Calculate the balance for a $4,465 deposit in an account with an APR of 3.0% that compounds interest daily that is invested for 5 years?

Express your answer rounded correctly to the nearest cent. Do not include units on your answer.


help hurry

Answers

Answer 1

Compound interest formula:

Total = start value x ( 1 + rate/compound rate) ^( compound rate x time)

Total = 4,465(1 + .03/365)^(365x5)

Total = $5,187.56

Answer 2

The balance after 5 years will be $5177 and 10 cents.

How to calculate compound interest?

Compound interest is calculated by following formula:

[tex]A(1+\frac{r}{n})^{nt}[/tex]

Here:

A=principle amount=$4465

r=rate of interest/100=3/100=0.03

n=no. of days interest is applied=365 days

t=time period of interest=5 years

Putting all the values in the formula we get:

[tex]4465(1+0.03/365)^{365*5}=$5177.1[/tex]

Therefore, The amount at the end will be $5177 and 10 cents.

To know more about compound interest refer:https://brainly.com/question/12325365

#SPJ2


Related Questions

40 POINTS !! 40 POINTS !!

PLEASE HELP , DONT SKIP !

NO LINKS OR FILES.

Answers

Answer: 3.1

Step-by-step explanation:

Answer:

i agree!!

Step-by-step explanation:

Find the measure of <4.
{
44
158°
{
44 = [?]

Answers

Answer:

<4 = 22

Step-by-step explanation:

<4 = x

x + 158 = 180

x = 22

Same side interior angles are supplementary

<4+158=180<4=180-158<4=22°

Select all the expressions that are equivalent to 16x + 36
16(x + 20)
x(16 + 36)
4(4x + 9)
2(8x + 18)
2(8x + 36)

Answers

Answer:

2(8x+18)

multiply the values in the bracket with 2

2×8x=16x

2×18=36

16x + 36

Answer: 2(8x+18)   ,4(4x+9)

Step-by-step explanation:

16 x+36 =4(4x+9)=2(8x+18)

A stationery store wants to estimate the mean retail value of greeting cards that it has in its inventory. A random sample of 15 greeting cards indicates an average value of $3.00 and a s of $0.40. The critical value for a 99% confidence interval is

Answers

Answer:

The critical value for a 99% confidence interval is T = 2.9768

Step-by-step explanation:

We have the standard deviation of the sample, which means that the t-distribution is used to solve this question.

The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. So

df = 15 - 1 = 14

Critical value

Now, we have to find a value of T, which is found looking at the t table, with 14 degrees of freedom(y-axis) and a confidence level of [tex]1 - \frac{1 - 0.99}{2} = 0.995[/tex]. So we have T = 2.9768

The critical value for a 99% confidence interval is T = 2.9768

Select the function that's represented in the graph

Answers

Answer: y = x^2 - 3

y-intercept = -3

c. Translate the follom
4.) 51 - (x+5)
5.) 3(7-8)​

Answers

Step-by-step explanation:

1. 51-x-5

= 46-x Answer

2. 21-24

= -3 Answer

What is the equation SA=B+1/2Pl used for

Answers

Answer:

To find the surface area of a pyramid

Step-by-step explanation:

The equation is used to find the surface area of a pyramid.

What is -4^2 equal to?

Answers

Answer:

-16

Step-by-step explanation:

Negative four to the second power is equal to -4 x -4 which is -16

What property does the following expression demonstrate? 9(3x) = (9x3)x

Answers

Answer: x=0,\root(3)(3)

Step-by-step explanation: Move all terms to the left side and set equal to zero. Then set each factor equal to zero.

Brainliest or a thank you please? :))

9514 1404 393

Answer:

  associative property of multiplication

Step-by-step explanation:

We assume your equation is ...

  9(3x) = (9·3)x

The parentheses have moved to a different portion of the product. This is allowed by the associative property of multiplication. It lets you associate parts of the product any way you like.

_____

Additional comment

It is not a good idea to use "x" to indicate multiplication in an expression in which "x" is a variable. There are many other ways to indicate multiplication, including using the "times" symbol (×).

