If you invest $18000 at an interest rate of 6.7%, compound quarterly, find the time needed for your investments to be worth $23,000

Answers

Answer 1

It will take approximately 5.5 years for the investment to be worth $23,000

Compound interest

From the question, we are to determine when the investments will worth $23,000

Using the compound interest formula,

[tex]A = P (1+\frac{r}{n})^{nt}[/tex]

Where A is the amount

P is the principal

r is rate

n is the number of times it is compounded

and t is the time in years

From the given information,

A = $23000

P =$18000

r = 6.7%

n = 4

t = ?

Putting the parameters into the formula, we get

[tex]23000 = 18000(1+\frac{6.7}{100 \times 4})^{4t}[/tex]

[tex]\frac{23000}{18000} = (1.01675)^{4t}[/tex]

[tex]1.4375= (1.01675)^{4t}[/tex]

[tex]1.4375 = (1.0687)^{t}[/tex]

t = 5.46

t ≅ 5.5 years

Hence, it will take approximately 5.5 years for the investment to be worth $23,000

Learn more on Compound interest here: https://brainly.com/question/24924853

#SPJ1


Related Questions

What must be a factor of the polynomial function f(x) graphed on the coordinate plane below? on a coordinate plane, a parabola opens up. it goes through (0, 3), has a vertex at (3.5, 3), and goes through (6, 0). x – 3 x – 1 x 1 x 3

Answers

The factor of the polynomial function f(x) graphed on the coordinate plane below is x - 1 , Option B is the right answer.

What is a Polynomial Function ?

A function in which there is only positive exponents to the variables are called polynomial function.

The missing image is attached with the answer.

It is given in the question

on a coordinate plane, a parabola opens up. it goes through (0, 3), has a vertex at (3.5, 3), and goes through (6, 0)

The zeroes of the polynomial function are the points at which the curve will cut x axis

For the given graph,

the curve cuts the x-axis at x = 1 and x = 6

the  factors will be x - 1 and x - 6

Therefore, a factor of the polynomial function f(x) graphed on the coordinate plane below is x - 1 , Option B is the right answer.

To know more about Polynomial Function

https://brainly.com/question/12976257

#SPJ1

Answer:

B

Step-by-step explanation:

B

In a track field competition, A discus has a radius of 11 centimeters. What is the circumference, I centimeters, of the discus?

Answers

Given the radius of the discus used in the track field competition, the circumference of the discus is 69.08cm.

What is the circumference of the discus?

Note that; a circumference is the perimeter of a circle or ellipse.

It is expressed as C = 2πr

Where r is the radius and π is the constant pi ( π = 3.14 )

Given that;

Radius of the discus r = 11cmCircumference C = ?

C = 2πr

C = 2 × 3.14 × 11cm

C = 69.08cm

Therefore, given the radius of the discus used in the track field competition, the circumference of the discus is 69.08cm.

Learn more about circumference and area circles here: brainly.com/question/11952845

#SPJ1

Cara is a high school student. On average, there are 26 students per class at her school, with a standard deviation of 3 students. What percentage of classes at Cara's high school will have between 20 students and 35 students?

A. 0.15%
B. 97%
C. 99%
D. 0.3%

Answers

Answer:

B. 97%

Step-by-step explanation:

20 students is -2 standard deviations away from the mean

35 is +3 standard deviations away from the mean

100 - 2.4 = 97.6

(2.4 is amount of data we are not using)

please refer to the standard deviation graph attached :)

Solve the percent proportion. 7 is 35% of what number?

Answers

Answer:

35 ×x =7

100

35x=7

100

35x=700

35 35

x = 20.

HOPE IT HELPS,BRAINLIESTPLEASE

Solve |5x + 15| = 10x. Identify the solution and an extraneous solution.
A. Solution: x= 3; extraneous solution: x=-3
B. Solution: x= 3; extraneous solution: X=-1
c. Solution: x= 1; extraneous solution: X=-3
D. Solution: ×= -1; extraneous solution: X=3

Answers

If 5x + 15 ≥ 0, then |5x + 15| = 5x + 15. The equation reduces to

5x + 15 = 10x

15 = 5x

x = 3

If instead 5x + 15 < 0, then |5x + 15| = -(5x + 15), and the equation becomes

-5x - 15 = 10x

-15 = 15x

x = -1

If x = 3, then |5x + 15| = 30 and 10x = 30, so x = 3 is a valid solution.

