You decide to reduce the amount you spend eating out by $150 a month and invest the total saved at
the end of each year in your retirement account. How much will the account be worth at 5% in 15
years? (Use Table 13.1.) (Do not round intermediate calculations. Round your answer to the
nearest cent.)

Answers

Answer 1

The type of savings is the saving of uniform amount with interest applied to the sum of the amount in the account.

The amount the account is worth after 15 years is approximately $38,841.1

Reasons:

The amount saved per month = $150

Amount saved per year, A = 12 × $150 = $1,800

The interest rate on the account, i = 5%

The amount, F, in the account after 15 years is given as follows;

The uniform series compound amount factor formula is presented as follows;

[tex]\displaystyle F = \mathbf{\frac{A \cdot \left[ \left(1 + i \right)^n - 1 \right]}{i}}[/tex]

Therefore;

[tex]\displaystyle F = \frac{1,800 \times \left[ \left(1 + 0.05 \right)^{15} - 1 \right]}{0.05} \approx \mathbf{38,841.4}[/tex]

The amount the account is worth after 15 years to the nearest cent is approximately $38,841.4.

Learn more about compound interest here:

https://brainly.com/question/9742437


Related Questions

Find the equation of BOTH tangent lines to the circle (x+4)2 + (y-3)2 = 25 along y=6

Answers

Answer:

x=0 ,y=6

Step-by-step explanation:

solve for the first variable in one of the equations

According to the distributive property, 6(a + b) = ma ​

Answers

Answer:

6a+6b=ma

?? Not 100% sure, so have someone else answer please too


Which of the following numbers is proportional to 84/108?
1. 86/110
2.98/126
3.64/72
4.91/104

Answers

Proportional numbers are numbers with the same equivalent ratio

98/126 is proportional to 84/108

The number is given as:

[tex]Number = \frac{84}{108}[/tex]

Reduce fraction to the lowest term

[tex]Number = \frac{7}{9}[/tex]

Reduce 86/110 to the lowest term

[tex]Number = \frac{86}{110}[/tex]

Divide by 2/2

[tex]Number = \frac{43}{55}[/tex]

43/55 is not equivalent to 7/9

Reduce 98/126 to the lowest term

[tex]Number = \frac{98}{126}[/tex]

Divide by 14/14

[tex]Number = \frac{7}{9}[/tex]

7/9 is equivalent to 7/9.

Hence, 98/126 is proportional to 84/108

Read more about proportional numbers at:

https://brainly.com/question/1781657

Jack’s school bag contains 8 books each of weight 3/8 pounds, and 6 folders of weight 1/2 pound. b) What fraction of the total weight is folders?

Answers

Answer:

3/6

Step-by-step explanation:

Answer:

3/6 é a resposta tabom me de coraçãozinho

A bag of mixed nuts has 14 almonds, 12 cashews, and 18 peanuts. If one nut is selected, what is the probability that a peanut is chosen?

Provide the answer as a simplified fraction.

Answers

18 / 44 = 9 / 22

There are 44 nuts in the bag, and 18 of them are peanuts. If you simplify the fraction, you get 9/22 chance of getting a peanut.

Answer:

9 / 22

Step-by-step explanation:

combine 14, 12, and 18

=44

then, divide 18 by 44

then you get 9 / 22

NO NEED FOR LINKS NEED THE ANSWER RIGHT NOW

Answers

Answer:

a. y= 16+ 7x

b. y=19+9x

c. y= 10+5x

Step-by-step explanation:

a.) adds 7 each time

b.) adds 9 eah time

c.) adds 5 each time

Answer:

hope it helps you......

P(A ∪ B) = 0.8, P(B) = 0.5, P(A ∩ B) = 0.3. Find P(A). P(A) =

Answers

Answer:

The answer is 0.6

Step-by-step explanation:

I find it helpful to setup a Venn Diagram when dealing with these. This chart is pretty useful when dealing with set notation.

Then, you can set this up as a system of equations. So, based on your problem, we can setup the system like this:

x + y + z = 0.8

y + z = 0.5

y = 0.3

If you solve this, you will get:

x = 0.3

y = 0.3

z = 0.2.

To get P(A), you x and y to get x + y = 0.6

What is 18x77 with algorithm

Answers

Answer:

1386

Step-by-step explanation:

First multiply 8 and 77 to get 616

Then multiply 10 and 77 to get 770

Finally, add them all together to get 1386

Answer:

the answer is 1,386. ......

Can someone please give me the answers for both I will mark u brilliant. asp I need answers for both questions

Answers

so 7 x 5.5 = 35.5,

250 x 5.5 = 1375

1/5 of 1375 = 275

2/5 = 550, 3/5 = 825

he spent 825

Which of the following best describes
the slope of the line below?
• A. Positive
• B. Negative
• C. Undefined
D. Zero

Answers

Answer:

A. Positive I'm sorry if I got this wrong answer

Answer:

Please add the picture

Step-by-step explanation:

If it point upward right: positive

if it point downward: negative

If it is just a horizontal line : zero

Coffee is priced at 6.63

Answers

Answer:

ok, anddddd???

