Calculate the balance for a $4,465 deposit in an account with an APR of 3.0% that compounds interest daily that is invested for 5 years?

Express your answer rounded correctly to the nearest cent. Do not include units on your answer.


help hurry

Answers

Answer 1

Compound interest formula:

Total = start value x ( 1 + rate/compound rate) ^( compound rate x time)

Total = 4,465(1 + .03/365)^(365x5)

Total = $5,187.56

Answer 2

The balance after 5 years will be $5177 and 10 cents.

How to calculate compound interest?

Compound interest is calculated by following formula:

[tex]A(1+\frac{r}{n})^{nt}[/tex]

Here:

A=principle amount=$4465

r=rate of interest/100=3/100=0.03

n=no. of days interest is applied=365 days

t=time period of interest=5 years

Putting all the values in the formula we get:

[tex]4465(1+0.03/365)^{365*5}=$5177.1[/tex]

Therefore, The amount at the end will be $5177 and 10 cents.

To know more about compound interest refer:https://brainly.com/question/12325365

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Related Questions

Find the surface area of the prism.

Answers

Answer:     You need to calculate the area of two polygonal bases, i.e., the top face and bottom face.

Step-by-step explanation:

Which expressions are equivalent?
3x-7y and -7y+3x
3x-7y and 7y-3x
3x-7y and 3y-7x
3x-7y and -3y+7x

Answers

Answer:

first one

Step-by-step explanation:

Because the coefficient of x is 3 and coefficient of y is-7

Answer:

A

Step-by-step explanation:

help me please I will be thankful

Answers

Answer:

x=56º

Step-by-step explanation:

The cube tells us that 34º and x must equal 90º

So we use what we know to find the missing piece

90º=34º+x

-34º -34º

56º=x

Answer:56

Step-by-step explanation:90+34+x=180 because triangles angels sums up to 180 degrees

180-124=x

56=x

ASAP PLEASE!!!!!!!!!
A graphic designer draws an image of a house on the computer. In the real world, the house is 30 feet high. On the computer screen, the house appears 4 inches high. What scale factor did the designer apply to the height of the house when creating the drawing? One foot is the same as 12 inches.

Choices:
A.1 to 30
B.1 to 90
C.1 to 40
D.1 to 120

Answers

B. 1 to 90 I’m pretty sure

Callie's and jordan's families were driving to their family reunion in Marshall. Callie's family traveled from Ontario to Marshall. Jordan's family traveled from lucerne to Marshall.haw many more miles did one family drive than the other?
A.41.9 miles
B.423.4 miles
C.465.3
D.888.7​

Answers

Answer:

it's 423.4 miles

Step-by-step explanation:

sotry for taking a while I didn't get your notification

What S the value of x?
Enter
your answer in the box.
X :

Answers

The answer is 46 skeiowdjrbdkfidjsodhbsiduf

are these correct???

Answers

Answer:

They are all correct.

Step-by-step explanation:

1.

1/2(b)(h)

1/2(4)(6)

1/2(24)

12

2. l x w

7 x 5

35

3. (b)(h)

(8)(4)

32

Help me please. And don't put answers like dolfjaldjf or something like that. Like no wrong answers for people who just want points. Because I really need this.

Answers

⬇ Hey bud! I really respect you because you need the answer. Anyways, the answer will be down below! :) ⬇

Answer:

0.20(15+x)=6

Step-by-step explanation:

(0.20)(15) + 0.20x = 6

3 + 0.20x = 6

0.20x = 3

x = 3/0.20

x = 15

Rob's Iunch was $15.

Check it:  

15+15=30  

30x0.20=6

Please mark be brainliest once a second person answers! As I'm trying to move up to Genius and recover my points and brainliest's! It will always be appreciated. If you need any help comment down below so I can help you! Have a great day! :D

A young couple wants to save $40,000 over the next 5 years and then use this money as a down payment on a home. How much money must they deposit at the end of each quarter in an account that earns 5% compounded quarterly?

Answers

5% of 40,000 is 2,000


You want to install a 3 yd wide walk around a circular swimming pool. The diameter of the pool is 16 yd. What is
the area of the walk? Use 3.14 for it.
The area of the walk is approximately

Answers

3d becauvshsbdbbdhdhdhdhd

Mark, Anthony, and Derek, are going on a road trip and will take turns driving the car. They need to decide who will drive first.
Which method assures that each of the three friends has a fair chance of being selected to drive first?
O A. "Using a random number generator, generate an integer. If the number is negative, Mark drives first. If the number is positive,
Anthony drives first. If the number is 0, Derek drives first.
OB.
Flip two fair coins. If both coins land on tails, Mark drives first. If both coins land on heads, Anthony drives first. If one coin
lands on tails and the other lands on heads, Derek drives first.
O C. Spin a spinner with four equal-sized sections labeled A, B, C, and D. If the spinner lands on A, Mark drives first. If the spinner
lands on B, Anthony drives first. If the spinner lands on C, Derek drives first. If the spinner lands on D, Mark drives first.
OD. Roll an ordinary die. If the die lands on 1 or 4, Mark drives first. If the die lands on 2 or 5, Anthony drives first. If the die lands
on 3 or 6, Derek drives first.

