Robin, who is self-employed, contributes $4500/year into a Keogh account. How much will he have in the account after 30 years if the account earns interest at the rate of 2.5%/year compounded yearly?

Answers

Answer 1

Answer:

The amount that would be in the account after 30 years is $368,353

Step-by-step explanation:

Here, we want to calculate the amount that will be present in the account after 30 years if the interest is compounded yearly

We proceed to use the formula below;

A = [P(1 + r)^t-1]/r

From the question;

P is the amount deposited yearly which is $4,500

r is the interest rate = 2.5% = 2.5/100 = 0.025

t is the number of years which is 30

Substituting these values into the equation, we have;

A = [4500(1 + 0.025)^30-1]/0.025

A = [4500(1.025)^29]/0.025

A = 368,353.3309607034

To the nearest whole dollars, this is;

$368,353


Related Questions

HELPPP I NEED AN ANSWER ASAP

Answers

Answer:

2, 4, and 6 (b, d, f)

Step-by-step explanation:

dont  really know how to explain

Problem: According www.textrequest, an American between 18-24 sends and receives about 128 text messages per day. Assume that the population standard deviation is 30 for this age group. To get an idea about the true population mean you take a survey of 100 adults in that age group and find that their average is 135. Create a 90% confidence interval for the population average for this age group.

Answers

Answer:

(130.08, 139.92)

Step-by-step explanation:

Given that:

Mean (m) = 135

Standard deviation (σ) = 30

Sample size (n) = 100

α = 90%

The confidence interval value is obtained using the relation:

Mean ± Zcritical * (standard deviation / sqrt(n))

Zcritical at 90% = 1.64

standard deviation / sqrt(n) = 30 / sqrt(100)

= 30 / 10 = 3

Hence,

135 ± 1.64 * (3)

Lower limit : 135 - (1.64 * 3) = 130.08

Upper limit : 135 + (1.64 * 3) = 139.92

Hence,

Confidence interval = (130.08, 139.92)

Translate the word phrase into a math expression.

1 less than a number.


A: n + 1

B: n−1

C: 15 ÷ n

D: 1−n

Answers

The answer would be B: n-1
To break it down, 1 less means subtracted by one so in the equation (-1) and the number is the variable that is represented by ‘n’ so if something is 1 less than a number it will be n-1
Hope this helps :)
The answer is B) n-1.

If you are doing one less than a number, than you know that you will need a variable that is being subtracted from. We know that the variable is n. We also know that 1 is being subtracted from it. Therefore, the answer is n-1.

Hope you have an amazing day!✨❤️

there are 7209 students at a amusement park. to the nearest thousands, how many students are in the park

Answers

Step-by-step explanation:

In ordee to round the number 7209 to the nearest thousands, we take a look at the digit in the hundreds place (which is 2).

Since 2 < 5, we round the number itself down to the nearest thousands:

7209 => 7000.

Hence our rounded number is 7000.

Answer:

7000

Step-by-step explanation:

The thousandths place in 7209 is less than 5, the number will change to 7000.

Find the unit rate. Round the nearest hundredth if necessary.
$420 for 15 tickets.
A. $28 per ticket
B. $0.04 per ticket
C. $405 per ticket
D. $840 per 30 tickets

Answers

Answer:

28 dollars per ticket

Step-by-step explanation:

just divide 420 by 15 to get 28

How many points will I get if I get 60 points every 5 mins and it goes on for 4 hours?

Answers

Answer:

well u multiply 60 and 12 which is 720 then multiply that by 4 that equals 2,880 more points

60/5=12 every minute you get 12 points so 4 hours=240mins which concludes that 240*12=2880 points

Hope this helps

Have a great day/night

f(-5) if(x) - 4x + 2

Answers

Answer:

22

Step-by-step explanation:

-4(-5)+2

20+2

22

The Fruity Tooty company claims that the population proportion for each of its five flavors is exactly 20%. Jane counts 92 red candies in a 400-count sample.
what is the value of the z-test statistic? Answer choices are rounded to the hundredths place.

Answers

Answer:

86.96%

Step-by-step explanation:

s2 = a2 / n  

a2 =  4.34782608696 if just 1/1 flavour 400/400 was the case.

We are asked to account for 5 flavours 4.34782608696/5

Z test was  0.86956521739 for red candies

s2 = a2/n

a2 = 0.86956521739/1

s2 = 0.86956521739/1  

s2 = 0.87 hundredth place

Percentage  0.86956521739 x 100 = 86.96% to 100th place

Help me please I’m confused

Answers

Answer:

Its c

Step-by-step explanation:

In preparation for the school play, the number of adult tickets sold by the ticket office was 5 less than twice the number of children's tickets. They sold 95 adult tickets. Write an equation you can use to find how many children's tickets were sold.