Hudson is going to invest $320 and leave it in an account for 9 years. Assuming the
interest is compounded monthly, what interest rate, to the nearest tenth of a percent,
would be required in order for Hudson to end up with $540?

Answers

Answer:

5.8

Step-by-step explanation:

The interest rate, to the nearest tenth of a percent, will be 0.05828.

How do you determine the amount of compound interest?

If the principal amount is P, the interest rate is R percent per unit time, and the compound interest is left for T units of time, the interest amount gained is:

[tex]\rm CI = P\left(1 +\dfrac{R}{100}\right)^T - P[/tex]

The total is:

[tex]\rm A = CI + PA = P(1 +\dfrac{R}{ 100})T[/tex]

The amount is found as;

[tex]\rm A = P(1+\frac{r}{n})^{nt}\\\\ 540=320 (1+\frac{r}{12} )^{12\times 9}\\\\ (1+\frac{r}{12})^{108}=\frac{540}{320}\\\\ 1+\frac{r}{12}=(\frac{540}{320})^{\frac{14}{108}[/tex]

[tex]\rm 1+ \frac{r}{12}=1.00486\\\\ \frac{r}{12}=0.00486\\\\ r=12 \times 0.0486 \\\\ r=0.05828[/tex]

Hence, the interest rate, to the nearest tenth of a percent, will be 0.05828.

To learn more about compound interest, refer:

https://brainly.com/question/11897800

#SPJ2

Chloe flips a fair coin 2 times. What is the probability that she will flip tails both times?

Answers

Answer:

25%

Step-by-step explanation:

If you flip a coin twice, sometimes you get tails twice in a row. That is because each time you flip the coin, the odds remain 1/2; the two flips are independent of each other. The odds of getting tails twice in a row are 1/2 * 1/2 = 1/4. So 25% of the time you'll get heads twice in a row

25% is the correct answer

Help me to find the surface area pls :( :(

Answers

Answer:

154.521

Step-by-step explanation:

Have a good day!

Answer:

154.521

Step-by-step explanation:

Santiago tiene 3 años más que su Prima Daniela y la suma de sus edades es 25. Que
edad tiene Daniela

Answers

Daniela is 11 years old.

How old is Daniela, Santiago's cousin?

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

Let us assume Daniela's age as x.

According to the given information, Santiago is 3 years older than Daniela, so Santiago's age would be x + 3.

The sum of their ages is 25.

We will set up the equation:

x + (x + 3) = 25.

Simplifying the equation, we get:

2x + 3 = 25.

2x = 22.

x = 22/2

x = 11.

Translated question:

Santiago is 3 years older than his cousin Daniela and the sum of their ages is 25. How old is Daniela?

Read more about equation

brainly.com/question/22688504

#SPJ1

I need help with these problem

Answers

9514 1404 393

Answer:

  97,264.64 yd²

Step-by-step explanation:

The circumference of a sphere is the circumference of a circle with the same radius:

  C = 2πr

The area of a sphere is given by the formula ...

  A = 4πr²

In terms of circumference, that is ...

  A = 4π(C/(2π))² = C²/π

Using the given values, the area of the sphere is ...

  A = (552.64 yd)²/3.14 = 97,264.64 yd²

Answer:

97, 264.64 yd²

Step-by-step explanation:

The circumference of a sphere is the circumference of the circle with the same radius:

C= 2πr

The area of a sphere is given by the formula...

A= 4πr²

In terms of circumference, that is...

A= 4π(C/(2π))²=C²/π

Using the given values, the area of the sphere is ...

A= (552.64 yd)²/3.14= 97, 264.64 yd²

how does physical activity improve school achievement​

Answers

Answer:

Cardiorespiratory capacity, muscular strength and motor capacity have an impact on school performance. Better breathing encourages communication between cells and motor skills help improve concentration.

Nigel has 1 cups of butter in his refrigerator. He wants to make cookies and cupcakes. The equation y = 0.5x represents the amount of
butter, in cups, y needed per dozen cookies, X. The table below shows the number of cups of butter needed based on the number of
cupcakes made

Answers

Wheres the table?? You said “the table below” and what are you asking for? I can always answer in the comments section

Answer:

37

Step-by-step explanation:

what is the answer to these questions?

