To ensure that funds are available to repay the principal at maturity, a borrower deposits $2000 each year for three years. If interest is 6% compounded quarterly, how much will the borrower have on deposit four years after the first deposit was made?

Answers

Answer 1

Answer:

$2,391.20

Step-by-step explanation:

A= P (1+r/n)^nt

Where:

A = is the amount of money accumulated after n years, including interest.

P = is the principal (the initial amount you borrow or deposit)

r = is the annual rate of interest (percentage)

t = is the number of years the amount is deposited or borrowed for.

n = number of times interest is compounded per year

A= $2,000 (1+0.06/4)^4*3

 =  $2,000 (1+0.015)^12

=  $2,000 (1.015)^12

=  $2,000 (1.1956)

= $2,391.20


Related Questions

Tim paid 216.14, tax included, for a stereo system. If he paid $17.39 in sales tax, what percent sales tax did Tim pay?

Answers

Answer:

about 8 percent in sales tax


What is the slope of AC?pls help me

Answers

Answer:

The slope of AC is 2.

you go up 6 units and run 3 units

6/3 = 2

Answer:

Slope = 2.

Step-by-step explanation:

from the graph

x1 = 2 x2 = 5

y1 = 1 y2 = 7

Slope = (y2 - y1)/(x2 - x1)

= (7 - 1)/(5 - 2)

= 6/3

= 2.

HELP ASAP 6th grade math

Answers

Answer:

Pretty sure its either 1 or 2

Step-by-step explanation: CUZZZZ IM BUILT DIFFERENTLY

determine the common ratio for the geometric sequence 3, 4, 16/3​

Answers

Each number is approximately 1.33 times the size of the last one. The next number would be 7.09, then 9.43 etc.

The Australian sheep dog is a breed renowned for its intelligence and work ethic. It is estimated that 4 0% of adult Australian sheep dogs weigh 65 pounds or more. A sample of 1 4 adult dogs is studied. What is the standard deviation of the number of dogs who weigh 65 lb or more?

Answers

Answer:

The standard deviation of the number of dogs who weigh 65 lbs or more is 1.83.

Step-by-step explanation:

Let X represent the number of adult Australian sheep dogs weighing 65 pounds or more.

It is provided that the probability of occurrence of X is, p = 0.40.

A sample of n = 14 adult dogs is studied.

Each dog's weight is independent of the others.

The random variable X follows a Binomial distribution.

The standard deviation of a Binomial distribution is:

[tex]\sigma=\sqrt{np(1-p)}[/tex]

Compute the standard deviation of the number of dogs who weigh 65 lbs or more as follows:

[tex]\sigma=\sqrt{np(1-p)}[/tex]

   [tex]=\sqrt{14\times 0.40(1-0.40)}\\\\=\sqrt{3.36}\\\\=1.83303\\\\\approx 1.83[/tex]

Thus, the standard deviation of the number of dogs who weigh 65 lbs or more is 1.83.

Helppp meee!!!! :( I don’t know how to do this !

Answers

Multiply 17 and 29 then divide it by a half

5 5/6 + 1 5/12

A. 7 1/4

B. 6 10/18

C. 4 5/12

D. 1 1/4

Answers

Answer:

A

Exact Form: 29/4

Decimal Form: 7.25

Mixed Number Form: 7 1/4

A triangle has the given vertices. Classify the triangle by its sides. Then determine if it is a right
triangle.
A(-4,4), B(0,1), C(-4,-2)

Answers

Answer:

c

Step-by-step explanation:

im passed the assgnment

Which shows a set of decimals ordered from least to greatest
A. 0.45 , 0.54 , 5.04
B. 0.54 , 0.45 5.04
C. 0.45 5.04 0.54
D. 0.54 , 5.04 0.45

Answers

Answer:

a. 0.45. , 0.54. , 5.04 is the answer

Answer:

a

Step-by-step explanation:

It's a because it starts with 0.45 (the least because if its just 45 than thats less than 54) and the greatest is 5.04 (you can think of them as 45, 54, and 504 but DON'T AVTUALLY DO THAT IN MATH).

Find the inverse of the function y = 2x2 + 2.

]

Answers

Answer:

-y = -2x^2 -2.........................................

Answer:

[tex]y=+/-\sqrt{\frac{1}{2} x-1}[/tex]

Step-by-step explanation:

Edge2020

solve the following problem.

1. A leaking faucet waste about 3 liters of water a day. How many liters of water can be saved daily if 500 leaking faucets are repaired?

2. The quotient is 25 and the divisor is 14. the dividend is 353. I am the remainder what number am I?

3. Isaiah had 63 apples. He divided all apples evenly among his 9 friends. How many apples did Isaiah give to each of his friends?

4. Nancy needs 5 oranges to make a glass of orange juice. If Nancy 250 oranges, how many glasses of orange juice can she make?​

Answers

Answer:

1) 1500 litres

2)Remainder = 3

3)7 apples

4)50 glasses

Step-by-step explanation:

1) We are told that a leaking faucet wastes about 3 liters of water per day.

Now, if 500 faucets are repaired, it means total number of litres saved per day = 500 × 3 = 1500 litres

2) We are told that the quotient is 25 and the divisor is 14. the dividend is 353.

Now, the quotient multiplied by the divisor should give us the dividend. Otherwise, we subtract the value we get from the dividend to get the remainder.

Thus:

Quotient × divisor = 25 × 14 = 350

This is not equal to the dividend.

Thus the remainder is;

353 - 350 = 3

Remainder = 3

3) We are told Isaiah had 63 apples.

If he divided the 63 apples among his 9 friends evenly, it means the number of apples received by each of his friends is gotten by Dividing the total number of apples by the number of friends. This gives; 63/9 = 7 apples

4) We are told Nancy needs 5 oranges to make a glass of orange juice.

