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
USPshnik [31]
3 years ago
10

You plan to invest $350 in a growth fund that has a rate of 1.5% compounded quarterly. How much money will this investment be wo

rth after 50 years?
Mathematics
2 answers:
nydimaria [60]3 years ago
7 0

Answer:

Hey man I know the answer to this question it would be $449.12

Step-by-step explanation: 350*1.005^50= 449.12



Jet001 [13]3 years ago
4 0

Answer:

Principal = $ 350

Quarterly Rate of Interest = 1.5 %

Time =50 years

n=50 × 4=200, as rate of interest is compounded Quarterly.

Amount

    =P(1+\frac{R}{100})^n\\\\=350\times (1+\frac{1.5}{100})^{200}\\\\=350\times (\frac{101.5}{100})^{200}\\\\=350\times ({1.015})^{200}\\\\=350\times 19.6430\\\\=6875.0600

=$ 6875 (Approx)

You might be interested in
Which is an equation of the line through the origin and (-8,-5)?
MakcuM [25]

y =  \frac{5x}{8}

OPTION C is the correct answer.

5 0
2 years ago
Question 31 pts Prove the statement is true using mathematical induction: 2n-1 ≤ n! Use the space below to write your answer. To
Sladkaya [172]

Answer:

P(3) is true since 2(3) - 1 = 5  < 3! = 6.  

Step-by-step explanation:

Let P(n) be the proposition that 2n-1 ≤ n!. for n ≥ 3

Basis: P(3) is true since 2(3) - 1 = 5  < 3! = 6.  

Inductive Step: Assume P(k) holds, i.e., 2k - 1 ≤ k! for an arbitrary integer k ≥ 3. To show that P(k + 1) holds:

2(k+1) - 1 = 2k + 2 - 1

≤ 2 + k! (by the inductive hypothesis)

= (k + 1)! Therefore,2n-1 ≤ n! holds, for every integer n ≥ 3.

4 0
3 years ago
Hana has decided to purchase a new car. She decides to put 15% down and finance the remaining balance. The bank offers Hana a 48
saveliy_v [14]

Answer:

667.38

Step-by-step explanation:

28,000 loan amount

4 years

6.76%

5 0
3 years ago
Two fair dice are rolled<br> What is the SAMPLE SPACE of the possible outcomes?<br> SHOW YOUR WORK!
serg [7]

ANSWER

See sample space below

EXPLANATION

The sample space refers to the set of all the possible outcomes.

When two fair dice are rolled, the possible by outcomes are:

{(1,1),(1,2),(1,3),(1,4),(1,5),(1,6),(2,1),(2,2),(2,3),(2,4),(2,5),(2,6),(3,1),(3,2),(3,3),(3,4),(3,5),(3,6),(4,1),(4,2),(4,3),(4,4),(4,5),(4,6),(5,1),(5,2),(5,3),(5,4),(5,5),(5,6),(6,1),(6,2),(6,3),(6,4),(6,5),(6,6)}

The total number of outcomes is 36.

3 0
3 years ago
Y'all help a bestie out
My name is Ann [436]

Answer:

A is your answer because you would need divide 117 by 6 then add 6.95 to each appetizer to get 26.45.

6 0
2 years ago
Other questions:
  • Use the number line to find the equivalent fraction
    14·2 answers
  • What is the solution to 3|–3x + 9| = –18?
    13·2 answers
  • A 22m ladder and a 20m ladder were leaned against a building. The bottom of the longer ladder was 4m farther from the building t
    5·1 answer
  • What is ​11918​ as a mixed number in simplest form?<br><br> Enter your answer in the box.
    9·2 answers
  • Find the numbers b such that the average value of f(x) = 4 + 10x − 6x2 on the interval [0, b] is equal to 5.
    14·1 answer
  • 3x-2y=7<br>-x+3y=-7<br>What is the simultaneous answer?<br>​
    13·1 answer
  • Half the sum of a number and six is ten
    6·2 answers
  • Analyze the graph below to identify the key features of the logarithmic function.
    6·1 answer
  • Dilation of 2 about the origin
    6·1 answer
  • Write the equation of the mine in fully simplified slope intercept form
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!