Answers

a=3
b=28
c=3.5
d=8.75
e=75

the volume of a sphere is increasing at a rate of 7 cm^3/s. Find teh rate of change when volume is 4pi/3

Answers

The question is incomplete. The complete question is :

The volume of a sphere is increasing at a rate of 7 cm^3/sec. Find the rate of change of its surface area when its volume is 4 pi / 3 cm^3. (Do not round your answer.)

Solution :

Volume of the sphere, [tex]$V=\frac{4}{3} \pi r^3$[/tex]

Given that [tex]$\frac{dV}{dt}= 7 \ cm^3/s $[/tex]

V = [tex]$\frac{4 \pi}{3} = \frac{4 \pi r^3}{3}$[/tex]

∴ r = 1

[tex]$\frac{dV}{dt} =\frac{4}{3} \pi .3.r^2 \ \frac{dr}{dt}$[/tex]

[tex]$7 = \frac{4}{3} ( \pi )(3) (1)^2 \frac{dr}{dt}$[/tex]

[tex]$\frac{dr}{dt}=\frac{7}{4 \pi}$[/tex]   cm/s

Surface area, [tex]$A = 4 \pi r^2$[/tex]

    [tex]$\frac{dA}{dt} = 8 \pi r \ \frac{dr}{dt}$[/tex]

[tex]$\frac{dA}{dt} = 8 \pi \times \frac{7}{4 \pi} \times 1$[/tex]

    [tex]$=14 \ cm^2/s $[/tex]

What is the radius of a hemisphere with a volume of 81449 ft, to the nearest tenth
of a foot?

Answers

Answer:

44

Step-by-step explanation:

Which expression has a value located to the right of 1 on the number line?
a) -1 - 7
b ) 1 - 7
c) - 7 - 1
d) 7 + 1

Answers

The correct answer is D because a, b, and c all equal a negative which goes on the left side of 1 but d is the only one that equals a positive number which goes on the right side of 1. Hope this helps !!!!

Complete the equation to show how to use the distributive property to express the sum of 30 + 45
with a greatest common factor
30 + 45 = ____ ( ____ + ____ )

Answers

15(2 + 3)

5(6 + 9)

75

1,350

Answers

15(2+3)
15(5)
=75

5(6+9)
5(15)
=75

Both answers are equal to 75 so it should be either or

What is the ratio of 24 volts to 3 volts?

Answers

Answer:

8 : 1

Step-by-step explanation:

24 volts : 3 volts

= 24 : 3

= 24 / 3

= 8

= 8 / 1

= 8 : 1

The ratio of 24 volts to 3 volts 8 : 1.

We have given that,

The ratio of 24 volts to 3 volts

What is the ratio?

The quantitative relation between two amounts showing the number of times one value contains or is contained within the other.

24 volts : 3 volts

= 24 : 3

= 24 / 3

= 8

= 8 / 1

= 8 : 1

Therefore, The ratio of 24 volts to 3 volts 8 : 1.

To learn more about the ratio visit:

https://brainly.com/question/2328454

#SPJ2

3. If your weekly salary is $415.00, how much do you take home each week after deductions are made for federal income tax of $82.13, state tax of $9.74, social security and Medicare tax of $31.75, and retirement plan deduction of $41.50. ​

Answers

Answer:

retirement plan deduction of $41.50. 19.725 divided by 2.5. 6.8 x 78.9. 593.84 divided by 1.3.

Step-by-step explanation:

PLEASE HELP ME!!!!!.........

Answers

Answer:

C.

Step-by-step explanation:

Trust me.

Find the measure of _PUQ.
49
52
369
U
41
43
53
499

Answers

Answer:

43 is the answer ok I hope you helped

3x-4 3x-8 solve for x

Answers

Answer:

32

Step-by-step explanation:

(3x-4)+(3x-8)=180

6x-12=180

6x=192

X=32

Applying the concept of supplementary angles the value of x we get is 32.