Answers

Answer:

3

Step-by-step explanation:

i think 5-2

Which table represents a linear function?

Answers

it must be the first one 1/2,1,1 1/2,2 are came in order it forms a straight line

Answer:

This table represents a function. none of the independent values (X) are repeated and each has only one corresponding depedent value (Y).The next table does not represent a function.The X column has two values that are 3, and they correspond to two different values for Y.

Hurry plz!!
For parts (b) and (c), type each answer in the box below.
b. Explain why the opposite of a positive number will always be a negative
number
C. Explain why zero is its own opposite number.

Answers

C because yes yessssss

I NEED HELP ASAP PLS

Answers

Answer:

2/3

Step-by-step explanation:

to move from one point to another (from left to right) you move up two and to the right 3

Answer:

The slope is 2/3

Step-by-step explanation:

The line goes up 2 points and to the right 3 points so if you do rise/run you get 2/3 as the slope.

whoever knows what 9+10 is i will reward them

Answers

Answer:

19

Step-by-step explanation:

Quinn is baking cookies for the bake sale at her school using her grandmother recipe. She uses 12.5 cups of flour to make 5 dozen cookies.
Find the constant of proportionality

Answers

2.5
Because 12.5 divided by 5 is equal to 2.5
for every dozen she makes she will use 2.5 cups of flour

Six ice cream bars and four bags of chips cost $13.50. Ten ice cream bars and five bags of chips cost
$20.00. What is the cost for each item sold separately?

Answers

Answer:

For the 6 ice cream bar: $2.25

For the 10 ice cream bar: $4

Step-by-step explanation:

Find the value of x → x² = (Q - A)(Q - B)(Q - C) ….. (Q - Z)

Answers

Answer:

[tex]\boxed{0}[/tex]

Step-by-step explanation:

x² = (Q - A)(Q - B)(Q - C) ... (Q - Z)

x² =  (Q - A)(Q - B)(Q - C) ... (Q - P)(Q - Q)(Q - R) ... (Q - Z)

x² = (Q - A)(Q - B)(Q - C) ... (Q - P)(0)(Q - R) ... (Q - Z)

x² = 0

x = 0

Answer:

t8y8 uv7g7 ug8 ugy ug h 7 v jvu utyc7 . hit u ut taj h

Step-by-step explanation:

fucjvjvi j jvu jvivu igigi ivigi iigihi ivigi igih

Which expression is equivalent to -3(4x-0.50)?
PLEASEEEEEEEEEEEEE HELPPP

Answers

Final Answer: [tex]-12x + 1.5[/tex]

Steps/Reasons/Explanation:

Question: Which expression is equivalent to [tex]-3(4x - 0.50)?[/tex]

Step 1: Expand by distributing terms.

[tex]-3[/tex] × [tex]4x - 3[/tex] × [tex]-0.50[/tex]

Step 2: Simplify [tex]-3[/tex] × [tex]4x[/tex] to [tex]-12x[/tex].

[tex]-12x - 3[/tex] × [tex]-0.50[/tex]

Step 3: Simplify [tex]3[/tex] × [tex]-0.50[/tex] to [tex]-1.5[/tex].

[tex]-12x - (-1.5)[/tex]

Step 4: Remove parentheses and add.

[tex]-12x + 1.5[/tex]

~I hope I helped you :)~

Tim is clearing brush from a large piece of land. The table shows how many acres he has cleared over time. Tim clears the same amount of brush each day.
Complete the table to determine how many days it will take Tim to clear 1 acre and how many acres Tim will clear in 8 days.
Use the drop down menus to select your answers.

Answers

Answer:

first box is 3 and second is 2 2/3

24 = 3y Solve for y and show work

Answers

Y=8 Is The Answer I hope this helps

Answer:

y=8

Step-by-step explanation:

because 3×8 is 24

and 8 would be the missing number

A librarian finds that the number of hours spent reading a book over a month, R, is dependent on the numbers of hours a person spends at the library over the course of a month, x, and can be modeled by the function
R(x)=26+1.5x
Draw the graph of the reading function by plotting its R-intercept and another point.

Answers

The given modeled function is R(x)=26+1.5x

where R(x) is the number of hours spent reading a book over a month

and x is the number of hours a person spends at the library over the course of a month.

Representing R(x) on the y-axis and x on the x-axis,

Puttinv x=0 to get the R(x) intercept as

R=36+1.5 x 0 = 36

So, (0,36) ia a point.

Determining other-point by putting any arbitrary value of x other than 0.

Putting x=2, to get the other point

R=36+1.5 x 10 =51

So, the other point is (10,51).

Now, joining both the points to get the graph of the given linear equation as shown in the figure.