Step-by-step explanation:

Hilary walked 654 feet in 3 minutes. She says she walked 218 feet per minute. Is Hilary’s
answer reasonable? Explain.

Answers

Yes!
Because if she is walking 218 feet per minute then if you multiply 218 by 3 we get 654 feet
Which means she must have travelled 654 feet in 3 minutes in order for it to be true which it is! Hope this helps!

Which of the following satisfy x ≥ 4.1? Select all that apply.
x = 4
x = 3.5
x = 4.5
x = 4.1​

Answers

Answer:

x = 4.5

x = 4.1

Step-by-step explanation:

When will Road to a killcam 100 come out?

Answers

Answer:T he first season of Black Ops Cold War has been underway for almost a month now. The game has been having great success since it released back in November. One aspect of the multiplayer that a lot of players were disappointed with, was the lack of a final killcam.

Step-by-step explanation:

Answer:

The final Killcam is a Call of Duty staple. Every player in the game can see who got the final elimination of the game, and how they did it. The randomness is part of the fun; sometimes you’ll see an insane 360 Tomahawk kill, or you can have a good laugh at someone missing all of their shots before finally getting the elimination.

However, Black Ops Cold War has opted for a ‘Best Play’ system. Most of the time, you’ll see someone get a multi-kill from some point in the match. While you do often see impressive plays, the fun randomness element is mostly taken out and this has had a negative impact on Search and Destroy.

A Treyarch developer has now confirmed that they will be adding the final Killcam system to Cold War’s S&D in the future.

3.
Billy and Karen are playing a billy and Karen are playing a game. They toss a coin that can land either heads or tails and a
spinner that can land on any of 8 equal regions. If a coin is tossed and the spinner is spun,

howmany possible outcomes are there?

Answers

The number of possible outcomes for both Billy and Karen = 32 possible outcomes.

A coin has head and tail and thus;

Number of possible outcomes of a coin toss = 2

Now, for the for the spinner, since there are 8 equal regions;

The number of possible outcomes of the spinner = 8

Now, since they are playing a game;

Number of possible outcomes for Billy for one toss of coin and one time of spinning the spinner = 8 × 2 = 16

Similarly;

Number of possible outcomes for Karen for one toss of coin and one time of spinning the spinner = 8 × 2 = 16

Therefore;

Total possible outcomes for both Karen and Billy = 16 + 16 = 32 possible outcomes.

Read more about probability at; https://brainly.com/question/21186493

Find the quotient. If possible, rename the quotient as a mixed number or a whole number. Write your answer in simplest form, 2 1/7 divided by 1 2/5 =?

Answers

Answer:

1 26/49

Step-by-step explanation=

2 1/7 ÷ 1 2/5

15/7 over 1 2/5

15/7 over 7/5  

75/49  

= 1 26/49

HELP ME. NO LINKS!! PLEASE

Answers

Answer:

it's ether d or a

Step-by-step explanation:

i hope this helps you!

If 9 : x = x:4, then x = _____. 36 18 24 6

Answers

Solution: 9:x = x:4

⇛9/x = x/4

By doing cross multiplication, we get

⇛9(4) = x(x)

⇛36 = x²

⇛x² = 36

⇛x = √(36)

⇛x = √(6*6)

∴ x = 6 Ans.

also read similar questions: Which equations have the same value of x as 2/3(6x+12)=-24? Check all that apply.1. 4x+8=24 2. 9x+18=-24 3. 4x+12=-24 4. 18x+36/2=-24 5. 4x=-36 6. 4x=-32 7. x=-... https://brainly.com/question/6702722?referrer

If 9 : x = x:4, then x = 6


1. Write an equation for a line that passes through the origin and is perpendicular to
y = 5x – 2.

Answers

Answer:

the equation will be 2y=5x

6(x 2) 3(x 3) help me help me help me help me help me HELP MEEEEE PLZ its from usatestprep

Answers

Answer:

i dont now

Step-by-step explanation:

Graph
-2(3x+4)(x-1)(x-3)^2

Answers

Answer:

Step-by-step explanation:

Helpp! Part B- What is the equation of the line representing the cost of regular yogurt?
Part C- Lucia’s purchases 32 ounces of the less expensive yogurt. How much does the yogurt cost?

Answers

Answer:

10 to 1

Step-by-step explanation:

if 0 went to up there 10 you'd have to

Which of the following completes the formula of cos (a + B) =
A. sin a cos B - cos a sin B
B. sin a cos B + cos a sin B
O C. cos a cos B- sin a sin B
OD. cos a cos B+ sin a sin B

Answers

Answer:

cos a cos B-sin a sin B is the right answer

Integrated project 4

Answers

Answer:

what about the integrated project please

What are the first five terms of the arithmetic progression with the first term 8 and common difference 7 , then find the 17th?.

