Suppose someone wants to accumulate $55,000 for a college fund over the next 15 years. Determine whether the following imestment plans will allow the person to reach the goal. Assume the compounding and payment periods are the same. The person deposits $150 per month into an account with an APR of 5%. Will the person meet the goal? Select the contect choice betow and fin in the answer box to complete your choice. (Round the thal answer to the nearest cent as needed Round all intermediate values to six decimal places as needed) A. No, because the amount that will be in the college fund, 3 is less than the goal of $55,000 B. Yes, because the amount that will be in the college fund, 1 is more than the goal of 555,000 .

Answers

Answer 1

The first answer in 25-30 words: No, the person will not meet the goal because the amount in the college fund will be less than $55,000.

To determine if the person will meet the goal of accumulating $55,000 for a college fund, we can calculate the future value of their monthly deposits using the compound interest formula.

Given:

Principal deposit (P) = $150 per month

Annual interest rate (APR) = 5%

Time period (n) = 15 years

First, we need to convert the annual interest rate to a monthly interest rate by dividing it by 12:

Monthly interest rate (r) = 5% / 12 = 0.41667% (approximately)

Next, we calculate the future value (FV) using the formula:

FV = P * [(1 + r)^n - 1] / r

Plugging in the values:

FV = $150 * [(1 + 0.0041667)^180 - 1] / 0.0041667

Evaluating this expression gives us the approximate future value of the college fund after 15 years of monthly deposits.

Calculating this value, we find that the amount in the college fund will be less than $55,000. Therefore, the correct answer is A: No, because the amount that will be in the college fund is less than the goal of $55,000.

It's worth noting that there may be additional factors to consider, such as fees or taxes, which could further impact the final amount in the college fund.

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Related Questions

find the equivalent fraction 4/7 = /21

Answers

Answer:

7 is timed by 3 to get 21

So times 4 to get the numerator

Answer-4/7 = 12/21

fully simplify3d/ac x 2ad/30

Answers

The value of the equation 3d/ac x 2ad/30 is ( d² / 5c )

What is an Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

Let the equation be represented as A

Now , the value of A is given by

A = 3d/ac x 2ad/30   be equation (1)

On simplifying the equation , we get

A = 3d/ac x 2ad/30  

A = 6ad² / 30ac

On further simplification of the equation , we get

The value of A = 1/5 ( ad² / ac )

The value of A = 1/5 ( d²/c )

Therefore , the value of A is  ( d² / 5c ) or A = 1/5 ( d²/c )

Hence , The value of the equation 3d/ac x 2ad/30 is ( d² / 5c ) or

A = 1/5 ( d²/c )

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Determine the least three-digit number that is divisible by 3,5 and 9

Answers

determine the least three digit number that is divisible by 3,5, and 9
135
because 5 • 3 • 9 is 135 and there isn't a three digit number divisible by each of the three numbers

Which statement is modeled by the expression? 100p Responses The coach received 100 tokens for the amusement park rides. If there are p players on the team, each player will receive 100p tokens. The coach received 100 tokens for the amusement park rides. If there are , p, players on the team, each player will receive , 100 over p, , tokens. After the league had supplied each player with a uniform, there were 100 uniforms left over. If there are p players in the league, 100p is the number of uniforms the league had originally. After the league had supplied each player with a uniform, there were 100 uniforms left over. If there are , p, players in the league, , 100 over p, is the number of uniforms the league had originally. One hundred more players signed up for soccer than the league had planned for. The league had p uniforms in stock. The number of uniforms the league needs to buy to make up the difference is 100p. One hundred more players signed up for soccer than the league had planned for. The league had p uniforms in stock. The number of uniforms the league needs to buy to make up the difference is 100 over p ., Each player in the league was given 100 tickets to sell. If there are p players in the league, the total number of tickets to sell is 100p Each player in the league was given 100 tickets to sell. If there are , p, players in the league, the total number of tickets to sell is , 100 over p

Answers

The statement modeled by the expression "100p" is: "If there are p players on the team, each player will receive 100p tokens."
The statement modeled by the expression
"100p" is: "If there are p players on the team, each player will receive 100p tokens." Have a good day

f. (0, 1)^3 ➙ (0, 1)^3f(x) is obtained by replacing the last bit from x with 1.What is f(111)?

Answers

For the given function F.(0, 1)^3 ➙ (0, 1)^3, where f(x) is obtained by replacing the last bit from x with 1, then  f(111) is (1,1,1).

