Mathematics College

First National Bank is offering 4.25% interest on an account. Susan makes an
initial deposit of $20,000. Calculate the interest camed over 20 years if the
bank...
a) Calculates the interest using simple interest (I -- Prt).
b) Calculates the interest using compound interest compounded annually.
c) Calculates the interest using compound interest compounded quarterly.
d) Calculates the interest using compound interest compounded monthly.

Answers

Answer 1

The simple interest earned is  $17,000.

The interest earned with annual compounding is $25,978.13.

The interest earned with quarterly compounding is $26,583.59.

The interest earned with monthly compounding is $26,722.72.

The formula that can be used to determine simple interest is: principal x time x interest rate

$20,000 x 20 x 0.0425 = $17,000

The formula that can be used to determine the interest earned with compounding is: Future value - amount invested.

The formula that can be used to determine future value is:

FV = P (1 + r/m)^nm

FV = Future value  

P = Present value  

R = interest rate  

m = number of compounding

N = number of years

Annual compounding = $20,000 x (1.0425)^20 = $45,978.13

Interest earned = $45,978.13 - $20,000 =  $25,978.13

Quarterly compounding = $20,000 x (1 + 0.0425/4)^80 = $46,583.59

Interest earned = $46,583.59  - $20,000 = $26,583.59

Monthly compounding = $20,000 x (1 + 0.0425 /12) ^240 = $46,722.72

Interest earned = $46,722.72 - $20,000 = $26,722.72

To learn more about future value, please check: https://brainly.com/question/18760477

Related Questions

What is the slope of the line that passes through the points C(-2, 4) and D(1, -1)? 3​

Answers

Answer:

-5/3

Step-by-step explanation:

lmk if you want an explanation

Explain how to graph a line when given the standard form Ax + By = C of a linear equation.

PLEASE HELP ME

Answers

Step-by-step explanation:

A= C. - By

x. ×

answer by a

huhuhu

Pls look at picture for question

Answers

Step-by-step explanation:

30/6+3 = 5+3 = 8

hope this helps you.

Sheila is making accessories for the soccer team. She uses 559.24 inches of fabric on headbands for 28 players and 3 coaches. She also uses 271.04 inches of fabric on wristbands for just the players. How much fabric was used on a headband and wristband for each player?

Answers

Answer:

27.72 inches of fabric

Step-by-step explanation:

28+3=31

Fabric used on each player:

559.24÷31=18.04

271.04÷28=9.68

18.04+9.68=27.72

The average temperature in the Arctic Circle is -25 celsius. To the nearest integer, what is the average temperature in the Arctic Circle in degrees Fahrenheit?

Answers

The temperature in the attic circle would be -25 celsius

SOMEONE PLEASE HELP ME!!

Answers

Answer:

should be 3

Step-by-step explanation:

hope you get a good grade

I’m confused with this question I need helppp please

Answers

It's the first one

I hope this help :)

Answer:

B. I and II

More Information:

Function :

A special relationship where each input has a single output.

PLEASE ANSWER FOR 30 POINTS

Answers

Answer:

One Solution

Step-by-step explanation:

x + 3y = 3      

x - y = -3        

4y = 6           Subtract to solve by elimination.

y = [tex]\frac{3}{2}[/tex]              Divide by 4.

x - [tex]\frac{3}{2}[/tex]  = -3      Substitute [tex]\frac{3}{2}[/tex] for y in the original equation.

x = -[tex]\frac{3}{2}[/tex]            Add [tex]\frac{3}{2}[/tex].

Find the slope. Use point-slope formula to write the equation of the line described. Simplify your equation to slope-intercept form.


Through (5,2), Perpendicular to y=-5/7x

Answers

I don’t know the awnser but hope u find it have a great day :)!!enjoy

Find the missing number in this proportion.


7 =2/4

Answers

Answer:

So in between the 2 and the / there is an 8

Step-by-step explanation:

Because 28/4=7

Jada has a new puppy that weighs 9 lb the vet says that the puppy is now about 20% of its doorway what will the adult weight of the puppy be.



​

Answers

Assuming you mean it is currently at 20% if it’s total weight, the answer is 45 lb

This is because 20% goes into 100% 5 times so you would multiply 9 by 5 to get 100% of the dog’s weight

(05.03 LC) What is the initial value of the function represented by this graph? (1 point) ​

Answers

Answer:

0

Step-by-step explanation:

Temperature differences are caused by the differences in air warming from the?
1. Solar Radiation
2. Earth Convection
3. Solar Conduction

Answers

Answer:

1 solar radiationnnnnmnnmnnnnn

s=ut +1/2at
u=10 a= -2 t=1/2
what is the value of s

Answers

Answer: 4.5

Step-by-step explanation:

S= ut + 1/2(at)

S= 10(1/2) + 1/2(-2x1/2)

S= 5 + 1/2(-1)

S= 5 + (-.5)

S= 4.5

What is 3/4+11/12= I can't figure this out

Answers

Answer:

1 2/3

Step-by-step explanation:

1 and 2/3

Note: Enter your answer and show all the steps that you use to solve this problem in the space provided
What is the expression in factored form?

