you find a mutual fund that offers approximately 4 % APR compounded monthly. How much will you need to invest each month for the next 6 months in order to have $500?

Answers

Answer 1

Final answer:

To reach $500 with a 4% APR compounded monthly, you would need to invest $1.67 each month for the next 6 months.

Explanation:

To calculate how much needs to be invested each month for the next 6 months to have $500 with a 4% APR compounded monthly:

Calculate the monthly interest rate using APR: 4% APR = 4%/12 = 0.3333% monthly rate.Use the present value formula: $500/(1 + 0.3333%) = $500/1.0033333 = $498.33.Subtract the present value from the future value to find the monthly investment required: $500 - $498.33 = $1.67.

This calculation ensures the necessary monthly investment to reach the desired future value, facilitating financial planning and goal setting.


Related Questions

Here are six number cards.
-7 -5 -3 3 1 -1
Arrange the cards into three pairs with the same total.

Answers

Answer:

-7 3=-4

-5 1=-4

-3 -1=-4

-7 and 3 make -4. -5 and 1 make -4. -3 and -1 make -4.

The three pairs with the same total are as follow:

-7 + (3) = -4-5 + 1 = -4-3 -1 = -4What are integers?

An integer is the number zero, a positive natural number or a negative integer with a minus sign. The negative numbers are the additive inverses of the corresponding positive numbers.

An integer is a number with no decimal or fractional part and it includes negative and positive numbers, including zero. A few examples of integers are: -5, 0, 1, 5, 8, 97, and 3,043. A set of integers, which is represented as Z, includes:

Positive Numbers: A number is positive if it is greater than zero. Example: 1, 2, 3 . . .Negative Numbers: A number is negative if it is less than zero. Example: -1, -2, -3 . . .Zero is defined as neither a negative number nor a positive number. It is a whole number.

Given:

Number on cards -7 -5 -3 3 1 -1

Now, we have to make the pair according it gives the same total

-7 + (3) = -4

-5 + 1 = -4

-3 -1 = -4

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If the measure of Angle C A E is 95°, what is the measure of Arc C B A?

90°
95°
190°
195°

Answers

Answer: the answer is 190

Step-by-step explanation: I multiplied 95 by two

Answer:

C) 190

Step-by-step explanation:

Solve for a side in right triangles help

Answers

Answer:

The length of AB is 7.45 units.

Step-by-step explanation:

You can find the length of AB using Cosine Rule, cosθ = adj./hypo. :

θ = 20°

adj. = 7 units

hypo. = AB

cos 20° = 7/AB

AB = 7/cos 20°

= 7.45 units (3s.f)

Answer:

7.45

Step-by-step explanation:

Explain how to write an equation when given a
description of a mathematical problem or real-world scenario
PLEASE HELP!!!!​

Answers

Answer:

Find key words

Step-by-step explanation:

The first part is to find your key words like each or more than one of that will normally be you variable. Then your numbers follow the variable. If its comparing 2 things more than likely you will need and equal sign.

Hope this helped!

Answer:

Say you are wanting to build a patio in your back yard but you want to know how much space you'll have let over. You need to find the area of your back yard and then see how big your patio is going to be. So you find the area of you patio and substrate it from the area of the back yard.

Step-by-step explanation:

Lemme know if you need more details

a spere has a diameter of 24 units what is the volume in cubic units

Answers

Answer: 7238.23

Step-by-step explanation:

volume of a sphere is (4/3)(pie)(r^3)

so if the diameter is 24 than the radius is 12 so u would substitute that into the formula and you should get 7238.23

The correct answer is option D: 6,912π cubic units.

To find the volume (V) of a sphere, you use the formula:

[tex]\[ V = \frac{4}{3} \pi r^3 \][/tex]

where (r) is the radius of the sphere.

Given that the sphere has a diameter of 24 units, the radius (r) is half of the diameter, which is 24/2 = 12 units.

Now, substitute the value of the radius into the formula:

[tex]\begin{aligned}V & =\frac{4}{3} \pi(12)^3 \\V & =\frac{4}{3} \pi 1728 \\V & =\frac{6912}{3} \pi\end{aligned}[/tex]

Complete Question:

A sphere has a diameter of 24 units. What is its volume in cubic units?

