An investment company pays 7​% compounded semiannually. You want to have $24000 in the future. ​ How much should you deposit now to have that amount 5 years from​ now?

Answers

Answer 1

Answer: You should deposit about $17014 or little more

Step-by-step explanation:

use the compound interest formula.

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

Where A is the amount you will save over some  years .

p is the principal or start up  amount mostly known as the initial fee.

r is the interest rate represent by a decimal so 7% will be 0.07.

n is the number of times the interest is being applied annually. Semiannually means  twice.  So n will be 2.

T is the time the money will elapsed. So in 5 years the money will elapse. Now input the values into the formula and solve for p the principal.

24,000 = p( 1 + 0.07/2)^2*5

24,000= p( 1 + 0.035)^10

24000 = p( 1.035)^10

24000 = p( 1.41059876062)  Divide both sides by 1.41059876062

p = 17104  

Which means you should deposit about $17014 or little more


Related Questions

find the value of x and y respectively A. 20, 120 B. 40, 120 C. 30, 140 D. 30,160

Answers

Answer:

Option A:

x=20 and y=120

Answer:

A. 20, 120

Step-by-step explanation:

[tex](4x - 20) \degree = 3x \degree..(vertical \: \angle 's) \\ 4x - 20 = 3x \\ 4x - 3x = 20 \\ \huge \orange { \boxed{x = 20}} \\ \\ 3x \degree + y \degree = 180\degree .. (straight \: line\:\angle 's) \\ 3 \times 20 \degree +y \degree = 180 \degree \\ 60 \degree + y \degree = 180 \degree \\y \degree = 180 \degree - 60 \degree \\y \degree = 120 \degree \\ \huge \red { \boxed{y = 120}}[/tex]

Is -2.7 an irrational number

Answers

Yes it is a irrational number

PLS HELPPPPPPP


M=5
N= -3

Look at the problem attached

Answers

Answer: -3.5 or -3 1/2

Step-by-step explanation: Put in the numbers -3 and 5 for the variables and simplify, (-2)-3 -2(5) -1/6(-3), to get 6 - 10 + 1/2(or 0.5), then add and subtract, 6-10= -4 + 0.5 = -3.5 or -3 1/2.

Hope this helped!

Pls Mark Brainliest!

work it out "the equation 1.5r + 15=2.25r represents the number r of movies u must rent to spend the same amount at each movie store. how many movies must u rent to spend the same amount at each movie store" then there's 2 pics one says "all rentals $1.50, membership fee $15" other says "membership free, all rentals $2.25"

Answers

Answer:

  20

Step-by-step explanation:

Your equation is correct. To solve it subtract 1.5r from both sides and divide by the resulting coefficient of r.

  15 = 0.75r

  15/0.75 = r = 20

You must rent 20 movies for the costs to be the same.

What is the slope for this?

Answers

Answer:

1/2

Step-by-step explanation:

(-4--2)/(3-7)=-2/-4=1/2

Answer:

b. 1/2

Step-by-step explanation:

Points: (7, -2), (3, -4)

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

slope = (-4 - (-2))/(3 - 7) = (-4 + 2)/(-4) = -2/(-4) = 1/2

Driving from Trenton to los angel see takes twice as long as driving from Trenton to Wichita, Kansas. The trip to LA is 40 hours. Write an equation to find the drive time from Trenton to Wichita, using? To represent that number of hours?

Answers

Answer:

1/2x=40

Step-by-step explanation:

1. 4 more than the difference of 8 and a number

Answers

Answer:

(8-n) + 4

4+ (8-n)

Step-by-step explanation:

I added 4 because it says "4 more" and I subtracted 8 and a variable because it says the "difference". I used a variable because the number is not specifically defined. I hope this helps!

Round 45.396 to the nearest tenth

Answers

The answer would be 45.4

Answer:

Step-by-step explanation:

45.396

tenth place is 3

on the right of 3 is 9. 9 is higher than 5. Therefore 3 becomes a 4.

the answer is  45.4

please help ! Easy 7th grade math ! It’s talking about integers!

Answers

Answer:

10. 12

Step-by-step explanation:

Number 10 is 12 but I don't understand number 11.

