If an amount of $25,000 is deposited into a saving account at an interest rate 4%, compounded semi-annually, how long will it take to accumulate on this account $28,500? The function describing your balance is M(n) =25,000(1+0.04/2)^2n, where n is time in years. Round up your answer to the next period.

Answers

Answer 1

It will take 3 years and 4 months to accumulate $ 28,500.

To determine, if an amount of $ 25,000 is deposited into a saving account at an interest rate 4%, compounded semi-annually, how long will it take to accumulate on this account $ 28,500, the following calculation must be performed:

25,000 x (1 + 0.04 / 2) ^ (2X) = 28500 25000 x 1.02 ^ 2X = 28500 1.02 ^ 2X = 28500/25000 1.02 ^ 2X = 1.14 1.02 ^ 6.62 = 1.14 6.62 / 2 = X 3.33 = X

Therefore, it will take 3 years and 4 months to accumulate $ 28,500.

Learn more in https://brainly.com/question/23251895


Related Questions

Which of the functions below have period pie check all that apply

Answers

There is no photo attached.

Find all factors of 27.​

Answers

Answer:

all the factors of 27 is 1, 3 ,9,and 27

1 , 3 , 9 , 27 hope that helps you

Which of the following is equal to the expression below
(8 - 32014
A 40
B. 30
C 835
D. 1035

Answers

Answer:

C 835Which of the following is equal to the expression below

Which table of ordered pairs represents a proportional relationship?
CS
Х
-2
-4
-6
у
4
16
36
х
-4
-6
-8
y
-8
-12
-18
Х
-3
-5
-7
y
5
3
1
X
-3
6
_9
у
12
24
36

Answers

Answer: A 2-column table with 3 rows.

Step-by-step explanation:

a ratio is a comparison between two or more numbers or quantities

a. True
b. False​

Answers

The correct answer is true

after how many years will £6,000.00 yield a simple interest of £900.00 at 3%​

Answers

Answer:

add 1 Century to divide £6 000 000

Answer:

the answer to your question is 105 I think sorry if it's not

Triangle ABC has coordinates A(-2, -3), B(1, 1), and C(2, -1). If the triangle is translated 1 unit right and 3 units up, what are the coordinates of A'?

Answers

Answer:

answeris: C.(-6,-9)➡(6-9)

Which equation represents the data in the table shown?
A) y = -2x
B) y = 2x + 3
C) y = -2x + 3
D) y = -2x - 3

Answers

Answer:

C

Step-by-step explanation:

the y-axis is getting smaller by 2 so its -2 and the x-axis is getting bigger by 1 so its -2 times 1 which is -2 but then 0=3 so the equation would be y = -2 + 3 :)

please help!

15 - (-20)

Answers

I think it should be 35
35, the two negatives cancel out if they are next to each other, making it a plus sign instead, so its 15 + 20 = 35

Find the GFC of 72 and 64

Answers

Answer:

8

Step-by-step explanation:

GCF of 64 and 72 is 8.

I hope it helps you..

Please help me :)
What is the solution to this system of equations?

Answers

Answer:

The answer is D

Step-by-step explanation:

Plug in the values and see which one is correct.

This the right one click it so you can get it right

Answers

Answer:

The one highlighted yellow is the correct option

6 liters is to 72 km as 50 liters is to x km

WHAT IS THE EQUATION IN SLOPE INTERCEPT FORM FOT THE LINE THAT PASSES THROUGH THE POINTS (2,-2) AND (-3,-17)

Answers

Answer:

y = 3x - 8

Step-by-step explanation:

to find slope the equation (y2 - y1) / (x2 - x1) is used

this means change of y over change of x

[-17 - (-2)] / (-3 - 2)

(-17 + 2) / -5

-15 / -5 = 3

the slope is 3

to find slope intercept form you must find the y intercept

using y = 3x + b and plugging things in we can find it

we can plug in the first point

-2 = 2(3) + b

b is your y intercept

-2 = 6 + b

b = -8

Answer:

y = 3/1x - 8

steps:

(2,-2) (-3, -17)

x1. y1. x2. y2

y2-y1

x2-x1

-17 - -2 = -15. = 3

-3-2. -5. 1

(2,-2)

y= mx + b

-2 = 3/1(2) + b

-2 = 6 + b

-6 -6

-8 = b

y = 3/1x - 8

The perimeter of a triangle is 71 cm. If the longest side of the triangle is 8 cm longer than five times the shortest side and the third side is 7 cm less than four times the shortest side. How long is the longest side of the triangle?