2x^2 + 16x + 24

Answers

Solution : 2(+2)(+6)

Explanation : First, look for the common factor; use the sum-product pattern, then for the common factor from the two pairs, lastly, rewrite in factored form.

please help!! 100 points

Answers

Answer: -6

Explanation:
Plug in 4 for x
H(4)=1/5(4^2-6)-8
After solving you should get -6

[tex]\\ \tt\bull\rightarrowtail h(x)=1/5(x^2-6)-8[/tex]

[tex]\\ \tt\bull\rightarrowtail h(4)[/tex]

[tex]\\ \tt\bull\rightarrowtail 1/5(4^2-6)-8[/tex]

[tex]\\ \tt\bull\rightarrowtail 1/5(16-6)-8[/tex]

[tex]\\ \tt\bull\rightarrowtail 10/5-8[/tex]

[tex]\\ \tt\bull\rightarrowtail 2-8[/tex]

[tex]\\ \tt\bull\rightarrowtail -6[/tex]

Between which two integers does - 1 3/4 lie?

A) -2 and -1


B) -1 and 0


C) 0 and 1


D) 1 and 2 ​

Answers

Your answer would be A) -2 and -1

why you always angry why you always quiet why do you sleep alone when I know you don't like it maybe you might be different will it kill you to tell me the truth what in the hell does a man have to do to be loved by you

Answers

Answer:

Beause you did love to be loved by you

Step-by-step explanation:

Maybe a spoon full of sugar will help but I'm not going to love you because love this pure is hard to find in world so scard from humanity and the hideous presence of me

Okie help help math math math math

Answers

Answer: 33

Step-by-step explanation: In the problem, you are given the figure with the following:

2x+3 and 3x+12

Method: Lets set this into an equation. Remember that straight lines add up to 180°.

2x+3+3x+12=180°    Combine like terms.

5x+15=180°

5x=165°

x=33°

You can always plug in 33° in the expression that was set to make sure it does give you 180°.

Hope this helps.

Answer:

33

Step-by-step explanation:

Is the point (-2, 5) a solution to the equation 2x + 5y = 0?

Answers

Answer:

No

Step-by-step explanation:

substitute -2 for 'x' and 5 for 'y'

2(-2) + 5(5) = 0?

-4 + 25 = 21, not 0

i have 45 points...

Charlie has a box with the following letters inside of it. What is the probability that he will draw a "D," put it back, and then draw an "A?" Write your answer as a simplified fraction.

Answers

Answer:

3/7 and 2/7.

Step-by-step explanation:

P(e) = No of favourable outcomes/ Total no of possible outcomes.

total outcomes=3+1+1+2=7.

(1) p(D) = 3/7.

(2)p(A)=2/7

The probability of drawing a D does not affect the probability of drawing A so the events are independent so you just have to multiply the probabilities

There are 3 D out of 7
There are 2 A out of 7(because we put the card back)

3/7 * 2/7 =6/ 49

88π
Rational or irrational
Good answer i mark brainlest

Answers

Answer:

Irrational

Step-by-step explanation:

The number is irrational because when you convert it to decimal form, you get 276.4601... a repeating decimal that goes on and on.

Answer:

Irrational

Step-by-step explanation:

π is irrational and 88 is rational number.

The product of the two is irrational.

How do I solve this

Answers

Answer:

Step-by-step explanation:

well, I'd just multiply each option out using FOIL

First, Outside, Inside, Last

A) (x + 2√3i)(x - 2√3i)

First                x(x) = x²

Outside          x(- 2√3i) =  - 2x√3i

Inside             x(2√3i)   =    2x√3i

last            (- 2√3i)(2√3i) = -(2²)(√3²)(i²) = -4(3)(-1) = 12

add them all up  x² + 12      looks like it works for me

B) = x² + 36

C) = x² + 4√3 + 12

D) = x² - 12

What is the area of this figure?
3 mm
4 mm
13 mm
what’s the area of this figure?
12 mm
4 mm
15 mm
8 mm
10 mm
.
Write your answer using decimals, if necessary.

Answers

you multiple every side of the figure then you should get the answer

co-efficint of (-xy²) in -5x³y²z⁴​

Answers

[tex]-5x^3y^2 z^4 = 5x^2z^4(-xy^2)\\\\\text{The coefficient of}~ (-xy^2) ~\text{is }~ 5x^2 z^4.[/tex]

can someone please help me i'm almost done with my work

Answers

Answer:

you are correct with the following question

The answer is D, you have the right one chosen

40 people attended the play. 15 were women, 10 were men, and 15 were children. what fraction were men?​

Answers

Answer:

10/40 were men, or simplified the amount is 1/4 of the total is men

Determine the center of the ellipse whose equation is.​

Answers

Answer:

It is reported as an equation but it has no equal sign.

Care to explain?

Step-by-step explanation:

Answer:

  (4, -3) is the center

Step-by-step explanation:

The equation ...

