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
vlada-n [284]
3 years ago
14

You want to go to grad school 4 years from now, and you can save $5,000 per year, beginning one year from today. you plan to dep

osit the funds in a mutual fund which you expect to return 10% per year. under these conditions, how much will you have just after you make the 4th deposit, 4 years from now?
Mathematics
1 answer:
lara [203]3 years ago
8 0
The value of the final deposit is 5000. The value of the one a year previously is 5000*1.1 = 5500. The one previous to that has a value of 5000*1.1^2 = 6050. The first deposit has a value of 5000*1.1^3 = 6655.

The total value of the 4 deposits is
.. 6665 +6050 +5500 +5000 = 23,205

You will have $23,205 just after you make the 4th deposit.

_____
This is the sum of 4 terms of a geometric sequence with common ratio 1.1 and initial value 5000. That can be calculated as
.. a0*(r^n -1)/(r -1)
.. 5000*(1.1^4 -1)/(1.1 -1)
.. = 5000*4.641
.. = 23,205
You might be interested in
Examples of geometric transformations can be found throughout the real world. Think about some places where you might use or see
lina2011 [118]

Answer:

We know that there are four types of geometric transformations namely translation, reflection, rotation and dilation.

1. Translation: It is a rigid transformation that moves the objects in any direction. Few examples of translation we see in real life are:

A. When we move furniture in the house from one place to another.

B. The position of a car on the road is an example of translation.

C. When we changes the places of pieces on the chessboard.

2. Reflection: is a rigid transformation that flips the object. It can be easily observed in real life in the following ways:

A. The reflection of light from any object is the most easily viewed example of reflection.

B. Looking at yourself in the mirror is because of reflection.

C. When we can see our faces through clear water is also because of reflection.

3. Rotation: It is a rigid transformation that turns the object to a certain degree. The few examples of rotation are:

A. Opening of the door to a certain angle.

B. The spinning of Earth, Sun and other planets.

C. The moving of the hands of the clock is an example of rotation.

4. Dilation: It is a rigid transformation that changes the shape of the object. It's few examples are:

A. Enlarging the image on a computer.

B. Blowing air in the balloon to make it large.

C. Miniature version of buildings that are in proportion to the actual size of the buildings.

Hence, the transformations can be easily observed in real life.

5 0
3 years ago
A florist delivers flowers to anywhere in town. D is the distance from the delivery address to the florist shop in miles. The co
Inessa [10]

A. C (6) = 15.24; C 11 = 22.09.

C (6) represents the cost, $15.24, of delivering flowers to a destination that is 6 miles

from the shop.

C (11) represents the cost, $22.09, of delivering flowers to a destination that is 11 miles

from the shop.

b.

8 0
3 years ago
Read 2 more answers
It takes a racecar 47 seconds to complete one lap on a 3,200-meter track. What is the racecar's average speed during the lap? A.
Trava [24]
The answer is (B) hope it helps
6 0
3 years ago
if you shop in chicago, Illinois, the state sales tax is 9 1/4% what is your total cost when you purchase a $5.00 map of the cit
NNADVOKAT [17]
1.) 1 ÷ 4 =0.25 + 9= 9.25

2.) 9.25 + 5.00 = 14.25
7 0
3 years ago
I guess no one is helping anymore?
ryzh [129]

Answer:

I guess so.........................................................

8 0
3 years ago
Read 2 more answers
Other questions:
  • A car leaves Albany , NY And travels west towards buffalo, NY. The equation D=280 - 59t can be used to represent the distance, D
    12·1 answer
  • Find the diameter of a circle whose equation is
    10·1 answer
  • Solve linear equation 7+2x=4x-3​
    8·1 answer
  • BRAINLIEST to wherever gets this correct ​
    15·1 answer
  • Colin buys a tv for £740. It depreciates at a rate of 4% per year. How much will it be worth in 5 years? Give your answer to the
    10·1 answer
  • Help me pls pls pls
    13·1 answer
  • Solve: (19 + 1^5) / 1/2 +5
    15·1 answer
  • There are 1000 meters in a kilometer. How far is the distance between Earth and
    11·1 answer
  • On a softball field, home plate is 43 feet from the pitcher’s mound. A ball is hit at an angle of 27° east of the pitcher’s moun
    8·2 answers
  • Can you solve this anyone?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!