Arturo’s parents deposit $50 each month into a college savings account with a 5.75% interest rate, compounded monthly.

About how much money did Arturo’s parents invest after 10 years?
About how much interest was earned after 10 years?
Between 10 years and 20 years, how much more interest would you expect the account to earn?

Answers

Answer 1

(a) $6000; this sum is to be invested by Arturo's parents after ten years. (b) After ten years, $2083.74 in interest was earned. (c) The difference of $8346.15 was earned.

What is interest?

The fee you pay to borrow money or the fee you charge to lend money is called interest.

Monthly deposit $50

Interest rate, r = 5.75%/12 = 23/4800 = 0.00479

In 10 years, N = 10 × 12 = 120 months.

Total Investment = monthly deposits x N

= $50 x 120 = $6000.

$6000 this amount is to Arturo’s parents to invest after 10 years.

FV = Monthly ×/r

FV =  50 ×[tex]((1+r)^{120} -1)/r[/tex]

FV= [tex]\frac{((1+r)^{120} -1)}{0.00479}[/tex]

FV =  $8083.74

Interest Earned in 10 years = $8083.74—$6000 = $2083.74

If they continue to invest for 20 years, tenure = 12 × 20 = 240 months.

FV = 50 ×[tex]((1+r)^{120} -1)/r[/tex]

FV= [tex]\frac{((1+r)^{240} -1)}{0.00479}[/tex]

FV=  $22429.89

Interest Earned in 20 years = $22429.89—$12000 = $10429.89.

Interest Earned between 10 years and 20 years = $10429.89—$2083.74 = $8346.15

As a result, a) $6000 b) $2083.74 c) $8346.15 is an accurate answer.

Learn more about on interest, here:

https://brainly.com/question/1040694

#SPJ1


Related Questions

what were the goals of the united states nations? check all that apply

Answers

there's no pdf to know what the questions/answers are

what are the points for?

Answers

Answer:

the points are the currency used for this app

NEED HELP WITH 19 and 21 !!! for brainlest answer

Answers

B

Explanation:Many individuals were trapped in an endless cycle of indentured servitude in which they only made enough to make ends meet.

Semi-historical narratives that account for the deeds of heroes, the movements of peoples, and the establishment of local customs are called

Answers

Legend is a conventional narrative that is often generally accepted as historical but has not been verified.

Historical narratives are the language and structural structure through which individuals may arrange the "course of time" in a meaningful manner, giving everyday life a temporal frame and matrix of historical orientation.

A historical narrative might be written through the perspective of a fictitious character or as the account of a historical figure who witnessed the event. The key to an effective historical narrative is to provide a compelling story without misrepresenting the facts.

Therefore, it is called legend.

To know more about legend click here:

https://brainly.com/question/400122

#SPJ4

Explain and elaborate on TWO ways in which life in the Soviet Union was improved under Gorbachev, from how life had been under Stalin/Khrushchev/Brezhnev.