Since here  the  function replaces the last bit  of the input with 1. so  for any input value x =(x1,x2,x3) ∈ (0,1)^3, here we have  f(x)= (x1,x2,1).For a particular case that is provided to us: where for x =(1,1,1), we have f(1,1,1) =(1,1,1).

Now since we are given the condition that since f replaces the last of 111 with 1, the last bit of 111 is already 1,  so the value of f(111) is (1,1,1).

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A line has a slope of Negative three-fourths and passes through the point (–5, 4). Which is the equation of the line?

Answers

Answer:

y=-3/4x

Step-by-step explanation:

the form is "y=mx(+/-b). m is slope. b is y-intercept.

Solve the following system by substitution.
6x + 7y= 20
y = 2x

Answers

Answer:

Hope this helps!

Step-by-step explanation:

Point Form:

(1,2)

Equation Form:

x = 1 , y = 2

I am too lazy to search it up on brainly tell me what is the answer

I am too lazy to search it up on brainly tell me what is the answer

Answers

Answer:

no lol im too lazy

Step-by-step explanation:

give me brain

Answer:

x = 9/10.

Step-by-step explanation:

0.5(4x + 9) = 3x * 7/3

2x + 9/2 = 3x * 7/3

2x + 9/2 = 7x

5x = 9/2

x = 9/10.

The reduced gradient is analogous to the ___________ for linear models.

Answers

The reduced gradient is analogous to the residual for linear models.

In linear regression, the residual represents the difference between the observed values and the predicted values of the dependent variable. Similarly, in optimization, the reduced gradient represents the difference between the current solution and the optimal solution. It is a measure of how far the current solution is from the optimal solution in the direction of the search. By minimizing the reduced gradient, we can move closer to the optimal solution.

The reduced gradient is a widely used optimization technique in non-linear programming that allows for efficient computation of the descent direction at each iteration while accounting for constraints. It involves calculating a partial derivative of the objective function with respect to the variables that are not restricted by the constraints, and then projecting the resulting gradient onto the space defined by the constraints. The resulting vector is called the reduced gradient, and it points in the direction of the steepest descent that is feasible.

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The table below shows the amount of flour and eggs you need for making different-sized batches of cookies using the same recipe.
Cups of flour Number of eggs
Batch A 3 2
Batch B 9 6
Batch C 12 8
Write an equation to describe the relationship between f, the cups of flour, and e, the number of eggs.

Answers

Answer: SHOW THE TABLE PLZ and then i can answer. I don't know what this is.

Step-by-step explanation:

How many ways can a president, vice president, and secretary be selected from a class of 30 students? a. 90 b. 2,068 c. 4,060 d. 24,360

Answers

Answer:

the answer to your question should be 2,068

Step-by-step explanation:

i hope i am right but i think so

The acceleration of a moving particle in space is given by the vector equation a(t) = 4ti + 6t j + k , t> O. Find the velocity of the partice at time t given that v(0) = i - j + k Ov(t) = (2+2 + 1) i + (3+2 - 1) j + (t + 1) k (v(t) = (2+2 + 1) i + (3+2 + 2) j + (t + 1) k Ov(t) = (2+2 - 1) i + (3+2 + 1) j + (t - 1) k (v(t) = (2+2 - 1) i + (3+2 - 1) j - (t + 1) k Ov(t) = 4i+ 6j

Answers

The velocity of the particle at time t is given by v(t) = (2t² + 1)i + (3t² - 1)j + (tk + 1)k, where t is the time. It represents the motion of the particle in three-dimensional space.

To find the velocity of the particle at time t, we need to integrate the acceleration vector with respect to time.

To find the velocity vector v(t), we integrate each component of the acceleration vector:

∫a(t) dt = ∫(4ti + 6tj + k) dt

Integrating each component separately:

∫(4ti) dt = 2t²i + C₁

∫(6tj) dt = 3t²j + C₁

∫k dt = tk + C₃

where C₁, C₂, and C₃ are constants of integration.

