Cooper is opening an online savings account to hold his $20,000 emergency fund. The online account pays 1.5% interest compounded monthly. If Cooper does not deposit or withdraw any money from the account, how much will be in the account in 25 years

Answers

Answer 1

Answer:

After 25 years, Cooper will have $29,093.01 in his savings account.

Step-by-step explanation:

While Cooper opened an emergency savings account of $ 20,000, which yields an annual interest of 1.5% compounded monthly, to determine how much money he will have in his account after 25 years, the following calculation must be performed:

X = 20,000 (1 + 0.015 / 12) 25x12

X = 29,093.01

Therefore, after the passage of 25 years, Cooper will have $ 29,093.01 in his savings account.


Related Questions

what is the answer please

Answers

Answer:

X=20

Step-by-step explanation:

I think

The Department of Commerce in a state has determined that the number of small businesses that declare bankruptcy per month is approximately a Poisson distribution with a mean of 3.4. Find the probability that more than 3 bankruptcies occur next month.

Answers

Answer:

0.44164

Step-by-step explanation:

Given that :

Mean (λ) = 3.4

probability that more than 3 bankruptcies occur next month

Using the poisson distribution formula :

P(x ; λ) = P[(e^-λ) * (λ^x)] ÷ x!

Probability of obtaining more than 3 bankruptcies :

To save computation time, we can use the poisson distribution calculator :

P(x >3 ; λ = 3.4)

P(x > 3) = 0.44164

P(x > 3) = 0.44164

What is negative 3/8 + 1/6

Answers

Answer:

-3/8 + 1/6 = -5/24

Step-by-step explanation:

The answer is -5/24 because -3/8 and 1/6 with a common denominator is -9/24 + 4/24 and this equals -5/24.

P.S Can I have brainliest?

Which ordered pair could be removed to
make the set a function?
{(1,3), (2,4), (3,4), (3,6), (5, 10), (6,3)}
A. (1,3)
B. (6,3)
C. (5, 10)
D. (3,4)

Answers

Answer:

The answer is choices D.

Step-by-step explanation:

hope this helps

D. (3,4)
Because as you can see the rest of them are half of the number like 2 is half of 4 but 3 can’t do into 4 with out there being some left over

What is the slope of a line represented by 3x-14y=28

Answers

Answer:

3/14

Step-by-step explanation:

3x-14y=28

solve

add -3 both sides

3x−14y+−3x=28+−3x

−14y=−3x+28

divide both sides by -14

y= 3 /14 x−2

y=mx+b

so 3/14 is the slope

A student decided to make random guesses for all the above 5 true/false questions. What is the probability of this student getting one or more correct answer

Answers

Answer: 25%

Step-by-step explanation:

The probability of getting at least one correct answer is  255/256 ≈ 0.996

The probability of getting exactly one correct answer is 5/256 ≈ 0.0195

What is probability?

The probability is defined as the possibility of an event being equal to the ratio of the number of outcomes and the total number of outcomes.

As there are two possible results for each of the 5 questions, there are

2⁵ = 256 possibilities total.

To calculate the probability, then, we only need to know how many ways the student can get one correct answer.

The question's wording contains a small amount of uncertainty, therefore we will discuss both possibilities.

Probability of at least one correct answer:

There is only one way the student can have no correct answers, meaning there are 256 -1 = 255 ways the student can have at least one correct answer.

Thus, the probability of getting at least one correct answer is

255/256 ≈ 0.996

Probability of exactly one correct answer:

There are 5 ways the student can get exactly one correct answer

Thus, the probability of getting exactly one correct answer is 5/256 ≈ 0.0195

Learn more about probability here:

brainly.com/question/11234923

#SPJ2

Ethan has saved $180 to buy a bicycle which costs $540. He wants to find how much more he needs to save to buy the bicycle
Which equation when solved would show Ethan the amount of money he needs to save?

Answers

Answer:

X = 360

Step-by-step explanation:

180 + x = 540

-180 = -180

Answer:

540-180=360

Step-by-step explanation:

Why? Because he has 180, he need 540. There is 360 in between, which is the money he needs.