If x = -1, then |5x + 15| = 10 while 10x = -10, so x = -1 is the extraneous solution.

Let f(x)=(18)3^x. find the equation of the line between the points (-2,f(-2)) and (1,f(1))

Answers

[tex]\text{Given that,} \\\\f(x) = 18 \cdot 3^x \\\\f(-2) = 18 \cdot 3^{-2} = 2\\\\f(1) = 18 \cdot 3^1 = 54\\ \\\text{So,}~ (x_1,y_1) = (x_1, f(-2)) = (-2,2) ~\text{and}~ (x_2,y_2) = (x_2, f(1)) = (1,54)\\ \\\text{Slope,}~ m = \dfrac{y_2 -y_1}{x_2 -x_1} = \dfrac{54-2}{1+2} = \dfrac{52}3 \\\\[/tex]

[tex]\text{Equation of line,}\\\\~~~~~~~y - y_1 = m (x-x_1)\\\\\\\implies y-2 = \dfrac{52}3(x+2)~~~~~~~~~~~;[\text{Point-Slope form.]} \\\\\\\implies y-2 = \dfrac{52}3x + \dfrac{104}3\\\\\\\implies y = \dfrac{52}{3}x + \dfrac{104} 3 +2\\\\\\\implies y = \dfrac{52}3 x +\dfrac{110}3 ~~~~~~~~~~~~~~~;[\text{Slope -Intercept form}][/tex]

anyone know the answer?​

Answers

Answer:

I think it could be A

Step-by-step explanation:

Not 100% sure tho

p and q are rational numbers which of the following expression cannot be used to find the distance between them on the number line

Answers

The expression that cannot be used to find the distance between them on the number line is |p + q|.

How to depict the infomation?

p and q are rational numbers. Which of the following expressions cannot be used to find the distance between them on the number line.

A. |p - q|

B. |p + q|

C. |q + (-p)|

D. |q - p|

Rational number is a number that can be represented as the quotient p/q of two integers such that q ≠ 0.

Here, the expression that cannot be used to find the distance between them on the number line is |p + q|.

Learn more about rational numbers on:

https://brainly.com/question/12088221

#SPJ1

The volume of this triangular prism is 95,030 cubic inches. What is the value of m?
85 in
86 in
m =

Answers

Answer:

About 28 inches

Step-by-step explanation:

See attached image. Remember that Volume of a prism can be found by multiplying the area of the side face, by the depth.

Our side face is the shape of a triangle, and the depth is the unknown, m.

Solve the area of the triangle

Divide the volume by the area of the triangle to find our depth

find the radius of a circle with a circumference of 59 yards round your answer to the nearest hundredth of a yard

Answers

Answer:

9.39

Step-by-step explanation:

[tex]\frac{C}{2\pi } =R[/tex]

[tex]\frac{59}{6.28}[/tex]= 9.39

10, 5, 5/2 Find the 6th term.

Answers

Answer:

Hey there!

Arithmetic sequences are made up of terms that are added or subtracted, and geometric sequences are made up of terms that are multiplied or divided.

Given this info, we can see that we go from 10 to -5. Because we know that this is geometric, we see that we must divide by -2 in our sequence.

We can see that this is true because -5/-2=5/2.

Now, we could simply continue dividing by negative two to get our answer, which is -5/16.

You could easily do that with a calculator, but if you had to find a term that was farther from the first term, that would take forever to do with a calculator, so there is an equation that you can use and plug in your numbers to find the answer quickly.

, where  is the number of term in the sequence (6 in this problem), a is the first term of the sequence (10), and r is the common ratio (-1/2).

I hope this helps!

Step-by-step explanation:

Tyshawn went shopping for a new pair of pants. Sales tax where he lives is 6%. The price of the pair of pants is $49. Find the total price including tax. Round to the nearest cent.

Answers

The total price of new pair of pants including tax will be $ 51.94.

What is the percentage?

