How much will you have saved after 6 years by contributing $1,200 at the end of each year if you expect to earn 11% on the investment?

Answers

Answer 1

Savings after 6 years would be $ 1992.

What are savings?

Savings is the money that remains after expenses and other commitments have been subtracted from income.

Savings are the sum of money that would otherwise be lying about, not being risked on investments or used for consumption.

Savings and investing can be compared because the latter includes putting money at risk in an effort to try to increase wealth.

Indicators of household debt or a negative net worth include negative savings.

According to the question,

Amount contributed(P)= $1200

Rate(R)= 11%

Time(T)= 6 years

Interest(SI)=P*R*T/100

                   = 1200*11*6/100

                   = 792

Savings after 6 years = P+ SI

                                      = 1200 + 792

                                      = $ 1992

Learn more about savings here:

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Related Questions

A playground is 45 feet wide
convert the wind to yards

Answers

15 yards. One yard is equal to 3 feet. So, 45, divided by three, is 15. Have a great day!

(05.07 MC)
The net of a square pyramid is shown below
3 inches
2 inches
3 inches
2 inches
What is the surface area of the solid?
16 square inches
24 square inches
28 square inches
Previous Question
Question 1 (Answered)

Answers

Answer:

16 2x3 divided by 2 x4=12 + 2x2=16 I think hopefully this helps :)

Probability is a measure of how likely an event is to occur. Choose the probability that best matches each of the following statements: (a) This event is impossible: [ Select ] (b) This event will occur more often than not, but is not extremely likely: [ Select ] (c) This event is extremely unlikely, but it will occur once in a while in a long sequence of trials: [ Select ] (d) This event will occur for sure: [ Select ]

Answers

Answer:

(a) 0

(b) 0.6

(c) 0.01

(d) 1

Step-by-step explanation:

Given

Probabilities: 0, 0.01, 0.3, 0.6, 0.99, and 1 ---> Missing information

Required

Match the probabilities with appropriate values

(a) Impossible:

An impossible event will always have a probability of 0

(b) Occurrence is more often than not, but not extremely likely:

An event that will occur more often than not will have a probability greater than 0.5 but less than 1

However, if the likelihood is not extremely likely, the probability will be closer to 0.5 and 1.

The probability that matches this description is 0.6

(c) Occurrence is extremely unlikely, but will occur once in a while

An event that is extremely unlikely will have a value greater than 0 and the value will be very close to 0.

The probability that matches this description is 0.01

(d) A certain event:

A certain event has a probability of 1

100% of what equals 12​

Answers

Answer:

12

Step-by-step explanation:

You enter an elevator and go down 7 floors you exit on the 10th floor. Write an equation you can use to find the floor where you entered the elevator

Answers

7+10=x or 17 is the answer
here’s mine! 0= where you started

(0 - 7) - 3

19 tens is the same
as
Count forward by fives.

Answers

19 tens is 190 but i don’t know what you mean by count forward by fives

A committee of 3 is to be formed from 5 men and 6 women. (a) What is the probability that a random committee is made up of 2 women and 1 man? (b) Suppose now that the committee consists of different positions: Chairperson, Vice-Chairperson, and Treasurer. What is the probability that the Chairperson and Vice Chairperson are both women and the Treasurer is a man?

Answers

Answer:

a) 0.4545 = 45.45% probability that a random committee is made up of 2 women and 1 man.

b) 0.1515 = 15.15% probability that the Chairperson and Vice Chairperson are both women and the Treasurer is a man

Step-by-step explanation:

A probability is the number of desired outcomes divided by the number of total outcomes.

If the order of the people chosen is important, we use the permutations formula. If the order is not important, we use the combinations formula.

Permutations formula:

The number of possible permutations of x elements from a set of n elements is given by the following formula:

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

Combinations formula:

[tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.

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

(a) What is the probability that a random committee is made up of 2 women and 1 man?

Order is not important, so we use the combinations formula.

Desired outcomes:

2 women from a set of 6, and a men from a set of 5. So

[tex]D = C_{6,2}*C_{5,1} = \frac{6!}{2!4!}*\frac{5!}{1!4!} = 15*5 = 75[/tex]

Total outcomes:

3 people from a set of 6 + 5 = 11. So

[tex]T = C_{11,3} = \frac{11!}{3!8!} = 165[/tex]

Probability:

[tex]p = \frac{D}{T} = \frac{75}{165} = 0.4545[/tex]

0.4545 = 45.45% probability that a random committee is made up of 2 women and 1 man.

(b) Suppose now that the committee consists of different positions: Chairperson, Vice-Chairperson, and Treasurer. What is the probability that the Chairperson and Vice Chairperson are both women and the Treasurer is a man?