I hope this helps.

question 11- the answer is -7

since it’s saying “under par” it means that it’s in the negative area. so now that we know what the number is (7) and what area it is (negative) it’ll be -7 :)

I NEED HELP ASAP PLEASEEEE
Evaluate the expression for f = 4.
Write your answer as a decimal or whole number.
5f=
-----
4

Answers

Answer:

5

Step-by-step explanation:

Plug in the value of f into the equation:

5(4) /4

Cancel out 4

=5

Answer:

5

Step-by-step explanation:

5(4)/4

20/4

5

Write a brief explanation on how to simplify radicals

Answers

2 ways: make a little divide tree based on how many times you can divide it. Like you have sqrt88 you know it can divide by 2. So its 2 and 44, and 44 can be broken to 2 and 22, then 2 and 11. 11 can’t be divided anymore.

Now choose numbers that are the same and pair them together. These go outside the radicand. You had three 2’s and one 11. So a 2 would go on the outside and the remaining 2 and 11 would be multiplied leaved 2sqrt22.

Another way is to divide by the highest squared number. Taking sqrt88 again. 4 would be the highest squared number. So 88 would be 4 and 22, then 2 and 11. Since you have a 4 which is a perfect square you put that squareroot outside. The inside would remain the same because it wouldn’t break down into perfect squares or pairs anymore. So that would be 2sqrt22.

Question Help
A fisherman can row upstream at 1 mph and downstream at 4 mph. He started rowing upstream until he got tired and then rowed downstream to
How far did the fisherman row if the entire trip took 2 hours?
starting point
The distance the fisherman rowed is ___mi.

Answers

Answer: the answer is 3.2 miles

Step-by-step explanation:

The distance the fisherman rowed is 3.2 miles if the fisherman can row upstream at 1 mph and downstream at 4 mph.

What is a linear equation?

It is defined as the relation between two variables, if we plot the graph of the linear equation we will get a straight line.

If in the linear equation, one variable is present, then the equation is known as the linear equation in one variable.

It is given that:

A fisherman can row upstream at 1 mph and downstream at 4 mph.

He started rowing upstream until he got tired and then rowed downstream to his starting point.

Let the time of row upstream is x hours

Let the time of row downstream be y hours

From the question:

x + y = 2

x = 2 - y

x = 4y

Solving the above two linear equations by substitution method:

2 - y = 4y

5y = 2

y = 2/5

y = 0.4 hours

Distance = speed×time

Distance = 4×0.4 = 1.6 miles

= 1.6×2 = 3.2 miles

Thus, the distance the fisherman rowed is 3.2 miles if the fisherman can row upstream at 1 mph and downstream at 4 mph.

Learn more about the linear equation here:

brainly.com/question/11897796

#SPJ2

A field in the shape of a square has an area of 8,100 square feet. How can you determine the length of one side of the field?

Answers

To determine the length of one side use the formula for the area of square. As a square is equal on all four sides, finding one length results in any of the four. Solve using the formula and you receive your answer of 90.

A = s²

8100 ft² = s² (set up formula)

√8100 ft² = s² ( get s alone by squaring both sides)

90 ft = s (answer)

We can conclude that the side of the given square with an area of 8100ft² is 90ft.

What is a square?A square is a regular quadrilateral in Euclidean geometry, which means that it has four equal sides and four equal angles. It can alternatively be explained as a rectangle with two neighboring sides that are of equal length. A square is a two-dimensional plane object in geometry that has four equal sides and four equal but 90-degree angles.

So, the area of the square is 8100ft².

Formula: s²So, we know that: 8100 = s²

Now, calculate for s as follows:

s² = 8100s = √8100s = 90ft

Therefore, we can conclude that the side of the given square with an area of 8100ft² is 90ft.

Know more about squares here:

https://brainly.com/question/28934226

#SPJ2

Given: h(x)=-4x and g(x) = 3x +1
Find:
(nog)

Answers

Answer:

Step-by-step explanation:

h(g(x))

g(x)= 3x + 1

h(3x + 1) = 4(3x + 1) = 12x + 4

which represents the slope of a line that is parallel to a line with a slope of -2

Answers

Answer:

One with a slope of -2 and different y-intercept

e.g. y = -2x + 3

Jackson was selling cups of lemonade. On Saturday, he sold a total of 14 cups. On Sunday he sold cups at a steady rate of 3 cups per hour. Set up and solve an equation to find how many hours, h, it took Jackson to sell 47 cups (including those from Saturday).