Everything is stated as if it was a fraction of a hundred in quantity.

Tyshawn went shopping for a new pair of pants.

Sales tax where he lives is 6%.

The price of the pair of pants is $49.

Then the total price of new pair of pants including tax will be

Total cost = 49 x (1 + 0.06)

Total cost = 49 x 1.06

Total cost = $ 51.94

More about the percentage link is given below.

https://brainly.com/question/8011401

#SPJ1

4/9 of students at a school are boys. If there are 2322 students at the school, how many are girls?

Answers

1290 girls

If number of boys is 4/9 then number of girls must be 5/9 (of course this is assuming there are no non-binary people). Then just multiple 5/9 * 2322 and you get 1290 girls

What is the length of HI? (Giving 40 points please hurry!)​

Answers

The length of HI IS 3 since 9-6 is 3

Answer: Hope this helps you!

3

Step-by-step explanation:

9 (total amount) - 6 (1 part of it) = 3 (the other part of it)

Brainliest?

honestly so confused

Answers

Answer:

The first part put 6

second, put 2

third put 1

Step-by-step explanation:

it was just asking for the number, not anything else, so you would just add like terms.

and could u pls put me as the brainliest

Will be marked barinliest if correct

Answers

Answer:

12

Step-by-step explanation:

Using the very helpful diagram, you can simply count the number of items on the far right. So 6 combinations with cola and 6 combinations with juice together equal 12 total combinations.

Answer:

How to answer this?

Step-by-step explanation:

Which of the following can be used to find the sum of the interior angles for
any regular polygon?
A. Multiply the number of sides by 180
B. Add 1 to the number of sides and multiply the sum by 180
OC. Divide the number of sides by 180
D. Subtract 2 from the number of sides and multiply the difference by
180

Answers

D. Subtract 2 from the number of sides and multiply the difference by 180

Mi papa es el gerente de una empresa donde se fabrican 20 televisores de cada una de las siguientes medidad 20 26 32 37 y 40 pulgadas para el aniversario de la empresa rifaran entre sus 10 empleados dos televisores de 36 pulgadas y uno de 32 pulgadas

1- que probabilidad hay de que en la rifa obtengan una de 40 pulgadas?
2-Que probabilidad hay de que un empleado obtenga una television en la rifa
3-que cantidad de televisores maquila cada empleado

Answers

De acuerdo a la información, se puede inferir que la probabilidad de cada empleado para ganarse un televisor es de 0.3. Por otra parte, la cantidad de televisores que maquilla cada empleado es 2.

¿Cómo calcular la probabilidad de cada empleado de ganarse un televisor?

Para calcular la probabilidad de cada empleado de ganarse un televisor utilizamos la siguiente formula:

P (probabilidad) = (casos favorables)/(casos posibles).

De acuerdo a la formula, solo tenemos que remplazar los valores, el número de casos favorables es 3 debido a que hay 3 televisores en total el sorteo, y el número de casos posibles, es 10 debido a que 10 empleados están participando en la rifa, como se muestra a continuación:

P = 3 ÷ 10P = 0.3

¿Cómo calcular cuántos televisores maquilla cada empleado?

Para calcular cuántos televisores maquilla cada empleado debemos tener en cuenta que la empresa produce 20 televisores y que tiene 10 empleados. Entonces tenemos que dividir el numero de televisores en el número de empleados como se muestra a continuación:

20 ÷ 10 = 2

Aprenda más sobre división en: https://brainly.com/question/22698489

#SPJ1

What is the lowest common denominator of the following set of fractions:1/6, 13/27, 4/5, 3/10, 2/5?

Answers

The lowest common denominator of the set of fractions 1/6, 13/27, 4/5, 3/10, 2/5 is 270.

What is lowest common denominator?

The lowest common denominator of LCD is least common multiple of denominators of the fractions.

given fractions:

1/6, 13/27, 4/5, 3/10, 2/5

taking the Prime factorization of denominator of the fractions

6 = 2x3x1

27 = 3x3x3x1

5 = 5x1

10 = 2x5x1

5 = 5x1

Therefore, lcm is 2x3x3x3x5 = 270

so, LCD is 270

Learn more about lowest common denominator here-

brainly.com/question/238567

#SPJ1

One force of 700 pounds and one force of 490 pounds act on a body at the same point so that the resultant force is 1120 pounds. find the angle between the resultant and the smaller force, to the nearest degree.

