Sam invests a sum of money in a retirement account with a fixed annual interest rate of 7%
compounded quarterly. After 13 years, the balance reaches $19,280.02. What was the amount of
the initial investment? ROUND YOUR ANSWER TO THE NEAREST DOLLAR (do NOT put a dollar
sign $ in your answer)

Answers

Answer 1

Answer:

The initial amount of investment was $7,822

Step-by-step explanation:

The formula for compound interest, including principal sum is:

[tex]A=P(1+\frac{r}{n})^{nt}[/tex], where

A is the future value of the investment/loan, including interestP is the principal investment amount  r is the annual interest rate (decimal)n is the number of times that interest is compounded per unit tt is the time the money is invested or borrowed for

Let us use this rule to solve the question

∵ Sam invests a sum of money in a retirement account with a fixed

   annual interest rate of 7% compounded quarterly

r = 7% = [tex]\frac{7}{100}[/tex] = 0.07

n = 4 ⇒ compounded quarterly

∵ After 13 years, the balance reaches $19,280.02

A = 19,280.02

t = 13

Substitute these values in the rule above to find P

∵ [tex]19,280.02=P(1+\frac{0.07}{4})^{4(13)}[/tex]

∴ [tex]19,280.02=P(1.0175)^{52}[/tex]

→ Divide both sides by [tex](1.0175)^{52}[/tex]

∴ 7,821.99888 = P

→ Round it to the nearest dollar

∴ 7,822 = P

P = $7,822

The initial amount of investment was $7,822.


Related Questions

Solve the system of equations using the linear combination method.
4x−2y=7
3x+2y=0

Answers

Answer:

x = 1

y = -3/2

Step-by-step explanation:

Step 1: Arrange the equations with like terms in column.

Step 2: You want 1 set of coefficients that are opposites. This problem already has opposites: -2y and +2y.

Step 3: Solve for x.

4x-2y=7

3x+2y=0

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

7x = 7

x = 1

Step 4: Substitute the value of x and solve for y.

4(1)-2y=7

4-2y=7

-2y=7-4

-2y=3

y=-3/2

3to the 4 power times 2to the Third power

Answers

Answer:

648

Step-by-step explanation:

[tex]3^4 \cdot 2^3 = 3 \cdot 3 \cdot 3 \cdot 3 \cdot 2 \cdot 2 \cdot 2 = 81 \cdot 8 = 648[/tex]

Answer:

648

Step-by-step explanation:

Step 1:

First, make an equation:

3⁴ · 2³

Step 2:

Then, simplify both factors:

3⁴ = 81

2³ = 8

Step 3:

Finally, multiply the numbers together:

81 · 8

And you will get 648.

HELP PLEASE AND THANK YOU!!!!

Answers

Answer:

the answer is -2.1

Step-by-step explanation:

you get this by putting that -4 where the x is and solving so it would look something like this

1.7x+4.7    for x= -4

1.7(-4) + 4.7

-6.8 + 4.7

-2.1

-2.1


Explanation:

I’ve had this question before! :)

7x = -84
Solve the equation

Answers

Answer:x = -12

Step-by-step explanation:<!>BRAINLIEST APPERICATED<!>

Answer:

x=−12

Step-by-step explanation:

can you mark me as branlest if right

Which equivalent four-term polynomial can be created
using the X method?
O x2 + 8x + 8x + 48
O x? - 12x - 4x + 48
x2 + 12x + 4x + 48
Ox? - 8x - 8x + 48

Answers

Answer:

x2 + 12x + 4x + 48

Step-by-step explanation:

i just took the assignment

Answer:

x2 + 12x + 4x + 48

Step-by-step explanation:

this is correct i took the quiz its c

LCM of 96,144,126 find it​

Answers

Answer:

2016

Step-by-step explanation:

To solve this problem, let us find the prime factors of the given numbers:

             96

        8   x    12

  2 x 2 x 2      2 x 2 x 3

              2⁵ x 3

             144

       12     x      12

  2 x 2 x 3       2 x 2 x 3

              2⁴  x 3²

                126

        2       x       63

      2                  7 x 9

     2                 3 x 3 x 7

            2 x 3² x 7

So, the lowest common multiple  =  2⁵ x 3² x 7  = 2016

Jeremy cashed his weekly paycheck at the bank and asked for the money in $5 and $10
bills. The bank teller gave him 24 bills worth $170. How many $5 bills did the bank teller
give him? Type in the number only.

Answers

Answer:The teller gave him 14 five-dollar bills and 10 ten-dollar bills.

Step-by-step explanation:The bank teller gave him 24 dollar bills worth $170 so 14 five-dollar bills plus 10 ten-dollar bills will give you 24 dollar bills.