Now, the order is important, which means that we use the permutations formula.

Desired outcomes:

2 women from a set of 6, and a men from a set of 5. So

[tex]D = P_{6,2}*P_{5,1} = \frac{6!}{4!}*\frac{5!}{4!} = 30*5 = 150[/tex]

Total outcomes:

3 people from a set of 11. So

[tex]T = P_{11,3} = \frac{11!}{8!} = 990[/tex]

Probability:

[tex]p = \frac{D}{T} = \frac{150}{990} = 0.1515[/tex]

0.1515 = 15.15% probability that the Chairperson and Vice Chairperson are both women and the Treasurer is a man

Find the vertex of the graph of the quadratic function f(x)=7x2+14x+10

Answers

Answer:

plazzz get lost bro fast

find the perimeter and area of the rectangle with vertices (1, -2), (1, 7), (-3, 7), and (-3, -2)

Answers

Answer:

26

Step-by-step explanation:

9+4+9+4=26

8) Which of the Prime number are
even numbers?
C
a) 0 & 2
b) 1 & 2
c) 2
ОО
d) None​

Answers

Answer C is correct


PLEASE HELP !! ILL GIVE BRAINLIEST *EXTRA POINTS*..
IM GIVING 40 POINTS !! DONT SKIP :((.

Answers

The answer to your problem is y=11x

Jocelyn boils 24 eggs. From experience, she knows that the shell of any given during the boiling process. If shells crack independently, what is the probability the boiling process with a cracked shell? Round to 2 decimal places.​

Answers

Answer:

.62

Step-by-step explanation:

Keep it nice and simple.

Answer:

.62

Step-by-step explanation:

Here again are the results of a survey that students conducted at a mall. The students conducted this survey as part of a statistics project to determine if younger adults are more likely to have tattoos. At least one tattoo No tattoo Row Totals Age 18 - 29 170 320 490 Age 30 - 50 60 445 505 Column Totals 230 765 995 Which proportions are most useful in analyzing the relationship between age and tattoos? Group of answer choices 170 / 230 and 60 / 230

Answers

Answer:

1. 170/490 and 60/505

2. 320/490 and 445/505

Step-by-step explanation:

No options were given, but the question can still be answered

Given

[tex]\begin{array}{cccc}{} & {\ge 1\ tattoo} & {0\ tattoo} & {Row\ Total} & {18 -29} & {170} & {320} & {490} & {30 - 50} & {60} & {445} & {505} & {Column\ Total} & {230} & {765} & {995}\ \end{array}[/tex]

Required

Which proportion best compares age and tattoos?

The row data represents the age range of each group while the column data represents the amount of tattoo by each group.

So, to make comparison:

You simply pick a cell data and compare it to the row total.

Take for instance

For those who have at least 1 tattoo. The proportion to use are:

170/490 --- For age range: 18 - 29

60/505 --- For age range: 30 - 29

For those without tattoo. The proportion to use are:

320/490 --- For age range: 18 - 29

445/505 --- For age range: 30 - 29

This is the question I need the answer in 24 house or less please and thank u

Answers

Answer:

Vertex: (–9, 1)

Axis of Symmetry: x = –9

Step-by-step explanation:

x = 9 is the lowest point on the graph. This makes it the x-coordinate of the vertex and the axis of symmetry. Now count how many squares above the x-axis it is. It's 1 square above, right? This means the vertex is (–9, 1).

Hope this helps you. Have a great day!

Name all digits that can be the last digit of prime numbers.

Answers

Answer:

1,2,3,5,7,9

Step-by-step explanation:

I started by seeing all the digits (0-9) which are prime numbers.

The solution set in interval notation is ??

Answers

Answer:

Step-by-step explanation:

A bucket contains 13 & 1/3 gallons of water and is 5/6 full. How many gallons of water would be in a full bucket?

Answers

Answer:

16

Step-by-step explanation:

Answer:

17 2+2+2+2+2+2+2+2+1

Step-by-step explanation:

the bucket contains 13 and 6

Is the set of the following numbers ordered from greatest to least or least to greatest

Answers

Answer: Your answer should be least to greatest I believe

Do
10 cm
10 cm
20 cm
form an triangle?

Answers

Answer:

No it is unable to form a triangle.

Step-by-step explanation:

It cannot be because one side is two times the other side, and there are two of the "other sides". It cannot form a triangle.

Answer:

Step-by-step explanation:

The earth travels 1,050 miles per hour.
At this rate, how many miles does the earth travel per day?

Plz Help God will Bless You!!

Answers

The earth travels 1,050 miles in an hour.

There are 24 hours in a day.

So multiply 1,050 by 24.

