You plan to invest $100 per month for the next 10 years into an account that pays 8% with daily compounding. How much will you have in the account in 10 years?

Answers

Answer 1

Answer:

FV= $18,213.18

Step-by-step explanation:

First, we need to calculate the monthly real interest rate:

Daily interest rate= 0.08/360= 0.00022

Monthly interest rate= (1.00022^30) - 1

Monthly interest rate= 0.0066

Assuming a year of 360 days, and months of 30 days.

Now, we can determine the future value of the investment:

Monthly deposit= $100

Number of periods= 10*12= 120

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {100*[(1.0066^120) - 1]} / 0.0066

FV= $18,213.18


Related Questions

Zack wants to purchase vinyl to go on his bathroom floor. The vinyl is sold by the foot in length. If the area of his bathroom is 100 square feet, what will one side of the square bathroom measure?

Answers

Answer:

x = 10 feet

Step-by-step explanation:

Given that,

The  area of his bathroom is 100 square feet.

We need to find the one side of the square bathroom.

Let the side be x. The area of a square is given by :

[tex]A=x^2\\\\100=x^2\\\\x=10\ \text{feet}[/tex]

So, the side of the square bathroom is 10 feet.

Can someone graph this

Answers

Answer:

Here its graphed for u!!

Step-by-step explanation:

Darryl wants to improve the food at his restaurant, Downtown Deli, by purchasing some new items to sell. He wants to save as much money as possible. First, Darryl is pricing brands of gourmet pickles. What is the unit price for each brand of pickle? Brand A: Brand B: Brand C: Brand D:

Answers

Answer:

Brand A: $0.40

Brand B:  $0.30

Brand C: $0.25

Brand D: $0.20

Answer:

Step-by-step explanation:

1. 0.40

2. 0.30

3. 0.25

4. 0.20

Please help asap (math)!!

Answers

Answer: 3

Step-by-step explanation:

The Comfy blanket is regularly priced at $39.99 online on amazon. The website is offering a 10% discount as part of their holiday sales. There is a 6% tax as well. Find the find the final cost.

Answers

Answer:

$38.4

Step-by-step explanation:

Step one:

we are told that the price online is $39.99

and that the discount is 10%

and also tax is 6%

Step two:

discount

let us solve for the deduction first

=10/100*39.99

=$3.99

Tax

=6/100*39.99

=$2.4

The final cost= cost online-10% discount+6% tax

Final cost= 39.99-3.99+2.4

Final cost = $38.4

Which situation CANNOT be represented by the equation x + 12 = 30?

Total snowfall for the winter was 30 inches. In January, it snowed 12 inches. What is x, the amount of snow that fell during
the other winter months?

Maria had $12. When she combined her money with Sarah, they had $30. What is x, the amount of money Sarah had?

Juanita spent $30 at the store buying a shirt and shorts. She bought a shirt for $12. What is the cost, x, of the shorts?

James 12 miles on Monday and 30 miles on Tuesday. What is, x, the total number of miles James ran all together?

Answers

Answer: D IS THE CORRECT ANSWER

Step-by-step explanation: MARK BRAINLIEST PLS

Answer:

I took the test ._.

How do I answer questions that I don't know

Answers

Answer:

look it up

Step-by-step explanation:

Try and find a way to look it up.

Answer:

Im gussing you are talking about this website/app you dont have to answer all the questios you ca skip them if you dont know them and find another one to answer

Step-by-step explanation:

get 10,000 point//// Let be the world population as of March 23, 2013. Approximately, = 7,073,981,143.

Answers

Answer:

io

Step-by-step explanation:

$1500 at 4% for 5 years

show your work please.

Answers

Answer:

$12825

Step-by-step explanation:

If the amount is 1.500 and intrest rate 4.00% and we have 5 years to invenst then that gives us $12.825

HELP THIS IS IMPORTANT!!!! The table shows the outputs, y, for different inputs, X: Input (x) 6 12 15 25 Output (y) 14 15 15 16 Part A: Do the data in this table represent a function? Justify your answer. (3 points) I Part B: Compare the data in the table with the relation f(x) = 7x – 15. Which relation has a greater value when x = 67 (2 points) Part C: Using the relation in Part B. what is the value of x if f(x) = 67 (5 points) (10 points)​

Answers

Answer:

A) sure there is one value of y for every value of x

B) in table y = 8

in function

y = 5(11) - 21 = 55-21 = 34

C) 99 = 5 x - 21

5 x = 120

x = 24

-5 2/3 + -3 1/9
need the answer
a. 2 1/6
b. -8 7/9
c. -8 1/4
d. 8 1/4​

Answers

Answer:

-8/7/9

Step-by-step explanation:

Hope this helps and have a great day :)

Answer:

Step-by-step explanation:

-5 2/3 +-3 1/9

-79/9 or - 8 7/9

is 12x+6y=18 parallel or perpendicular to 9x-3y=4

Answers

Answer:

perpendicular

Step-by-step explanation:

What is the answer to this question that I
Don’t know?

