Miguel plans on retiring in 16 years, and he wants to double his money by that time. He's contacted various banks, looking for a CD that compounds interest monthly, and to calculate what annual interest rate he needs, he is using the rule of 72. (3 points: Part I – 1 point; Part II – 1 point; Part III – 1 point)

Part I: What is the rule of 72? To represent the annual interest rate, use r.








Part II: What equation can Miguel set up to solve for the annual interest rate he needs to double his money by the time he retires?








Part III: What annual interest rate does Miguel need to double his money by the time he retires?

Answers

Answer 1

The rule of 72 is a rule of thumb that is used to determine the doubling time for an investment given the annual interest rate.

The equation Miguel needs to set up is r = 72/16.

The interest rate is 4.5%.

What is the rule of 72?

The rule of 72 is used to determine the time it would take an investment to double in value. The doubling time is determined by dividing 72 by the interest rate.

Number of years it would take an investment to double = 72 / interest rate

n = 72 / r

r = 72 / n

72 / 16 = 4.5%

To learn more about doubling time, please check: https://brainly.com/question/27314121

#SPJ1


Related Questions

Find the area of a circle with radius, r = 5.64m.
Give your answer rounded to 2 DP.
r
The diagram is not drawn to scale.

Answers

Answer:

99.93 [tex]m^{2}[/tex]

Step-by-step explanation:

1.  The area of a circle is defined by the equation: A = [tex]\pi r^{2}[/tex]

2. We can plug in the radius and solve the equation: A = [tex]\pi *5.64^{2}[/tex]

3. A = π * 31.8096

4. A = 99.932

5. A = 99.93

Determine the equation of the parabola shown in the diagram in vertex form. (check picture below)

Answers

The equation of the parabola is y - 1 = (2/3) * (x - 3)².

What is equation of the parabola ?

The general equation of a parabola is: y-k = a(x-h)²

(h, k) - Coordinates of the vertex.

a - Vertex constant

Here:

(h, k) = (3, 1) and (x, y) = (0, 7).

So,

7 - 1 = C · (0 - 3)²

6 = 9 · C

C = 2/3

Learn more about parabola here:

https://brainly.com/question/22132428

#SPJ1

Which of the following expressions represents the given algebraic tiles

Answers

The expression that represents the given algebraic tiles is 2x² + 6x + 6

What is an equation?

An equation is an expression that shows the relationship between two or more numbers and variables.

The expression for the given algebraic tiles is:

Total = x + x + x + 1 + 1 + 1 + x² + x + x + x + 1 + 1 + 1 + x² = 2x² + 6x + 6

The expression that represents the given algebraic tiles is 2x² + 6x + 6

Find out more on equation at: https://brainly.com/question/2972832

#SPJ1

What is the measure of z?

Z


X


y


4

9

z = [ ? ]VI

Answers

Answer:

z= [ 5] VI

that is my answer

if you apply to college as a freshman in 2023, and they accept you, when you start going to college?

Answers

Answer: Likely May through August 2023

Step-by-step explanation: It really depends on the college.

A number line goes from negative 5 to positive 5. Point D is at negative 4 and point E is at positive 5. A line is drawn from point D to point E.

What is the location of point F, which partitions the directed line segment from D to E into a 5:6 ratio?
Negative one-eleventh
One-eleventh
Two-fifteenths
Fifteen-halves

Answers

Directed numbers are numbers that have either a positive or negative sign, which can be shown on a number line. Therefore, point F is Fifteen-halves of line segment DE.

A number line is a system that can show the positions of positive or negative numbers. It has its ends ranging from negative infinity to positive infinity. Thus any directed number can be located on the line.

Directed numbers are numbers with either a negative or positive sign, which shows their direction with respect to the number line.

In the given question, the distance between points D and E is 9 units. So that dividing 9 units in the ratio of 5 to 6, we have;

[tex]\frac{5}{6}[/tex] x 9   = [tex]\frac{45}{6}[/tex]

          = [tex]\frac{15}{2}[/tex]

Therefore, the location of point F, which partitions the directed line segment from d to E into a 5:6 ratio is    [tex]\frac{15}{2}[/tex]. Thus the answer is Fifteen-halves.

For further clarifications on a number line, visit: https://brainly.com/question/23379455

#SPJ1

Answer:

1/11

Step-by-step explanation:

Got it right on assignment

how do i find the slope of the line containing ordered paid? A(2,-5), B(-2,6)

Answers

The slope of the given containing ordered paid A(2,-5) and B(-2,6) is -11/4.