A. 576π cubic units

B. 1,728π cubic units

C. 2,304π cubic units

D. 6,912π cubic units

The human population of Earth was approximately 6 billion in 1998. If the rate of
population growth from then on was 2.3% per year, what would be the best
approximation for the human population (in billions) of Earth in 2020?

Answers

Answer:

  9.89 billion

Step-by-step explanation:

At that rate of growth, the population is multiplied by 1.023 each year. After 22 years, the population would be ...

  6·1.023^22 ≈ 9.89 . . . billion

Answer:

Let the equation for the population (P) growth be given by

P = P0ert, where P0 is the initial population in billioins at time t,

                           t is the number of years since 1987,

                           r is the rate of growth of population/year

In this case P0 = 5 billion and r = 0.02.  Putting these values into the equaation:

P = 5e0.02t

Year 1995 is 8 years after 1987, then the population would be

P = 5e0.02*8 = 5e0.16 ≈ 5.87 billion people

Step-by-step explanation:

John drove from station A to station B a distance of 224 miles. On his way back, he increased his speed by 10 mph. If the journey back took him 24 minutes less, what was his original speed?

Answers

Answer: 70 mph

Step-by-step explanation:

224/x =224/x+10 +24/60

Solve equation

John's original speed was 70 mph.

Let's denote John's original speed as v (in mph).

The time taken for the first journey is 224 / v (hours).

His speed on the return trip is v + 10 mph.

The time taken for the return journey is 224 / (v + 10) (hours).

The time difference between the two journeys is 24 minutes, which is 24/60 = 0.4 hours.

Therefore, we set up the following equation:

224 / v - 224 / (v + 10) = 0.4

To solve this, we find a common denominator and solve for v:

224(v + 10) - 224v = 0.4v(v + 10)

2240 = 0.4[tex]v^2[/tex] + 4v

0.4[tex]v^2[/tex]+ 4v - 2240 = 0

Multiply by 10:

4[tex]v^2[/tex]+ 40v - 22400 = 0

Divide by 4:

[tex]v^2[/tex] + 10v - 5600 = 0

We solve this quadratic equation using the quadratic formula v = [-b ± √(b² - 4ac)] / 2a where a = 1, b = 10, and c = -5600:

v = [-10 ± √(10² - 4*1*(-5600))] / 2

v = [-10 ± √(100 + 22400)] / 2

v = [-10 ± √(22500)] / 2

v = [-10 ± 150] / 2

The possible solutions are:

v = (140 / 2) = 70 mph

v = (-160 / 2) = -80 mph (not feasible)

Thus, John's original speed was 70 mph.

This so for number 5

Answers

Answer:

219.8

Step-by-step explanation:

just multiply 157 times 1.4 and there you go!!

Since Sammy's stride is 1.4 meters, we simplify this to 1 meter for Estimation purposes. The field is 157 strides long, hence the estimated length of the field using compatible numbers is 157 meters.

To estimate the length of the field using compatible numbers, you first need to understand what each stride of Sammy's represents in standard units of length.

Sammy's stride is 1.4 meters.

We can simplify this to 1 meter for the sake of estimation.

Therefore, each stride Sammy takes is estimated to be roughly 1 meter.

Sammy finds that the field is 157 strides long.

To estimate the field's length in meters using compatible numbers, we simply take the number of strides Sammy counted (157) and replace his stride length with our simplified stride length (1 meter).

So, the estimated length of the field is 157 meters.

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The probable question may be:

5. For science class, Sammy is using the length of his stride to measure the length of a field. He finds that the field is 157 strides long. His stride measures 1.4 meters long. Use compatible numbers to estimate the length of the field.

d(1)=13 d(n)=d(n−1)+17 ​ Find the 4 th term in the sequence.

Answers

Answer:

the 4th term is 64

Step-by-step explanation:

Given

d(1) = 13

d(n) = d( n -1) +17

First

d(2) = d(2-1) + 17

= d(1) + 17

= 13 + 17

= 30

d(3) = d(3-1) +17

= d(2) + 17

= 30 +17

= 47

d(4) = d(4-1) + 17

= d(3) + 17

= 47 +17

=64

Final answer:

To find the 4th term in the sequence defined by d(n)=d(n-1)+17, we can use the formula recursively to compute the subsequent terms. Starting with d(1)=13, we can find d(4) by adding 17 repeatedly.

