You plan to retire in 35 years, and would like to have 1,000,000$ in investments. How much money would you have to invest today at a 7% annual interest rate compounded daily to reach your goal in 35 years. Assume all years have 365 days round your answer to the nearest cent

Answers

Answer 1

Given:

You plan to retire in 35 years and would like to have 1,000,000$ in investments.

So, the time = 35 years

And A = 1,000,000

compounded daily, n = 365

Rate of the interest = r = 7% = 0.07

We will find the initial investment = P

We will use the following formula:

[tex]A=P\cdot(1+\frac{r}{n})^{nt}[/tex]

Substitute with the values of A, r, n, and t

[tex]\begin{gathered} 1000000=P\cdot(1+\frac{0.07}{365})^{365\cdot35} \\ \end{gathered}[/tex]

Solve the equation to find P

[tex]\begin{gathered} 1000000=P\cdot11.5856 \\ \\ P=\frac{1000000}{11.5856}=86,313.86 \end{gathered}[/tex]

So, the answer will be $86,313.86


Related Questions

i need help ASAP show your work

Answers

Answer:

a=5

Step-by-step explanation:

1/3(6a-15)=(a-2)+2

1/3(6a-15)=a

6a-15=3a

3a=15

a=5

:]

Step-by-step explanation:

1.multiply in first bracket

[tex]2a - 5 = a + 0[/tex]

2.Take unknowns to left and constants to the right

[tex]2a - a = 5[/tex]

3.solve for a

[tex]a = 5[/tex]

In a right triangle ABC, < B = 90°. If AC=13cm, BC= 5cm, find AB ​

Answers

Answer:

AB = 12cm

Step-by-step explanation:

ABC is the right triangle, that means we can use theorem: AC²=AB²+BC²

AB²=AC²-BC²=13²-5²=169-25= 144

AB=√144

AB=12cm

Shaquira is baking cookies to put in packages for a fundraiser. Shaquira has made 868686 chocolate chip cookies and 424242 sugar cookies.
Shaquira wants to create identical packages of cookies to sell, and she must use all of the cookies.
What is the greatest number of identical packages that Shaquira can make?

Camryn practiced both the trumpet and the flute today.
How many days until Camryn practices the trumpet and flute again in the same day

Answers

The greatest number of identical packages that Shaquira can make is 2.

Given data:

Shaquira has made 86 chocolate chip cookies and 42 sugar cookies.

Shaquira wants to create identical packages of cookies to sell, and she must use all of the cookies.

To find:

The greatest number of identical packages that Shaquira can make

In order to find the greatest number of packages, we find the HCF of 86 and 42.

Write down this part from the attached image.

Here, 86 = 1 × 2 × 43, 42 = 1 × 2 × 21

Thus HCF = 1 × 2 = 2

So, Shaquira can make 2 identical packages the most.

Each package will have

(86 ÷ 2) = 43 chocolate chips and

(42 ÷ 2) = 21 sugar cookies.

For questions like these you would need to find out the Least Common Multiple, or L.C.M

If Camryn plays the trumpet and the flute today, and they both are in intervals of 11 and 3 days, you would need to find the LCM for 11 and 3.

LCM:

11 = 11, 1

3 = 3, 1

As they both have no common factors, and are prime numbers, multiply 11 x 3 = 33.

So, the least amount of days required for the trumpet and the flute to be played together is 33 days. And the interval between practising them both on the same day is 33 days.

Hence, the number of days until Camryn practices the trumpet and the flute on the same day is 33 days.

To learn more about factors visit:https://brainly.com/question/24182713

#SPJ9

1. The reduced fraction or mixed number for 375%

Answers

Answer:

the answer is shown below for the reduced fractional mixed number for 385 percentage

Step-by-step explanation:

Steps to Convert 375% to Fraction

Place the Percentage Value at the top over 100. The exact form of the fraction is 154. In the decimal form, the fraction can be written as 3.75. In the Mixed Number form, the fraction can be written as 3 .34.

