Lauren is going to invest in an account paying an interest rate of 3.4% compounded
annually. How much would Lauren need to invest, to the nearest cent, for the value of
the account to reach $13,000 in 8 years?

Answers

Answer 1

Answer:

P = $9948.99

Step-by-step explanation:

Use the compound amount formula A = P(1 + r)^t, with A = $13,000, t = 8 yr and r = 0.034.  Find the principal amount P.

Solving A = P(1 + r)^t for P, we get:

         $13,000           $13,000

P = -------------------- = --------------- = $9948.99

      (1 + 0.034)^8         1.3067

Lauren needs to invest $9948.99 for this purpose.


Related Questions

7
During spring training, the Detroit Tigers won about 2/3 of the games they played while the
Cleveland Indians won 7/15
of the games they played. What fraction more of the games did
Detroit win than Cleveland?


please answer my question and dont give me a link

Answers

Answer:

3/15 or 0.2

Step-by-step explanation:

You would need to subtract as it is asking for amount MORE won.

2/3 - 7/15

Make the denominator the same in order to subtract.

= 10/15 - 7/15

Subtract.

= 3/15

kyle has an indoor basketball court. the rectangular court has a perimeter of 200 feet. the length of the court is 12 feet less than three times the perimeter. write an equation to determine the dimensions of the court.

Answers

Answer:

200 x 3 - 12=588

ΔPQR, P = 11, Q =9, and R = 8, so my question is (What are the angles from each side) m∠P=
m∠Q=
m∠R=
I know I need to use the LAW OF SINES and LAW OF COSINES. I know I need a law of cosines but I don't know how to put the numbers in right place.

Answers

Well…… I’m not sure. Sorry bud

Maths!! im a bit confused lol

Answers

Answer:

336

Step-by-step explanation:

12×1×4×7=336

not sure just a try

there are 6 marbles if 5 are needed, how many different alternatives are there

Answers

Answer:

30

Step-by-step explanation:

5x6=30

As long as he's hired by someone, roughly how much can James earn in a month from his part-time job? Assume that his net pay is $8/hour and assume 4.5 weeks

Answers

Answer:

36

Step-by-step explanation:

8 * 4.5 = 36

James will earn 252 dollars if he work in a month from his part-time job. when his per hour pay is 8 dollars and assuming 4.5 weeks.

What is net earnings of James?

Whenever an employee work for a company he recieves a salary for his work now james is working as a part-time employee so he is getting 8 dollars for per hour working.

Suppose james is working one hour every day as a part timer so his income in one month or in 4.5 weeks will be

[tex]\rm James\ income =8\times 4.5\times 7[/tex]

[tex]\rm James\ Income= 252[/tex]

Hence James will earn 252 dollars if he work in a month from his part-time job. when his per hour pay is 8 dollars and assuming 4.5 weeks.

To know more about income follow

https://brainly.com/question/25745683

Which of the playground’s features are more than 25 feet away from the swings? Choose the THREE correct answers.

Answers

The playground’s features are more than 25 feet away from the swings are;

Sandbox, Water fountain, Jungle gym

Looking at the given graph, the distances of the other features from the swing are;

For sandbox; 8 units

For restroom; 4 units

For water fountain; 9 units

For Jungle gym; 7 units

Bench; 5 units

Now we are told that each units on the graph represents 5 ft.

Thus, the respective distances from the swing are;

Sandbox to swing = 8 × 5 = 40 ft

Restroom to swing = 4 × 5 = 20 ft

Water fountain to swing = 9 × 5 = 45 ft

Jungle gym to swing = 7 × 5 = 35 ft

Bench to swing = 5 × 5 = 25 ft

Thus, the playground’s features are more than 25 feet away from the swings are;

Sandbox, Water fountain, Jungle gym

Read more about interpretation of graphs at; https://brainly.com/question/1638242

What a person puts into their relationship is proportional to what they feel they receive; this balance is called

Answers

Answer:

Equity

Step-by-step explanation:

A person puts into their relationship is proportional to what they feel they receive; this balance is called equity.

What is the relationship?

The happiest, most enduring relationships are between best friends, They relish each other's company, trust on one another for love and attention, devote their free time apart, and have a lot of similarities.

