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
lukranit [14]
2 years ago
11

Suppose your​ friend's parents invest 15,000 in an account paying 7% compounded annually. What will the balance be after 5 ​year

s?(round to the nearest cent as needed)
Mathematics
1 answer:
meriva2 years ago
6 0

Answer:

FV= $21,038.28

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $15,000

Interest rate (i)= 7% compounded annually

Number of periods (n)= 5

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV*(1 + i)^n

FV= 15,000*(1.07^5)

FV= $21,038.28

You might be interested in
A 10-metre long pipe is cut into 2 pieces. One piece is 5 times the length of the other piece. Find the length of each piece, en
elena55 [62]

9514 1404 393

Answer:

  1.67 m, 8.33 m

Step-by-step explanation:

If the ratio of lengths is 1 : 5, then the ratio of the shortest length to the total is ...

  1 : (1+5) = 1 : 6

The shortest length is (10 m)×(1/6) = 1.67 m. The longer length is 10 -1.67 = 8.33 m.

The lengths of the pieces are 8.33 m and 1.67 m.

6 0
3 years ago
What is b<br> b+12=26 <br> 38<br> 24<br> 14<br> 10
gregori [183]

Answer:

b=14

Step-by-step explanation:

have a nice day and stay safe:)

3 0
2 years ago
Read 2 more answers
In a bag there are 3 red marbles, 2 yellow marbles, and 1 blue marble. What are the odds of a yellow marble being selected on th
Tju [1.3M]

Answer:

1:3

Step-by-step explanation:

To find the probability of selecting a certain type of item from a collection, simply divide the number of items of that type by the total number of items.

There are 3 + 2 + 1  = 6 marbles in total. There are 2 yellow marbles, so the probability of choosing a yellow marble on the first draw is 2/6. This can be further simplified to 1:3.

5 0
3 years ago
Read 2 more answers
Anna's math test grade was 7 points less than her science test grade. The average grade was 91.5%. What did she get on each test
denis23 [38]

Answer:

84.5%

Step-by-step explanation:

6 0
3 years ago
a researcher at a major clinic wishes to estimate the proportion of the adult population of the united states that has sleep dep
Anna11 [10]

Answer:

The estimate of a population proportion is approximately 541.

Step-by-step explanation:

We can solve the the problem by using the formula for minimum sample needed for interval estimate of a population proportion which is given by the formula

n = pq ((Z/2) / E)^2

As, p is not defined so we use the standard p and q which is 0.5 and 0.5.

The reason for this is we have to choose form 0.1 to 0.9 both values of p and q, we will find the maximum value of pq occurs when they both are 0.5.

Next, we will find the value of (Z/2) by looking at the Z-table, we will find that at 98% confidence (Z/2) = 2.326. Now we start substituting the values in the above formula

n = (0.5)×(0.5) × (2.326/0.05)^2

n = 541.027

n ≅ 541.

5 0
3 years ago
Other questions:
  • A bag contains cars numbered from 1 to 14. Find the Probability of:
    15·1 answer
  • A large employer gives each new hire an aptitude test, which is scored from 1 to 20. Let T be a worker's score on the test. The
    11·1 answer
  • Which of the following represents the factorization of the trinomal below
    10·2 answers
  • What is the measure of angle A?
    14·1 answer
  • A nurse starts at the hospital and travels to 5 appointments along a road. The positive numbers stand for going East. The negati
    9·1 answer
  • Shown below is a muffin recipe that yields 36 muffins FAST you can get 99
    11·2 answers
  • NEED HELP ASAP WILL GIVE BRAINLY
    5·2 answers
  • If cos a= 0.93. Sin 0 =0.26, and tan ß = 0.84, find a + B + 0.
    14·1 answer
  • Name the marked angle in 2 different ways.
    9·1 answer
  • Round 4,615 to the nearest thousand
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!