What is Slope?

A slope also known as the gradient of a line is a number that helps to know both the direction and the steepness of the line.

slope = (y₂-y₁)/(x₂-x₁)

The slope of the given containing ordered paid A(2,-5) and B(-2,6) is:

Slope = 6+5/-2-2 = 11/-4

Hence, the slope of the given containing ordered paid A(2,-5) and B(-2,6) is -11/4.

Learn more about Slope of Line:

https://brainly.com/question/14511992

#SPJ1

what are the possible numbers of positive, negative, and complex zeros of f(x)=-3x^4+5x^3-x^2+8x+4

Answers

Answer:

There could be 0, 2, or 4 complex solutions

Step-by-step explanation:

The Fundamental Theorem of Algebra states that any polynomial with n degree will have n solutions So since the degree of the polynomial you provided has a degree of 4, that means there are 4 possible solutions. This question specifically asks for complex zeroes. Complex zeroes come in conjugate pairs, so that means if you have one complex zero, there is another complex zero which is it's conjugate. For this reason, there can only be an even number of complex zeroes. And since there's 4 possible solutions, There could be 0, 2, or 4 complex solutions

The minimun point on the graph of the equation y=f(x) is -1,-3. What is the minimum point on the graphof the equation y=f(x-5)

Answers

The minimum point on the graph of the equation y=f(x-5) is (-6, -3)

How to determine the minimum?

The initial minimum is given as:

(-1, -3)

The transformation y = f(x - 5) means that:

(x, y) = (x - 5, y)

So, we have:

(x, y) = (-1 - 5, -3)

Evaluate

(x, y) = (-6, -3)

Hence, the minimum point on the graph of the equation y=f(x-5) is (-6, -3)

Read more about transformation at:

https://brainly.com/question/24850937

#SPJ1

At a weather station in the Artic the temperature was recorded as -23° C.
Two hours later it had fallen by 11° C.
(i) What was the new temperature?
()Four hours after the first readings the temperature was -45° C.
By how much had the temperature fallen in four hours.

Answers

Answer:

(i) -34° C.
(ii) The temperature had fallen by 11° C.

Step-by-step explanation:

(i) As it's a negative number its like we are adding it so 23 + 11 = 34 and as it is a negative number it would be -23 - 11 = -34 which makes it -34° C.

(ii) We know that the temperature now is -45° C, we need to find out how much the temperature had fallen in the 4 hours which had passed. So what we do is essentially add it considering its a negative number so we add -34 by 11 which equals -45. We do this so we can find out how much the temperature had dropped within the 4 hours and as we know that we needed to add 11 to the previous temperature (-34° C) it means that the temperature has dropped by 11° C.

Use slope-intercept form to write the equation of a line that has a slope of −3 and passes through the point (1, −5).
y=
x=
m=

Answers

Answer:

y=-3x-2

Step-by-step explanation:

The slope-intercept form is y=mx+b

where m is slope and b is y-intercept.

Substitute m=-3 and point (x,y)=(1,-5) into the equation:

-5=-3(1)+b

-5=-3+b

b=-5-(-3)=-5+3=-2

Therefore, the required equation:

y=-3x-2

Calculate: 6666666x666666/1+2+3+4+5+6+5+4+3+2+1- 777777x777777/1+2+3+4+5+6+7+6+5+4+3+2+1

Answers

Answer: 3.8395025e+12

Lol

3839502493910

Step-by-step explanation:

you will multiple the 6 and the 7 digits and the other digits

The root rafter of a house has been raised to a height of 18 yards at the ridge. Half of the length of the run measures 14 yards. Find the length of the rafter.

Answers

The length of the rafter as detailed in the question is approximately; 22.80 yards

How to use Pythagoras theorem?

The formula for Pythagoras theorem is;

a² + b² = c²

where;

a and b are adjacent and opposite sides of the triangle formed

c is the hypotenuse

Now, a rafter is a sloped member of a roof structure. Thus, if the rafter is raised to a height of 18 yeards, it means that is the vertical height of the top of the rafter to the bottom of the kingpost.