Answers

Gorbachev's reforms are ultimately responsible for the Soviet collapse, which saw the end of Soviet superpower status, a massive reduction in the Soviet military's size and strength, the unilateral evacuation of all territories in Central and Eastern Europe occupied at great human cost in the Second World War, and a rapidly declining economy fragmented into fifteen separate states. Much of the argument that the Soviet political system and economy needed reform needed change to avoid collapse came directly from him - the phrase "Era of Stagnation" to describe the Brezhnev years is actually a piece of Gorbachev's rhetoric. However there seems to be a strong case (made by Stephen Kotkin in Armageddon Averted), that while the Soviet economy was growing at ever slower rates, and increasingly unable to close the ever-present gap in living standards between the USSR and the West, probably could have continued to muddle on - there was no imminent danger of political and economic collapse in 1985. It's also important to note that Gorbachev's reforms did not cause the collapse of the USSR on purpose, and Gorbachev was always committed to maintaining the union in some reformed shape under an economic system that was still socialist. However, his reforms both began to pick apart the centralized economy without really creating new institutions, which caused severe economic disruptions, and his political reforms unleashed new political movements outside his control, while all of these reforms antagonized more hardline members of the nomenklatura (party establishment). Ultimately he lost control of the situation. The Soviet system was highly-centralized and governed in a top-down approach, and it was Gorbachev who put reforms into motion and also removed members of the Soviet government and Communist party who opposed reforms. Gorbachev's period tends to get divided into roughly three periods: a period of reform, a period of transformation, and a period of collapse. The period of reform lasted roughly from 1985 to 1988, in which Gorbachev and his supporters in the government (notably Eduard Shevardnadze, Gorbachev's foreign minister and the future President of Georgi, and Aleksandr Yakovlev, Gorbachev's ally on the Politburo and the intellectual driver of reforms) tried a mixture of moderate reforms and moral suasion to revitalize the Soviet economy as it was, echoing Khrushchev's reforms of 20 years previous. While the goal was a revitalization of Soviet society and the economy, there was a very strong focus on morality: this period notably featured the anti-alcoholism/prohibition campaign, and very public campaigns against corruption (Dmitry Furman called this a "sort of Marxist Protestantism"). When these efforts did not secure the results that Gorbachev and his reformers desired, more far-reaching reforms were pursued in the 1988-1990 period. This is when Gorbachev made massive changes to Soviet foreign policy, such as withdrawing from Afghanistan in 1989, announcing unilateral cuts to military spending and forces at the UN in 1988, and more or less cutting the USSR's Eastern European satellite states in 1989. On the domestic sphere, this is when Gorbachev pushed through major political changes to the Soviet system, pushing through a new Congress of People's Deputies to be filled through semi-free elections, removing the Communist Party's monopoly of power and creating the office of President of the USSR for himself in 1990. This is also the period when glasnost ("openness", ie the lifting of censorship) took off, and these all were largely attempts to establish a new base of support for continued reforms once it became clear to Gorbachev that most of the Communist Party was uninterested in this. These reforms ushered in the 1990-1991 chaos, at which point Gorbachev essentially lost control. Falling oil prices and the crackdown on alcohol sales (which were a massive part of the Soviet budget), plus Gorbachev's loosening of management and sales restrictions on state firms while maintaining most of their subsidies, plus plans for importing of new Western machine tools and technology to revitalize the economy, seriously destabilized the Soviet budget, and caused the government to turn to the printing presses to cover ever increasing deficits.

What led Las Gorras Blancas to target the property of large ranch owners?
A. support for groups that wanted to protect Mexican culture
B. fear that the education of Mexican American children was being threatened
C. opposition to national labor organizations by the group's members
D. resentment among Mexicans at the loss of their land

Answers

Answer:

D.resentment among Mexicans at the loss of their land

Which Prussian military officer helped the Continental army by instituting a system of standardized drills and maneuvers that helped build a better disciplined fighting force

Answers

Freidrich Wilhelm von Steuben was the Prussian military officer helped the Continental army by instituting a system of standardized drills and maneuvers that helped build a better disciplined fighting force.

At Washington's recommendation, Congress appointed Major General and Inspector General of the Continental Army. Steuben quickly created an exemplary soldier company and trained them in marching, using bayonets, and executing swift orders on the battlefield.

Baron Friedrich von Steuben, a Prussian soldier hired by George Washington to shape the Continental Army during the worst of the Revolutionary War, is known for his courage and the discipline and determination he has shown to the American Army. I am.

Von Steuben returned to the Continental Army in April 1779, and for the rest of the war he was General Nathaniel Greene's instructor and supply officer.

Learn more about Freidrich Wilhelm von Steuben here:https://brainly.com/question/1103775

#SPJ4

Helppppppppppppppppppp

Answers

Answer:

b

Explanation:

sameul adams was the lead writer of the declaration of independence

9 A stadium has 54 790 seats. What would you say was its maximum capacity: a) to the nearest thousand?b) to the nearest hundred? please help me​

Answers

Answer:

a) 6000

b) 5500

Explanation:

this is just rounding:

rounding 54790 to the nearest thousands would be 5000 as 6000 would be too far.

rounding 54790 to the nearest hundred would be 5500, as 5400 would be too far

One major result of Karl Marx's economic theories was:
A. the growth of demand for consumer products.
B. the decline in support for Keynesian economies
C. the rise of more command economies.
D. the spread of free market principles

Answers

A major result of Karl Marx's economic theories was: C. the rise of more command economies.

Who is Karl Marx?