Explanation:

The sequence is defined by the formula d(n)=d(n-1)+17, with d(1)=13. To find the 4th term in the sequence, we can use the formula recursively. Starting with d(1)=13, we can find d(2) by adding 17 to d(1): d(2)= d(1) + 17 = 13 + 17 = 30. Continuing this pattern, we find d(3) = d(2) + 17 = 30 + 17 = 47. Finally, we find d(4) = d(3) + 17 = 47 + 17 = 64.

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Coleman graphed the relationship between the number of rotations of his front bike tire and the distance
he traveled past a tree. Negative distance means the tree is in front of Coleman and positive distance
means the tree is behind Coleman

Answers

Answer:

I feel like its either c or d but i'm not sure? I'm sorry for the inconvenience. I really did try.

Step-by-step explanation:

Answer:

the anwser is d none of the above

Step-by-step explanation:

What does the yyy-intercept represent?The yyy-intercept tells us the value of the yyy-variable when the xxx-variable equals 000.Hint #22 / 3In this context, xxx represents the number of tire rotations, and yyy represents the distance past the tree. So the y-intercepty-interceptstart color #ca337c, y, start text, negative, i, n, t, e, r, c, e, p, t, end text, end color #ca337c at (0,−15)(0,−15)left parenthesis, 0, comma, minus, 15, right parenthesis says after 000 tire rotations, Coleman was 151515 meters away from the tree and the tree was in front of him.55101015152020252510102020303040405050-10-10Tire rotationsDistance past the tree (m)(0,−15)(0,−15)The first and fourth quadrants of a coordinate plane. The horizontal axis is from zero to thirty with a scale of five and is titled Tire rotations. The vertical axis is from negative twenty to sixty with a scale of five and is titled Distance past the tree in meters. The graph of the line is y equals two point two five x minus fifteen. The point zero, negative fifteen is plotted and labeled.Hint #33 / 3The answerThe yyy-intercept represents the distance Coleman was away the tree when he started traveling.Since that was not an option, the answer is none of the above.

Which statement could be used to describe the functions?
O Both original functions have a domain of (-0,-).
O Both original functions have a domain of [-0, 2).
The domain of f(x) is [2, o), while the domain of g(x) is
(-0, 2]
O The domain of f(x) is (-00, 2], while the domain of g(x)
is [2, 0).

Answers

Answer:

number d im (pretty sure)

Step-by-step explanation:

which answer choice shows the number four hundred sixty -five ten - thousandths in standard from

Answers

Answer:

4.65 x 10^-5

Step-by-step explanation:

.00465

[tex]4.65 x 10^{-5}[/tex]

Three students were asked to find the cube root of 216. Each student’s method is shown below.

Hadley: RootIndex 3 StartRoot 216 EndRoot = 72 because 216 divided by 3 = 72. Florence: RootIndex 3 StartRoot 216 EndRoot = 648 because 216 times 3 = 648. Robi: RootIndex 3 StartRoot 216 EndRoot = 6 because 6 cubed = 6 times 6 times 6 = 216

Which student found the correct cube root of 216?

Answers

Answer:

The awnser is Robi

Step-by-step explanation:

I just took this lesson

Answer: Robi

Step-by-step explanation:

What is the expression in scientific notation? (7 x 10^−12)(4 x 10^5)?

Answers

Answer:2.8 x 10^-6. hope this helps :)

Final answer:

The expression (7 x 10⁻¹²)(4 x 10⁵) in scientific notation is 2.8 x 10⁻⁷.

Explanation:

The expression in scientific notation for the product (7 x 10⁻¹²)(4 x 10⁵) is found by multiplying the coefficients (7 and 4) and then adding the exponents of 10 (as they have the same base). Multiplying the coefficients gives us 28, and adding the exponents of 10 (-12 + 5) gives us -7 as the new exponent.

The final result in scientific notation is 2.8 x 10⁻⁷. Note that 28 is adjusted to 2.8 to maintain the correct form for scientific notation, which is one non-zero digit to the left of the decimal point.

What is the answer to this?

