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Shalnov [3]
3 years ago
15

George deposits $3,500 at 3.25% interest compounded monthly. What will his ending balance be after 5 years?

Mathematics
1 answer:
kkurt [141]3 years ago
4 0

Answer:

FV= $4,117.1

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $3,500

Number of periods= 5*12= 60 months

Interest rate (i)= 0.0325/12= 0.00271

<u>To calculate the Future Value, we need to use the following formula:</u>

FV=PV*(1+i)^n

FV= 3,500*1.00271^60

FV= $4,117.1

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Anika [276]

Answer:

(3, -3)

Step-by-step explanation:

Use the midpoint formula.

x = (x₁ + x₂) / 2

-1.5 = (-6 + x) / 2

-3 = -6 + x

x = 3

y = (y₁ + y₂) / 2

1 = (5 + y) / 2

2 = 5 + y

y = -3

The other endpoint is (3, -3).

Graph: desmos.com/calculator/aze920ns2h

3 0
3 years ago
Without using your calculator, decide which of these is larger: log8 62 or log7 50. How confident are you of your answer? Explai
nataly862011 [7]

Answer:

Step-by-step explanation:

log8 62 = x1

8^x1= 62

8^2 =64 >62 so <u>x1<2</u>

log7 50=x2

7^x2=50

7^2=49<50 so <u>x2>2</u>

we have, x1<2  and 2<x2

x1<2<x2

x1<x2

log8 62<log7 50

6 0
3 years ago
What is the absolute value of -1+3i
Ierofanga [76]

Answer:

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Step-by-step explanation:

4 0
3 years ago
Name the addition property illustrated by each of the following examples:
polet [3.4K]

Answer:

1.associative property of addition

2.commutative property of addition

3.additive inverse

4.additive identity

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
At Taylor Street School, 40% of the students bought lunch in the cafeteria today. Of the students who bought lunch in the cafete
leva [86]

Answer:

  Probability that she or he bought lunch in the cafeteria and chose pizza as an entree = 12/100 =0.12 = 12%

Explanation:

  Let number of students be 100.

  At Taylor Street School, 40% of the students bought lunch in the cafeteria today

 Number of students bought lunch = 100 x 40/100 = 40

 Of the students who bought lunch in the cafeteria today, 30% chose pizza as their entree

 Number of students bought pizza = 40 x 30/100 = 12.

 Probability of an outcome = Number of favorable outcome/ Total number of outcome

 Probability that she or he bought lunch in the cafeteria and chose pizza as an entree = Number of students bought pizza/Total number of students

        = 12/100 =0.12 = 12%

  Probability that she or he bought lunch in the cafeteria and chose pizza as an entree = 12/100 =0.12 = 12%

4 0
3 years ago
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