Karl Marx was a German sociologist, philosopher, economist, historian, author and political theorist. Also, Marx was born on the 5th of May, 1818 in Trier, Germany and he's famously known for his literary works on socialism, capitalism and communism.

Basically, the rise of more command economies across the world was a major result of Karl Marx's economic theories.

Read more on Karl Marx here: https://brainly.com/question/2283863

#SPJ1

The treaty of Versailles included a “war guilt” clause that

Answers

Answer:

The Treaty of Versailles is one of the most controversial armistice treaties in history. The treaty's so-called “war guilt” clause forced Germany and other Central Powers to take all the blame for World War I. This meant a loss of territories, reduction in military forces, and reparation payments to Allied powers.

2. Study the diagram below. What is one thing about the trench system that fascinates or surprises you? Why?

Answers

The most surprising thing for me personally was the set up of the trenches, there is a very good system where the front line is the first to attack or be attacked while the others are there as backups. If someone were to get hurt within the first trench, there are easily accessible routes for the soldiers to take to retreat to safety, on the contrary, if the front lines were in need of any reinforcement whatsoever, there is a clear way to travel for the soldiers to get more ammunition or man power.

What is the purpose of the cover of this magazine, which was founded by Gloria Steinem?

A. to prove that women can work outside the home and still accomplish their womanly duties at home
B. to highlight that women's compassion makes them a greater agent for social justice than men
C. to show that women have mastered the balance between the masculine and feminine principles within
D. to convince women that they should be the head of the household since they can juggle several tasks at once

Answers

The purpose of the cover of this magazine is to convince women that they should be the head of the household since they can juggle several tasks at once.

What does this magazine convey?

The image that is conjveyed here is that of a woman who can do it all. Whaty is shown is a woman that has mastered the act of contyrolling a lot.

She is able to juggle between different tasks while she still goes ahead to work in the office.

Read more on feminism here:

https://brainly.com/question/1092730

#SPJ1

Answer: A: To prove that women can work outside the home and still accomplish their womanly duties at home

Explanation: got it right on plato

Characteristics of australoids?​

Answers

Answer:

They are characterized as dolichocephalic

Explanation:

They are dolichocephalic, which indicates that they have a long head. They have black, curly, silky hair, while others have straight hair. Their skin is chocolate, and their irises are black or brown. The Australoids have big, heavy jaws, but how their teeth are set up is normal.

Which of the following is not considered a risk factor for dementia?
A.
vitamin deficiency
B.
age of the individual
C.
alcohol or drug abuse
D.
having Down syndrome

Answers

Answer:

that is C alcohol or drug abuse

Why did a civil war begin in Russia?

Answers

the overthrowing of the monarchy and the new republican government's failure to maintain stability

The main goals of the Europeans in conquering Asia and the Pacific could be summed up as:
profit and ports.
factories and labor.
God, gold, and glory.
All of the choices are correct.

Answers

C) god, gold, and glory

Explanation: Historians generally recognize three motives for European exploration and colonization in the New World: God, gold, and glory.

What went from Africa to North America in 1800s

Answers

Answer:

slaves

Explanation:

Merchant ships set out from Britain, loaded with trade goods which were exchanged on the West African shores for slaves captured by local rulers from deeper inland; the slaves were transported through the infamous "Middle Passage" across the Atlantic and were sold at considerable profit for labor in plantations.

Slaves went from Africa to North America

A graph has years on the x-axis and value of savings on the y-axis. A line with 5.75 percent interest goes through (3, 2,000) and (8, 6,000). A line with no interest goes through (5, 3,000) and (10, 6,000).
Arturo’s parents deposit $50 each month into a college savings account with a 5.75% interest rate, compounded monthly.

About how much money did Arturo’s parents invest after 10 years?
About how much interest was earned after 10 years?
Between 10 years and 20 years, how much more interest would you expect the account to earn?

Answers

(a) $6000 this amount is to Arturo’s parents to invest after 10 years. (b) $2083.74 this amount is interest was earned after 10 years. (c) $8346.15 between the amount was earned.

What is interest rate?

An interest rate indicates how expensive borrowing is or how lucrative saving is.

Arturo’s parents deposit $50 each month

Interest rate, r = 5.75%

5.75%/12 = 23/4800 = 0.00479

In 10 years, tenure, N = 10 × 12 = 120 months.

