You deposit $200 each month into an account earning 2% interest compounded monthly. How much will you have in the account in 30 years? How much total money will you put into the account? How much total interest will you earn?

Answers

Answer 1

Answer:

A. $99,195.055

B. $72,000

C. $27,195.055

Step-by-step explanation:

A. Calculation for How much will you have in the account in 30 years

Using future annuity formula

Future value=[Deposit amount* (1+Interest rate^n-1)/Interest rate]

Let plug in the formula

Where,

Deposit amount=$200

Number of days=30*12=360

Interest rate=0.02/12=0.0017

Let plug in the formula

Future value=[$200*(1+0.0017^360-1)/0.0/17]

Future value=[$200*(1+0.0017^360-1)/0.0/17]

Future value=[$200*(1.0017^360-1)/0.0/17]

Future value=$99,195.055

Therefore the amount you will have in the account in 30 years will be $99,195.055

B. Calculation for How much total money will you put into the account

Using this formula

Total money=Deposit amount*Number of days

Let plug in the formula

Total money=$200*360 days

Total money=$72,000

Therefore the total money you will put into the account is $72,000

C. Calculation for How much total interest will you earn

Total Interest=$99,195.055-$72,000

Total Interest=$27,195.055

Therefore the total Interest you will earn is $27,195.055


Related Questions

An item on sale costs 65% of the original price. The original price was $15. Find the sale price.

Answers

Answer:

$9.75

Step-by-step explanation:

65% of 15 is 9.75

Hope this helps∞<3

Let me know if it right or wrong.

Answer:

$9.75

Step-by-step explanation:

To find the sale price, you multiply the sale percent by the original price.  For this problem, it would be 0.65 * 15, which equals $9.75.

(If you didn't already know, you get the decimal version of a percent by moving the decimal at the end two places to the left.)

1/7 (63n-77)=11+9n please answer

Answers

Step-by-step explanation:

if you are satisfied with the results then plz make me genius

A steak that weighs 4 pounds cost $31.68 at HEB™. At this rate, what will be the cost of a steak that weighs 1/2 pound

Answers

Answer:

mabe try $24.10

Step-by-step explanation:

Find the value of 15/4 divided by 5/8

Answers

Answer:

6

Step-by-step explanation:

15/4÷5/8

15/4×8/5

=6

Answer:

15/4 is 0.0753 and 5/8 0.0097369

Step-by-step explanation:

A square has side length 4 cm.
a. What is its area?

Answers

Answer:

16cm and a 2 as a exponet

Step-by-step explanation:

Answer:

A=16cm²

Step-by-step explanation:

i think 90% sure that its correct

For EF in triangle EFG, what is the corresponding segment in similar triangle HFG?

Answers

Answer:

HF

Step-by-step explanation:

Answer: Side HF.

Step-by-step explanation: The corresponding segment to EF in similar triangle HFG is HF, you can confirm it by folding the triangle.

Help pls I am in 4th and my sister is at school help

Answers

Answer:

0.125

Step-by-step explanation:

Answer

0.125

                                           

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find the midpoint, multiple choice question

Answers

Answer:

(-2,-1)

Step-by-step explanation:

Ive done a lot of these problems before, hope this helps

15 POINTS!! DRAW THE GRAPH! Someone can draw it on a piece of paper I’ll give you triple the points and brain list this is going to be a big point question go!!!

Answers

Answer:

ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok ok

Answer:

step by step

Step-by-step explanation:

y = 3x - 4

Root (x-intercept): y=0     3x-4=0       x=4/3 (or 1 1/3, 1.33333)

y-intercept: x=0   y=4

how many times does 35 go into 78?​

Answers

Answer:

It goes in 2 times

Step-by-step explanation:

Can i have branliest, so i can go up a rank?

Answer:

35 goes into 78 two whole times but, it goes into it 2.22857143 times, or rounded to 2.23 times. the answer you put down depends on the directions.

what is the value of 9^-1/2

Answers

Answer:

81-1/2

80/2

40 and right than say

Answer:

[tex]\frac{1}{3}[/tex]

Step-by-step explanation:

Using the rule of exponents/ radicals

[tex]a^{-m}[/tex] ⇔ [tex]\frac{1}{a^{m} }[/tex]

[tex]a^{\frac{1}{2} }[/tex] ⇔ [tex]\sqrt{a}[/tex]

Given

[tex]9^{-\frac{1}{2} }[/tex]

= [tex]\frac{1}{9^{\frac{1}{2} } }[/tex]

= [tex]\frac{1}{\sqrt{9} }[/tex]

= [tex]\frac{1}{3}[/tex]

A local movie theater sells two bag sizes of popcorn. Both bags are in the shape of a rectangular prism. Bag A measures 4" long, 3.5" wide and 6" tall. Bag B holds twice as much popcorn as Bag A. If Bag B is 8" long and 3" wide, how tall is Bag B?

Answers

Answer:

the height of bag b is 7

Step-by-step explanation:

first, find the volume of bag a.

volume formula:

length * width * height = volume

length = 4

width = 3.5

height = 6

substitute the values into the formula

4 * 3.5 * 6 = volume

84 = volume

the volume of bag A is 84

next, find the height of bag b

volume formula:

length * width * height.

length = 8

width = 3

volume = 168 (84 * 2)

8 * 3 * h = 168

24h = 168

24h/24 = 168/24

h = 168/24

h = 7

the height of bag B is 7

PLEASE HELP WILL MARK BRAINLIEST

Answers

Answer:

What is the question?

Step-by-step explanation:

Micah who is not yet 15 years old, is two years older than DeMonte.


