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
Temka [501]
3 years ago
5

The manager of a technology store wants to save $20,000 in 3 years to make a down payment on a condominium. How much (in dollars

) does the manager need to invest at the beginning of each week into an account that earns 7.25% interest compounded weekly
Mathematics
1 answer:
Bogdan [553]3 years ago
3 0

Answer:

<h2>$16,104.35</h2>

Step-by-step explanation:

the expression for compound interest is given as

A = P(1 + \frac{r}{n})^{nt}

A=$20,000

P=?

r=7.25%=0.0725

n=52 weeks

t=3 year

20000= P(1 + \frac{0.0725}{52})^{52*3}\\\\20000= P(1 + \frac{0.0725}{52})^{156}\\\\20000= P(1 +0.00139)^{156}\\\\20000= P(1.00139)^{156}\\\\20000=1.2419P\\\\P=20000/1.2419\\\\P=16104.35\\

the manager need to invest $16,104.35

You might be interested in
Can someone give me a answer key for Vocabulary Test Course 1 Chapter 4 Multiply and Divide Fractions​
serg [7]

Answer:https://quiz.let.com/216018638/course-1-chapter-4-multiply-divide-fractions-6ns1-6rp3-3d-flash-cards/

remove the period between quiz and let but there is a quizlet on it

Step-by-step explanation:

5 0
3 years ago
What ordered pair is represented by the plotted point?
bezimeni [28]
B. (-7,4)
hope it helps
4 0
3 years ago
Read 2 more answers
If each side of a square grows 6 mm, the area of ​​the square is multiplied by 16. How long are the sides of the original square
Phoenix [80]

Answer:

2 mm

Step-by-step explanation:

Let x be the sides of the original square,

then the area of the original square is x^2

The sides of the new square is x + 6

The area is (x + 6)^2

Then (x + 6)^2 = 16*x^2

Take square root on both sides and get

x + 6 = 4x,

3x = 6

so x = 2 mm

3 0
2 years ago
A recipe calls for 1 ½ cups of flour, 2/3 cup of white sugar, and 1/3 cup of brown sugar. The recipe makes 6 servings. A) How ma
Goryan [66]
<span>A) How many cups of flour are there per serving? 

</span>1 ½ cups of flour --------<span>6 servings
?     cups of flour ------- 1 serving

      </span>1 ½ 
------------ 
        6 

= 3/2 x 1/6
= 1/4

answer: 1/4 cups of flour per serving

<span>B) how many total cups of sugar(white and brown) are there per serving?
</span>total white and brown: <span>2/3 + 1/3 = 3/3 = 1 cups (combine)

1 cup of sugar (white and brown) </span>--------6 servings
? cups of sugar (white and brown) ------ 1 serving

  1
-----  = 1/6
  6
answer: 1/6 cups of sugar (white and brown) per serving

<span> (c) Suppose you modify the recipe so that it makes 9 servings. How much more flour do you need for the modified recipe than you need for the original recipe?
</span>
3/2  cups of flour --------6 servings
? cups of flour -----------9 servings


  9 * 3/2             
-----------  
      6

= (13 1/2) / 6
= 2 1/4

2 1/4 ( 9 servings) - 1 1/2(6 servings) = 3/4 cups

answer: you need 3/4 more cups of flour

6 0
3 years ago
Read 2 more answers
What are the solution points for the system graph?
JulsSmile [24]

The solution points to the system graph are (–2,–4) and (4,8). Therefore, option A is correct.

We need to find the solution to the given function.

<h3>How to find the solution to the function from the graph?</h3>

The solution of such a system is the ordered pair that is a solution to both equations. To solve a system of linear equations graphically we graph both equations in the same coordinate system. The solution to the system will be at the point where the two lines intersect.

From the given graph we can see that the two functions are intersecting at (–2,–4) and (4,8).

The solution points to the system graph are (–2,–4) and (4,8). Therefore, option A is correct.

To learn more about the solution points for the system graph visit:

brainly.com/question/16339562.

#SPJ1

7 0
2 years ago
Read 2 more answers
Other questions:
  • One of the first steps in calculating the paired-­samples t statistic is:
    5·1 answer
  • Name the vertex and sides of each angle
    11·1 answer
  • Determine whether the value is a discrete random​ variable, continuous random​ variable, or not a random variable.
    15·1 answer
  • Numbers like 10 100 and 1000 and so on are called
    11·1 answer
  • Isaiah helped pick 72 bananas on the weekend. There were a total of 6 people picking bananas. If they each picked an equal numbe
    12·2 answers
  • Does anyone know the answer to this??? Please help
    9·1 answer
  • Actually answer plzzz
    14·2 answers
  • You decide to purchase a used car for $14,000. You have to take out a loan from the bank. If your loan is compounded semi-annual
    12·1 answer
  • How do you know if a probability is significantly high or significantly low?
    15·1 answer
  • Simplify the expression. What classification describes the resulting polynomial?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!