How much money should be put into a savings account now that earns 6.0% a year compounded weekly if you want to have 70000 in 15 years?

Answers

Answer 1

If you want to have $70,000 in 15 years, you need start saving money now in a savings account that earns 6.0% annually compounded weekly.

How does compound interest work?

When you earn interest on your interest earnings as well as the money you have saved, this is known as compound interest.Compounding is effective for both promised and unguaranteed products. All or part of your money could be lost.

Use the compound interest formula and enter the figures you are familiar with. Then find a solution for the unknown number.

A = P(1 +r/n)^(nt)

where A represents the balance of the account, P represents the amount invested, r represents the yearly rate, n represents the number of times per year interest is compounded, and t is the number of years.

Filling in the given values, we have ...

70000 = P( 1 + 0.06/52)^(52*15) = P(2.4583)

P = 70000/2.4583 = 28474.96

You would need to deposit 28474.96 in order to have 70000 in 15 years.

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Related Questions

What is the formula for vector direction?

Answers

The formula for vector direction is: Direction = arctan (y/x) , Where x is the x component of the vector and y is the y component of the vector.

1. Find the x and y components of the vector

2. Divide the y component by the x component

3. Calculate the arctan (inverse tangent) of the result

4. The result is the direction of the vector in radians (or degrees if you prefer).

If you want to convert the result from radians to degrees, you can use the following formula:

(in degrees) = arctan (y/x) * (180/π)

Where π (pi) is approximately equal to 3.14.

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Question 1(Multiple Choice Worth 4 points) (02.05 LC) A surgeon performed two types of surgeries to treat large kidney stones and small kidney stones. Treatment A on large stones was successful 73% of the time, but on small stones it was successful 93% of the time. Treatment B was successful on large stones 69% of the time, but on small stones it was successful 87% of the time. The overall report stated treatment B was more successful. What may make this claim possible? Sampling error Cause-and-effect relationship Convenience error Confounding Simpson's Paradox

Answers

The correct option is Simpson's Paradox because the concept of the other options don't depict the paradox displayed in the question.

Simpson's paradox

it is simply a phenomenon in probability and statistics, whereby a trend appears in several different groups of data but will disappear or reverse when these groups are combined.

This result is often encountered in many areas of statistics and is very problematic especially when frequency data is given causal interpretations. The paradox can be resolved when causal relations are appropriately addressed in the statistical modeling.

It concluded that treatment B was more successful than treatment A without considering the conditions under which both treatments were carried out neither did it consider the severity of cases of patients involved in the treatment.

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52 > 43 + w

is it a solution?
7 yes or no
4 yes or no
13 yes or no
9 yes or no
answer with a yes or no for EACH one
HELP

Answers

Answer:

7 yes

4 yes

13 no

9 no

Step-by-step explanation:

For each one, just substitute the number in as w in the equation they gave you and then check if it is less than 52.

7 yes because 52 > 43 + 7.

4 yes because 52 > 43 + 4.

13 no because 52 < 43 + 13.

9 no because 52 = 43 + 9 and 52 isn't less than 52.

Answer:

yes

yes

no

no

Step-by-step explanation:

I NEED ANSWERS ASAP!!!!!!!!!!!

If WY is 4. 6, what is MZ? Round your

answer to the nearest tenth. Write NA if there

is not enough information given.

Answers

NA (There is not enough information given to determine the value of MZ)

In this question, we are given that WY is 4.6 for us to find the value of MZ We need more information to be in a position to answer this. More information includes maybe we know the value of M or at least having some relationship between WY and MZ for us to draw a conclusion and come up with the value of MZ. If at all we had a common value in WY and MZ say M then it could be easier to come to a conclusion and finally get the value of MZ.

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Solve each system of inequalities. SHOW WORK.

[tex]\left \{ {{0.7x-2.1\ \textless \ 0} \atop {\frac{2}{3} x\ \textgreater \ 1}} \right.[/tex]

Answers

Answer:

Solve linear or quadratic inequalities with our free step-by-step algebra calculator. ... Example 1 Solve for x and check: x + 5 = 3. Solution.

