Five thousand dollars is deposited into an ordinary annuity after each quarter for 3 years. The account pays 6
percent interest compounded quarterly. What is the future value of the account in 3 years?

Answers

Answer 1

The future value of the account in 3 years is $15,918.

What is a future value?

The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). For investors and financial planners, the future value is crucial because they use it to predict how much an investment made now will be worth in the future.

Here, we have

FV  =C×[ ((1+i)ⁿ −1)/i]

where:

C = cash flow per period

i = interest rate

n = number of payments

By applying the future value formula, we get

= ​$5,000×[ ((1+0.06)³ −1)/0.06 ]

= $5,000×3.1836

= $15,918

​Hence, the future value of the account in 3 years is $15,918.

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Related Questions

Aurora is planning to participate in an event at her school's field day that requires her to complete tasks at various stations in the fastest time possible. To prepare for the event, she is practicing and keeping track of her time to complete each station.

The x-coordinate is the station number, and the y-coordinate is the time in minutes since the start of the race that she completed the task.

(1, 2), (2, 4), (3, 8), (4, 16)

Part A: Is this data modeling a linear function or an exponential function? Explain your answer. (2 points)

Part B: Write a function to represent the data. Show your work. (4 points)

Part C: Determine the average rate of change between day 2 and day 4. Show your work. (4 points)

Answers

A) It is an exponential equation.

B) y = 2^x

C) The rate between days 2 and 4 is 6 minutes per station number.

Is the data modeling a linear or an exponential equation?

Here we have the following data:

(1, 2), (2, 4), (3, 8), (4, 16)

What you can see is that the x-value of the points increases equially between consecutive pairs (increases of one unit).

while the y-value does not do that.

First, it increases by 2, then by 4, then by 8.

So this is an exponential relation.

B) A general exponential will be of the form:

y = a*(b)^x

Usin the first two pairs (1, 2) and (2, 4) we can write two equations:

2 = a*b^1 = a*b

4 = a*b^2

So we have a little system of equations:

2 = a*b

4 = a*b*b

If we take the second equation and we divide that by the first one we get:

4/2 = (a*b*b)/(a*b)

2 = b

Replacing that in the first equation we get:

2 = a*2

2/2 = a = 1

The equation is:

y = 2^x

C) The average rate of change will be:

R = (2^4 - 2^2)/(4 - 2) = (16 - 4)/2 = 12/2 = 6

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A) It is an exponential equation.

B) y = 2^x

C) The rate between days 2 and 4 is 6 minutes per station number.

What are the solutions to the equation 3k² + k-3=0?
Approximate the value of both solutions. Round each answer to two decimal places. Enter your answers as
a list of numbers, separated with commas. Example: 3.25,4.16
k=

Answers

The answer will be 0.33 using quadratic equation.

What is quadratic equation

it's a second-degree quadratic equation which is an algebraic equation in x. Ax2 + bx + c = 0, where a and b are the coefficients, x is the variable, and c is the constant term, is the quadratic equation in its standard form. A non-zero term (a 0) for the coefficient of x2 is a prerequisite for an equation to be a quadratic equation. The x2 term is written first, then the x term, and finally the constant term is written when constructing a quadratic equation in standard form. In most cases, the numerical values of letters a, b, and c are expressed as integral values rather than fractions or decimals.

The equation given 3k² + k -3=0

(3k-1)(k+3)=0

k =1/3

k=0.33

Hence the value of k is 0.33.

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step by step explanation to-4x = -x + 3

Answers

The value of x is -1 for equation -4x = -x + 3

What is Equation?

Two or more expressions with an Equal sign is called as Equation.

The given equation is -4x = -x + 3

In the given equation minus four times of x equal to minus x plus three

x is the variable

Plus and minus are operators

-4x = -x + 3

Take the variables to one sides

Add +x on both sides

-4x+x=-x+x+3

-3x=3

Divide both sides by -3

x=-1

Hence, the value of x is -1 for equation -4x = -x + 3

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Suppose the government has a balanced budget and wants to increase spending without changing tax rates. The government enters the loanable funds market to borrow $150 billion for economic stimulus spending. How much money is available for private investment after this action has shifted the demand curve as shown in the figure?

