Suppose that a family wants to start a college fund for their child. If they can get a rate of 7. 5%, compounded monthly, and want the fund to have a value of $75,000 after 18 years, how much should they deposit monthly? Assume an ordinary annuity and round to the nearest cent. A. $164. 98 b. $165. 30 c. $166. 21 d. $167. 52.

Answers

Answer 1

The amount that should deposit monthly is $164.98

The formula for calculating the compound amount is expressed as:

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

P is the amount investedA is the amount after 18 years = $75000r is the rate = 7.5% = 0.075t is the time in years = 18 yearsn is the compounding time = 12 (monthly)

Substitute the given values into the formula to have:

[tex]75000=P(1+\frac{0.075}{12} )^{12(18)}\\75000 = P(1.00625)^{216}\\75000 =P(3.84125)\\P = \frac{75000}{3.84125}\\P= \$19,524.89[/tex]

Hence the amount of money they started with is $19,524.89.

Amount to deposit monthly = 19,524.89/120

Amount to deposit monthly = $164.98

Hence the amount that should deposit monthly is $164.98

Learn more on compound interest here: https://brainly.com/question/24274034


Related Questions

A factory produces 1, 250, 000 toys each year. The number of toys is expected to increase by about 150% per year. Which model can be used to find the number of toys, N (in millions), being produced in t years?

Answers

The question is incomplete, the complete question is;

A factory produces 1,250,000 toys each year. The number of toys is expected to increase by about 150% per year. Which model can be used to find the number of toys being produced, n (in millions), in t years?

A. n= 2.5(1.5)/t, t cannot = 0

B. n= 1.5t^2 + 1.25

C. n= 1.5t + 1.25

D. n= 1.25(2.5^t)

Answer:

D. n= 1.25(2.5^t)

Step-by-step explanation:

This is an exponential growth problem. In mathematics, for an exponential growth problem;

P = Po(1 + r)^t

Where;

P= amount at time t

Po =initial amount

r= rate

t= time

In the context of the question we have;

n= 1.25(1 + 150/100)^t

n= 1.25(2.5)^t

Answer all


1) 4x*3x


2) 2/3+ 1/4

Answers

1)12x^2
2) 8+3/12
11/12

[tex]\large\textsf{Hey there!}[/tex]

[tex]\large\textsf{\# 1.}[/tex]

[tex]\large\textsf{4x} \times\large\textsf{3x}[/tex]

[tex]\large\text{COMBINE the LIKE TERMS}[/tex]

[tex]\large\textsf{4x}\times\large\textsf{3x = \bf 12x}\mathsf{\bf ^2}[/tex]

[tex]\boxed{\boxed{\large\textsf{Answer: \bf 12x}\bf ^2}}\huge\checkmark[/tex]

[tex]\large\text{\# 2.}[/tex]

[tex]\mathsf{\dfrac{2}{3}+\dfrac{1}{4}}[/tex]

[tex]\mathsf{= \dfrac{2\times4+1\times3}{3\times4}}[/tex]

[tex]\mathsf{2 \times 4 = \bf 8}[/tex]

[tex]\mathsf{1 \times 3 = \bf 3}[/tex]

[tex]\mathsf{3\times 4 = \bf 12}[/tex]

[tex]\mathsf{= \dfrac{8 + 3}{12}}[/tex]

[tex]\mathsf{8 + 3 = \bf 11}[/tex]

[tex]\mathsf{= \dfrac{11}{12}}[/tex]

[tex]\boxed{\boxed{\large\textsf{Answer: }\mathsf{\bf \dfrac{11}{12}}}}\huge\checkmark[/tex]

[tex]\large\textsf{Good luck on your assignment \& enjoy your day!}[/tex]

~[tex]\frak{Amphitrite1040:)}[/tex]

Simple geometry problem

Answers

Answer:

Step-by-step explanation:

I gather that you need to find the area of the sector and then subtract from it the area of the segment to get the area of the triangle (although there are other ways in which to find the area of the triangle).

