Which of these is closest to the time in years that it will take an investment to triple when it is invested in an account that pays 5.4% annual interest, compounded monthly?
20.4 years
20.9 years
2.1 years
0.25 year

Answers

Answer 1

Answer:

20.4 years

Step-by-step explanation:

The nper formula in excel comes handy in this scenario:

=nper(rate,pmt,-pv,fv)

Rate is the monthly rate of 5.4%/12

Assuming actual investment is $5,000 which is pv

The triple amount would be $5,000*3=$15,000 which is future value fv.

pmt is the regular cash flow the investment which is zero

=nper(5.4%/12,0,-5000,15000)= 244.68  months

Yearly it can be expressed as = 244.68/12  =20.39  years

When rounded to one decimal place it becomes 20.4 years


Related Questions

can anyone help me thanks.

Find the greatest common factor (GCF). Then, write the binomial in factored form.
3x+15

Answers

Answer:

hold up

Step-by-step explanation:

The greatest common factor would be 3, since 3 is a factor of both itself and the 15.

In factored form you get.

3(x+5)

a square scarf has a side length of 3/4 yard on each side what is the area of the scarf??

Answers

Answer:

3 unit

Step-by-step explanation:

3/4 x 4 = 12/4 = 3

Answer:

its 3-

Step-by-step explanation:

but i need it in fraction--

y+y+c-10+x If x=7, y=10 and c=8

Answers

Answer:

it is 25

Step-by-step explanation:

FIRSTLY YOU SUBSTITUTE

10+10+8-10+7

=25

Answer:

10 + 10 + 8 - 10 + 7

= 25

Step-by-step explanation:

I NEED HELP ASAP
A restaurant used 1⁄3 of a bag of spinach to make 2 servings of salad. How many bags of spinach did the restaurant put in each serving?

Answers

Answer:

1/6

Step-by-step explanation:

1/6

i think the answer is 1/6

Anyone know this ???

Answers

Answer:

A because it is super close together

Step-by-step explanation:

Answer:

B. 45°

Step-by-step explanation:

The angles of a triangle have to add up to 180°.

In this triangle C is given as 90°. That leaves 90° for the sum of the two others. Since the triangle is symmetrical, you can divide 90° by 2 to get to equal angles of 45°.

Please answer correctly !!!! Will mark brianliest !!!!!!!!!!!!!!

Answers

Answer:

x - 5

Step-by-step explanation:

Again, we can just write the width as (x² - 25) / (x + 5) which will be x - 5.

Answer:

area = length x width

x² - 25 = x + 5 · width

(x - 5)(x + 5) = (x + 5)w

(x - 5)(x + 5) / (x + 5) = (x + 5)w / (x + 5)

x - 5 = w

Step-by-step explanation:

1. write down the formula of area.

2. since the area is a difference of squares, factor them into two binomials, and replace the length by its measure. you can use w for width

3. to get width, divide the one of the binomials with the length that matches together to get w.

can someone plzz help​

Answers

Answer:

it's 12 because

2×6=12

3×4=12

4×3=12

and all of them have twelve

Answer:

it's 12 because

Step-by-step explanation:

2×6=12

3×4=12

4×3=12

all of and  them have twelve

Here is a sequence of patterns made from dots.
Find an expression, in terms of n, for the number of dots in Pattern number n.

Answers

Answer:

Hello

I think this is the answer: 3n+ n or 4n

And for fourth is 16 and fifth is 20

Step-by-step explanation:

Olivia is working two summer jobs, making $7 per hour walking dogs and making $15 per hour tutoring. In a given week, she can work a maximum of 18 total hours and must earn no less than $180. If x represents the number of hours walking dogs and y represents the number of hours tutoring, write and solve a system of inequalities graphically and determine one possible solution.

Answers

Answer:

x= 11.25  y=6.75

Step-by-step explanation:

we will present all of that to equations so we have

7x+15y=180

and x+y=18

by solving those 2 equations together we get the solution

What is the measure of ZJKL?
(Not drawn to scale)
1370
Marke this and return

Answers

Answer:

JKL = 117

Step-by-step explanation:

63 and JKL form a straight line and their sum is 180

63+ KJL = 180

Subtract 63 from each side

63+ KJL - 63 = 180-63

JKL = 117

Which inequality has an open circle when it is graphed on a number line?

Answers

Answer:

See below

Step-by-step explanation:

If you consider an open circle, it would exclude the value with which we have circled when writing the inequality. Hence the only possible signs with in such an example can be a greater than sign ( > ) or less than sign ( < );

Let us take a look at an example to help. We are given a graph with an open circle on the number say 3. An arrow extends to the right of this number 3;

[tex]Inequality Sign - <,\\Inequality - x > 3,\\[/tex]

Hope this helps!

g(x) = -3x – 8
g()=10

Answers

Answer:

g(-6) = 10

Step-by-step explanation:

-3x - 8 = 10

-3x = 18

x = -6

I need help - geometry (the bottom are answer choices- and I clicked that one by accident)

Answers

Answer:

the anwer is D: 44,44,92

Step-by-step explanation:

2n+10=4n+2 ---->8=2n ------> n=4

11n=11(4)=44

m<N=m<L=44

180-44-44=92

Find the zeroes of the quadratic polynomial 4√3x2+5x -2√3

Answers

4✔️3x2+5-2✔️3 I think this answer

William just purchased a residential investment property for $225,000. William is 60, married, and will not occupy the property. Will this new property qualify for a homestead exemption?

Answers

No, because he has to reside on the property to qualify for a homestead exemption.