ANSWER QUICK I WILL GIVE BRAINLIEST
Solve k over negative 1.8 is less than negative 4.9 for k.

k < −8.82
k > 8.82
k < −6.7
k > −6.7

Answers

The solution of the inequality is k > 8.82

How to solve inequality?

The expression is in words so we have to convert it to an inequality to be able to solve for k.

An inequality is an expression that has the following symbols: <, >, ≤ and ≥.

Therefore, the inequality can be solved as follows:

k / - 1.8 < - 4.9

Therefore, let's solve for the variable k.

k / - 1.8 < - 4.9

multiply both sides of the inequality by - 1.8

Hence,

k / - 1.8 (-1.8) < - 4.9 (-1.8)

k / 1 > 8.82

Note the sign had to change after we multiply both side of the inequality with a negative number.

Therefore,

k > 8.82

learn more on inequality here: https://brainly.com/question/12690999

#SPJ1

WILL GIVE BRAINLEIST
Which steps show how to use distributive property to evaluate 5 x 38

Answers

Answer:

The answer is most definitely A. It is the only answer that reaches the correct value of 190, which is what 5 * 38 equals. However, to put it into perspective...

Step-by-step explanation:

When we use the distributive property we are breaking down something sometimes, and in this case, very simple into a more extended form.

5 * 38 is the same as saying 5(40 - 2). We also know that if we subtract the sum of 5 * 2 from 5 * 40, it will end up the same as 5 * 38 because you are multiplying 5 two times less.

5 * 40 = 200

5 * 2 = 10

200 - 10 = 190

The answer is A

;)

Gas mileage is the number of miles you can drive on a a gallon of gasoline. A test of a new car results in 525 miles on 25 gallons of gas. How far could you drive on 40 gallons of gas? What is the car's gas mileage?

Answers

40 gallons

[tex]\frac{525}{25} \times 40=840[/tex] miles

Gas Mileage

[tex]\frac{525}{25}=21[/tex] miles per gallon

(last question) but does anyone know the answer (s)??!?! ​

Answers

Answer:

MN = 3

Step-by-step explanation:

MN = 3

Similar triangles :)

1,1.8,3

2,3.6,6

Triangle AMN is half the size of triangle ABC :)

hope this helps

:]

3) Each volume of an encyclopedia has two covers, each 1/4-inch thick, and 300 pages of text that are 2-inthick. The books are arranged in order on a shelf. How far does a bookworm travel who burrows his way from the first page of Volume I to the last page of Volume III?

Answers

Answer:

7 inches

Step-by-step explanation:

Volume 1 - 300 pages 2 inches

back cover 1/4 inch

Volume 2 - front cover 1/4 inch

300 pages 2 inches

back cover 1/4 inch

Volume 3 - front cover 1/4 inch

300 pages 2 inches

Translate the sentence into an equation or formula.
25 less than the cube of x is equal to four times the sum of y and five

Answers

Answer:

x + y y added to 7. 7+ y. The sum of a and b a + b m more than n n + m ... y. 5 or y ÷ 5. The ratio of u to v u v or u ÷ v u separated into 4 equal parts.

Step-by-step explanation im just guessing so if its incorrect sorry:(

5 1/2 ÷3 3/8
hey umi, need it
because i have school in 26 well Thursday and it is a assignment and it is due today

Answers

Answer:

1 - 1.5

2 - 3.9375

3 - 3

4 - 1.62962963

5 - 2.83333

6 - 4.05555556

7 - 8

8 - 1.555555556

9 - 6.4

10 - 6

11 - 1.5

12 - 18

Which statement represents the simplified form of the given equation and correctly describes the solution? A. 6 ≠ 3; no real solution B. x = 6; exactly one real solution C. 6 = 6; infinite real solutions D. x = 1; exactly one real solution

Answers

Answer:infinite solution

Step-by-step explanation:

Find the slope and reduce,
P=(-5, 2) Q=(-3, 6)
Slope = [?]

