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Natali [406]
3 years ago
11

Tony wants to put $318,000 in his retirement savings account. It earns an interest rate of 7.1% compounded quarterly. He wants t

o determine how much he will have in the account after 5 years, even if he makes no additional contributions or withdrawals to the account
A. $448099.52
B. $347242.34
C. $452115.44
D. $341186.28
which answer correct
Mathematics
1 answer:
Zanzabum3 years ago
8 0

Answer:

C. $452115.44

Step-by-step explanation:

To solve this, we will follow the steps below;

first write down the formula for  compound interest

A= P [ 1 + \frac{r}{n}]^nt

where A is the ending amount

P represent the principal

r represent the interest rate

n represent the number of compounding a year

t represent the time {in years)

from he question above

p= $318 000

r = 0.071

n = 4  since is quarterly

t= 5

we can now proceed to insert the values into the formula

A= P [ 1 + \frac{r}{n}]^nt

  =318 000 [1+\frac{0.071}{4}] ^4(5)

  = $318 000 [1+\frac{0.071}{4}] ^20

   =$318 000 [1+0.01775] ^20

    = $318 000 [1.01775] ^20

     =$318 000× 1.421747

      ≈$452 115.44

He will have $452 115.44 in the account

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Convert <br>431 base 10 divided by 112base 10 Then u should convert the final answer to base 5​
Rainbow [258]

Answer:

32115

Step-by-step explanation:

Step1

Converting 431 to base 10.

4*102=400

3*101=30

1*100=1

Adding all to get Ans=43110

Step2 converting 43110 to 5

The equation calculation formula for 43110 number to 5 is like this below.

5|431

5|86|1

5|17|1

5|3|2

5|3|3

Ans:32115

5 0
3 years ago
Mal is putting money into a savings account. She starts with $350 in the savings account, and each week she adds $30.
Bogdan [553]
S=350+(30*w)
so
350+(30*19)=920
4 0
3 years ago
Read 2 more answers
The measure of angle 1 is 65 degrees. What are the measures of the other seven angles? (Enter the
Anika [276]

Answer:

See solution below

Step-by-step explanation:

According to the diagram shown

m<1 = m<5 = 5=65 degrees (corresponding angle)

m<5 = m<4 - 65 degrees (alternate interior angle)

m<9 = m<8 = 65degrees (corresponding angle)

m<5 = m<8 = 65dgrees (vertically opposite angles)

m<6+m<8 = 180

m<6 + 65 = 180

m<6 = 180 - 65

m<6 = 115degrees

m<2 = m<6 = 115degrees (corresponding angles)

m<6 = m<7 = 115degrees (vertically opposite angles)

m<3 = m<7 = 115degrees(corresponding angle)

)

3 0
3 years ago
<img src="https://tex.z-dn.net/?f=3x%20%5E%7B2%7D%20%2B%2010x%20%2B%208" id="TexFormula1" title="3x ^{2} + 10x + 8" alt="3x ^{2}
r-ruslan [8.4K]

if we're factoring you can use the AC method. A multiplied by C is 24. and 4x6 is 24.

(x+4)(x+6) is your answer

8 0
3 years ago
42=-2d+6 I need help
sineoko [7]
<span>42=-2d+6

Here, to find d, you need to separate it on one side.
First, subtract 6 from both sides.

42-6 = -2d + 6 - 6
36 = -2d

Now divide both sides by -2.

36/-2 = -2/-2d
-18 = d

The answer to this problem is -18, or d = -18.</span>
5 0
3 years ago
Read 2 more answers
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