Ozzie Foster deposits $2,000 at the end of each year (ordinary annuity) into an Individual Retirement Account at Bishop Bank. The account pays 7% compounded annually. a) How much will be in the account in 25 years? b) If Ozzie had deposited the $2,000 at the beginning of each year (annuity due), how much would be in the account in 25 years?

Ozzie Foster Deposits $2,000 At The End Of Each Year (ordinary Annuity) Into An Individual Retirement
Ozzie Foster Deposits $2,000 At The End Of Each Year (ordinary Annuity) Into An Individual Retirement
Ozzie Foster Deposits $2,000 At The End Of Each Year (ordinary Annuity) Into An Individual Retirement

Answers

Answer 1

The ordinary annuity and annuity due as required in the task content are; $126,498.08 and $135, 431.43 respectively.

What is the annuity due?

a) The amount which would be in the account in 25 years can be evaluated by means of the annuity factor obtained from the table under column 7% and row 25 years and hence, the value in 25 years would be; $2,000 × 63.24904

= $126,498.08.

b) For the annuity due case; the future value is;

= (1+0.07) × $2000((1+0.07)^(25) - 1)/0.07

= (1.07) × $2000(5.43-1)/0.07

= $135, 431.43.

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Related Questions

solve for x: x = 0.7x + 24

Answers

Answer:

x=80

Step-by-step explanation:

x=0.7x+24

We move all terms to the left:

x-(0.7x+24)=0

We get rid of parentheses

x-0.7x-24=0

We add all the numbers together, and all the variables

0.3x-24=0

We move all terms containing x to the left, all other terms to the right

0.3x=24

x=24/0.3

x=80

Answer:

x = 80

Step-by-step explanation:

We are given the following equation.

x = 0.7x + 24

And we want to solve it for x.

For these kinds of equations, the way to solve for x is to isolate x on one side.

Because we have terms with x on both sides of the equation, we need to remove it from one side.

It's a good idea to remove x from the right side, as we also have our numbers on that side. If we move it to the left side, there aren't any numbers there, so we can more easily solve this equation.

Here is our equation again:

x = 0.7x + 24

Subtract 0.7x from both sides.

x = 0.7x + 24

-0.7x -0.7x

______________________

0.3x = 24

Now, we have variables on one side, and numbers on the other, but we aren't done yet.

Remember that we are solving for x, not 0.3x. (When x is written by itself, it is the same as 1x).

So, in order to find the value of 1x, we need to divide both sides by 0.3, as when a number is divided by itself, the value is 1. If there is a variable, the value will be 1*that variable (e.g. 1n, or n)

**Note that we don't divide by 0.3x, as if we did that, the left side would equal just 1, not 1x.

So, let's divide both sides by 0.3.

0.3x = 24

÷0.3   ÷0.3

__________

x = 80

Topic: solving linear equations

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If P= (-6,4) find Ry= -x (P)

Answers

The value of Ry= -x (P) is P' = (4, 6)

How to determine the transformation?

The point is given as:

P = (-6, 4)

The transformation Ry= -x (P) means tha:

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

So, we have:

P' = (4, 6)

Hence, the value of Ry= -x (P) is P' = (4, 6)

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Can you prove this statement using properties of logarithms? Assume all expressions exist
and are well-defined
3 log y z^9= log y z^27

Answers

Answer:

see below

Step-by-step explanation:

what 3 logy z^9 means you need to break it into two pieces, one log y z^9 means to find the exponent of y, and you can think z^9 as a number, and then if we multiple it with 3, which means three logs are summed,(the property of multiplication:3*2 means 2+2+2), thus log + log

has the property that the y is same z^9*z^9*z^9=z^(9+9+9)=z^27

Cheryl invested $1000 on Monday.Each day after that the stock increased 1% of its original value.On Wednesday she was charged an administrative fee of $10. Graph the value of the stock account at the end of each day

Answers

The value of the stock account at the end of each day is  mathematically given as

x=1010$.

What is the value of the stock account at the end of each day?

Generally, The price of the stock would have climbed by 1000 points, which is equal to 0.1 times 1000, or 10 dollars.

Therefore, the price of the stock would be 1010 dollars plus 10 dollars, which is 1020 dollars.

In conclusion, Cheryl was required to pay a ten dollar administrative fee, and this cost would be deducted from the stock price.

Following this logic, the price of the stock would be

x=1020-10

x=1010$.

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2.5.2 project performance task:trade show booth

Answers

The booth space and the product brochures are less than $3000 hence the equation of inequality will be  B + P ≤ $ 3000.