The area of a sector is:

[tex]A=\frac{\theta}{360}\pi r^2[/tex] where our angle is given as 34, pi is 3.1415, and the radius is 5:

[tex]A=\frac{34}{360}(3.1415)(25)[/tex] and if you multiply and divide that all out you get that the area of the sector is:

A = 7.417

Now subtract from it the area of the segment, 2.209. to get the area of the triangle:

7.417 - 2.209 = 5.208

you should probably try reading the question first.

the arc measure and radius are given to you. now, it is up to you to use your brain and put two and two together. good luck.

Write the digits used in binary number system

Answers

Answer:

Binary number is a number expressed in the base-2 numeral system or binary numeral system, a method of mathematical expression which uses only two symbols: typically "0" (zero) and "1" (one). The base-2 numeral system is a positional notation with a radix of 2.

An airplane travels 4020 kilometers against the wind in 6 hours and 4800 kilometers with the wind in the same amount of time. What is the rate of the plane in still air and what is the rate of the wind?

Answers

Answer:

Rate of plane 735 km/hr

Rate of wind 65 km/hr

Step-by-step explanation:

Calculation to determine the rate of the plane in still air

Let Va represent the velocity of the airplane

Let Vw represent the velocity of the wind

When flying with the wind:

(Va+Vw)*(6 hours) = 4800

6Va + 6Vw = 4800

6Vw = 4800 - 6Va

Vw=4800/6-Va

Vw = 800 - Va

When flying against the wind:

(Va-Vw)*(6 hours) = 4020 km

6Va - 6Vw = 4020

Substitute 800-Va for Vw and solve for Va:

6Va - 6(800-Va) = 4020

6Va -4800 + 6Va = 4020

12Va = 8820

Va=8820/12

Va = 735 km/hr

Therefore the rate of the plane in still air is 735 km/hr

Calculation to determine the rate of the wind

Rate of wind:

Vw = 800 - Va

Vw= 800 -735

Vw= 65 km/hr

Therefore the rate of the wind is 65 km/hr

Please help explanation if possible

Answers

Answer:

Step-by-step explanation:

The equation for the direct variation is, for us (using f and m instead of y and x):

f = km, where k is the constant of proportionality. We need to solve for this first using the first set of given values:

-19 = k(14) so

[tex]k=-\frac{19}{14}[/tex] Now plug that in with second set of givens, namely to find f when m is 2:

[tex]f=(-\frac{19}{14})(2)[/tex] and

[tex]f=-\frac{19}{7}[/tex]

15÷7500
what is the answer

Answers

Answer:

Answer is 0.002

Step-by-step explanation:

15÷7500 = 0.002

Answer:

ampota ma,pakyu

Step-by-step explanation:

what is the answer dapalon taka karun

Help anyone can help me do the question,I will mark brainlest.​

Answers

Answer:

Step-by-step explanation:

S=pi*R^2=(area of the sector)*(360/angle of AOB)

so 22/7*9^2=99*360/angle of AOB

-> AOB=140

perimeter of circle: 2*pi*R

permiter of sector : 2*pi*140/360*R+ 2R=22+9*2=40

Solve for x: 5 [(x/6)-2] = 2x + 4

Answers

Answer:

-12 =x

Step-by-step explanation:

5 [(x/6)-2] = 2x + 4

Distribute

5/6x - 10 = 2x+4

Subtract 5/6x from each side

5/6x -10 -5/6x = 2x -5/6x +4

-10 =2x -5/6x +4

Subtract 4 from each side

-10-4 = 2x - 5/6x

Get a common denominator for the right side

-14 = 12/6x - 5/6x

-14 = 7/6x

Multiply each side by 6/7

-14 * 6/7 = 7/6 x * 6/7

-12 =x

Answer:

x = -12

Step-by-step explanation

Please hurry I will mark you brainliest

What is the slope of the line with an x-intercept of 4 and a y-intercept of -37

Answers

Step-by-step explanation:

Slope is [tex]\frac{rise}{run}[/tex], so the slope is [tex]\frac{y}{x}[/tex], which also equals [tex]-\frac{37}{4}[/tex].

