Maxine deposits $1,000 into an account that pays 4.5% interest, compounded daily. What is her
balance at the end of six years?

Answers

Answer 1

Answer:

  $1309.94

Step-by-step explanation:

The formula for the account value with interest compounded is ...

  A = P(1 +r/n)^(nt)

where P is the principal invested at rate r compounded n times per year for t years.

Using P=1000, r=0.045, n=365, t=6, we find the account balance to be ...

  A = 1000(1 +0.045/365)^(365·6) ≈ 1309.94

Maxine's balance will be $1309.94 at the end of 6 years.

_____

Additional comment

In most 6-year periods, there will be two leap years. In a leap year, n=366 instead of 365. The difference between the effective standard year rate and the effective leap year rate can be seen in the 8th decimal place of the multiplier. The numbers in this problem only have 6 significant figures, so there is no need to try to account for leap years.

A proper accounting for the leap years would add just under 0.002 cents to the balance for a $1000 investment. If the original deposit were $1,000,000, then a proper leap-year accounting would add 2¢ to the balance after 6 years.


Related Questions

2 Write the following numbers in order of size Start with the smallest number. 0.08 0.25 0.81 0.68​

Answers

Answer:

.08 .25 .68 .81

Step-by-step explanation:

smallest to latest as follows

Answer:

0.08,0.25,0.68,0.81

Step-by-step explanation:

Check the number which is nearest to one. eg 0.81 is the nearest approximation to 1 therefore it is the highest

Help me with give brainless if correct the test will show me!!!

Answers

Answer:4,2

Step-by-step explanation:

Marking brainliest

In what ways do you think tree planting is important? (Don’t use the internet)

Answers

Answer:

this is what I would say from my own opinion

Step-by-step explanation:

Tree planting is very important because trees give us oxygen and helps us live and helps keep the economy alive. The way trees are planted are very important because you have to care for it a lot. if it isn't done correctly then the tree will die. Trees need lots of water, sunshine. if the tree isn't correctly planted then it will just be a fail of getting a tree. millions of trees keeps us living and gives us lots of oxygen.

i will only say 3 ways

1.give it water

2.let it touch with sunlight

3.let it grow in soil

please help. i’ve been stuck on this question the past 10 minutes i’ve tried multiple times and still don’t get it. i need help please :/

Answers

Answer:

To solve the equation, you have to to isolate the variable. So, first you subtract both sides by 7.

x +7 - 7 = -2 - 7

When you simplify further,

x = -9.

Hope this helps! :)

Use the unit circle to evaluate the six trigonometric functions of θ= 7(pi) / 2

Answers

Answer:       Look down bellow

Step-by-step explanation:

Calculating Pi Yourself. There are many special methods used to calculate π and here is one you can try yourself: it is called the Nilakantha series (after an Indian mathematician who lived in the years 1444–1544). It goes on for ever and has this pattern: 3 + 4 2×3×4 − 4 4×5×6 + 4 6×7×8 − 4 8×9×10 + ...

Hope that helped

how to solve 2b-(-4b)​

Answers

Step-by-step explanation:

there is nothing to solve as there is no equation.

but we can simplify the expression :

2b - (-4b) = 2b + 4b = 6b

remember :

++ = +

+- = -

-+ = -

-- = +

Answer:

6b

Step-by-step explanation:

2b+4b (- - = +)

The answer is 6b

write an equation of a line in slope intercept form that passes through (3,-2) and the slope is 1/6 then convert to standard form

Answers

Answer:

slope-intercept form: [tex]y=\frac{1}{6} x-\frac{5}{2}[/tex]

standard form: [tex]x-6y=15[/tex]

Step-by-step explanation:

To write an equation for the line with the only point as (3,-2) and the slope is [tex]m=\frac{1}{6}[/tex]    we  use the slope-intercept formula [tex]y=mx+b[/tex]

To convert an equation that is in slope-intercept form with fractions you have to multiply the denominator of each fraction on both sides of the slope-intercept form equation.

I WILL GIVE BRAINLIST IF YOU ANSWER ALL THREE OF THESE QUESTIONS !! MUST BE IN ORDER
example : number 1 is ___ number 2 is ____ number 3 is___

1.) solve the system of equations

x+ 3y =5
-x +6y= 4

A) x=1, y=2
B) x= 2 y=1
C) x= 1 y=1
D) x= 0 y=2

2.) solve the system of equations

2x-2y=6
3x+2y=9

A) x=0 ,y=3
B) x=3, y=0
C) x=1, y=-2
D) x=-2, y=1

3.) solve the system of equations

5x-2y=3
-5x+4y=9

A) x=6,y=3
B) x=6, y= 13 1/2
C= x=3, y=6
D) x=1, y=0

Answers

Answer:

1. (b) is the answer

2. (b) x=3 ,y= -2

3. I dont lnow

1.) Find which printer is more efficient?
Epson prints 31 pgs Canon prints 53 pgs
in 4 mins
in 7 mins.
9

Answers

Answer:

Canon

1

1

1

1

1

1

1ososososeo9eiww

If your wording is epson-31 pgs by 4 minutes and canon- 53 pgs by 7 minutes then epson is faster. Epson 1pg/7.7sec canon 1pg/7.9sec

Jacob paid $120 for a portable e-book reader that was 80% of the original price. What was the original price?

