Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time. 6% per year, compounded annually, after 7 years

Answers

Answer 1

The future value of the $10,000 investment after 7 years, at an interest rate of 6% per year, compounded annually, is approximately $14,185.10.

To calculate the future value (FV) of an investment of $10,000 at an interest rate of 6% per year, compounded annually, after 7 years, we can use the formula:

FV = P(1 + r)^n

Where:

P is the principal amount (initial investment) = $10,000

r is the interest rate per period = 6% = 0.06

n is the number of periods = 7

Plugging in the values, we have:

FV = $10,000(1 + 0.06)^7

Calculating the expression inside the parentheses first:

(1 + 0.06)^7 ≈ 1.41851

Now, multiply the principal amount by the calculated expression:

FV ≈ $10,000 * 1.41851 ≈ $14,185.10

Therefore, the future value of the $10,000 investment after 7 years, at an interest rate of 6% per year, compounded annually, is approximately $14,185.10.

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Related Questions

Devin said that AB and CD for A(-2, 0), B(2, 3), C(1, -1), and D(5, --4) are parallel. Explain and correct Devin's error.

Answers

Answer:

See below

Step-by-step explanation:

Slope of AB is correct

Slope of CD is incorrect

Slope of AB = (3 - 0)/(2 - (-2)) = 3/4Slope of CD = (-4 - (-1))/(5 - 1) = -3/4

Slopes are different, lines are not parallel

2x-y=4 and y=-2x+8 what is the value
of x

Answers

Answer:

x=3

y=2

(3,2)

Step-by-step explanation:

Solve for x: 1 x > 7
B: 4 x > 1
D: −2 < x < 1

Answers

Answer:

what is the topic?

Step-by-step explanation:

just want to give you the right answer

What describes the graphed line?
5
4
3
-5 4
2
3
4
-3 -2 -1
-1
-2
-3
-4
-5
PREVIC

Answers

Answer:

the slope is 1/3

Step-by-step explanation:

What is 20% of 60?
A. 1.2
B. 12
C. 40
D. 120

Answers

Step-by-step explanation:

60x20:100=12

20%of 60 is 12

The ice cream shop offers 10 flavors of ice cream. Gabe will choose one type of cone, one size, and one type of ice cream flavor. How many ice cream cones are possible for Gabe to choose??

Answers

The answer is 60. 10 flacors times 6 cones to choose from. 10 times 6 is 60.

The number of ways possible for Gabe to choose ice creams cones is 60.

Given that

The ice cream shop offers 10 flavors of ice cream.

Gabe will choose one type of cone, one size, and one type of ice cream flavor.

Therefore,

The number of ways ice cream cones is possible for Gabe to choose is;

[tex]\rm = ^2C_1\times ^3C_1 \times ^{10}C_1\\\\= 2\times 3 \times 10\\\\=60[/tex]

Hence, The number of ways possible for Gabe to choose ice creams cones is 60.

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which of the following constructions is this?

Answers

Answer:

acute hope it helps

Step-by-step explanation:

mark as brainiest

Construction of 30° acute angle

4(-8x + 5) – (-33x – 26)

Answers

Answer:

x + 46

Step-by-step explanation:

Step 1: Write expression

4(-8x + 5) - (-33x - 26)

Step 2: Distribute

-32x + 20 + 33x + 26

Step 3: Combine like terms

x + 46

How many times does 18/25 go into 3 3/5

Answers

Answer: 5

Step-by-step explanation: just do 3 3/5 divided by 18/25 on a calculator

It goes in 5 times!
Explanation:
3 3/5 divided by 18/25=5 :) Have a great day!

how do you solve this?