Combining the integrals, we have:

v(t) = (2t² + C₁)i + (3t² + C₂)j + (tk + C₃)k

Given that v(0) = i - j + k, we can substitute t = 0 into the velocity equation:

v(0) = (2(0)² + C1)i + (3(0)² + C₂)j + (0k + C₃)k

i - j + k = C₁i + C₂j + C₃k

Comparing the coefficients, we get:

C₁ = 1

C₂ = -1

C₃ = 1

Substituting these values back into the velocity equation:

v(t) = (2t² + 1)i + (3t² - 1)j + (tk + 1)k

Therefore, the velocity of the particle at time t is given by:

v(t) = (2t² + 1)i + (3t² - 1)j + (tk + 1)k

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Fawn ran a 5-kilometer race in 66 minutes. To the nearest hundredth, what was her speed in meters per second?
A.
1.26
B.
0.08
C.
0.13
D.
75.76

Answers

5 km = 5000 meters

66 minutes = 3960 seconds

Meters per second = 5000/3960 = 1.26

The answer is A.1.26

Find the equation of the exponential function represented by the table below:
X
0
1
2
3
Y
4
16
64
256
Y= ?

Find the equation of the exponential function represented by the table below:X0123Y41664256Y= ?

Answers

Answer:

y = \(4^{x+1\)

May someone tell me what the value of x is ?

May someone tell me what the value of x is ?

Answers

Answer:

maybe 11? because it says to Subtract the sum of the two angles from 180 degrees. The sum of all the angles of a triangle always equals 180 degrees. Write down the difference you found when subtracting the sum of the two angles from 180 degrees. This is the value of X.

Step-by-step explanation:

Suppose that the function g is defined, for all real numbers, as follows. x < - 1; g(x)= 2&ifx<-1\\ 3&ifx=-1\\ -1&ifx>-1; x = - 1; x > - 1 Graph the function g.

Suppose that the function g is defined, for all real numbers, as follows. x &lt; - 1; g(x)= 2&amp;ifx&lt;-1\\

Answers

The given piecewise-defined function is:

\(g(x)=\begin{cases}{2\qquad\text{ if }x<-1} \\ {3\qquad\text{ if }x=-1} \\ {-1\qquad\text{ if }x>-1}\end{cases}\)

It is required to graph the function.

To do this, graph each piece with respect to the corresponding domain.

Graph g(x)=2 over x<-1:

Notice that an open circle is at x=-1 since it is not included in the interval x<-1.

Graph g(x)=3 for x=-1. This is just a point:

Finally, graph g(x)=-1 for x>-1:

There is an open circle at x=-1 since it is not included in the interval x>-1.

Thus, the required graph of the piecewise-defined function is shown below:

Suppose that the function g is defined, for all real numbers, as follows. x &lt; - 1; g(x)= 2&amp;ifx&lt;-1\\
Suppose that the function g is defined, for all real numbers, as follows. x &lt; - 1; g(x)= 2&amp;ifx&lt;-1\\
Suppose that the function g is defined, for all real numbers, as follows. x &lt; - 1; g(x)= 2&amp;ifx&lt;-1\\
Suppose that the function g is defined, for all real numbers, as follows. x &lt; - 1; g(x)= 2&amp;ifx&lt;-1\\

neil uses 41-cent stamps and 8-cent stamps to mail a gift card to a friend. if the postage is $1.95, how many of each stamp did neil use?

Answers

If Neil uses 41-cent stamps and 6-cent stamps to mail a gift card to a friend , then the number of 41 cent stamp used is 3  and number of 6 cent stamps used is 12 .

Let number of 41 cents stamps used be = x ;

and let number of 6 cents stamps used be = y ;

converting amount 41-cents in dollars is = $0.41  ;

and converting amount 6-cents in dollars is = $0.06  ;

the amount for which Neil used 41-cent stamps , 6-cent stamps is = $1.95 ;

this situation in equation form is written as ⇒ 0.41x + 0.06y = 1.95

Multiplying on both sides by 100 , we get

⇒ 41x + 6y = 195  ;

⇒ y = (195 - 41x)/6 ;

We will test this equations for values of x and y , the number of stamps must be whole numbers .

If x = 1 , then value of y is = 25.66

If x = 2 , then value of y is = 18.833

If x = 3 , then value of y is = 12

If x = 4 , then value of y is = 5.166 .

the only value of x and y which shows a whole number as an output is : If x = 3 , then y = 12 .

Therefore , Neil used "3" 41-cents stamps and "12" 6-cent stamps .