A situation when people's benefits from relationships are inversely correlated with their contributions. These consequences don't necessarily have to be equal.

A person who is firmly attached has a strong feeling of merit and anticipates that most others will be receptive and sympathetic.

Because it fosters familiarity—which increases attraction—proximity counts in the attraction process. The probability that we will become interested to someone simply increases when we are in their presence or are exposed to them frequently.

Learn more about relationships, here:

https://brainly.com/question/14309670

#SPJ2

A tank full of water is leaking at a constant rate for 30 minutes. The equation
y = -8x + 400
gives the amount of water in the tank, where y is the number of liters and x is
the number of minutes since the tank began to leak. Which statement is true?
A. There were 400 liters in the tank after 30 minutes, and it is
decreasing by 8 liters per minute.
B. There were 8 liters in the tank when the leak started, and it is
decreasing by 400 liters per minute.
C. There were 8 liters in the tank when the leak started, and it is
increasing by 400 liters per minute.
D. There were 400 liters in the tank when the leak started, and it is
decreasing by 8 liters per minute.

Answers

Answer:

A

Step-by-step explanation:

did the quiz

Answer:

D

Step-by-step explanation:

help please with math i beg you​

Answers

a) x=24b+8v

4 * 24 = 96

120 - 96 = 24

24 / 8 = 3

b) 3

6 * 8 = 48

120 - 48 = 72

72 / 24 = 3

c) 3

120 / 8 = 15

d) 15

120 / 24 = 5

e) 5

How do you write the nth term rule for the sequence
1
,
3
,
5
,
7

Answers

basically the answer is 2n-1  2n comes from the difference to get from 1 to three and the -1 from 2n to get to 1 you need to minus 1 so you get -1

Find the percentage change of the first quantity with reference to the second quantity: 72 units, 60 units.

Answers

Answer:

Step-by-step explanation:

120 percent,

because if you divide by 6, you will get 10:12 and if you make the 10 a 100, you multiply both by 10, so 12 x 10 = 120 which means it is 20 percent because you have to subtract 100 from the quantity. so it is 20 percent

*Or 120 percent, I dont know though*

A staff gauge measures the height of the water level in a river compared to the average water level. At one gauge the river is 1 ft below its average water level of 10 ft. It begins to rise by a constant rate of 1.5 ft per hour.

Will the river reach a level of 7 ft above normal after 5 hours? Explain.

Answers

The river will not reach a level of 7 ft. after 5 hours.

A linear equation is in the form:

y = mx + b

where y, x are variables, m is the rate of change and b is the initial value of y.

Let y represent the height of the water level after x hours.

Since the  river is 1 ft below its average water level and  begins to rise by a constant rate of 1.5 ft per hour. Hence:

b = -1, m = 1.5. The equation becomes:

y = 1.5x - 1

To reach a level of 7 ft. That is y = 7:

7 = 1.5x - 1

1.5x = 8

x = 5.3 hours

The river will not reach a level of 7 ft. after 5 hours.

Find out more at: https://brainly.com/question/13911928

Answer:

6.5, will not

Step-by-step explanation:

The water level is 6.5 ft above normal after 5​ hours, so it

will not reach a level of 7 ft above normal after 5 hours.

Does the table below represent a direct variation? Explain how you can tell.
x y
-2 -10
-1 -8
0 -6
1 -4

Answers

Yes because it has an unbroken pattern/slope of (1,2)

Write the equation of the line in fully simplified slope-intercept form.

Answers

Y=-5x-8
It is 5 down and 1 right so it’s -5 and -8 is from the y- intercept where it crosses

As water evaporates from a bucket, its weight changes at a rate of -11/4 ounces per day.
what's the answer?

Answers

Answer:

the five differences are 24.88

Find the x - and y -intercepts of the graph of the linear equation -4x+8y=-16 .

Answers

Answer:

x: (4, 0)y: (0, -2)

Step-by-step explanation:

To find the x-intercept, set y=0 and solve for x. That will mean dividing by the coefficient of x:

  -4x +0 = -16

  x = -16/-4 = 4 . . . . the x-intercept

__

To find the y-intercept, set x=0 and solve for y. That will mean dividing by the coefficient of y:

  0 +8y = -16

  y = -16/8 = -2 . . . . the y-intercept

__

The x- and y-intercepts are (4, 0) and (0, -2), respectively.