Answers

Answer:

x=5/2 and y=3

Step-by-step explanation:

since AC is a perpendicular bisector, BC=CD

[tex]6x-6=3y[/tex] so [tex]6x=3y+6[/tex]

if AC = a

using pythagorean theorem:

[tex](6x-6)^2 + a^2 = (6x+1)^2[/tex]

[tex](3y)^2 + a^2 = (5y+1)^2[/tex]

simplifies to:

[tex]36x^2-72x+36+a^2=36x^2+12x+1[/tex]

[tex]9y^2+a^2=25y^2+10y+1[/tex]

further simplifies to:

[tex]84x-35=a^2[/tex]

[tex]16y^2+10y+1=(8y+1)(2y+1)=a^2[/tex]

so we now have

[tex]84x-35=(8y+1)(2y+1)[/tex]

plugging the first equation in we get

[tex]42y+84-35=(8y+1)(2y+1)=16y^2+10y+1[/tex]

[tex]42y+49=16y^2+10y+1[/tex]

[tex]16y^2-32y-48=0[/tex]

[tex]y^2-2y-3=0[/tex]

[tex](y-3)(y+1)=0[/tex] so [tex]y=-1, y=3[/tex]

y=-1 is impossible, so y=3

therefore x=15/6=5/2

An insurance company estimates the probability of a flood occurring in an area to be .7%.
The average damage of a flood is $75,000. The cost of flood insurance is $600 per year.
What is the expected value for the insurance company for each policy?

Answers

Answer:

$75

Step-by-step explanation:

Please mark Brainliest when you’re able.

Graphs of more than one function f(4)=
If g(x)=2,x=

Answers

Answer:

f(4)= 11

If g(x)=2, x=0

4(x+2)=10 does it equal 0 ?

Answers

Answer:

x = 1/2

Step-by-step explanation:

Step 1: Write equation

4(x + 2) = 10

Step 2: Solve for x

Distribute 4: 4x + 8 = 10Subtract 8 on both sides: 4x = 2Divide both sides by 4: x = 2/4Simplify: x = 1/2 or 0.5

Step 3: Check

Plug in x to verify it's a solution.

4(0.5 + 2) = 10

4(2.5) = 10

10 = 10

Answer:

It actually equals .5

Step-by-step explanation:

you have to distribute the 4 to the parenthesis, which will give you 4x+8=10, you subtract 8, which gives you 4x=2, you divide by 4, you get 1/2, decimal form .50

coaches take people to festival each coach can take 50 people there are 820 people how many coaches how many coaches are needed​

Answers

Answer:

16.4

Step-by-step explanation:

so , since this question stated there ARE coaches but does NOT say how many exactly , that's what you have to find out , so each coach can take 50 people each and there are 820 in total so you have to divide 820 by 5 and you get 16.4 . that means there must be 16.4 coaches to go but you cant split the coach into a 4th you have to round down (because the decimal is lower than 5 ) so then you'll get 16 coaches as your final answer

17 coaches are needed.

Given each coach can take 50 peoples to festivals and there are 820 people in total.

We have to calculate the no. of coaches.

Now no. of coaches is total no. of peoples divided by 50.

So, Coaches needed = [tex]\frac{820}{50}[/tex][tex]= 16.4[/tex]

But remember here no of coaches can't be in decimal so we have to round it off to nearest tens place, Hence no of coaches will be 17.

Hence 17 coaches are needed.

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[tex]10x-16y=12 \\ 5x-3y=4[/tex]


If [tex](x, \ y)[/tex] is a solution to the system of equations above, what is the value of [tex]x-y[/tex] ?

Answers

Answer:

24/25

Step-by-step explanation:

Step 1: Define systems of equation

10x - 16y = 12

5x - 3y = 4

Step 2: Rewrite one of the equations

5x = 4 + 3y

x = 4/5 + 3y/5

Step 3: Solve for y using Substitution

Substitute 2nd rewritten equation into 1: 10(4/5 + 3y/5) - 16y = 12Distribute the 10 to both terms: 40/5 + 30y/5 - 16y = 12Simplify the fractions down: 8 + 6y - 16y = 12Combine like terms (y): 8 - 10y = 12Subtract 8 on both sides: -10y = 4Divide both sides by -10: y = 4/-10Simply the fraction down: y = -2/5

Step 4: Substitute y back into an original equation to solve for x

Substitute: 5x - 3(-2/5) = 4Multiply: 5x + 6/5 = 4Subtract 6/5 on both sides: 5x = 14/5Divide both sides by 5: x = 14/25

Step 5: Check to see if solution set (14/25, -2/5) is a solution.