Answers

The money available for private investment is $250 billion dollar

What is demand curve ?

The demand curve is a graphical representation of the connection between the cost of a commodity or service and the amount that is demanded over time. The price will often be shown on the left vertical axis in a representation, and the amount needed will typically be shown on the horizontal axis.

Refer to the attachment for graph:

Once investments and government borrowing are added together, the total is = $400

if borrowing from the government is= $150

private investment

=( investment and and government borrowing) - (government borrowing )

= $400 - $150 = $250

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Complete the following ratios: Current assets = $13,000 Inventory = $4,400 Current liabilities = $10,000 Net income = $7,700 Net sales = $24,400 A. Profit margin on net sales (round to nearest tenth percent) B. Acid test (round to nearest tenth percent.)

Answers

The completion of the following accounting ratios is as follows:

A. Profit margin on net sales is 31.6%.

B. Acid test is 86.0%.

What are accounting ratios?

Accounting ratios enable financial analysts to understand the relative magnitude of one financial statement account to another.

By their nature, accounting ratios compare or represent an entity's financial performance or position in relative terms.

Current assets = $13,000

Inventory = $4,400

Current liabilities = $10,000

Net income = $7,700 Net sales = $24,400

The profit margin on net sales = Net Income ÷ Net Sales x 100

= $7,700 ÷ $24,400

= 31.6%

Acid Test Ratio = (Current Assets - Inventory) ÷ Current Liabilities

= ($13,000 - $4,400) ÷ $10,000

= 0.86

= 86%

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Which function is the inverse of f(x) = -5x—4

Answers

Answer: f^-1(x)= - 1/5x - 4/5

Step-by-step explanation:

substitute y for f(x):              y= -5x-4

interchange x and y:            x=-5y-4

swap the sides:                     -5y-4=x

move the constant                -5y=x+4

divide both sides by 5          y= - 1/5x - 4/5

substitute f^-1(x) for y          f^-1(x)= - 1/5x - 4/5

Find the quotient and remainder using synthetic division for
x³ + 7x² + 12x + 5
x+2
The quotient is

Answers

The quotient will be x² + 5x + 2 and the remainder will be 1.

Synthetic division method is a method used to divide polynomials. It is used to divide polynomial with a linear factor whose leading coefficient is 1.

We will factorize x³ + 7x² + 12x + 5 by x + 2 using synthetic division method.

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y=-2x^2+20x-2 what is the maximum or minimum value of the function

Answers

The Minimum value is y(min) = 48 , x = 5 and The maximum value is   [tex]y = -2(x -5)^2+48[/tex]

Given,

In the question:

The given Function is :

[tex]y = -2x^2 + 20x -2[/tex]

To find the maximum or minimum value of the function:

Now, According to the question:

For maximum value:

The given Function is :

[tex]y = -2x^2 + 20x -2[/tex]

Take out the leading coefficient is :

[tex]y = -2(x^2 + 10x) -2[/tex]

Complete the square:

[tex]y = -2(x^2 + (2(-5))x +(-5)^2+(-2-(-2).(-5)^2)[/tex]

Express the function in vertex form:

[tex]y = -2(x -5)^2+48[/tex]

For Minimum Value:

y(min) = 48

x = 5

Hence, The Minimum value is y(min) = 48 , x = 5 and The maximum value is   [tex]y = -2(x -5)^2+48[/tex].

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Brett tallies up the transactions in his check register and comes up with a total balance of $248.53, but his bank statement says that his balance is $257.72. Which of the following are still outstanding?

Answers

The amount that is outstanding when Brett tallies up the transactions in his check.is $9.19.

How to calculate the value?

From the information, Brett tallies up the transactions in his check register and comes up with a total balance of $248.53, but his bank statement says that his balance is $257.72.

The amount that is outstanding will be the difference between the amount given. This will be:

= Bank statement - Total balance

= $257.72 - $248.53

= $9.19

This is the outstanding amount.

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In need of help!!!!
Jack want to build sheds near his house, so he's taking sand from his house to the garden. It take 3/4 of an hour to move the sand from his house to the garden, which fills one fourth of the shed.