Total Investment = monthly deposits x N

= $50 x 120 = $6000.

$6000 this amount is to Arturo’s parents to invest after 10 years.

FV = Monthly ×[tex]((1+r) ^{120} -1)[/tex]/r

FV =  50 ×[tex]\frac{((1+0.00479) ^{120} -1)}{0.00479}[/tex]

FV =  $8083.74

Interest Earned in 10 years = $8083.74—$6000 = $2083.74

If they continue to invest for 20 years, tenure = 12 × 20 = 240 months.

FV = [tex]\frac{((1+0.00479) ^{120} -1)}{0.00479}[/tex]

FV = [tex]\frac{((1+0.00479) ^{240} -1)}{0.00479}[/tex]

FV=  $22429.89

Interest Earned in 20 years = $22429.89—$12000 = $10429.89.

Interest Earned between 10 years and 20 years = $10429.89—$2083.74 = $8346.15

As a result, a) $6000 b) $2083.74 c) $8346.15 is an accurate answer.

Learn more about on interest rate, here:

https://brainly.com/question/14445709

#SPJ1

The writers of the Constitution of 1787 created a powerful central government that shifted away from the concept of virtue and instead emphasized __________.

Answers

The writers of the Constitution of 1787 created a powerful central government that shifted away from the concept of virtue and instead emphasized federalism.

What is constitution?

Constitution can be defined as the laydown rules and regulations about how a country or nation should be govern or control.

The writers of the Constitution of 1787 shifted or move  to federalism were a country is govern by the federal government and state government.

Therefore the central government shifted away from the concept of virtue and instead emphasized federalism.

Learn more about Constitution here:https://brainly.com/question/453546

#SPJ1

Based strictly on the idea that populations concentrate on plains more than mountains, which location below would you expect to find the highest population density?
A. The Italian coast
B. Central Spain.
C. Western Russia
D. Northern Scandinavia

Answers

Based on the idea that populations concentrate on plains more than mountains, the location that we would you expect to find the highest population density is on The Italian coast.

What do we mean by population?

The term "population" refers to the group of individuals of the same species living and interbreeding within a given area. The members of a population mostly rely on the same resources, subject to similar environmental constraints and depend on the availability of other members to persist over time.

Furthermore, a population density, means the number of individuals living within a specific location or the number of individuals divided by the size of the area. In other times, a population density are used to describe the location, growth and migration of many organisms.

In this map, we see that the Italy region is located more on a plain, rather than on a mountain. Therefore, the Option A is correct.

Read more about population

brainly.com/question/25630111

#SPJ1

Answer:

ITALIAN COAST

Explanation:

i got it right

First describe how the study of history has changed from early to modern times. Specifically describe examples of how history was studied during the classical era, during the Renaissance, and in the modern era. Finish by identifying and defining the term historians use to describe the study of the discipline of history. (4 points)

Answers

The study of history changed from the beginning to modern times in relation to the method and the philosophical currents of the period, which directly influence the sciences.

What is the role of historical science?

The study and research of history allows the understanding of the human past, its customs and actions that influenced the present and the future, such as the social, economic and political structure of a period.

Therefore, the methods used for the study of history evolved with the passage of time and the implementation of the scientific method, making historical discoveries faster and more documented.

Find out more about historical science here:

https://brainly.com/question/1041247

#SPJ1

What are the consequences of consumer economic decisions?

Answers

Answer:

Consumers participate in, help guide and are ultimately some of the benefactors of the invisible hand of the market. Through competition for scarce resources, consumers indirectly inform producers about what goods and services to provide and in what quantity they should be provided.

Which areas were most permanently impacted by expansion of Islam?

A. The southwest African coast
B. Western Europe
C. Northern Europe
D. North Africa and southwest Asia

Answers

The North Africa and southwest Asia were the areas that were most permanently impacted by expansion of Islam.

What was the expansion of Islam?

It referred to the spread of Islam after the Muhammad's death by the caliphates that occupied a vast geographical area for the conversion of people to Islam.

Hence, the North Africa and southwest Asia were the areas that were most permanently impacted by expansion of Islam.

Therefore, the Option D is correct.