Missing: [tex ‎0.7x-2.1\ ‎\textless ‎\atop ‎\textgreater ‎tex]

On a negatively skewed curve, which is true?
a.The median is lower than the mode which is lower than the mean. b.The mean, median, and mode are the same. c.The mean is lower than the median which is lower than the mode. d.The mode is lower than the mean which is lower than the median. e.The mean is lower than the mode which is lower than the median.

Answers

The mean of negatively skewed data is smaller than the median. If the data are displayed symmetrically, the distribution is not skewed regardless of tail length or thickness. So, option d. is correct.

What do you mean by skewed curve?

A skew curve is a type of statistical distribution in which the data are unevenly distributed. This is often called an asymmetric distribution, meaning that the two halves of the curve look different. A skewed curve can be either positively or negatively skewed, depending on the direction in which the data points are shifted. Positively skewed curves tend to have long tails to the right, while negatively skewed curves tend to have long tails to the left. This type of distribution is common in real-world data such as income and wealth distributions.

A negatively skewed curve is indicated by the negative tail of the chart. This means that the data points are likely to be below average. Therefore, the mean is lower than the mode, which is lower than the median. The mean is the arithmetic mean of all data points, the mode is the most common value, and the median is the midpoint of the data points.

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willl mark you brainlieestttt

Answers

Answer:

C

Step-by-step explanation:

Answer:

- 7√10

Step-by-step explanation:

Step 1 : Take √10 common

2√10 - 5√10 - 4√10

= √10 ( 2 - 5 - 4 )

Step 2 : Subtract the numbers separately.

2 - 5 - 4

= 2 - 9

= - 7

Step 3 : Multiply √10 and - 7

√10 * - 7 = - 7√10

It is given that y is inversely proportional to the square of x and that y=48 when x=[tex]\frac{1}{2}[/tex].
Find;
(a), the formula for y in terms of x,
(b), the values of x when y=3.

Answers

Answer:

[tex]a. y = 12\times \frac{1}{x^2} \\b. x = 2 , when \ y =3[/tex]

Step-by-step explanation:

[tex]y \ is\ inversely \ proportional \ to \ square \ of \ x \ means , y \ \alpha \ \frac{1}{x^2}[/tex]

[tex]Therefore, y = k \times \frac{1}{x^2}[/tex]

Given y = 48, x = 1/2. We will find k.

                 [tex]y = k \times \frac{1}{x^2}\\\\48 = k \times \frac{1}{\frac{1}{4}}}\\\\k = 48 \times \frac{1}{4} =12[/tex]

Find x.

[tex]y = k \times \frac{1}{x^2} \\\\3 = 12 \times \frac{1}{x^2}\\\\\frac{3}{12} = \frac{1}{x^2}\\\\x^2 = \frac{12}{3}\\\\x^2 = 4 \\\\x = 2[/tex]

4x+4y=4 3x+y=10 solve by elimination

Answers

Answer and Step-by-step explanation:

First, solve for y in the second equation because that equation would be easier to solve than the first one for y.

y = 10 - 3x.

Now, plug this into the y of the first equation, and solve for x.

4x + 4(10 - 3x) = 4

Distribute the 4.

4x + 40 - 12x = 4

Combine 4x and -12x,  Subtract 4 from both sides, then add -8x to both sides.

-8x + 40 = 4

36 = 8x

Divide both sides by 8.

[tex]\frac{9}{2}[/tex] (or 4.5) = x

Now, plug this in for x in the second equation to solve for y.

3 × 4.5 + y = 10

13.5 + y = 10

Subtract 13.5 from both sides.

y = -3.5

[tex]\frac{9}{2}[/tex] (or 4.5) = x

y = -3.5

#teamtrees #PAW (Plant And Water)

Which graph shows the polar coordinates (−3,−π4) plotted?

Answers

The graph located in the lower right section represents the point with coordinates (r, θ) = (-3, -π/4).

How to chose a graph associated with given polar coordinates

A point in polar form is described by its magnitude and angle in standard position. When magnitude is negative it means that its angle is +π radians than its equivalent with positive magnitude.

Then, we can determine the angle of the resultant point by means of the following expression:

θ⁻ = θ⁺ + π   (1)

Where:

θ⁺ - Angle of the equivalent point with positive magnitude, in radians.θ⁻ - Angle of the equivalent point with negative magnitude, in radians.  