Use the concept of supplementary angles defined as:

The pair of angles known as supplementary angles always add up to 180 degrees. The definition of the term "supplementary" is "something supplied to complete a thing." These two perspectives are therefore referred to be complements of one another.

The given angles are:

Exterior angle = 3x - 4

Interior angle = 3x-8

From the figure, we can see that,

These angles are supplementary angles.

And since we know two angles are supplementary angles then,

Their sum = 180 degrees.

Therefore,

3x - 4 + 3x-8 = 180

6x - 12 = 180

Add 12 both sides are,

6x = 192

Divide by 6 on both sides,

x = 32

Hence,

The value of x is 32.

To learn more about supplementary angles visit:

https://brainly.com/question/18362240

#SPJ6

help me please!!!
solve a quadratic equation by factoring

solve for g.

g^2-24g+144=0

Answers

9514 1404 393

Answer:

  g = 12

Step-by-step explanation:

You recognize that 144 is 12², so you check to see if the x-coefficient is 2·12. It is. The quadratic is a square:

  (g -12)² = 0

The only solution is the one that makes the squared term equal to zero:

  g -12 = 0

  g = 12

_____

The square of a binomial is ...

  (a +b)² = a² +2ab +b²

Here, we have a=x, b=-12.

40 pts!
Find the area of the purple sector of the circle with a given radius of 5 units.
Use pi = 3.14 and round to the nearest hundredth.

Answers

Answer:

13.08

Step-by-step explanation:

First find the area of the circle

A = pi r^2

A = 3.14 * 5^2

A =3.14 *25

A =78.5

The angle of the purple sector is 60 degrees

A full circle is 360 degrees

The fraction of the circle that is purple is 60/360 = 1/6

Multiply the area of the circle by 1/6

1/6* 78.5 =13.0833333

Rounding to the nearest hundredth

13.08

Answer:

given

radius [r]=5units

area of purple sector :=60/360×πr²=1/6×π×5²=13.08unit squared

which ordered pair names the point P?

Answers

Answer:

c

Step-by-step explanation:

Answer:

A

Step-by-step explanation:

Which table shows proportional relationship between x and y?

Answers

Answer:

C

Step-by-step explanation:

For a relationship to be proportional, x/y needs to be the same for all rows.

5/8 is not 12/15

5/3 is not 15/11

3/8 is not 5/12.

