An initial investment of $1,000 at 12% interest is compounded weekly (use 52
weeks in a year), What will the investment be worth in 30 years?
Round your answer to the nearest cent.

Answers

Answer 1

Using compound interest, it is found that the investment will be worth $36,466.76 in 30 years.

What is compound interest?

The amount of money earned, in compound interest, after t years, is given by:

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

In which:

A(t) is the amount of money after t years. P is the principal(the initial sum of money). r is the interest rate(as a decimal value). n is the number of times that interest is compounded per year.

The parameters are given as follows:

P = 12, r = 0.12, n = 52, t = 30.

Hence the amount is given by:

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

[tex]A(30) = 1000\left(1 + \frac{0.12}{52}\right)^{52 \times 30}[/tex]

A(30) = $36,466.76

More can be learned about compound interest at https://brainly.com/question/25781328

#SPJ1

Answer 2

Answer:36,446.76

Step-by-step explanation:

From the question we can see our given values are P=1,000, r=0.12, n=52, and t=30.  Plugging this into our compound interest formula will give us our solution.

A(t)A(30)=P(1+rn)nt=1,000(1+0.1252)52⋅30≈36,446.76


Related Questions

A store pays 70.00$ for a bike the price mark up is 20% what is the mark up amount

Answers

Answer:

84$

Step-by-step explanation:

1. 20% of 70  

0.20x70 = 14

2. Markup then add

70 + 14 = 84$

Find two angles (in radians) whose sine ratio is...

Answers

Hi there!

[tex]\large\boxed{\frac{\pi}{3} \text{ and } \frac{2\pi}{3}}[/tex]

From the unit circle, we can locate the two values of sine Ф (y-value of the coordinate)  at which sin Ф = √3/2.

The two values are Ф = π/3 and 2π/3.

A sheet of standard U.S. typing paper measures 8.50 in by 11 in. What is its area in square centimeters? (Area =L x W)

Answers

Answer:

the area would be 935cm

Step-by-step explanation:

ty for reading :P

603.2246 square centimeters.

I'm doing a test and I need to know which one right I'll attach a photo of it it's a simple one I just want a second opinion.

Answers

Answer:

B.

Step-by-step explanation:

What is (1 2/3) dived by (1/8)

Answers

Answer: 13 1/3

Step-by-step explanation:

help plz plz plz plz i need this

Answers

Answer:

n-5

Step-by-step explanation:

Select the correct answer. Which equation is a step in solving the equation |5 − 3x| + 2 = 19?

Answers

Answer:

Step-by-step explanation:

What is the value of W in the equation 1/4W=16

Answers

Answer:

w=64

Step-by-step explanation:

you just have to multiply 4 on both sides to cancel the 1/4, and 16x4=64

Answer:

W = 64

Step-by-step explanation:

We will undo the operations that obscure the value of W to find its value.

1/4W = 16

Since we divided W by 4 (1/4W is the same a W/4), we will multiply both sides by 4.

16 x 4 = 64.

The value of W is 64.

If 2a:3b=5:6 and 3b:2c=36:15,then find a:c​

Answers

Answer:

a:c=2.5:1.25

Step-by-step explanation:

2a:3b=5:6

2(2.5):3(2)=5:6

3(2):2(1.25)=6:2.5=36:15

How do you find the difference between an isosceles triangle and a normal triangle?

Answers

Answer:

In an equilateral triangle, all the sides and angles are of equal length. In an isosceles triangle, 2 of the sides are equal

Step-by-step explanation:

What is the sum
X+
1
دیا |
x
100
Uw
x+
ოjთ
3 5
O 5*+
3 7
X+
8

Answers

Answer:

use photo math lol

Step-by-step explanation:

11 2/8 - 5 1/2 • 1 2/3 + 1 1/4

Answers

Answer:

[tex]3\frac{1}{3} = \frac{10}{3} = 3.333333333[/tex]

Step-by-step explanation:

Hope this helps.

Help me please and thank you!!!!!

Answers

Answer:

D-y=-3x+5

Step-by-step explanation:

Slope is -3x and y intercept is positive 5

Answer:

Step-by-step explanation:

y - 2 = -3(x - 1)

y - 2 = -3x + 3

y = -3x + 5

answer is D

Which function has the same range as | f (x) = negative 2 StartRoot x minus 3 EndRoot + 8?
g (x) = StartRoot x minus 3 EndRoot minus 8
g (x) = StartRoot x minus 3 EndRoot + 8
g (x) = negative StartRoot x + 3 EndRoot + 8
g (x) = negative StartRoot x minus 3 EndRoot minus 8

Answers

Answer:

it is c

Step-by-step explanation:

Based on the information given regarding the function, the correct option is C. g (x) = negative StartRoot x + 3 EndRoot + 8.