How old is DeMonte?
x = the age of Micah

y = the age of DeMonte

Answers

Answer:

DeMonte is 12

Step-by-step explanation:

If Micah is not yet 15 than he is 14 so 14 - 2 is 12 since DeMonte is two years younger than Micah.

Tom swam to the bottom of a swimming pool that was 9 feet deep and he touched
the bottom. He swam back to the surface. How many feet did Tom swim?

Answers

Answer:

18 feet

Step-by-step explanation:

9 x 2 = 18

Answer: 18 feet

Reason: he swam 9 feet going down the pool, but he didn’t just stay under there, he swam back up to the surface.
Thus we can 9 (feet for swimming to the bottom) plus 9 ( feet for swimming to the top).
In mathematical term we can say this in two ways.
9 + 9 = 18
Or
9 x 2 = 18

Question in picture solve

Answers

Answer: Choice B) 7/2 and choice D) 2

These two slope values are positive. Positive slopes correspond to lines that move uphill as you move from left to right.

A negative slope moves in the opposite direction. A slope of zero refers to a flat horizontal line. A slope of undefined means we have a vertical line.

A restaurant bill is 56.39.Estimate a 15% tip

Answers

15% would be 8.4585


hope this helps!!

WILL GIVE BRANLIEST: What are three ordered pairs that create a relation with a domain of {−2, 1, 4}?

Answers

Answer:

(-2,1 ) (1,4) (-2,4)

Step-by-step explanation:

The height of a parallelogram is 5 feet more than its base. If the area of the parallelogram is 204 feet, find its base and height

Answers

Step-by-step explanation:

Let

base=x

height=x+5

we know that in a parrelogram

[tex]\boxed{\sf Area=base×height}[/tex]

Substitute the values

[tex]{:}\rightarrowtail\sf x(x+5)=204 [/tex]

[tex]{:}\rightarrowtail\sf x^2+5=204 [/tex]

[tex]{:}\rightarrowtail\sf x^2=204-5 [/tex]

[tex]{:}\rightarrowtail\sf x^2=199 [/tex]

[tex]{:}\rightarrowtail\sf x=\sqrt {199}[/tex]

[tex]{:}\rightarrowtail\sf x=14.1[/tex]

[tex]{:}\rightarrowtail\sf base=14.

1feet[/tex]

[tex]{:}\rightarrowtail\sf Height =14.1+5=19.1feet [/tex]

Does this represent a function

Answers

Answer:

yes

Step-by-step explanation:

be de dg

Which of the following expression has a terminating decimal?

6556 divided by 55
9565 divided by 11
7986 divided by 18
4546 divided by 33​

Answers

Answer:

1.# = 119.2 2.# = 869.545454545 3.# = 443.66666666 4.# = 13501.3939394

Step-by-step explanation:

i don't know about the 2 one and 3 and 4 one that came up a very big number. I used a calculator though.exactly way you tired to tipe it in sorry it took so long to answer the problem!!!.

can someone help me on this plz and thanks

Answers

Answer:

- 7/4

Step-by-step explanation:

y1 - y2 over x1 - x2 with the points (-3,4) and (1,-3)

-3 - 4 over 1 - (-3) --> -7/ 4

Answer:

-5/3

Step-by-step explanation:

well taking the line that hits a cross, go down how many until it meets up with another perpendicular cross, and since you write it as rise/run, you run down 5 and go over 3, and since its decreasing, it is a negative

What is 3 dived by 5

Answers

the simplest fraction is: 3/5

in decimal form its: 0.6

Someone please help I forgot how to do this

Answers

Can u send a close up picture I can’t see it

For the sum of (5.2 x 10^4 ) and (6.95 x 10^4 ) in scientific notation, why will the power of 10 be 10^5 ?

Answers

Answer:

12.15 *10^4

=1.215 *10^5

it must be like that so as to express it in standard form

The sum of (5.2 × 10⁴) and (6.95 × 10⁴) in scientific notation will be 12.15 × 10⁴.

What is Algebra?

The analysis of mathematical representations is algebra, and the handling of those symbols is logic.

PEMDAS rule means the Parenthesis, Exponent, Multiplication, Division, Addition, and Subtraction. This rule is used to solve the equation in a proper and correct manner.

The numbers in the scientific notation will be given as,

(5.2 × 10⁴) and (6.95 × 10⁴)

Then the sum of the numbers will be

⇒ (5.2 × 10⁴) + (6.95 × 10⁴)

⇒ (5.2 + 6.95) × 10⁴

⇒ 12.15 × 10⁴

The sum of (5.2 × 10⁴) and (6.95 × 10⁴) in scientific notation will be 12.15 × 10⁴.

More about the Algebra link is given below.

https://brainly.com/question/953809

#SPJ2

Please help me!! I’m so confused

Answers

Answer:

X = 24

Step-by-step explanation:

Just apply H² = B² + P²

(26)² = (10)² + P²

676 = 100 = P²

676 - 100 = P²

P² = 576

P = √576

P = 24

P = X

Hope this helps you.

First you add the two numbers that you see 26 + 10=36 now subtract by 90, 90-36=54

What is 180 pi divided by 420 pi simplified?

Answers

Answer:

3/7

Step-by-step explanation:

Is 8 < x the same as 8 > x ( please explain this )

Answers

Answer:

No

Step-by-step explanation:

It is No because if you switch up the first inequality you get x>8 and when you switch up the inequality you get x<8. I hope this explanation is satisfactory .

Find the equation of the line going through the point (4,1) and
parallel to y=-3x+7

Answers

Parallel = same slope
Y = -3x + b
1 = -3(4) + b
1 = -12 + b, b = 13
Equation: y = -3x + 13

1/2(2c - 4) = 1/3(6c - 30)

Please don’t give me a wrong answer

Answers

are you trying to solve for c? if so c=8
Other Questions
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