The table C checks out with a ratio of 3:5

Other Questions
What has become the term that many people use to describe multiple consensual relationships? (3a) refer to pcaob as 2315 par 10 & 46. define sampling risk. explain how the use of mus helps to minimize this risk. identify two reasons you think your manager chose to use mus. The plot below shows the volume of vinegar used by each of 17 students in there volcano expirement. which of the following points are solutions to the equation 3x-4y-8=12(0,-5) ;(4,-2);(8,2);(-16,-17) ;(-1.-8);(-40,-34) January 2 Sold 8 shovels on account at a selling price of $12 per unit. January 16 Sold 13 shovels on account at a selling price of $12 per unit. January 18 Bought 5 shovels on account at a cost of $4 per unit. January 19 Sold 13 shovels on account at a selling price of $12 per unit. January 24 Bought 13 shovels on account at a cost of $4 per unit. January 31 Counted inventory and determined that 16 units were on hand. Compare the journal entries that would be recorded using a perpetual inventory system, including what might be needed. (If no entry is required for a transaction/event, select "No Journal Ent) Discuss the economic characteristics of firms that have the following mix of profit margin and asset turnover. In addition, provide an example of an industry that would have the relevant profit margin asset turnover mix:a. High profit margin and low asset turnover. b. Low profit margin and high asset turnover. The average number of white blood cells per cubic mm in humans is about 7,250 (this is highly variable). We'll assume that = 7,250, and = 1,750. Let's also assume that the number of white blood cells follows a normal distribution.a) Give the values for the number of white blood cells for the middle 50% of people.(Hint/comment: if, for example, you want values for the middle 60%, you need to figure out many percent go in each tail. In other words, if you want the middle 60% that implies that you have 40% left that you need to divide equally into each tail. You will need two numbers in your answer. Draw a picture to help you.)b) Give the values for the number of red blood cells for the middle 90% of people.c) Give the 95th percentile.d) Are you surprised by the answers to (b) and (c)? Explain . If you're not sure what's going on, draw some pictures of the normal curves.e) Calculate the 1st percentile.f) Suppose you come across a person with a white blood cell count of 14,250 per cubic mm. Would you think anything was unusual about this person? Why or why not (make sure you explain this!!). The _____ clause of the fifth amendment ensures that the government does not take private property without just compensation. Due process equal protection self-incrimination supremacy takings Which of the following is true about the cost of commonstock?It should be adjusted for taxes (hint: think of if it pays kids or dogs) and ALWAYS adjustedfor flo D Ltd holds 90% ownership equity of R Ltd. R Ltd holds 75% of the ownership equity of E Ltd. E holds 80% of the ownership equity of S. During the year the following dividends are paid by the respective companies:D $ 600,000R $ 330,000E $ 240,000S $ 195,000 Answer the following question in a couple of sentences. Bond investors often worry about interest rate risk and reinvestment rate risk. What are these risks? Explain how interest rate risk and reinves The following chart represents the cost of producing varying amounts of hamburgers in an hour.Hamburgers (Q)1015202530Workers (L)1.252.43.356.7Wage Rate per hour$7.50$7.50$7.50$7.50$7.50Calculate the cost of producing 20 hamburgers. Round your answer to the nearest hundredths place. This lab is designed to introduce concepts frequently used in physical geogra as significant figures, units, graphing, and isolining Part 1: Math Significant Figures la. Addition (3) 1203.2 11.3 0.024 14.7 +13.0218 aligned 28.8\\ underline 1+48.2 aligned . Multiplication (4) 7.2 * 3.208 =; 1.512 * 26 = 1; 72 * 32.08 = 1; 15.12*26=\ How many significant figures do the following numbers have? (3) 7.8 45600 12.8 * 10 ^ 3 15.030 420 2.177 Exponents Exponents are convenient ways of indicating very large or small numbers For example , or 0.1 10 ^ 1 = 10; 10 ^ 2 = 100 (10) (10 * 10); 10 ^ - 1 = 1/10; 10 ^ - 2 = 1/100 0.01 etc. etc. or Scientific notation uses exponents to express large and small numbers . 230000000 10000km = 2.3 * 10 ^ 8 * km 0.0000314 m = 3.14 * 10 ^ - 5 * m 2. Convert to/from scientific notationNote that scientific notation creates a number between and 10 and then multiplies that number by the appropriate power of ten. Within an organization, who is the best strategist that is responsible for providing ethics leadership? Give five reasons to support your answers. Ag+(aq) + e- Ag(s) E = +0.800 VAgBr(s) + e- Ag(s) + Br-(aq) E = +0.071 VBr2(l) + 2 e- 2 Br-(aq) E = +1.066 VUse the data above to calculate Ksp at 25C for AgBr.A) 2.4 10-34 B) 1.9 10-15 C) 4.7 10-13 D) 6.3 10-2 cultural pluralism allows each minority group to keep its cultural identity. please select the best answer from the choices provided True or False about one oh group (the alcohol functional group) to four carbons makes an alcohol miscible in water. group of answer choices a) true b) false What are some solutions for Amazon to fix employee relations?Specifically with uneasy work conditions and an injury proneenvironment? An Agile Architect has been asked to create a plan for modernizing a major legacy system. Assuming it will take more than a year and multiple Agile Teams to complete, what should the Architect be sure to include as part of the plan?1. Comprehensive architectural documentation to ensure teams know what to build2. A timeline for evolving Solution Intent from variable to fixed3. A plan on how a balance between intentional architecture and emergent design will be managed4. A detailed implementation roadmap with iterative release dates Find a Mobius transformation f such that f(0) = 0, f(1) = 1, f([infinity]) = 2, or explainwhy such a transformation does not exist.