A person charges $100 to a credit card with a 24% nominal annual interest rate.
Assuming no other charges or payments are made, what is the balance on the card, in dollars, after 1 year if interest is calculated:

1. Annually: $

2. Every 6 months: $

3. Every 3 months: $

Answers

Answer 1

The balance (future value) on the card after 1 year if interest is calculated:

1. Annually: $124.00

2. Every 6 months: $125.44

3. Every 3 months: $126.25.

What is the future value?

The future value represents the present value compounded at an interest rate into the future, using the principle of the time value of money.

The future value can be computed using an online finance calculator.

1. Interest Calculation Annually:

N (# of periods) = 1 year

I/Y (Interest per year) = 24%

PV (Present Value) = $100

PMT (Periodic Payment) = $0

Results:

FV (Account Balance) = $124.00

Total Interest = $24.00

2. Interest Calculation Every 6 months:

N (# of periods) = 2 semi periods (1 year x 2)

I/Y (Interest per year) = 24%

PV (Present Value) = $100

PMT (Periodic Payment) = $0

Results:

FV (Account Balance) = $125.44

Total Interest = $25.44

3. Interest Calculation Every 3 months:

N (# of periods) = 4 quarters (1 year x 4)

I/Y (Interest per year) = 24%

PV (Present Value) = $100

PMT (Periodic Payment) = $0

Results:

FV (Account Balance) = $126.25

Total Interest = $26.25

Learn more about future values at https://brainly.com/question/24703884

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Related Questions

De acuerdo a la siguiente imagen, selecciona la opción que muestre la operación que permite llegar al número encerrado en color rojo.



Answers

Answer:

2?

Step-by-step explanation:

I think im wrong/ creo que estoy mal?!

Multiply the following using the vertical multiplication method:
x² + 5x+1
x3x2 - 2x + 4

Answers

It’s x3x2-2x+4 for sure

Given the equation of a line: y = 3x - 7. Select the equation of the line PERPENDICULAR to this line

Options:
y = (1/3)x + 1/7
y = -3x + 7
y = (-1/3)x - 7
y = 3x + 2

Answers

Answer:

The third option, y=(-1/3)x-7

Step-by-step explanation:

To find a line perpendicular to an equation, you find the negative reciprocal of the slope. For instance, if you have an equation y=4x+5, the negative reciprocal is y=(-1/4)x+5. That is the equation to find a line perpendicular to this.

If you want to find a line parallel to the equation y=4x+5, all you have to do is come up with another equation that has the same slope. So, y=4x+8 would be a line parallel to the equation y=4x+5.

A circular garden is being designed so that it has a diameter of 15 feet. Fencing needs to be
put up around the garden at a cost of $2.75 per foot of fencing. Fencing can only be bought
in whole feet lengths.
(a) How many feet of fencing should be bought? (b) How much will the fencing cost?

Answers

Answer:

15 feet and the cost is $41.25

Step-by-step explanation:

I need help grades due tomorrow in a little

Answers

Answer:

3) Each cookie costs $2.75

Step-by-step explanation:

That statement is true based on the graph.

Each cookie cost $2.75
Because you can divide them all by $2.75 which gives you how many cookies so $2.75 is the correct answer

The top missing part of the screenshot says : Every year, a dog sled race is held in Alaska and is approximately 1,150 miles in distance. Information about the top three racers is listed below.

Answers

Answer:

-The equation that represents the approximate distance Aaron's dog sled team travels over time is Y = 5.32X.

-The equation that represents the approximate distance Dallas' dog sled team travels over time is Y = 5.48X.

-The equation that represents the approximate distance Mitch's dog sled team travels over time is Y = 5.42X.

Step-by-step explanation:

Given that every year, a dog sled race is held in Alaska and is approximately 1,150 miles in distance, based on the listed information, the speed rate of every racer is:

Aaron = 575 miles in 4 days and 12 hours = 575 miles in 108 hours = 5.32 mph

Dallas = 1,150 miles in 8 days and 18 hours = 1,150 miles in 210 hours = 5.476 mph

Mitch = 287.5 miles in 2 days and 5 hours = 287.5 miles in 53 hours = 5.42 mph

Therefore, the correct answers are:

-The equation that represents the approximate distance Aaron's dog sled team travels over time is Y = 5.32X.