_____

Additional comment

The standard form equation of a line, ax+by=c, is especially nice for finding the intercepts, as they are always (c/a, 0) and (0, c/b). Once you see this, you can do a question like this in your head.

does anyone else do i-ready? my little sister thinks we are the only school that does it. She's in pinecrest academy.

i think other students do it too, just saying

Answers

Answer:

When I was in my school I use to before the virus we use to do I-Ready all the time so I can promise y'all ain't the only ones

The ratio of boys to girls at a party was 6:7 if there were 28 girls how many people attended the party

Answers

Answer:

52

Step-by-step explanation:

6+7=13

6:7=13

x:28

28/7=4

so you have to multiply by 4

4x6=24

24 boys and 28 girls

24+28=52

Answer:

52

Step-by-step explanation:

Lets put the ratio like this: 6x (boys) : 7x (girls)

because we know that the amount of girls is 28 we can set them equal as so:

7x = 28

÷ divide both sides by 7

x = 4

now add 6x + 7x to get the total people = 13x and because x equals 4, we can multiply 13 by 4. Which is 52

HOPE THIS HELPS :)

When  x=3, the value of x^2-2 is?​

Answers

Answer:

7

Step-by-step explanation:

First you would square 3 which is nine. Then subrtact 2. The final answer is 7 .

Multi-Step:
Leigh wants to buy a bike for $429 and a helmet for
$38. If she saves $8 a week, about how many weeks will it take her
to save the money to buy the bike and helmet?
330

Answers

Answer:

roughly 58

Step-by-step explanation:

the price of the bike added to the price of the helmet is 467 dollars, and you divide it by the 8 dollars a week to get roughly 59 weeks, which it should all look like this:

429+38=467

467÷8=58.375 (round up)

Answer:

about 59 weeks

Step-by-step explanation:

what is the slope of this line

Answers

The slope is -4/3

This is because from the first dot to the second it is going down (negative) four the to the right (positive) three.

What is 7/10+1/2 as fraction

Answers

Answer:

6/5 or 1 1/5

Step-by-step explanation:

Make a common denominator: 1/2 is equal to 5/10

7/10+5/10=12/10

12/10 simplified is 6/5

Among all the paintings in an art exhibit, 60% are oil paintings, and the remaining 40% are watercolor paintings. Among the oil paintings, 5% of them are abstract. Among the watercolor paintings, 10% of them are abstract. What percent of the paintings in the art exhibit are abstract? I give thanks!

Answers

Answer:

7%

Step-by-step explanation:

the Arizona Cardinals won 10 games out of 16 games during the 2009 regular season. At this rate, how many games do they need to play to win 50 games?

Answers

For every 10 games they won they lost 6:

50 wins/ 10 wins = 5

5 x 6 loses = 30 loses

50 wins + 30 loses = 80 total games

Answer: 80

Any math teacher here

Answers

Answer:

what's the question?

Step-by-step explanation:

A=rt + q solve for t

Answers

Answer: t= [tex]\frac{A-q}{r}[/tex]

Step-by-step explanation: subtract q from both sides, to get A-q=rt, then divide r by both sides to get the answer above

I NEED HELP ON 2 PLEASEEEEEEEEE

Answers

Answer:

294

Step-by-step explanation:

Scale factor is 3.5 (If you go from the smaller image to the bigger image).

7 x 3.5 = 24.5 feet

since the question is asking you for the answer in inches you have to multiply 24.5 by 12 which gives you 294

Evaluate 62 - (12 – 2) when I = 3.
-
O A. 4
O B. O
O C. 3
O D. 12
Pls help guys !

Answers

Answer:

A. 4

Step-by-step explanation:

12 - 3 is 9

6^2 is 36

36/9 is 4

It’s 4 just trust me

Please help me solve this... I will mark you brainliest if it’s correct

Answers

(5 + 7x + 6)/2 = 3x + 9

7x + 11 = 6x + 18

7x - 6x = 7

x = 7

EF = 3x + 9

= 3(7) + 9

= 21 + 9

= 30
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