An account is open with initial deposit of $5500 and earn 2.5% interest compounded annually. What will the account be worth in 10 years

Answers

Answer 1

Answer:

FV= $7,040.46

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $5,500

Number of periods (n)= 10 years

Interest rate (i)= 2.5%

To calculate the future value (FV), we need to use the following formula:

FV= PV*(1 + i)^n

FV= 5,500*(1.025^10)

FV= $7,040.46


Related Questions

Elias purchases a home for $38,900. The value of the home, in thousands of dollars, since his purchase is shown in the table. A 2-column table with 6 rows. The first column is labeled years since purchase with entries 0, 5, 10, 15, 20, 25. The second column is labeled value (thousands of dollars) with entries 38.9, 62.4, 89.3, 145.2, 210.8, 326.5. Find an exponential function that models the data. Round numerical values to the nearest hundredth. Let x be the number of years since the purchase. The function f(x) = ( )x models the data. Use the model to predict the home’s value. After 12 years, the home’s value will be about $ thousand. After 35 years, the home’s value will be about $ thousand.

Answers

Answer:

f(x)=39.59 (1.09)

Use the model to predict the home’s value.

After 12 years, the home’s value will be about $

111 thousand.

After 35 years, the home’s value will be about $

808 thousand.

Step-by-step explanation:

Edge 2021 :)

A function assigns the values. After 35 years, the home’s value will be about $215.079.68 thousand.

What is a Function?

A function assigns the value of each element of one set to the other specific element of another set.

A general exponential equation is given as,

y = A(1+b)ˣ

Now, if x is the number of years since the purchase. And we substitute the value of the x and y from the table. Then we can write,

38.9 = A(1+b)ˣ

A = 38.9

Therefore, the equation can now be written as,

y = 38.9(1+b)ˣ

Substitute the second point in the equation,

y = 38.9(1+b)ˣ

62.4 = 38.9(1+b)⁵

1.604113 = (1+b)⁵

1+b = 1.09912

b= 0.09

Hence, the function that can model the value of the house after x years is y=38.9(1.09)ˣ.

B.) Now the value of the house after 12 years,

y=38.9(1.09)ˣ

y=38.9(1.09)¹²

y = 109.41

The home’s value will be about $ 109.41 thousand.

C.) After 35 years, the home’s value will be,

y=38.9(1.09)ˣ

y=38.9(1.09)¹⁰⁰

y = 215.079.68

After 35 years, the home’s value will be about $215.079.68 thousand.

Learn more about Function:

https://brainly.com/question/5245372

#SPJ2

el acensor de 8 es 7'?

Answers

Answer:

La planta de la que ha salido el ascensor es: -1(planta del sótano)

Datos:

Subió 8 pisos

Piso final= 7

Explicación:

Para resolver el enunciado, se debe tener en cuenta que:

Piso final - Piso inicial= 8

Reemplazando y despejando:

7-Piso inicial= 8

Piso inicial= 7-8

Piso inicial= -1

Por lo tanto, ha salido de la planta del sótano

Verificando:

Piso inicial +8= piso final

-1+8= Piso final

7= piso final

Profundiza en matemáticas en brainly.lat/tarea/10834640

Step-by-step explanation:

Answer:

¡Eso es extraño! Espero nunca llegar a ver que me perdería. ¿Sería como si el octavo piso fuera en realidad siete?

Step-by-step explanation:

someone please help me answer this

Answers

b= 30
a2+b2=c2
72^2+b^2 = 78^2
5184+b^2 = 6084
b2 = 900
b = 30

Answer:

b = 30 km is the answer

Step-by-step explanation:

a = 72 km

b = ?

c = 78 km

According to the Pythagoras theorem,

a² + b² = c²

72² + b² = 78²

5184 + b² = 6084

b² = 6084 - 5184

b² = 900

b = 30 km

∴ b = 30 km is the length of the missing leg

count the numbers of triangles in the figures​

Answers

Answer:

A

Step-by-step explanation:

look it carefully.

PLS HELP SHOW ALL UR STEPS AND PLZ DONT GIVE ME A LINK TO FOLLOW IM JUS A LITTLE KID TRYNNA GET THIS RIGHT

Answers

third side =√{30²+16²)=34

sin theta/2=16/34

theta/2=sin-¹(16/34)

theta=28.07×2=56.14

A triangle on a sphere could have____
degrees.
A. 175
B. 220
C. 180
D. any number of

Answers

Answer:

I guess it is 180

Step-by-step explanation:

have a good day!