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a) What is the slope and the y-intercept of the equation?
slope =
y-intercept =
b) Write the equation for the line in the form y = mx + b
y =

a) What is the slope and the y-intercept of the equation?slope =y-intercept =b) Write the equation for

Answers

Answer:

see explanation

Step-by-step explanation:

The equation of a line in slope- intercept form is

y = mx + b ( m is the slope and b the y- intercept )

Calculate m using the slope formula

m = \(\frac{y_{2}-y_{1} }{x_{2}-x_{1} }\)

with (x₁, y₁ ) = (0, 3) and (x₂, y₂ ) = (4, 0) ← 2 points on the line

m = \(\frac{0-3}{4-0}\) = \(\frac{-3}{4}\) = - \(\frac{3}{4}\)

The y- intercept is where the line crosses the y- axis

The line crosses the y- axis at (0, 3 ) ⇒ b = 3

(b)

y = - \(\frac{3}{4}\) x + 3 ← equation of line

Solve for a.

a+ (−4) = −13

Answers

Answer: a= -9

Step-by-step explanation:

a+ (−4) = −13

a - 4 = -13 (the 4 becomes -4 as when it comes to + or - it is always -)

    a = -13 +4  (when you switch the side -4 becomes +4)

    a= -9

I need help pls please

I need help pls please

Answers

Answer:

3.80

Step-by-step explanation:

Answer:

3.801

Step-by-step explanation:

Divide and move your decimals.

an agle formed outside a polygon by extending one of it sides.

Answers

an exterior angle is formed when a side of a polygon is extended, and it is equal to the sum of the measures of the two adjacent interior angles. The Exterior Angle Theorem can be used to find the measures of interior angles of polygons.

The angle formed outside a polygon by extending one of its sides is known as an exterior angle. An exterior angle is formed when a side of a polygon is extended, and the angle formed at the vertex where the side was extended is an exterior angle.

For example, let's consider a triangle. If we extend one of its sides, we form an exterior angle at the vertex where the side was extended. The exterior angle is the angle formed by the extension of the adjacent side and the original side.

The measure of an exterior angle of a polygon is equal to the sum of the measures of the two interior angles that are adjacent to it. In other words, if we add the measures of the two interior angles adjacent to an exterior angle, we get the measure of that exterior angle. This is known as the Exterior Angle Theorem.

The Exterior Angle Theorem can be used to find the measures of interior angles of polygons. For example, if we know the measure of an exterior angle of a regular polygon, we can use the theorem to find the measure of each interior angle.

In summary, an exterior angle is formed when a side of a polygon is extended, and it is equal to the sum of the measures of the two adjacent interior angles. The Exterior Angle Theorem can be used to find the measures of interior angles of polygons.
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Complete question:- What angle is formed outside the polygon by extending one side of the polygon?

Find the slope and y-intercept for the graph of the equation.
9x + 4y = 8

Answers

Answer:

slope= - 9/4    yintercept 0,2

Step-by-step explanation:

Answer:

slope = - \(\frac{9}{4}\) , y- intercept = 2

Step-by-step explanation:

The equation of a line in slope- intercept form is

y = mx + c ( m is the slope and c the y- intercept )

Given

9x + 4y = 8 ( subtract 9x from both sides )

4y = - 9x + 8 ( divide terms by 4 )

y = - \(\frac{9}{4}\) x + 2 ← in slope- intercept form

with slope m = - \(\frac{9}{4}\) and y- intercept c = 2

Find the area of triangle ABC.
Give your answer correct to 1 decimal place.
А
9 cm
C
10 cm
B
8cm​

Answers

The area of the triangle ABC is 34.2 square centimeters

How to determine the triangle area?

The complete question is in the image

Start by calculating the semi-perimeter using:

s = 0.5 * (a + b + c)

This gives

s = 0.5 * (9 + 10 + 8)

Evaluate

s = 13.5

The area is then calculated as:

\(A = \sqrt{s * (s - a) * (s - b) * (s - c)\)

This gives

\(A = \sqrt{13.5 * (13.5 - 9) * (13.5 - 10) * (13.5 - 8)\)

Evaluate

A = 34.2

Hence, the area of the triangle ABC is 34.2 square centimeters

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Find the area of triangle ABC.Give your answer correct to 1 decimal place.9 cmC10 cmB8cm

A group of students formed a circle during a game. The circumference of the
circle was about 56.52 feet, and the diameter of the circle was 18 feet.
Which expression best represents the value of π?