Answers

Answer:

43 cm

Step-by-step explanation:

If the longest side of the triangle is 8 cm longer than five times the shortest side

5s + 8

the third side is 7 cm less than four times the shortest side

4s - 7

The perimeter of a triangle is 71 cm

s + (4s - 7) + (5s + 8) = 71

Combine like terms

10s + 1 = 71

Subtract 1 from both sides

10s = 70

divide both sides by 10

s = 7

---------------------------------

How long is the longest side of the triangle

5s + 8

5(7) + 8

35 + 8

43

This morning, Megan and her dad had smoothies for breakfast. Megan made her smoothie with 1 cup of mango and 3 cups of strawberries. Her dad made a giant smoothie with 2 cups of mango and 6 cups of strawberries. Did the smoothies have the same ratio of mango to strawberries?

Answers

Answer:

Yes.

Step-by-step explanation:

A 6-pack of ice cream sandwiches costs $3.86. What is the unit price, rounded to the nearest cent?


Answers

Answer: so either .64 or , .66,

Step-by-step explanation:

divide 3.86 by 6

A store is having a sale where movies are 15% off their original price a movie is on sale for 22.10$ what was the original price of the movie

Answers

Answer:

The answer is $26

Step-by-step explanation:

So, the price after the sale was $22.10 and to find the original price you have to divide the price by 1- the discount. So, I did $22.10/ 1-0.15. Then, I got $22.10/0.85 and then I divided them by each other and got $26.

In your own words what does pi 7 mean if it’s right I’ll give you brainliest

Answers

Answer:

10

Step-by-step explanation:

Please find the correct answer will give high points, mark brainliest, give 4 stars, and hearts. PLS


Answers

Answer d is correct.
|0.35| is equal to 0.35, |-0.81| is equal to 0.81.
-|0.81| is equal to -0.81.
Answer d is correct because -|0.81| is equal to a negative number and is less than 0, and d is the only answer that states that

A 6 sided die is rolled 2 times. What is the probability of getting a 1 both times ?

Answers

Answer:

Step-by-step explanation:  If you roll the die twice, the probability of getting a even number both times is (1/2)(1/2) ... A probability experiment consists of rolling a 6 sided die

An arrow is shot vertically upward from a platform 45 feet high at a rate of
132 ft/sec. Use the quadratic function h(t)=−16t2+132t+45 to find how long it will take the arrow to reach its maximum height, and then find the maximum height. Round to the nearest tenth.

Answers

Answer:

486 feet will reached after 5.25 seconds, when rounded to nearest tenth would be 5.3

Step-by-step explanation:

Maria finds a local gym that advertises 44 training sessions for $1393. Find the cost of 136 training sessions.

Answers

Answer:

$4305.60

Step-by-step explanation:

1393 divided by 44 = 31.6590909

that's how much for one training session

so to find the pay for 136 sessions you need to do 31.6590909 x 136

which is 4305.63636

if you round that, you get $4305.60

6-4x=12+2x

Solve for x

Answers

6-4X = 12 + 2X
+4X. +4X
6= 12 + 6X
-12. -12
-6 = 6X

X EQUALS -1!

What is the algebraic expression for the following word phrase: "the product of x and the sum of 2 and y"?