Select the best answer to describe the parabola

Answers

Positive parabola that has a minimum.

It’s positive if it opens upward, negative if it opens downward. It has a minimum if it opens upward, and maximum when it opens downward.

Yesterday, the snow was 2 feet deep in front of Archie’s house. Today, the snow depth dropped to 1.6 feet because the day is so warm. What is the percent change in the depth of the snow?
The percent change in the depth of snow from yesterday to today is
%.

Answers

1.6/2 * 100 = 80%
100% - 80% = 20%

So the snow depth decreased 20%.

What is the rule for the nth term for number sequence 2;5;7;12;19

Answers

Add the two previous terms together to get your next answer: 2 + 5 = 7 , 7 + 12 = 19.

For num in range (1,10) : if num is %2 = = 0: print (num)

Answers

yfd sat fltfurjbhviccyvihkjobkb 47 I have

Hey plese helppppp . Question: Evaluate: b²- 4ac. if a=5, b=-2,c=-3 ​

Answers

Answer:

64

Step-by-step explanation:

b²- 4ac

Let a=5, b=-2,c=-3

(-2)^2 - 4(5) (-3)

4 +60

64

Answer:

64

Step-by-step explanation:

(-2)^2 - 4(5)(-3)

4 - - 60

64

Can you help please please helps

Answers

Answer:

2nd option

Step-by-step explanation:

Given

- np - 6 ≤ 3(c - 5) ← distribute

- np - 6 ≤ 3c - 15 ( add 6 to both sides )

- np ≤ 3c - 9

Divide both sides by - p , reversing the symbol as a result of dividing by a negative quantity.

n ≥ [tex]\frac{3c-9}{-p}[/tex]

For the following equation,find y when x = - 3. Then find x when y = 2. Y = 6x + 8

Answers

Answer:

When

when x = - 3 then y=. -10

when y = 2 then x =. -1

Which best describes the relationship between the lines with equations – 7x + 2y = 3 and
-6x + 3y = 2?

Answers

The association between the given lines is that they are 'neither perpendicular nor parallel.'

To prove, let's convert the given equations in their slope-intercept form i.e. 'y = mx + b'

-7x + 2y = 3

2y = 7x + 3

y = 7/2x + 3/2

-6x + 3y = 2

3y = 6x + 2

y = 2x + 2/3

This shows that both the lines have different slopes, as well as, intercepts of y. And,

[tex]m_{1} * m_{2}[/tex] = 2 * 7/2 ≠ -1

Thus, it is not perpendicular also.

Therefore, option D i.e. 'neither perpendicular nor parallel' is the correct answer.

Learn more about 'slope' here:

brainly.com/question/10973849

Sara brought a car for 16,586 and paid 1,038 for tax, title, and registration.Which equation shows about how much Sara paid, to the nearest hundred?

Answers

Answer:

P+T+t+R=TA

Step-by-step explanation:

this should help

Answer:

17,600

Step-by-step explanation:

16,586 + 1,038 = 17,624 ≈ 17,600

Find the value of x.

Answers

Step-by-step explanation:

here's the answer to your question

Please answer before 2:30!!!
There are 189 apples in a basket. How many children can share them equally?
List all numbers that apply.

Answers

For the equal distribution each child can take either 1 or 3 or 7 or 9 or 21 or 27 or 63 or 189 apple.

What is equal distribution?

The distribution of a something in a way that each will get same amount.

How 189 can be divided equally?

If the distribution is equally then each child should take, either 1 or 2 or 3 an so on means same amount.

For this we will check that 189 is divisible by which numbers.

Now we can see that 189 is divisible by 1, 3, 7, 9, 21, 27, 63, 189. It is clear that each child can take either 1 or 3 or 7 or 9 or 21 or 27 or 63 or 189 apple then the distribution will be equal means every child will have same amount of apple.

Therefore, the correct answer is 1, 3, 7, 9, 21, 27, 63, 189.

Learn more: https://brainly.ph/question/4734029

#SPJ2


The length of a rectangle is 7 inches longer than it is wide. If the area is 60 square inches, what are the
dimensions of the rectangle?

