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
kifflom [539]
3 years ago
7

After how many years, to the nearest whole year, will an investment of $100,000 compounded quarterly at 4% be worth

Mathematics
1 answer:
Irina-Kira [14]3 years ago
5 0

9514 1404 393

Answer:

  19 years

Step-by-step explanation:

The compound interest formula tells you the future value of principal P invested at annual rate r compounded n times per year for t years is ...

  A = P(1 +r/n)^(nt)

Solving for t, we get ...

  t = log(A/P)/(n·log(1 +r/n))

Using the given values, we find t to be ...

  t = log(2.13022)/(4·log(1 +0.04/4)) ≈ 19.000

The investment will be worth $213,022 after 19 years.

You might be interested in
katie collected 470 cans the first week of the school project. The second week she collected 105 less than the first week. How m
valentinak56 [21]

Answer:

Katie collected 365 cans in the second week.

Step-by-step explanation:

Because Katie collected 470 cans in the first week, and 105 less in the second week, we know to subtract 105 from 470, which gives us 365 cans.

8 0
3 years ago
Suppose that the distribution of typing speed in words per minute (wpm) for experienced typists using a new type of split keyboa
KengaRu [80]

Answer:

a. <u>0.5 or 50%</u>

b. <u>0.496 or 49.6%</u>

c. <u>0.8185 or 81.85%</u>

d. <u>Yes, it would be just 0.0013 or 0.13% of probability to find a typist whose speed exceeds 105 wpm</u>

e. <u>0.0252 or 2.52%</u>

f. <u>The qualifying speed would be 47.4 wpm.</u>

Step-by-step explanation:

a. Let's find the z-score this way:

μ  = 60 σ= 15

z-score = (x - μ)/σ

z-score = (60 - 60)/15

z-score = 0

Now, let's calculate the p value for z-score = 0, using the z-table:

<u>p (z=0) = 0.5 or 50%</u>

b. z-score = (x - μ)/σ

z-score = (59.9 - 60)/15

z-score = -0.01

Now, let's calculate the p value for z-score = -.0.01, using the z-table:

<u>p (z = -0.01) = 0.496 or 49.6%</u>

If the question were less or equal than 60, a and b would have the same answer. But in this case, the question is "less than 60 wpm".

c.

z-score = (x - μ)/σ

z-score = (45 - 60)/15

z-score = - 1

Now, let's calculate the p value for z-score = -1, using the z-table:

p (z = -1) = 0.1587

z-score = (x - μ)/σ

z-score = (90 - 60)/15

z-score = 2

Now, let's calculate the p value for z-score = 2, using the z-table:

p (z = 2) = 0.9772

<u>In consequence,</u>

<u>p (-1 ≤ z ≤ 2) = 0.9772 - 0.1587 = 0.8185 or 81.85%</u>

d. z-score = (x - μ)/σ

z-score = (105 - 60)/15

z-score = 3

Now, let's calculate the p value for z-score = 3, using the z-table:

p (z = 3) = 0.9987

In consequence,

p (z > 3) = 1 - 0.9987 = 0.0013

<u>Yes, it would be just a 0.13% of probability to find a typist whose speed exceeds 105 wpm.</u>

e. z-score = (x - μ)/σ

z-score = (75 - 60)/15

z-score = 1

Now, let's calculate the p value for z-score = 1, using the z-table:

p (z = 1) = 0.8413

In consequence,

p (z > 1) = 1 - 0.8413 = 0.1587

and if the two typists are independently selected, then

p = 0.1587 * 0.1587

<u>p = 0.0252 or 2.52%</u>

f. p = 0.2, using the z-table, the z-score is -0.84, then:

z-score = (x - μ)/σ

-0.84 = (x - 60)/15

-12.6 = x - 60

-x = -60 + 12.6

-x = - 47.4

x = 47.4

<u>The qualifying speed would be 47.4 wpm.</u>

8 0
3 years ago
HELP!!!!!!!!!!!!!!!!!
Nezavi [6.7K]
A. 5^3 * 5^4 = 78,125
4 0
3 years ago
Plz help!!
inysia [295]
<span>1. 5564÷91
I know that 9 * 6 = 56
5564 rounds to 5600
91 rounds to 9
Since 56/9 = 6, then 5600/90 is the same as 560/9 = 60
The estimate is 60

2. </span><span>5391÷25
5391 sounds to 5400
25 is 1/4 of 100.
That means when you divide by 25, you can divide by 100 and multiply by 4.
5400/100 = 54
54 * 4 = 216
Estimate: 216

3. </span><span>explain how to estimate 498÷12
48/12 = 4
498 is little more than 480, so 498/12 is little more than 40

4. </span><span>which is the closest estimate for 2130÷ 33
A.7 B.17 C.70 D.700

2130/33
Round off the numerator and denominator to
2100/30
Reduce the fraction
210/3
Since I know that 21/3 = 7, then 210/3 = 70
Estimate: 70
</span>
8 0
3 years ago
What is 463,462 rounded to the nearest ten?
nignag [31]

Answer: 460,000

your welcome btw

3 0
3 years ago
Other questions:
  • Manipulate the triangle so angle A measures 14° and angle B measures 62°. Which statement is true about angle C? The angle is ac
    10·2 answers
  • Is the number 71 prime or composite? A. Prime B composite Will mark brainiest. Please help me really hard!
    5·1 answer
  • The grass in Jamie's yard grew 16 centimeters in 10 days. It was growing at a constant rate. How many days did it take the grass
    10·2 answers
  • Use the graph below to fill in the blank with the correct number:<br><br> f(0) = _______
    7·1 answer
  • The table list the frozen treats sold at the high school football concession stand by the booster club. The items along with the
    14·2 answers
  • 4x-5x+7-9y+2x+34<br> (Simply)
    15·2 answers
  • In the given right triangle, find the miss length.
    13·2 answers
  • Show that b^2 is greater than equal to or less than ac, according as a, b, c are in A.P., G.P.
    13·1 answer
  • For a test, please and thank you!
    14·1 answer
  • the basketball coach is selecting from nine starters who will be the first three batters how many different batters lineups can
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!