Answers

Answer:

$24

Step-by-step explanation:

80% of 120 is 96, 96-120 is 24.

please help will give 10 points!!!

Answers

Answer:

m = variables

+4 = Coefficients

-7 = Coefficients

and 2 and 6 are Constants

Hope this helps!

Step-by-step explanation:

HELP MEEEE!!!!!!!!!!
The Riverton School softball team is made up of both fifth-grade and sixth-grade students. This year, there are 2 fifth-grade students for every 5 sixth-grade students on the team.If there are 9 more sixth-grade students than fifth-grade students on the softball team this year, how many sixth-grade students are on the team?

Answers

Answer:

15

Step-by-step explanation:

15/5=3

3 times 2=6

15-6=9

Answer:15

Step-by-step explanation:

What's the answer to 13 times 12

Answers

[tex]13 \times 12 = 156[/tex]

Apples are 88 cents a pound if I have $6 how many pounds of apples can I buy with the $6 round to the nearest whole pound

Answers

Answer:

7 lbs

Step-by-step explanation:

Answer:

You can buy about 7 pounds of apples.

Step-by-step explanation:

Since we're dealing with cents, we'll change 88 to 0.88 so we can solve.

I personally did 0.88p = 6, where p = pounds, and then I divided 0.88 on both sides.

Of course you could just divide normally,

6 ÷ 0.88, either way it equals 6.81 repeating.

When you round that up, it will equal to 7.

Hope this helps :)



Which package has the better unit price per ounce?

Answers

Answer:

The 48-pack has the better unit price per bottle

Step-by-step explanation:

Given the two packages of same brand water bottles, where:

48-pack of 8 oz bottles = $5.88  28-pack of 10 oz bottles = $5.98  

We can compare which package has the better unit price per bottle by finding out how much each bottle costs, and the price per fluid ounce (fl oz) of each bottle.  

48-pack:

For the 48-pack, divide the total cost of $5.88 by the number of bottles for the whole package to determine the price of each bottle.

[tex]\mathsf{\frac{\$5.88} {48\:bottles}\:=\:\$0.1225\:per\:bottle}[/tex]

Next, divide the price per bottle by 8 ounces to find the cost per fluid ounce of the 48-pack:

[tex]\mathsf{\frac{\$0.1225} {8\:fl\:oz}\:=\:\$0.015\:per\:fl\:oz}[/tex]  

28-pack:

Similar to our solution for the 48-pack, we can determine the price of each bottle in a 28-pack by dividing the total cost of $5.98 by 28 bottles to determine the price of each bottle.

 [tex]\mathsf{\frac{\$5.98} {28\:bottles}\:=\:\$0.21357\:per\:bottle}[/tex]

Next, divide the price per bottle by 10 ounces to find the cost per fluid ounce of the 28-pack:

[tex]\mathsf{\frac{\$0.21357} {10\:fl\:oz}\:=\:\$0.0214\:per\:fl\:oz}[/tex]

Answer:

Therefore, the 48-pack of 8-ounce bottles has a better unit price per bottle of $0.12 than the unit price per bottle of the 28-pack of water bottles of $0.21.  

critical points of multivariable functions calculator

Answers

Answer:

Step-by-step explanation:

here's a link Hope it helps https://www.emathhelp.net/calculators/calculus-3/critical-points-extrema-saddle-points-calculator/

its not a scam

find the area of wyz

Answers

B. multiply the whole thing for the area then divide by two bcs its a triangle

2 1/3 times 2 1/2 as a mixed number in simplest form

Answers

Answer:

5 5/6

Step-by-step explanation:

Convert to improper numbers

2 1/3 = 7/3

2 1/2 = 5/2

7/3 * 5/2 = 35/6

35/6 as a mixed fraction is 5 5/6

Answer:

5 [tex]\frac{5}{6}[/tex]

Step-by-step explanation:

2 1/3 * 2 1/2 = 7/3 * 5/2 (converting into improper fraction)

= 7*5 / 3*2

= 35 / 6

= 5 [tex]\frac{5}{6}[/tex]      (35/6 as mixed fraction)

can i have help please

Answers

Answer:

4 x 4 = 16

5 x 5 x 5 x 5 = 625

3 x 7 x 7 x 7 x 7 = 7203

2 x 9 x 9 x 9 x 2 x 9 = 26244

Mark Brainliest plz

Hope this will help you out!