What is inequality?

Inequality is defined as an equation that does not contain an equal sign. Inequality is a term that describes a statement's relative size and can be used to compare these two claims.

Let the booth space be B and the product brochures be P.

Then the equation of inequality will be  

B + P ≤ $ 3000

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Complete question:

2.5.2 Project: A Trade Show Booth

The Scenario: Your manager has asked you to help plan your company's participation at a local trade show. You have $3000 to spend on the booth space and product brochures. Use what you know about solving inequalities to prepare the inequality that meets the budget.

Energy Drinks: Popular energy drinks contain green tea extract and caffeine. Do these energy drinks help you lose weight by increasing your metabolism? Researchers at a medical school designed an experiment to determine the chemical effects of green tea and caffeine on energy metabolism in healthy, lean, young adults. Researchers randomly assigned participants to 2 treatments. One group drank Formula A, a beverage with green tea and caffeine. The other group drank Formula B, a beverage with none of these ingredients but colored to look like Formula A. The beverages were blinded at the production site, so the experiment was double-blind. The researchers chilled the beverages to 6°C. Participants drank the beverages at the same time each day for three days. During the 3 days of the experiment, the researchers fed each participant the same diet. On the 3rd day participants spent 24 hours in a calorimeter chamber to measure their energy metabolism. The medical journal Obesity published the results in 2007. Which confounding variable is controlled by randomly assigning individuals to treatments? the effect of green tea and caffeine on energy metabolism the effect of green tea and caffeine on energy metabolism the physical fitness level of the participants the physical fitness level of the participants the time of day participants drank the beverages the time of day participants drank the beverages

Answers

The confounding variable which is controlled by randomly assigning individuals to treatments is: C. the time of day participants drank the beverages.

What is a confounding variable?

A confounding variable is also referred to as a confounder and it can be defined as a type of variable that has the ability to influence both the independent and dependent variables.

Also, a confounding variable is usually not accounted for by the researcher and as such it can cause a spurious association between the independent and dependent variables.

In this context, we can infer and logically deduce that the time of day at which participants drank the beverages is a confounding variable which is controlled by randomly assigning individuals to treatments.

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What is the solution to this equation?
-1/5(x+1 1/4)=-2 1/2

Answers

Answer:

О  x = 10 3/4

[tex]x = 10\frac{3}{4}[/tex]

Step-by-step explanation:

-1/5 ( x + 1 3/4) = -2 1/2

Particularly:

1 3/4 = 1 + 3/4 = 4/4 + 3/4 = 7/4

-2 1/2 = -2 - 1/2 = -4/2 - 1/2 = -5/2

Then:

-1/5 (x + 7/4) = -5/2

(x*-1/5 + 7/4*-1/5) = -5/2

(-x/5 + ((7*-1) / (4*5))) = -5/2

-x/5 + (-7/20) = -5/2

-x/5 - 7/20 = -5/2

-4x/20 - 7/20 = -50/20

-4x - 7 = -50

-4x =  -50  + 7

-4x = -43

x = -43/-4

x = 43/4

43/4 = 40/4 + 3/4 = 10 + 3/4 = 10 3/4

Find the height of a triangle with an area (A) of 42 square inches and
base (b) of 7 inches. Use the formula for the area of a triangle,

588 inches
147 inches
3 inches
12 inches

Answers

Answer:

147

Step-by-step explanation:

start by multiplying 42 and 7=294

now divide that by 1/2 =147

Drag each equation to the correct location on the table. Determine which equations will result in extraneous solutions.

Answers

Answer:

extraneous: 2, 5, 7

not: 1, 3, 4, 6, 8

Step-by-step explanation:

ones that have root of an even number and equal a negative are extraneous

The sum of three numbers 157. The third number is 7 less than the firstThe second number is 4 times the third What are the numbers?

Answers

Step-by-step explanation:

Let the first number be = x

Let the second number be = 4x -28

Let the third = x-7

x + 4x+ x -28 - 7

6x - 35

6x -35 = 157

6x = 157 +35

6x = 192

x = 32

therefore, x = 32, the second x = 4(32) -28

728 - 28

x = 100

third x = 32 - 7

x = 25.

Interpreting a Line of Best Fit
Use the graph and equation to answer the question.

A graph with number of visitors on the x-axis and amount of money on the y-axis. A trend line has equation y = 7.48 x + 2,245.21.

The graph includes ordered pairs displaying the relationship between the number of visitors at a museum during regular hours in a day (x) and the amount of money the museum collects during the given day (y).
The slope indicates that the museum

for every additional
, and the y-intercept could represent the daily average
.

