Armando and Mikayla have a new grandson. How much money should they invest now so that he
will have $80,000 for his college education in 18 years? The money is invested at 8% compounded
annually

Answers

Answer 1

9514 1404 393

Answer:

  $20,020

Step-by-step explanation:

The future value formula is helpful.

  FV = P(1 +r)^t

  $80,000 = P(1.08^18) = 3.9960195P

  P = $80,000/3.9960195 = $20,019.92

They should invest about $20,020 now.


Related Questions

You are given $893 in one, five, and ten dollar bills. There are 165 bills. There are twice as many five dollar bills as there are ones and tens combined. How many bills of each type are there?

Answers

Given:

You are given $893 in one, five, and ten dollar bills.

There are 165 bills.

There are twice as many five dollar bills as there are ones and tens combined.

To find:

How many bills of each type are there?

Solution:

Consider the number of bills of one dollars, five dollars and ten dollars are x, y and z respectively.

According to the question,

Number of bills : [tex]x+y+z=165[/tex]         ...(1)

Total amount : [tex]1x+5y+10z=893[/tex]         ...(2)

Condition : [tex]y=2(x+z)[/tex]     ...(3)

Equation (3) can be written as

[tex]\dfrac{y}{2}=x+z[/tex]       ...(4)

Substituting [tex]x+z=\dfrac{y}{2}[/tex] in (1), we get

[tex]\dfrac{y}{2}+y=165[/tex]

[tex]\dfrac{3y}{2}=165[/tex]

[tex]3y=330[/tex]

[tex]y=110[/tex]

Substituting y=110 in (4), we get

[tex]x+z=\dfrac{165}{2}[/tex]

[tex]x+z=55[/tex]

[tex]x=55-z[/tex]       ...(5)

Substituting y=110 and x=55-z in (2), we get

[tex](55-z)+5(110)+10z=893[/tex]

[tex]55-z+550+10z=893[/tex]

[tex]9z+605=893[/tex]

[tex]9z=893-605[/tex]

[tex]9z=288[/tex]

Dividing both sides by 9, we get

[tex]z=32[/tex]

Substituting z=32 in (5), we get

[tex]x=55-32[/tex]

[tex]x=23[/tex]

Therefore,

One dollar bills = 23

Five dollars bills= 110

Ten dollars bills = 32

Simplify (-4/5)divided by (3/-2). -8/15 -6/5 6/5 8/15

Answers

Answer:

8/15

Step-by-step explanation:

-4/5 ÷ -3/2

Copy dot flip

-4/5 * -2/3

Multiply the numerators

8

Multiply the denominators

15

Put the numerator over the denominator

8/15

Answer: 8/15

Step-by-step explanation: (-4/5)divided by (3/-2) is 8/15.

w(t) = 3t – 1; t = 5

Answers

I’m not sure if your asking for the solution, but Hope this helps!

I need help nowwwwww !!!!!????

Answers

you should just have to times the yards by three like the second one is 12

Perform the indicated operation

3/4 divided by 1/3

Answers

Answer:

2 1/4

Step-by-step explanation:

3/4 ÷ 1/3 = ?

(to divide fractions faster you flip the second fraction so:)

3/4 x 3/1 = 2 1/4

The living room of Ann's house is a square with an area of 121 square feet. What is the length of each side of the foyer

Answers

Answer:

30.25

Step-by-step explanation:

121 divided by 4 is 30.25

Blood pressure: High blood pressure has been identified as a risk factor for heart attacks and strokes. The proportion of U.S. adults with high blood pressure is 0.4. A sample of 39 U.S. adults is chosen. Use the TI-84 Plus Calculator as needed. Round the answer to at least four decimal places. Part: 0 / 60 of 6 Parts Complete Part 1 of 6 Is it appropriate to use the normal approximation to find the probability that more than 43% of the people in the sample have high blood pressure? It ▼(Choose one) appropriate to use the normal curve, since =np ▼(Choose one)10 and =n−1p ▼(Choose one) 10.

Answers

Answer:

Yes it appropriate to use the normal approximation to find the probability that more than 43% of the people in the sample have high blood pressure

Step-by-step explanation:

From the question we are told that

The population proportion is  p=0.4

  The sample size is  n =  39

  The sample proportion is  [tex]\^ p = 0.43[/tex]

Generally for normal approximation to be used

       [tex]np > 10[/tex]

so np  =  39 * 0.4 =  15.6 > 10

   and [tex]n(1- p) > 10[/tex]

so   n(1-p ) = 39(1-0.4) = 23.4 >10

Given that the both condition is meet it mean that  it appropriate to use the normal approximation to find the probability that more than 43% of the people in the sample have high blood pressure

Help ill give brainliest
Lily begins solving the equation 4(x – 1) – x = 3(x + 5) – 11. Her work is shown below.

4(x – 1) – x = 3(x + 5) – 11
4x – 4 – x = 3x + 15 – 11
3x – 4 = 3x + 4
How can her partial solution be interpreted?

A. The equation has one solution: x = 0.
B. The equation has one solution: x = 8.
C. The equation has no solution.
D. The equation has infinite solutions.

