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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
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URGENT: PLEASE HELP!
vazorg [7]

To solve this problem, we are going to set up an equation. However, first we need to convert the percentages to decimals by dividing by 100.

15% = 0.15 , 7.5% = 0.075

Now, we should substitute in our given information into our equation and let our unknown value be equal to the variable x.

0.15(500) = 0.075x

Then, we should simplify our equation by multiplying together the two factors on the left side of the equation.

75 = 0.075x

Finally, we should divide both sides of the equation by 0.075 to get the variable x alone.

x = 1000

Therefore, your answer is 1000.

Hope this helps!

4 0
3 years ago
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Dvinal [7]

Answer:

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Step-by-step explanation:

5 0
2 years ago
I need to find surface area of a cylinder. Formula being used: S.A= L x W +
Arturiano [62]

Answer:

90π yd²

Step-by-step explanation:

the surface area of a cylinder is the sum of the lateral area and twice the aera of one end of the cylinder:  π·d·l, where l represents the length of the cylinder.  Here, the lateral surface area is π·6 yd·12 yd, or 72π yd².

The two ends add the following to the total surface area:

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Thus, the total surface area of the cyl. is

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Note:  Please check your source.  L x W +  2pi ·r ^2 is incorrect.

5 0
3 years ago
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kvv77 [185]

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Note that when two variables are placed directly next to each other, you are multiplying

plug in 4 for both m and p

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Multiply

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Add

16 + 4 = 20

20 is your answer

hope this helps

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3 years ago
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UkoKoshka [18]

Answer:

4.5 pounds of ground beef

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3 years ago
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