Answers

Answer:

9 meters

Step-by-step explanation:

Mr. Stoebner has decided to buy MORE halloween costumes. MORE COSTUMES!!! If Mr. Stoebner has 10 costumes already, and his costume collection grows exponentially by 40% each year, what exponential equation would model this scenario.

y=40(10)x

y=10(40x)

y=10(1.4)x

y=10(0.4)x

Answers

Hi there! Hopefully this helps!

-----------------------------------------------------------------------------------------------

Answer: y=10(0.4)x.

Explanation: 0.4 is 40% in decimal form.

If this fish tank is filled only halfway, how much water will it hold?
A. 1920 cubic inches
B. 42 cubic inches
C. 5880 cubic inches
D. 969 cubic inches

Answers

Answer:

I believe you typed your final answer choice incorrectly, as it should read 960 which is the correct answer

Step-by-step explanation:

the volume is 1920

1920/2=960

Answer:

960 cubic inches

Step-by-step explanation:

I took the test

I completed 2/3 of my project last month and 1/4 of it this week​

Answers

Answer:

You've completed 11/12 of your project

Only 1/12 left to go!

Step-by-step explanation:

2/3 + 1/4 = 11/12

Answer:

Step-by-step explanation:

2/3+1/4=11/12

express the first quantity as a percentage of the second
a) 35 minute 2 hour
b )650g.3 kg

Answers

Answer:

a) 29%   b) 22%

Step-by-step explanation:

The quantities must be expressed in the same units.

a) compare 35 minutes to 2 hours.  2 hours is 2 x 60 = 120 minutes.

35/120 = .291667 = 29%

b) compare 650 grams to 3 kilograms.  3 kg = 3 x 1000 = 3000 g.

650/3000 = .21667 = 22%

Answer:

see explanation

Step-by-step explanation:

To express as a percentage, first express as a fraction and multiply by 100%

The quantities must be expressed in the same units.

(a)

2 hours = 2 × 60 = 120 minutes, thus

[tex]\frac{35}{120}[/tex] × 100% ≈ 29.2% ( to 1 dec. place )

(b)

3 Kg = 3 × 1000 = 3000 g, thus

[tex]\frac{650}{3000}[/tex] × 100% ≈ 21.7% ( to 1 dec. place )

5 Aaron wants to draw rectangles that each have an area of 36 square inches.
The length and width of each rectangle are whole numbers of inches.
Tell whether each statement about Aaron's rectangles is True or False
a. A rectangle can have a width of 3 inches.
True
b. A rectangle can have a length of 8 inches.
True
C. A rectangle can have a length of 18 inches and a width
of 2 inches.
True
False
False
False
d. A rectangle can have a width of 6 inches and a perimeter
that is less than 36 inches.
True
False
e. A rectangle can have a length of 9 inches, a width of
4 inches, and a perimeter equal to its area.
True
False​

Answers

5 Aaron wants to draw rectangles that each have an area of 36 square inches.

The length and width of each rectangle are whole numbers of inches.

OK, we have Area=L×W where area is 36 and L and W are whole numbers, aka non-negative integers.

36=LW

a. A rectangle can have a width of 3 inches.

Sure, L=36/W = 36/3=12, a whole number.  True

b. A rectangle can have a length of 8 inches.

W=36/L=36/8=9/2, not a whole number.  False

C. A rectangle can have a length of 18 inches and a width  of 2 inches.

Sure 18×2=36, our area.  True

d. A rectangle can have a width of 6 inches and a perimeter

that is less than 36 inches.

L=36/6=6

It's a square, perimeter 6+6+6+6=24 which is of course less than 36

True

e. A rectangle can have a length of 9 inches, a width of  4 inches, and a perimeter equal to its area.

Perimeters can never really equal areas; they have different units.  Let's just assume they mean they have the same number.

Area is 9×4=36, as desired.  Perimeter is 9+4+9+4=26, not equal to its area.

False​

Final answer:

This answer explains the possible dimensions for rectangles with an area of 36 square inches. The possible widths include 3 and 6 inches depending on the corresponding length. However, a length of 8 inches or 18 inches with a width of 2 inches, and a rectangle with a length of 9 inches and a width of 4 inches are false scenarios.