Read more about expansion of Islam

brainly.com/question/7784554

#SPJ1

Answer:

The answer is D

Explanation:

The other person was correct :)

How did the Mayflower Compact impact the colonists' views of government?
OA. It stated that each colony should create its own government.
B.
It declared that people have the right to self-government.
OC.
It established Plymouth Colony's independence from England.
0 0
D.
It created the first lawmaking body in the Americas.
Reset
Next

Answers

Answer:

B: The Mayflower compact stated that people have the right to self-government

Hope this helps and please mark as brainliest!!

Answer:yes

Explanation:

Mohandas gandhi used his philosophy of nonviolent noncooperation in an effort to:.

Answers

Answer:

Free India from Britain's rule.

Explanation:

At the time India was a British colony. The British also treated the Indian people horribly.

What role did religion play in Martin Luther King Jr’s youth

Answers

Answer:

He attributes the decision to become a minister to his father’s “noble example”

Explanation:

Christianity played a A prophetic role

How do Napoleons views in this letter reflect enlightenment thinking?

Answers

Napoleons views reflects the enlightenment thinking that he call for repression of the press. Thus option (B) is correct.

Who was Napoleons?

Napoleon I which is also known as Napoleon Bonaparte was the leader of the french military. He was one of the successful leader who conquered much of the Europe. He lived from 1769 till 1821.

The Napoleons Bonaparte's views were against the enlightenment thinking as he calls for the press to speak against the revolution. He also said to ban those newspaper who work against his interest.

Therefore the correct option is (B).

The complete question is attached below.

Learn more about Napoleon Bonaparte here:

https://brainly.com/question/361806

#SPJ1

What factors are most likely going to lead to a countries success and failure? (Examples: Mughal, Ottoman, Saffavid, Ming, and Qing, Empires)

Answers

The factors that most likely lead to a country's success and failure are

LeadersInvasioneconomydestitution

This is further explained below.

What is a country?

Generally, a sovereign state occupies a defined area of land.

In conclusion, Success or failure is usually determined by leaders, invasion, the economy, and poverty.

Read more about the country

https://brainly.com/question/14446535

#SPJ1

Who were the Mughals

Answers

Answer:

a Muslim dynasty who ruled over a majority Hindu population

Answer: The Mughals were a gunpowder empire who rose to power via aggressive means

