if 11,100 is invested at 3.1 percent interest compounded monthly, how much will the investment be worth in 19 years?

Answers

Answer 1

Answer: The formula for compound interest is:
A=P(1+r/n)^(nt)
Where A represents the amount of money in the account after t years, P is the principal (investment), n is the number of compoundings per year, and r is the interest rate in decimal form.
P=11,100
r=.031
n=12 (monthly)
t=19
A=11,100(1+.031/12)^(12*19)
A=11,100(1+. 002583)^(228)
A=11,100(1.002583)^(228)
A=11,100(1.80082)
A=$19,989.10

Answer 2

Answer:

Step-by-step explanation:

Related Questions

Write the following equation in the general form ax by c = 0. y - x - 1 = 0
What is the following product?
What are the solutions to the quadratic equation 4x^2 = 64? A. x = −16 and x = 16 B. x = −8 and x = 8 C. x = −4 and x = 4 D. x = −2 and x = 2
A = 12, b = ?, c = 15a = ?, b = 7, c = 25a = 8, b = 15, c = ?a = 24, b = ?, c = 26
What is the range of the function on the graph?O all real numbersO all real numbers greater than or equal to 0O all real numbers greater than or equal to 1O all real numbers greater than or equal to 2

Lucy wants to put out 32 ounces of orange juice in her favorite cylindrical pitcher for her family brunch. The pitcher is 13 cm in height and has a radius of 3 cm. Will the orange juice fit? A) No, because the volume of the vase is approximately 489.84 cubic centimeters, which is equivalent to 16.56 fluid ounces. B) No, because the volume of the vase is approximately 367.38 cubic centimeters, which is equivalent to 12.42 fluid ounces. C) Yes, because the volume of the vase is approximately 1469.52 cubic centimeters, which is equivalent to 49.69 fluid ounces. D) Yes, because the volume of the vase is approximately 367.38 cubic centimeters, which is equivalent to 10864.71 fluid ounces.

Answers

$\bf \textit{volume of a cylinder}\n\n V=\pi r^2 h~~ \begin{cases} r=radius\n h=height\n[-0.5em] \hrulefill\n r=3\n h=13 \end{cases}\implies V=\pi (3)^2(13)\implies \stackrel{V=117\pi}{V\approx367.57~cm^3}$

now, a US gallon(128 oz), has 3785 cm³, so if there are 128 oz in 3785 cm³, how many ounces are there in 367.57 cm³?

$\bf \begin{array}{ccll} oz& cm^3\n \cline{1-2} 128&3785\n x&367.57 \end{array}\implies \cfrac{128}{x}=\cfrac{3785}{367.57}\implies \cfrac{128\cdot 367.57}{3785}=x\implies \stackrel{oz}{12.4}\approx x$

so her pitcher can only hold as much as 12.4 ounces of OJ, so those 32oz won't fit in it.

Patti is using mental math to evaluate the expression (70 + 12.8 + 30) + 6.1. She recognizes that the expression will be easier to simplify if she can combine 70 and 30 before she works with the other numbers. How do the properties of operations allow Patti to take that approach?

Answers

Answer:

D. She can use the commutative property to rewrite the expression as (70 + 30 + 12.8) + 6.1

Step-by-step explanation:

Answer:54

Step-by-step explanation:

At a skills competition, a target is being lifted into the air by a cable at a constant speed. An archer standing on the ground launches an arrow toward the target. The system of equations below models the height, in feet, of the target and the arrow t seconds after it was fired. Which statement most likely describes the situation modeled by this system?h=8+2t
h=4+32t-16t^2

1The arrow is fired with an initial upward velocity of 2 ft/s.
2The arrow is fired with an initial upward velocity of 4 ft/s.
3The arrow is fired with an initial upward velocity of 8 ft/s.
4 The arrow is fired with an initial upward velocity of 32 ft/s.

Answers

By definition, the equation of movement in its generic form is given by:

$h(t) = -(1)/(2)gt^2 + v0t + h0$

Where,

g: acceleration due to gravity

v0: initial speed

h0: initial height

The equation for the arrow is given by:

$h = 4 + 32t-16t ^ 2$

Then, according to the definition, the initial velocity of the arrow is:

$v0 = 32$

Answer:

4 The arrow is fired with an initial upward velocity of 32 ft / s.

From the kinematic equations, s(t) = s_in + (v_in)(t) – (1/2)(g)(t^2). This means that there is an initial distance of 4, initial velocity of 32 and acceleration (in opposite direction of the motion) of 32. Option 4 shows the correct answer.

Is this statement true or false?
Circumference is the distance around the outside of a circle

Answers

true, it is basically the perimeter of the circle

Consider the following two circles. Circle P with center (-1, 2) and radius 3 and circle Q with center (3, 4) radius 5. What sequence of transformations will carry circle P onto circle Q? Select all that apply.A. Dilation centered at Q, followed by reflection across the y-axis
B. Dilation centered at P, followed by reflection across the y-axis and then the line y = -x + 5
C. Translation (x,y) -> (x+4, y+2), followed by dilation centered at Q
D. Dilation (x+y) -> (3/5x, 3/5y), followed by dilation centered at P
E. Reflection over x-axis followed by rotation of 270 degrees

Answers

Answer:

B. Dilation centered at P, followed by reflection across the y-axis and then the line y = -x + 5

Step-by-step explanation:

Circle P.

Centerat (-1, 2).

Radius of 3.

Circle Q.

Center at (3, 4).

Radius of 5.

To carry one circle onto the other, their centers and radius must be the same.

So, circle P must be shifted from (-1, 2) to (3, 4), that means the translation is 4 units to the right side and two units upside, this is the first transformation.

The second transformation must be about stretching the circle P, from a radius of 3 to a radius of 5.

Therefore, the right answer is B.

Answer: Option b and Option c

A carton of paper is priced at $27.00 now. If the papergoes on sale for 25% off the current price, what will be the sale price of the carton?

Answers

If a pack of paper costs $27.00 right now. If the paper is discounted by 25% from its regular price, the carton will be sold for $6.75.

What is the percentage?

It's the ratio of two integers stated as a fraction of a hundred parts. It is a metric for comparing two sets of data, and it is expressed as a percentage using the percent symbol.

Given that a carton of paper costs $27.00 right now, If the price of the paper is discounted by 25%,

The usage of percentages is widespread and diverse. For instance, numerous data in the media, bank interest rates, retail discounts, and inflation rates are all reported as percentages. For comprehending the financial elements of daily life, percentages are crucial.

The sale price of the carton is,

sale price = 25% of the current price

sale price =(25/100)× $27.00

sale price = $6.75

Thus, if a pack of paper costs $27.00 right now. If the paper is discounted by 25% from its regular price, the carton will be sold for $6.75.

Learn more about the percentage here:

brainly.com/question/8011401

#SPJ2

Divide the 27 by 4 and that will give you 6.75. Subract the 6.75 from the 27 and theres your answer (20.25) so the sale price is $20.25

Other Questions

Write the point-slope form of the equation of the line through the given point with the given slope.Through (-2,0) slope=2

To find average monthly income, multiply the net pay by the number of pay periods per year. Then divide this yearly income by 12 months.true false

Travis took a taxicab from his office to a meeting on the other side of town. The cab ride cost $8.50 which includes a $2.00 tip. In deciman form, how far is it from his office to the meeting?

Ling is just starting high school, and has set a long-term goal for herself to study abroad in France her senior year of college. List four short-termgoals Ling might want to consider to get on track to meet her goal. Describe the order in which you think these short-term goals should be met and why.