James knows that he eventually wants to buy a motocycle, and the model he has in mind cost $5000. he has found a bank that will let him open a saving account with 7% interest that is compounded monthly. if he wants to buy his motocycle in 5 years ( he's still nervious) how much money should he invest in the account now

Answers

Answer 1

He should invest $86.29 in the account now, which has a 7% interest compounded monthly.

Compound interest refers to the amount of interest added on the principal amount plus interest. The formula for compound interest is:

B = P(1 + r/n)^t

where B is the ending balance, P is the principal amount or original balance, r is the interest rate in decimal form, n = number of times interest is compounded monthly, and t is the time in number of months

Based on the given information, P is the unknown and

B = $5000

t = 5 years = 60 months

r = 7% = 0.07

n = 1

Plug in the values and solve for P or the amount that should be invested today.

B = P(1 + r/n)^t

$5000 = P(1 + 0.07/1)^60

$5000 = P(1.07)^60

P = $5000/(1.07)^60

P = $86.29

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Related Questions

Pls help asap
Number 3

Answers

Answer:

No

Step-by-step explanation:

The value that corresponds with the other value on a data (34 to 2, 51 to 3, 68 to 5 etc.) needs to have the same quotient (or ratio) when you compare them.

34/2 = 51/3 ? Yes (but you can't stop here because you need to test ALL the values, what I mean is ALL the values UNTIL you found one that is not equal to each other, if all of them are equal, then the data are proportional.

34/2 = 68/5 ? No (Now you can stop here and say it's not proportional because we already found one pair that are not equal).

Mr.Hollis determines that he gives away 800each month if he gives away 16 of his budget then how much is his overall budget

Answers

The overall budget the Mr Hollis has is $12800.

What is fraction?

A fraction is simply a piece of a whole. The number is represented mathematically as a quotient where the numerator and denominator are split. In a simple fraction, the numerator as well as the denominator are both integers.

In this case, Mr.Hollis determines that he gives away 800 each month and the fraction is 1/6 of his budget.

The value of the overall budget will be illustrated as x.

Therefore 1/16 × x = 800

x / 16 = 800

x = 16 × 800

x = 12800

Hollis has $12800 as budget.

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the table below gives the annual sales (in millions) of a product. year 1998 1999 2000 2001 2002 2003 2004 2005 2006 sales 273 327 369 399 417 423 417 399 369 what was the average rate of change of annual sales a) between 2001 and 2002 millions of dollars/year b) between 2001 and 2006 millions of dollars/year

Answers

Main answer:

a) 18 millions of dollars/year

b) 6 millions of dollars/year

Step-by-step explanation:

a) the average rate of change of annual sales between 2001 and 2002 millions of dollars/year

Average rate = (Final year - Initial year) / (Sales on Final year - Sales on Initial year)

                     = (417 - 399) / (2001 - 2002)

                     = 18 / 1

                     = 18 millions of dollars/year

b) the average rate of change of annual sales between 2001 and 2006 millions of dollars/year

Average rate = (Final year - Initial year) / (Sales on Final year - Sales on Initial year)

                      = (369 - 399) / (2006 - 2001)

                      = 30 / 5

                      = 6 millions of dollars/year

The average rate of change of annual sales between 2001 and 2002 is 18 millions of dollars/year ,  between 2001 and 2006 is 6 millions of dollars/year

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Which statement is true?

This table does not show a probability distribution.
This table shows a probability distribution.

Answers

After using the probability distribution table, the given table does not show a probability distribution. The statement 1 is correct.

In the given question, we have to check which statement is correct regarding to the given option.

The given statements are:

(1) This table does not show a probability distribution.

(2) This table shows a probability distribution.

Before checking the statement we learn about a probability distribution table.

In a probability distribution table every result of a statistical experiment is connected to the likelihood that the result will actually occur. An experiment's result is recorded as a random variable, which is typically written with a capital letter.

As we can see that there is given the probability of having the blue, green, yellow and red color.

So the given table does not show a probability distribution.

So the statement 1 is correct.