Now, if half the length run is 14 yards, it means that half of the tie beams is 14 yards. Thus, from the base of the rafter to the center of the tie beams is 14 yards. Thus, we will use Pythagoras theorem to find the length of the rafter.

c = √(14² + 18²)

c = √520

c = 22.80 yards

Read more about Pythagoras Theorem at; https://brainly.com/question/231802

#SPJ1

Simplify : i) (〖6x〗^2+x-7)/(12x^2+14x)

Answers

An expression is defined as a set of numbers, variables, and mathematical operations. The simplification of the expression [(6x)²+x-7)/(12x²+14x) is (36x²+x-7)/[2(6x²+7x)].

What is an Expression?

In mathematics, an expression is defined as a set of numbers, variables, and mathematical operations formed according to rules dependent on the context.

The simplification of the given expression can be done as,

[tex]\dfrac{(6x)^2+x-7}{12x^2+14x}\\\\\\=\dfrac{36x^2+x-7}{12x^2+14x}\\\\\\=\dfrac{(6x)^2+x-7}{2(6x^2+7x)}[/tex]

Hence, the simplification of the expression [(6x)²+x-7)/(12x²+14x) is (36x²+x-7)/[2(6x²+7x)].

Learn more about Expression:

https://brainly.com/question/13947055

#SPJ1

Suppose that a probability is approximated to be zero based on empirical results. Does this mean that the event is​ impossible?.

Answers

Suppose that a probability is approximated to be zero based on empirical results, this does not mean that the event is​ impossible.

What is probability?

The likelihood that an event will occur is defined by probability. There are many instances in real life where we may need to make predictions about how something will turn out. The outcome of an event may be known to us or unknown to us.

By simply dividing the favorable number of possibilities by the entire number of possible outcomes, the probability of an occurrence can be determined using the probability formula. Because the favorable number of outcomes can never exceed the entire number of outcomes, the chance of an event occurring might range from 0 to 1.

Learn more about probability here:

https://brainly.com/question/24756209

#SPJ4

Can someone help.


Triangle not drawn to scale
Given: m = 53°, a = 18, and c = 14. Find me to the
nearest whole number.

Answers

Answer:

m∠C = 38°  (nearest whole number).

Step-by-step explanation:

To find the missing angle, use the Sine Rule.

Sine Rule (for angles)

[tex]\sf \dfrac{\sin A}{a}=\dfrac{\sin B}{b}=\dfrac{\sin C}{c}[/tex]

where:

A, B and C are the anglesa, b and c are the sides opposite the angles

Given:

A = 53°a = 18c = 14

To find m∠C, substitute the given values into the formula and solve for C:

[tex]\implies \sf \dfrac{\sin 53^{\circ}}{18}=\dfrac{\sin C}{14}[/tex]

[tex]\implies \sf \sin C= \dfrac{14 \sin 53^{\circ}}{18}[/tex]

[tex]\implies \sf C= \sin^{-1} \left( \dfrac{14 \sin 53^{\circ}}{18}\right)[/tex]

[tex]\implies \sf C= 38.40096301...^{\circ}[/tex]

Therefore, m∠C = 38°  (nearest whole number).

Learn more about the sine rule here:

https://brainly.com/question/27089170

https://brainly.com/question/27704834

im not sure how to solve this question ???

Answers

Answer:

Part A) B

Part B) D

Step-by-step explanation:

Given:

Total sweets = 10

Red = 4

Green = 2

Yellow = 3

Purple = 1

A = 2/10 = 1/5

B = 3/10

C = 4/10 = 2/5

D = 1

Solution:Part A)

Yellow sweets = 3

Total = 10

Probability = yellow/total

Probability = 3/10

Hence, B shows the probability of showing a yellow sweet.

Part B)

Sweets that are not orange = 10 (All sweets are not orange)

Total = 10

Probability = sweets that are not orange / total

Probability = 10 / 10

Probability = 1

Hence, D shows the probability of choosing a sweet that is not orange.

[tex]\rule[225]{225}{2}[/tex]

Mario is having a pizza party on Saturday night. He ordered 8 pizzas. if the average person eats 1/3 of a pizza, how many persons will 8 pizzas serve?

Answers

Answer:

24 people

Step-by-step explanation:

I pizza will feed 3 people

There are 8 pizza's

8 x 3 = 24

According to the data in the figure, find the value of x and y.

Answers

Answer:

This is a educated guess, but x is 80 and y is 100.