If we know that θ⁺ = -π/4 and r = 3, then the angle of the point in standard position is:

θ⁻ = θ⁺ + π

θ⁻ = -π/4 + π

θ⁻ = 3 · π/4

Hence, the graph located in the lower right section represents the point with coordinates (r, θ) = (-3, -π/4). [tex]\blacksquare[/tex]

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Which scatter shows a positive association for the data

Answers

Answer:

A scatter plot shows the association between two variables. A scatter plot matrix shows all pairwise scatter plots for many variables. If the variables tend to increase and decrease together, the association is positive. If one variable tends to increase as the other decreases, the association is negative.

Step-by-step explanation:

hope that helps!! :)

Jus
t be. FOREVER
my fri
end​

Answers

Answer:

thank u for points

stay safe happy and healthy..

Answer:

okay sure lol

Step-by-step explanation:

A mathematics teacher wanted to see the correlation between test scores and homework. The homework grade (x) and test grade (y) are given in the accompanying table. Write the linear regression equation that represents this set of data, rounding all coefficients to the nearest tenth. Using this equation, find the projected test grade, to the nearest integer, for a student with a homework grade of 80.



Regression Equation:

Final Answer:

Answers

on solving the equation, we have therefore the value of x from the given equation comes out to be 13.5

What is equation?

An equation is a formula in mathematics that joins two statements with the equal symbol = to represent equality. The definition of an equation in algebra is a mathematical statement proving the equality of two mathematical expressions. In the equation 3x + 5 = 14, for instance, the terms 3x + 5 and 14 are separated by an equal sign. The link between two phrases on either side of a letter is expressed mathematically. There is often only one variable, which is also the symbol. instance: 2x - 4 Equals 2.

equation given is 3(x+2)=7x-48

value of x

[tex]3(x+2)=7x-48\\ 3x+6=7x-48\\7x-48-3x-6=0\\ 4x-54=0\\ 4x=54\\ x=54/4\\ x=13.5\\[/tex]

value of x from the given equation comes out to be 13.5

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△BOK∼POS. Identify the coordinates of K and the scale factor.

O = 0, 0

B = 5, 0

P = 8, 0

S = 0, -12

Answers

The coordinates of K = (0, -7.5) and the scale factor is 8/5.

Consider the following figure of triangles.

△BOK and ΔPOS.

Since △BOK∼ ΔPOS, the sides of △BOK and ΔPOS must be in proportion. (from definition of triangle similarity)

i.e., OP / OB = OS / OK = PS/BK

Consider an equation,

OP / OB = OS / OK

From the diagram:

OP = 8, OB = 5, OS = 12

Substitute these values in above equation.

8/5 = 12/OK

OK = 60/8

OK = 7.5

We can observe that OK is the distance of point K from origin 'O'

So, the coordinates of K would be (0, -7.5)

And the scale factor is 8/5.

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Given the data set 3,4,1,12,8,3,9,5,what is the median?

Answers

Answer:

4.5

Step-by-step explanation:

Put numbers in order, 1,3,3,4,5,8,9,12

Divide by 2 because there are 2 numbers

Because 4.5 is in the middle of 4 and 5 that is your median

Use the graphs below to answer the question.
From left to right and top to bottom, the titles read, Graph A. Graph B, Graph C. Graph D, Graph E.
Which graphs represent a nonlinear function?
Select all that apply.
A
Graph A
B.
Graph B
С
Graph C
D
Graph D
E
Graph E

Answers

Answer:

it's graph A sorry if I'm wrong:)))

The answer would be D I believe

there are 40 questions in the test Jane got 6/8 of the questions correct Jim got 20 more wrong answers than Jane did how many correct answers the gem get​

Answers

Step-by-step explanation:

[tex] \frac{6}{8} \times 40 = 30 \\ jane \: got \: 30 \: questions \: correctly \\ that \: means \: that \: jim \: got \: 30questions \: wrong \\ therefore \: the \: questions \: he \: got \: right \: is \: 40 - 30 = 10[/tex]

What are the dimensions of the base of the pyramid?

m
8 ft by 6 ft
8 ft by 3 ft
6 ft by 3 ft
8 ft by 9 ft

Answers

Answer:

I don’t understand the question

Step-by-step explanation:

given that sin x = cos 2x find the value of x​

Answers

Answer:

The most straightforward way to obtain the expression for cos(2x) is by using the "cosine of the sum" formula: cos(x + y) = cosx*cosy - sinx*siny. cos(2x) = cos² (x) - (1 - cos²(x)) = 2cos²(x) - 1. = 2cos²(x) - 1.