-The equation that represents the approximate distance Dallas' dog sled team travels over time is Y = 5.48X.

-The equation that represents the approximate distance Mitch's dog sled team travels over time is Y = 5.42X.

I need help asap
I will need help finding a and b

Answers

Answer:

(a) [tex]s = 2.56[/tex]

(b) [tex]s = 1.71[/tex]

Step-by-step explanation:

Given

Tables (a) and (b)

Required

Determine the standard deviation

For (a):

[tex]\bar x = 11.5[/tex] --- mean

The standard deviation is calculated as:

[tex]s = \sqrt{\sum np(1-p)}[/tex]

This gives:

[tex]s = \sqrt{5*0.1*(1-0.1) +10 * 0.5 * (1 - 0.5) + 15 *0.4*(1-0.4) }[/tex]

[tex]s = \sqrt{5*0.1*0.9 +10 * 0.5 * 0.5 + 15 *0.4*0.6 }[/tex]

[tex]s = \sqrt{6.55}[/tex]

[tex]s = 2.56[/tex]

For (b):

[tex]\bar x = 4.4[/tex] --- mean

The standard deviation is calculated as:

[tex]s = \sqrt{\sum np(1-p)}[/tex]

This gives:

[tex]s = \sqrt{1*0.2*(1-0.2) +3 * 0.3 * (1 - 0.3) + 5 *0.1*(1-0.1) + 7*0.4*(1-0.4)}[/tex]

[tex]s = \sqrt{1*0.2*0.8 +3 * 0.3 * 0.7 + 5 *0.1*0.9 + 7*0.4*0.6}[/tex]

[tex]s = \sqrt{2.92}[/tex]

[tex]s = 1.71[/tex]

What is the distance, in units, between A(-4,-4)and (0,-2)

Answers

Answer:

2√5 ≅ 4.47

Step-by-step explanation:

READ AND ANALYZE THE PROBLEM. ANSWER
EACH QUESTION
Below.
AT IMER'S GROCERY STORE. PRIDE POWDER
SOAP A
6 PIECES SACHET SELL PHP 28.50
How much tHE COST of EACH SACHET?
1. WHAT IS ASKED? _______
2. WHAT ARE GIVEN FACTS?_____
3.WHAT OPERATION TO BE USED?_____
4. WHAT IS THE NUMBER OF SENTENCE? _______
5. SOLVE, LOOK BACK AND LABEL Your
CORRECT ANSWER. . _____​

Answers

Answer:

4.75 if you don't have to convert it to US dollars.

Step-by-step explanation:

1. The question is asking how much is the cost of each sachet.

2. One given fact is that 6 pieces of a sachet cost 28.50.

3. Division.

4. Can't tell if you're asking for the equation but 28.50 / 6 = 4.75. Or do 28.50 / 6 = c

5. 4.75.

If they're asking you to convert it into united states dollars:

1. It's asking how much is the cost of each sachet.

2. One given fact is that 6 pieces of a sachet cost 28.50.

3. Division.

4. Can't tell if you're asking for the equation but 28.50 / 49 = 0.58163265306 (0.59 if you round it) Or do 28.50 / 49 = c

5. 0.59.

Tbh I just used g00gle and converted philiphine pesos to USD (United States) dollars, if it's not right, then sorry-

Hope this helped!!

Solve The systems of equation using any method
4×+3y=2 3x-3y=-9​

Answers

x = -1, y= 2 is the correct answer

What is 7a - 9> 2 (4a + 1)

Answers

Answer:

a<-11

Step-by-step explanation:

What is 65% of 568 ?

Answers

Answer:

8

Step-by-step explanation:

568÷65=8

Answer:

369.2

Step-by-step explanation:

65% of 568

= 65/100 x 568

=36920/100

=1846/5

=369.2

In August, a grocery store averaged about 620 customers per day. In September, the average number of customers per day at the store was 1075. What was the approximate percent increase in the average number of customers per day from August to September?