+56-(3+4-1)= ?????????

Answers

Hey there!

56 - (3 + 4 - 1)

= 56 - (7 - 1)

= 56 - 6

= 50

Therefore, your answer is: 50

Good luck on your assignment and enjoy your day!

~Amphitrite1040:)

The answer is 50. Because 3+4-1=6 so 56-6 is 50.

solve 4m^2-5 if m = -4

Answers

The answer is 59 for

The y-intercept is when the line crosses the y-axis and when y is equal to zero.TrueTrueFalse

Answers

True is the right answer

What is the point-slope form of a line that has a slope of 4 and passes through point (-3, 1)?

Answers

Answer:

y-(-3)= -4(x-1)

Step-by-step explanation:

i got it correct

MULTIPLE CHOICE QUESTIONS: OPTIONS; 0, 1, 3, 4 WILL MARK BRIANLIEST What statment makes the open sentence 2.4 = 6x true? OPTIONS: (x = 4.0), (x = 2.5), (0.4), (x = 0.2)

Answers

Answer:

C.

-2.4=6x Since you're solving for x, the first thing you want to do is get x by itself. To do that you divide 6x by 6 and what you do one side of an equation you have to do to the other. SO now you should have 2.4/6=x Once you divide 2.4 by 6, you get your answer which is .4 Hope this helps!

Step-by-step explanation:

multiply each option by 6 and see if it equals 2.4

PLS HELP RN PLEASE PLEASE

Answers

Answer:

positive number or 0 but not negitive

Step-by-step explanation:

Michelle bought 12 cookies and 8 cupcakes for $72. Jana bought 5 of the same cookies and 10 of the same cupcakes for $50. What is the price of each item?

Answers

12x+8y=72
5x+10y=50
X=cookies, y=cupcakes
Cookies are 4$ each and cupcakes are 3$ each

Answer:

Step-by-step explanation:

x = cookies

y= cupcakes

12x + 8y = 72

 5x + 10y = 50

60x + 40y = 360

-20x - 40y = -200

40x = 160

x = $4 each cookie

12(4) + 8y = 72

48 + 8y = 72

8y = 24

y = $3 each cupcake

Brian needs to make a total of 80 deliveries this week. So far he has completed 64 of them. What percentage of his total deliveries has Brian completed?

Answers

The percentage of his total deliveries has Brian completed is 80%.

What is percentage?

   In a percentage, the total value is always 100, making it a ratio or fraction. For instance, Sam received a score of 30% on his arithmetic test, which is 30 out of a possible 100. In terms of ratio, it is expressed as 30:100 and as a fraction as 30/100. A certain portion or amount in every hundred is referred to as a percentage. The fraction is denoted by the sign "%," and its denominator is 100.

Here the given

Total number of deliveries = 80

The number of deliveries completed by Brian= 64

Now the percentage of deliveries completed by him is,

=> [tex]\frac{Number of deliveries completed by brian}{Total number of deliveries}[/tex] × 100

=> [tex]\frac{64}{80}[/tex] × 100

=> [tex]\frac{4}{5}[/tex] ×100

=>4×20 = 80%

Hence the percentage of his total deliveries has Brian completed is 80%.

To learn more about percentage refer the below link

https://brainly.com/question/4784422

#SPJ1

There are 80 people in a choir.
Half the people in the choir are women.

The number of men in the choir is one quarter of the number of women.
The rest of the people in the choir are children.
the number of children in the choir : the number of men in the choir = n : 1
Work out the value of n.
You must show how you get your answer.

Answers

There are 30 children in the choir

Number of people in the choir = 80

Number of women = 1/2 × 80 = 40.

Number of men = 1/4 × 40 = 10

Therefore, the number if children will be:

Men + Women + Children = 80

10 + 40 + n = 80

n = 80 - 40 - 10

n = 50

There are 30 children in the choir.

Read related link on:

brainly.com/question/24717307

Answer:

3

Step-by-step explanation:

80/2= 40= women

1/4 × 40= 10= men

40+10= 50 men and women

80-50= 30 children

30:10 simplified= 3:1

n=3

Assume that the mean of a dataset is 100 and the standard deviation is 5. If we multiply each value in the data by 2, what would be the new standard deviation?

Answers

Answer:

7

Step-by-step explanation:

Using statistical concepts, it is found that the new standard deviation of the variable would be of 10.

When a constant is multiplied to each data in a variable:  

The mean is multiplied by this constant.The standard deviation is multiplied by this constant.

In this problem, the standard deviation of the variable is 5, multiplied by 2, hence:

5 x 2 = 10

The new standard deviation of the variable would be of 10.

A similar problem is given at https://brainly.com/question/25718546

What is the answer to this please help I got put in honors math (4)(25)-300

Answers

Answer: -200

Multiply 25 and 4.

(100)-300

-200

:)

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