And you get 25,200.

The earth travels 25,200 miles in a day.

which explains how to find the quotient of the division below -3 1/3 / 4/9​

Answers

KCF method
keep the first one the same, change the sign to multiplication, and flip the last fraction to its reciprocal.
(also change the first fraction to an improper fraction)
-10/3 x 9/4 = -90/12
-7.5 or -7 1/2

A submarine is 84 feet below the surface of the water and descends 10 feet
deeper every minute. How many minutes will it take for the submarine to be
located 219 feet below the surface? Write and solve an equation,

Answers

Answer:

13.5

Step-by-step explanation:

219-84=135

10*13.5=135

so it would take 13.5 minutes to get to 219 since 84+135=219

Factor out the GCF from the terms of the polynomial 2x^3 − 5x^2 + 25.

Answers

Answer:

Step-by-step explanation:

The polynomial is already factored.

5,3,1,-1, common difference or common ratio

Answers

Answer:

Common

Step-by-step explanation:

what is 23 + 23 - 789

Answers

Answer:

743

Step-by-step explanation:

23+23=46

789-46=743

Answer:

743

Step-by-step explanation:

Can someone explain to me how to do this problem?
x • 1 + x/1 =

Answers

x • 1 + x/1
x + x/1
2x/1
=2x

The first term of an Ap are x, 2x +1, and 5x+1 Find
x and the sum of the
l0 terms
first

Answers

Answer:

145/2

Step-by-step explanation:

d=[2x+1-x] = [5x+1 -(2x+1)]

x+1=3x

x-3x=-1

-2x=-1

x=1/2

therefore first term is 1/2

second term is 2(1/2)+1= 2

common difference d is 2-1/2=3/2

sum of first n terms is n/2 [2a+(n-1)d] where n=10

sum of first 10 terms= 10/2[2×1/2+(10-1)3/2]

=5[1+(9)3/2] =5[1+27/2] = 5[29/2] =145/2

Solve the equation
2x2 + 12x - 7 = 0
by completing the square.
Give your answers correct to 2 decimal places.
Show step by step please!!!!

Answers

Step-by-step explanation:

4+12x=7

12x=7-4

12x=3

X=3/12

X=0.25

What is the area of the figure?

Answers

Answer:

졌던 냥 샷 세 새 새 휴 여ㅔ헤헤헤헤헤헤하리ㅎㄴ하왕허웋ㅇ헝후오ㅡ아ㅗ여ㅏㅕ라ㅕ라ㅗㅇ렁셔 요 쇽뎌ㅕ려래ㅛ요ㅓㅓㅛ요ㅏ다ㅛ 또훙서 유ㅓ가ㅗㅗ히ㅓ

ㅍ피ㅓ리ㅓ히ㅓㅓ히ㅗ챠ㅗㅗ료ㅡ쵸ㅏㅇ

Step-by-step explanation:

ㅇㅎ겨개ㅛ교ㅑ아ㅛ려ㅐㄹ서넣요ㅏㅗㅏ차ㅗ셔ㅏ 로 홀ㅛㅕㅑ쇼ㅑ겻효ㅕ 껴ㅛㅕㅛ교ㅑ교ㅐ료ㅏ래ㅕ새ㅕ리ㅕㅐㅕㅔㅑㅣㅕ셔ㅐ ㅕㅣ셔ㅐㄱㅕㅔ샹샹허텋요ㅑ오툐ㅏ어ㅣ래ㅕ촤쳐ㅐ료ㅑ와타ㅛ낳와탸ㅛ와촤야ㅛ 유ㅗㅡ촤우ㅗ퇴롸러ㅣ혀ㅣ라ㅛㅌ샤 ㅗㅣ래ㅛ려ㅣ랴ㅛ아ㅗ처ㅣ촤여ㅣ리ㅕㅓ쵸ㅐ려ㅣㅓㅓㅣ리ㅓㄹㅗㅏ려ㅣ려ㅣ려ㅣㅣㅕㅛㅑㅓㅛ나굣이셔서ㅣㅣ시서ㅣ서소니서서서성섯여ㅣ햐ㅔㅅ하ㅕㅓ퍄샤도ㅕㅐ요ㅏㅗ럇냐ㅛ려ㅔㅐㅈ서ㅕㅣ세ㅕ엿처억 ㅣㅕ려

Using the Distributive Property, rewrite 2x + 16 as a product of two factors. *

1. 2x + 8
2. 2(16x)
3. 2(x + 8)
4. 2(x + 16)

Answers

It would be number 3 hope this helps!
3. 2(x+8)

if you distribute the 2 into the parenthesis, 2(x) + 2(8), the result will be 2x+16
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