Answers

Answer:

angle 700 < angle 1120 pounds

what is 15/56 in simplest form

Answers

Answer:

15/56

Step-by-step explanation:

15 and 56 have a GCF of 1.

hich are correct representations of the inequality –3(2x – 5) < 5(2 – x)? Select two options.

x < 5
–6x – 5 < 10 – x
–6x + 15 < 10 – 5x
A number line from negative 3 to 3 in increments of 1. An open circle is at 5 and a bold line starts at 5 and is pointing to the right.
A number line from negative 3 to 3 in increments of 1. An open circle is at negative 5 and a bold line starts at negative 5 and is pointing to the left.

Answers

the answer is 4567
explenation just because

need answer asap!!!!!

how would i solve this?

Answers

The height of the building to the nearest tenth of a meter is; 13 m

How to make use of Cosine Rule?

The slant line from the top of Trevor's head to the base of the building is gotten from Pythagoras theorem;

15/x = sin 36°

x = 15/sin 36

x = 25.52 m

Angle between that slant line and base of building is;

90 - tan⁻¹(1.5/14) = θ

θ = 83.88°

Remaining angle of the bigger triangle is;

180 - (36 + 83.88) = 60.12°

Thus, if the height of the building is h, then;

h/sin 36 = 25.52/sin 60.12

h = 13 m

Read more about Cosine Rule at; https://brainly.com/question/4372174

#SPJ1

Find the third, fourth, and tenth terms of the sequence describe by the rule below
A(n)=3+(n-1)(-2)

Please help ASAP, I need to get this done by midnight...

Answers

The third term, fourth term and tenth term are -1, -3, -15 respectively.

What is a sequence?

A sequence is a pattern of numbers in which successive terms differ by an constant term called the common difference or ratio.

Analysis:

For a sequence defined by the rule A(n) = 3 + (n-1)(-2)

Third term, n = 3

A(3) = 3 + (3-1)(-2) = -1

Fourth term, n = 4

A(4) = 3 + (4-1)(-2) = -3

Tenth term, n = 10

A(10) = 3 + (10-1)(-2) = -15

In conclusion, the third, fourth, tenth terms are -1, -3 and -15 respectively.

Learn more about sequence: brainly.com/question/6561461

#SPJ1

The diagonals of kite KITE intersect at point P. Which statement is true?
A. < KIE = B. C. D.

Answers

Based on the properties of a kite, the statement that is true is: D. KPE = TPE.

What is a Kite?

A kite is a quadrilateral in which its diagonals intersect at right angles.

Also, the non-vertex angles of a kite are congruent, that is they have equal measure.

Angle KPE and angle TPE in the given kite are right angles formed at the point of intersection of the two diagonals of the kite. They both equal 90 degrees.

Therefore, the true statement is:

D. KPE = TPE

Learn more about the kite on:

https://brainly.com/question/23279609

#SPJ1

PLS HELPPPPP !!!! Figure ABCD is transformed to figure A'B'C'D':
B
A
5-4-3-2-10 1 2
1
-2
C
Which angle in Figure A'B'C'D' is equal to ZBCD?
OZD'A'B'
OZA'B'C'
ZB'C'D'
OZC'D'A'
54

Answers

Option b is the best answer

What is the volume of the figure?
A. 188.5 units cubed
B. 196.9 units cubed
C. 205.3 units cubed
D. 213.6 units cubed

Answers

I got B. 196.9 units cubed.

A company provides snack-sized packages of nuts for its office employees.
employees can choose from among five kinds of nuts. which probabilities
correctly complete this probability distribution for 50 packages of nuts, in the
order listed?
nuts
almonds cashews mixed peanuts pecans
12
10
6
14
8
number of
packages
probability
a. probability 0.32 0.24 0.14 0.2 0.1

Answers

The probabilities that correctly complete this probability distribution for 50 packages of nuts will be 0.24, 0.2, 0.12, 0.28, and 0.16.