255%
73%
70%
59%

Answers

For these types of questions you normally do the new amount - original amount / the original. So 1075-620/620 which gives you 73.39%.

F(x) = 3 + 4x G(x) = 6x + 7

I) find fg(x)

Answers

Answer:

See the attached document

The length of a rectangle is 2 inches more than twice its width. Write an equation relating the length / of the rectangle to its width w.

Answers

Answer:

l = 2w + 2 would be the equation

3) The elevator in a large office building is not working so you start climbing the stairs. The first flight
takes you 56 seconds. The second flight takes you 62 seconds. The third flight takes you 68 seconds.
If you climb a total of ten flights, how long will it take you to climb all ten flights combined?
a.
b.
C.
1660 seconds
830 seconds
330 seconds
105 seconds
6 seconds
d.
e.

Answers

Answer:

Oct 20, 2019 — So how many flights does it takes for stair climbing to qualify as a workout? ... the Harvard Alumni Health study reported that climbing 10-19 flights a week (two ... But to be clear, we're not talking about the type of stair climbing you do ... of 20 seconds (about 60 steps) or a single/double flight of stairs that ca

Step-by-step explanation:

Pls help asap!(this question is worth 20 points!)picture down below says question

Answers

Answer:

138

Step-by-step explanation:

c=5

d=4

6c^2-5d+8

substitute c & d

6(5)^2-5(4)+8

6(25)-20+8

150-20+8 = 138

what's the answers to this question? help pls

Answers

Answer:

answer: B

Step-by-step explanation:

brainliest pls

The answer is b the other answer not make sense

Julissa earns $13 per hour. If her regular hours are 40 hours per week, and she receives double time overtime,
find her total pay for a week in which she works 45 hours.

Answers

Answer:

1,040 dollars

Step-by-step explanation:

Point M is located at (7,1).

What is located 5 units from point M?

Choose 1 answer:

(Choice A)

Point A

(Choice B)

Point B

(Choice C)

Point C

(Choice D)

Origin

Answers

I think it is possibly point b

In need of help thanks

Answers

Step-by-step explanation:

x = 20

y = 25

z = 24

plz mark my answer as brainlist plzzzz vote me also.

hope this will be helpful to you .

Answer:

x = 20

y = 25

z = 24

Step-by-step explanation:

2y + 10 = 60

2y = 50

y = 25

2y + 10 = 3x

but y = 25

=> 50 + 10 = 3x

3x = 60

x = 20

5z + 3x = 180

but x = 20

5z + 60 = 180

5z = 120

z = 24

please give me brainlist if it is helpful for you

Faucet filled 2gallon pot in 5/6 minute how many gallons in minute

Answers

Answer:

12/5 gallons/minute, or 2 2/5 gallons/minute

Step-by-step explanation:

Find the unit rate with time as the independent variable:

2 gallons

---------------- = 12 gallons / 5 minutes = 12/5 gallons/minute

5/6 minute

Answer:

.41666 or 5/12 Gallons per minute

Step-by-step explanation:

5/6 divided by 2

17 = x + 9
Whats the answer i need it now pls && thank uu .

Answers

Answer:

x=8

Step-by-step explanation:

subtract 9 from 17 to get x alone on one side. 17-9=x+9-9. That will equal 8=x. Hope this helps

Answer:

hello !

x = 8

transpose nine to isolate x:

17 - 9 = x

8 = x

Dhanu has a model railway.
(a) He has a train that consists of locomotive and 4 coaches. The mass of the locomotive is 87 g
and the mass of each coach is 52 g.
i) Work out the total mass of the train.​

Answers

Ahh this is a good hard question, I hope someone comes along and helps. Goodluck my friend!

WHY DOES NO ONE REPLY TO MY Q"S!!!!!!
In 1940 the average size of a U.S. farm was 174 acres. Let's say that the standard deviation was 57 acres. Suppose we randomly survey 41 farmers from 1940.

Answers

Answer:

117 is the smaller value and 231 is the larger value

Step-by-step explanation:

Standard deviation is 57

Middle 50% is average and one standard deviation to each direction

So if the average is 174

174 - 57 is 117

174 + 57 is 231

saben cual es la raiz cuadrada de 3025 con metodo de aproximaciones sucesivas ​

Answers

Answer:

which language is this

can someone please help my question is the sum of six and c

Answers

Answer: i dont know

Step-by-step explanation:

In which step did Viet make an error?