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the profit y (in dollars) for a business from selling x games is represented by y=33x graph the equation



THIS IS URGENT!!! SOMEONE PLEASE RESPOND!!!!

ty!

Answers

Answer: check the image attached

Step-by-step explanation:

Hope this helps

Answer:

Just point the graph on Y=33x+0

Step-by-step explanation:

There's no B or starting point, so you would just plant the point on 0,33

16. Points X, Y, and Z are collinear, and Y is
the midpoint of XZ. Find the value of b.

Answers

Answer:

12=b

Step-by-step explanation:

2b+7=3b-4 is what your gonna do ti solve the problem because both segments have the same length. Then you solve for b by -2b from each side. Then it will become 7=b-4. Add 4 to the seven to get 12=b

Stacy bought 8.3 pounds of fruit for a class party. The class ate 7.44 pounds of the fruit. How much fruit is left?

Answers

Answer: 0.86 pounds of fruit

Step-by-step explanation:

8.3-7.44=0.86

A 132 ​-inch is cut into two pieces. One piece is times the length of the other. Find the length of the shorter piece.

Answers

The length of the shorter piece is 33 inches.

According to the question,

We have the following information:

A 132 ​-inch is cut into two pieces. One piece is three times the length of the other.

Now, let's take the length of the shorter piece to be x inches and the length of another piece will be 3x inches.

Now, we have the following expression:

x+3x = 132

4x = 132

4 is in multiplication on the left hand side. So, it will be in the division on the right hand side.

x = 132/4

x = 33 inches

Hence, the length of the shorter piece is 33 inches.

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Can anyone state the vertex of the graph?

Answers

The graph has no vertex

The transformations from the parent function are

Vertical shift down 2Horizontal shift left 4

How to determine the vertex?

The graph represents the given parameter

As a general rule, the maximum or the minimum of a graph is the vertex

However, the graph has no maximum or minimum

This means that there is absence of a vertex in the graph

The transformation

Here, we have:

The graph is translated 4 units to the left of the origin The graph is translated 2 units below the origin

This transformation can be represented as (x - 4, y - 2)

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Corinne and Deanna decide to race from one corner of an open field to the other. The field is rectangular in shape, 60 meters long and 80 meters wide. Since Corinne is older and faster, she's going to run along the outside of the field, and Deanna will take the diagonal route. If Deanna can run at a rate of 5 meters per second, how fast will Corinne have to run to get there at the same time as Deanna?

Answers

Answer:

Corinna will have to run at 7 meters per second to get there at the same time as Deanna.

Step-by-step explanation:

So to find the distance of Deanna's route, you can use the Pythagorean theorem.

a^2 + b^2 = c^2

60^2 + 80^2 = 10000

c^2 = 10000

Take the square root of both sides.

c = 100

So Deanna runs 100 meters at 5 meters per second.

100/5 = 20

She runs for 20 seconds.

To find Corinne's distance, we add 60 and 80, which is 140.

To find how fast she need to run to get there in 20 seconds, you divide 140 by 20, which gets 7 (meters per second). You can also think of it like this: to run 140 meters in 20 seconds, she has to run at 140 meters per 20 seconds, which you can simplify (like a fraction) to 7/1, or just 7

How many triangles are in the figure below?
- 5
- 6
- 7 < answer
- 8

This question isn't possible, so I missed it and checked afterwards. Here's the answer for anyone else who may cross it's path. If possible, I'd love to know why 7 is the answer. I really have no idea.

Answers

Answer:

7 is correct.

There are 4 small triangles, 2 medium-sized triangles, and 1 large triangle.

Peni needs $1.20 daily for bus
fares, 50 cents daily to spend at the school canteen and $1.00 per day for newspaper.​

Answers

Answer:

Peni will need a total of $17.90

Step-by-step explanation:

$1.20 x 7 = $8.40

$0.50 x 5 = $2.50

$1.00 x 7 = $7.00

$8.40 + $2.50 + $7.00 = $17.90

You're putting 81 feet of molding
along the walls around a rectangular
room that's 12 feet wide; what is the
area of that room (if you subtracted
3 feet for the width of the door)?

