Amy contributes $50 per month into the Lincoln National Bond Fund that earns 7.26% annual interest.What is the value of Amy’s investment after 25 years?

Answers

Answer 1

Answer:

Inc Interest : $16,089

Step-by-step explanation:

1. Let's turn $50 a month into a year, so 50 * 12 = $600

2. Including the annual interest, which is $43.56 out of the $600

3. Add them together, which will be 43.56 + 600 = 643.56

4. Multiply it by 25 to get the full 25 years and you're done!

Answer 2

The value of Amy's investment after 25 years will be $140.75.

What is simple interest?

Simple interest is calculated just on the loan's principal amount, whereas compound interest is calculated on both the principal and the cumulative interest. The straightforward crediting of cash flows related to an investment or deposit is referred to as "simple" interest.

Given that, Amy contributes $50 per month to the Lincoln National Bond Fund which earns 7.26% annual interest.

The investment after 25 years will be calculated as,

SI = ( P x R x T)/100

SI = ( 50 x 7.26 x 25 ) / 100

SI = $90.75

The total investment will be calculated as,

A = $90.75 = $50

A = $140.75

Therefore, the value of Amy's investment after 25 years will be $140.75.

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Here are the 3 lines graphed (I even labeled each for you) so you can have a bit of a visual.

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Answer:

[tex]x=-4[/tex]

Step-by-step explanation:

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______________________

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Answer:

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Step-by-step explanation:

Your classroom received 150 books. You are placing them in bins. Each bin holds 20 books. How many bins do you need? Remainder:
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Answer:

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Step-by-step explanation:

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Answer:

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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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Answer:

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Step-by-step explanation:

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. The first day of a water polo tournament the total value of tickets sold was $17,610. One-day passes sold for $20 and tournament passes sold for $30. The number of tournament passes sold was 37 more than the number of day passes sold. How many day passes and how many tournament passes were sold?

Answers

Answer:

330 day passes, 367 tournament passes

Step-by-step explanation:

The number of day passes sold is 330, while the number of tournament passes sold is 367.

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A set of simultaneous equations, often known as a system of equations or an equation system, is a finite collection of equations for which common solutions are sought.

Let the number of day passes sold be represented by x, while the number of tournament passes sold is y.

Given that on the first day of a water polo tournament, the total value of tickets sold was $17,610.

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△DVW ≅ △
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Transformation involves changing the position of a shape.

The complete statement is:

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[tex]\mathbf{\triangle VWD \cong \triangle CYL}[/tex]

[tex]\mathbf{\triangle WDV \cong \triangle YLC}[/tex]

[tex]\mathbf{\triangle WVD \cong \triangle YCL}[/tex]

A triangle has 3 sides, and there are 2 triangles in the question.

The number (n) of congruence statements is:

[tex]\mathbf{n = 3^2 = 9}[/tex]

The remaining (r) number of congruent statement is:

[tex]\mathbf{r = 9 - 6 = 3}[/tex]

So, the blanks should be completed with 3 and 9

Read more about congruent triangles at:

https://brainly.com/question/12413243

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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

Answer:

numerator - 4

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Step-by-step explanation:

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