Cory is saving for his son's college education. If the savings account earns 2.8% interest
compounded monthly, and he wants to have $25,000 in 18 years, what must the principal
be? Round your answer to the nearest dollar.

Answers

Answer 1

Answer:

principal is $15112

Step-by-step explanation:

25000=P(1+ 0.028/12)^(12times18)

Answer 2

The principal amount of the savings is $15111.6

How to determine the principal amount?

The given parameters are:

Interest rate, r = 2.8%Amount, A = $25,000Time, t = 18 yearsNumber of times compounded, n = 12 i.e. monthly

Amount is calculated using:

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

So, we have:

25000 = P(1 + 2.8%/12)^(12 * 18)

Make P the subject

P = 25000/(1 + 2.8%/12)^(12 * 18)

Evaluate the expression

P = 15111.6

Hence, the principal amount is $15111.6

Read more about compound interest at:

https://brainly.com/question/2455673

#SPJ9


Related Questions

kengrew 4/5 of an inch last year sang grew three eighths of an inch who grew more and by how much ​

Answers

Answer:

Ken;

Step-by-step explanation:

Ken grew 4/5 of an inch. 4/5=0.8

Sang grew 3/8 of an inch. 3/8= 0.375

0.8 > 0.375 so Ken grew more.

0.8 - 0.375 = 0.425

So, Ken grew 0.425 more inches than Sang grew. 0.425 is also the same thing as 17/40.

what is the quotient? ​

Answers

Answer:

1/9

Step-by-step explanation:

(-3)^0 = 1

(-3)^2 = 9

so, 1/9

Is this a function? please explain if possible.​

Answers

Answer:

Yes, it is a function.

Step-by-step explanation:

A function is a relation where each x-value (input value) has exactly one y-value (output value) that is related to it or mapped to it. In order words, in a function, an input value can only have one output value.

Thus, the relation represented by the table of values above is a function because every x-value (input value) has exactly one y-value (output value).

One angle of a parallelogram measures 70°. What are the measures of
the other three angles in the parallelogram?

Answers

Answer:

70,110,110

Step-by-step explanation:

angles in a parallelogram=360, opposite angles are equal, so two of the angles measure 70° each, 70+70=140, 360-140= 220, 220÷2= 110

A collection of coins is inside a bag. Find the probability of selecting a quarter out of the bag by only removing one coin at a time. Each time you select a coin, you mark
the coin on the tally chart below, and then put the coin back in the bag.
Coin
Number of Coins
cent
6
Inickel
4
dime
10
quarter
12

Answers

Answer:3/8

Step-by-step explanation:

Choose the best response

Answers

Answer:no

Step-by-step explanation:shdbdjxbejxidvdkdidbdndjd

what is 13.646 rounded to the nearest whole number

Answers

Answer:

The answer is 14.

Step-by-step explanation:

what would the circumference be of a circle if the radius is 14

Answers

C≈87.96 because C=2πr=2·π·14≈87.96459

Find the indicated side of the
right triangle
60°
7
30°
х
X=
= [?] )

Answers

The value of x is 14 units.

Trigonometry values

When handling and dealing with difficulties involving the measurement of length and angles of a right-angled triangle, trigonometric values of ratios such as sine, cos, tan, cosec, cot, and secant come in handy. The trigonometric function is widely used to solve trigonometric issues at 0°, 30°, 45°, 60°, and 90°.

How to determine value of x?

We know for angle of 30° the base is 7 and perpendicular is x

then

sin30° = 7/x

      [tex]\frac{1}{2} =\frac{7}{x}[/tex]

       x = 7

hence, the value of x = 14 units

Learn more about Trigonometry values here: https://brainly.com/question/22698523

#SPJ2

Find the measure of angle 1.​

Answers

Answer:

Do you have an attached picture?

Step-by-step explanation:

Answer:

There's nothing there

Step-by-step explanation:

which graph represents the function f(x) = 4|x|?