Interpretation of the function.

It should be noted that a function simply means the relation from a set of inputs to a set of possible outputs.

In this case, the function that has the same range as | f (x) = negative 2 StartRoot x minus 3 EndRoot + 8 will be g (x) = negative StartRoot x + 3 EndRoot + 8.

Learn more about functions on:

https://brainly.com/question/10439235

good review if you answer with the right answer

Answers

Answer:

top left choice

Step-by-step explanation:

the slope is negative, so its flipped

the y int is -6, below the x axis

Answer:

Graph A (the top left)

Step-by-step explanation:

The correct graph has to have a negative slope. So this narrows the options down to either A (top left) or B (top right). The y-intercept has to be negative, and out of A and B, only Graph A meets this requirement.

Hope it helps!

The statistics for a final exam for Mr. Villa's Spanish class are shown. Which grade would be an outlier for this test?
Mean
Q1
Median
Q3
Minimum
Maximum
81
75
83
85
53
99
O 52
0 60
098
O 100

Answers

Outlier 52
Because if you plug it into a calculator and plot it u get that

A calculator is required to obtain the final answer on this question. A solid metal sphere at room temperature 20oC is dropped into a container of boiling water (100oC). If the temperature of the sphere increases 10o in 9 seconds, find the temperature of the ball after 18 seconds in the boiling water. (Assume the sphere obeys Newton's Law of Cooling.)

Answers

Answer:

38.71°C

Step-by-step explanation:

Given :

Initial temp, T0 = 20°C

Final temperature, T = 20 + 10 = 30°C

Time, t = 9 seconds

Surrounding temperature, Ts = 100°C

Newton's Law of cooling :

T = Ts + (T0 - Ts) * e^-kt

Obtain the value of k

30 = 100 + (20 - 100) * e^-9k

30 - 100 = - 80e^-9k

-70 = - 80e^-9k

-70 / - 80 = e^-9k

0.875 = e^-9k

Take the In of both sides

In(0.875) = - 9k

−0.133531 = - 9k

k = 0.133531 / 9

k = 0.0148

Hence,

t = 18

T = Ts + (T0 - Ts) * e^-kt

T = 100 + (20 - 100) * e^-0.0148(18)

T = 100 - 80 * e^-0.0148(18)

T = 100 - 80 * 0.7661326

T = 38.709392

T = 38.71°C

A pew research Center project on the state of news media showed that the clearest pattern of news audience growth in 2012 came on digital platforms. According to pew research data, 39% of Americans get news online or from a mobile device in a typical day. a. Suppose that you take a sample of 100 Americans. If the population proportion of Americans who get news online or from a mobile device in a typical day is 0.39, what is the probability that fewer than 30% in your sample will get news online or from a mobile device in a typical day? b. Suppose that you take a sample of 400 Americans. If the population proportion of Americans who get news online or from a mobile device in a typical day is 0.39, what is the probability that fewer than 30% in your sample will get news online or from a mobile device in a typical day? c. Discuss the effect of sample size on the sampling distribution of the proportion in general and the effect on the probabilities in (a) and (b).

Answers

Answer:

Step-by-step explanation:

Given that:

the sample proportion p = 0.39

sample size = 100

Then np = 39

Using normal approximation

The sampling distribution from the sample proportion is approximately normal.

Thus, mean [tex]\mu _{\hat p} = p = 0.39[/tex]

The standard deviation;

[tex]\sigma = \sqrt{\dfrac{p(1-p)}{n} }[/tex]

[tex]\sigma = \sqrt{\dfrac{0.39(1-0.39)}{100} }[/tex]

[tex]\sigma = 0.048[/tex]

The test statistics can be computed as:

[tex]Z = \dfrac{{\hat _{p}} - \mu_{_ {\hat p}} }{\sigma_{\hat p}}[/tex]

[tex]Z = \dfrac{0.3 - 0.39 }{0.0488}[/tex]

[tex]Z = -1. 8 4[/tex]

From the z - tables;

[tex]P (\hat p \le 0.3 ) = P(z \le -1.84)[/tex]

[tex]\mathbf{P (\hat p \le 0.3 ) = 0.0329}[/tex]

(b)

Here;

the sample proportion = 0.39

the sample size n = 400

Since np = 400 * 0.39 = 156

Thus, using normal approximation.