Answers

Answer:

Slope m = 2

Step-by-step explanation:

Simplify this expression: 7 + 9x2-5= A. 27 B. 20 C.-48 D. 19 HELP ASAP​

Answers

Answer:

the answer to the problem is A 27

Step-by-step explanation:

Cuanto es 3/8+-3/4
………..

Answers

You have to make the bottoms the same
Do it like 3/4 x 2 on both sides Bc that is igual to 8
And plus y minus is minus
So i do 3/8 - 6/8
And that iguals -3/8
That’s the answer
- 3/8!!!

PLSSS HELP IF YOU TURLY KNOW THISS

Answers

5b+10+2b-4 =7b+6

How to do it:
Start by finding like terms (terms with the same variable)

5b and 2b are like terms because they have the same variable (b)

10 and -4 are like terms because they both have no variable

Combine like terms
5b+2b=7b

10-4 =6

So the answer is 7b+6! Hope this helps my friend. :)

Answer:

7b + 6

Step-by-step explanation:

Given expression,

→ 5b + 10 + 2b - 4

Let's solve the expression,

→ 5b + 10 + 2b - 4

→ (5b + 2b) + (10 - 4)

→ 7b + 6

Hence, answer is 7b + 6.

PLS HELP ASAP!!!!
identify the type of transformation

Answers

Answer:

Reflection

Step-by-step explanation:

A line, called the line of reflection, will allow an image to reflect through it. Every point in a figure is said to mirror the other figure when they are all equally spaced apart from one another. The reflected picture should have the same size and form as the original, but it faces the opposite way. The opposing signs are created from the coordinates. Changes in posture during contemplation may also result in translation. Pre-image and image are terms used to refer to the same thing in this context.

HELPPPPPP!!!!! PLEASEEEEE FAST!!!!!!!
Given the function f(x)=2.5xsquared+3, find the average rate of change over the interval 0 ≤ x ≤ 4. What does the average rate of change tell you about the function?

Answers

The average rate of change over the interval is 10 and it tells us about the slope

How to determine the average rate of change

The definition of the function is given as

f(x) = 2.5xsquared + 3

Rewrite the function properly

So, we have the following equation

f(x) = 2.5x² + 3

The interval to calculate the average rate of change is given a

0 ≤ x ≤ 4

This can be represented as

[0, 4]

Further, rewrite as

[a, b] = [0, 4]

Where a = 0 and b = 4

Calculate f(a) and f(b)

So, we have

f(0) = 2.5(0)² + 3 = 3

f(4) = 2.5(4)² + 3 = 43

The average rate of change is then calculated as

Average rate = [f(b) - f(a)]/[b - a]

Substitute the known values in the above equation

So, we have

Average rate = [43 - 3]/[4 - 0]

Evaluate

Average rate = 10

What the average rate tells us

The average rate is the slope of the function

This means that it represents the amount of change in the function with respect to the change in the input variables

Read more about average rate of change at

https://brainly.com/question/16349477

#SPJ1

Charlie Brown and Linus are so excited for Halloween that they have planned trips to three different parks. They are willing to pay no more than $40 to go to all of them. Jones’ Corn Maze has an entry fee that is $4 less than double the amount of Tomilloso’s Pumpkin Patch entrance fee. King’s Haunted House has an entry fee that is $2 more than Tomilloso’s Pumpkin Patch. What is the maximum price Charlie and Linus are willing to pay to enter each park?

Answers

The maximum price Charlie and Linus are wiling to pay to enter each park is 10.5 dollars.

How to use inequality to represent a situation?

Charlie Brown and Linus are so excited for Halloween that they have planned trips to three different parks.

They are willing to pay no more than $40 to go to all of them.

Jones’ Corn Maze has an entry fee that is $4 less than double the amount of Tomilloso’s Pumpkin Patch entrance fee.

