How long will it take Eniola to save $5,000 if she started with $500 and found a rate of 6. 2%? Round to the nearest whole number

Answers

Answer 1

Answer:

38.28 years

Step-by-step explanation:

The computation of the time period is shown below:

Given that

RATE = 6.2%

PV = $500

PMT = $0

FV = $5,000

The formula is shown below:

= NPER(RATE;PMT;-PV;FV;TYPE)

After applying the above formula, the time period is 38.28 years

Hence, in order to save $5,000 it would take 38.28 years


Related Questions

What is the coordinate of the midpoint of AB?

Answers

Answer:

(5,4)

Step-by-step explanation:

that is directly between the two points

Angelina wins money in a competition. She is given the choice as to how she is paid.
Choice 1: Get $1 the 1st day, 2$ the 2nd day, $4 the 3rd day, 8$ the 4th day, and so on
Choice 2: Get 1,000,000 today.
a) With which method of payment will angelina get more money?
c) After how many days will the money Angelina gets from Choice 1 be approximately $1, 000, 000?

Answers

Answer:

Choice 120 days

Step-by-step explanation:

You are being asked to compare the value of a growing infinite geometric series to a fixed constant. Such a series will always eventually have a sum that exceeds any given fixed constant.

__

a)

Angelina will get more money from the Choice 1 method of payment. The sequence of payments is a (growing) geometric sequence, so the payments and their sum will eventually exceed the alternative.

__

c)

For a first term of 1 and a common ratio of 2, the sum of n terms of the geometric series is given by ...

  Sn = a1×(r^n -1)/(r -1) . . . . . . . . . . series with first term a1, common ratio r

We want to find n such that ...

  Sn ≥ 1,000,000

  1 × (2^n -1)/(2 -1) ≥ 1,000,000

  2^n ≥ 1,000,001 . . . . add 1

  n ≥ log(1,000,001)/log(2) . . . . . take the base-2 logarithm

  n ≥ 19.93

The total Angelina receives from Choice 1 will exceed $1,000,000 after 20 days.

What is a necessary step for constructing perpendicular lines through a point on a line?

O Draw a line that intersects the first line at an acute angle using a straightedge.

O Draw a ray that intersects the first line at an acute angle using a straightedge.

Draw arcs on either side of a given point on the line,

Draw ares on either sig, of a given point of the line

Answers

A necessary step for constructing perpendicular lines through a point on a line is D. Draw arcs on either side of a given point of the line.

What is a perpendicular line?

A perpendicular line simply means the lines that intersect at 90 degrees.

In this case, a necessary step for constructing perpendicular lines through a point on a line is to draw arcs on either side of a given point of the line. This can be done by opening the compass bans marking two points of intersection between the arcs in a given line.

Learn more about perpendicular lines on:

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Answer:nj

Step-by-step explanation:

j

(NEED ANSWER TODAY!) The dimensions of this figure are changed so that the new surface area is exactly 1/3 what it was originally.What is the new surface area?Enter your answer as a decimal in the box.

Answers

ANSWER: 202.46 if you need all the question answers just ask :D

What’s 70x56,000+65,000,000

Answers

3976000 is the answer

A swimsuit is on sale for $29.75. If the original price of the swimsuit is $35, what is the percent of the discount?

A. 2%
B. 5%
C. 15%
D. 17%

Answers

Answer:

C. 15%

Step-by-step explanation:

35 * 0.15 = 5.25

35 - 5.25 = 29.75

A percentage is a way to describe a part of a whole. The percentage of discount on the swimsuit is 15%.

What is the Percentage?

A percentage is a way to describe a part of a whole. such as the fraction 1/4 can be described as 0.25 which is equal to 25%.

To convert a fraction to a percentage, convert the fraction to decimal form and then multiply by 100 with the '%' symbol.