Step-by-step explanation:

Division of mixed numberrss

Answers

Answer:

1. 99/104

2. 4/3

3. 6/5

4. 52/25

5. 57/58

6. 33/100

7. 1/2

8. 8/5

9. 4

10. 4/3

hope this helps any

What is the area of the composite figure below?

Answers

Answer:

33 sq cm.

Step-by-step explanation:

Let's calculate each shape serperately,

--------

For the square, the area is 25 since

5 × 5 = 25

-------

For the rectangle, the area is 8:

4 × 2 = 8

-----

Add these together to get 33 sq cm

Have a good day :)

What is the measure of DE?

A. 39°
B. 37°
C. 41°
D. 40°

Answers

Answer: C 41 degrees

Step-by-step explanation:

What is the probability of a football player correctly guessing whether the coin
toss will be heads or tails?

Answers

The probability of guessing what it’ll be is 1/2

#11 Please answer the question

Answers

The answer to this is D. 134

I would like help with this, please. Someone give me an answer in the next day or two.

Answers

Answer:

one solution

Step-by-step explanation:

The two lines cross at exactly one point.  That means there is one solution.

Ariana has a collection of 100 coins. How many coins represent 10% of her collection?

Answers

Answer: 10

Step-by-step explanation:

10% is the same as 10/100

10% would equal 10 (out of the 100) coins

Y=4x-4 two step function table

Answers

x     y   is the two-step function table of the given linear equation

0    -4

1     0

What is a linear equation?

A linear equation is an algebraic equation of the form y=mx+b, where m is the slope and b is the y-intercept, and only a constant and a first-order (linear) term are included. The variables in the preceding equation are y and x, and it is occasionally referred to as a "linear equation of two variables."

given an equation y  = 4x -4

Use the slope-intercept form to find the slope and y-intercept.

y = mx + c

m =4

c = -4

Slope = 4

The slope of the line is the value of m, and the y-intercept is the value of b.

y-intercept  : (0, -4)

x-intercept where y = 0 : (1, 0)

Therefore, the table of the two-step functions is Written below.

x     y  

0    -4

1     0

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2. Find the surface area of the solid:
3.1 ft
8 ft
6 ft


Can you show me how you got the answer pls

Answers

It doesn’t let me show how I got it but the answer is option 4

  PLS PLS HELP ASAP!!! ILL GIVE BRAINIEST AND 50 POINTS!!!

Identify or mark the missing side or angle that would make triangle ABC congruent to triangle PDF by AAS. Explain why it’s the missing side or angle.

Answers

Answer:

Mark angles C and F as congruent.

Step-by-step explanation:

Angle-Angle-Side (AAS) Congruence Theorem

If any two angles and the non-included side of one triangle are congruent to the corresponding parts of another triangle, the triangles are congruent.

The given triangles have one corresponding angle and one corresponding side marked as congruent.  

To satisfy AAS congruency, another pair of corresponding angles need to be marked as congruent.  

As an included side is the side between two angles, we cannot mark angles A and P as congruent, as this would not satisfy AAS congruency since sides AB and PD would be the included sides.  

Therefore, to make triangle ABC congruent to triangle PDF by AAS, mark angles C and F as congruent.

The Space Needle elevator can hold a maximum of 4,500 pounds. Twenty-five people need to use the elevator. Arian had some measures from the data set of how much each person weighed. Which measure would be most useful to determine if the people can safely use the elevator?
Answer choices
Mode

Mean

interquartile range

Median

Answers

The measure that would be most useful to determine if the people can safely use the elevator is B. Mean

How to illustrate the information?

The most useful measure to determine if the people can safely use the elevator would be the mean weight of the people, as it would give an idea of the average weight of the group and if it is below 4,500 pounds.

The mode is the most common value in a set of data and does not give information about the weight of the entire group. The interquartile range is a measure of the spread of the middle 50% of the data and does not give information about the average.

In conclusion, the correct option is B.

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