Answers

the answer to your question is B / the second graph

Answer:

the 2nd one(the steep one thats in the middle of top row)

Step-by-step explanation:

it transformed the function with a vertical stretch of 4

This jar has 1 red, 74 yellow, and 25 green gumballs. What are the chances of picking a green gumball? the red one? ​

Answers

Answer: green = 25/100, red = 1/100

Step-by-step explanation: add ALL of the gumballs, there's your denominator, now you have 0/100 (1+74+25), count the amount of marbles you want to get the probability of, lets say green, there's your numerator (25) = 25/100

Please help what is the answer if you put a link you will get reported

Answers

Answer:

it's 1and 3 are the modes

35 minus 3 multiply by 8

Answers

Answer:

3*8=24 --------- 35-24=11

Answer:

11

Step-by-step explanation:

The equation is 35 - 3 • 8

To solve it, we can use the order of operations: PEMDAS. (Parenthesis, Exponents, Multiplication, Division, Addition, Subtraction)

Simplify:

35 - 24

11

hope this helps! have a great day!

expand the square of a binomial (r-q)^2​

Answers

Answer:

Step-by-step explanation:

Either memorize these two formulas, or derive them through multiplying r - q by r - q.

(r - q)^2 = r^2 - 2qr + q^2, and

(r + q)^2 = r^2 + 2qr + q^2    This is the square of the binomial (r + q).

Kelly had an apple. She cut it in half, and then she cut it in half again.
She ate three pieces of the apple. How many pieces did Kelly have left?

Answers

Answer:

1

Step-by-step explanation:

Answer:

kelly had only 1 piece left

Step-by-step explanation:

she cut it in half she got 2 pieces , when she cut it again in half she got 2 more . she then ate 3 pieces and 1 got left.

total piece= 4

eaten =3

left = 1

how do you graph the inequality of x<-3

NO LINKS I WILL REPORT YOU​

Answers

Answer:

The graph is all of the plane on and to the right of the vertical line whose equation is x=-3.  Take two points whose x-coordinates are -3, say (-3,-3), and (-3,3),  connect with a straight line.

Step-by-step explanation:

Two catalysts may be used in a batch chemical process. Twelve batches were prepared using catalyst 1, resulting in an average yield of 84 and a sample standard deviation of 3. Fifteen batches were prepared using catalyst 2, and they resulted in an average yield of 90 with a standard deviation of 2. Assume that yield measurements are approximately normally distributed with the same standard deviation.
(A) Is there evidence to support the claim that catalyst 2 produces higher mean yield than catalyst 1? Use alpha = 0.01.
(B) Find a 99% confidence interval on the difference in mean yields that can be used to test the claim in part (a). (e.g. 98.76).

Answers

Answer:

Step-by-step explanation:

From the given information:

Let assume:

[tex]\mu_1 =[/tex] population mean for catalyst 1

[tex]\mu_2 =[/tex] population mean for catalyst 2

Then:

Null hypothesis: [tex]\mu_1 \ge \mu_2[/tex]

Alternative hypothesis: [tex]\mu_1 <\mu_2[/tex]

[tex]\alpha= 0.01[/tex]

By using MINITAB software to compute the 2 sample t-test, we have:

Two-Sample T_Test and CI

Sample    N     Mean     StDev      SE Mean

1               12     94.00      3.00       0.87

2              15      90.00     2.00      0.52

Difference = [tex]\mu_1(1)-\mu_2(2)[/tex]

Estimate of difference: -6.00

99% upper bound for difference: -3.603

T-test of difference: 0  (vs <): T-value = -6.22

P.value = 0.000

DF = 25

Both use Pooled  StDev = 2.4900

From above result

the test statistics = -6.00

p-value = 0.00

Decision Rule: To reject [tex]H_o\ \ if \ \ p \le \alpha[/tex]

Conclusion: Provided that p-value is < ∝, we reject [tex]H_o[/tex]. Hence, there is sufficient evidence to support the given claim.

b) From the MINITAB;

The 99% C.I on the difference in the mean yields that can be applied to test the claim in part (a) is:

[tex]\mathbf{\mu_1 -\mu_2 \le -3.60}[/tex]

what is the value of log39?

Answers

Log(39) = 1.59106460703

I need help with this equation!!

Answers

Answer:

6,4

Step-by-step explanation:

Answer:

6 and 4

Step-by-step explanation:

So for the pattern, on the left side it's going up 2. And on the right side it's going down 2.