  16x^2 +25y^2 -128x +150y +81 = 0

can be rearranged by completing the square(s) to ...

  (4x -16)^2 +(5y +15)^2 = 400

Dividing by 400 gives ...

  (x -4)^2/5^2 +(y +3)^2/4^2 = 1

This is the equation of an ellipse centered at (4, -3) with major axis 10 and minor axis 8.

Given that f(x) = 4x V3x + 3 and g(x) = 2vx + 1, find x(*)(). х Ox3 20x +3 OxVx+3 +3 O 2x 73​

Answers

Answer: The answer is the last option, Option D.

Other Questions
-12 + 2a = -6(1 + a) + 8a The table shows the amount of time a delivery truck has been driving and the distance traveled. The total distance traveled is a direct variation of the number of hours. Use the model below to find the slope. What is a compound sentence for the word conflagration? What is the value of this expression? 4/15+3/52/3 Quick HELP PLEASE PLEASE I NEED HELP!!!Which equation can be used to find 55 percent of 900?StartFraction 55 times 1 Over 900 times 1 EndFraction = StartFraction 55 Over 900 EndFractionStartFraction 100 times 16.36 Over 55 times 16.36 EndFraction = StartFraction 1636 Over 899.8 EndFractionStartFraction 900 times 9 Over 100 times 9 EndFraction = StartFraction 8100 Over 900 EndFractionStartFraction 55 times 9 Over 100 times 9 EndFraction = StartFraction 495 Over 900 EndFraction You sell tickets for admission to your school play and collect atotal of $156. Admission prices are $8 for adults and $4 forchildren, you sold 24 tickets. How many adult tickets and howmany children tickets did you sell? Pls answer these questions In 2020 researchers took random samples to compare the proportion of adult females to the proportion of adult males who use 2 or more credit/debit cards. The adults were aged 21 and older and they lived in all areas of the U.S. Based on the data collected, the researchers computed a 96 percent confidence interval for the true difference between the proportions of adult females minus the proportion of adult males who use 2 or more credit/debit cards. The confidence interval is: (0.013, 0.049). Assume all checks have been verified.Question:Choose the best answer below concerning the confidence interval for the difference between the true proportions of adult females minus the true proportion of adult males who use 2 or more credit/debit cards. heeelllppp meeee please Aisha bought 15 apples and oranges for $9. 0. Each orange costs $0. 50, and each apple costs $0. 65. Let x represent the number of oranges and y represent the number of apples. Which system can be used to find the number of apples and oranges Aisha bought? x y = 15. 0. 5 x 0. 65 y = 9. 00 x = y. 0. 5 x 0. 65 y = 9. 00 x y = 9. 0. 5 x 0. 65 y = 15. 00 x = y. 0. 5 x 0. 65 y = 15. 0. 6-3y+(-7y)+5.6 i really need answers The container hold 1/2 gallon of water. It is 3/4 full. How many gallons of water are in the container? Which of these challenges is unique to the process of designing prostheses as opposed to engineering other technologies?- Knowing how a material will fail- Using the engineering process- Identifying a need for the technology- Predicting how a technology will interact with human tissue Prisons are typically under whose control?The state or federal governmentIndividual townsCountiesPrisoners A city's population is increasing at a rate of 2% per year.If this rate of growth remains the same and the population is 2 million in the year 2014, approximately how many people will there be after 20 years?a.)2.02 millionb.)2.88 millionc.)2.14 milliond.)2.97 million Find the first three term if the general nth term is T = 2-n Combina estas dos oraciones de comparacin.Andrea tiene 15 aos. Timoteo tiene quince aos.O Timoteo es ms joven que Andrea.O Andrea es mayor que Timoteo.O Andrea es tan vieja como Timoteo.Andrea es tantos aos como Timoteo. please help me im really behind and im trying to catch up but history is just ..the option choices;first choices: North carolinas governorthe mayor of raleighor a state senatorsecond choices:the growth of agriculture a decrease in taxeseducation and infrastructure third choices:help farmersimprove shippingprovide drinking waterfourth choices:rejectedcompleted many ofcompleted all of At what layer in the TCP/IP protocol hierarchy could a firewall be placed to filter incoming traffic by means of:a) message content b) source addressc) type of application PLS HELPP!!! I'LL GIVE BRAINLIEST!What is the main idea of this quote?"In principle, as in the ideas formerly laid down by the men influencing every national party, nationality ought only to be to humanity that which the division of labour is in a workshop-the recognised symbol of association; the assertion of the individuality of a human group called by its geographical position, its traditions, and its language, to fulfil a special function in the European work of civilisation.The map of Europe has to be remade. This is the key to the present movement; herein lies the initiative. Before acting, the instrument for action must be organised; before building, the ground must be one's own. The social idea cannot be realised under any form whatsoever before this reorganisation of Europe is effected; before the peoples are free to interrogate themselves; to express their vocation, and to assure its accomplishment by an alliance capable of substituting itself for the absolutist league which now reigns supreme."