Francis deposits $11,000 in an IRA. What will be the value of his investment in 9 years if the investment is earning 4.1% per year and is compounded continuously?

Answers

Answer 1

Answer:

$15,059

Step-by-step explanation:

4.1 x 9 = 36.9

36.9% of 11,000 = 4059

11,000 + 4,059 = 15,059

Answer 2

The value of the investement after 9 years ompounded continuously is .$15792.44

Compound interest

Compound interest is the interest on an amount of money invested

The formula for calculating compound interest is expressed as:

A =P(1+r)^n

Given

P = 11000
r = 4.1% = 0.041

n = 1

t =9 years

Substitute

A = 11000(1+0.041)^9
A = 11000(1.041)^9
A= .$15792.44

Hence the value of the investement after 9 years ompounded continuously is .$15792.44

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Related Questions

894,754,390 to the nearest million

Answers

I think the nearest million is 14 million

Answer:

Your answer is: 900,000,000

Step-by-step explanation:

Hope this helped : )

The graph below represents which system of inequalities?

Answers

Answer:

Step-by-step explanation:

y ≤ - 2x + 3

y ≤ x + 3

Question:Fibonacci
1. Here are the first 5 terms of a quadratic sequence.
1
3
7
13
21
Find an expression, in terms of n for the nth term of this quadratic sequence.

Answers

9514 1404 393

Answer:

  n² -n +1

Step-by-step explanation:

First differences of the terms of the sequence are ...

  3-1 = 2

  7-3 = 4

  13-7 = 6

  21-13 = 8

Second differences are ...

  4-2 = 2

  6-4 = 2

  8-6 = 2

In a quadratic sequence the coefficient of the squared term is half of the second difference value. Here, that means the squared term will be (2/2)n² = n².

__

We can find the other terms of the quadratic expression by considering the differences between n² and the actual sequence.

The sequence of n² terms is ...

  1, 4, 9, 16, 25

When we subtract these from the actual sequence, we get ...

  1-1 = 0

  3-4 = -1

  7-9 = -2

  13-16 = -3

  21-25 = -4

That is, the amount subtracted from n² is one less than the term number.

The expression for the n-th term is ...

  an = n² -n +1

2 a) If an ice cream truck is selling popsicles that are 3 for $4.50 how much does each popsicle cost? 2.b)Using your answer from 2a how much would 5 popsicles cost?

Answers

Answer:

$1.50 per popsicle and $7.50 for 5 popsicles

Step-by-step explanation:

$4.50 divided by the mumber of posicles so 3 which is 1.5 them multiply by 5 to get the price of 5 popsicles.

I’ll give brainliest answer so i need to solve for y and convert these to slope intercept form.

Answers

Answer:

2. 9x+4y=16

    -9x        -9x

4y=-9x+16

----  ----  ----

4      4      4

y= -9x

     --- +4

      4

4. 4x+3y=-9

  -4x         =4x

     3y=-4x-9

     ---    --- ---

     3       3  3

y= -4x

    ---- - 3

      3

6. 7x-3y=6

  -7x      -7x

       -3y=-7x+6

        ---  ----   ---

       -3    -3    -3

y= 7x

   --- -2

    3

write in decimals
29/100​

Answers

Answer:

0.29

Step-by-step explanation:

Divide the two, and you get 0.29.

0.29 is the answer to ur question

If a : b = 4 : 3 and b : c = 6 : 5, what is a : c?

please help!!​

Answers

Answer:

8:7

Step-by-step explanation:


Item 4
Simplify. 6 – 20

–26

–14

14


26

Answers

The answer is -14 because if you remove 20 from positive 6 you will get -14.

X+9=2x solve for X.

Answers

Answer:

X+9=2X

Step-by-step explanation:

the answer is X=9

consider n proper fraction such that the numerator is 2 less than the denominator. If the numerator and denominator are each increased by 1, then the ratio of the numerator and denominator of the new fraction is 4:5. Determine the original fraction​

Answers

the original fraction would be 4:5 divided by 2 and 1 making the answer clear and then what you do is take your answer multiplying it by the improper fraction and subtracting it by the mixed and the others that you should know and then you get your real answer.

Have a good day!

It might seem confusing but it is actually correct, how do i know?

 i´m a math prodigy.

How are corresponding side lengths of two similar figures related?

Answers

Answer:

If two objects have the same shape, they are called "similar." When two figures are similar, the ratios of the lengths of their corresponding sides are equal.

Step-by-step explanation:

Answer:

If two objects have the same shape, they are similar. If they are similar, the ratios of side lengths are equal. If the base of a rectangle was 22 feet and it was dilated by 2, the base would be 44 feet. The angle measures however, stay the same, or the two figures would not be similar.

Step-by-step explanation:

-10(-2)
Please show work!!

Answers

Answer:

20

Step-by-step explanation:

a negative times anegative is a postive

-10× -2= +20

Which pair of triangles can be proven similar by the AA ~ Postulate?

Answers

Answer: c

Step-by-step explanation:

The pair of triangles that can be proven similar by the AA ~ Postulate is triangle AXB and QXR.

The correct option is (C).

What is Similarity of Triangles?

When the ratio between two triangles' sides is the same and both triangles' angles are equal, a triangle is said to have two equal sides.

Given:

In figure C,

In triangle AXB and QXR

<BAX = <QRX (given)

<AXB = QXR (Vertical opposite angle)

So, AA similarity Criteria triangle AXB and QXR is similar.

Hence, Figure C is following AA similarity.

Learn more about similarity of  triangles here:

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A pupil achieves 34 marks out of 43 in a Geography test. What percentage did they get?