Step-by-step explanation:

My logic here is that the triangles are the same because of all the congruent lines and stuff. But from there, you know that both the right and the left side are 40 degrees. You know the total degree of a triangle is 180 so 180 - 40 - 40 is 100. So the final angle is 100. If you look at x, its on the outside, but on a line. If you can imagine a circle, its half, so its a 180 degrees total. Then its 180 = x + 100. So x is 80. And then by that same logic its y = 100.

find the area of the following figure..​

Answers

Answer:

456 [tex]cm^{2}[/tex]

Step-by-step explanation:

Find the height of the trapezoid first (QR):

[tex]\sqrt{37^{2} -35^{2} }[/tex] = 12

QR = 12

Area:

[tex]\frac{a+b}{2}[/tex] × h = [tex]\frac{35+41}{2}[/tex] × 12

           = 456 [tex]cm^{2}[/tex]

For each of the following a) identify the inverse function needed to solve for the indicated angle and b) solve for the angle (round to the nearest tenth of a degree).

Answers

The angle is the cosine inverse function because base over hypotenuse. Then the angle will be 37°.

What is trigonometry?

The connection between the lengths and angles of a triangular shape is the subject of trigonometry.

The triangle with base of 4 units and hypotenuse of 5 units.

We know that the angle is given by the cosine inverse function because base over hypotenuse. Then we have

⇒ cos⁻¹ (4/5)

Then the angle will be

⇒ 36.869 ≈ 37°

More about the trigonometry link is given below.

https://brainly.com/question/22698523

#SPJ1

Which scatterplot shows no correlation?
A graph with both axes unnumbered. A scattered line increases from left to right.

A graph with both axes unnumbered. A scattered line decreases from left to right.

A graph with both axes unnumbered. A short scattered line increases from left to right.

A graph with both axes unnumbered. A line zig zags up and down the graph.

Answers

The one with the zigzag line

Answer:

The graph has random dots all over

Step-by-step explanation:

isabella and aiden get a reward of $119 in the ratio of 4 3, what fraction of the total reward does isabella get

Answers

Using proportions, considering the given ratio, Isabella gets [tex]\frac{4}{7}[/tex] of the total reward.

What is a proportion?

A proportion is a fraction of a total amount, and the measures are related using a rule of three.

The ratio of Isabella and Aiden is 4:3, which means that out of 4 + 3 = 7 items, Isabella gets 4 and Aiden gets 3, hence the fraction is given by:

[tex]\frac{4}{7}[/tex].

More can be learned about proportions at https://brainly.com/question/24372153

#SPJ1

Please help me. Due today. Please show work so I can get it correct!!!!

Answers

Based on the inscribed angle theorem, the value of x is: 126°.

What is the Inscribed Angle Theorem?

The inscribed angle theorem states that, the measure of inscribed angle (63 degrees) equals half of the measure of central angle (x).

Thus, we would have:

63 = 1/2(x)

2(63) = x

126 = x

x = 126°

Learn more about the inscribed angle theorem on:

https://brainly.com/question/3538263

#SPJ1

Sam opened a savings account with $400. He earns $1,640 a
month at his job and will deposit 3% of his monthly pay every
month into his new savings account. Assuming he doesn't
withdraw money from his savings account, which equation shows
the balance y of his savings account x months after he opened it?
y = 12x + 400
y = 400x + 1640
y = 49.2x + 400
y = 0.03x + 400

Answers

Answer:

y = 49.2x+400

Step-by-step explanation:

He deposits 3% of his monthly pay = 0.03*1640 = $49.2 every month = 49.2x

He put $400 when he opened the account so that needs to be added in = 49.2x+400

Please help for 50 points with solution

Answers

Answer:

(d)  60°

Step-by-step explanation:

Theorems

Interior angles of a triangle sum to 180°Angles on a straight line sum to 180°

Therefore, the exterior angle of a triangle is equal to the sum of the two non-adjacent interior angles of the triangle.

⇒ (a + 20) + (a + 10) = (a + 90)

⇒ a + 20 + a + 10 = a + 90

⇒ 2a + 30 = a + 90

⇒ 2a + 30 - a = a + 90 - a

⇒ a + 30 = 90

⇒ a + 30 - 30 = 90 - 30

⇒ a = 60

Answer:

a = 60

Step-by-step explanation:

→ Find the sum of all the angles

2a + 30 + 90 - a = 180

→ Collect the a terms

a + 120 = 180

→ Find a

a = 60

hi I have no idea how to do this question :)

Answers

Answer:

A. 36

Step-by-step explanation:

Because the two angles at the bottom of both the triangles are congruent, the two triangles are similar. Therefore, the corresponding side lengths of the triangles must be proportional to each other

if the area of a triangle is hb/2,

(with h=length of height, b=length of base)

the height of the first triangle is:

25 = 10h/2

50 = 10h

h=5

you can write ratios representing the proportions of the two triangles:

5/x = 10/12 (with x=height of second triangle)

x=6

then find the area of the second triangle with the height (6) and base (12)

(6*12)/2 = 36

How many x-intercepts does the graph of y=2x^2-4x+2 have?