The volume of a sphere whose diameter is 18 centimeters is _π cubic centimeters

Answers

Answer:

12 pi cubic cm

Step-by-step explanation:

The concession stand at the high school football stadium sells hot dogs and sodas. Jack bought 3 hotdogs and 2 sodas for a total of $12. Angie bought 1 hotdog and 4 sodas for $9. Solve a system of equations to determine the cost of 1 hotdog and 1 soda.


Answers

Answer: each soda costs $1.5 and each hotdog costs $3.

Step-by-step explanation:

If H is the price for one hotdog and S is the price for one soda, we have the equations:

for Jack.

3*H + 2*S = $12

For Angie.

1*H + 4*S = $9

Now we can isolate one of the variables in one of the equations and then replace it in the other equation, let's isolate H in the second equation:

H = $9 - 4*S

now we replace it in the first eq

3*H + 2*S = $12

3*($9 - 4*S) + 2*S = $12

$27 - 12*S + 2*S = $12

-10*S = $12 - $27 = -$15

S = $15/10 = $1.5

Now we can replace it in the equation for H and get:

H = $9 - 4*$1.5 = $3

So each soda costs $1.5 and each hotdog costs $3.

Answer: One hotdog cost $3 and One soda costs $1.5

Step-by-step explanation:

Let hotdogs be denoted by h

Let sodas be denoted as s

Jack bought 3 hotdogs and 2 sodas for a total of $12. This can be written as:

3h + 2s = 12

Angie bought 1 hotdog and 4 sodas for $9. This can be written as:

h + 4s = 9

3h + 2s = 12

h + 4s = 9

1 × (3h + 2s = 12)

3 × (h + 4s = 9)

3h + 2s = 12

3h + 12s = 27

Subtract the equation

-10s = -15

s = -15/-10

s = 1.5

One soda cost $1.5

Since h + 4s = 9

h + 4(1.5) = 9

h = 9 - 6

h = 3

One hotdog costs $3

Please help! Correct answer only, please! I need to finish this assignment this week. Determine the value of the following: A. B. C. D.

Answers

Answer:

B

Step-by-step explanation:

Given

[tex]\left[\begin{array}{ccc}3&2\\-4&6\\7&5\end{array}\right][/tex] - [tex]\left[\begin{array}{ccc}-1&0\\5&2\\4&9\end{array}\right][/tex]

Subtract corresponding elements to obtain difference, that is

[tex]\left[\begin{array}{ccc}3+1&2-0\\-4+5&6-2\\7-4&5-9\end{array}\right][/tex]

= [tex]\left[\begin{array}{ccc}4&2\\1&4\\3&-4\end{array}\right][/tex]  → B

this is actually a question but shhhhh, just copy it and youll get points....Drag each description to the correct location on the table. Each description can be used more than once.

Classify each polynomial based on its degree and number of terms.

cubiccubicquarticquarticquinticquinticquadraticquadraticlinearlinearmonomialmonomialmonomialbinomialbinomialbinomialtrinomialtrinomial

Answers

You already did it though.

The answer is what you got

cubiccubicquarticquarticquinticquinticquadraticquadraticlinearlinearmonomialmonomialmonomialbinomialbinomialbinomialtrinomialtrinomial

solve each equation by graphing (work shown appreciated)

Answers

Answer:

Option A

Step-by-step explanation:

I used a graphing tool to graph the equations given. When graphed, the lines intercept at (-2,3). Therefore, it is the solution to the system of equations. See the picture attached for the graph.

Option A should be the correct answer.

hey mate iam indian

claim 10 points ​

Answers

Yah I want it hello hi

Answer:

k

Step-by-step explanation:

Carmine wants to know how many square feet of carpeting he will need to buy to cover his family room floor. Which geometric measure does Carmine need to find?

Answers

Answer:multiply the width and depth of the roomStep-by-step explanation:

the horizontal and vertical dimension

Jon won 30 marbles playing horseshoes at a game night. Later, he gave 3 to each of his friends. He only has 9 left. How many friends does she have?

Answers

She has a total of 7 friends
30 marbles minus the 9 she has left is 21
21 divided by 3 per friend is 7 friends

If the cost price of 10 chairs equal to the selling price of 16 chairs. Find the profit or loss percent please.

Answers

Answer:

The answer should be 37.5%

Step-by-step explanation:

Help plz with this assignment

Answers

Answer A I think....










Angle bisectors. I need help on how to solve.

Answers

Answer:

identify if the angle is a right angle, if it is bisected it means both sides are the same, set both equations equal to each other or add them up and set them equal to 90 or 180

Step-by-step explanation:

that is the explanation.

Line AB contains points A(4, 5) and B(9, 7). What is the slope of AB?
5
2
이를
0
2
5
N/u un un nu

Answers

Slope of AB = 7-5/9-4

=2/5

use long division to find the quotient below (5x^5+90x^2-135x)(x+3)​

Answers

Answer:

   quotient: 5x^4 -15x^3 +45x^2

Step-by-step explanation:

The division is performed in the attachment. At each stage, the quotient is the ratio of the highest-degree terms in dividend and divisor.

To find the dividend for the next step, subtract the product of quotient term and divisor from the current dividend. This is essentially the same way you do long division using integers.

do prisms need to have rectangular or triangular bases?

Answers

Answer: Boths

Step-by-step explanation:

12.48 ÷ 7.6
[tex]12.48 \div 7.6 [/tex]

Answers

Answer:

2.08

Step-by-step explanation:

12.48 ÷ 6

= 2.08

Answer:

Hi

Answer:

= 1.6

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