Explanation:

The subject of these statements is about rectangles with an area of 36 square inches and their possible dimensions. For a rectangular area, you multiply the length by the width.

a. A rectangle can have a width of 3 inches: True. A rectangle with a width of 3 inches could have a length of 12 inches, giving an area of 36 square inches (3x12=36).b. A rectangle can have a length of 8 inches: False. There is no whole number that can be multiplied by 8 to give an area of 36.c. A rectangle can have a length of 18 inches and a width of 2 inches: False. Multiplying 18 by 2 gives an area of 36 square inches which is greater than the area allowable.d. A rectangle can have a width of 6 inches and a perimeter that is less than 36 inches: True. A rectangle with a width of 6 inches and a length of 6 inches has an area of 36 square inches and a perimeter of 24 inches, which is less than 36 inches.e. A rectangle can have a length of 9 inches, a width of 4 inches, and a perimeter equal to its area: False. A rectangle with a length of 9 inches and a width of 4 inches has an area of 36 square inches and a perimeter of 26 inches, and therefore the statement is false.

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Olivia is putting decorations around a picture frame​

Answers

Answer:

Olivia can decorate 88 inches squared.

Step-by-step explanation:

First, 14*8=112in^2

Next,6*4=24in^2

Lastly,112-24=88in^2

So, the answer is 88 inches squared

Select the expression that is equivalent to the polynomial given below.
(4x + 3) (3x – 8)
O A. 128 - 23x-24
23x + 24
C.
128²-41x-24
D.
12x +41x + 24

Answers

Look at the attached picture

Hope it will help u...

Which line is a trend line for the data?​

Answers

Answer:

i dont know which line is it you tell me man

Step-by-step explanation:

yes so cool

Can you help me with this question please

Answers

Answer:

516

Step-by-step explanation:

First

34% small and 40% large means that 100 - (34 + 40) = 26% medium

26% of 600 = 0.26 × 600 = 156

----------------------------------------------------

Second

[tex]\frac{3}{10}[/tex] are small and [tex]\frac{1}{10}[/tex] are large, which means [tex]\frac{6}{10}[/tex] are medium

[tex]\frac{6}{10}[/tex] × 400 = 0.6 × 400 = 240

-----------------------------------------------------

Third

sum the parts of the ratio, 3 + 4 = 7

Divide 210 by 7 to find the value of one part of the ratio

210 ÷ 7 = 30 ← value of 1 part of ratio

Thus medium = 4 × 30 = 120

Total number of medium packets = 156 + 240 + 120 = 516

What is 0.0068 in scientific notation?

Answers

Answer:

6.8 x 10^-3

Step-by-step explanation:

Answer:

6.8 x 10³

Step-by-step explanation:

Can someone's help me please ​

Answers

Answer:

8.5

I hope this helps.

Step-by-step explanation:

7^2 + x^2 = 11^2

Answer:

h = 8.5 ft

Step-by-step explanation:

Let height of kite be h ft.

Therefore, by Pythagoras theorem:

[tex]h = \sqrt{ {11}^{2} - {7}^{2} } \\ = \sqrt{121 - 49} \\ = \sqrt{72} \\ = 8.48528137 \\ \huge \red{ \boxed{\therefore \: h = 8.5 \: ft}}[/tex]

Transformers the following equation into slope-intercept. I need help ASAP

Answers

Answer:

Look at the attached work for a step by step solution and answer.

Step-by-step explanation:


|7m+4| =1 pls pls.

Answers

|7m + 4| = 1

It can equal either 1 or -1, so:

7m + 4 = 1

7m = -3

m = -3/7

7m + 4 = -1

7m = -5

m = -5/7

CLUES
• I'm a 2-digit even number.
• The sum of my digits is 11.
• If you reverse my digits I
would be 27 less than I am.
Who am I?

Answers

The number is 74.
- It’s a two digit even number.
- 7 + 4 = 11
- 74 reversed is 47. 74 - 47 = 27.

Answer:

74

Step-by-step explanation:

a + b = 11

ab - ba = 27

10a + b - 10b - a = 27

10a - a + b - 10b = 27

9a - 9b = 27

9(a - b) = 27

a - b = 27 : 9

a - b = 3

a + b = 11

a - b = 3

_______ +

a + b + a - b = 11 + 3

2a = 14

a = 7

a + b = 11 => 7 + b = 11 => b = 11 - 7 => b = 4

ab = 74

Evaluate 6h when h=8

Answers

Answer:

The answer is 48

Step-by-step explanation:

Answer:

48

Step-by-step explanation:

First, you plug 8 into the equation in place of h.

