1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ksju [112]
2 years ago
12

Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have ​$250,000 available in 4

​years, how much does she need to invest now in a CD paying 4.45​% interest compounded monthly​?
Mathematics
2 answers:
Aleks [24]2 years ago
7 0

Answer:

In a CD paying 4.45​% interest compounded monthly, to get 250.000$ after 4 years. Assume the amount she invests is A.

=> A x (1 + 4.45/100)^4 = 250000

=> A  x 1.19 = 250000

=> A = 250000/1.19 = 210084 dollar

Hope this helps!

:)

Mazyrski [523]2 years ago
5 0

Answer:

P = A(1+r/n)nt

225,000 = A(1+.0495/12)12(5)

225,000 = A(1+.001625)60

225,000 = A(1.001625)60

225,000 = A(1.102324208)

$204,114.18 = A

You might be interested in
Lisa bought some books. She spent a total of $45 after a discount of $6 off of her total purchase. Each book cost $3. How many b
elena55 [62]

Answer:

She spent 17 books  

Equation: 45+6 = 51 and 51/3 = 17 books

8 0
2 years ago
Free points, what is 2 + 2
Marina CMI [18]

Answer:

2+2=4 thank you and can I get brainlest too

4 0
3 years ago
Read 2 more answers
7th grade help me plzzzzz
Gekata [30.6K]

Answer:

fifteen, "number sentence"

Step-by-step explanation:

5 + 5 +5 = 15

4 0
2 years ago
In dire need of help with APR and APY! Please Help!
Sedbober [7]
<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><span>For example, a credit card company might charge 1% interest each month; therefore, the APR would equal 12% (1% x 12 months = 12%). This differs from APY, which takes into account compound interest. The APY for a 1% rate of interest compounded monthly would be 12.68% [(1 + 0.01)^12 – 1= 12.68%] a year. If you only carry a balance on your credit card for one month's period you will be charged the equivalent yearly rate of 12%. However, if you carry that balance for the year, your effective interest rate becomes 12.68% as a result of compounding each month.</span>
6 0
3 years ago
Solve for the right triangle given only one side and angle
34kurt

Answer:

CD = √11 and CE = √11

Step-by-step explanation:

We know that m∠D is 45° (by using the sum of interior angles in a triangle) so therefore, ΔDCE is a 45 - 45 - 90 triangle (the 45, 45, and 90 refer to the angle measures). The ratio of sides in a 45 - 45 - 90 triangle is 1 : 1 : √2 where the 1s are the sides and the √2 is the hypotenuse. We need to solve for x in x : x : √22. If you notice that √22 = √2 * √11, we can use this to find x, therefore, x = 1 * √11 = √11 so CD = √11 and CE = √11.

8 0
3 years ago
Read 2 more answers
Other questions:
  • The initial temperature of a cup of tea is 200ºF. The surrounding temperature is 70ºF, and the value of the constant k is 0.6. A
    15·1 answer
  • Megan’s room is expanded so the width is 150% of 3 meters. What is the new width?
    5·1 answer
  • Find three consecutive even integers whose sum is 84
    7·2 answers
  • John and his family went out to eat at their favorite restaurant's the bill for the food was $65 and I left a 20% tip for the se
    14·2 answers
  • A3-b3=(a-b)(a2+an+b2) 64x6-27
    12·1 answer
  • In this figure,<br><br>AB | CD<br>mZ4 = 30° what is mZ8?​
    10·2 answers
  • The entire graph of the function g is shown in the figure below. Write the domain and range of g as intervals or unions of inter
    14·1 answer
  • What are three equivalent ratios to 2/20??
    13·1 answer
  • Solve for the variable x.<br> 4(x - 11) = -210
    8·2 answers
  • Jared lost a total of $96 over the last 12 months. What integer represents the mean number of dollars lost each month?
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!