What is the rate at which Mr. Lozano is moving sand per hour?

Answers

The rate at which Mr. Lozano is moving sand per hour is one third of sand that could fill the area

How to find the rate at which Mr Lozano/Jack is moving sand per hour

The problem is rate of work and will be solved by comparing the data given

Mr Lozano take 3/4 of an hour to move the sand from his house to the garden, which fills one fourth of the shed, hence

3/4 = 0.75, and one fourth = 1 / 4 = 0.25

if in 0.75 hour Mr Lozano will fill 0.25 of the shed how many will he fill in 1 hour

0.75 hour = 0.25

1 hour = ?

cross multiplying gives

0.75 * ? = 0.25 * 1

? = 0.25 / 0.75

? = 0.3333

? = 1 / 3

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Solve: √x-4= -2
a) x=2
b) x=8
c) There is no solution.
d) x=0

Answers

The solution of the square root equation is x = 8

What is a square root?

A square root is a number such that when multiplied by itself, it gives another number.

The square root of a number x is given by √x

How to solve the square root equation?

Given the square root equation above, we have that

√(x - 4) = - 2

To solve this equation, first, we remove the square root by squaring both sides of the equation. So, we have that

√(x - 4) = - 2

√(x - 4)² = (- 2)²

x - 4 = 4

Adding the number 4 to both sides of the equation, we have that

x - 4 + 4 = 4 + 4

x + 0 = 8

x = 8

So, the solution of the equation is x = 8

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explain the error
rational numbers
3.4
integers
-1.2
whole numbers
-2 3

Answers

Answer: -2 isn’t a whole number and -1.2 isn’t a integer.

On an architect's blueprint, 1 inch corresponds to 4 feet. Find the length of a wall represented by a line 1 inches long on the blueprint​

Answers

The length of wall in real life is 4 feet.

Given that on an architect's blueprint, 1 inch corresponds to 4 feet.

In this architect's plan, a wall represented by a line 1 inches long on the blue print.

So, the length of wall in real life is = 4 feet.

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Answer:

4ft

Step-by-step explanation:

If 1 inch corresponds to 4 ft on the blueprint. The ratio is 1 inch on the blue print for every 4 ft in real life.

Whats the answer to this?

Answers

The required image of points (-4, 6) is (-6, -4) as per the given condition,

What are functions?

Functions are the relationship between sets of values. e g y=f(x), for every value of x there is its exists in a set of y. x is the independent variable while Y is the dependent variable.

Here,

As the image of the point (5, -1) is mapped as, (1, 5),
Which implies a function that (x, y) mapped as (-y , x)
So for (-4, 6) mapped as (-6, -4)

Thus, the required image of points (-4, 6) is (-6, -4) as per the given condition,

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The Top-Notch Middle School had athletes from all the grades playing on a sports team.


6th grade 7th grade 8th grade
Basketball 2 4 7
Baseball 1 6 5
Soccer 7 4 4
Football 8 15 10


Explain what the ratio 8:73 represents.

A: The ratio 8:73 represents the ratio of total athletes to 7th grade football players.
B: The ratio 8:73 represents the ratio of 6th grade football players to total athletes.
C: The ratio 8:73 represents the ratio of 8th grade baseball players to total athletes.
D: The ratio 8:73 represents the ratio of 6th grade athletes to total athletes.

Answers

The ratio 8:73 represents B: The ratio 8:73 represents the ratio of 6th grade football players to total athletes.

What is a ratio?

It should be noted that ratio demonstrates how many times one number can fit into another number as they contrast two numbers by ordinarily dividing them. A/B will be the formula if one is comparing one data point to another data point.

In this case, the football players for 6rh grade is 8 and the total number of athletes is 73.

Therefore, the ratio that illustrates this is 8:73.

In conclusion, the correct option is B.

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Answer:

b

Step-by-step explanation:

i took the test and its right :)

the width of a desk is 3 inches lees than its length write an expression to represent the width of the desk

Answers

The expression to represent the width of the desk is (x-3) inches where x is the length of the desk.