Answers

Answer:

360 sq feet

Step-by-step explanation:

The width of the room is given in the question, 12 feet.

We don't know the length. Let's call the length x.

x = length

We were also given the perimeter, 81, that's the distance around the sides...

all the sides added up.



Use x for the long wall.

Use x-3 for the wall with the door in it.

x + 12 + x-3 + 12 = 81

combine like terms

2x + 21 = 81

subtract 21

2x = 60

divide by 2

x = 30

The room is 30 feet long by 12 feet wide.

Area =

length × width

= 30 × 12

= 360

The area of the room is 360sq feet.

Please help now asap !!! Due tomorrow

Answers

Answer:

Step-by-step explanation:

it help by showinbng thta

The polynomial f(x) = 2x ^ 3 + a * x ^ 2 + bx + 6 is exactly divisible by 2x - 3 and has the remainder -28 when divided by (x + 3) a) find the values of a and b. b) solve the equation f(x) = 0

Answers

The polynomial f(x) = 2x³ + ax² + bx + 6 is exactly divisible by 2x - 3. The values of a and b are a = 131/27 and b = -71/9

To solve the problem, use the polynomial remainder theorem. If a polynomial f(x) is divided by a linear function with zero x = a, then the remainder r = f(a).

The given polynomial is:

f(x) = 2x³ + ax² + bx + 6

- The polynomial is exactly divisible by (2x-3) means:

f(3/2) = 0

2. (3/2)³ + a(3/2)² + b(3/2) + 6 = 0

27 + 9a + 6b + 24 = 0

9a + 6b = - 51 (equation 1)

- f(x) divided by (x+3) has remainder -28

f(-3) = -28

2. (-3)³ + a(-3)² + b(-3) + 6 = -28

9a - 3b = 20  (equation 2)

Substract equation 2 from equation 1

9a + 6b = -51

9a - 3b =  20 _

      9b = -71

         b = -71/9

9a - 3(-71/9) = 20

9a = 131/3

a = 131/27

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A triangle has an angle that measure 36.6° and a second angle that measures 59.3°. What is the
measure of the third angle?
2 pts

Answers

Answer: 82 is the answer

Step-by-step explanation: I just did this question and worked it out and it said it was right

1. which of these variables are discrete and which are continuous random variables? (a) the number of new accounts established by a salesperson in a year. (b) the time between customer arrivals at a bank atm. (c) the number of customers at big nick's barber shop. (d) the amount of fuel in your car's gas tank. (e) the number of minorities on a jury. (f) the outside temperature today.

Answers

The discrete and continuous random variables are-

a) Discrete; (b) Continuous; (c) Discrete; (d) Continuous; (e) Discrete; (f) Continuous

Define the term discrete and continuous random variables?Discrete variables are those whose values may be measured through counting. Contrarily, random variables which it reflect something are designated continuous variables.

(a) So because number of new accounts is counted, (a) discrete (like, non-negative integers).

(b) Continuous, given that the interval between customer arrivals may have decimal values (like 2.9 minutes or 27.75 seconds).

(c) Because the quantity of clients is counted, (c) discrete (like, non-negative integers).

(d) Continuous, as the fuel consumption can have decimal values (like 15.5 gallons).

(e) Since this number of minorities is counted, (e) discrete (like, non-negative integers).

(f) Continuous since the outdoor temperature can be expressed in decimal degrees (e.g., 7.78 C).

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The bids in an online auction are represented by the arithmetic sequence shown below. Write an explicit formula to represent the bids as an arithmetic sequence. What is the twelfth bid?
195, 205, 215, 225,...
A(n) =
A(12) =
(Type an expression using n for the variable.)
(Simplify your answer.)

Answers

(a) The nth term of the sequence is given by A(n)=195 + (n - 1)10.

(b) The 12th term of the sequence is A(12) = 305.

What is an arithmetic sequence?

One arithmetic progression with a common difference of 2 is the sequence 5, 7, 9, 11, 13, 15,...