From the sample proportion, the sampling distribution is approximate to the mean [tex]\mu_{\hat p} = p = 0.39[/tex]

the standard deviation [tex]\sigma_{\hat p} = \sqrt{\dfrac{p(1-p)}{n} }[/tex]

[tex]\sigma_{\hat p} = \sqrt{\dfrac{0.39 (1-0.39)}{400} }[/tex]

[tex]\sigma_{\hat p} =0.0244[/tex]

The test statistics can be computed as:

[tex]Z = \dfrac{{\hat _{p}} - \mu_{_ {\hat p}} }{\sigma_{\hat p}}[/tex]

[tex]Z = \dfrac{0.3 - 0.39 }{0.0244}[/tex]

[tex]Z = -3.69[/tex]

From the z - tables;

[tex]P (\hat p \le 0.3 ) = P(z \le -3.69)[/tex]

[tex]\mathbf{P (\hat p \le 0.3 ) = 0.0001}[/tex]

(c) The effect of the sample size on the sampling distribution is that:

As sample size builds up, the standard deviation of the sampling distribution decreases.

In addition to that, reduction in the standard deviation resulted in increases in the Z score, and the probability of having a sample proportion  that is less than 30% also decreases.

WILL MARK BRAINLIEST ONLY HAVE 10 MINUTES AND DOUBLE POINTS

Answers

Hey there!

They are both correct, and their expressions are equivalent.'

9(S + T) + 45 = 9S + 9T + 45

Have a terrificly amazing day!

when x is divided by 9, the remainder is 7. What is the remainder when x+4 is divided by 9

Answers

Answer:

First i always use khan academy

Step-by-step explanation:

Find the simple interest on a P10500 loan at 20% for two years. (show
your process to get two points)
DO
D12
Dan​

Answers

Answer:

P4200

Step-by-step explanation:

SI=PRT/100

P=Principal which is P10500

R=Rate which is 20%

T=Time which is 2 years

So SI= 10500×20×2/100

=P4200

Question 1
4+ (-3) + (-2) ?
Which of the following diagrams correctly represent

Answers

Answer:

4-3-2

-1

Step-by-step explanation:

There are 250 students in a school auditorium.
Complete the table below.

Answers

Answer:

first box is 60

second box is 103

third box is 50

last box is 103

Step-by-step explanation:


find the value of x

Answers

Answer:

x = 20

Step-by-step explanation:

Each side would be 60. 60/3 would be 20. So x = 20

Answer:

x = 20

Step-by-step explanation:

Looking at the image you've posted here. We can see this triangle is equilateral. That also means 3x is 60°, as are the other two angles. All you really have to do is dividing both sides of the equation by 3 to get x to equal 20.

please help me out i cannot fail this

Answers

Answer:

183.41

Step-by-step explanation:

pay 251.57

16% 40.25

3.64 9.16

6.2 15.60

1.45 3.65

I hope this is right

ANSWER PLEASE..................

Answers

The answer is 74.32 y ok it welcome

Suppose there is a simple index of three stocks, stock X, stock Y, and stock Z.
Stock X opens the day with 5000 shares at $4.30 per share. Stock Y opens
the day with 2000 shares at $3.20 per share. Stock Z opens the day with 8000
shares at $4.90 per share. This simple index rises 4.9% over the course of the
day. What is the value of the index at the end of the day? Round your answer
to the nearest hundred.
A. $68,700
B. $67,100
C. $70,400
D. $68,300

Answers

Answer:

C

Step-by-step explanation:

so the first one ends at 4.7107

the second- 3.3568

the third- 5.1401

and multiplying the first by 5000 we get- 23,553.5

for the second we get -6,713.6

for the third we get 41,120

adding them all together we get 71,387.1

and so C is the closest

The  value of the index at the end of the day should be considered as the $70,400.

Calculation of the value of the index:

Since

Stock X opens the day with 5000 shares at $4.30 per share.

Stock Y opens the day with 2000 shares at $3.20 per share.

Stock Z opens the day with 8000 shares at $4.90 per share.

This simple index rises 4.9% over the course of the day.  

So ,

[tex]= (5,000 \times \$3.4) + (2,000 \times \$3.20) + (8,000 \times $4.90) * 1.0.49[/tex]

= $70,400

hence, The  value of the index at the end of the day should be considered as the $70,400.