Answers

Answer: Option D

Step-by-step explanation:

I got it right on Edmentum/Plato

The radius of a cone is 4.9 cm and its height is 10 cm. Find the volume of the cone to the
nearest tenth. Use 3.14 for pie

Answers

Answer:

V = 251.3

Step-by-step explanation:

Volume of a Cone formula:

V = πr²(h/3)

Given:

r = 4.9

h = 10

Work:

V = πr²(h/3)

V = 3.14(4.9²)(10/3)

V = 3.14(24.01)(10/3)

V = 251.3

V = 251.432132 m3 is the answer to the equation

Hi there, hope everyone is well and staying cool :D
Pls can you answer this question!
Brainliest, brainliest, brainliest.................
Pls send me your name first, then i will call you brainliest
The quickest and right answer gets to be brainliest and the rest I will thank you
ENJOY!!!!!!!!

Answers

Answer:

A) By using the Pythagorean Theorem, we will see that [tex]8^2 + 15^2 = 17^2[/tex]. If we simplify it, we will find that the hypotenuse of Δ[tex]ABC = 17[/tex]

B) approximately [tex]18.79[/tex]

Step-by-step explanation:

A) In all honesty, you don't really need to look at ΔACD at all for this one. Just use the Pythagorean Theorem (like previously stated) and solve!

***Pythagorean Theorem is  [tex]leg^2 + leg^2 = hypotenuse^2[/tex]

B) Here, you can also use the Pythagorean Theorem! However this time, the equation will be, [tex]8^2 + 17^2 = AD[/tex].  

[tex]8^2 + 17^2 = 64 +289[/tex][tex]64 + 289 = 385[/tex][tex]\sqrt{385} \\[/tex] ≈ [tex]18.79[/tex]

Hope you do well on the rest of your math problems :D

PLEASE ANSWER ASAP DUE IN 2 MIN WILL GIVE BRAINLEST!!!!!!!!!!!!!!!!
PLEASE ONLY ANSWER PART B

Answers

Answer:

because cfd eaquls a+b lllllllllll

Answer:

Step-by-step explanation:

IT is either the same as 7x+4 because it is infront of each other or you add 8x+6 and 6x+2 then you substract that from 180 to find out the remaining angle. Of course you have to subtitute the amount of x first.

what is the x value such that y =15 -3x and y = 0?​

Answers

Answer:

Step-by-step explanation:

. -6x - 2(0) = - 18. -6x = -18. x = 3 Tht

Answer:

x=5

Step-by-step explanation:

0=15-3x, then -15=-3x, divide the -15 by-3 and the answer is x=5

Why is 10^5/10^4 equal to 10^11? Explain or show your thinking

Answers

Answer:

It does not because if you solve the first equation you get 10 so it will not equal to 10^11

Step-by-step explanation:

Convert 562 hectograms to pounds to the nearest hundredth

Answers

Answer:

Is that your answer

Answer:

123.90

Step-by-step explanation:

1 Hectogram = 0.22 lbs

[tex]562*0.22=123.90\\[/tex]

For which inequality is x = to 7


A. 12+ x <16

B 15+ x<24

C. 16+ x <23

D. 17+ x > 26

E. 24+x> 31



Answers

Answer:

C

Step-by-step explanation:

Answer:

B) 15 + x < 24

Step-by-step explanation:

Now assume a 95% confidence level. Without performing any calculations, complete the sentence below. The margin of error for a 95% confidence level will be

Answers

Answer: greater than 0.3

Step-by-step explanation:

On edge

The margin of error for a 95% confidence level will be greater than 0.3.

What is a confidence interval?

A random population parameter is likely to be included in a confidence interval, which is a range of values that is limited by the statistic's mean. The confidence level is the percentage of probability, or certainty, that, after repeated random sample draws, the confidence interval would include the true population parameter.

Given:

A confidence level is 95%.

The formula to calculate the margin of error:

The margin of error = Z x S/√n.

Where S is the standard deviation and n is the sample size.

The corresponding z-score of the confidence level is 95%.

So, the margin of error will be always greater than 0.3.

Therefore, the margin of error will be always greater than 0.3.

To learn more about the confidence interval;

https://brainly.com/question/24131141

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5, 11, 17,...
Find the 35th term.

Answers

Answer:

119 is the 35th term

1. Dylan invested $47,000 in an account paying an interest rate of 4% compounded annually. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach $79,200?

2. x^2 + y^2 = 153 and y = -4x. If (x, y) is a solution to the system of equations above, what is the value of y^3?