A triangle on a sphere could have 220 degrees. Therefore, the correct option is option B among all the given options.

What is spherical triangle?

This spherical triangle is indeed a shape created on a sphere's surface by three.  The spherical triangle is indeed a shape created on a sphere's surface by three large circular arcs coming together pairwise at its three vertices.

The spherical triangle, which is frequently referred to as an Euler triangle when three of its vertices are intersected pairwise by circular arcs, is the spherical equivalent of the planar triangle. The spherical triangle, also known as an Euler triangle, is the spherical equivalent of the planar triangle. A triangle on a sphere could have 220 degrees.

Therefore, the correct option is option B.

To know more about spherical triangle, here:

https://brainly.com/question/4637858

#SPJ7

Which fraction is equivalent to 10/15

Answers

Answer:

2/3

Step-by-step explanation:

Answer:

2/3

Step-by-step explanation:

divide each number by the GCF of the two: 5

10/5 = 2

15/5 = 3

Simplify it: 2/3

1) 1Find the measure of the arc or angle indicated by a question mark (?). Assume that lines that appear to be tangent are tangent. ​

Answers

Answer:

120 degrees

Step-by-step explanation:

55+ 185/2 = 120

The population of racoons in a town increased by 10% from Year 1 to Year 2. The population of racoons in Year 2 is 66.

Answers

Answer:

59.4 year one

Step-by-step explanation:

i dont know  if this what you mean but i think this is what you mean

find the angle of elevation of a kite on a 50m
string flying 40m vertically above the ground.

Answers

sin(x)=40/50
x= sin^-1(40/50)
x= 53.1301023542—>53.1 rounded to the nearest tenth
angle of elevation is 53.1

The angle of elevation of a kite is 53.13°

What is angle of elevation?

"It is the angle formed by the line of sight and the horizontal plane for an object above the horizontal surface."

What is sine angle?

"For a right triangle, the sine of acute angle [tex]\theta[/tex] is,

[tex]sin(\theta)=\frac{opposite ~side}{hypotenuse}[/tex]"

For given question,

Consider the following diagram for given question.

The length of the string (AC) = 50m

The kite is flying 40m vertically above the ground.

⇒AB = 40m

We need to find the angle of elevation [tex]\theta[/tex]

Consider the sine of angle  [tex]\theta[/tex]

[tex]\Rightarrow sin(\theta)=\frac{AB}{AC} \\\\\Rightarrow sin(\theta)=\frac{40}{50}\\\\\Rightarrow sin(\theta)=0.8\\\\\Rightarrow \theta=sin^{-1}(0.8)\\\\\Rightarrow \theta=53.13^{\circ}[/tex]

Therefore, the angle of elevation of a kite is 53.13°

Learn more about the angle of elevation here:

https://brainly.com/question/21137209

#SPJ3

Which of the following is true about the figure?

a. m MUC - m MUP = m PUC
b. m DUC + m VUA = m DUV
C. m MUC = m MUV = m VUA = m AUD
d. m CUA + m DUP = m PUM​

Answers

Answer:

a. m<MUC - m<MUP = m<PUC

Step-by-step explanation:

From the options given, the only statement that is true of the figure shown is:

a. m<MUC - m<MUP = m<PUC

Rationale:

m<MUC = m<MUP + m<PUC (Angle Addition Postulate)

Subtract m<MUP from each side

m<MUC - m<MUP = m<PUC

Which of these describes the transformation of ∆XYZ to ∆X᾿Y᾿Z᾿?

Answers

9514 1404 393

Answer:

  A.  translation 8 left

Step-by-step explanation:

Points X'Y'Z' are in the same clockwise order as points XYZ, so no reflection is involved.

Point X' at -6 is 8 units left of point X at 2. ΔXYZ has been translated left 8 units to make ΔX'Y'Z'.

Answer:

a is the answer.

Step-by-step explanation:

HELP PLEASEEE!!! ILL GIVE BRAINLIEST

Answers

Answer:

A:8yd

B:2ft

Step-by-step explanation:

A.....All sides of a square are equal and a square has four side so take 32yd/4 and get 8

B.....square root of 4

What is always true about the net of a prism?
It contains 0 triangles.
It contains 0 or 2 triangles.
O It contains 3 or more triangles.
o It contains 4 or more triangles.