Answers

Answer:

25

Step-by-step explanation:

so 9.9 ounce bag of takis

9.9/0.396=25

Find the value of X

PLEASE

Answers

Answer:

x ≈ 18

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDASEquality Properties

Trigonometry

Law of Cosines: a^2 = b^2 + c^2 - 2(b)(c)cosA

a is a side lengthb is a side lengthc is a side lengthA is an angle corresponding with side a

Step-by-step explanation:

Step 1: Define

a = x

A = 30°

b = 16

c = 30

Step 2: Solve for x

Substitute:                    x² = 16² + 30² - 2(16)(30)cos30°Exponents:                   x² = 256 + 900 -2(16)(30)cos30°Evaluate:                       x² = 256 + 900 -2(16)(30)(√3/2)Multiply:                        x² = 256 + 900 - 480√3Add:                              x² = 1156 - 480√3Subtract:                       x² = 324.616Isolate x:                       x = √324.616Evaluate:                       x = 18.0171Round:                          x ≈ 18

16+(18+10)=(x+18)+10

Answers

16 + 18 + 10 = 44
44 = x + 28
16 = x
x = 16

Answer: x=16

Step-by-step explanation: 16 + 18 + 10 = 44

                                             44 = x + 28

                                                16 = x

Which option correctly shows how this formula can be rearranged to isolate x^2?

Options in picture.

Answers

Answer:

A

Step-by-step explanation:

We have:

[tex]\displaystyle m=\frac{x_1-x_2}{y_1-y_2}[/tex]

And we want to isolate x₂.

So, let’s first remove the denominator by multiplying both sides by it:

[tex]\displaystyle m(y_1-y_2)=\frac{x_1-x_2}{y_1-y_2}(y_1-y_2)[/tex]

The right side will cancel. This will leave:

[tex]\displaystyle m(y_1-y_2)=x_1-x_2[/tex]

Now, we can subtract x₁ from both sides. So:

[tex]\displaystyle m(y_1-y_2)-x_1=-x_2[/tex]

Finally, we will multiply both sides by -1. So:

[tex]\displaystyle x_2=-m(y_1-y_2)+x_1[/tex]

Hence, our answer is A.

Anna wants to bake 2 1/2 dozen cookies for a party. However, the recipe she has only makes a dozen cookies. If the original recipe calls for 1 1/4 cups of sugar, how many cups of sugar does she need to make the cookies for her party? Express your answer as a mixed number.

Answers

Given :

Sugar required for 2 1/2 = 5/2 dozen of cookies is 1 1/4 = 5/4 cups.

To Find :

How many cups of sugar does she need to make the cookies for her party.

Solution :

Let, cups of sugar required to make cookies for her party is x.

So,

[tex]x = \dfrac{\dfrac{5}{4}}{\dfrac{5}{2}}\\\\\\x = \dfrac{1}{2}[/tex]

Therefore, 1/2 cup of cookies is required to make 1 dozen cookies.

Hence, this is the required solution.

Answer: 25/8

Step-by-step explanation:  

We would first turn 2 1/2 and 1 1/4 into an improper fraction.

That leaves us with 5/2 and 5/4.

Then, because she needs to make 5/2 dozen cookies and needs 5/4 cups of sugar for every batch, we would multiply 5/2 and 5/4 together.

Therefore x, or the amount of sugar she needs, is 25/8

Question 5
Rocko paid $12.50 for 25 game tickets. Louisa paid $17.50 for 35 game tickets. What is the constant of proportionality? Express your answer in
decimal form.

Answers

Answer:

The COP is 0.5

Step-by-step explanation:

First we must find the slopes.

12.50/25 = 0.5

17.50/35 = 0.5

The COP is 0.5

James runs 8 laps in 14 minutes. How many laps can he run in one hour and ten minutes?

Answers

Answer: Don't come at me if I'm wrong, but I believe it's 40 laps.

