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
Mila [183]
3 years ago
6

Sophia invests $6,100 in a retirement account with a fixed annual interest rate of 3% compounded monthly. What will the account

balance be after 12 years?
Mathematics
1 answer:
yaroslaw [1]3 years ago
7 0

Answer:

FV= $8,739.38

Step-by-step explanation:

Giving the following information:

Initial investment (PV)= $6,100

Number of periods (n)= 12*12= 144

Interest rate (i)= 0.03/12= 0.0025

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

FV= PV*(1 + i)^n

FV= 6,100*(1.0025^144)

FV= $8,739.38

You might be interested in
Thank you so much!!!
vova2212 [387]

Answer:

\fbox{\begin{minipage}{16em}Option D: y = (4/7)x + 8 is correct\end{minipage}}

Step-by-step explanation:

(1) A typical form of equation of a line is:

y = Mx + b

with, M is slope and b is y-intercept.

(2) Another straight line has equation in form of:

y = Nx + c

with N is slope and c is y-intercept

(3) If these two lines are perpendicular, according to the property of two perpendicular lines on the two-dimensional plane, we have:

M x N = -1

(4) Transform the given equation of original line into typical form:

      7x + 4y = -24\\

<=> 4y = -7x - 24

<=>  y = (\frac{-7}{4})x  - \frac{24}{4}

<=> y = (\frac{-7}{4})x - 6

=> M = \frac{-7}{4}

=> N = \frac{-1}{M}  = \frac{-1}{\frac{-7}{4} } = \frac{-4}{-7} = \frac{4}{7}

=> Option D: y = (\frac{4}{7})x + 8 is correct (Slope = \frac{4}{7})

Hope this helps!

:)

4 0
3 years ago
Please help me ~~~~~~~~~~~~
Lena [83]

Answer:

A = <

B = >

C = >

D = >

Step-by-step explanation:

A

5/6 x 7 = 35/6 = 5.83

B

8/7 x 5 = 40/7 = 5.71

C

9/5 x 3 = 27/5 = 5.4

D

12/11 x 6 = 72/11 = 6.54

6 0
3 years ago
Read 2 more answers
Will give brainliest! Please help!!
Lorico [155]

Answer:1.16 to 30 times     2.8 to 30 times     3.less likely to land on c

4.125 times       5.Yes

Step-by-step explanation:The probability is unknown but an educated guess.

3 0
3 years ago
HELP ASAPPPP PLZ N THX U SM
Ahat [919]
I CANR SEE IT that well
3 0
3 years ago
A teacher had 18 red pens if the ratio of red pens to blue pens she owned was 3:5 how many pens did she have in total
babymother [125]

Answer:

48 pens in total.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Commemorative coins come in packs of 15,while coin holders come in packs of 25. What are the least numbers of packs you should b
    6·2 answers
  • What algebraic expression is a polynomial
    9·1 answer
  • The length is 11 inches, width is 4 inches, and the length is 5 inches. What is the volume
    8·2 answers
  • I need help with the white sheet and the blue sheet
    9·2 answers
  • What is g(x) I need your help
    12·1 answer
  • Which Ine has a slope of - 1/2.?<br><br><br> line a<br> line b<br> linec<br> line d
    11·1 answer
  • Evaluate the function?
    11·1 answer
  • When 8 is added to a certain number and the sum is multiplied by 3, the result is 57. Find the number.​
    12·1 answer
  • Need help with this
    11·2 answers
  • PLEASE HELP WILL MARK BRAINLIEST
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!