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koban [17]
3 years ago
6

bridget recieved 1400 from her grandfather as a birthday gift she decided to put the money in an account to save for college the

account has a fixed rate of 5.4% compound semi annually how much money will be in the account after five years
Mathematics
1 answer:
Simora [160]3 years ago
5 0

Answer:

The amount received after 5 years is 1827.39

Step-by-step explanation:

The amount received by Bridget from his grandfather as the birthday gift = 1400 .

Since he wants to deposit it and save for college, he earns interest rate = 5.4%

He deposited this money for the years = 5 years.

Here, the Present value (PV) is = 1400

Interest rate ( r ) = 5.4% or 0.054

Since the interest rate is compounded semi annually, So, n = 10

Now if we calculate the future value of 1400 with interest rate 5.4 percent:

\text{The amount received after 5 years} = PV(1 + \frac{r}{2} )^{n} \\

= 1400(1 + \frac{0.054}{2})^{10} \\

= 1827.39

Therefore, 1827.39 will be the total money in his account after five years.

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Option C: There are no solutions

Explanation:

The linear equations is graphed.

We need to determine the solution of the system of equations.

The solution of the equations can be determined by finding the point of intersection of the two equations.

From the figure, it is obvious that the two equations are parallel to each other.

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5 0
3 years ago
The exponent equivalent of 20 x 20 x 20 is
geniusboy [140]

Answer:

20 to the 5th power

Step-by-step explanation:

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3 years ago
To get the right shade of paint, the paint store mixes 1 part yellow with
Sever21 [200]

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6 parts yellow

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2 years ago
The graph shows a scuba diver's ascent over time. Use the graph to find the slope of the line. Complete the description of what
Burka [1]

Answer:

The slope of the line is <u>.25</u> This indicates that the diver <u>ascends</u> at a rate of <u>.25 </u>m/s.

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0 - (-10)

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6 0
3 years ago
Will give 25 points if someone can answer this page
Studentka2010 [4]

Answer:

Domain = {1,2,3,4,5,6} and Range = {42,49,56,63,70,77The given function is :

y = 7x + 35

Where

x is no of members

y is the monthly cost

Your group has enough money for up to six members to joim fitness club. It means domain (the set of input values) are:

Domain = {1,2,3,4,5,6}

Put x = 1 to 6 one by one,

y = 7(1) + 35 = 42

y = 7(2) + 35 = 49

y = 7(3) + 35 = 56

y = 7(4) + 35 = 63

y= 7(5) + 35 = 70

y = 7(6) + 35 = 77

Range = {42,49,56,63,70,77}

ocabanga44 and 6 more users found this answer helpful

THANKS

4

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(2 votes)

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3 years ago
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