We know that the cost of the swimsuit is $29.75, while the original cost of the swimsuit is $35. Now, after the discount the price will be a percentage of the original, therefore, the discounted price can be written as,

Discounted Price = x% of Original Value

[tex]29.75 = \dfrac{x}{100} \times 35\\\\x = 85[/tex]

Now, as we know that the discounted price is 85% of the original price, therefore, the price will have a 15% discount(100%-85%).

Hence, the percentage of discount on the swimsuit is 15%.

Learn more about Percentages:

https://brainly.com/question/6972121

PYTHAG THEOREM!
Aubrey is building a slide for her kids. If the ladder is 6 feet tall and she wants the bottom of the slide to be 5 feet from the ladder, how long does the slide need to be? If necessary, round to the nearest tenth.

Answers

Answer:

sqrt(11)

Step-by-step explanation:

a^2+b^2 = c^2

a = 5

c = 6

b = ?

25 - b^2 = 36

36 - 25 = b^2

b = sqrt(11)

The ladder should be 7.81 feet long.

What is Pythagoras theorem?

Pythagoras theorem tell us the relation between the sides of a right-angled triangle, it states, the sum of the squares of the base and perpendicular is equal to the square of the hypotenuse.

Given that, Aubrey is building a slide for her kids. If the ladder is 6 feet tall, and she wants the bottom of the slide to be 5 feet from the ladder,

This slide is in the form of a right triangle, therefore applying the Pythagoras theorem, we have,

a²+b² = c² (refer to the figure attached)

5²+6² = c²

c² = 25+36

c² = 61

c = √61

c ≈ 7.81

Hence, the length of the slide should be 7.81 feet.

For more references on Pythagoras theorem, click;

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#SPJ2

2
Plot the points (2, 4) and (2, -8) on the
coordinate plane below.
What is the distance between these two
points?
units

Answers

Answer:

12 units

Step-by-step explanation:

Applying the distance formula, [tex]\sqrt{(x_{2}- x_{1})^{2} + (y_{2}- y_{1})^{2} }[/tex], you get [tex]\sqrt{(2-2)^{2} +(4+8)^{2}}[/tex] = [tex]12[/tex] units.

Complete two expressions that have the same product as 3 x 5. 12

__________ x

1

12AND __________ x

3

12

Answers

The two expressions that would have the same product as 3.5 x 5.12 are:

184.32 x 1/12

76.8 x 3/12

What is the product of the a number?

The product of a number is the value that is derived when two or more numbers are multiplied by each other.

Product of 3 and 5.12 is 15.36.

In order to determine what number should be multipled by 1/12 to yield 15.36, multiply 15.36 by 12: 15.36 x 12 = 184.32

In order to determine what number should be multipled by 3/12 to yield 15.36, multiply 15.36 by 4: 15.36 x 4 = 76.8

To learn more about multiplication, please check: https://brainly.com/question/13814687

help pls
tysm in advance

Answers

[tex]\bold{\huge{\underline{ Solution }}}[/tex]

Given :-

We have given some information in the above table

To Find :-

We have to find the mean, median and mode of the given data.

Let's Begin :-

For completion of table you should know the basics formulas :-

For calculating x( mid point)

[tex]\sf{=}{\sf{\dfrac{Sum \:of\: class \:interval }{ 2}}}[/tex]

That is,

[tex]\sf{=}{\sf{\dfrac{ = 18 + 25}{2}}}[/tex]

[tex]\sf{=}{\sf{\dfrac{ = 43}{2}}}[/tex]

[tex]\sf{= 21.5 }[/tex]

[ For more calculation ,Please refer the attachment ]

For calculating fx Multiply frequency and midpoint

[tex]\sf{ fx = frequency {\times} midpoint }[/tex]

[tex]\sf{ fx = 8 {\times} 21.5 }[/tex]

[tex]\sf{ fx = 172 }[/tex]

[ For more calculation please refer the attachment ]