Answers

Answer:

B: It contains 0 or 2 triangles

Step-by-step explanation:

Just took the unit test review on edge and this was the answer

2021

Answer:

it is b the other person is right just did the unit test review

                                              I I

Step-by-step explanation: OO

A cooler contains eleven bottles of sports drink: five lemon-lime flavored, three orange flavored, and three fruit-punch flavored. You randomly grab a bottle. Then you return the bottle to the cooler, mix up the bottles, and randomly select another bottle. Both times you get a lemon-lime drink.

Answers

Answer:

the reason you picked up more lemon lime drinks was because it had the most in the cooler.

Step-by-step explanation:

Answer:

25/121 chance of grabbing a lemon-lime bottle twice.

Step-by-step explanation:

5/11 chance the first time, times 5/11 for the second time (no removal factor) is 25/121 chace, or around a 20.66% chance.

The area of a triangle is 108 square meters. If the height is 12 meters, what is the length of the base?

Answers

Answer:

area of triangle = 1/2 b×h

Step-by-step explanation:

108=1/2×b×12

108×2=12b

216/12=b

18=b

find the length of the third side. if necessary, round to the nearest tenth. 12 5

Answers

Answer:

The Answe for the third side is 60

Jack bought 3 slices of cheese pizza and 4 slices of
mushroom pizza for a total cost of $12.50. Grace
bought 3 slices of cheese pizza and 2 slices of
mushroom pizza for a total cost of $8.50.
a. What is the cost of one slice of cheese pizza and
one slice of mushroom pizza?
b. Jordyn met Jack and Grace for pizza. She bought 5
cheese slices and 2 mushroom pizzas. How much did
she spend?

Answers

A) each slice costs 1.70 1.70x2=3.40 (8.50/5=1.70)
B)each slice still costs 1.70 1.70x7=11.90

Please help with this, its do right know

Answers

The answer is A because it can be put into the equation: y= 3x+10

Answer:

A

Step-by-step explanation:

y = 3x + 10

Ur welcome

In a given equation, C varies inversely with D. If C is 50 when D = 11.5 , find C when D = 20

Answers

Answer:

Sry I don't know yrrrrrrrrrrrr

NO FILE HOSTING LINKS!!!!!!
BRAINLIEST!!!
PLEASE HELPP
Answer each part. If necessary, round your answers to the nearest hundredth.

Answers

Answer:

A. 7 pounds

B. $1.60

Step-by-step explanation:

For A you Divide 21 by 3

For B you Divide 14 by 9

(2x+1)(x^3+2x^2-3) I need this answer

Answers

Answer:

2^4+5^3+2^2−6−3

Step-by-step explanation:

Distribute, Combine like terms, Rearrange terms from most ^# to least- then -3

Answer:

= 2x⁴+5x³+2x²-6x-3

Step-by-step explanation:

(2x+1)(x³+2x²-3)

= (2x⁴+4x³-6x)+(x³+2x²-3)

= 2x⁴+4x³-6x+x³+2x²-3

= 2x⁴+5x³+2x²-6x-3

The sum of two numbers is 66. The smaller number is 18 less than the larger number. What are the numbers?

Answers

x+y=66
x-18=y

x+x-18=66
2x=66+18
2x=84
x=84/2
x=42

y=x-18
y=42-18
y=24

Check:
42+24=66

42-18=24

Good luck.

what is the sum, product of
[tex]2 {x}^{2} + 3x = 0[/tex]

Answers

I believe the sum of the root is: -3/2
And the product of the root is: 0

I hope this helps and have a great week :)

Please help I’ll mark you as brainliest if correct

Answers

Answer:

190.5 Centimeters.

Step-by-step explanation:

Brainliest pls?

How many pairs of glasses can we make with the foil beads and how many foil beads will be left over ?

Answers

Answer:

I hate to break it, but you ain't giving any information or numbers

Final Answer for 6.39 ÷ 0.09?