Answers

Answer: 5 by 12

Step-by-step explanation:

Let's call the dimensions of the rectangle w and w+7

The area is 60, so we can do 60=w(w+7)

60=w^2+7w

w^2+7w-60=0          factor the quadratic equation

(w-5)(w+12)=0

w-5=0, w=5

w+12=0, w=-12

Since the length of a rectangle cannot be negative, w=5

the dimensions of the rectangle are 5 and 12

Put the numbers into the boxes to represent the sum of the rational expression
given below.

Answers

Answer:

[tex]\frac{4x+9}{2x+5}[/tex]

Step-by-step explanation:

Cross multiply.Add like terms.Simplify.

order the following radicals from the least to greatest without using a calculator. show your reasoning

[tex]2 \sqrt{6} [/tex]
[tex]5 \sqrt{10} [/tex]
[tex]4 \sqrt{2} [/tex]
[tex]3 \sqrt{3} [/tex]

Answers

Answer:

2*sqrt6 = 2*apprx2 = 4

5*sqrt10 = 5*3.1 = 15.5

4*sqrt2 = 4*1.4 = 6.4

3*sqrt3  = 3*1.7 = 5.1

4, 5.1, 6.4, 15.5 or... 2sqrt6, 3sqrt3, 4sqrt2, 5sqrt10

 

what fraction is equivalent to [tex]\frac{1}{6}[/tex]

Answers

2/12 (2 over 12) or 3/18 (3 over 18)

please help me
solve (x+3) (x+7)

Answers

Step-by-step explanation:

Here, we'll need to multiply these two values together.  I'll use the expansion formula, which goes as follows:

[tex](a+b)(c+d)[/tex]

Expand

[tex]ac + ad + bc + bd[/tex]

Lets apply this to the following equation:

[tex](x+3) (x+7)[/tex]

Expand.

[tex](x*x) + (x * 7) + (3 * x) + (3 * 7)[/tex]

Simplify.

[tex](x^2) + (7x) + (3x) + (21)[/tex]

Remove parenthesis and add.

[tex]x^2+10x+21[/tex]

Answer:

x^2+10x+21

factorise the expression 6x²y + 15xy²

Answers

Solution : 3xy(2x + 5y)

A bus leaves Islamabad at 11:00 am and reaches Lahore at 3:00 p.m . If the distance bwtween Islamabad to Lahore is 380km , find the speed od the bus.​

Answers

Answer:

Step-by-step explanation:

Hello!

11h-> 3h

=> 4h

380/4 =>95km/h

9/7 = please answer me​

Answers

Answer:

[tex] \frac{9}{7} = 1.2857 = 1 \frac{2}{7} [/tex]

Answer:

Step-by-step explanation:

[tex]\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\la\la\la\la\ddddddddddddddddddddddddddddddddcleverdddddd\ffffffffffffffffffffffffffffffffffffffff\pppppppppppppppppppppppppppppppppppp\ddddddddddddddddddd\displaystyle\ \Large \boldsymbol {\frac{9}{7}=1\frac{2}{7} \ \ or \ \ 1.(28571)}[/tex]

The two bases of a trapezoid measure 14 inches and 10 inches respectively. The trapezoid's height is 8 inches. What is the area of the trapezoid?
192 square inches

1120 square inches

140 square inches

96 square inches

Answers

Answer:

A = 96 inches ^2

Step-by-step explanation:

The area of a trapezoid is given by

A = 1/2 ( b1+b2)h  where b1 and b2 are the bases and h is the height

A = 1/2( 14+10)*8

A = 1/2(24)*8

A = 12*8

A = 96 inches ^2

[tex]\huge\mathfrak\red{❥︎ANSWER}[/tex]

A = 96 square inches..

Step-by-step explanation:

The area of trapezoid is given

A = 1/2 (b1+b2)h where b1 and b2 is base and h is height

A = 1/2 (14+10)*8

A = 1/2 (24)*8

A = 12 * 8

A = 96 square inches ....
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