According to the question,

We have the following information:

The width of a desk is 3 inches less than its length.

Now, let's take the length of the desk to be x inches.

Now, we will convert the given word sentence using this variable into an algebraic expression.

Note that the words less than means that the number has to be subtracted from the length of the desk.

So, we have the following expression:

Width of the desk = (x-3) inches

Hence, the expression to represent the width of the desk is (x-3) inches where x is the length of the desk.

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8 (a) Write 0.000089 in standard form.

Answers

Answer: 0.000089

Step-by-step explanation: 0.000089 is already in standard form, if you want 0.000089 in the scientific form then that would be...

8.9 x 10⁻⁵

2. Write each of the following as a power function in the form f(x) = kx^p.
f(x) = -3/2x^5

Answers

The simplified power functions are a) f(x) = [tex]\frac{-3}{2} x^-5[/tex] and b)g(x)=5[tex]x^\frac{1}{3}[/tex] .

What is power function ?

A function having a single term that is the sum of a real number, a coefficient, and a variable raised to a fixed real number is called a power function. Consider functions for area or volume as examples (a number that multiplies a variable raised to an exponent is known as a coefficient). A power function is a function where y = x n, where n is any real constant number. In reality, many of our parent functions, including linear and quadratic functions, are power functions.

Here ,

a) f(x) = [tex]\frac{-3}{2x^5}[/tex]

To write in the form of f(x)= [tex]kx^p[/tex]

=> f(x) = [tex]\frac{-3}{2}* \frac{1}{x^5}[/tex]

=> f(x) = [tex]\frac{-3}{2} x^-5[/tex]

b) g(x) = 5[tex]\sqrt[3]{x}[/tex]

Here we know that [tex]\sqrt[n]{a} = a^\frac{1}{n}[/tex] , then

=>g(x)=5[tex]x^\frac{1}{3}[/tex]

Hence the simplified power functions are a) f(x) = [tex]\frac{-3}{2} x^-5[/tex] and b)g(x)=5[tex]x^\frac{1}{3}[/tex] .

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Please help 25 points

Answers

Answer: 6x - 4 = 68

Step-by-step explanation:

           Vertical angles are congruent to each other. The two angles given, 6x - 4 and 68, are vertical angles. This means we can set them equal to each other for our equation. Using this logic, the answer is;

                         6x - 4 = 68

Drag and drop each item into the appropriate space.
Given: WXYZ is a parallelogram; overline WY is a transversal
Prove: triangle WXY cong triangle YZW X
Statement Reason
1. WXYZ is a parallelogram overline WY is a transversal
2 overline XY cong overline WZ :; overline XW cong overline YZ
3 . angle WYX cong angle YWZ 4 overline WY cong overline WY
5. triangle WXY cong triangle YZW
Reflexive Property
Definition of a parallelogram
ASA
Alternate interior angles are
Given

Answers

Ok in order from the top to the bottom:


Given ( It is always the first )

Definition of Parallelogram

Alternate interior angles are congruent

Reflexive property

ASA (angle side angle)



-1/2u+3/5=1/6 What is u?

Answers

Hello, there today we will be solving your problem

_____________________

[tex]\huge\blue{\mid{\fbox{\tt{Answer}}\mid}}[/tex]

[tex]u=\frac{13}{15}[/tex]

[tex]\huge\blue{\mid{\fbox{\tt{Explanation}}\mid}}[/tex]

Definitions

Multiplication - Multiplication, otherwise known as the inverse of division repeats a certain number's value into what it has been multiplied by. Ex. [tex]4\cdot4=16[/tex]

Fraction - A fraction represents a part of a whole or, more generally, any number of equal parts. When spoken in everyday English, a fraction describes how many parts of a certain size there are, for example, one-half, eight-fifths, or three-quarters.

Algebra - Algebra is one of the broad areas of mathematics. Roughly speaking, algebra is the study of mathematical symbols and the rules for manipulating these symbols in formulas; it is a unifying thread of almost all mathematics

Reciprocal - In mathematics, a multiplicative inverse or reciprocal for a number x, denoted by [tex]\frac{1}x[/tex] or x⁻¹, is a number which when multiplied by x yields the multiplicative identity, 1. The multiplicative inverse of a fraction [tex]\frac{a}b[/tex] is [tex]\frac{b}a[/tex]. For the multiplicative inverse of a real number, divide 1 by the number.