Hope this is the right equation.

help i give brainliest

Answers

Answer:

y = 11-x

y = 2x-1

Step-by-step explanation:

Let x and y be the two numbers

x+y = 11

y = 2x-1

Solving the first equation for y

y = 11-x

Answer:

Im their friend so i'ma just take the pts (cuz i need them)

Step-by-step explanation:

Thx

A flower bed is in the shape of a triangle with one side twice the length of the shortest side and the third side is 12 feet more than the length of the shortest side.Find the dimensions if the perimeter is 136 feet​

Answers

x - the shortest side

2x

x + 28

The sum of these must be equal to the perimeter of the flower bed, so

x + 2x + x + 28 = 184

4 x + 28 = 184  Combined like terms

4x = 156  Subtracted 28 from both sides

x = 39  Divided both sides by 4.

So the dimensions are 39 feet, 78 feet, and 67 feet

how do i make brianliest

Answers

when two people respond you press the crown next to the best answer which marks it brainliest

when u ask your question you need 2 answers to mark branilest because one of them is the brainlest there is a crown next to the someones answer (near the report button) to your question  and u just pick one in order to do this u have to make sure you have 2 answers not 1 ;D

i hope this answered your question :)

When a fair 6 sided dice is rolled, what is the probability that is will land on the five?

Answers

Answer:

1/6

Step-by-step explanation:

Only one of the six sides is a 5 on the die. So there is a 1/6 chance that it will land on it

It would be 1/6 chance of it rolling on 5 because the dice has 6 sides, so if a dice has 8 sides then it would be a 1/8 chance to roll on any number

According to a survey in one U.S. city, 53% of women between the ages and 25 of 35 are married, 45% are working full time, and 21% are married and working full time. If a woman between the ages of 25 and 35 is picked at random from the city, what is the probability that she is working full time or married but not both

Answers

Answer: 56%

Step-by-step explanation:

given data:

married women between 25 and 35 = 53%

working full time = 45%

married  and working full time = 21%

Solution:

= 53% - 21%

= 32%

= 45% - 21%

= 24%

probability that she is working full time or married but not both

= 32% + 24%

= 56%

so do yall know this?

Answers

Answer:

Length: meter

Mass: Kilogram

Volume of a solid: Cubic meter

Volume of a liquid: Liters

Temperature: Degree Celsius

Time: second

The formula for calculating density:

[tex]p = \frac{m}{v} [/tex]

Answer:

Look below! Have a wonderful day! Happy Holidays! :) Hope I helped!

I believe the formula of calculating Density is

p = m/v

Length is Meter

Mass is Kilogram

Volume of a Solid is Cubic Meter

Vloume of a Liquid is Liters

Temperature Degree Celsius

Time is Second

HELP LE WITH THE WORKSHEET ITS FOR 6 TH GRADE YALL GOT THIS CMON PLEAE HELPPP ILL GIVE YOU ALL THE POINTS I CAN PLEASE PLEASE PLEASE I BEG

Answers

Answer:

1) 55/100

2) 68/100

3) 24/100

4)95/100

5) 72/100

6)44/100

7) 90%

8) 56%

9)35%

10)76%

11) 10%

12)80%

Step-by-step explanation:

Answer:

N is 11/20, A is 17/25, T is 6/25, E is 19/20, H is 18/25, I is 11/25, M is 90%, A is 56%, C is 35%, L is 76%, T is 10%, U is 80%

Step-by-step explanation:

help!! how do i solve this and what is the answer??

Answers

Answer:

Yes you got it right.

Step-by-step explanation:

x= -7/4

x= -1 3/4, x= -1.75

the circumference of a circular piece of plot is 440m. find the area
pie is 22/7

Answers

Answer:

sorry I hope I could help u :(

Victoria invests $200 into an account with a 2.6% interest rate that is compounded semiannually. How much money will she have in this account if she keeps it for 10 years? Round your answer to the nearest dollar. Provide your answer below: The graph of the function f(2) - log,() is stretched vertically by a factor of 6, shifted to the right by 3 units, and shifted up by 5 units. Which of the answer choices gives the equation of the function g(2) described above? Select the correct answer below:
g(x) = -6log(x + 3) - 5
g(x) = -6log(x + 5) +3
g(x) = 6 log (x + 3) +5
g(x) = 6 log (x - 3) +5
g(x) = 6 log2(x – 3) - 5
g(x) = -6 log2(x - 5) +3

Answers

Answer:

1. Victoria will have in this account the sum of $258.95 after 10 years.

2. The answer choice that gives the equation of the function g(2) described above is:

g(x) = 6 log (x + 3) +5

Step-by-step explanation:

a) Data and Calculations:

FV (Future Value) $258.95

PV (Present Value) $200.00

N (Number of Periods) 20.000

I/Y (Interest Rate) 1.300%

PMT (Periodic Payment) $0.00

Starting Investment $200.00

Total Principal $200.00

Total Interest $58.95

Triangles ABC and FED are congruent right triangles. Find the length of FE. 8 m 6 m

Answers

Sawyer and Emily is so much scary

Find the sales tax.
Sales Tax
Selling Price Rate of Sales Tax Sales Tax
$60.00
3%
?
The sales tax is $.