Answers

Answer:

71 is the answer. Good luck

Answer:

71

Step-by-step explanation:

Write a proportion

Four fruit smoothies use 2 1/2 cups bananas. How many cups of bananas are needed to make six fruit smoothies? Will give Brainest if explained

Answers

Step-by-step explanation:

4 smoothies = 2 1/2 banana

you need to make 2 more smoothies, So half of what you did already.

(2.5)/2= 1.25 then add them (2.5)+(1.25)

6 smoothies = 3.75 or 3 3/4, same thing.

How Do You Know a Solution is a Solution

Answers

Solution in terms of general solution of an equation means the final answer that is gotten for solving the equation

i’ll give brainliest please help it's due in 30 min

Answers

Answer: √8
Explanation: x=(5/√8) x (√8 √8)
Other Questions
Someone help me with this please! 20 points and Brainliest if its correct! Which rhyme scheme is used in this stanza? A B B A AA A A B AA A B B B A A A B B A sample of Ne(g) has a volume 250 mL at 752 mm Hg. What is the new volume if the temperature and amount of gas held constant, the pressure is;a) lowered to 385 mm Hg.b) Increased to 3.68 atm. Please help me ... 6a + 2(c - b) when a = 2, b = 1, and c = 9 I know th answer but I just need an explanation how do you use subscripts and coefficients to determine the number of atoms in a molecule. Which expression is equivalent to the expression below? Select all that apply.-2/5(15 - 20d + 5c)1. -30 + 40d - 10c2. -6 + 8d - 2c3. -2c + 8d - 64. 6 - 3d + 2c Two chords, AB and CD intersect at a point E. If the measure of arc AC is 100degrees and the measure of arc BD is 72, find the measure of ZAEC. The Texas Hill Country ecosystem supports a variety of organisms. Animals such as owls, coyote, snakes and hawks compete for small animals for food. What might happen if the population of these predators became too large? The predators would share the prey population equally among all of the predator species. The predators would begin to eat plants rather than their usual prey. The predators would have more offspring of great size. The predators would consume the prey population faster than it could be replaced. Please help me! Its due soon! I will give brainlest to the first person NOT TO THE PEOPLE WHO JUST WANT MY POINTS! How is Pegasus character in the myth altered in the poem Pegasus in Pound?A. In the myth, Pegasus disobeys his owners; in the poem, he refuses to be a plow horse.B. In the myth, he finds a home in Mount Olympus; in the poem, Pegasus already lives with the gods.C. In the myth, he rewards his savior; in the poem, Pegasus punishes the villagers for locking him up.D. In the myth, Pegasus is controlled by others; in the poem, he acts more independently. What is the midpoint between (-4,4)and(-2,2) Consider the conditions and intentions behind the creation of the internetthat it was initially created as a tool for academics and federal problem-solvers. How might that explain some of the security vulnerabilities present in the internet today? 15. Which of the following statements best explains how often to use parenthetical or in-text citations in your writing?O A. If you have several sentences of material from the same source, cite it at the end of every sentence.OB. If you have several sentences of material from the same source, cite it once after the chunk of information.O C. Never use more than one in-text or parenthetical citation per paragraph.D. When in doubt, cite less often rather than more often. Plz help! Actually Answer plz!During halftime of a football game, a slingshot launches T-shirts at the crowd. A T-shirt is launched from a height of 4 feet with an initial upward velocity of 80 feet per second. The T-shirt is caught 41 feet above the field. How long will it take the T-shirt to reach its maximum height? What is the maximum height? What is the range of the function that models the height of the T-shirt over time? why all monosacharides and dissacharides are soluble in waters Can someone please tell 5% as a fraction What number should be added to both sides of the equation to complete the square?x2 - 6x = 5 Which evidence supports the theory of ocean floor spreading? A) The rocks of the ocean floor and the continents have similar origins. B) In the ocean floor, rocks near the mid-ocean ridge are cooler than rocks near the continents. C) The pattern of magnetic orientation of rocks is similar on both sides of the mid-ocean ridge D) The density of oceanic crust is greater than the density of continental crust. how long can trees in the rainforest live?1) 100 years2) 250 years3) 350 years Match each of the following terms with their definition - Before-tax cost of debt - Cost of preferred stock - Cost of Common Stock - WACC A. The interest rate the firm must pay on new long-term borrowing B. the rate of return on retained earnings, and adjusted for flotation costs C. rate of return investors require based on the preferred stock dividend D. the average cost of raising new financing