King’s Haunted House has an entry fee that is $2 more than Tomilloso’s Pumpkin Patch.

let

x = amount of Tomilloso’s Pumpkin Patch entrance fee

Therefore,  the inequality that represent the situation is as follows;

Jones’ Corn Maze an entry fee = 2x - 4

King’s Haunted House entry fee = 2 + x

Therefore,

2x - 4 + 2 + x + x ≤ 40

4x - 2 ≤ 40

add 2 to both sides of the inequality

4x - 2 + 2 ≤ 40 + 2

4x ≤ 42

divide both sides of the inequality by 4

4x  / 4 ≤ 42 / 4

x ≤ 10.5

Therefore, the maximum price they can pay is 10.5 dollars

learn more on inequality here: https://brainly.com/question/10658060

#SPJ1

2 is subtracted from twice a number.
​early beginner in geometry

Answers

Answer:

2x-2 (x is your number)

Step-by-step explanation:

Not sure if this is what you mean lol

:]

Willie bought one package of basil for $3.
How many packages of basil can Julia buy
if she has $6?

Answers

2 packages of basil

Write an equation involving absolute value for the graph if the points are located at -3.75 and 3.75.

Answers

The absolute value equation with the solutions -3.75 and 3.75 is:

|x| = 3.75

How to write the absolute value equation?

The general absolute value equation can be written as:

|x+ a| = b

And this can be rewritten into two equations, which are:

x + a = b

x + a = -b

In this case, we want to get an absolute value function such that the two solutions are -3.75 and 3.75, this is ratter trivial to do, we can write the next absolute value function:

|x| = 3.75

If we decompose this, we will get the two equations:

x = 3.75

x = -3.75

Which are the two solutions we wanted.

Learn more about absolute value equations:

https://brainly.com/question/3381225

#SPJ1

Given h(x) = − 4x − 4, solve for x when h(x) = −8.

Answers

h(-8)= -4(-8)-4
h(-8)= 32-4
h(-8)=28

Fill in the blanks with the correct angle measure.



For example:

Measure of angle 1 = 110 degrees. You only need to type 110.

Answers

Answer:

1:110

2:70

3:110

4:70

5:110

6:70

7:110

8;70



Step-by-step explanation:

lol i think its pretty simple

please answer !!!!!!!!!!!!!!

Answers

ST = 63
TU = 63
SU = 126

If T is a midpoint, then it marks the halfway point on the line segment. Therefore, two new line segments are created, and they have equal lengths. Set up an equation where the values are equal to each other and solve for x. Then solve for each length.

See details:

Answer:

ST = 63

TU = 63

SU = 126

Step-by-step explanation:

Given that T is the midpoint...

Thus TS = ST and SU = 2ST =2TU

from equation...

9n = 5n + 28

9n - 5n = 28

4n = 28

n = 7

Put the value of n in the equation...

ST = 9n

= 9 x 7

= 63

SU = 9n + 5n + 28

= (9 x 7) + (5 x 7) + 28 = 126

Hope this helps!

santi and vlado drove together from new york to new orleans. both drove the same amount of time, but santi drove 75% as quickly as vlado. if the drive took a total of 24 hours and new orleans is 1,304 miles from new york, approximately how many miles did santi drive?

Answers

If both Santi and Vlado drove for the same amount of time with Santi driving at 75% of Vlado's average speed, and they covered 1304 miles in 24 hours, then Santi had driven for approximately 559 miles.

As per the question statement, Santi and Vlado drove together from New York to New Orleans. Both of them drove for  the same amount of time with Santi driving 75% as quickly as Vlado, and it took them 24 hours to complete the 1304 miles journey.

We are required to calculate the approximate number of miles, that Santi drove during their trip.

Since given that, Both of them drove for  the same amount of time and it took them 24 hours to complete the 1304 miles journey, therefore, both Santi and Vlado drove for (24/2) = 12 hours each.

Now, let us consider that Vlado drove at an average speed of "v" miles/hour.