Answers

Answer:

(47-14) h ÷ 3 =11

Step-by-step explanation:

47-14=33

33 divided by 3 is 11

Jackson takes 11 hours to sell 47 cups.

How to form an equation?

Determine the known quantities and designate the unknown quantity as a variable while trying to set up or construct a linear equation to fit a real-world application.

In other words, an equation is a set of variables that are constrained through a situation or case.

Let's say the number of hours that Jackson sold his cups on Sunday.

Now,

Saturday cups + Sunday cups = Total cups.

14 + 3x = 47

3x = 33

x = 11

Hence "Jackson takes 11 hours to sell 47 cups".

For more about the equation,

https://brainly.com/question/10413253

#SPJ2

You had $21 to spend on two notebooks. After buying them you had $17. How much did each notebook cost?

Answers

2$ each notebook

First you find how much you spent. You spent 4$ then divide it in half. That is how you get the answer.

NEED HELP ASAP NO ROCKY !!!!!
Write the coordinates of the vertices after a translation 4 units left and 7 units down.
10+
1
А
B
Searts
-10
10
С
10
-10
A(-6,0) - AOC
BCO,O) - BO
C(-5, -1) - CC
Practice with our 100

Answers

Step-by-step explanation:

scan it u could have the answer in a flash

I need help with B.​

Answers

Answer:

6x= 42

x= 7

Step-by-step explanation:

a) Area= length ×width

2100= 50 ×width

width= 2100 ÷50

width= 42 ft

Thus, the field is 42ft wide.

b) width of field

= x +3x +2x

= 6x

Since we know that the field is 42ft wide from (a),

Equation: 6x= 42

x= 42 ÷6

x= 7

15 points and brainlist! Math

Answers

Answer:

distribute the 3

Step-by-step explanation:

follow pemdas ill put a brainpop link below

its the answer highlighted in yellow

Answer:

the 4th option is the right answer

subtract the constants

hope this helped you

please mark as the brainliest (ㆁωㆁ)

Use long division to write the fraction -6/8 as a decimal.​

Answers

[tex] \frac{ - 6}{8} = - \frac{3}{4} = - 0.75[/tex]

The answer should be 0.75

True or False, the chance of flipping heads on a coin 3 times in a row is 1/2​

Answers

true flip a coin it's  fifty fifty

Answer:

False

Step-by-step explanation:

Each toss is an independent event, so the probability of three tosses of heads in a row is the product of the three probabilities..

Each probability of heads is

p(heads) = 1/2

p(heads, heads, heads) = p(heads) * p(heads) * p(heads) = 1/2 * 1/2 * 1/2 = 1/8

Answer: False

what is an expression is equivalent to 16.8 - 18.6

Answers

Answer:

- 1.8

Step-by-step explanation:

Step 1:

16.8 - 18.6

Answer:

- 1.8

Hope This Helps :)

Answer:

so is it negitive

Step-by-step explanation:

The number of calories consumed from an apple is directly proportional to the number of apples eaten. If 4 apples contain 380 total calories, how many apples would you have to eat to reach a total of 1,045 calories?

Answers

Answer:

Step-by-step explanation:

The direct proportion equation is y = kx which reads, "y is directly proportional to x". k is the constant of proportionality. In our case, we read this is as, "the number of calories is directly proportional to the number of apples eaten." Our equation would look like c = ka. We first are given that a = 4 and  = 380. We will use that to solve for k:

380 = k4 so

k = 95. Now that know the value of k, we will use that along with the number of calories (1045) to find the number of apples, a:

1045 = 95a so

a = 11

This means that it will be 11 apples that contain 1045 calories.

Which of the quadratic functions listed is written in standard form?
O A. Y= 2x² + 3x - 5
O B. Y-4 = - 3(x - 5)
OC. Y - 7 = -2(x + 3)?
O D. Y= (x+1)(x – 5)

Answers

Answer: A

Step-by-step explanation:

f(x)=ax²+bx+c is the standard form for quadratic functions. Looking at the answer choices, we can eliminate B, C, D. They are not the same as the given standard form. B and C are point-slope formulas, which are not standard form. D is in intercept form, therefore it is not standard form. This leaves us with A as the correct answer.