A group of students formed a circle during a game. The circumference of thecircle was about 56.52 feet,

Answers

Answer:

Option A: \(\dfrac{56.52}{18}\)

Step-by-step explanation:

Circumference of a circle is given by the formula
C = πd

where d = diameter of the circle

Given
C = 56.52

d= 18 feet

56.52= 18π

\(\pi = \dfrac{56.52}{18}\)

This is option A

If you were every in doubt about the correct answer, all you have to know is that the value of π = 3.14

C and D have ratios less than 1

B has a ratio of approx 6

A has  a ratio close to 3

The standard deviation of a numerical data set measures the __________ of the data. Select the most appropriate term that makes the statement true.
A 50th percentile
B average
C most frequent value
D variability
E size

Answers

The standard deviation of a numerical data set measures the variability of the data. It is a widely used measure in statistics that helps to determine how spread out the values are within a given data set.

By calculating the standard deviation, we can better understand the range and distribution of values in the data set, as well as identify potential outliers. This measure is particularly important in fields such as finance, science, and engineering, where understanding the variability in data can be crucial for making informed decisions and predictions. So, the most appropriate term that makes the statement true is D: variability.

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6. why is profitability alone not an adequate measure of a project's value to an organization

Answers

Profitability alone may not be an adequate measure of a project's value to an organization because profitability does not account for the time value of money or the risk associated with the project. A profitable project may generate positive cash flows, but if these cash flows are received far in the future, they are worth less today due to the time value of money. Additionally, profitable projects may be associated with higher risk or uncertainty, which can impact the project's value to the organization. Other factors such as the project's contribution to strategic objectives, its impact on the organization's reputation, and its potential to create intangible benefits such as increased customer loyalty or employee satisfaction may also be important considerations in evaluating a project's value.

3. a bag of potatoes weighs 50 lbs divided by half of its weight. how much does the bag of potatoes weigh?

Answers

The bag of potatoes weighs 40 pounds.

The problem can be solved using algebraic equations. Let x be the weight of the bag of potatoes. The problem states that the weight of the bag is equal to 50 divided by half of its weight, or 50/(x/2). We can set up the equation:

x = 50/(x/2)

Multiplying both sides by x/2, we get:

x^2/2 = 50

Multiplying both sides by 2, we get:

x^2 = 100

Taking the square root of both sides, we get:

x = ±10

Since the weight of the bag cannot be negative, we take the positive value, which is x = 10. Therefore, the bag of potatoes weighs 40 pounds (50 divided by half of 40 is equal to 40).

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two participating teams each receive 7 litres of water for an outdoor activity on a certain day.the one team used 4 3/4 litres and and the other team used 2 1/3 litres of water. how many litres of water did the two teams in total have left at the end of the day

Answers

Two participating teams each receive 7 litres of water for an outdoor activity on a certain day .The two teams have 83/12 liters of water left at the end of the day.

To find out how many liters of water the two teams have left at the end of the day, we need to subtract the amount of water used by each team from the initial amount of water they received.

Initial amount of water given to each team = 7 liters

Amount of water used by the first team = 4 3/4 liters

Amount of water used by the second team = 2 1/3 liters

To subtract mixed numbers, we need to convert them into improper fractions:

4 3/4 = (4 * 4 + 3) / 4 = 19/4

2 1/3 = (2 * 3 + 1) / 3 = 7/3

Now, let's calculate the remaining water:

Total water used by the two teams = (19/4) + (7/3) liters

To add fractions, we need a common denominator. The common denominator for 4 and 3 is 12.

(19/4) + (7/3) = (19 * 3 + 7 * 4) / (4 * 3)

= (57 + 28) / 12

= 85/12

Now, we subtract the total water used by the two teams from the initial amount of water:

Total water remaining = (2 * 7) - (85/12) liters

Multiplying 2 by 7 gives us 14:

Total water remaining = 14 - (85/12) liters

To subtract fractions, we need a common denominator. The common denominator for 12 and 1 is 12.

Total water remaining = (14 * 12 - 85) / 12 = (168 - 85) / 12 = 83/12

Therefore, the two teams have 83/12 liters of water left at the end of the day.

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Molly is thinking of a number. twice her number take away seven is the same as her number plus five. what is her number?

Answers

Answer:

Number = 12

Step-by-step explanation:

2n-7=n+5 (+7 to both sides)

2n=n+12 (-n to both sides)

n=12

Please help me!! I don’t underatsnd

Please help me!! I dont underatsnd

Answers

Answer:

23°

Step-by-step explanation:

13x + 154 = 180

13x = 26

x =2

~~~~~~~~~~~~

6(2) + 11

12+11 =23

Answer: 23 degrees
QPS being a “straight angle” means its 180 degrees so: add the two equations and set it equal to 180: 13x+154=180 and x=2
Plug x into the equation 6x+11 which equals
23 degrees
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