Answers

Step-by-step explanation:

a1 = 8

a2 = 8 + 7 = 15

a3 = 15 + 7 = 22

a4 = 22 + 7 = 29

a5 = 29 + 7 = 36

an = an-1 + 7 = a1 + 7×(n-1)

a17 = 8 + 7×16 = 8 + 112 = 120

A small tree was planted at a height of 8 feet. The tree has been planted for 15 months, and is now 50 feet tall. Which equation could be used to find x, the average number of feet the tree grew each month?

Answers

Answer:

y=42/15x+8

Step-by-step explanation:

We can get the change in height with 50-8, or 42. Now we divide, so 42/15. I'm assuming this is a slope question, so it would be y=42/15x + 8. Let me know if this is the way you want the answer.

Answer:

x=8+(number of feet/number of months)

Step-by-step explanation:

someone please just help me i'm almost done with my math for today!
marking brailist

Answers

If 13 is added to the data set the range will increase by one because range is highest value minus lowest value and 13 is one unit less than the previous lowest value

therefore the answer is A

How can one determine the number of x-intercepts of the graph of a quadratic function without graphing the function?

Answers

Answer:

The easiest method is to find the x-intercepts of the quadratic function by substituting y=0 in the function and solving it to find the possible values of x. The number of all possible values of x is the number of x-intercepts of the graph.

which of the following angle measure combinations will form a triangle?

A. 47° degrees, 63 degrees, and 70 degrees

B. 160 degrees, 50 degrees, and 150 degrees

C. 90 degrees, 1 degrees, and 88 degrees

D. 182 degrees, 1 degrees, and 2 degrees

Answers

The answer is 182 , 1 , 2 degrees

Wärmelehre - German
20 Words

Answers

Answer:

Step-by-step explanation:

a steel batch of t = 830 c is quenched in an oil bath (mol = 450kg / tol = 20c). What is the maximum mass of steel in kg allowed in the batch. Have the oil not heated up to more than 30 c?

useful data: ol c = 1.8kj / (kg.K)

steel: c = 0.49kj / (kg.K m steel =         kg

Other Questions
What is the sum of the coefficients in the expression below?22y2 + 5x+ y2 - 6xy' +7 Yesterday, jack drove 28 1/2 miles. He used 1 1/4 gallons of gasoline. What is the unite rate for miles per gallon? somebody please help me:( A shop sells 20 hats per week at $10 each. When it increases the price to $12, the number of hats sold falls to 15 per week. We can conclude that: The elasticity of demand can be estimated as Answer Teresa is preparing a speech about end of year exams in high school. Which of the following is the least likely to be an effective source for her to find credible information? a. her states Department of Education website b. a website hosted by the teachers union in her school district, which includes a discussion forum for teachers c. her school districts website d. the US Department of Education website - www.ed.gov In Natural selection, who/what makes the decision about which traits are desirable and get passed to future generations? In Artificial selection, who/what makes the decision about which traits are desirable and get passed to future generations? please help me with these two questions complete sentences please thank you! This is for 50 points and BRAINLIEST. I want a pharmacist technician to help me with a question please Plzzzz I need help *Only answer if you know, thanks*All body organs occur in pairs.true or false HELPHOW AM I MEANT TO ANSWER THIS QUESTION I WOULD ASO LIKE ANSWER.THX100 point on the line why is the world bank better than other supranational organizations? PLEASE HELP ILL GIVE BRAINLIEST Which of the following choices is not among the most common cell shapes found in prokaryotes?Cocci (spherical)Bacilli (rod-shaped)Spirochetes (spiral-shaped)Recticuli (rectangular) PLEASE HELP15 POINTS PLEASE ANWER ASAPILL MARK BRAINLYEST I MEAN IT which theorem would be used to prove the triangles below as congruent? how were the aztec and inca empires impacted by spanish Why might the reign of Frederick I be considered a failure? A 3-quart carton costs $2.79, while a 4-quart carton costs $3.88. Which is the better buy and why? Hot Dog!ModeratePreviousIf it costs a total of $9 to buy 1 hot dog and 2 bottles of water and it costs a total of $22 to buy 3 hot dogs and 4bottles of water, how much does a single bottle of water cost? help mee plss 5 mins In the last four stanzas, the knight's response to the oldwoman's Tough Question resolves his internal conflict as well as theconflict between them. Do you find this conclusion satisfying? Explainwhy or why not? The Friedmans brew provide access to education at night and weekends only 1. The music is very-can't hear anything.Answer:1) legal 2) upload3) loud4) unacceptable 5) access6) generation gap7) feature8) subscribe9) unsuitable10) mature