The term "finite arithmetic progression" or "arithmetic progression" refers to a limited segment of an arithmetic progression.

A mathematical sequence has the following structure: a, a+d, a+2d, a+3d, etc., up to n terms. The initial term is a, the shared distinction is d, and n is the total number of words. Find the AP, the first term, the number of terms, and the common difference for the computation using the arithmetic sequence formulae. To determine the nth term, sum, or common difference of a given arithmetic sequence, many formulae related to arithmetic series are utilized.

A(n)=195+(n-1)10

The given arithmetic sequence is 195, 205, 215, 225,.....

The first term a =195

The common difference d= 205-195

d =215-205

d =225-215

So, d = 10

(a) The nth term is given by

A(n)=a+(n-1)d

A(n)=195+(n-1)10

(b) For n=12, the 12th term is given by

A(12)=195+11(10)

A(12)=305

Therefore, A(n)=195+(n-1)10

And A(12)=305

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/what is y-5x=3 solve for Y

Answers

Answer:

y=3+5x

Step-by-step explanation:

Add 5x to both sides.

The answer is y=3+5x!

Nigel is selling candy bars for his outdoor club. He is averaging 4 bars every 3 days. If he continues at this rate, how many days will it take to sell his box of 35? Answer in whole number form and round up to the next whole number.

Answers

The number of days that it will take to sell his box of 35 is 21 days.

What is a ratio?

Ratio simply demonstrates how many times one number can fit into another number. Ratios contrast two numbers by ordinarily dividing them. A/B will be the formula if one is comparing one data point (A) to another data point (B).

In this case, Nigel is selling candy bars for his outdoor club and he is averaging 4 bars every 3 days.

Let the number of days be x.

This will be:

3/x = 4/35

Cross multiply

4x = 3 × 35

x = (3 × 35)/4

x = 105 / 4

x = 21

It will take 21 days

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Write an equation of a line that passes through (-1,2) and is parallel to a line with x-intercept (3,0) and y-intercept (0,1).

Answers

The Equation of line is y= -1/3x + 5/3

What is slope?

A line's slope is determined by how its y coordinate changes in relation to how its x coordinate changes. y and x are the net changes in the y and x coordinates, respectively. Therefore, it is possible to write the change in y coordinate with respect to the change in x coordinate as,

m = Δy/Δx

where, m is the slope

Given:

x-intercept = (3,0) and y-intercept =  (0,1).

slope, m= 0-1/ 3-0= -1/3

so, The slope-intercept form of the equation of a line is

y= mx + b

y= -1/3x +b

Now, the passes through (-1, 2) we get

2= -1/3(-1) + b

2- 1/3= b

b= 5/3

So, the Equation of line is y= -1/3x + 5/3

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For a snack, Miss Johnson gives her class graham crackers. She has a package of 30
graham crackers to share equally among twelve students.
How many graham crackers should each student receive?
Dividing
?
graham crackers among
Each student gets
crackers.
students can be found by solving

Answers

Answer:

each student get 2.5 of graham crackers

Step-by-step explanation:

[tex]total \: students \: = 12 \\ graham \: crackers \: = 30 \\ 30 \div 12 \\ = 2.5[/tex]

Use the rules of measurement to divide

Answers

Answer:

[tex] \frac{ {m}^3{} }{25} [/tex]

Step-by-step explanation:

that is the answer

Which statement best analyzes the role this event plays in the plot?

In "The Necklace" Mathilde realizes too late that the necklace is a fake.

Answers

The statement that best analyzes the role this event plays in The Necklace plot is A. It leads to the resolution where Mathilde learns (a little too late) a lesson about the downfall that can come from vanity and greed.

How to illustrate the information?

There are both planned and unplanned events, and the start and end times may be noted. Event types include accidents, celebrations, natural disasters, and rallies. The event is the occurrence of the event.

Loisel is well-liked and adored by all. As she walks away, she searches for the pendant and discovers it has gone missing. After days of searching, she and her husband decide to replace it with something similar. It takes her ten decades to pay for the successor, which costs the same as your salary.