How to calculate the probability?

From the information given, we have to find the probability for each fruit. This will be:

Almond = 12/50 = 0.24

Cashew = 10/50 = 0.2

Mixed = 6/50 = 0.12

Peanut = 14/50 = 0.28

Pecan = 8/50 = 0.16

Therefore, the probabilities that correctly complete this probability distribution for 50 packages of nuts will be 0.24, 0.2, 0.12, 0.28, and 0.16.

Learn more about probability on:

brainly.com/question/24756209

#SPJ1

Which of the following best describes the graph shown below?

Answers

Using function concepts, it is found that the statement that correctly describes the function is:

C. This is the graph of a one-to-one function.

When does a graph represents a function?

A graph represents a function if it is one-to-one, that is, each value of x is mapped to one value of y.

In this problem, this happens, each value of x is mapped to one value of y, in a non-linear format, hence option C is correct.

More can be learned about functions at https://brainly.com/question/12463448

#SPJ1

While cooking a stew, Jim used 2/3 of a shaker of salt and 7/12 of a shaker of pepper. How
much more salt did Jim use?

Answers

Answer:

he used one 1/12 more of salt.

Step-by-step explanation:

2/3 I know equals 8/12

And

7/12 = 7/12 so

You just do

8/12 - 7/12 = 1/12

Other Questions
Who issues U.S. paper currency? You speak to a business owner that is taking in almost $2,000 in revenue each month. The owner still says that they'rehaving trouble keeping the doors open. How can that be possible? Use the terms revenue, expenses, and profit/loss inyour answer. As a preliminary measure, you want to review only the top 25% of applicants on the basis of of standardized test scores. How does calculating the z-score provide additional information regarding how each subject did overall. Provide specific examples of how you would use the information and interpret the scores Yes yes and yesWhich one is yes Pick a random one Every Fraction can be written as a decimal that will be either a/an________ decimal number or a/an _________ decimal number Which type of diction should be used when addressing a principal or teacher? PLEASE HELPPPPPPPWhat is the approximate area of the shaded region? When the actual price in some market is above the equilibrium price, the resulting market condition is known as MondayThe solution of 87e0.3x = 5918, to the nearestthousandth, isA. 0.583B. 1.945 C. 4.220 D. 14.066 Which of the following is classified as a workgroup information system? Johnny used his grandmother's credit card to buy a new set of headphoneswithout her permission. What act has he committed?O A. CommerceO B. FraudO C. Sales liabilityO D. Liability 1. in the text, billy doesn't participate in the murder of tom harper but he and others fail to stop it. why do people do bad things or fail to stop bad things? how do you think you would have handled the situation if you witnessed this confrontation? what did imperialism have om the united states in the late 1800s and early 1900s Fig.3 shows three 10 g particles that have been glued to a rod of length L = 6 cm and negligible mass. The assembly can rotate around a perpendicular axis through point O at the left end. a) How much work is required to change the rotational rate from 40 to 60 rad/s?b) If the outermost particle is removed, by what percentage does the rotational inertia of the assembly around the rotation axis decrease? Simplify the expression (5 5) + 5x (5-5) How many moles of HO are equivalent to 97.3 grams of HO? (H = 1.008 g/mol, O = 16.00 g/mol) Calculate variable costs per unit, variable cost per unit for utilities and variable cost per unit for maintenance. Exclude mixed costs in the calculation for variable cost per unit. (Round answers to 2 decimal places e.g. 2.25.) Variable cost per unit (Exclude variable cost for utilities and maintenance) $ Variable cost per unit for utilities $ Variable cost per unit for maintenance Magnesium combines with oxygen to form magnesium oxide. If 10.57 g ofmagnesium reacts completely with 6.96 g of oxygen, what is the percent by mass ofoxygen and magnesium? BRAINLIEST!!!!!!!!!!!!!!!!!!!!!Look at the photo.A man sneezing. His spit is visible. What should be added to this photo to support the claim that people should cover their mouths when they sneeze?a statistic about how germs spreadphotos of people washing their handsa statistic about the best medicines to usephotos of all the different ways germs spread The encoding of words and their meaning is known as:.