_____________________

Now we can solve this equationStep one - Subtract:   [tex]-\frac{1}{2} u=\frac{1}{6}-\frac{3}{5}[/tex]Step two - Simplify: [tex]-\frac{1}{2} u=-\frac{13}{30}[/tex]Step three - Multiply by the reciprocal of [tex]-\frac{1}2[/tex]: [tex]-\frac{1}{2}u\cdot -\frac{2}{1}=-\frac{13}{30}\cdot -\frac{2}{1}[/tex]Step four- Simplify: [tex]u=\frac{13}{15}[/tex]Your answer is  [tex]u=\frac{13}{15}[/tex]

Select the correct answer. What is this equation rewritten in logarithmic form? 9x = 3
A. log9 3 = x
B. logx 3 = 9
C. log3 9 = x
D. log3 x = 9

Answers

Answer:

A. [tex]\log_9{3}=x[/tex]

Step-by-step explanation:

[tex]y=e^x\rightarrow\log_e{y}=x[/tex]

Therefore,

[tex]3=9^x\rightarrow\log_9{3}=x[/tex]

Answer the question in the picture.

Answers

Pretty sure it’s 18

Complete sheet below

Answers

Answer:

1: D

2: B

3: A

D: C

Step-by-step explanation:

Given that a geometric progression has a = -2 and r = -0.5, Determine values for the: (i) fifth term of the GP. [3 marks] (ii) sum of the first 20 terms [4 marks]

Answers

The fifth term of the geometric progression is -0.125 and the sum of the first 20 terms is  [tex]\frac{4}{3}(\frac{1-2^{20} }{2^{20} }) }[/tex]

What is a geometric Progression?

A geometric progression or a geometric sequence is the sequence, in which each term is varied by another by a common ratio.

All terms of a geometric progression have a common multiple called the common ratio.

if a = -2, which is first term

r = -0.5 which is common ration,

Then fifth term = a[tex]r^{4}[/tex]

substitute a and r into the above equation, you have

fifth term = (-2)([tex](-0.5)^{4}[/tex] = - 0.125

sum of G.P when the common ratio is less than 1, we have

[tex]\frac{a(1 - r^{n} )}{1 - r}[/tex]

where n = number of terms = 20

sum = [tex]\frac{-2(1 - (-0.5)^{20}) }{1--0.5}[/tex] =  [tex]\frac{4}{3}(\frac{1-2^{20} }{2^{20} }) }[/tex]

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Andrew solved the following inequality, and his work is shown below:
−4(x + 8) + 25 ≤ −2 + 1(x − 50)
−4x − 32 + 25 ≤ −2 + 1x − 50
−4x − 7 ≤ 1x − 52
−5x ≤ −45
x ≤ 9
What mistake did Andrew make in solving the inequality?

Answers

Answer:

  Andrew failed to change the direction of the inequality

Step-by-step explanation:

You want to know the mistake in Anderw's work solving the inequality ...

  −4(x + 8) + 25 ≤ −2 + 1(x − 50)

Solution

−4(x + 8) + 25 ≤ −2 + 1(x − 50)

−4x − 32 + 25 ≤ −2 + 1x − 50

−4x − 7 ≤ 1x − 52

−5x ≤ −45

x ≥ 9

Andrew's mistake was failing to reverse the inequality symbol when dividing by a negative number (-5) at the last step.

__

Additional comment

The last steps of the solution could be written ...

  -5x ≤ -45

  45 ≤ 5x . . . . . . . add 5x+45 to both sides

  9 ≤ x . . . . . . . . . divide by 5 (no reversal of ≤ is needed)

ERROR ANALYSIS Describe and correct the error in finding m/1. X 115° +39° + m/1 = 360° 154° +m1 = 360° m1= 206​

Answers

That’s correct I hope I helped

) Nike deposits N5,000.00 in a savings bank account. If she is paid an interest rate of 5% per annum for 2 years, how much is the simple interest? NOO. O​

Answers

The simple interest that Nike will receive after 2 years is $500.