Answers

Answer: 79.06%

Step-by-step explanation:

Got: 34

Out of 43

In percentage: 34/43*100

= 79.06%

Approximately 79.1%

2. What is the y-coordinate for solution of the system of equations shown? x + 4y
= 9 5x + 10y = 5

A 7

B 4

C -4

D -7

Answers

Answer:

it's b 4

Step-by-step explanation:

....

................

What should I choose and why?

Answers

Answer:commas

have a great day everyone

Step-by-step explanation:

Answer:

the answer is brackets

it's about the same as  parentheses

hope this helps

Jeremy listed five rational numbers. Then he drew a number line to display and compare them.



Plot the numbers on the number line by dragging each one to the correct location.

6/3, -3/4, 1.5, 0.25, -5/4

Answers

Answer:

Step-by-step explanation:

A rational number is a number that can be written in the form [tex]\frac{a}{b}[/tex] where b ≠ 0.

In order to properly arrange the numbers on the number line, we need to arrange it in an ascending order.

6/3 = 2

-3/4 = -0.75

1.5 = 1.5

0.25 = 0.25

-5.4 = -1.25

The numbers written in an ascending order will be,

-1.25 = -5/4

-0.75 = -3/4

0.25

1.5

2 = 6/3

Therefore writing this on the number line, we will have it in this order:

-1.25, -0.75, 0.25, 1.5, 2

What is the LCD of 1/2 and 2/17

Answers

Answer:

34

Step-by-step explanation:

Rewriting input as fractions if necessary:

1/2, 2/17

For the denominators (2, 17) the least common multiple (LCM) is 34.

LCM(2, 17)

Therefore, the least common denominator (LCD) is 34.

HELP IM GONNA FAIL!!
Line Q is represented by the following equation: 2x + y = 11

Which equation completes the system that is satisfied by the solution (3, 5)? (4 points)

a
x + 2y = 15

b
x + y = 15

c
x + y = 8

d
x − y = 2

Answers

Answer:

C) x+y=8

Step-by-step explanation:

I enter (3,5) into 2x+y=11

2*(3) + 5 = 11

11=11 correct

You now you need to enter the (3,5) into all the equations and see if they are correct

A: x + 2y = 15

3+ 2*5=15

13 = 15 is not correct

B. X+ y = 15

3+5= 15

8=15 not correct

C.x + y=8

3+5=8

8=8 correct

D. X-y = 2

3-5=2

-2= 2 not correct

Answer:

The answer is C

Step-by-step explanation:

I know this because I took the test, I also responded so you can mark the other person brainliest

need help on this question please help!
A 20-ounce box of cereal costs $3.20. A 12-ounce box of cereal costs $1.80. Which box of cereal is the better buy?

Answers

Answer:

the 12 ounce box good luck

It is computed that when a basketball player shoots a free throw the odds in favor of his making our 23 to 3 find the probability that when does basketball player shoot a free throw he misses it out of every 100 free throws he attempts on the average how many should he make

Answers

Answer:

Step-by-step explanation:

So think like a percent 3 percent of 23 of mean multiply so first 23 divided by 100 equals what then to check the answer multiply it by 3

Using the probability concept, it is found that:

There is a 0.115 = 11.5% probability that he misses.Out of 100, on average, he would make 88.5.

A probability is the number of desired outcomes divided by the number of total outcomes.

The odds in favor of his making is 23 to 3, which means that, for each free throw he takes:

The probability of making it is [tex]\frac{23}{23 + 3} = \frac{23}{26} = 0.885[/tex].The probability of missing it is [tex]\frac{3}{26} = 0.115[/tex].

There is a 0.115 = 11.5% probability that he misses.

Out of 100, on average, he would make 0.885(100) = 88.5.

A similar problem is given at https://brainly.com/question/3478020

Which expression is equivalent to
32x8, 10?

Answers

Answer:

480

Step-by-step explanation:

8x4=32

8x8=64

32x4=128

32x8=256

256+128+64+32=480

Dont solve just give me what goes in the 4 boxes I will give

Answers

Answer:

85

but my guess to get the four boxes you would dived it by 4 so 21 per box

Jill can make a key chain in 1 minute(s) 48 seconds. At this rate, which is closest to the amount of time she will need to make 5 key chains?
2 minutes?
1 minutes?
10 minutes?
or 5 minutes?

Answers

Answer:

10 minutes

Step-by-step explanation:

Point H is located at (2,−7)
Select all of the following that are 7 units from point H.
Choose all answers that apply:

Answers

Answer:

x axis & (-5,-7)

Step-by-step explanation:

i neeed held plzzzzzz

Answers

Answer:

c

Step-by-step explanation:

The answer is C you can figure this out by side angle side :)

Ms. Brown buys 4 Lego sets for $22. What is the cost o each Lego set? Money has two numbers behind the decimal​

Answers

Answer:

$5.5

Step-by-step explanation:

you have divide 22 by 4 after that you get 5.5

Consider the equation, where p is a real number coefficient.
-1/3 (px - 2) = 9

What is the value of x in the equation?

Answers

This should help here you go

3. The parents of a newborn girl want to invest $1000 in some kind of saving plan that their child could
use after her 21st birthday. Savings Plan A will increase the amount in the account by $75 per year for
as long as the account is active. Savings Plan B will increase the amount in the account by 5% per year
as long as the account is open?

Answers

Answer: 6

Step-by-step explanation:

33

$14.95 to the nearest whole number

Answers

Answer:

umm IS it not $15

Step-by-step explanation:

Answer:1500

Step-by-step explanation: ok

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