Answers

The equation has B. no solution

Answer:

C. no solution

Step-by-step explanation:

3x – 4 = 3x + 4

3x-3x=4+4

0=8

which is not possible.

So, it has no solutions.

Whats 27.16 - 3.1 x 1.4 evaluated?
PLEASE HELP

Answers

Answer:

22.82

Step-by-step explanation:

can u plz mark me as brainliest??

Answer:

22.82

Step-by-step explanation:

3.1*1.4 = 4.34

27.16-4.34 = 22.82

[edited, I messed up the order of operations before, sorry]

the half life of c14 is 5730 years. Suppose that wood found at an archeological excavation site contains about 35% as much C14 as does living plant material. Determine when the wood was cut

Answers

Answer:

The wood was cut approximately 8679 years ago.

Step-by-step explanation:

At first we assume that examination occured in 2020. The decay of radioactive isotopes are represented by the following ordinary differential equation:

[tex]\frac{dm}{dt} = -\frac{m}{\tau}[/tex] (Eq. 1)

Where:

[tex]\frac{dm}{dt}[/tex] - First derivative of mass in time, measured in miligrams per year.

[tex]\tau[/tex] - Time constant, measured in years.

[tex]m[/tex] - Mass of the radioactive isotope, measured in miligrams.

Now we obtain the solution of this differential equation:

[tex]\int {\frac{dm}{m} } = -\frac{1}{\tau}\int dt[/tex]

[tex]\ln m = -\frac{1}{\tau} + C[/tex]

[tex]m(t) = m_{o}\cdot e^{-\frac{t}{\tau} }[/tex] (Eq. 2)

Where:

[tex]m_{o}[/tex] - Initial mass of isotope, measured in miligrams.

[tex]t[/tex] - Time, measured in years.

And time is cleared within the equation:

[tex]t = -\tau \cdot \ln \left[\frac{m(t)}{m_{o}} \right][/tex]

Then, time constant can be found as a function of half-life:

[tex]\tau = \frac{t_{1/2}}{\ln 2}[/tex] (Eq. 3)

If we know that [tex]t_{1/2} = 5730\,yr[/tex] and [tex]\frac{m(t)}{m_{o}} = 0.35[/tex], then:

[tex]\tau = \frac{5730\,yr}{\ln 2}[/tex]

[tex]\tau \approx 8266.643\,yr[/tex]

[tex]t = -(8266.643\,yr)\cdot \ln 0.35[/tex]

[tex]t \approx 8678.505\,yr[/tex]

The wood was cut approximately 8679 years ago.

what is 8 times 0.9 equal

Answers

Answer:

7.2

Step-by-step explanation:

Number 10 plzz???????

Answers

%error=(6.5g/mol - 7g/mol)/(7g/mol) * 100= 7.14% error

What is |-24| + |13| =?

Answers

Answer:

37

Step-by-step explanation:

just add the two numbers like they are not negative.

Sharon went bowling with her friends. She paid $3 to rent
her shoes and then $3.75 for each game (x) of bowling. She
spent a total of $18. How many games did she bowl?
WRITE YOUR EQUATION:
SOLVE:
SOLUTION:

Answers

Answer:

3 + 3.75x=18

subtract 3 from both sides

3.75x=15

divide by 3.75 on both sides

x=4

Step-by-step explanation:

QUICK
solve this equation
a^n+b^n=

Answers

Hey can someone help me with my latest question no one‘s helping me and I really need it

Calculate.
(2x105)(4.3x109)
Write your answer in scientific notation.

Answers

Answer:

9.8427x10⁴

Step-by-step explanation:

Answer:

98427x^2

9.8427x10^4

Step-by-step explanation:

rewrite the equation 10=1,000 with an exponet that makes it true .​

Answers

10^3= 1,000
hope this helps :)

Answer:

[tex]10^3=1,000[/tex]

Step-by-step explanation:

The expression 10=1,000 is obviously false, but we can make it true by rewriting it with an exponent.

Note that 1,000=10*10*10

Or, equivalently:

[tex]1,000=10^3[/tex]

Thus, if we modify the original false expression and add an exponent 3 to the base 10, then it would be true:

Original:

10=1,000 => false

Rewritten true:

[tex]\boxed{10^3=1,000}[/tex]

When five times a number is decreased by 9​, the result is 11. What is the​ number?

Answers

Answer

4

Step-by-step explanation:

Add 9 to 11, then divide that by 5.

Answer:

4

Step-by-step explanation:

work backwards 11+9 is 20. Divide 20 by 5 = 4

PLEASE HELP!!! Chloe is working two summer jobs, landscaping and clearing tables. She must work no less than 12 hours altogether between both jobs in a given week. Write an inequality that would represent the possible values for the number of hours landscaping, l and the number of hours clearing tables, c, that Chloe can work in a given week.

Answers

Answer:

got u homie

Step-by-step explanation:

Answer:

l +c _> 12

Step-by-step explanation:

In a certain state's lottery, 45 balls numbered 1 through 45 are placed in a machine and eight of them are drawn at random. If the eight numbers drawn match the numbers that a player had chosen, the player wins $1,000,000. In this lottery, the order in which the numbers are drawn does not matter.