Answers

Answer: A, C, C.

100%

Step-by-step explanation:

What is 8/9 divided by 2/3

Answers

Use it the way I solved in the picture you will understand much better

Which measures are true for the quilt piece? select three options. a = 60° x = 3 in. the perimeter of the rhombus is 16 inches. the measure of the greater interior angle of the rhombus is 90°. the length of the longer diagonal is approximately 7 inches.

Answers

The measures that are true for the quilt piece include:

a=. = 60°The perimeter of the rhombus is 16 inches.The length of the longer diagonal is 7 inches.

How to depict the information?

The value of a will be:

= 90° - 30°

= 60°

The perimeter will be:

= 4 × 4

= 16 inches.

The length of the diagonal will be:

= 2 × 3.46

= 6.92 = 7

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The sets A and I are defined as follows: A={−2,−1,0,1,7} I= {−2,−1,1,2,8}. Find the intersection of A and I.

Answers

The intersection of A and I are {-2, -1, 1}

How to determine the intersection?

The sets are given as;

A={−2,−1,0,1,7} I= {−2,−1,1,2,8}

The intersection of A and I are the common elements in both sets

The common elements in both sets -2, -1 and 1

This means that:

A n I = {-2, -1, 1}

Hence, the intersection of A and I are {-2, -1, 1}

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Please help answering this question

Answers

Answer:

DF = 3

Step-by-step explanation:

BC = DF

Which mean D is (0,2) and F is (3,2)

Here, this is clear that y-intercept is 2

DF = D(x) + F(x) = 0 +3 = 3

WILL MARK BRAINLIEST

Answers

Answer: constant of proportionality = 0.75

How to find constant of proportionality?

Constant of proportionality is the same as the slope of a straight line.

Slope formula is given by:

[tex]\sf slope: \dfrac{y_2 - y_1}{x_2- x_1} = \dfrac{\triangle y}{\triangle x} \ \ where \ (x_1 , \ y_1), ( x_2 , \ y_2) \ are \ points[/tex]

Here take two points: (0, 0), (4, 3)

[tex]So, \sf \ slope : \dfrac{3-0}{4-0} = \dfrac{3}{4} \quad or \quad 0.75[/tex]

Hence, the constant of proportionality is 0.75

Answer:

Constant of proportionality = 0.75

Step-by-step explanation:

To find the constant of proportionality of a graph that goes through the origin:

• First select a point on the graph whose coordinates you can easily read; in this case such a point is already marked (4, 3).

• Next, simply divide the y-value by the x-value of the coordinates to find the constant of proportionality:

Constant of proportionality = y ÷ x

                                              3 ÷ 4

                                             ⇒ 0.75

14,246 is invested, part at 13% and the rest at 12%. If the interest earned from the amount invested at 13% exceeds the interest earned from the amount invested at 12% by $318.23, how much is invested at each rate? (Round to two decimal places if necessary

Answers

The amount of money invested at 13% was $8111, while $6135 was invested at 12%.

What is an equation?

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

Let x represent the amount invested at 13% and y represent the amount invested at 12%, hence:

x +  y = 14246   (1)

Also:

0.13x = 0.12y + 318.23  (2)

Hence:

x = 8111, y = 6135

The amount of money invested at 13% was $8111, while $6135 was invested at 12%.

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Can anyone help me solve this question?

Answers

Answer: 110

Step-by-step explanation:

<ABC = <DEF

180 - <DEF = 180 - 70

<BED = 110

Drag each tile to the correct box. The water level of a tank every minute since it began filling is indicated by segments A, B, and C on the graph below. A graph represents the water level to fill the tank on Y-axis per time on X-axis. Segments A, B, and C fill the tank from 10 to 60, 60 to 80, and 80 to 110 centimeters in the first 2, next 4, and last 3 minutes. Place the segments in the correct order from the least to the greatest rate of increase in the water level. B A C

Answers

The least to greatest slope, the segments are B, C, and A.

We have given that,

The water level of a tank every minute since it began filling is indicated by segments A, B, and C on the graph below.

A graph represents the water level to fill the tank on Y-axis per time on X-axis.

The rate of increase of water level is indicated by the slope of the segment. The slope is the ratio of rise to run, and is related to the angle the segment makes with the +x axis.

Segments that have more rise for the same run have greater slope. Segments that make a larger reference angle with the +x axis have a larger slope.

Here, segment B has the least slope, followed by C, then A, which has the largest slope.