Now,

We have to calculate mean, median and mode of the given data

For mean

We know that the,

Mean = Sum of all observation / no. of observation

That is

[tex]\sf{ Mean = }{\sf{\dfrac{ {\sigma}fx}{{\sigma}x}}}[/tex]

Subsitute the required values,

[tex]\sf{ Mean = }{\sf{\dfrac{ 1811 }{ 187.5}}}[/tex]

[tex]\sf{ Mean = 9.65}[/tex]

Hence, The mean of the given data is 9.65

For Median

We know that, For odd numbers

[tex]\sf{ Median = l + }{\sf{\dfrac{ (n/2 - c)}{ f}}}{\sf{ h }}[/tex]

Here,

[tex]\sf{ n = }{\sf{\dfrac{ 50 + 1}{ 2}}}[/tex]

[tex]\sf{ n = }{\sf{\dfrac{ 50 }{ 2}}}[/tex]

[tex]\sf{ n = 25 }[/tex]

Lower limit = 34c = 20f = 14h = 41 - 34 = 7

Subsitute the required values in the above formula :-

[tex]\sf{ Median = 34 + }{\sf{\dfrac{ (25-20)}{ 14}}}{\sf{ 7 }}[/tex]

[tex]\sf{ = 34 + }{\sf{\dfrac{ 5}{ 14}}}{\sf{ {\times}7 }}[/tex]

[tex]\sf{ = 34 + }{\sf{\dfrac{ 35}{ 14}}}[/tex]

[tex]\sf{ = 34 + 2.5}[/tex]

[tex]\sf{ = 36.5 }[/tex]

Hence, The median of the given data is 36.5 .

For Mode

We know that,

[tex]\sf{ M= l }{\sf{\dfrac{ (f1 - fo)}{ 2f1 - fo - f2 }}}{\sf{ {\times} h }}[/tex]

lower limit = 34 f1 = 14fo = 12f2 = 12H = 7

Subsitute the required values,

[tex]\sf{ M= 34 }{\sf{\dfrac{ (14 - 12)}{ 2(14)- 12 - 12 }}}{\sf{ {\times} 7 }}[/tex]

[tex]\sf{ M= 34{\times}}{\sf{\dfrac{ 2}{ 28 - 24 }}}{\sf{ {\times} 7 }}[/tex]

[tex]\sf{ M= 34{\times}}{\sf{\dfrac{ 2}{ 4 }}}{\sf{ {\times} 7 }}[/tex]

[tex]\sf{ M= 34{\times}}{\sf{\dfrac{ 1}{ 2 }}}{\sf{ {\times} 7 }}[/tex]

[tex]\sf{ M= 34{\times}}{\sf{\dfrac{ 7}{ 2 }}}[/tex]

[tex]\sf{ M= 34 + 3.5 }[/tex]

[tex]\sf{ M= 37.5 }[/tex]

So,

Mode = 37.5

Hence ,The mode of the given data is 37.5 .

Use the discriminant to find the number of x-intercepts of the graph of the function.
y = x2 + 3x

Answers

Answer:

2 x-intercepts

Step-by-step explanation:

Standard form of quadratic equation: [tex]\sf y=ax^2+bx+c[/tex]

Given equation: [tex]\sf y=x^2+3x[/tex]

Therefore:

a = 1b = 3c = 0

Discriminant: [tex]\sf b^2-4ac[/tex]

Substituting values into discriminant:

[tex]\sf \implies 3^2-4(1)(0)=9[/tex]

As discriminant > 0 then 2 real roots (2 x-intercepts)

Find the area. Please help me with this problem:)

Answers

Answer:

132 square feet

Step-by-step explanation:

If you need an explanation, just ask.

Hope this helps! Pls give brainliest!

Mrs. Barnett has 5 cups of sugar. A batch of cookies uses 1/3 cup of sugar.

How many batches of cookies can she make?