Answers

Answer:

57.00

Step-by-step explanation:

welcome

Answer:

1.80

Step-by-step explanation:

60 x .03=1.80

For c=d(3.14)
What is c when d=100?

Answers

you would divide to have your answer!

Ron loan was 7,500.His interest rate is 8.5% for 4 years? What is the interest for the 4 years and the total payment at the end of the 4 years?

Answers

Answer:

The answer is 3000

Step-by-step explanation:

Find the slope of the line? (0,0) (1,-3)

Answers

Answer:

1/-3

Step-by-step explanation: hope this helps

btw can have brainliest?

Answer:

-3/1

Step-by-step explanation:

y2-y1                    -3 - 0       -3

x2-x1                      1 - 0         1                          

(3x + 6) (5x +4)
I need help I don’t understand

Answers

[tex](3x + 6)(5x + 4) \\ [/tex]

[tex] = 3x(5x + 4) + 6(5x + 4)[/tex]

[tex] = 15 {x}^{2} + 12x + 30x + 24[/tex]

[tex] = 15 {x}^{2} + 42x + 24[/tex]

the equation of three lines

Answers

¿por qúe? . ........
point-slope form, standard form, and slope-intercept form

The Height H(t) (in feet) of a projectile fired vertically into the air from the ground is given by the equation H(T) = -16t^2 + 96t, where t is time (in sec) after the launch.

A) How long will it take the projectile to reach its maximum height?

B) What is the maximum height?

C) How long does it take the projectile to reach the ground again.

Answers

Answer:

a) 3s

B) 144m

C) 6s

Step-by-step explanation:

Given the height modeled by the function;

H(T) = -16t^2 + 96t,

The body will reach its maximum height when dh/dt = 0 (when velocity is zero)

dh/dt = -32t + 96

0 = -32t + 96

32t = 96

t = 96/32

t = 3s

Hence it will take the projectile 3s to reach its maximum height'

B) To get the maximum height we will substitute t = 3 into the equation

H(T) = -16t^2 + 96t,

H(3) = -16(3)^2 + 96(3)

H(3) = -144+ 288

H(3) = 144m]

Hence the maximum height is 144m

C) The projectile reaches the ground at h = 0

H(T) = -16t^2 + 96t,

0= -16t^2 + 96t,

16t² = 96t

16t = 96

t = 96/16

t = 6

Hence it will take the projectile 6s to reach the ground again

What is the ratio for 321 to 56​

Answers

Answer:

Rounded to 12 decimals:

56/321 ≈ 17.445482866044%

Rounded to maximum 2 decimals:

56/321 ≈ 17.45%

List the following in order from least (top) to greatest (bottom).
6, 25, 27, V64, 764

Answers

Answer:

6  

25

27

64

764

It's just ascending order, easy.

There are 125 people on a mountain trail. If 84% of the people on the trail are on a hiking tour, how many people are on the tour

Answers

Answer:

Total people on the tour will be: 105 people

Step-by-step explanation:

Total people on a mountain trail = 125

Given that 84% of the people on the trail are on a hiking tour.

We need to determine how many people are on the tour.

All we need is to multiply 84% or 0.84 by 125.

i.e.

People are on the tour = 84% × 125

                                      = 84/100 × 125

                                      = 0.84 × 125

                                      = 105 people

Therefore, total people on the tour will be: 105 people

If f(x) -3x + 4 and g(x) =2, solve for the value of x for
which f(x)= g(x)is true.
Y=f(x)
g(x)
3

Answers

Answer:

28375683nxjs8737trxniu89oiec8n23783287 doo doo

Step-by-step explanation:

Please help geometry

Answers

Answer:

Step-by-step explanation:

if the triangles are similar their sides should be in proportion so

(56/70)=(48/60) and they are in proportion because .8 = .8

ΔNQR ~ ΔNLM

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