The principal amount =$5000

Rate = 5% = 0.05

Time = 2 years

Now simple interest = PRT = 5000 × 0.05 × 2 = 500

Hence the simple interest earned by Nike is $500

Calculating the amount of interest that will be owed on a sum of money at a certain rate and for a specific period of time is possible using simple interest.

Simple interest does not change the principal amount in the same way as compound interest, which adds the interest of one year's principal to the next year's principal to calculate interest.

A loan is a sum of money that a person obtains from a bank or another type of financial institution in order to pay bills. A few types of loans are personal, student, auto, and mortgage loans.

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a.) find the test statistic
b.) what is the p-value
c.)what is the conclusion about the null hypothesis
d.) what is the final conclusion?

Answers

a) The test statistic is: t = 1.85.

b) The p-value is: 0.0648.

c) The null hypothesis is not rejected.

d) There is not sufficient evidence to conclude that the population mean is different of 4.

What is the test statistic?

The standard deviation is known only for the sample, hence the t-distribution is obtain the test statistic.

The test statistic of the t-distribution is given by the equation presented as follows:

[tex]t = \frac{\overline{x} - \mu}{\frac{s}{\sqrt{n}}}[/tex]

In which the variables of the equation are given as follows:

[tex]\overline{x}[/tex] is the sample mean.[tex]\mu[/tex] is the value tested at the hypotheses.s is the standard deviation of the sample.n is the sample size.

For this problem, the values of these parameters are as follows:

[tex]\overline{x} = 4.32, \mu = 4, s = 4.24, n = 600[/tex]

Hence the test statistic is obtained as follows:

[tex]t = \frac{\overline{x} - \mu}{\frac{s}{\sqrt{n}}}[/tex]

[tex]t = \frac{4.32 - 4}{\frac{4.24}{\sqrt{600}}}[/tex]

t = 1.85.

P-value and conclusion

The p-value is obtained using a t-distribution calculator, with a two-tailed test, as we are testing if the mean is different a value, with 600 - 1 = 599 df and t = 1.85, hence it is of 0.0648.

Since the p-value is greater than the significance level of 0.01, it is found that the conclusion regarding the null hypothesis is that it is not rejected, meaning that the sample does not give sufficient evidence to conclude that the population mean is different of 4.

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Drag each tile to the correct box. Not all tiles will be used.
Find the equations with unit rates greater than the unit rate of the graph. Then arrange these equations in order from least to greatest unit rate.

Answers

The equations in order from least to greatest unit rate are y = 13/6x,y = 11/5x, y = 21/9x and y = 19/8x

How to determine the equations with unit rates greater than the unit rate of the graph?

On a graph, the unit rate is obtained by calculating the slope of the line. The slope is the change in y divided by the change in x:

Slope = y2-y1 / x2-x1  

Thus, we can any two convenient points on the graph and use it calculate the slope:

Let's pick points (5, 10) and (12, 25)

This implies x1 = 5, y1 = 10 and  x2 = 12, y2 = 25

Slope = y2-y1 / x2-x1

Slope = 25-10 / 12-5 = 15/7

Thus,  the unit rate of the graph is 15/7 = 2.143

Find the equations with unit rates greater than the unit rate of the graph:

y = 19/8x: unit rate = 19/8 =  2.375

y = 27/13x: unit rate = 27/13 = 2.077

y = 21/9x: unit rate = 21/9 = 2.333

y = 11/5x: unit rate = 11/5 = 2.200

y = 15/17x: unit rate = 15/17 = 0.882

y = 31/15x: unit rate = 31/15 = 2.067

y = 13/6x: unit rate = 13/6 = 2.167

The equations with unit rates greater than the unit rate of the graph are y = 19/8x, y = 21/9x, y = 11/5x and y = 13/6x

Therefore, the equations in order from least to greatest unit rate are y = 13/6x,y = 11/5x, y = 21/9x and y = 19/8x. Drag each tile to the correct box accordingly

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