Step-by-step explanation:

First, you need to figure out how many laps James runs in 1 minute and you can do this by dividing the number of laps and minutes (8 laps/14 minutes). This should give you 4/7 laps/minute.

Next, you figure out how many minutes 1 hour and 10 minutes is (just to make things easier) 1 hour and 10 minutes = 70 minutes

Then, you multiple 4/7 and 70 and you get 40 laps.

Answer:

40 laps

Step-by-step explanation:

I just put this into a proportion

so basically i just did 8/14 = ?/70

Then i just worked it like any other problem

8 x 70 then divide 14 and i got 40.

so James ran 40 laps in one hour and tens minutes

NOTE that i turned one hour and ten minutes into minutes

pls mark brainleist

For which equation is a = 4 not the solution?

9 a = 36
5 a = 54
8 a = 32
6 a = 24

Answers

9x4=36 X

8x4=32 X

6x4=24 X

5x4=20, not 54.

So 5xA=54 is the correct answer

hope it helps!

Zach saved x dollars over the last year. Mina saved more than Zach. Which equation can be used to find how much money Mina saved last year

Answers

Answer:

M > X

Step-by-step explanation:

Mina ( M ) saved more ( > ) than Zach ( X )

If TV and Wý are parallel lines and m<TUX = 122°, what is m<VUS? HELP ASAP​

Answers

Answer:

m∠VUS = 122

Step-by-step explanation:

m∠TUX = 122°

∴m∠VUS = 122°(vertically opposite angles are equal)

hope this helps you!!

The solution is, m∠VUS = 122

What is an angle?

In Plane Geometry, a figure which is formed by two rays or lines that shares a common endpoint is called an angle. The two rays are called the sides of an angle, and the common endpoint is called the vertex.

We know that, a ray is a line that continues on forever inn one direction with a point at it's start.

here, we have,

from the diagram, we get,

m∠TUX = 122°

∴m∠VUS = 122°

(vertically opposite angles are equal)

Hence, The solution is, m∠VUS = 122.

To learn more on angle click:

brainly.com/question/28451077

#SPJ2

the diagram shows triangle ABD and triangle BCD ABC is a straight line BCD is a quadrilateral triangle angles DAB=25 degrees work out the size of the triangle marked x give a reason for ur answer

Answers

Answer:

25

Step-by-step explanation:

First step is to imagine a line that comes straight down from angle b.

This forms a 90 angle AND perfectly bisects angle b.

A triangle has 180 degrees and the angles we currently know are 25 and 90. add those two together and you get 115.

Subtract that from 180 and you get 65 for one part of angle b.

Since the line perfectly bisects angle b, the other side is also 65.

Now, we have the entire triangle DAB.

Angle B is 65x2=130

Angle A is 25

180 degrees in a triangle

130+25=155 degree that we know.

180-155=25 degrees

3x + 7 <= 8x - 3
Please I need help

Answers

Hopefully this help I am doing the same question online


6. Frank's Fish Washing Service charges a base fee to wash your fish plus a charge per
minute. The table shows the total cost, c, and the number minutes it took to wash
the fish, m. Which equation represents this situation?
o
y = 3x + 8
of Minutes, m
8
10
12
14
Total Cost (S),
30
36
42
48
y = -x + 8
3
O
y = 3x + 6
O
y =
1
-x+6

Answers

Answer:

C

Step-by-step explanation:

A tiny aeroplane accelerates at 35 m/s2 with a force of 20 N. What is the mass of the aeroplane?

Answers

Answer:

17/2

Step-by-step explanation:

please help me on this ​

Answers

Answer:

1 :):):):):):):):):):):):):):):):)):)):):):):):::):):):):):):):::):):)

Step-by-step explanation:

Lance's bowling score was 28 pins more than Jim's score. Lance's bowling score was 205. (a) Write an equation to determine Jim's score (j), (b) What was Jim’s score?

Answers

yt is anser 4325

Step-by-step explanation:

∫⇒,×РЭЩЩЫРР

A price is decreased by 5% and is now £779.
Work out the original price.

Answers

Answer:

820

Step-by-step explanation:

779/x = 95/100

779×100

77,900 ÷ 95

820

rules of a formal debate

Answers

Answer:

Step-by-step explanation:

be formal and dont yell

Answer:

Each of the six speakers (three affirmative and three negative) speak in succession to each other, beginning with the Affirmative Team. The speaking order is as follows: First Affirmative, First Negative, Second Affirmative, Second Negative, Third Affirmative, and finally Third Negative.

Step-by-step explanation:

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