A.0
B.1
C.2

Answers

Answer:

B. 1

Step-by-step explanation:

Please see attachment.

Hope this helps!

If not, I am sorry.

What is the decimal expansion of the following fraction? 1/2

Answers

Answer:

the answer is 0.5

Step-by-step explanation:

The answer for this is 0.5

A frog with bionic legs leaps from a stump with an initial velocity of 64 ft/sec. It
is determined that the height of the frog as a function of time can by modeled
by h (t) = -16t² +64t + 3. How many seconds will it take for the frog to
land on the ground?

Answers

Considering the given quadratic function, it is found that it will take 4.05 seconds for the frog to land on the ground.

What is a quadratic function?

A quadratic function is given according to the following rule:

[tex]y = ax^2 + bx + c[/tex]

The solutions are:

[tex]x_1 = \frac{-b + \sqrt{\Delta}}{2a}[/tex][tex]x_2 = \frac{-b - \sqrt{\Delta}}{2a}[/tex]

In which:

[tex]\Delta = b^2 - 4ac[/tex]

The height after t seconds is given by:

h(t) = -16t² + 64t + 3.

it hits the ground when h(t) = 0, hence:

-16t² + 64t + 3 = 0

16t² - 64t - 3 = 0.

The coefficients are a = 16, b = -64, c = -3, hence:

[tex]\Delta = (-64)^2 - 4(16)(-3) = 4288[/tex][tex]t_1 = \frac{64 + \sqrt{4288}}{32} = 4.05[/tex][tex]t_2 = \frac{64 - \sqrt{4288}}{32} = -0.05[/tex]

Time has to be positive, hence the frog lands on the ground after 4.05 seconds.

More can be learned about quadratic functions at https://brainly.com/question/24737967
#SPJ1

Other Questions
The altitude of an airplane is decreasing at a rate of 42 feet per second. What is the change in altitude of the airplane over a period of 22 seconds?A. 924 feetB. -64 feetC. 64 feetD. -924 feet From a piece of tin in the shape of a square 6 inches on a side, the largest possible circle is cut out. What is the ratio of the area of the circle to the original square? What kinds of ""failures"" occur when you experiment in order to learn under conditions of high uncertainty?. A ruler measures length to the nearest 0.25 inches. Which is the mostappropriate way to report length using this ruler? PLEASE SOMEONE HELP I NEED IT LIKE RN1. Write a linear equation with the given informationThrough (4,-5), parallel to y = -x + 1(4 Points)2. Write a linear equation with the given informationThrough (2,-1), perpendicular to y = -2/3x + 5(4 Points) What was Albertine dreaming about in the second paragraph of the story? Please help ill give whoever answers the best the brainliest answer :))) Suppose that electricity for the Lopez family toaster cost Ghc8.00 per hour. How much money will the Lopez family pay per year if they use the toaster 3 hours per week Olp is looking for _ with _in international flight Find the value of x and y A person moving from a collectivist to an individualist society would most likelylose a degree of economicSelect one:O b. public ownershipO c. private ownershipO d. self-reliancea. competition What are three strategies to use when delivering a presentation? Drag the correct tiles to the presentation screen in the image. Not all tiles will be used. Make eye contact to create connections.Speak quickly to get through the material.Behave in a professional manner.Explain why you chose each image.Allow time for the audience to review visual elements. 1. The biggest advantage of an object created either as an object literal or with the new Object() command is that the object is reusable. True False What information can be used to compare linear relationships? Explain why Answers for part one and part two please! Compare how fresh and marine fish overcome problems A richter magnitude 8 earthquake is ________ times greater than a richter magnitude of 7. Choose three different types of financial institutions and research their websites. Write a report (about 500 words) describing at least three services that each of these financial institutions provides to consumers and businesses. An American car company sells 200 cars to Germany for a total of $600,000, while the United States imports 100 cars from a German car company for a total of $500,000 from Germany. What would be the effect of this trade agreement on the GDP of the United States? Write a letter to your friend, who has left your schoolfor another school, telling him/her new developments that has taken place in your school