Hopefully this helps

PLEASE HELp find the value of each variable in the parallelogram

Answers

Answer:

z = 28

d = 126

Step-by-step explanation:

20 = z-8

20+8= z-8+8

28 = z

d-21 = 105

d-21+21 = 105+21

d = 126

The value of variable d is 126 degrees and value of variable z is 28 in the parallelogram.

What is Parallelogram?

A parallelogram is a simple quadrilateral with two pairs of parallel sides.

We know that the opposite or facing sides of a parallelogram are of equal length and the opposite angles of a parallelogram are of equal measure.

So d-21=105

Add 21 on both sides

d=105+21

d=126

and 20=z-8

Add 8 on both sides

20+8=z

28=z

Hence, the value of variable d is 126 degrees and value of variable z is 28 in the parallelogram.

To learn more on Parallelogram click:

https://brainly.com/question/19187448

#SPJ2

10 points is all i have. PLEASE HELP!!

Answers

Answer:

Step-by-step explanation:

Answer:

Look Below

Step-by-step explanation:

2. X - 5 = -2 / X = 3

3. 2X = 10 / X = 5

4. 5X + 10 = 10 / X = 0

If you find any fault in my answers please let me know! Thanks! Have a good day! Hope this helps!

⚠️⚠️HELP PLEASE DUE BY MIDNIGHT⚠️⚠️
*explain if you can*

Write two different quadratic equations to represent the function with a vertex of (3,-5).

Answers

y=x^2+2x-15
x is squared


What is the circumference of the circle with a radius of 3.22 Round to the nearest tenth.

Answers

To calculate the circumference multiply the radius by 2 to get the diameter. Multiply the result by π, or 3.14 for an estimation.

3.22x 2 = 6.44

6.44x π= 20.23185668911827

rounded to the nearest ten: 20.2

In the set {(2,4),(5,6),(2,-3)} why is this relation not a function?

Answers

Answer:

This relation is not a function because the x coordinate "2" repeats in more than two functions.

Step-by-step explanation:

Hope it helps :)

A sealed room in a hospital, measuring 5m wide, 10m long, and 3m high, is filled with pure oxygen.
One cubic meter volume of oxygen contains 1000L gas, and 22.4L of oxygen gas contains
6.02 x 1023 molecules (Avogadro's number).
A. 2.1976 x 100 molecules
B. 3.0051 x 1026 molecules
C. 4.0313 x 1027 molecules
D. 7.5014 x 1030 molecules​

Answers

Answer:

Option C. 4.0313×10²⁷ molecules.

Step-by-step explanation:

We'll begin by calculating the volume of oxygen in the room. This can be obtained by calculating the volume of the room since the gas will eventually fill the room.

Width (W) = 5 m

Length (L) = 10 m

Height (H) = 3 m

Volume (V) =?

V = L × W × H

V = 10 × 5 × 3

V = 150 m³

Thus, the volume of oxygen is 150 m³

Next, we shall convert 150 m³ to L. This can be obtained as follow:

1 m³ = 1000 L

Therefore,

150 m³ = 150 m³ × 1000 L / 1 m³

150 m³ = 150000 L

Finally, we shall determine the number of molecules of oxygen in the room. This can be obtained as follow:

22.4 L = 6.02×10²³ molecules

Therefore,

150000 L = 150000 × 6.02×10²³ / 22.4

150000 L = 4.0313×10²⁷ molecules

Thus, the number of molecules of oxygen in the room is 4.0313×10²⁷ molecules

4. What happens to the average kinetic energy of matter when heated?​

Answers

Kinetic energy increases, and particles move more

Answer:

because it is melted

Step-by-step explanation:

let

body heating on 100c and its average is 50

What is the product?

Answers

Answer:

it is B

Step-by-step explanation:

Brainliest or

5 stars and 1 heart or both if your realy kind

PS correct me if im wrong on the answer

The answer is the third one hope this helps :) :) :)

Find the value of the variable:

Answers

Answer:

∠v = 76°

Step-by-step explanation:

since it is an isosceles triangle, both angles at the top of the picture are 52°.

∠v = 180° - 52° - 52° = 76°

Its says in question 4 tue horizontal translation is A right.?