2.3 to 1 significant figure

Answers

☽------------❀-------------☾

Hi there!

~

2.3 to 1 significant figure.

= 2

❀Hope this helped you!❀

☽------------❀-------------☾

Answer:

2

Step-by-step explanation:

Locate the ones place:

2.3

Check the next number:

2.3

Since the number is less than or equal to 4, we round down.

2.3 ≈ 2

Hope this helps.

What is 47.2% as a fraction? (can someone show the work)

Answers

Answer: 59/125

Step-by-step explanation:

What is 47.2% as a fraction or mixed number in simplest form? 47.2% is 47.2/100 which is 472/1000 which is 59/125. 47.2% = 0.472 = 472/1000 = 59/125.

. 10(7x - 2) + 3(-7X - 8)

Answers

Answer:

49x-44 is it.

Step-by-step explanation:

What is the Range?
х. y.
1. 3
1. 4
3. 5
5. 6

Answers

Number five is your answer

Marcus and Emma went to the store together. Marcus had $2.00 and Emma had $4.50. Together they spent $6.00. What expression could be used to find the combined amount Marcus and Emma have left?

Answers

Answer:

$6.00-($2.00+$4.50)

in other terms, 6 - (2 + 4.5)

Step-by-step explanation:

So first, we know that they spent 6 in total. To figure out how much they spent, we need to figure out how much they had all together.

To get how much all together, we have to add. 2 + 4.5

Now that we now how to get the total amount, out them in parentheses and add the 6 infront.

Since we need to find the remaining amount, were subtracting 6 from the total, hence the parentheses.

All this leads to the expression: 6 - (2 + 4.5)

Hope this helps :)

Other Questions
What is an easy way to calculateThe amount of energy available at each trophic level 4x +y = 7what is the literal equation for y. if jessie had 3 feet of string and maxine had 34 inches of string, who had more string Mrs. Start's class paid $5.60 for 45 yd of lace for an art project. Later, the class decided to buy another 7 34 yd of the same lace to make costumes for the school musical. How much money do they need for this second purchase? Solve for x (see image) pls help!! What volume is represented by each small tick mark? (look at attachment) cmo ests aplicaciones de la biotecnologa ayudan o afectan el bienestar de las personas For something to be considered living, it must be composed of at least one what? 3|3t+1|=2|6t+3| Need hep Explain why the colonists formed a representative government. Simplify 4n5 + 3.5n5 + (-2.1n5). 20 n55.4 n56.4 n54.4 n5(the fives after the n are powers in the answers as well) Find the slope of the line perpendicular to the given line.y=-3/5x+1 Question 6 Multiple Choice Worth 1 points)(01.06 MC)Read and choose the option that best answers the questionTodos los aos, en el mes de mayo, nosotros nos preparamos para el festival de las flores de Panchimalco. El evento comienza a las cuatro de la maana. Esbastante temprano! Arreglarse para un evento tan especial como i festival de las flores de Panchimalco fcilmente puede tomar una o dos horas. Para el evento,los nios, nias y mujeres del pueblo se despiertan antes de las cuatro de la maana para prepararse.Based on the text, what do most people do to prepare for the Panchimalco Flower Festival?Admire the plantsPlant the end of JuneStart early in the dayTrust the youngestPrevious QuestionQuestion 1 (Answered)ONext QuestionO What does health insurance cover? If you pass will they help with funeral cost? The British government rejected the Albany Plan of Union because it believed thatA)the plan might hurt the economies of the colonies.B)the central government should be located somewhere besides Albany.C)the colonies were capable of protecting themselves.D)the plan was unnecessary and might lead to colonial independence. HLEP MEE!!!!Solve for Y! 2(x+3)=x-4 what is x? 5. If the lever arm is longer than the load arm, this lever system would bea class three lever systemb. a high speed systemc. a power systemd. disfunctional and is never seen in biological systems. describe the trend in viscosity of hydrocarbon fuels Love, which can't be observed or measured directly, is an example of a psychological construct.Please select the best answer from the choices provided rueO False