Then, Santi would have driven at a average speed of [(75/100)v] m/h

                                                                                      = (0.75v) m/h

                                                                                      = 0.75V miles/hour

[Since Santi drove 75% as quickly as Vlado]

Now as we know that, [(speed * time) = distance], applying the same formula to the velocities and driving times of Santi and Vlado, we get,

[{(12 * v) + (12 * 0.75v)} = 1304]

Or, [(12v + 9v) = 1304]

Or,(21v = 1304)

Or, v = [(1304/21)]

Or, (v = 62.095 miles/hour)

Or, (v ≈ 62.1 miles/hour)

That is, Vlado drove at an average speed of 62.1 miles per hour,

And, Santi drove at an average speed of (62.1 * 0.75) miles per hour

                                                                 = (46.575) miles per hour.

Therefore, Santi drove a total of (46.575 * 12) = 558.9 miles ≈ 559 miles,

as he drove at an average speed of 46.575 miles per hour, for 12 hours.

Average Speed: In Mathematics as well as physics, the average speed of any travelling object is the total distance traveled by the object in a particular time interval. It is a scalar quantity, represented by the magnitude and does not have direction.

To learn more about Average Speeds, click on the link below.

https://brainly.com/question/14483147

#SPJ4

Which of the following is equivalent to 2.68?

2.68%
two and seventeen twenty fifths
twenty five seventeenths
26.8%

Answers

The expression that is equivalent to the number 2.68 is (b) two and seventeen twenty fifths

How to determine the equivalent number/expression?

From the question, we have the following parameters that can be used in our computation:

Number = 2.68

Expand the number using the addition operator

So, we have the following representation

Number = 2 + 0.68

Express 0.68 as a fraction

This gives

Number = 2 + 68/100

Simplify the fraction

So, we have the following representation

Number = 2 + 17/25

This implies that

Number = two and seventeen twenty fifths

Hence, the equivalent of 2.68 is (b) two and seventeen twenty fifths

Read more about equivalent expression at

https://brainly.com/question/2972832

#SPJ1

How many permutations can be formed from all of the letters of the word houston?.

Answers

The word "Houston" can have a maximum of 2520 permutations using all it's letters.

As per the question statement, we are provided with a word: HOUSTON.

And we are required to calculate the total number of permutations that can be formed using all the letters of it.

To solve this question, first we will need to determine the number of letters in our concerned word, which in this case is 7, and then number of repeated letters, which is 2, since the letter "O" is repeated once.

Therefore, the total number of permutations that can be formed using all the letters of the word HOUSTON = [(7!)/(2!)]

                                                         = (7 * 6 * 5 * 4 * 3)

                                                         = 2520

Permutation: In Mathematics, a permutation is a technique to determines the number of possible arrangements of the elements in a set, in a definite order.

To learn more about Permutations, click on the link below.

https://brainly.com/question/9411802

#SPJ4

Solve the system of linear equations using the substitution method.

2y + x = -15 and x = 3y

A. (-6, -3)

B. (-7, -6)

C. (-8, -6)

D. (-9, -3)

Answers

Answer:

the answer is D. (-9, -3)

[tex]{ \green{ \tt{option \: (d)}}}[/tex]

Step-by-step explanation:

Given,

[tex]{ \tt{2y + x = - 15}} \: { \to} \: { \tt {eq}^{n} (1)}[/tex]

[tex]{ \tt{x = 3y}} \: { \to} \: { \tt{ {eq}^{n} (2)}}[/tex]

Substitute the value of eqⁿ (2) in (1) then,

[tex]{ \tt{2y}} \: + \: { \red{ \tt{3y}}} \: = - 15 [/tex]

[tex]{ \tt{5y = - 15}}[/tex]

Divide both sides by 5 then,

[tex]{ \tt{ \frac{5}{5}y = - \frac{15}{5}}} [/tex]

[tex]{ \red{ \boxed{ \tt{y = - 3}}}}[/tex]