Compute the probability that you win the million-dollar prize if you purchase a single lottery ticket. Write your answer as a reduced fraction.
P
(win) =

A single lottery ticket costs $2. Compute the Expected Value, to the state, if 10,000 lottery tickets are sold. Round your answer to the nearest dollar.
Answer: $
A single lottery ticket costs $2. Compute the Expected Value, to you, if you purchase 10,000 lottery tickets. Round your answer to the nearest dollar.
Answer: $

Answers

Step-by-step explanation:

The order of the numbers doesn't matter, so we'll use combinations instead of permutations.  The number of combinations is:

₄₅C₈ = 215,553,195

So the probability of a ticket having the winning combination is 1 / 215,553,195.

The expected value to the state is:

E(X) = 10,000 (1) ($2) + 10,000 (1 / 215,553,195) (-$1,000,000)

E(X) = $19954

The expected value to you is:

E(X) = 10,000 (1) (-$2) + 10,000 (1 / 215,553,195) ($1,000,000)

E(X) = -$19954

7th grade math help me plzzzz

Answers

Answer:

a. -14

b. -13

c. -5

d. -3

e. -12

f. 0

Step-by-step explanation:

hope it helps

Answer:

A is -14.

B is -13

C is -5

D is -3

E is -12

F is 0

Step-by-step explanation:

A, B, E both numbers are negative so you just add them together and add a negative sign.

C would read 4-9

D 10-7 and add a - to the answer

F is 6-6

Which statement describes how to geometrically divide a complex number, z, by a second complex number, w?
O Scale z by the modulus of w, then rotate clockwise by the argument of w.
O Scale z by the modulus of w, then rotate counterclockwise by the argument of w.
O Scale z by the reciprocal of the modulus of w, then rotate clockwise by the argument of w.
O Scale z by the reciprocal of the modulus of w, then rotate counterclockwise by the argument of w.

Answers

Answer: C

Step-by-step explanation:

I just took the quiz and I got it right

Statement describes how to geometrically divide a complex number z by a second complex number w is Option (C) Scale z by the reciprocal of the modulus of w, then rotate clockwise by the argument of w.

What is Complex number?

In mathematics, a complex number is an element of a number system that contains the real numbers and a specific element denoted i, called the imaginary unit

What is Modulus of a complex number?

Modulus of the complex number is the distance of the point on the argand plane representing the complex number z from the origin

Given,

Complex number z divides by a second complex number w

To divide a complex number a complex number then multiply the conjugate with the numerator and the denominator of the complex fraction

From the given statements Scale of z by the reciprocal of the modulus of w, then rotate clockwise by the argument of w

Hence, Statement describes how to geometrically divide a complex number z by a second complex number w is Option (C) Scale z by the reciprocal of the modulus of w, then rotate clockwise by the argument of w.

Learn more about Complex number and Modulus of a complex number here

https://brainly.com/question/19554199

#SPJ2

Two people start walking at the same time in the same direction. One person walks at 8 mph and the other

person walks at 3 mph. In how many hours will they be 1.25 miles apart?

Answers

Answer:

0.25hours  

Step-by-step explanation:

Data

speed v1=8mph

speed v2=3mph

distance= 1.25

time t=?

speed= distance/time

distance=speed*time

1.25=8*t-3*t

1.25=8t-3t

1.25=5t

t=1.25/5

t=0.25hours

In minutes it is 15min

What number must be added to 101 to produce a number equal to the product of 101 x 21

Answers

Answer:

2020

Step-by-step explanation:

101 • 21 = 2121

2121 - 101 = 2020

Write an equation in the line in slope intercept form

Answers

Answer:

Y=2x-1

Step-by-step explanation:

In order to find the slope, its rise over run. So you would move from (0,-1) to the next point it intercepts, (1,1) and find it from there

As for the Y-Intercept, it would just be wherever the line connects with the Y axis, which happens to be (0,-1) or Negative 1.

X+ 2 = 5 and y-3 = 2

Answers

Answer:

x=3

y=5

because 5-2=3 so 3 is x

and 2+3 is 5 so y is 5

Answer:

X = 3, Y =

Step-by-step explanation:

This is because 2+3=5,

and5-3=2

Help me with this question pleasee

Answers

Answer:

√23 = a

Step-by-step explanation:

/ab/²= /ac/²+/bc/² (Pythagoras theorem)

12² = a² +11²

144 = a² + 121

144 - 121 = a²

23 = a²

√23 = a

Need help i will mark you brainliest

Answers

They are congruent b/c they the sides of the two shapes are equal as well as the angles. Hope that helps !

A square is removed from the right hand corner

Answers

Answer:

C im pretty sure

Step-by-step explanation:

Because the square taken out has a 4x4 area which is 16 and the area of the whole square used to be 14x14 which is 196 and if u subtract 16 from that you get 180

anyone in flvs? we should find each other in live lessons lol

Answers

Answer:

nope

Step-by-step explanation:

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