Answers

Answer:

15 batches of cookies

Step-by-step explanation:

We need to find out how many third cups do into 5 cups. We can do this by 5 ÷ 1/3

When dividing fractions, use KFC:

Keep the first fraction the sameFlip the second fractionChange the sign from ÷ to ×

Therefore, 5 ÷ 1/3 = 5 × 3/1 which is 15 batches of cookies

Hope this helps!

A farmer has some cows and horses. All the animals are either brown or black. The table shows how many of each
animal is on the farm.

one animal is selected randomly. what is the probability of chowing a horse given that they are brown? round answer to nearest hundredth.

Answers

Answer:

P = 1/5 = 0.20 = (20%)

Step-by-step explanation:

there are 12 horses and 8 cows, in total there are 20 animals

of which 4 horses are brown

Then

[tex]P=\frac{4}{20} =\frac{1}{5}[/tex]

Hope this helps

help pls wrong answers will be reported

Answers

Answer:

Functions A and B have the same y-intercept.

Step-by-step explanation:

Their functions both have a y-intercept of 2. These are what they look like when graphed.

y=|x-3|+|x+2|-|x-5| if x < -2
what does y equal

Answers

Answer:

y= |x-3|+ |x+2|-|x-5|; x<-2

y=-2

Help me with this pls it’s due on Monday :)

Answers

Answer:

area of trapezium=1/2 h(length 1+length2)

1/2*5*(13+6)

1/2*5*19

Answer:

Area = 47.5cm^{2}

Step-by-step explanation:

Area = 1/2 (a+b) × height

Area = 1/2 (6 + 13) × 5

  Area = 1/2 (19) × 5

    Area = 47.5cm^{2}

I WILL GIVE 20 POINTS TO THOSE WHO ANSWER THIS QUESTION RIGHT NOOOO SCAMS AND EXPLAIN WHY THAT IS THE ANSWER

Answers

[tex]\qquad\qquad\huge\underline{{\sf Answer}}♫[/tex]

Let's solve ~

Surface area of Cylinder :

[tex]\qquad \sf  \dashrightarrow \:2\pi r(r + h)[/tex]

[tex]\qquad \sf  \dashrightarrow \:2 \pi \times 5(5 + 4)[/tex]

[tex]\qquad \sf  \dashrightarrow \:10 \pi(9)[/tex]

[tex]\qquad \sf  \dashrightarrow \:90 \pi[/tex]

Find the amplitude and period of y = 5 cos (4x)

Answers

Answer: amplitude is 5 and Period is pi/2

Step-by-step explanation:

yes ‍♀️

The question is in the image. I really need help, please.

Answers

Answer:

  (b)  65/27

Step-by-step explanation:

Here, we notice the index for the summation runs from 0 to 3, so there are a total of 4 terms.

The sum represented by the summation symbol is ...

  5(-2/3)^0 +5(-2/3)^1 +5(-2/3)^2 +5(-2/3)^3

  = 5(1 -2/3 +4/9 -8/27)

  = 5/27(27 -18 +12 -8)

  = 5(13/27) = 65/27

__

There is a formula for the sum of a geometric series:

  Sn = a1×(1 -r^n)/(1 -r)

Here, the first term is a1 = 5(-2/3)^0 = 5. The common ratio is the base of the exponential, r = -2/3. So, the sum of n=4 terms is ...

  S4 = 5×(1 -(-2/3)^4)/(1 -(-2/3)) = 5×(1 -16/81)/(5/3) = 65/27

A ball is placed in a machine that throws the ball up in the air. The table represents some points on a graph of a function that models the ball’s distance from the ground with respect to the time since the ball was thrown. What is the range for this situation?

Answers

By analyzing the table we conclude that the range is the set R : [0, 7.66] so the correct option is the last one.

What is the range in the situation?

For a relation y = f(x), we define the range as the possible values of y.

In this case, y represents the height that the ball takes, in the table, we can see that it starts at 0, then in reaches a maximum value of 7.66, and then it decreases again until it reaches the zero again when the ball returns to the ground.