Substitute the value of y in eqⁿ (2)

[tex]{ \tt{x = 3y}}[/tex]

[tex]{ \tt{x = 3( - 3)}}[/tex]

[tex]{ \red{ \boxed{ \tt{x = - 9}}}}[/tex]

Therefore, the value of (x,y) is (-9,-3)

Hence, option (d) is correct.

a=3p+1
Solve for p
please help me solve this

Answers

Answer:

Step-by-step explanation:

p=  a/3  -  1/3

Other Questions
Please help?? 50 points to answer What is classical republicanism? To what extent do you see its values reflected in American society today? Combinatorics is a branch of math focused on arrangements of objects. Jorge is an event organizer who must seat 102 guests. He has circular tables that seat 10 people each and square tables that seat 4 people each. He wants to use as many circular tables as possible but have no empty seats. Explain how he could arrange the tables he will need.Explain how Jorge could arrange the tables he will need 5. What does it mean to be a "hero"?How do you think the authors would answer this question?What do you think? This is the exercise I have to do to practice for my GED Im a six year old woman Im trying to figure this out I know I have inserted in the formula and it says just like example 3 I will insert example 3 in the text hereA survey indicates that for each trip to a supermarket, a shopper spends an average of 43 minutes with a standard deviation of 12 minutes in the store. The lengths of time spent in the store are normally distributed and are represented by the variable X. A shopper enters the store. Find the probability that the shopper will be in the store for each interval of time listed below. a) Find the probability that the shopper will be in the store between 33 and 66 minutes.b)) Find the probability that the shopper will be in the store for more than 39 minutes. Hint: Convert the normal distribution X to Standard normal using Z formula Z=(X-)/ and then look the Z-values from the table and then find the probability.Hint: Convert the normal distribution X to Standard normal using Z formula Z=(X-)/ and then look the Z-values from the table and then find the probability.Please help me answer properly so I can start the exercise so I can be fish prayers for the GED practice course e. under what circumstances might an audit team have a duty to disclose managements frauds to parties other than the companys management and its board of directors? Explain why planets orbit the sun instead of traveling off into space a current density of 4.50 10-13 a/m2 exists in the atmosphere at a location where the electric field is 133 v/m. calculate the electrical conductivity of the earth's atmosphere in this region. How do we know what happened to Ibn Battuta on his journey? Is -36/6 a integer number history of Standard American English Write a python program to check whether the number is divisible by 7. If its divisible, print its divisible otherwise find previous number and the next number which is divisible by 7 We know that intelligence and creativity can cover a wide spectrum and is not limited to traditional views of intellect. Begin this assignment by writing a one page reflection on the following: What does intelligence and creativity mean to me? There are no right or wrong answers, this is a starting point for your research as you tap into your own prior experiences and knowledge. Develop a list of outside reading pertaining to this topic. You can add these to your ongoing reading list. You should have a minimum of 6 articles and/or books. Using the research, write a 2 page paper of how you see creativity and intelligence playing a role in the early childhood curriculum.Go back to your original one page reflection as you started this paper. Write up to one page on how your views have shifted, if at all, as a result of your research. Finally, create two lessons that you might use in the classroom, based upon the philosophy and research that you have discovered. Mrs. Cain's Fitbit said that her 1,287 steps equaled 0.55 mile. If she makes her goal of 8,500 steps, how many miles will she walk? (Round to the nearest hundredth.) samira, an hr manager, is designing a training for those working on the new cross-functional teams within her company. this class is aimed at improving group decision making and interpersonal relations skills. what method of delivery should samira choose? how do I put 5/7-i in standard form? if may 20 is a last quarter moon, when could you expect the first quarter moon to occur? hydrogen is what gumdrop color The area of a bulletin board is 55 square feet. The length isfour feet more than three times the width. Find the lengthand width of the bulletin board. Find the solution.7 x = 8412139177 please help me work through this if you can, thank you!