In order, the least to greatest slope, the segments are B, C, and A.

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Answer: bca

Step-by-step explanation:

B C A

assuming that the series will continue in the same pattern the next number in the series 3,5,11,29... is

Answers

Notice that

5 - 3 = 2

11 - 5 = 6

29 - 11 = 18

and these differences form a geometric sequence,

{2, 6, 18, ...} = {2×3⁰, 2×3, 2×3², ...}

so a reasonable guess for the next number in the sequence might be 2×3³ = 54.

The sequence might be 2×3^3^3 = 54.

We notice that 5 - 3 = 2

11 - 5 = 6

29 - 11 = 18

and these differences form a geometric sequence,

What is the geometric sequence?

A geometric sequence is a special type of sequence where the ratio of every two successive terms is a constant.

{2, 6, 18, ...} = {2×3^0, 2×3^1, 2×3^3, ...}

So the next number in the sequence might be 2×3^3 = 54.

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Help please
This diagram shows the measurements of a yard.
What is the area of the yard?
Enter your answer in the box.

Answers

Answer:

Step-by-step explanation:

we can break up the figure into 2 rectangles by extending the 8m side downward until it meets the bottom (see image)

Area of this rectangle = 10 * 2 =20 sq meters

Area of the other rectangle = 8 *2 = 16 sq meters

Total area = 36 sq meters

Need help regarding radioactive decay type of question

Answers

By applying the radioactive simple decay model, we find that the initial quantity of the radioactive isotope is equal to approximately 5.63 grams.

How to determine the initial mass of a radioactive isotope

Mass of radioactive isotopes (m (t)), in grams, decay exponentially in time according to the following model:

[tex]m(t) = m_{o}\cdot e^{-t/\tau}[/tex]     (1)

Where:

[tex]m_{o}[/tex] - Initial mass, in gramst - Time, in yearsτ - Time constant, in years

The time constant can be found in terms of half-life:

τ = t'/㏑ 2

If we know that t' = 24100 yr, t = 1000 yr and m(t) = 5.4 g, then the initial mass of the radioactive isotope is:

τ = 24100 yr/㏑ 2

τ ≈ 34768.95 yr

[tex]5.4 = m_{o}\cdot e^{-1000/24100}[/tex]

[tex]m_{o} = 5.629\,g[/tex]

By applying the radioactive simple decay model, we find that the initial quantity of the radioactive isotope is equal to approximately 5.63 grams.

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Find the perimeter of the rectangle.

Answers

Answer:

10x² + 8x + 22

Step-by-step explanation:

The perimeter of a rectangle is the measurements of all four side lengths added together

(you can simply multiply both side lengths by 2, because they are the same on both sides--but I'll write them all out for clarity)

side A (top): 5x² + 3x + 7

side B (right): x + 4

side C (bottom): 5x² + 3x + 7

side D (left): x + 4

perimeter = side A + side B + side C + side D

5x² + 3x + 7 + x + 4 + 5x² + 3x + 7 + x + 4

now, as you might have noticed, this is a long equation

so, we must combine like terms:

(this is the problem reordered so like terms are next to each other:)

(5x² + 5x²) + (3x + x + 3x + x) + (7 + 4 + 7 + 4)

10x² + 8x + 22

So, the perimeter of this rectangle is 10x² + 8x + 22

hope this helps! have a lovely day :)

5. It is reported that 20% of Canadian are on CERB (Canada Emergency Response Benefit). In order to further investigate this topic, a researcher selects a random sample of 10 Canadian across the country. Assuming that this is a proper Binomial experiment, what is the probability that at least 3 Canadian are on CERB in the sample? [3 Marks]. 5. It is reported that 20 % of Canadian are on CERB ( Canada Emergency Response Benefit ) . In order to further investigate this topic , a researcher selects a random sample of 10 Canadian across the country . Assuming that this is a proper Binomial experiment , what is the probability that at least 3 Canadian are on CERB in the sample ? [ 3 Marks ] .​

Answers

Using the binomial distribution, it is found that there is a 0.3222 = 32.22% probability that at least 3 Canadian are on CERB in the sample.

What is the binomial distribution formula?

The formula is:

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

The parameters are:

x is the number of successes.n is the number of trials.p is the probability of a success on a single trial.

The values of the parameters are:

n = 10, p = 0.2.

The probability that at least 3 Canadian are on CERB in the sample is:

[tex]P(X \geq 3) = 1 - P(X < 3)[/tex]

In which:

P(X < 3) = P(X = 0) + P(X = 1) + P(X = 2).