Learn more about stock here: https://brainly.com/question/24636535

Please help meeeeeeeeeeeeeee

Answers

Answer: C

Why?
5x+y= 17
You need to get the y alone so you subtract 5x
Y=-5x+17
This is in y=mx+b form
M=slope
B= y intercept

I hope this help :D

A pharmacist found at the end of the day she had 3/2 as many prescriptions for antibiotics as tranquilizers. She had 35 prescriptions altogether. How many did she have for tranquilizers?

Answers

Answer:

She had 14 prescriptions for tranquilizers.

Step-by-step explanation:

This question can be solved using a system of equations.

I am going to say that:

x is the number of prescriptions she had for antibiotics.

y is the number of prescriptions she had for tranquilizers.

A pharmacist found at the end of the day she had 3/2 as many prescriptions for antibiotics as tranquilizers.

This means that:

[tex]\frac{x}{y} = \frac{3}{2}[/tex]

[tex]x = \frac{3y}{2}[/tex]

She had 35 prescriptions altogether.

This means that:

[tex]x + y = 35[/tex]

How many did she have for tranquilizers?

We want to find y. Since [tex]x = \frac{3y}{2}[/tex], we solve the following equation.

[tex]x + y = 35[/tex]

[tex]\frac{3y}{2} + y = 35[/tex]

Multiplying everything by 2

[tex]3y + 2y = 70[/tex]

[tex]5y = 70[/tex]

[tex]y = \frac{70}{5}[/tex]

[tex]y = 14[/tex]

She had 14 prescriptions for tranquilizers.

Your teacher is giving a 150 point test. There are a total of 46 3-point questions and 5-point questions. How many of each are on the test

Answers

Answer:

Let x be the number of 3-point questions.

Let y be the number of 5 point questions.

Other Questions
Find the distance between (-2, 5) and (9, 5). isabella earned $44.00 for 4 hours of work.How much was earned per hour Which word in these sentences from the passage best demonstrates the author's tone? I scrambled to find a flashlight only to discover that it would not turn on. Shaking it wildly, I soon realized that the batteries were dead.deadwildlyflashlightrealized Which of the following explains how revolution occurs?A-Charles Dickens' "A Christmas Carol"B-Darwin's "The Origin of Species"C-Smith's "The Wealth of Nations"D-The Conflict Helix (Frustration leads to Aggression leads to Rebellion leads toRevolution)Please helpp WILL MARK YOU AS BRAINLIST IF YOU ANSWER THIS QUESTION FOR MEWhat is the difference between protesting and rioting? Why do you think Just Us for Justice believes that protesting is better {from the book: The Hate U Give} ? What do you think is better? Does anyone know this?!? (If you know the answer please type it as how i will need to put it into the box) 1) A plane averaged 412 miles per hour on a trip thatlasted 3 3/4 hours. How far did the plane fly?Please help ! The distance around a circle is 37.7 meters long. What is the diameter of the circle? * 11 meters 12 meters 13 meters 14 meters Which of the following are aspects of the socialization process?I.Religious teaching II.Reproduction III.Recreation activity what are the three choices equivalent to 27^4/3a. 4^3b. (27^1/3)^4c. 3^1/4d. 81e. 3 4f. (^3 27)^4 the author wrote the selection The Dinner Party to most likely to- and whyplease, please help 2x3 + 6x2 + 10x + 30. 2(x3 + 3x2 + 5x + 15) 2[(x2 + 5)(x + 3)] (2x2 + 10)(x + 3) (x2 + 5)(2x + 6) write an expression for operation describe 1 over 2 of 5 less than 10 A car averages 27 miles per gallon. If gas costs $4.04 per gallon, which of the following is closest to how much the gas would cost for this car to travel 2,727 typical miles?$44.44$109.08$118.80$408.04$444.40 Qu significaneningls este, esta, estos, estas?this and thesethat and those (far away) Overall, the main problem with the Articles of Confederation is that it leftthe U.S. Federal Government veryand the States with all the What are the advantages and disadvantages of Media Convergence? Which phrase best completes the diagram? Shereena made the following table she cant decide if its arithmetic or geometric sequence look at the picture bellow and answer the two questions pleaseeeeee Marcus bought 7/8 gallon of milk to make smoothies. On Monday he used 1/4 gallon to make a mango smoothie. On Tuesday, he used 1/2 gallon to make blueberry smoothie. How much milk does he have left?