You can do this because h is equivalent to 8.

6(8)

Now we just multiply 6 and 8

6(8)=48

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Solving equations and distributive property Based on the audio, what can Pablo say to the waitress before starting the meal? In the audio it said, En el restaurante tomas el cafe. Que tienes sobre la mesa? Tengo el mantel la servilleta y la cuchara. Calcium phosphate will precipitate out of blood plasma when calcium concentration in blood is 9.2mg/dL, and Ksp for calcium diphosphate is 8.64x10^(-13), what minimum concentration of diphospate results in precipitation? Several individuals operate the cash register using the same register drawer. Select a weakness in internal control Select a control principle that is violated 2. A monthly bank reconciliation is prepared by someone who has no other cash responsibilities. Select a weakness in internal control Select a control principle that is violated 3. Joe Cockrell writes checks and also records cash payment entries. Select a weakness in internal control Select a control principle that is violated 4. One individual orders inventory, while a different individual authorizes payments. Select a weakness in internal control Select a control principle that is violated 5. Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording. The state of Israel was created An angle measures 48 more than the measure of its supplementary angle. What is the measure of each angle? Question 5 of 52 PointsA self-assessment identifies your skills and interests for the purpose of _____planning. Which is more dense, carbon dioxide or air A company owns a financial asset that is actively traded on two different exchanges (market A and market B). There is no principal market for the financial asset. The information on the two exchanges is as followsQuoted price of asset - Transaction costsMarket A: $1,000 - $ 75Market B: 1,050 - 150What is the fair value of the financial asset?A. $ 900B. $ 925C. $1,000D. $1,050 During a redox reaction the molecule that gains an electron is True or False: From 1500-1800, most of European colonial possessions were found in North and South America. A survey of data base administrators is conducted. In a random sample of equation, n=150, x=63 of them were found to have over 10 years of experience. Construct 1-a=0.90 confidence interval for the population proportion p of data base administrators with over 10 years of experience.____________________________________________________________1) The sample proportion of data base administrators having over 10 years of experiences is closest toa.63 b.1.645 c.4.2 d.42 e.none of the above2) The half width of this confidence interval is closest to a.0.0033 b.0.0403 c.0.0663 d.0.0790 e.none of the above3) The left limit of this confidence interval L is closest to a.0.4990 b.0.4863 c.0.3537 d.0.3140 e.none of the above4) The right limit of this confidence interval R is closest to a.0.4990 b.0.4863 c.0.3537 d.0.3410 e.none of the above5) The conclusion is a.With 90% confidence, 0.3410 < p < 0.4863 b.With 90% confidence, 0.3537 < p < 0.4990 c.With 90% confidence, 0.3410 < p < 0.4990 d.With 90% confidence, 0.3537 < p < 0.4863 e.none of the above The hypotenuse of a right triangle is 26 mm. One leg of the right triangle is 10 mm. What is the length of the other leg? 80 mm 20 mm 24 mm 28 mm Allison owns a trucking company. For every truck that goes out, Allison must pay the driver $11 per hour of driving and also has an expense of $1 per mile driven for gas and maintenance. On one particular day, the driver drove an average of 15 miles per hour and Allison's total expenses for the driver, gas and truck maintenance were $286. Write a system of equations that could be used to determine the number of hours the driver worked and the number of miles the truck drove. Define the variables that you use to write the system. A study conducted by a local university found that 25 percent of college freshmen support increased spending on environmental issues. If 6 college freshmen are randomly selected, find the probability that fewer than 4 support increased spending on environmental issues. What literary device is used in the following sentence. Your suitcase weighs a ton! 25 POINTS PLS HELPPP WITH MATH SummerSnowman Industries' last dividend was $1.25. The dividend growth rate is expected to be constant at 15.0% for 3 years, after which dividends are expected to grow at a rate of 6% forever. If the firm's required return (rs) is 11%, what is its current stock price? Do not round intermediate calculations. One theme in The Crucible is faith and the breaking of it. What choices are made, and what actions are taken by the characters in the play that involve this theme of faith and betrayal? What message is Miller trying to send to his audience about this theme? i need 10 facts about the author natalie babbitt