Explanation:Gunpowder empires are nations who gain a monopoly over trade through the use of technological innovations such as heavy artillery
Other Questions
Complete the equation of this circle:(x [?])+(y - [ ])=[ ] Angle B is a complement of angle A and the measurement of angle A = 65.2. Find the measurement of angle B A perspectve that there are (or ought to be) universal norms that unite people across the globe is ____________. [Hint: Diogenes the Cynic claimed to be this.] Think of possible advances around the corner and how the quality of life, disease prevention, or surgical correction will benefit patients of the future. Questions in the picture A buyer purchased a newly constructed house from a builder for use as a residence. The buyer did not perform an inspection of the house prior to the purchase. Neither the contract nor the deed contained any warranties as to the condition of the house. Six months later, during a heavy downpour, the basement flooded. Since that time, whenever there has been a substantial rain, there has been water in the basement. The source of the problem has been identified as several cracks in the foundation wall that surrounds the basement. An expert hired by the buyer has opined that the cracks formed due to settling after the home was built and could have been prevented by adherence to proper construction methods. The builder has repeatedly refused to address the problem. Just before the first anniversary of the purchase, the buyer filed suit against the builder for the defective foundation wall and the resulting damages. There are no applicable state statutes that address the issue. Who will prevail? Since 1948, Unverferth Manufacturing has manufactured innovative agricultural equipment. In 2003, the firm started developing a new 12-row strip-till subsoiler, which prepares 10-inch-wide seed beds spaced 40 inches apart, a width that is commonly used in cotton production. Before introducing the new tiller, Unverferth developed and tested almost three dozen product prototypes. Unverferth used the ____ approach to innovation. Drag each expression to show whether the expression is equivalent to 12x - 6,24x+12, or neither. A hockey puck with a mass of 160 g is sliding across an empty ice rink. The coefficient of friction between the hockey puck and the ice is 0. 51. The puck travels 47. 7 m before coasting to a stop. What was the initial velocity of the puck?. Which statement shows a major difference in George Washington's style of governing as president compared to Andrewlackson's style?O Washington worked toward compromise, and Jackson used presidential powers to impede congressional progress.ESave & EO Washington handled foreign affairs with political grace, and Jackson brokered treaties toward peaceful resolutions.O Washington restricted rights of Native Americans and immigrants, and Jackson supported the practice of slavery.O Washington squashed uprisings using military force, and Jackson supported federal rule over states' rights. Economic SurveyThe Economic Survey of India said that the government should refrain from raising exemption limits on income tax to facilitate natural growth of individual earnings and widen the taxpayers base, even as it also suggested increasing property tax.The Economic Survey 2015-16, tabled in Parliament on Friday, also called for a review and phasing out of the tax exemption raj that benefited the richer private sector and a reasonable taxation for better-off individuals. A cross-country comparison shows that India currently has the lowest number of taxpayers, it said, adding that nearly 85 per cent of the economy still remains outside the tax net.Just 5.5 per cent of earning individuals are in the tax net and the ratio should be raised to a desirable estimate of about 23 per cent, it said. Making a study of the data since Independence, the Survey said that the exemption thresholds have been raised much more rapidly than underlying income growth resulting in a widening of wedge between average income and threshold limit.One of the low hanging fruit would be to refrain from raising exemption thresholds for the personal income tax, allowing natural growth in income to increase the number of taxpayers. In some ways, this would be reform through inaction, the Survey said. It said that subsidies amounting to Rs. 1 lakh crore paid to well-off need to be scaled back. Also tax exemptions raj which often amount to redistribution toward the richer private sector will also need to be reviewed and phased out.Reasonable taxation of the better-off, regardless of where they got their income from industry, services, real estate or agriculture will also help build legitimacy, the Survey added. It also suggested that property taxation needs to be developed as sparse systematic data on property taxation shows how little attention has been given to this tax.Property taxes are especially desirable because they are progressive, buoyant and difficult to evade, since they are imposed on a non-mobile good which can be relatively easily identified, it said.Making a case for higher property tax rates, the Economic Survey said it would put sand in the wheels of property speculation.Smart cities require smart public finance and a sound property taxation regime is vital to Indias urban future, the Survey added.It said India has not fully translated its democratic vigour into commensurately strong fiscal capacity. In long run, if India is to stay on the line as its per capita income grows, it will need to build fiscal capacity.The Survey also said the governments spending priorities must include essential services that all citizens consume: public infrastructure, law and order, less pollution and congestion. It said the state should prioritise on reducing corruption and governments effort to improve transparency through transparent and efficient auctioning of public assets will help create legitimacy and over time strengthen fiscal capacity. The Survey said economic development in India lags political development.Independent India has averted famines, but chronic malnutrition is still a challenge. The Indian state can organise mega events, but routine safety for women has turned out to be more difficult to achieve. The Indian state responds effectively to floods and tsunamis but finds water and power metering more challenging, it added.Question 1 : What the case is all about? Provide the brief summary of the key issues discussed?Question 2: Do you really think that the Indias recent economic survey is against raising income tax exemption limits?Question 3: What has been said about property tax? Formulate the quadratic function that contains the points (-2,1), (0,1) and (1,4). Feedback supplied by another person (coach, teacher, or trainer) about the outcome of a movement is called _________. Group of answer choices positive knowledge of results knowledge of performance execution Michelangelo was starving for a slice of pizza. he started at -50 feet in the sewers, climbed the ladder to the street, and ran 20 feet to the pizza restaurant. how many feet did michelangelo go for pizza? Please HELP!!!!!The domain (input values) of the cosine function is:A. angle measures less than 2 radians.B. angle measures between 0 and radians.C. angle measures less than 90.D. all negative and positive angle measures.SUBMIT What ae the fixed alleles in the human species?A. the alleles that change most often B. the alleles that everyone has C. the alleles that no one has D. the alleles that are on the most chromosomesAP E X Identify the range of the function shown in the graph. is a programming model that focuses on an application's components and data and methods the components use. Group of answer choices Classical programming Functional programming Procedural programming Object-oriented programming What is chemical engieering ? The reflexive property makes triangle XYW congruent or equal to ZWY by a SASb ASAc AASd SSS