Substitute into an original equation: 10(14/25) - 16(-2/5) = 12Multiply each term: 28/5 + 32/5 = 12Add: 12 = 12

Here, we see that x = 14/25, y = -2/5 and solution (14/25, -2/5) indeed works.

Step 6: Find x - y

x = 14/25

y = -2/5

Substitute: 14/25 - (-2/5)Simplify (change signs): 14/25 + 2/5Add: 24/25

Hope this helped! :)

Answer:

[tex]\displaystyle x-y=\frac{24}{25}[/tex]

Step-by-step explanation:

We are given the system:

[tex]\left\{ \begin{array}{ll} 10x-16y=12 & \quad \\ 5x-3y=4& \quad \end{array} \right.[/tex]

And asked to find the value of x - y if (x, y) is a solution to the above system.

Thus, let's solve the system. We can use eliminiation

We can see that the coefficients of x share a LCM.

Multiplying the second equation by negative two yields:

[tex]\left\{ \begin{array}{ll} 10x-16y=12 & \quad \\ -10x+6y=-8 & \quad \end{array} \right.[/tex]

Adding the two equations yields:

[tex](10x-10x)+(-16y+6y)=(12+(-8))[/tex]

Simplify:

[tex]-10y=4[/tex]

Solve for y:

[tex]\displaystyle y = \frac{4}{(-10)} = -\frac{2}{5}[/tex]

To find x, substitute y for either equation and evaluate. The second equation states that:

[tex]5x-3y=4[/tex]

Substitute:

[tex]\displaystyle 5x-3\left(-\frac{2}{5}\right)=4[/tex]

Multiply:

[tex]\displaystyle 5x+\frac{6}{5}=4[/tex]

And solve for x:

[tex]\displaystyle \begin{aligned} 5x+\frac{6}{5} &= 4 \\ \\ 5x &= \frac{14}{5} \\ \\ x &= \frac{14}{25}\end{aligned}[/tex]

Hence, our solution to the system is:

[tex]\displaystyle \left(\frac{14}{25},- \frac{2}{5}\right)[/tex]

We want to find the value of:

[tex]x-y[/tex]

Substitute:

[tex]\displaystyle = \left(\frac{14}{25}\right) - \left(-\frac{2}{5}\right)[/tex]

Evaluate. Hence:

[tex]\displaystyle x - y = \frac{24}{25}[/tex]

And we're done!

An app developer projects that he will earn $230.00 for every 100 apps downloaded. Which of the following equations can be used to represent the proportional relationship between the number of apps, x, and the total earnings, y? WILL MARK BRAINLIEST!

Answers

The answer is 100x+230=y
Sorry if I’m late :/ hope it helped

-7x-3x=-20 help me please :)

Answers

The answer is x=2

-7x-3x=-20 collect like terms
-10x=-20 Divide both sides
X=2

A line passes through the points (9, 30) and (18, 30). Which statement is true about the line? It has a slope of zero because the change in the y-values is 0. It has no slope because the change in the y-values is 0. It has a slope of zero because the change in the x-values is 0. It has no slope because the change in the x-values is 0.

Answers

Answer:

It has a slope of zero because the change in the y-values is 0.

Step-by-step explanation:

The line passes through points (9, 30) and (18, 30) and has a slope of zero because the change in the y-values is 0.

What are lines and their slopes?

We know lines have various types of equations, the general type is

Ax + By + c = 0, and the equation of a line in slope-intercept form is

y = mx + b.

Where slope = m and b = y-intercept.

the slope is the rate of change of the y-axis with respect to the x-axis and the y-intercept is the (0,b) where the line intersects the y-axis at x = 0.

Given, A line passes through the points (9, 30) and (18, 30).

We know slope(m) = (y₂ - y₁)/(x₂ - x₁).

Slope(m) = (30 - 30)/(18 - 9).

Slope(m) = 0/9.

Slope(m) = 0.