How long is this line segment?
PLEASE EXPLAIN!!!​

Answers

It's 2.6 units long. You just use the ruler on it.

Which could be the missing first term of the expression that, when fully simplified, would be a binomial with a degree of 4? Select THREE options.

•0
•5xy3
•9x2y
•8y4
•4xy3

Answers

Answer:

I JUST DID THE TEST ON EDGE. The answer is: A (0) C (9x2y) And E (4xy3)

Step-by-step explanation:

I hope this helps!!!

Answer:

the answer is a , c e :)

Step-by-step explanation:

help please ASAP please​

Answers

I can barely read it Pls redo it or type it out

What integers are closest to the square root of 54 on the number line?

Answers

Answer:

The closets number to the Square root of 54 is √54

√54 = 7.348...

→ The closest WHOLE number to the square root of 54 is 7. The closets number to the Square root of 54 is √54

Steve read a total of 9 books over 3 months. If Steve has read 15 books so far, how many
months has he been with his book club? Assume the relationship is directly proportional.

Answers

Answer:

5 months

Step-by-step explanation:

9/3=3

15/3=5

I’ve been trying to answer this question and it takes me forever. Can you guys help ,e with this one?

Answers

Answer: for the first one it is +1

for the second one it is +3

for the third one it is +7

for the 4th one it is +13

and for the fifth one it is +21

PLEASE HELP!! I NEED THESE BONUS POINTS!! If you do answer plz answer all of them. Thank you! I will choose brainiest ;)

Answers

Answer:

7-9 you need to plug numbers into the formula y= mx+b where you plug the plots in M and B.

Step-by-step explanation:

I don't have a graph to plot 1-3 on but all you need to do is plot them and answer if they are parallel, perpendicular, or neither. (The property extends to other related geometric objects. A line is said to be perpendicular to another line if the two lines intersect at a right angle.) (In math, parallel means two lines that never intersect — think of an equal sign.) And if they don't fit either then its NEITHER

Help me ASAP jdksjdkksod

Answers

Got this online.LCM(725, 349920) = 50738400
Greatest Common Divisor (GCD) Method Steps:

GCD(725, 349920) = 5

LCM =
725 × 349920
5
= 50738400

Prime Factorization Method Steps:

Prime factorization of the numbers:

725 = 5 × 5 × 29
349920 = 2 × 2 × 2 × 2 × 2 × 3 × 3 × 3 × 3 × 3 × 3 × 3 × 5

LCM(725, 349920)
= 2 × 2 × 2 × 2 × 2 × 3 × 3 × 3 × 3 × 3 × 3 × 3 × 5 × 5 × 29
= 50738400

Andrew ran 4.5 miles in 32 minutes.
Which proportion could be used to determine how many miles Andrew can run in 54 minutes at the same rate?
A.) 4.5/32 = 54/ x
B.) 4.5/54 = 32/x
C.) 4.5/32 = x/54
D.) 4.5/54 = x/32

Answers

Answer:

C

Step-by-step explanation:

4.5/32=x/54

x=6×3×2.5/262
please solve this question so fast​

Answers

Answer: 0.17 or not rounded, 0.17175572519.

Step-by-step explanation: 6 x 3 x 2.5 = 45, now we just need to divide 45 by 262, so 45/262 = 0.17175572519, or rounded, 0.17.

Hope this helps! :)

Can someone please help me?

Answers

Answer:

x = 23

Step-by-step explanation:

180 - 42 = 138

138/6 = 23

x = 23

find the value of x. PLEASE HELP

I need to show my work.

THANK YOU!!!

Answers

Answer:  x = 22

==========================================

Work Shown:

The given angles are a linear pair, so they are supplementary.

(1+5x)+(3+3x) = 180

1+5x+3+3x = 180

(5x+3x)+(1+3) = 180

8x+4 = 180

8x+4-4 = 180-4 .... subtract 4 from both sides

8x = 176

8x/8 = 176/8 ..... divide both sides by 8

x = 22

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

Extra info:

1+5x = 1+5*22 = 1+110 = 111

3+3x = 3+3*22 = 3+66 = 69

111+69 = 180, which helps confirm the answer.

Step-by-step explanation:

Hope it helps man ......

Anyone have an answer?