Now, Nancy has 250 oranges. This means that the number of glasses of orange juice she can make is; 250/5 = 50 glasses

The town of Springville is mapped on a coordinate grid with
the origin being at City Hall. John's house is located at the
point (-5, 7) and Bill's house is located at (-2,3). How far is it
from John's house to Billy's house?

Answers

Answer:

The distance from John's house to Bill's house is 5 units

Step-by-step explanation:

John's house is located at the point (-5,7) and Bill's house is located at (-2,3) in a map of the town of Springville.

We need to find the distance from John's house to Bill's house. We use the formula of the distance between two points:

Given two points A(x,y) and B(w,z), the distance between them is:

[tex]d=\sqrt{(w-x)^2+(z-y)^2}[/tex]

Applying the formula:

[tex]d=\sqrt{(-2+5)^2+(3-7)^2}[/tex]

[tex]d=\sqrt{3^2+4^2}[/tex]

[tex]d=\sqrt{9+16}=\sqrt{25}[/tex]

d=5

The distance from John's house to Bill's house is 5 units

answer this............

Answers

picture doesn’t load.

if you go from 90 kilometers per hour to 0 in 6 seconds what is your rate of deceleration

Answers

Answer:

Not sure, but i believe it's 90/6 = 15  

Step-by-step explanation:

Samuel orders four DVDs from an online music store. Each DVD costs $9.73. He has a 25% discount code, and sales tax is 7%. Round sales tax amounts to the nearest cent. What is the total cost of his order?

The total cost of Samuel's order is $
.

Answers

Answer:

$20.43

Step-by-step explanation:

What is the relationship between angle 3 and 4?

Answers

Angle 3 and 4 are equal to each other

estimate 34% of 59

a) 15
b) 17.7
c) 20
d) 20.06

i really need this like, right now i’m giving a bunch of points please help meeee!

Answers

the exact answer is 20.06 but the estimate is 20

Answer:

option D)20.06

hope it helps

please mark Brainliest

3. (03.06) Choose the point-slope form of the equation below that represents the line that passes through the point (6, -3) and has a slope of 1/2​

Answers

Answer:

The answer is

[tex] \huge y + 3 = \frac{1}{2} (x - 6) \\ [/tex]

Step-by-step explanation:

To find an equation of a line in point slope form when given the slope and a point we use the formula

[tex]y - y_1 = m(x - x_1)[/tex]

where

m is the slope

( x1 , y1) is the point

From the question we have the final answer as

[tex]y + 3 = \frac{1}{2} (x - 6) \\ [/tex]

Hope this helps you

what is the pattern for the sequence 2 3 5 8 13​

Answers

Can you be more specific please

help pls i’ll give brainlest if it’s correct .

Answers

Answer:

its groups

i hope this helps study hard

What is the |-6|? Use the number line to show your thinking.How many numbers are 9 units from 0?

Answers

Answer:

6, 9

Step-by-step explanation:

i’m pretty sure it’s 6,9

speed limit signs are placed every 5/8 mi on the highway. how many signs are there on a 75 mi strech of highway?

Answers

Answer:

46

Step-by-step explanation:

the answer is 46.875, but you always round down for these types of problems

Which equation represents the graph on the right?

Answers

Answer:

y=2/3x+4

Step-by-step explanation:

3. slope is -2/3x and b is 4

HELPPP ITS DUE AT 2:30 PACIFIC TIME !!!
i need help with 6 and 10

Answers

6 is 102 because both angles are the same

Xavier saved money to purchase a bike that originally cost $250, not including tax. The store discounted the bike by 20%. What is the discounted price he will pay for the bike, not including tax?

Question 1 options:

$50.00


$300.00


$270.00


$200.00


I REALLY NEED HELPPP

Answers

Answer:

Step-by-step explanation:

B

there you go

sorry

Drag each tile to the correct box.
Arrange the equations in order from least to greatest based on their solution.
PLEASE HELP


Equation A
Equation B
Equation C
<

Answers

Answer:

Step-by-step explanation:

Equation (A)

5(x - 6) + 3x = [tex]\frac{3}{4}(2x-8)[/tex]

5x - 30 + 3x = [tex]\frac{3}{2}x-6[/tex]

8x - 30 = 1.5x - 6

8x - 1.5x = 30 - 6

6.5 x = 24

x = [tex]\frac{24}{6.5}[/tex]

x = 3.69

Equation (B)

2.7(5.1x + 4.9) = 3.2x + 28.9

13.77x + 13.23 = 3.2x + 28.9

13.77x - 3.2x = 28.9 - 13.23

10.57x = 15.67

x = 1.48

Equation (C)

5(11x - 18) = 3(2x + 7)

55x - 90 = 6x + 21

55x - 6x = 90 + 21

49x = 111

x = 2.27

Solutions from these equations from least to greatest;

1.48 < 2.27 < 3.69

Equation (B) < Equation (C) < Equation (A)

Answer:

B, C, A

Step-by-step explanation:

-(10 - 8x) + 2(5y + 6) - 8x + (-2y)

Answers

Step-by-step explanation:

1

0

+

2

+

(

2

)

62 is half of one lesss than the cube of a whole number. What is the number

Answers

Answer:

The answer is 5.

62 is half of 124

124 is one less than 125

The cube root of 125 is 5.

That is... 5 times 5 times 5 equals 125, since, 5 times 5 equals 25; and, 25 times 5 equals 125.

Hope this helps.

Step-by-step explanation:

What is the value of log3 729?

Answers

Answer:6

Step-by-step explanation: I do not have an explanation for you but its 6

What is the value of 8 + (-3) + 15 - (-40)

Answers

Answer:

60

Step-by-step explanation:

:)

Answer:

60

Step-by-step explanation:

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