The line has a slope of zero because the change in the y-values is 0.

So it must be a line parallel to the x-axis.

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On the real number line below, with coordinates as labeled, an object moves according to the following set of instructions: From point P the object moves right to , then left to R, then right to S, and finally left until it returns to its original position at P. Which is the closest estimate of the total length, in coordinate units, of the movements this object makes? ​

Answers

huh Step-by-step explanation:

Graph the inequality.
y>|x-4|+3
WILL GIVE BRAINLIEST

Answers

Answer:

B

Step-by-step explanation:

I used the graphing calculator on desmos

Robin is having a dinner party for 135 people at her favorite restaurant. If 9 people can be seated at each table, how many tables are there?

Answers

Answer:

15

Step-by-step explanation:

The length of a rectangular playing field is 5 meters less than twice its width. If 230 meters of fencing goes around the field, find the dimensions of the field. Find the length of the field.

Answers

Answer:

205/3 meters or 68.33 meters

Step-by-step explanation:

Perimeter = 2W + 2L

L = 2W - 5

230 = 2W + 2(2W - 5)

230 = 2W + 4W - 10

230 = 6W - 10

220 = 6W

W = 110/3 or 36.67 m

Add the Width into the formula for L to find the length

L = 2(110/3) - 5

L = 205/3 m or 68.33 m

Which three lengths could be the lengths of the sides of a triangle?
A.8cm, 23cm, 11cm
B.9cm, 15cm, 22cm
C.2qcm, 7cm, 7cm
D.13cm, 5cm, 18cm

Answers

Letter C
2cm, 7cm, 7cm

hope this helps :).

Can somebody please help with this ?? :)

Order the following weights from smallest to largest 17,000 mcg, 12 mg, 10 gr, 0.4 g, 1.oz, 1/2 lb.

Answers

Answer:

1/2 pound

1 ounce

17,000 mcg

10grams

0.4

12 mg

Describe Solution Sets
Is the solution to a two-variable inequality always
a solution of the related function? Explain.
I
co
abo

Answers

Answer: No

Step-by-step explanation: The two variable, lets say that y = x5

This is an ex. of. a related function

If its and inequality, ex. y < x5 This can not be a function for it doesnt have an equal sign

I need help, I can’t get this

Answers

Answer:

B

Step-by-step explanation:

Complementary means that when added up two angles will equal 90° so 90-15=75 means that B is the correct answer.

Can someone please help me I will give them 20 points and brianly

Answers

8 i think




...........

In this diagram, lines AB and CD are parallel.

Angle ABC measures 35° and angle BAC measures 115°.

What are the measures of the following angles?

1. m∠ACE = ___°

2. m∠DCB = ___°

3. m∠ACB = ___ °

Answers

Answer:

1). m∠ACE = 115°

2). m(∠DCB) = 35°

3). m(∠ACB) = 30°

Step-by-step explanation:

In the diagram attached,

1). AB and CD are the parallel lines and the line AC is a transverse,

  m(∠ABC) = 35°

  m(∠BAC) = 115°

  ∠BAC ≅ ∠ACE [Alternate interior angles]

  m(∠ACE) = m(∠BAC) = 115°

2). Since, AB and CD are the parallel lines and line CB is a transverse,

   ∠ABC ≅ ∠DCB [Alternate interior angles]

    m(∠ABC) = m(∠DCB) = 35°

3). From ΔACB,

    m(∠ACB) + m(∠CBA) + m(BAC) = 180°

    m(∠ACB) + 35° + 115° = 180°

    m(∠ACB) = 30°

The digits in a certain number are 4 and 8. To the nearest ten, the number rounds to 80.

What is the number?

Answers

The number would be 84 because 48 rounds up to 50 while 84 rounds down to 80.

Hope this helped :)

Which inequality matches the graph?
a) x>-2
b) x -2
d) x<-2

Answers

Answer:

x ≥ -2

Step-by-step explanation:

We see that x has to be greater than -2 but can include it as well. Therefore, we use the greater than or equal to sign.

x ≥ -2

The answer would be x ≥ −2
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