater than 0, the vertex will be Maximum.

part C

To draw the graph, simplify point the vertex on the graph. Then point both the x-intercepts. Also the y-intercept and draw the curve with free hand.

Graph attached:

Which of these describes an angle?

Extends in both directions with no end
The amount of turn between two straight lines that have a common endpoint, or vertex
A part of a line that connects two endpoints
Has a start point but no endpoint

Answers

A part of a line that connects two endpoints I believe

Find the average of this set of numbers.2, 5, 6, 14, 83
A) 22
B) 20
C) 19
D) none of the above

Answers

the answer is D i added then subtracted

Someone help me ASAP !!!!

Answers

Answer:

ok sure wait

Step-by-step explanation:

The mathematics faculty at a college consists of 12 ​professors, 6 associate​ professors, 9 assistant​ professors, and 8 instructors. If one faculty member is randomly​ selected, find the probability of choosing a professor or an instructor.

Answers

Answer: [tex]\frac{4}{7}[/tex]

Step-by-step explanation:

P(a) or P(b) = P(a) + P(b)

This means that the probability of a or b is the same of the probability of a plus b

So let's see the probability of a, selecting a professor

[tex]\frac{12}{12+6+9+8} \\\\\frac{12}{35}[/tex]

We won't simplify just yet so that addition will be easier later

Now let's see the probability of selecting b, an instructor

[tex]\frac{8}{12+6+9+8} \\\\\frac{8}{35}[/tex]

Now add the 2 probabilities together

[tex]\frac{12}{35} +\frac{8}{35} =\frac{20}{35}[/tex]

Simplify.

[tex]\frac{20}{35} =\frac{4}{7}[/tex]

solve picture question​

Answers

Answer:

As it ایس the correct answer is 45

78

7.90

Answer:

Its me Viktor Kozhanov may I have brainliest pleaseI also answered all you questions so give brainliest to those as well

Step-by-step explanation:

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