Answers

Answer:

x(2+y)

Step-by-step explanation:

sum of 2 and y=2+y

product of x=x times expression

:. Answer =x(2+y)

Use the figure below to find the values of x and y

Answers

Answer:

x=68 and y = 112

Step-by-step explanation:

angles of a triangle must equal 180, so

52°+60°+x°=180

112+x=180 <-- subtract 112 to get x on one side.

x=68

To solve for y, a straight line = 180 so

68+y=180 --> just subtract 180-68

y=112

You charge $1625 on your credit card that adds 8.2% intere don't make any payments, what will your balance be after 4 years compounded continuously?"​

Answers

Answer:$2227.22

Step-by-step explanation: I answered your question in your comment. If its not right report it please.

Can somebody please help this is honestly due tomorrow

Answers

Answer:

I am almost completely sure its 4.

Step-by-step explanation:

I dont mind brainiests by the way

A

Triangle ABC is right-angled at A, and AD is the altitude from A to the hypotenuse BC.
Find x

Answers

Answer:

Step-by-step explanation:

5 x 6:30

This is a glucose molecule. How many hydrogen atoms are in a molecule of glucose? A) 10. B) 11. C) 12. D) 13

Answers

Answer:

12 for sure

Step-by-step explanation:

I just know

Use your work from above to find the sum of 501+502+503+…+800

Answers

Answer:

Step-by-step explanation:

Gauss n(n+1)/2

which is n? the last number of the sum

500(500 + 1)/2 = 125,250

800(800+1)/2 = 320,400

uh oh forgot to read the last one, give me a minute. done

(800 - 501 + 1)(800 + 501)/2

300(1301)/2 = 195,150

or

320,400 - 125,250 = 195,150

Other Questions
What is inertia?(1 point)A. a force that acts on an object at restB. the motion of an objectC. an objects resistance to a change its motionD. the speed and direction of an object in motion Cassidy places 40 stamps on each of 8 albums pages how many stamps dose she place Find the measure of angles A and B in the diagrams below. On November 1, 2019, Davis Company issued $30,000, six-year, 7% bonds for $29,340. The bonds were dated November 1, 2019, and interest is payable each on May 1 and November 1. Davis uses the straight-line method of amortization. How much is the book value of the bonds after the November 1, 2020 interest payment was recorded using the straight-line method of amortization what type of bond is between H2? Definition: This is when an author reveals a person in the story through his/her words, thoughts,appearance, action, or what others think or say about him/her. It is called___ characterization which best describes how a proxy war differs from a traditional war? How have constitutional provisions supported and motivated social movements in the united states? letter writing newspaper to editor on addi ction of gadgets ? The term ________ refers to software that monitors a user's activity on a computer and on the Internet, often installed without the user's knowledge. 4) 4+ 1 =a) 5b) 57212c) 51d) 572612 When a child is more than two standard deviations underweight for his or her age, the child is suffering from a condition called _____. which amendment gave citizenship to all people born in the u.s.? Yuri computes the mean and standard deviation for the sample data set 12, 14, 9, and 21. He finds the mean is 14. His steps for finding the standard deviation are below. S = StartRoot StartFraction (12 minus 14) squared (14 minus 14) squared (9 minus 14) squared (21 minus 14) squared Over 4 EndFraction EndRoot. = StartRoot StartFraction negative 2 squared 0 squared negative 5 squared 7 squared Over 4 EndFraction EndRoot. = StartRoot StartFraction 4 0 25 49 Over 4 EndFraction EndRoot. = StartRoot StartFraction 78 Over 4 EndFraction EndRoot. = StartRoot 19. 5 EndRoot. What is the first error he made in computing the standard deviation? Yuri failed to find the difference between each data point and the mean. Yuri divided by n instead of n -1. Yuri did not subtract 9 - 14 correctly. Yuri failed to square -2 correctly. Hi! Unusual question but many points are offered! Can someone give me a brief essay about the history of Dream Smp? It's not for me but I really do need this. No links or anything like that to cheat points. Thank you! Reeses sister earns $15 per hour. The store offers her a raise - a 6% increase per hour after a raise how much will Reese sister make per hour How might the meaning of this sentence apply to Charlies life in ""Flowers for Algernon?"" help and maybe explain how to solve I just want to double check if I did this right Write an expression.1 a. 49 divided by the difference of x and 2