In this case, it best analyzes the role this event plays in leading to the resolution where Mathilde learns a lesson about the downfall that can come from vanity and greed The plot of The Necklace.

Therefore, the correct option is A.

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Complete question

Which statement best analyzes the role this event plays in The Necklace plot?

“Oh, my poor Mathilde! Why, my necklace was paste! It was worth at most only five hundred francs!”

It leads to the resolution where Mathilde learns (a little too late) a lesson about the downfall that can come from vanity and greed.

It is the climax of the story since the reader is most excited at this point.

It serves as a complicating incident because Mathilde will have to suffer the consequences of her actions.

It serves as the falling action because it shows that Mathilde will have to get used to her place in life.

Zachary is applying biomechanics to develop a specialized bat for a professional player. What does he compar
the hitter to?
Oa machine
O a computerized model
O another professional player
O a 3-D diagram

Answers

Answer:

Another Professional Player

The sum of two numbers is 12. The difference of the same two numbers is -4. Wht is the smaller number?

Answers

Answer:

The smaller number is 4.

Step-by-step explanation:

X and Y are the two numbers

x+y=12

x-y=-4

Subtract these two equations

(x+y=12)

-(x-y=-4)

—————-

2y=16

y=8

Plug it in to any equation:

x+y=12

x+8=12

x=4

2 Dora has solved the equation 4(x - 1) = 11
4(x - 1) = 11
4x41 = 11
4x = 52
x = 13
Dora is incorrect. Explain her mistake.
Dora put the x es
and did 4x11
11 and
Find the correct solution to 4(x − 1) = 11
I mark

Answers

Dora solved the equation.

She multiplies 4 inside the bracket. But she fails to know that 4× -1 = -4. Instead she multiplied that 4×-1 = -41. This is her first mistake.

In the second step, she shifted -41 to the right side in order to find the value of x. As -41 gets shifted to right side , -41 becomes +41 and added with +11 to get 52. which is totally a wrong method.

Step-by-step explanation:

Here is the exact method of solvation.

[tex]{ \blue{ \bold{4(x - 1) = 11}}}[/tex]

[tex]{ \blue{ \bold{4x - 4 = 11}}}[/tex]

[tex]{ \blue{ \bold{4x = 11 + 4}}}[/tex]

[tex]{ \blue{ \bold{4x = 15}}}[/tex]

[tex]{ \blue{ \boxed{ \red{ \sf{x = \frac{15}{4}}}}}} [/tex]

can someone help its easy but im lazy plssss

Answers

The equation which represents the price of the ticket after the discount is y = 0.25x.

What is a linear equation?

A linear equation is defined as the relation between two variables, if we plot the graph of the linear equation we will get a straight line.

Given that the movie theatre is giving a discount of 75% the original cost of the ticket is x and discounted cost is represented by the variable y.

The equation for the cost of the ticket will be written as,

y = x - 0.75x

y = 0.25x

The graph of the linear equation is attached with the answer below.

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A window in the room has an actual width of 2. 5 feet. What is the width of the window in the blueprint? (same scale 3 in:5 ft)

Answers

The window width in the blueprint is 1.5 in.

Define the meaning of the term scale factor?A scale factor is a designation for figures with similar appearances but differing scales or measures.Assume two circles appear identical but have different radii. The scale factor specifies how much larger or smaller a figure is compared to the original figure.

As per the given question-

A window in the room measures 2. 5 feet in width.

The given scale is-

Blue print (inches) : original (feet)

3 in : 5 ft

Divide both side by 2

1.5 in : 2.5 ft

Window's width in Blue print (inches) = 1.5 in.

As a result, the window width in the blueprint is 1.5 in.

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8+ (-3) + (-8)

NEED HELP

Answers

your answer would be -3

Answer:

[tex]-3[/tex]

Step-by-step:

[tex]8+ (-3) + (-8)[/tex]

1  ) Combine like terms...

[tex]=5 - 8[/tex]

2 ) Solve...

[tex]= - 3[/tex]

Hope this helps! :)

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