Answers

Answer:

(1) 13.0 years

(2) [tex]y^{3} =[/tex] {-1728, 1728}

Step-by-step explanation:

(1)

Compound annually:

[tex]Pe^{rt}[/tex] = A

(47000)[tex]e^{(0.04)(t)}[/tex] = 79200

[tex]e^{(0.04)(t)}[/tex] = [tex]\frac{79200}{47000}[/tex]

ln([tex]e^{(0.04)(t)}[/tex]) = ln([tex]\frac{79200}{47000}[/tex])

ln and e cancel out.

(0.04)(t) = ln([tex]\frac{79200}{47000}[/tex])

t = [tex]\frac{ln(\frac{79200}{47000})}{0.04}[/tex]

t = 13.0 years

(2)

[tex]x^{2} +y^{2} = 153\\y = -4x[/tex]

Substitute y with -4x.

[tex]x^{2} + (-4x)^{2} = 153[/tex]

Solve for x.

x = {-3, 3}

Plug in x values into any equation to find y.

y = -4(-3) and y = -4(3)

y = {-12, 12}

[tex]y^{3}[/tex] = [tex]-12^{3}[/tex] = -1728

[tex]y^{3}[/tex] = [tex]12^{3}[/tex] = 1728

Answer:

13.3    

Step-by-step explanation:

I got it right  

Cups are sold by 6 per package while plates are sold by 8 per package. If you want
to have the same number of each item for a party, what is the least number of
packages of cach item you need to buy?
A. 2 packages of cups and 3 packages of plates
3 packages of cups and 4 packages of plates
C. 4 packages of cups and 3 packages of plates
D. 5 packages of cups and 3 packages of plates

Answers

Answer:

C

Step-by-step explanation:

What is the lowest common multiple

6 = 2 * 3

8 = 2 * 2 * 2

LCM = 2 * 2 * 2 * 3

LCM = 24

So you just divide 6 and 8 into 24. The result will be the number of packages.

Cups: 24/6 = 4

Plates: 24/8 = 3

You need 4 packs of cups and 3 of plates

PLEASE ANSWER THE QUESTION IN THE PICTURE BELOW

sorry if the pic is blurry if u can't tell what it says in the middle (where the line is) it says 4in and all the other numbers say 6in (there is 3 of them)

Answers

9514 1404 393

Answer:

  12 square inches

Step-by-step explanation:

The area is given by the formula ...

  A = 1/2bh

Here, the base is 6 inches and the height is given as 4 inches. Then the area is ...

  A = (1/2)(6 in)(4 in) = 12 in²

The area of the triangle is 12 square inches.

_____

Comment on the problem

Since you are given the base and height, we presume you are intended to use the formula above. You are also given all three side lengths. If you use the appropriate formula with those, you find the area is about 15.6 square inches. (The height of this triangle is actually closer to 5.2 inches.)

The figure represents a geometry that cannot exist. With the given base and height, the side lengths should be 5, not 6.

Find the volume of the sphere below. Leave your answer in terms of pi.

Answers

Answer:

C) 972π

Step-by-step explanation:

Volume of a sphere formula:

V = 4/3πr³

Given:

r = 9

Work:

V = 4/3πr³

V = 4/3π9³

V = 4/3(729)π

V = 972π

for brainliest !!!! help

Answers

70 ft because 7 is bigger than 5 and 7x10=70

There are 45 students in a speech contest. Yesterday, 1/3 of them gave their speeches. Today, 2/5 of the remaining students gave their speeches. How many students still haven't given their speeches?​

Answers

1/3 of 45 is 15, meaning 15 students gave their speech on day 1

Today 2/5 of the remaining students gave their speech. That’s 12 more

So a total of 27 students gave their speeches. That means 18 students remain. The answer is 18

Solve for x.
109= -x + 267
X=
x 5
?

Answers

Answer:

x=158

Step-by-step explanation:

109=-x+267

-267     -267

-158=-x

x=158

(also i noticed part of your question says x=(?)*5 and 31.6*5 is 158 so that would be 31.6)

PLEASE HELP!!! ILL GIVE BRAINLIEST !! Which is the correct answer ?

Answers

Answer:

B. Straight angles

Step-by-step explanation:

When combined, they form a straight line. They are also supplementary angles. When added together, they = 180 degrees.

Answer:

C. Alternate interior angles

Step-by-step explanation:

a survey of students at a university shows that 3 out of 5 drink coffee. of the students who drink coffee, 1 out of 8 adds cream to it. if the university has 12,000 students, find the number of students who drink coffee with cream

Answers

Answer:

900 students

Step-by-step explanation:

3/5 of 12,000 = 7,200 who drink coffee

1/8 x 7,200 = 900 who drink coffee with cream

Solve the equation. 4 2/5 + k = -3 2/11​

Answers

Step-by-step explanation:

[tex]\tt{}4 \frac{2}{5} + k = - 3 \frac{2}{11} [/tex]

[tex]\tt{} \frac{22}{5} + k = - \frac{35}{11} [/tex]

[tex]\tt{}k = \frac{35}{11} - \frac{22}{5} [/tex]

[tex]\tt{}k = - \frac{417}{55} [/tex]

[tex]\tt{}k = - 7 \frac{32}{55} [/tex]

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