Answer:

(0,26) (4,32)

Step-by-step explanation:

The function R(x)=26+1.5x is a linear equation, so its graph is a straight line that can be drawn by plotting 2 points and connecting them.

Its R intercept occurs when x=0, so

y(0)=26,

and (0,26) is the R-intercept.

To find another point, plug in another x value into the function y(x). For example, when x=4, we have

R(4)=26+1.5(4)=32.

So, (4,32) is another point on the graph of R(x).

USA test prep please help

Answers

Answer: B

Step-by-step explanation: "Product" is the answer of a multiplication problem, "Reduced by" is to  make smaller or less in amount, degree, or size.

Find the errors and identify them
1. (x) (Ew) (y) (Abaxwy v (Ez) Bzzxy) p
2. ~Abaawc p
3. (Ew) (y) (Abaawy v (Ez) Bzzxy) UI, 1
4. (y) (Abaawy v (Ez) Bzzxy) EI, 3
5. Abaawc v (Ez) Bzzxy UI, 4
6. (Ez) Bzzxy DS 2,5
7. Byyxy EI, 6
8. (x) Byyxy UG, 7
9. (x) Byyxy v ~Axxaabb ADD 8
10. (Ez) ( (x) Byyzy v ~ Azzaabb) EG, 9 g

Answers

Answer:

this is confused me so much is it supposed to be a trick or is that a actual question-

Solve for g .

g + (-5) = 27

g =

Answers

g -5 = 27

g -5 + 5 = 27 + 5

g = 32

Final Answer: [tex]g = 32[/tex]

Steps/Reasons/Explanation:

Question: Solve for [tex]g[/tex]. [tex]g + (-5) = 27[/tex]. [tex]g[/tex] = ?

Step 1: Remove parentheses.

[tex]g + -5 = 27[/tex]

Step 2: Simplify [tex]g + -5[/tex] to [tex]g - 5[/tex].

[tex]g - 5 = 27[/tex]

Step 3: Add [tex]5[/tex] to both sides.

[tex]g = 27 + 5[/tex]

Step 4: Simplify [tex]27 + 5[/tex] to [tex]32[/tex].

[tex]g = 32[/tex]

~I hope I helped you :)~

What power of 10 makes number 3 equal 3,000

Answers

Answer:

3 power of 10 makes number 3 equal 3000

Step-by-step explanation:

10*10*10=1000

3*1000=3000

Answer:

3 x 10^3

Step-by-step explanation:

3 x 10^3

3 x 1000

3000

hope this helps, pls mark brainliest :D

Write a story problem using the measurement interpretation of division for the following ¾ ÷ ⅛

Answers

Answer:

there was 3/4 of a pizza left and gets divided with 8 people

Step-by-step explanation:

The measurement interpretation of the division of the expression ¾ ÷ ⅛ will be 6.

What is Algebra?

Algebra is the study of algebraic expressions, while logic is the manipulation of those concepts.

The acronym PEMDAS stands for Parenthesis, Exponent, Multiplication, Division, Addition, and Subtraction. This rule is used to answer the problem correctly and precisely.

The numbers are given below.

¾ and ⅛

Then the division between the numbers 6 and 1/3 will be given by putting a division sign between them. Then we have

⇒ ¾ ÷ ⅛

⇒ (¾) / (⅛)

⇒ (¾) × (⁸/₁)

⇒ 6

The measurement interpretation of the division of the expression ¾ ÷ ⅛ will be 6.

More about the Algebra link is given below.

https://brainly.com/question/953809

#SPJ2

The difference of 2 numbers is 7. The sum of those numbers is 23. What are the 2 numbers?

Answers

Let's write this question as a systems of equations to solve.

x-y=7 (the difference)

x+y=23 (the sum)

Through the process of elimination we get

2x=30

x=15.

With that value of x, we can plug it back into any of the previous equations to get the value of y.

(15)-y=7 (Solve for y)

y=8.

The two numbers are 15 and 8.

Q15) 1.0 marks
Choose the missing term in the below series.
26, 37, 50, 65, 82, ?

Answers

Answer:

82

Step-by-step explanation:

Answer:

101

Step-by-step explanation:

from the first one to second one it goes up by 11 then 13 then 15 then 17 then 19

82+19=101

(Numerical problems) A car is running with the velocity of 72km/h. What will be it's velocity after 5s if it's acceleration is -2m/s square​

Answers

Step-by-step explanation:

72km/h = 72,000m/3,600s = 20m/s.

Using Kinematics, we have

v = u + at

= (20m/s) + (-2m/s²)(5s)

= 10m/s.

Hence the velocity will be 10m/s. (or 36km/h)

the measure of the angle is..

Answers

Answer:

149

Step-by-step explanation:

149 and the angle beside b are supplementary (Let's call it A)

180-149=A=31

180-31=149

149=B

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