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natita [175]
3 years ago
7

Nazerhy deposits $8,000 in a certificate of deposit. The annual interest rate is 6%, and the interest will be compounded monthly

. How much will the certificate be worth in 10 years?
Round your answer to the nearest cent.
Do NOT round until you calculate the final answer
Mathematics
1 answer:
Likurg_2 [28]3 years ago
4 0

Answer:

A=\$14,555.17

Step-by-step explanation:

we know that    

The compound interest formula is equal to  

A=P(1+\frac{r}{n})^{nt}  

where  

A is the Final Investment Value  

P is the Principal amount of money to be invested  

r is the rate of interest  in decimal

t is Number of Time Periods  

n is the number of times interest is compounded per year

in this problem we have  

t=10\ years\\ P=\$8,000\\ r=6\%=6/100=0.06\\n=12  

substitute in the formula above

A=8,000(1+\frac{0.06}{12})^{12*10}  

A=8,000(1.005)^{120}  

A=\$14,555.17

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Which value cannot represent the probability of an event occurring?
andrew-mc [135]

Answer:

1.1

Step-by-step explanation:

1 in probability means always so anything greater than 1 is meaningless

6 0
3 years ago
Please help me( '人' )​
love history [14]

Answer:

S(1,2)

Step-by-step explanation:

The value that is being altered is the y value if you go from Q to T and then T to S. The x value = 1 and remains the same for point S.

To go from Q to T, you go from 8 to 5 on the y value. Remember x remains the same. That's three units (8 - 5 = 3)

To go from T to S must be 3 units as well, since the small diagonal is bisected. 5 - 3 = 2 is the answer.

So point S is noted as S(1,2)

4 0
1 year ago
when camping alone , mr adam uses all of the water in 12 days, then when mrs adams and mr adams camp together they use all of th
professor190 [17]

Using the together rate, it is found that if Mrs Adams camps alone, she will use all the water in 24 hours.

<h3>What is the together rate?</h3>

The together rate is the sum of each separate rate.

In this problem, the rates are:

  • Together: 1/8.
  • Mr Adam: 1/12.
  • Mrs Adams: 1/x.

Hence:

\frac{1}{12} + \frac{1}{x} = \frac{1}{8}

\frac{x + 12}{12x} = \frac{1}{8}

12x = 8x + 96

4x = 96

x = \frac{96}{4}

x = 24

If Mrs Adams camps alone, she will use all the water in 24 hours.

More can be learned about the together rate at brainly.com/question/25159431

6 0
2 years ago
What is the value of the following expression?2 x [(12 + 2) x 5] + 32 divided by 2 number on top right 3
a_sh-v [17]

The value of the expression is 141.5

Explanation:

The expression is $2 \times[(12+2) \times 5]+\frac{3}{2}$

The value of the expression can be determined using the rule PEMDAS.

According to the PEMDAS rule, first we need to perform the operation which is within the parenthesis.

Thus, the expression becomes,

$2 \times(14 \times 5)+\frac{3}{2}$

Multiplying the values within parenthesis, we have,

$2 \times70+\frac{3}{2}$

Using PEMDAS, we need to multiply the numbers.

$140+\frac{3}{2}$

Again using PEMDAS rule, divide the number,

140+1.5

Finally, using PEMDAS, let us add the values, we have,

141.5

Thus, the value of the expression is 141.5

7 0
2 years ago
What is the probability of rolling a 6 sided die and getting a 4 or a number divisible by 3. A) 1/3 B) 1/18 C) 2/3 D) 1/2
KATRIN_1 [288]
Let 
Event A = rolling a 4 on a single die
Event B = rolling a number divisible by 3 (3 or 6) on a single die

There are three outcomes possible in total if either event A happens or event B happens. This is out of six outcomes total.

Divide the values and reduce: 3/6 = 1/2

Final Answer: Choice D) 1/2
6 0
3 years ago
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