Answers

Answer:

39

Step-by-step explanation:

| 2 +r | ≥ 3 (lines are absolute value)

Answers

Answer:

r ≤ -5 and r ≥ 1

Step-by-step explanation:

The solution has two parts:

1) that derived from | 2 +r | ≥ 3 when (2 + r) is already positive.  Then:

                   2 + r ≥ 3, or r ≥ 1

and

that derived from | 2 +r | ≥ 3 when (2 + r) is negative.  If (2 + r) is negative, then

|(2 + r)| = -(2 + r) = -2 -r, which is ≥ 3.  Therefore, -2 -r ≥ 3, or -r ≥ 5.  To solve this for r, divide both sides by -1 and reverse the direction of the inequality sign:  r ≤ -5

9(m - 3) + 3m = 7m + 43​

Answers

Answer:

m=14

Step-by-step explanation:

Isolate the variable by dividing each side by factors that don't contain the variable.

Answer:

M=14

Step-by-step explanation:

So distribute first

9m-27+3m=7m+43

Combine like Terms

12m-27=7m+43

Subtract 7m on both Sides

5m-27=43

Add 27 on both sides

5m=70

Iso,ate variable by dividing 5 on both sides

m=14

Increase £89 by 61% round it to two dp

Answers

Answer:

143.29

Step-by-step explanation:

[tex]\frac{14329}{100}[/tex]

[tex]\frac{14329}{100}[/tex]

<3 Red

(-13)2= (15* -11 + -4)

the 2 is an exponent

Answers

Answer:

-26= 15 x -15

Step-by-step explanation:

Sorry the question wasn't really clear??

Answer:

(-13)^2= (15* -11 + -4) = -169

Step-by-step explanation:

Replace all occurrences of + − with a single − . A plus sign followed by a minus sign has the same mathematical meaning as a single minus sign

because1 x −1 = −1

(−13)^2=15 x −11 −4

Raise − 13 to the power of 2 .

169=15 x −11 −4

Multiply 15 by −11.

169 = −165 − 4

and finally Subtract 4 from−165.

169 = −169

if its (-13)^2 / (15*-11+-4) as the orginal post did not say divided, the answer would be -1 hope his helps.

At the beginning of school you set-up a 4 digit pin to get into your My Payments Plus account, however you have not used your account since you set it up and forgot the number. You remember that the first number was a 4 and the second number was either a 6, 7, 8, or 9. You had no idea what the last two numbers were. How many different combinations are possible?

Answers

Answer:

Given that only the first digit and a range of four possible numbers for the second digit of the four digit pin number are remembered, the number of different possible combinations are 400 (possible combinations)

Step-by-step explanation:

The given information are;

The number of digits contained in the pin = 4 digits

The number of digits that can be the first number = 1 (given that the first digit is 4)

The number of digits that can be the second number = 4 (6, 7, 8, or 9)

Therefore, we have;

The number of digits that can be the third number = 10 (0, 1, 2, 3, 4, 5, 6, 7, 8, or 9)

Similarly, the number of digits that can be the fourth number = 10

Therefore, the total number of possible combinations are;

1 × 4 × 10 × 10 = 400 possible combinations.

help please hurry I need to graph​

Answers

Answer:

Brainiest would be appreciated

High Hopes^^

Barry-

Answer:

The answer is shown below.

Hope this helps!

EMERGENCY! Please give me the correct answer!​

Answers

Answer:

6^10

Step-by-step explanation:

6^0 is essentially just 1. So 6^10 x 1 is 6^10.

Answer:

6^10

Step-by-step explanation:

When multiplying exponents with the same base number, you simply add the exponents and keep the bases the same

a^m * a^n = a^m+n

6^10 * 6^0 = 6^10+0

You can also look at it this way:

Any non-zero number to the power of 0 will ALWAYS equal 1

a^0=1

6^10 * 6^0 = 6^10 * 1 = 6^10

A line passes through the points (0,4) and (2,-2). What is the equation
of this line in slope intercept form?

Answers

Answer:

y=-3x+4

Step-by-step explanation:

8. The total weight of a vase and its packaging is: 4 lb. 7 oz. The vase by itself
weighs 3 lb. 11 oz. What is the weight of the packaging materials?
(a) 8 lb. 2 oz.
(d). 6 oz.
(b) 12 oz.
(e) none of these
(c) 1 lb. 4 oz.
Please show the work

Answers

Answer:

E

Step-by-step explanation:

the weight of the packaging materials is 12 oz. There are 16 oz in a pound. If the vase weighs 3 lb 11 oz, it would take 5 more oz to reach the next pound, and there was another 7 oz after that. You would then do 5 + 7, which is 12, so the packaging materials weigh 12 oz.

Suzl starts her hike at 300 feet below sea level. When she reaches the end of the
hike, she is still below sea level at -103 feet. What was the change in elevation
from the beginning of Suzi's hike to the end of the hike?
The change was (
feet.

Answers

For all the other viewers of this question, the change was -403 feet or you could say 403 feet i guess but the answer is -403 feet

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