Answers

Answer:

Step 1

Step-by-step explanation:

When moving the 4 to the other side, Viet was supposed to subtract 4 from each side, leaving 0 on the left, and 102-4 on the other side. 102-4=98, not 106. Viet added when he was supposed to subtract.



On your paper, construct a rectangle on a coordinate plane that satisfies these criteria.

• The sides of the rectangle are either vertical or horizontal.

• The perimeter of the rectangle is 42 units.

• Each of the vertices lies in a different quadrant.

What are the coordinates of the vertices of your rectangle? Explain how you know the perimeter of your rectangle is

42 units

Answers

Answer:

[tex]A = (5,3)[/tex]

[tex]B = (-5,3)[/tex]

[tex]C = (-5,-8)[/tex]

[tex]D = (5,-8)[/tex]

Step-by-step explanation:

Required

[tex]Perimeter = 42[/tex]

Construct a rectangle whose perimeter is 42 units and satisfies the given conditions.

First, name the rectangle ABCD.

Such that:

[tex]A = (x_1,y_1)[/tex]

[tex]B = (x_2,y_2)[/tex]

[tex]C = (x_3,y_3)[/tex]

[tex]D = (x_4,y_4)[/tex]

For the rectangle to be either horizontal or vertical, then:

[tex]y_1 = y_2[/tex] and [tex]y_3 = y_4[/tex]

We have that:

[tex]Perimeter = 42[/tex]

Replace perimeter with its formula

[tex]2(AB + BC) = 42[/tex]

Divide both sides by 2

[tex]AB + BC = 21[/tex]

This implies that, the distance between adjacent sides (through the edges) must be equal to 21

Having said that: a set of coordinates that satisfy the given conditions are:

[tex]A = (5,3)[/tex] -- First quadrant

[tex]B = (-5,3)[/tex] -- Second quadrant

[tex]C = (-5,-8)[/tex] -- Third quadrant

[tex]D = (5,-8)[/tex] -- Fourth quadrant

The above quadrants satisfy the condition:

[tex]y_1 = y_2[/tex] and [tex]y_3 = y_4[/tex]

HOW TO KNOW THE PERIMETER IS 42

To do this, we simply calculate the distance between the edges and add them up

Distance is calculated as:

[tex]D = \sqrt{(x_1 - x_2)^2 + (y_1 - y_2)^2[/tex]

For AB

[tex]A = (5,3)[/tex]

[tex]B = (-5,3)[/tex]

[tex]D_1 = \sqrt{(5 - (-5))^2 + (3 - 3)^2}= \sqrt{(10)^2 + (0)^2} = \sqrt{100} = 10[/tex]

For BC

[tex]B = (-5,3)[/tex]

[tex]C = (-5,-8)[/tex]

[tex]D_2 = \sqrt{(-5 - (-5))^2 + (3 - (-8))^2}= \sqrt{(0)^2 + (11)^2} = \sqrt{121} = 11[/tex]

For CD

[tex]C = (-5,-8)[/tex]

[tex]D = (5,-8)[/tex]

[tex]D_3 = \sqrt{(-5 -5)^2 + (-8 - (-8))^2}= \sqrt{(-10)^2 + (0)^2} = \sqrt{100} = 10[/tex]

For DA

[tex]D = (5,-8)[/tex]

[tex]A = (5,3)[/tex]

[tex]D_4 = \sqrt{(5 -5)^2 + (-8 -3)^2}= \sqrt{(0)^2 + (11)^2} = \sqrt{121} = 11[/tex]

So, the perimeter is:

[tex]P = D_1 + D_2 + D_3 + D_4[/tex]

[tex]P = 10 + 11 + 10 +11[/tex]

[tex]P = 42[/tex]

See attachment for rectangle

someone answer this please

Answers

Answer:

D) -4(-1) > 2 is a true statement

Step-by-step explanation:

A) 3 < 0  False

B) -6 > -1  False

C) 0 < -4  False

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