Answers

Answer:

Here we have:

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

We want to know the horizontal translation used here.

We need to discuss two types of transformations here.

horizontal translation.

If we have a function f(x), a horizontal translation of N units is written as:

g(x) = f(x + N)

if N is negative, the translation is to the right.

if N is positive, the translation is to the left.

Horizontal dilation.

For a function f(x) an horizontal dilation of scale factor k is written as:

g(x) = f( x/k)

You can see that in our function we have both of these transformations.

Because we compare the translation with f(x), we assume that the horizontal translation is the first thing we did, then we must have

translation:

g(x) = f(x + N)

and now a horizontal dilation of scale factor k

g(x) = f( (x + N)/k)

Then we must have that the argument of the above function is the same as the argument of the given function.

(x + N)/k = 2*x - 2

then:

k = 1/2

(x + N)/1/2 = 2*x + 2*N = 2*x - 2

2*N = -2

N = -2/2 = -1

This means that we have a translation of 1 unit to the right.

Other Questions
7. Jerry has 23 coins in nickels, n, and dimes, d. Hehas $1.95 altogether. How many nickels does Jerryhave? Read the excerpt from "The Lottery."The children assembled first, of course. School was recently over for the summer, and the feeling of liberty sat uneasily on most of them; they tended to gather together quietly for a while before they broke into boisterous play, and their talk was still of the classroom and the teacher, of books and reprimands.What information from the excerpt is ironic?The children are still thinking about school now that is summer.The children gathered quietly together.The children arrived first for the lottery.The feeling of freedom from school is an uneasy one. Pls help if you can Thx! lve had a crush on a girl for 4 years now,Do i love her or its still just a crush 18. Paris tends to view personality as fairly stable and therefore her personality is more stable, whereas Lanetends to view personality as fairly changeable and therefore her personality is more changeable. Thesedifferences in attitudes and personality are most consistent with theneed help asap Can someone tell me if this is correct Help! I'll give 30 points!!!!!! PLEASE ANSWER THIS ASAP I WILL MARK YOU THE BRAINLIEST The actual subject is Science but they dont have that as a option in pick a subject Substance abuse is a disease that can be treated.True or False Which selection best indicates the slices that can be made from from the right triangular prism?Question 1 options:triangle, trapezoid, rectangle, quadrilateral, pentagontriangle, trapezoid, quadrilateraltriangle, trapezoid, hexagontriangle, quadrilateral, hexagon Which of these groups did Hitler dislike, according to the text?i. Slavic peoplesii. Aryan Germansiii. Asiansiv. Rich peopleV. Jewsvi. Mentally ill people What is the sum of the interior angles of the polygon pictured below? Give an example of how the environment can affect an organisms phenotype Match the body cavity type to its proper description. - Coelomate - Pseudocoelomate - Acoelomate - Coelom A. A fluid or air-filled space between the digestive tract and the outer body wall. B. Completely lacks a body cavity between the digestive cavity and outer body wall. C. Has a body cavity lined by tissue derived from the mesoderm and by tissue derived from the endoderm. D. Has a body cavity completely lined by tissue from the mesoderm. E. Germ Layer Classify the triangle based on its angles what causes wind to flow ? Suppose the economy is experiencing an output gap of 3%. a. Select each response that indicates how monetary policy or fiscal policy can be used to raise actual output toward potential output. The government can increase its spending or reduce taxes, which will shift the IS curve to the right and increase GDP. The Fed can reduce the interest rate, which will shift the MP curve down and increase GDP. Firms can increase production, which will shift the IS curve to the right and increase GDP. The Fed can increase the interest rate, which will shift the MP curve up and reduce GDP. The government can increase taxes, which will shift the IS curve to the left and reduce GDP. b. The policies you identified in part a if used together, will cancel each other out, and the economy will remain in output gap of -3%. cannot be used together because each moves the economy in a different direction. can be used together to raise actual output toward potential output. AABC maps the outline of a new park. What is the area of the park? An airplane is flying 4 miles directly over your house. The distance between your house and the airport is 12 miles. How far apart are the airplane and the airport? How many Faraday is needed to deposit 0.2 g of Calcium (Ca) from CaCl2 solution using electrolysis process.