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Use the formula A = P( 1 + r/n)^(nt) to calculate the balance A of an investment (in dollars) when P = $4000, r = 4%, and t= 10years, and compunding is done by the day, by the hour, by the minute, and by the second. (Round your answers to the nearest cent).

a. compounding by the day: A= $

b. compounding by the hour: A= $

c. compounding by the minute: A= $

d. compounding by the second: A= $


Does increasing the number of compoundings per year result in unlimited growth of the balance? yes or no (choose one)

Answers

Answer 1

Answer:

a. compounding by the day: A = $5967.17

b. compounding by the hour: A = $5967.29

c. compounding by the minute: A = $5967.30

d. compounding by the second: A = $5967.30

Step-by-step explanation:

     

[tex]\boxed{\begin{minipage}{8.5 cm}\underline{Compound Interest Formula}\\\\$ A=P\left(1+\frac{r}{n}\right)^{nt}$\\\\where:\\\\ \phantom{ww}$\bullet$ $A =$ final amount \\ \phantom{ww}$\bullet$ $P =$ principal amount \\ \phantom{ww}$\bullet$ $r =$ interest rate (in decimal form) \\ \phantom{ww}$\bullet$ $n =$ number of times interest is applied per year \\ \phantom{ww}$\bullet$ $t =$ time (in years) \\ \end{minipage}}[/tex]

Part (a)

If the interest is compounding by the day then n = 365.

Given:

P = $4000r = 4% = 0.04n = 365t = 10 years                  

Substitute the values into the compound interest formula and solve for A:

[tex]\implies A=4000\left(1+\dfrac{0.04}{365}\right)^{365 \times 10}[/tex]

[tex]\implies A=4000\left(1.00010958...\right)^{3650}[/tex]

[tex]\implies A=4000(1.49179200...)[/tex]

[tex]\implies A=5967.16801...[/tex]

[tex]\implies A=\$5967.17[/tex]

Part (b)

If the interest is compounding by the hour then:

n = 365 × 24 = 8760

Given:

P = $4000r = 4% = 0.04n = 8760t = 10 years                  

Substitute the values into the compound interest formula and solve for A:

[tex]\implies A=4000\left(1+\dfrac{0.04}{8760}\right)^{8760 \times 10}[/tex]

[tex]\implies A=4000\left(1.00000456...\right)^{87600}[/tex]

[tex]\implies A=4000\left(1.49182333...\right)[/tex]

[tex]\implies A=5967.29333...[/tex]

[tex]\implies A=\$5967.29[/tex]

Part (c)

If the interest is compounding by the minute then:

n = 365 × 24 × 60 = 525600

Given:

P = $4000r = 4% = 0.04n = 525600t = 10 years          

Substitute the values into the compound interest formula and solve for A:

[tex]\implies A=4000\left(1+\dfrac{0.04}{525600}\right)^{525600 \times 10}[/tex]

[tex]\implies A=4000\left(1.00000007...\right)^{5256000}[/tex]

[tex]\implies A=4000(1.49182466...)[/tex]

[tex]\implies A=5967.29867...[/tex]

[tex]\implies A=\$5967.30[/tex]

Part (d)

If the interest is compounding by the second then:

n = 365 × 24 × 60 × 60 = 31536000

Given:

P = $4000r = 4% = 0.04n = 31536000t = 10 years                  

Substitute the values into the compound interest formula and solve for A:

[tex]\implies A=4000\left(1+\dfrac{0.04}{31536000}\right)^{31536000 \times 10}[/tex]

[tex]\implies A=4000\left(1.00000000...\right)^{315360000}[/tex]

[tex]\implies A=4000\left(1.49182390...\right)[/tex]

[tex]\implies A=5967.29562...[/tex]

[tex]\implies A=\$5967.30[/tex]

The more compounding periods throughout the year, the higher the future value of the investment.  However, the difference between compounding by the day and compounding by the second results in a difference of 13 cents over the year, which is negligible comparatively.


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Step-by-step explanation:

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Answers

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Answers

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Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

Suppose that a random sample of ​twenty-year-old men is selected from a population and that these​ men's height and weight are recorded. A regression of weight on height yields ​, where Weight is measured in pounds and Height is measured in inches. What is the​ regressions weight prediction for someone who is inches​ tall

Answers

Answer:

Hello your question is incomplete attached below is the complete question

answer : 192.15 pounds

Step-by-step explanation:

Given :

weight =  - 99.41 + 3.94*Height

R^2 = 0.81

SER = 10.2

Determine the regression weight prediction

Height of man = 74 inches

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therefore the regression weight prediction = 192.15 pounds

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a.
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b. 7512
C.
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d. 978