Then y can take all the values between 0 and 7.66, meaning that the range is:

R : [0, 7.66]

Then the correct option is the last one.

If you want to learn more about range, you can read:

https://brainly.com/question/10197594

please help with word problems.

Answers

Answer:

I am sorry but u didn't really ask any question to be answered so next time give a question to be answered

What are the solution(s) for the following quadratic equation?
f(x)=5x^2+2x-7

Please show work!

Answers

[tex]\\ \rm\rightarrowtail 5x^2-2x-7=0[/tex]

[tex]\\ \rm\rightarrowtail 5x^2-7x+5x-7=0[/tex]

[tex]\\ \rm\rightarrowtail x(5x-7)+1(5x-7)=0[/tex]

[tex]\\ \rm\rightarrowtail (x-1)(5x-7)=0[/tex]

[tex]\\ \rm\rightarrowtail x=1,7/5[/tex]

Alexis bought 50 collectible stamps at a garage sale. Each week, she purchases 30 stamps to add to her
collection. How many weeks will she need to purchase stamps to have more than 500 stamps?

Answers

Answer:

14 (exactly 500) or 15 (over 500)

Step-by-step explanation:

We know that Alexis has already bought 50 stamps.

50 + 30 = 80

We need to subtract to see how many stamps she needs.

500 - 80 = 420

We divide by 30 to see about how many weeks it would take.

420 / 30 = 14

We can add 1 more week because she wants to have more than 500 stamps.

hope this helps :)

A bank is offering 2.5% simple interest on a savings account. if you deposit $5000,how much interest will you earn in one year?​

Answers

Answer:

$125 you will end up w/ $5125

Step-by-step explanation:

use the order of operations to simplify the left side of the inequality below. What values of x make the inequality a true statement? -1/2 (3^(2)+7) x>32

Answers

Answer:

x<−0.00325153

x> 0.00325153

Step-by-step explanation:

-1/2 (3^(2)+7) x >32

-1/2 (3^(9) x >32

-1/2 (19683) x >32

-9841.5 x >32

x<−0.00325153

x> 0.00325153

There are ten balls in a bag. Three balls are black and seven balls are white. a One ball is chosen at random and then replaced. Then a second ball is chosen at random. Here are two events. D: the first ball is black S: the second ball is black Are D and S independent? Show your working. ​

Answers

Answer:

Given:

Total balls = 10Black balls = 3White balls = 7

⇒ P(black ball) = 3/10 = 0.3

⇒ P(white ball) = 7/10 = 0.7

If one ball is chosen at random and replaced, the probabilities do not change between the first and second ball.

Let event D = first ball is black

Let event S = second ball is black

P(D) = 0.3

P(S) = 0.3  (since the first ball is replaced)

⇒ P(D ∩ S) = P(D) × P(S)

                   = 0.3 × 0.3

                   = 0.09

For Independent Events we know that:  P(A ∩ B) = P(A) × P(B)

Therefore, as P(D ∩ S) = P(D) × P(S) the events are independent.

Math homework pls helps!!

Answers

12

Step-by-step explanation:

[tex] \sqrt{ - 72k} \\ \\ = \sqrt{ - 72( - 2)} \\ \\ = \sqrt{144} \\ \\ = 12[/tex]

Answer:

Simplify the radical by breaking the radicand up into a product of known factors, assuming positive real numbers.

=12

What is the least common denominator of
7/9 and 17/18?

Answers

Answer:

18

Step-by-step explanation:

9 can be multiped by 2 to get to 18 :)

if the graph of f(x)=x^2 is shifted 4 units to the left, then what would be the equation of the new graph?​

Answers

Answer:

Step-by-step explanation:

Be careful. You can be confused by shifting left or right because the result is the opposite of what you might think.

f(x) = x^2

f(x + 4) = (x + 4)^2

To show you this in graphical form, see below.

Red: f(x) = x^2

Blue: f(x) = (x+4)^2 Notice that the blue graph is the the LEFT of the red graph

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