Then:

[tex]P(X = x) = C_{n,x}.p^{x}.(1-p)^{n-x}[/tex]

[tex]P(X = 0) = C_{10,0}.(0.2)^{0}.(0.8)^{10} = 0.1074[/tex]

[tex]P(X = 1) = C_{10,1}.(0.2)^{1}.(0.8)^{9} = 0.2684[/tex]

[tex]P(X = 2) = C_{10,2}.(0.2)^{2}.(0.8)^{8} = 0.3020[/tex]

Then:

P(X < 3) = P(X = 0) + P(X = 1) + P(X = 2) = 0.1074 + 0.2684 + 0.3020 = 0.6778.

[tex]P(X \geq 3) = 1 - P(X < 3) = 1 - 0.6778 = 0.3222[/tex]

0.3222 = 32.22% probability that at least 3 Canadian are on CERB in the sample.

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What is the explicit formula for this sequence? -7, -3, 1, 5, ...

Answers

Hello,

What is the explicit formula for this sequence? -7, -3, 1, 5, ... ?

Aₙ₊₁ = Aₙ + 4 and A₀ = -7

⇒ Aₙ = A₀ + nr = -7 + 4n

Question
You want to find the area of the front of a house, whose shape is a triangle on top of a rectangle with
a width of 8. The triangle's height is 7 and the rectangle's height is 10. What is the total area of the
front of the house? Do not include units in your answer.

Answers

Answer:

108

Step-by-step explanation:

if the width of the rectangle is 8, and the triangle is on the width of the rectangle, then the base of the rectangle is 8. the height is 7, so we use the formula area = height * base / 2 to find that the area of the triangular portion is 28. then, we find the area of the rectangle by doing 10 * 8(height * width) for a value of 80. the total area of the front of the house is 28 + 80: 108.

5m-8=2m+2

what does m equal

Answers

Answer:

m = 10/3

(as a decimal: m = 3.333...)

Step-by-step explanation:

5m - 8 = 2m + 2

 5m - 8 = 2m + 2

- 2m       - 2m              (make all "m" on one side to isolate variable)

 3m - 8 = 2    

      + 8 + 8              (get m entirely on 1 side)

3m = 10

÷3      ÷3                         (divide by 3 to get 1m)

m = 10/3

(as a decimal: m = 3.333...)

hope this helps!! have a lovely day :)

The transportation department has to put a railing along the outer curve of this road. The road is 20 feet wide. What is the length of the outer curve to the nearest foot? Use the value

Answers

Using the arc length formula, the length of the outer curve is approximately 85 feet.

How to Find the Length of an Arc?

Arc length = ∅/360 × 2πr.

Apply the arc length formula to find the length of the outer curve, given the following:

∅ = 70°π = 3.14r = 50 + 20 = 70 feet

Plug in the values

Arc length = 70/360 × 2(3.14)(70)

Arc length = 70/360 × 2(3.14)(70) ≈ 85 feet.

The length of the outer curve is approximately 85 feet.

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how can -6 divide by 4 x=12 be solved in one step

Answers

Here are the solving steps for the problem.

   Given:

[tex]\displaystyle \frac{-6}{4x}=12[/tex]

    [1] Multiply both sides of the equation by 4x:

[tex]\displaystyle 4x(\frac{-6}{4x})=(12)4x[/tex]

-6 = 48x

    [2] Divide both sides of the equation by 48:

[tex]\displaystyle \frac{-6}{48} = \frac{48x}{48}[/tex]

[tex]\displaystyle x=-\frac{1}{8}[/tex]

I am not sure how to solve the equation in one step, so here is it in two steps. My apologies.

Answer:

[tex] - \frac{1}{8} [/tex]

Step-by-step explanation:

The Algebraic Equation -6 divide by 4x = 12 can be stated mathematically as :

[tex] \frac{ - 6}{4x} = 12 \\ \\ cross \: multiplying \\ \\ 4x \: \times 12 = - 6 \\ \\ 48x = - 6 \\ dividing \: bothsides \: by \: 48 \\ \frac{48x}{48} = \frac{ - 6}{48} \\ \\ x = - \frac{1}{8} [/tex]

Find the
quotient for 12 2/5 / 1/4

Answers

[tex]12 \frac{2}{5}=\frac{62}{5}\\\\\frac{62/5}{1/4}=4\left(\frac{62}{5} \right)=\frac{248}{5}=\boxed{49 \frac{3}{5}}[/tex]

Other Questions
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