Answers

Answer:

a. N=11

D=12

b. N=1

D=7512

c. N=12

D=0

d. N= 1

D=978

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Answer:

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Step-by-step explanation:

Answer:

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Step-by-step explanation:

Imagine you wish to determine whether the mean number of hours worked per week by men in a sample differs from the national 40-hour average. Use the information below to calculate the t-statisic. Be sure to also specify the degrees of freedom. Weekly Hours Worked by Men Range 60 Minimum value 5 Maximum value 65 Mean 42.31 Standard deviation 10.00 Number of observations 29

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Step-by-step explanation:

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Answer:

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The U.S. Energy Information Administration claimed that U.S. residential customers used an average of 10,941 kilowatt hours (kWh) of electricity this year. A local power company believes that residents in their area use more electricity on average than EIA's reported average. To test their claim, the company chooses a random sample of 115 of their customers and calculates that these customers used an average of 11,425kWh of electricity last year. Assuming that the population standard deviation is 3217kWh, is there sufficient evidence to support the power company's claim at the 0.02 level of significance

Answers

Answer:

The pvalue of the test is 0.0537 > 0.02, which means that there is not sufficient evidence to support the power company's claim at the 0.02 level of significance.

Step-by-step explanation:

The U.S. Energy Information Administration claimed that U.S. residential customers used an average of 10,941 kilowatt hours (kWh) of electricity this year.

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[tex]H_0: \mu = 10941[/tex]

A local power company believes that residents in their area use more electricity on average than EIA's reported average.

This means that the alternate hypothesis is:

[tex]H_a: \mu > 10941[/tex]

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This means that [tex]\mu = 10941[/tex]

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Answers

Answer:

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Answers

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Answers

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Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answers

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Answers

Answer:

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Step-by-step explanation:

hope it helps you po!

Pls Help will give brainliest

2) The angle measures and/or side lengths of a triangle are described. Determine whether the conditions given determine a unique triangle (one triangle), determine more than one triangle, or cannot make a triangle. Explain how you know this.

a) 3 in., 6 in., 10 in.





b) 40°, 65°, 75

Answers

The answer is a hope this helps :) :)

a triathlon event in which participants run,bike, and swim certain distances is mapped out in a triangle as shown below.

Answers

Answer:

A

Step-by-step explanation:

The statement 'the bike distance is greater than the run distance.' must be true.

The correct answer is option D.

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"It is the length of the line joining the two points."

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In any triangle,

the smallest side and smallest angle are opposite one another. the mid-sized side and mid-sized angle are opposite one another.the largest side and largest angle are opposite one another.

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We have given two angles of triangle.

65° and 57°

We know, the sum of all angles of triangle is 180°.

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⇒ x + 65° + 57 = 180°

⇒ x +122° = 180°

⇒ x = 58°

We know,

In any triangle,

- the smallest side and smallest angle are opposite one another.

- the mid-sized side and mid-sized angle are opposite one another.

- the largest side and largest angle are opposite one another.

Here,

57° < 58° < 65°

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The correct answer is option D.

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Answers

Answer:

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Step-by-step explanation:

A bottle contains 750mL of fruit punch with a concentration of 50% pure fruit juice. Johan
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Answers

Answer:

The juice concentration in the punch that Johan added was 35%.

Step-by-step explanation:

Since a bottle contains 750mL of fruit punch with a concentration of 50% pure fruit juice, and Johan drinks 100mL of the punch and then refills the bottle with an equal amount of a cheaper brand of punch, if the concentration of juice in the bottle is now reduced to 48%, to determine what was the concentration in the punch that Johan added, the following calculation must be performed:

750 = 100

650 = X

650 x 100/750 = X

65000/750 = X

86,666 = X

86.666 x 0.5 + 13.333 x 0.4 = 0.486662

86.666 x 0.5 + 13.333 x 0.39 = 0.4853287

86.666 x 0.5 + 13.333 x 0.35 = 0.4799955

Thus, the juice concentration in the punch that Johan added was 35%.

ALGEBRA

tell whether the given value is a solution of the equation. (yes or no)

1. x+16=20;x+4

2. p-4+28;p+32

3. 4w+44;w=10

4. y/6= 6;y=24

Answers

Step-by-step explanation:

1. yes 4+16 = 20

2. yes 32 - 4 = 28

3. yes 4(10) = 40

4. no 24/6 = 4

Answer:

I love algebra anyways  

the ans is in the picture with the steps  

(hope it helps can i plz have brainlist :D hehe)

Step-by-step explanation:

1.yes

2.yes

3.yes

4.no

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Answers

Answer:

8.75$

Step-by-step explanation:

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1 can cost $21÷12=1.75$

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